Welcome Bonus
Our review of DraftKings Sportsbook is intended to provide a thorough, unbiased perspective based on available information. We uphold the principles of responsible gambling and encourage users to set limits, engage thoughtfully, and approach betting as entertainment rather than income. For those who need assistance with gambling-related concerns, please seek support from trusted resources.
DraftKings Bet $5, Get $200 Instantly Pros & Cons
How DraftKings Welcome Bonus Works
DraftKings Sportsbook is offering new customers a $200 Bonus Bets promotion for a single qualifying wager of $5 or more. The offer runs from April 14, 2025, at 12:00 AM ET through May 18, 2025, at 11:59 PM ET, and applies only to first‑time DraftKings Sportsbook bettors who place their first bet during this period. Eligible bettors will receive eight $25 Bonus Bets instantly, regardless of the outcome of their qualifying wager, with each Bonus Bet valid for 168 hours from issuance.
| Term | Detail |
|---|---|
| Promotional Period | April 14 2025, 12:00 AM ET – May 18 2025, 11:59 PM ET |
| Qualifying Wager | First wager of $5+ on any eligible DraftKings Sportsbook market, funded from cash balance |
| Bonus Award | $200 in bonus bets, paid out as eight (8) separate $25 Bonus Bets |
| Bonus Validity | 168 hours (7 days) from the moment Bonus Bets hit your account; unused bets expire automatically |
| Bonus Winnings | Only the profit from a winning Bonus Bet is paid in cash; original Bonus Bet stake is not returned |
| Restrictions | Bonus Bets are single‑use, non‑transferable, non‑withdrawable, and cannot be used as qualifying wagers for other promotions |
| Eligibility | First‑time DraftKings Sportsbook customers, age 21+ (18+ in DC, KY, WY), located in AZ, CO, CT, DC, IA, IL, IN, KS, KY (18+), LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY (18+), or WV |
- Instant trigger: Bonus credited immediately upon placing your first $5+ bet, without waiting for settlement.
- Bonus structure: Eight individual $25 Bonus Bets enable multiple wagers across any DraftKings Sportsbook market.
- Payout mechanics: Winnings from Bonus Bets are transferred to your cash balance and do not include the Bonus Bet amount.
How to Claim Your $200 in Bonus Bets at DraftKings
Follow these three simple steps to trigger your Bonus Bets—no promo code needed:
- Register as a new DraftKings Sportsbook customer.
- Fund your account with a minimum $5 deposit.
- Place your first $5+ wager on any eligible market.
Once your qualifying bet is placed, eight $25 Bonus Bets will appear instantly in your Promotions tab. Be sure to use them within 168 hours to avoid expiration.
DraftKings accepts deposits from multiple payment providers, including:
Name | Deposit | Withdraw | ||||
|---|---|---|---|---|---|---|
Time | Min | Fee | Time | Max | Fee | |
 ACH/eCHECK | 0-1 day | $10 | 0.75% | 1-3 days | $5,000 | 0.75% |
 American Express | 0-1 day | $10 | 1-3% | 1-5 days | $50,000 | 1-5% |
 ApplePay | 0-1 day | $10 | 0 | 1-3 days | $10,000 | 1.5% |
 Google Pay | 0-1 day | $10 | 0 | N/A | N/A | N/A |
 VISA | 0-1 day | $10 | 1-4% | 2-7 days | $50,000 | 1-6% |
 Bank Wire Transfer | 1-5 days | $50 | 0 | 1-7 days | $100,000 | $30-$50 |
 PayPal | 0-3 days | $10 | 1.5-3.9% | 2-7 days | $60,000 | 1.5-3.9% |
 Paynearme | 0-2 days | $10 | 0 | N/A | N/A | N/A |
 PaysafeCard | 0-2 days | $10 | $1-$6 | 3-5 days | $5,000 | Varies |
 Cash at Cage | 0-1 day | Varies | 0 | 0-2 days | Varies | 0 |
 Skrill | 0-2 days | $10 | ~2.5% | 0-5 days | $100,000 | 1-7.5% |
 Cash at Retail Stores | 0-1 day | $10 | Varies | 0-2 days | $1,000 | Varies |
 DraftKings Gift Card | 0-1 day | $25 | 0 | N/A | N/A | N/A |
 Play+ | 0-1 day | $5 | 0 | 1-7 days | $25,000 | 1-5% |
 Venmo | 0-1 day | $10 | 3% | 2-5 days | $10,000 | 1.75% |
 VIP Preferred | 0-1 day | $5 | 0 | 1-5 days | $100,000 | 1-5% |
 Mastercard | 0-2 days | $10 | 1-3% | 2-7 days | $50,000 | 1-5% |
 Discover | 0-1 day | $10 | 2-5% | N/A | N/A | N/A |
Our review of DraftKings Sportsbook is intended to provide a thorough, unbiased perspective based on available information. We uphold the principles of responsible gambling and encourage users to set limits, engage thoughtfully, and approach betting as entertainment rather than income. For those who need assistance with gambling-related concerns, please seek support from trusted resources.
How to Use Your DraftKings $200 Bonus Bets
Below are examples of how you might deploy a single $25 Bonus Bet across various sports and bet types. The Implied Probability is calculated from the decimal odds, and Difficulty reflects relative ease of winning (higher implied probability = easier).
| Sport | Bet Type | Example Wager | Decimal Odds | Implied Probability | Difficulty | Notes |
|---|---|---|---|---|---|---|
| NBA | Moneyline Betting at DraftKings | $25 on Lakers to win at −150 | -150 | 60.0% | Easy | Betting a favorite yields a higher chance of success but smaller profit (≈ $16.67 net). |
| NFL | DraftKings Point Spread | $25 on Chiefs +3.5 at −110 | -110 | 52.4% | Moderate | Spreads around pick‑’em are roughly 50/50—good balance of risk and reward (≈ $22.73 net). |
| MLB | Bet the Over/Under at DraftKings | $25 on Over 8.5 runs at −110 | -110 | 52.4% | Moderate | Totals bets hover near even odds; outcome depends on in‑game scoring variance. |
| Soccer | Parlay Betting at DraftKings | $25 on Man City ML (−200) + Over 2.5 goals (−150) | +200 | 33.3% | Hard | Parlays multiply individual probabilities, increasing payout but lowering overall win chance. |
| Tennis | Prop Bets at DraftKings | $25 on Player A to record > 10.5 aces at −120 | -120 | 54.6% | Moderate | Player‑specific props can edge above even odds; consider recent form and opponent style. |
- Easier bets (60%+ implied): often favorites or moneyline bets on top teams.
- Moderate bets (~50–55% implied): point spreads, totals, or props near pick‑’em lines.
- Hard bets (<40% implied): multi‑leg parlays or long‑shot underdogs—higher payout but lower success rate.
Responsible reminder: Bonus Bets are for entertainment. Choose wager types aligned with your comfort level, avoid chasing losses, and always play within your limits.
