Ever wondered what happened to the DraftKings “Bet$5, Get $300” promotion back in the day? Well, this was a popular thing of the past, and now it happened to be gone in an instant.
The good news? DraftKings recently unveiled a brand spanking new sign-up bonus that we’d argue is even better, being worth up to $300 in bonus bets, as we prepared another thorough check and update today. So, here’s everything you need to know about that offer instead, from how to claim it to its most important T&Cs.
Final Rating - Bet $5 on any market and get $100 in Bonus Bets.
- 20+ Sports and Deep Markets
- Improved SGP Pricing with real-time odds changes.
DraftKings Sportsbook: Pros and Cons - Highly reputable mobile apps
- Generous rewards structure
- High-end security and licensing
- Offers 3.6 / 5
- Customer Service 3.5 / 5
- Licensing 3.9 / 5
- Mobile App 3.8 / 5
- Usability 3.8 / 5
- Payment Methods 3.9 / 5
- Rewards 3.7 / 5
How to sign up - Visit the DraftKings website or download the mobile app from the App Store or Google Play Store.
- Click on the “Sign Up” button, usually located in the upper right corner of the website or app.
- Enter your personal details and choose a unique username.
- Create a secure password. It must be at least 10 characters long and include at least one letter, one number, and one special character.
- Click “Create Account” or “Continue” to finalize the registration process.
DraftKings Sport Bonus Details Sports Betting New DraftKings Customers: Bet $5+ Get $100 in Bonus Bets Instantly! Type: Welcome Bonus Cashable: No
copy Promocode
Go to DraftKings Sport GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/KY/NH/PR/WY). Void in NH/OR/ONT/PR. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Max. $100 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: Promos | DraftKings Sportsbook . Ends 5/31/26 at 11:59 PM ET. DraftKings Sport Facts
| Welcome Bonus | New DraftKings Customers: Bet $5+ Get $100 in Bonus Bets Instantly! |
| Mobile Statistics | Yes |
| Partial Cash Out | No |
| Live Betting | Yes |
| Live Streaming | Yes |
| Mobile Live Streaming | Yes |
| Cash Out | Yes |
| Gaming Licence | Virginia (US) Lottery Board |
| Support Types | E-Mail, Live Chat |
| Deposit time | instant |
| Available States | VA, AZ, AR, CO, CT, IL, IN, IA, KS, KY +18 more, LA, MD, MA, MI, MS, MO, NH, NJ, NY, NC, OH, PA, RI, TN, VT, DC, WV, WY |
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DraftKings Sport Signup Promo New DraftKings Customers: Bet $5+ Get $100 in Bonus Bets Instantly!
copy Promocode
Go to DraftKings Sport Rating - Bet $5 on any market and get $100 in Bonus Bets.
- 20+ Sports and Deep Markets
- Improved SGP Pricing with real-time odds changes.
GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/KY/NH/PR/WY). Void in NH/OR/ONT/PR. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Max. $100 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: Promos | DraftKings Sportsbook . Ends 5/31/26 at 11:59 PM ET.
Does DraftKings have a “Bet $5, Get $300” bonus right now?
Nope, they don’t. As mentioned above, the offer, which once granted new bettors $300 worth of bonus bets with a $5 deposit and activation bet, has been discontinued to make way for other, newer sportsbook promo codes on the site. Over the years, our DraftKings reviews have found that the brand’s online sportsbook shakes up its promotions pretty frequently.
How does this alternative bonus work? Well, you’ll get $300 worth of DraftKings bonus bets when you follow a few easy bonus claims steps – which we’ll spell out for you in the next section. Check it out:
| Feature | Details |
| Offer | Bonus Bets expire in 7 days DraftKings is offering a newer welcome bonus worth up to $300. |
| Requirement | Same $5 activation bet requirement. |
| What you get | Up to $300 in DraftKings Bonus Bets. |
| Next step | Follow the bonus claim steps in the next section. |
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Signup Promo New DraftKings Customers: Bet $5+ Get $100 in Bonus Bets Instantly!
get bonus
GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/KY/NH/PR/WY). Void in NH/OR/ONT/PR. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Max. $100 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: Promos | DraftKings Sportsbook . Ends 5/31/26 at 11:59 PM ET.
How to claim DraftKings’ latest sign-up bonus
Getting your hands on this exciting new alternative to the now-defunct DraftKings bet $5, get $300 bonus, is a cinch. All you need to do, is:
- Click any of my official links here to reach DraftKings’ US sportsbook site.
- Tap the “Register” button in the top toolbar.
- Enter a few basic bits of information – think name, address, phone number, and DOB.
- Verify yourself via email.
- Head to the site’s “Promos” page and locate their “Bet $5 on any event, get $300 in bonus bets” ad.
- Click the ad’s “Opt In” button.
- Deposit $5 or more into your newly created DraftKings sportsbook account.
- Visit the site’s “Sports” tab, then bet $5 or more on any sports event.
- Wait for your bet to settle. You’ll qualify for your bonus whether your activation bet wins or loses.
- Receive your $300 in bonus bets, which are credited as twelve separate bonus bets worth $25 each.
- Play through all your bets within seven days of receipt.
So, there are all sorts of perks up for grabs with this offer when compared to the old bet $5, get $300 DraftKings promo that was available previously.
However, as is the case with all best sports betting promos, the offer comes with pros and cons. While it’s super important to have a good, long read through the bonus’ latest T&Cs before you get stuck in with it, too.
Pros and Cons - Get $300 in bonus bets
- Unlock other perks, too
- Easy claims process
- Available in several US states
Important T&Cs to watch out for when claiming DraftKings’ new bonus
While DraftKings $200 promo bonus is undeniably much more generous than its predecessor was, we found you’ll need to stay on your toes when activating and using this new promotion.
Ultimately, there are many ways this new offer differs from the old DraftKings bet $5, get $300 deal you might’ve seen advertised previously. Here are the most important T&Cs to keep in mind:
| What to watch out for | What you need to know |
| Eligibility requirements | DraftKings’ latest welcome bonus is only available to over 21s located in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY, and WV. You’ll also need to be a first-time bettor here to qualify. |
| Opt in rules | To claim this new DraftKings bet $5, get $150 bonus alternative, you’ll need to manually opt in on the “Promos” page via the steps we outlined above. |
| Qualifying wager rules | You can put down your initial $5 cash bet on any sports event you like here – and with any odds, too. However, your activation bet must go down as one of the following: - A moneyline bet.
- A spread bet.
- A player props bet.
- An over/under bet.
- A Same Game Parlay.
- A live bet.
- A traditional parlay.
|
| Bonus bet rules | Your bonus bets will be credited 8x separate bets, good for $25 each. What’s more, you’ll only have seven days to play through your bonus bets before they expire. So, time is of the essence.
|
| NFL Sunday Ticket T&Cs | Unlike the old DraftKings “bet $5, win $150 in bonus bets” offer, this new promotion is about more than just conventional bonus bets. You’ll also get a free more than $200 discount on an NFL Sunday Ticket subscription. You’ll receive this as a redeemable promo code for use with YouTube or YouTube TV.
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When all is said and done, despite there being a lot of information to get your head around here, we believe that this alternative to DraftKings’ bet $5 get $300 promotion is well worth it. Although, of course, it’s far from the only bonus currently available on the site. So, if it’s not your cup of tea, you might want to consider some of DraftKings existing user promos I’ll explore in the next section instead.
Here’s how the site’s other offers compare…
DraftKings Sport Signup Promo New DraftKings Customers: Bet $5+ Get $100 in Bonus Bets Instantly!
copy Promocode
Go to DraftKings Sport Rating - Bet $5 on any market and get $100 in Bonus Bets.
- 20+ Sports and Deep Markets
- Improved SGP Pricing with real-time odds changes.
GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/KY/NH/PR/WY). Void in NH/OR/ONT/PR. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Max. $100 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: Promos | DraftKings Sportsbook . Ends 5/31/26 at 11:59 PM ET.
We’ve been writing sports betting reviews for a long time. And one thing we’ve always loved about DraftKings is that they always have multiple bonuses up for grabs – and their offers are constantly replaced and updated to keep things interesting.
Right now, other bonuses available on the site in addition to DraftKings’ two-part sign-up bonus include:
🤝 Refer a Friend Offer
DraftKings’ refer-a-friend program gives you the chance to collect up to $100 in bonus bets for every buddy you successfully refer to the site. However, a couple of caveats apply. Most notably, you’ll need to generate a unique promo code via the “Refer a Friend” tab to get started. While any chums you share it with will need to make a qualifying first deposit of $25 or more before you’re eligible for your bonus. You’ll then get anywhere between $25 to $100 in bonus bets depending on the size of your buddy’s deposit.
🎉 Enhanced Odds and Parlay Boost Offers
We’ve found that DraftKings routinely updates and rotates a whole bunch of different enhanced odds and “Parlay Boost” offers on its “Promos” page.
These offers, which you can opt into whenever you like, will ordinarily grant you a “Boost Token” that can be activated on your betting slip next time you make an eligible selection. For example, let’s say a 25% Parlay Boost is advertised on qualifying MLB parlays. In this case, simply opt in, piece together a parlay with enough MLB legs to qualify, ensure you’ve hit the minimum odds requirements stated in the ad, then tap the “Apply Reward” button on your betting slip to activate your bonus.
Keep in mind that this offer changes from time to time, and it changes for various months and seasons, so make sure to stay updated on this offer so you won’t be surprised about the sudden changes.
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DraftKings Sports bonus!
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Bet on the go at DraftKings
Final takeaway – get up to $300 in bonuses with DraftKings’ new welcome offer
We’re as sad as you are that the old DraftKings bet $5, get $300 bonus has been discontinued. But as this promotion’s been replaced by one that’s ultimately even better value, perhaps we shouldn’t be complaining, eh? As we’ve already seen, so long as you live in a qualifying US state, you can currently claim a much more sizable up to $300 worth of bonus bets from an initial $5 activation bet. This new bonus trumps the old era of offers for bettors, and it is safe to say that betting sites today take priority on the welfare and overall experience of its users, allowing them to cook up more generous promotions in the long run.
The best part? You can unlock this bonus in minutes by registering via my official banner links on this page. And from there, you’ll be free to pursue other exciting DraftKings promotions, like Parlay Boosts and friend referrals, as much as you like.
Signup Promo New DraftKings Customers: Bet $5+ Get $100 in Bonus Bets Instantly!
copy Promocode
Go to DraftKings Sport GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/KY/NH/PR/WY). Void in NH/OR/ONT/PR. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Max. $100 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: Promos | DraftKings Sportsbook . Ends 5/31/26 at 11:59 PM ET. Read More
DraftKings bet $5, get $300 FAQ
- 🔎 Is DraftKings’ bet $5, get $200 bonus still available?
No, it isn’t. The offer, which once served up $300 worth of bonus bets on a $5 cash deposit and activation bet, appears to have been discontinued in 2025. The good news? At the time of writing, it’s possible to claim up to $300 in bonuses with the brand’s newest sign up offer instead.
- ❓ Can I get $300 for free with DraftKings?
No, you can’t – because the brand isn’t advertising any no deposit sportsbook bonuses right now. On the upside, you can claim up the refer a friend bonuses and other fun offers are available on the site, too.
- 🎁 Is DraftKings any good for sportsbook bonuses?
Yep, we certainly think so. Like most old and new betting sites, the brand runs all kinds of different promotions, ranging from deposit bonuses offering bonus bets when you put down a qualifying cash wager first, to “Parlay Boosts” and more. The best part? DraftKings rotates its special offers super frequently – so there’s always something new up for grabs with each visit.
