DraftKings: Bet $5, Get $200 Instantly

6 min read

Welcome Bonus

DraftKings Bet $5 Get $200
DraftKings Sportsbook
02/10/2024
expire
Medium
to obtain
1x
wagering req.
7 days
wagering period

About the Bonus

The DraftKings "GET $200 IN BONUS BETS!" offer is a promotional bonus aimed at new customers of the DraftKings Sportsbook. This bonus becomes available upon a new user making a deposit of $5 or more into their DraftKings Sportsbook account. Following this deposit, the user must then place a wager of at least $5 on any sport. Once these conditions are met, the user is credited with $200 in Bonus Bets instantly.

The bonus is structured as eight $25 Bonus Bets, which are valid for seven days from the time they are credited to the user's account. These bets can be placed on any eligible DraftKings Sportsbook market. However, the amount of the Bonus Bet is not included in the returns or winnings. Moreover, the Bonus Bets are not redeemable for cash, are non-transferable, and non-refundable. They also cannot be used as a qualifying wager for other promotions.

This offer is available only to first-time DraftKings Sportsbook customers during the promotional period, which runs from January 8, 2024, to February 11, 2024. Users must be physically located in specified states in the USA and meet the age requirements for gambling in their respective states to qualify for this bonus.

Pros & Cons

Pros

  • Instant receipt of $200 in Bonus Bets upon meeting the requirements.
  • Low initial deposit and wager requirement ($5+).
  • Flexibility in using Bonus Bets across various sportsbook markets.
  • Accessibility for new users who have not previously deposited in their DraftKings Sportsbook account.

Cons

  • Bonus Bets expire after seven days.
  • Bonus amount is not included in any returns or winnings.
  • Limited availability – only users in specific states and of specific age groups are eligible.

How to Claim

The "GET $200 IN BONUS BETS!" offer from DraftKings is a straightforward promotion for new users of their Sportsbook. The process of claiming this bonus involves a few simple steps which can be completed within a short time frame. The key requirement is a minimum deposit and a qualifying bet, which opens up the opportunity to receive Bonus Bets.

Step-by-Step Guide:

  1. Sign up for a DraftKings Sportsbook account if you are a new user.
  2. Make a deposit of at least $5 into your DraftKings Sportsbook account.
  3. Place a wager of $5 or more on any sports market of your choice.
  4. Once your qualifying bet is placed, you will instantly receive $200 in Bonus Bets, divided into eight $25 bets.
  5. Utilize the Bonus Bets within seven days before they expire.
DraftKings Sportsbook

Great Choice for NFL & NBA

Go to Website
NBA
Euroleague
B1
LNB
NBL
NJ
CO
OH
IA
VA
KY
CAD
USD
ACH/eCHECK
American Express
ApplePay
Google Pay
3814
user reviews
$10
min deposit
Varies
max withdrawal
1-5 days
withdrawal speed
1-4.7%
margin

Terms & Conditions

The "GET $200 IN BONUS BETS!" offer is governed by a set of terms and conditions that ensure both the user and DraftKings Sportsbook adhere to fair and transparent practices. Understanding these terms is crucial for users to fully benefit from the bonus without any misunderstandings.

Key Terms and Conditions:

  • Eligibility: First-time DraftKings Sportsbook customers only.
  • Deposit: Minimum deposit of $5 into the Sportsbook account.
  • Wager: Place a wager of $5+ on any sport within the promotional period.
  • Bonus Structure: $200 in bonus bets, paid as eight $25 Bonus Bets.
  • Validity: Bonus Bets valid for seven days from the time of credit.
  • Usage: Bonus Bet amount is not included in any returns or winnings and cannot be redeemed for cash.
  • Limitation: One qualifying wager per customer; cannot be used as a qualifying wager for other promotions.
  • Geographical and Age Restrictions: Must be 21+ (18+ in some states) and located in specific eligible jurisdictions.

Conclusion

The DraftKings "GET $200 IN BONUS BETS!" offer presents a straightforward opportunity for new users to get started with sports betting on their platform. With a minimal deposit and wager requirement, the bonus caters to those new to sports betting or DraftKings. While it offers a significant amount in Bonus Bets, it is important for users to be aware of the specific terms and conditions, especially regarding eligibility, bonus structure, and the expiration of Bonus Bets. As with any betting or gambling activity, it is essential for participants to understand the risks and comply with all regulatory requirements in their respective jurisdictions.

Similar Bonuses

Welcome Bonus

ESPN BET 200% First Time Deposit Match

ESPN Bet Sportsbook
Medium
to obtain
05/31/2024
expire
21, Terms and Conditions Apply
Bonus review
Welcome Bonus

ESPN BET $1,000 Bet Reset

ESPN Bet Sportsbook
Medium
to obtain
05/31/2024
expire
21, Terms and Conditions Apply
Bonus review
Welcome Bonus

ESPN BET $1,000 Bet Reset

ESPN Bet Sportsbook
Medium
to obtain
05/31/2024
expire
21, Terms and Conditions Apply
Bonus review