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DraftKings Sportsbook Deposit Bonus: Claim 200 Instantly With Draftkings Promo Code (New User)

Draftkings $1000 Bonus Is Not Active Anymore - Say Hello to $200 Instant Bet and Get Offers


You’ll already know all about the DraftKings sportsbook, but chances are that you’ll need to read the following review to see what you get with the latest DraftKings sportsbook promo code.

New customers at DraftKings can get a massive $1,000 matched deposit bonus, and there are lots more cool deals for existing customers. However, you should remember that DraftKings is only available in certain US states and that you have to ‘unlock’ your site credit. Thankfully our guide below will tell you more about all of this.

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DraftKings Sports Bonus
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Players from Virginia accepted
T&Cs apply, 21+
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User Reviews 8
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Virginia (US) Lottery Board
EGR - Operator of the year (2023)
1 – 5 Days
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a bit confusing
"i think the bonus is good...but it was really confusing to figure it out at the start. Something simpler would be better, especially when ..."
One of the best
"Definitely one of the best bonuses around. Excellent value from the welcome and loyalty bonuses and it makes betting here even more fun. They have ..."
User Rating
8 User Reviews
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1 Star
Last Updated on 03/21/2024
Fact checked by: Vicky Winters

How to claim the bonus

March Madness Is Here!

DraftKings has launched a fantastic March Madness bonus offer for all new players. The Promotion is valid from March 1 at 12:00:00 AM Eastern Time (ET) to March 24 at 11:59:59 PM Eastern Time (ET). You Must be physically located in CT, MI, NJ, PA, WV, or CA-ONT to be eligible. Customers must opt-in within 7 days (168 hours) of registering a new account.

You Must deposit a minimum of $5 within 7 days (168 hours) of opting in to earn a 100% deposit match bonus, up to $100 in Casino Credits eligible on select DraftKings Casino games. Casino Credits are single-use, have no cash value, are not withdrawable, must be wagered 1x before any resulting cash winnings can be withdrawn, and expire 7 days (168 hours) after being awarded.

Is DraftKings available in your state?

The table below will help you see if Draftkings is available in your state so that you can get your hands on your state-exclusive promo code and start taking advantage of their welcome offer today:

DraftKings Bonus: $1,000 Deposit Match
Available States AZ, CO, IN, IA, MS, MI, NV, NJ, TN, VA, WV, WY
Bonus Code N/A
Minimum Deposit $5
Time Limit 90 days

To claim this offer, here’s what you must do:

  • Register a new account online or via the DraftKings US app and deposit at least $5.
  • Find a qualifying sports fixture.
  • Wager a $5 bet prior to the start of your selected fixture and before 11:59 PM Eastern Time on 2/12/23.
  • Hang tight for the outcome. Your DraftKings promo will be officially activated once your qualifier has settled.
  • Receive $200 in bonus bets – which must be played through within 7 days via wagers on eligible sports.

The 20 US states that are currently eligible, include: AZ, CO, CT, IL, IN, IA, KS, LA, MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV and WY.

Virginia (US) Lottery Board
New Jersey (US)
Pennsylvania (US)
Michigan (US)
Colorado (US)
+ 18
State License Held
New Jersey New Jersey Division of Gaming Enforcement
Pennsylvania Pennsylvania Gaming Control Board
Michigan Michigan Gaming Control Board
Colorado Colorado Limited Gaming Control Commission
Indiana Indiana Gaming Commission
Iowa Iowa Gaming and Racing Commission
Illinois Illinois Gaming Board
Nevada Nevada Gaming Control Board
West Virginia West Virginia Lottery Interactive Wagering Act
Tennessee Tennessee Education Lottery Corporation
Arizona Arizona Department of Gaming
Louisiana Louisiana Gaming Control Board
New York New York State Gambling Commission
Maryland Maryland State Lottery & Gaming Control Agency
Kansas Kansas Racing & Gaming Commission
Ohio Ohio Casino Control Commission

Any bonus bets awarded under this offer are non-cashable and non-transferable. They’ll be credited as 8x $25 bonus bets which must be wagered at least once each. A bonus code may be required to activate your bets, which can be placed across any DraftKings sports markets as long as they are available in your region.

DraftKings Sportsbook matched deposit wagering requirements

While this isn’t the most straightforward bonus, the DraftKings sportsbook has made it clear exactly how this deal works. For example, you will only be able to get this bonus if your opening deposit is $5 or higher. Plus you will only get 90 days in which to unlock the total value of your site credit. As long as you meet those terms, you should have a good time with this deal.

20% up to $1000
Deposit Bonus
Requirements (WR):
1x Bonus
Go to DraftKings
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T&Cs apply, 21+

Top 5 expert tips to take advantage of the DraftKings sportsbook bonus code

Don’t lose sight of the 7-day time limit

DraftKings says that you’ll need to play through each of your bonus bets within 7 days of receipt – or else they could wind up void.

The 7-day playthrough period here is calculated as 168 hours from the exact time your bonuses are credited, so set plenty of reminders on your phone and calendar apps to ensure you play through all your bonus bets in good time.

Understand what is and isn’t included in your cash balance

Now here’s where the T&Cs of this bonus get a little confusing. Any bonus bets awarded under this offer are non-cashable or transferable, but winnings generated from the wagering of your bonus bets are.

This means that any additional funds you accumulate using your bonus bets can be transferred to your cash balance and withdrawn, but the bonus bets themselves cannot.

Bet on the right games

This operator offers US sports fans a fair bit of flexibility here, but you still need to be careful. You can place your qualifying $5 wager and any bonus bets on any DraftKings sportsbook fixtures you please.

That said, it’s your responsibility to avoid sports markets that shouldn’t be played in your state – such as collegiate sports games in NJ and NH, for example. What’s more, what constitutes an eligible or ineligible game could change at any time.

Make sure you have the right DraftKings sportsbook promo code to hand

The operator’s T&Cs state that a bonus code will be required to activate your promotion, but DraftKings does not explicitly state what code you’ll need, at the time of writing.

Be sure to check the provider’s site or app in your region before claiming, as its common for DraftKings promotional codes to vary state-by-state.

Watch out for unexpected T&Cs updates

DraftKings is known to frequently update its bonus terms and even warns players of this in the rules for this particular bonus, so you’ll want to watch out for that.

Other rewards available in addition to your DraftKings bonus code

DraftKings goes hard when it comes to promotions. The brand’s Promos page is frequently updated with new deals, and its Dynasty Rewards program offers regular players VIP benefits, too.

You’ll need to receive an invite from a business exec to qualify as a Dynasty Rewards member. Once you start climbing your way up Dynasty Tiers though, you’ll be able to unlock:

  • Customized offers
  • Personal VIP hosts
  • Game tickets and access to private events
  • Benefits with DraftKings partner organizations

On top of the sports sign-up offer we’ve already explored, there are other welcome bonuses currently advertised, too, though these are more geared toward customers who favor DraftKings casino games.

The operator’s New Player Package allows newbies to customize their very own casino sign up offer, while its Deposit Bonus up to $1,000 offer makes a 20% DraftKings deposit bonus available to first-time gamers.

DraftKings existing player promotions

While that welcome bonus will take you a fair amount of time to get through, you should know that there are some decent deals waiting for you afterwards. You’ll find all of the deals under the promotions tab at the DraftKings site or app, and they will be changing on a regular basis. Here are just some of DraftKings’ promotions for existing customers that you can get at the moment:

Refer-a-friend bonus: This is where you can send a friend a referral link and then if your friend comes to DraftKings and makes a minimum $25 opening deposit, you’ll get up to $100 in bonus bet tokens. But it doesn’t stop there, as you can repeat this procedure anywhere up to five times. A great way to make your DraftKings sports betting a little more social.

Daily free-to-play pools: This deal is something a little different but it’s no less enjoyable. This is because you can play the pools every day at DraftKings completely free of charge. If you manage to show enough skill to climb up the leaderboard, you could even win some awesome cash prizes. Another example of why DraftKings is different from most online sportsbooks.

Bonus intro

If you’re a new customer signing up for a DraftKings Sportsbook account, you could be eligible to claim the operator’s latest sign-up promotion. At the time of writing, sports fans based in the following 20 states qualify for a special sign-up offer worth $200 in bonus bets when an initial $5 wager is placed, but the T&Cs might take some getting used to.

Reality test

Pretty much any sports fixture is eligible for your qualifying bet, as long as you’re betting on a market that’s legally available in your region. That said, you’ll need a state-specific promo code to activate your offer, and your $200 bonus bets will be credited as 8x $25 bets once your qualifier settles.

Bonus withdrawal

Bonus bets must never be withdrawn when claiming this offer, though any additional funds accumulated via your $200 bonus bets are eligible to be transferred to your cash balance and withdrawn. Just keep in mind that each bonus bet must be played through at least 1x first.

Pitfalls & what to avoid when claiming

The key thing sports fans will want to watch out for here is that 7-day expiry limit. You’ll need to play through your bonus bets at least once within 168 hours exactly of the time they are credited. You’ll also need to wager them as 8x separate $25 bets.

Verdict on the bonus

This DraftKings sign-up offer is easy to claim, but its time limit is admittedly tight, which means you’ll need to act fast to get the most out of your bonus. That said, it’s great that this offer is so flexible, and that bonus-accumulated funds can be cashed out.

Draftkings Sportsbook Bonus verdict

It’s an unusual arrangement but one that could work nicely to constantly give you a top-up of extra credit to play with. This is because this DraftKings sportsbook promo code comes with relatively forgiving time limits, which means that you shouldn’t feel too rushed in unlocking your bonus.
Plus we should also highlight the fact that this DraftKings bonus code is simply one of the biggest sportsbook promos currently available. While you will have to work fairly hard to get anything back from this deal, it’s an excellent bonus for those who like to stay committed to just one sportsbook.

DraftKings promo code FAQ

✅ Do I need a promo code for the DraftKings Sportsbook bonus?

All bonus offers have different T&Cs and DraftKings may or may not require a promo code depending on which of their special offers you’re claiming. Discover the latest DraftKings bonuses with our in-depth reviews.

⚖️ Are there wagering requirements with the DraftKings Sportsbook bonus?

Yes, as you have to unlock the bonus credit first. This requires you to make sports bets on the minimum qualifying odds or try some fantasy betting. Each qualifying bet that you make will gradually unlock the bonus credit that will get added to your account.

💰How do I get free bets with DraftKings Sportsbook ?

Free bets and bonuses are the lifeblood of the online betting industry. DraftKings has several special offers on right now, but whether or not you can claim a free bet could depend on your region. Find out more at today.

User Reviews for DraftKings Bonus

3.63/5 – 8 User Reviews
  1. a bit confusing

    i think the bonus is good...but it was really confusing to figure it out at the start. Something simpler would be better, especially when you are tailoring the bonus to new players who might not be as au fait with what they are doing etc. Making it easier to use would encourage more people to join and to stay here once they've used the bonus

  2. One of the best

    Definitely one of the best bonuses around. Excellent value from the welcome and loyalty bonuses and it makes betting here even more fun. They have very competitive odds and it's all very fair in terms of how much I win. I'm very happy here

    I coldn't find anything
  3. I love it and recommend to all my friends
    Miro Ross

    I love Draft Kings, the welcome bonus is like no other. The site is also very easy to use, with just a few clicks you can get anywhere so it's easy to find the perfect match to bet on. Everything loads quickly, no issues at all with the site. I very much enjoy betting here and I think it's got a lot better in recent months too

  4. bonus code
    Jeremiah Baker

    This bookmaker offers personalized offers and has personal VIP hosts so you can get something tailored to you instead of the usual same old that everyone gets. I think the personal touch is really fun and it makes you feel valued as a player more.

    they just need to have more responsive customer service and more ways to pay.
  5. Great odds, but lack of variety

    This site offers competitive odds on many popular sporting events. It's an easy site to find your way around to find what you want to bet on. Saying that, they could increase the variety of sports and markets available to attract a wider audience. There isn't as much as some other betting sites, so it's not as competitive

  6. Slow loading times


    The site experiences a lot of slow loading times, which can be frustrating when navigating to pages or placing bets. It's something that needs improvement if they want people to keep playing here. There have been quite a few times that I have missed out on a potential winning bet because the page froze or crashed. It puts me off playing here until it's fixed
  7. Excellent customer service

    The customer service at this betting site is outstanding. They respond promptly to inquiries and are always willing to help. Very polite and knowledgeable on how the site works and the various offers etc. A top-notch service and one of the best if not THE best I've ever come across at any of the places I've bet at.

  8. very good
    Lucas B

    It has a lot of sports to bet on and the site loads fast which makes it easy to place last minute bets before a match. They also have a great service team, always ready to help out if you run into a problem.
    In my opinion, there are also good offers for their customers, both for the new people signing up and for some people who have been playing for a while.


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