DraftKings Promo Code: August 2023 – Bet $5, Get $150

DraftKings is one of the most popular online sportsbooks on the market for new users, and they have a seriously enticing promo code offer: a Bet $5, Get $150 bonus. They started as a daily fantasy sports (DFS) platform in 2012 and have since established themselves as a top brand in the world of sports betting.

With tons of exciting betting options including the moneyline, live betting, parlays, player props, and more, DraftKings Sportsbook has a little something for everybody. You can bet on everything with their sportsbook from the NBA playoffs to the Super Bowl, cash out on underdogs and favorites alike, or check out DFS if that’s more your speed.

It’s a great week for sports bettors as the MLB season continues to truck along with plenty of exciting matchups on tap. You can always count on baseball in the dog days of summer, but don’t miss UFC 292: Sterling vs. O’Malley for the Bantamweight title this Saturday. There’s also the semi-finals and finals of the FIFA Women’s World Cup, so claim a DraftKings Sportsbook promo code for this excellent week of wagering.

DRAFTKINGS SPORTSBOOK

Bet $5 & Get $150 Instantly!

LOCK IN PROMO

SIGNUP PROMO

BET $5
GET $150

CLAIM OFFER

Our reviewers are always searching for the latest DraftKings promo codes and sign-up bonuses. Here’s everything you need to know about the current DraftKings sportsbook promo code of Bet $5, Get $150.

DraftKings Sportsbook Promo Code

Using the link in the table above will automatically unlock a DraftKings bonus code worth up to $150 in bonus bets for new users. I found this promo code to be very helpful when I was getting started with online sports betting at DraftKings Sportsbook.

You’ll need to deposit at least $5 to get started, but you can make this qualifying deposit with credit and debit cards like Visa/MasterCard, bank transfers, or PayPal for example. Withdrawal methods are more limited that deposit methods, but that’s standard across all sportsbooks. You can contact DraftKings customer support through phone, email, or live chat if you run into any issues.

The Bet $5, Get $150 DraftKings promo is available exclusively to new players in AZ, CO, CT, KS, IL, IN, IO, LA, MI, MA, MD, NH, NJ, NY, OH, OR, PA, TN, VA, WV, or WY. The other sign-up promo worth up to $1,050 in bonus bets is available in all legal DraftKings states except KS, NJ, MA, OH, TN, and VA.

The DraftKings deposit match bonus is a perfect way to get started with their betting site and/or sports betting app. This generous DraftKings bonus is right up there with competitor offers from the likes of BetMGM and FanDuel Sportsbook. Whether you’re looking to place bets on the NFL, NBA, MLB, NHL, MMA, NCAA, or other leagues and sporting events, claiming this welcome bonus from DraftKings Sportsbook is a great place to start.

We’re always on the lookout for the best DraftKings Sportsbook promo codes to keep you informed, just use the links on this page to get the best offer.

DraftKings Sportsbook Promo Code Sections:

• Best DraftKings Promo Code This Week
• Current DraftKings Sportsbook Promotions
• How Do I Get a DraftKings Promo Code?
• DraftKings Bet-Get Welcome Promotions
• DraftKings Sportsbook Promo FAQs

What Is the Best DraftKings Promo Code?

The best DraftKings promo code unlocks a Bet $5, Get $150 promotion for new users, which in my opinion, is one of the most enticing welcome offers you’ll find as a sports bettor.

As you can see from the screenshot above, entering a DraftKings promo code is optional, and using the exclusive links on this page will automatically unlock the Bet $5, Get $150 bonus. I had no troubles completing the registration process to claim this offer, and DraftKings has a best-in-class customer support team should you encounter any issues.

Best DraftKings Promo Code This Week

PROMO

Bet $5 on Sandhagen or Font & Get $150 Instantly!

Details

CLAIM OFFER

Offer Detail

Promo

Bet $5 on Sandhagen or Font & Get $150 Instantly!

In Regions: us,az,ct,md,la,nj,pa,co,wv,in,tn,ia,mi,ny,va,il,oh,ma

Valid: 01/05/23 - 21/08/23

CLAIM OFFER

PROMO

Add +1000 to Any Golfer to Win Any Tournament!

Details

CLAIM OFFER

Offer Detail

Promo

Add +1000 to Any Golfer to Win Any Tournament!

In Regions: us,az,ct,md,la,nj,pa,co,wv,in,tn,ia,mi,ny,va,il,oh,ma

Valid: 01/03/23 - 01/10/23

CLAIM OFFER

PROMO

Bet $5 on MLB & Get $150 Instantly!

Details

CLAIM OFFER

Offer Detail

Promo

Bet $5 on MLB & Get $150 Instantly!

In Regions: us,az,ct,md,la,nj,pa,co,wv,in,tn,ia,mi,ny,va,il,oh

Valid: 13/03/23 - 21/08/23

CLAIM OFFER

PROMO

Bet $5 on NBA & Get $150 Instantly!

Details

CLAIM OFFER

Offer Detail

Promo

Bet $5 on NBA & Get $150 Instantly!

In Regions: us,az,ct,md,la,nj,pa,co,wv,in,tn,ia,mi,ny,va,il,oh

Valid: 13/02/23 - 21/08/23

CLAIM OFFER

Looking for the best DraftKings Sportsbook promo code this week? Look no further.

Sports Betting Dime gets exclusive DraftKings offers each and every week. Click the links above to unlock these promos, and come back to this page every week for our sportsbook review on new offers!

Where Is the DraftKings Promo Code Available?

We’ll keep this list updated when DraftKings goes online in more states like North Carolina and Texas. Some of the more recent additions to the DraftKings online betting empire include DraftKings New York and DraftKings Louisiana. The DraftKings mobile app is now available in these states, but keep in mind that not all wards in Louisiana will give you eligibility to place bets with a mobile sports betting app.

Sports bettors in the Buckeye State are enjoying the arrival of DraftKings Ohio, which launched Jan. 1, 2023. DraftKings Massachusetts launched on March 10, 2023 and a number of other Massachusetts sports betting apps also went live in the state.

Where is DraftKings Legal?

DraftKings is currently legal in a number of US states, and their national presence continues to grow. Check out the list of legal states below to find out if you’re able to use DraftKings Sportsbook in your region.

As a household name in sports betting, you can expect DraftKings Sportsbook to enter new markets as more US states go online with legal sports betting. If online sports betting gets legalized in your state, it’s likely that DraftKings Sportsbook will be one of the first platforms to launch. They’re eager to capitalize on emerging markets in the US sports betting scene, and their Bet $5, Get $150 promo is designed to attract new customers.

You can expect to see DraftKings online and retail sportsbooks available in more locations as sports betting legalization sweeps across the nation. Make sure to keep in mind that wagering requirements can vary from state-to-state.

Current DraftKings Sportsbook Promotions

Ongoing DraftKings Sportsbook promotions are a great opportunity to stay locked in with all the action in your favorite games. Some of these are only available to new players, while others can be claimed even after you’ve registered with DraftKings Sportsbook.

Here’s a list of all the current DraftKings Sportsbook promotions:

• DraftKings sign-up deposit promo
• DraftKings sign-up odds boost offer
• DraftKings bonus bets
• DraftKings referral promo
• DraftKings first bet insurance
• Pregame protection
• Daily fantasy promotions
• Opt-in odds boost
• Free to play pools

These promotions can change on a monthly or even weekly basis, so make sure you check back here for all the latest details.

You can activate the $150 sign-up bonus on the DraftKings website. Keep in mind DraftKings limits users to just one sign-up deposit bonus, so choose carefully if you plan to both bet on sports and play daily fantasy. That said, DraftKings does boast one of the top DFS sites and apps in the industry and is a formidable opponent to brands like FanDuel, Underdog Fantasy, and Jock MKT.

DraftKings Odds Boosts

Boosted odds promos are some of the best bonuses for padding your bankroll, and DraftKings Sportsbook usually has a ton of these on offer. Odds boosts promos at DraftKings Sportsbook increase the value of lines on numerous games, giving you a chance to win more money on a wager you might already be interested in.

For example, a DraftKings odds boost promo might move the line for a moneyline wager on the Boston Celtics from +125 to +175. If you placed a $100 wager on the boosted odds promo, you’d end up potentially winning an additional $50 over the $125 you could win on a wager without the bonus.

Check in with DraftKings Sportsbook to see what kind of boosted odds bonuses they have going.

MLB Stepped Up Same Game Parlay (SGP)

Stepped up Same Game Parlays (SGP) take the excitement of parlays to a new level, and DraftKings has special MLB promotions running for this type of wager throughout the dog days of summer.

Opt-in to the MLB Stepped Up SGP promo with DraftKings Sportsbook, build your MLB Same Game Parlay, and you’ll get up to a 100% Profit Boost. This is one of the best ways to boost your bankroll betting on MLB games this year, so make sure you take advantage if you’re eligible.

How Do I Get a DraftKings Promo Code?

Getting the main DraftKings promo code is simple, just download the app and complete the registration process with DraftKings Sportsbook. In my experience, signing up with DraftKings to claim their best promo code was simple and expedient.

Here’s a quick step-by-step guide on how you can activate these promos:

• Sign in to your DraftKings Sportsbook account, or create one if you haven’t already
• Navigate to the DraftKings promotions page
• Enter the promo code

Now, let’s dive into the full details on the $1,050 sign-up deposit match.

DraftKings Sportsbook Deposit Bonus: How to Claim

The $1,050 new user promo is DraftKings’ most popular offer for first-time customers. Players can receive up to $1,050 in promo funds for making their first deposit through the user-friendly DraftKings Sportsbook app.

Here’s how it works:

• When you sign up and make your first deposit, DraftKings will match 20% of that initial deposit up to $1,000. The minimum deposit requirement for this welcome offer is $5. You’ll also get an extra $50 in bonus bets if you use the links found on this page.
• Let’s say you sign up with DraftKings and make an initial deposit of $500. That deposit would qualify you to earn $100 in bonus funds to bet with on DraftKings.
• You wouldn’t see the $100 in promo funds in your new account right away. You need to complete a play-through requirement to collect the bonus.

Here’s how the play-through requirement works:

• For every $25 played on DraftKings daily fantasy sports, sportsbook, or casino, you would collect $1 in bonus funds.
• In our example above, you would have to bet a total of $2,500 across all DraftKings platforms to collect your $100 in bonus funds. If you’re betting with the DraftKings sportsbook, your wagers have to be placed on events or tournaments with -300 odds or longer in order to earn the bonus dollars.
• The play-through requirement must be completed within 90 days from the initial deposit to receive the maximum promo. This promotion only applies to your first deposit with DraftKings, and there is a limit of one deposit bonus per user.

The DraftKings sign-up promo is one of the best offers on the sports betting market. You can bet on multiple speculations to earn your bonus dollars, giving you the flexibility needed to try unique wagering types while earning extra cash to play with.

DraftKings Bet-Get Welcome Promotions

Known for having one of the best bet-get promos on the market, new sports bettors signing up with DraftKings will likely be interested in these enticing welcome offers.

Typically listed as a Bet $5, Get $150 offer, all you need to do after signing up with DraftKings Sportsbook is place a bet of $5 or more and you’ll unlock $150 in bonus bets. This is a perfect way to get started with a new sportsbook like DraftKings, as you’ll automatically get $150 in extra bonus funds just for placing a $5 wager on any eligible markets.

How this DraftKings promo works:

• Sign up for the DraftKings Bet $5, Get $150 promo through our exclusive links.
• Verify your new sportsbook account with DraftKings.
• Place your first wager of $5 or more on any sport.
• DraftKings will add $150 in bonus bets to your account instantly.
• Use the $150 in bonus bets to place more wagers with DraftKings Sportsbook.

To qualify for the $150 bonus bets, you can place any $5 fixed-odds wager, whether it’s a spread bet, total bet, or moneyline bet. Whether you’re predicting the point difference between teams, the total combined score of a game, or simply picking the outright winner, any of these $5 wagers will count towards fulfilling the requirements for the bet-get bonus from DraftKings.

If your first bet turns out to be a winner, then not only will you receive any winnings from your wager, but you’ll also be rewarded with $150 in bonus bets. Don’t worry if your first wager is graded as a loss though, as you’ll still receive the bonus bets associated with our DraftKings promo code. These bonus bets can be used to try your luck again and potentially turn things around in your favor.

Please note the $150 in bonus bets you receive from the DraftKings bet-get promo can’t be withdrawn immediately. You’ll need to use these bonus funds in full before collecting any real money payouts from this promo.

DraftKings Same Game Parlay

The DraftKings Same Game Parlay is one of the brand’s most exciting betting features. This allows you to combine multiple bets from the same game with the potential of a larger payout. For example, you can bet that the Miami Dolphins will win a game but also that their quarterback will throw for a certain number of yards and their running back will run for a certain number of yards as well.

It is available to use on the NFL, NBA, MLB, NHL, MMA, soccer, college football, and college basketball. Personally, this is my favorite feature available through the DraftKings Sportsbook.

Here’s how to make a DraftKings Same Game Parlay bet:

• Choose the game you want to bet on and ensure it has a “SGP” icon in the left corner
• Once you’ve clicked on the game, put “Same Game Parlay” on and all the bets will appear
• Build your own Same Game Parlay bet slip with multiple wagers from a single game

DraftKings also has a Same Game ParlayX (SGPX) featured which allows users to put together multiple picks from different games. This is one of the most effective ways to ramp up the online sports betting action even more with DraftKings Sportsbook.

DraftKings Casino Promo Code

DraftKings also happens to have one of the most popular online casino game offerings in the industry. It is currently available in Pennsylvania, New Jersey, Michigan, West Virginia, and Connecticut.

You can currently claim the DraftKings Casino promo code by hitting the link below in Pennsylvania, New Jersey, Michigan, or West Virginia. DraftKings Casino offers a 100% match up to $2,000 on your first deposit or a deposit match of up to $100 in bet credits. The choice is yours!

DRAFTKINGS
CASINO

Get a 100% Match Up to $2,000 on Your First Deposit!

LOCK IN PROMO

SIGNUP PROMO

100% MATCH
UP TO $2,000!

BET NOW

DraftKings Fantasy Promos

If you prefer DFS games, or you’re in a state where sports betting has yet to be legalized, taking advantage of a DraftKings Fantasy promo code might be a better option than the other offers listed on this page.

New customers signing up with DraftKings through their daily fantasy sports platform will be eligible to receive a deposit match bonus worth up to $500 in extra funds. The DraftKings DFS promo code will unlock an offer that matches 20% of your first deposit up to the $500 maximum.

How the DraftKings DFS promo code works:

• Download the DraftKings Fantasy app and create your new account.
• Make your first deposit with DraftKings Fantasy using an authorized payment method.
• DraftKings Fantasy will match 20% of your initial deposit up to the $500 maximum.
• You’ll receive $1 in bonus funds for every $25 played on any DraftKings product.
• Use the bonus funds to play more DFS contests with DraftKings.

The bonus funds associated with this DraftKings Fantasy promo can be used on contests for sports like football, baseball, basketball, hockey, golf, NASCAR, and MMA.

DraftKings DFS Contests

One of the best parts of DraftKings DFS is the number of different contests and tournaments you can compete in.

Some types of DraftKings DFS contests include the following:

• In-Game Showdowns: Draft your team during the second half of a game, choose the players you think will come up clutch.
• Tournament: Small and large fields of players with big prizes to be won.
• Best Ball: Fantasy teams drafted in a snake draft, roster used for entire duration of contest.
• Flash Draft: Compete live while watching your favorite games.
• Single-Game Showdown: Draft performance players from two teams in a single game while staying salary cap compliant.
• Leagues: Private contests where you can compete with your friends in the sport of your choosing.

These are just some of the many DFS contests offered at DraftKings Fantasy. Download the app today and see the latest contests they have on offer.

DraftKings Sportsbook App vs. DraftKings DFS App

DraftKings offers many different ways to get closer to all the action in your favorite sporting events, along with some of the best promos in the game.

Whether you’re betting on the sportsbook app or competing in contests through the DFS app, DraftKings has got you covered. Still, there are a few key differences between their sportsbook and DFS platforms.

You can use your existing DraftKings account to sign in to their sportsbook and DFS options seamlessly, however, you’ll be using standalone apps for each offering. The layout for the DraftKings DFS app focuses on contests, along with images of specific players you can add to your DraftKings Fantasy lineup. On the other side, the DraftKings Sportsbook app highlights odds for upcoming sporting events, giving you the chance to wager as specifically as you see fit.

Visually, the bold DraftKings branding holds up on both platforms, although the DFS app features brighter colors like orange and white as opposed to the sportsbook’s grey and green tones. Either way, you can trust both DraftKings apps to deliver reliable performance, helpful customer support, and enticing promo codes.

DraftKings Rewards Program

If you click the “Rewards” tab, you can see all the promotions currently available to you at the DraftKings sportsbook. The rewards program is based around the completion of specific “Missions” asking you to take a side on select wagers or propositions.

You’ll earn odds boosts, enhanced payouts, and more for each mission completed. You can also earn DraftKings crowns and dollars that can be used on all their platforms, including the sportsbook, daily fantasy, and casino activities. Another sportsbook that has an excellent rewards program, which is covered in our Caesars promo code page.

DraftKings Missions

One of the newest and most exciting features at DraftKings Sportsbook is their daily Missions that bring players special rewards.

DraftKings Missions are daily tasks you complete to unlock perks like bonus bets. Head to the promos section on DraftKings to see what Missions they have going for that day.

For example, a DraftKings Mission might ask you to place three $1 bets to earn a $3 bonus bet. You’ll need to opt-in to DraftKings Missions in order to qualify for the rewards, which can be done each day on the promotions menu.

Refer-a-Friend Program

DraftKings likes to incentivize fans to bring their friends in on the action with some referral bonuses.

All you have to do is share a referral link from the DraftKings refer-a-friend page. You’ll both receive a bonus bet of up to $100.

How to Get the DraftKings Referral Bonus

• Share the referral code with your friend
• Make sure they use the link when they sign up with DraftKings
• The bonus bet amount depends on how much the person receiving the referral code deposits
• The bonus bet is valid for 30 days
• Invited friends must be new to DraftKings, not just their sportsbook

Keep in mind, these can change weekly, so make sure you’re checking the DraftKings homepage for their latest refer-a-friend offers. You and your friend can fulfill these requirements through the DraftKings sports betting app or desktop site.

DraftKings Sportsbook Promo FAQs

Check out these answers to DraftKings Sportsbook promo FAQs:

Final Thoughts

DraftKings is one of the most popular online sportsbooks, and for good reason. I recommend signing up with DraftKings Sportsbook for all your sports betting needs, as they haven’t let me down while betting on my favorite games.

Their Bet $5, Get $150 sign-up promo is one of the best available in online sports betting, and they have a staggering amount of other offers to keep you coming back for more.

With seasonal promotions and new offers popping up weekly and monthly, promos help make DraftKings one of the best choices for sports bettors.

Check out our full DraftKings review for all the details on why it’s so special.

Bonus offer availability varies by location and changes frequently. Please consult each sportsbook directly to confirm the availability of the promo offers featured on this page.

If you may be struggling with a gambling problem, please contact the national hotline at 1-800-GAMBLER to get help.

Mitchell South

MMA Sportsbooks Gambling Horse Racing Content Marketing Specialist

Content Marketing Specialist

A sports fanatic and strategic wordsmith, Mitchell has been writing gaming content for over seven years. As sports betting emerges in markets across the globe, he’s ready to journey alongside those who haven’t wagered before with informative articles and comprehensive how-to guides.

MMA Sportsbooks Gambling Horse Racing

A sports fanatic and strategic wordsmith, Mitchell has been writing gaming content for over seven years. As sports betting emerges in markets across the globe, he’s ready to journey alongside those who haven’t wagered before with informative articles and comprehensive how-to guides.