Updated August 19, 2026
Editorial Review By: Henrik NormanSenior Sports & Casino Editor
$100
*This calculation excludes the original bonus stake because DraftKings only pays out profits on bonus bets.
Click the DraftKings promo link on this page
The link will carry you straight to DraftKings so you can sign up
Create an Account
Enter your personal information and complete the verification process
Deposit & Place Your First Bet
The current DraftKings promo requires a minimum deposit of $5.
The $1,000 deposit match requires a $5,000 upfront deposit
Because this is a 20% match (not a standard 100% match), you must deposit $5,000 in real cash upfront to unlock the maximum $1,000 bonus. A standard $100 initial deposit yields a $20 bonus match.
Deposit match funds unlock via playthrough, not all at once
DraftKings does not issue the deposit match as lump-sum cash. Instead, bonus match funds release in $1 increments for every $25 wagered (a 25x cumulative playthrough requirement) across eligible sportsbook, DFS, or casino products within a set timeframe.
7-Day Expiration
The moment your $150 in bonus bets hit your wallet, a strict 7-day timer starts. Any unused bonus tokens expire and are forfeited automatically.
Bonus bet stakes disappear on winning wagers
If you place a $25 bonus bet on a team at +100 (1/1) odds and win, your payout will be $25 in cash profit, not $50 total. The original $25 bonus bet token is excluded from the final payout.
Bonus Value
$150
Typical Bet (-110)
$150 → win $136.36
Win Probability
52.4%
Expected Return
~$70-$75 in real cash
Stake Returned on Win
✕ NoThis is an estimate based on typical -110 odds. Splitting your $150 in bonus bets across multiple wagers can help reduce variance and maximize their expected value.
ATS Expert Verdict
“DraftKings’ current welcome promo stands as one of the most accessible and balanced offers in the July 2026 U.S. sports betting market. Because it requires a minimal $5 upfront investment to trigger the $150 bonus payout, it is highly approachable for casual bettors just looking to test the platform. Simultaneously, the 20% deposit match gives heavier bettors a runway to scale their starting bankroll. While players must stay active to navigate the strict seven-day expiration window and understand that winning bonus bets only return the profit (not the original stake), the combination of an incredibly low entry barrier and immediate flexibility makes this a premier signup offer.”
No. In most cases, you do not need to enter a DraftKings promo code manually. The offer is usually activated through the promotional link or inside the DraftKings promo screen.
The minimum deposit required for this promo is $5. Always confirm the exact deposit requirement in the DraftKings offer terms before placing your qualifying wager.
No. DraftKings bonus bets cannot be withdrawn as cash. If your bonus bet wins, the profit from that wager can usually be withdrawn, but the bonus bet stake itself is not included in the payout.
DraftKings bonus bets often expire within 7 days of being issued. Always check the expiration date in your DraftKings account before placing any bonus bet.
No. DraftKings Sportsbook is only available in states where it is licensed and legally permitted. Availability and promo eligibility can vary by location.
Eligible states include those where DraftKings Sportsbook is legally operating, such as AZ, CO, CT, DC, IN, IA, IL, KS, KY, LA (select parishes), MA, MD, ME, MI, MO, NC, NJ, NY, OH, PA, TN, VA, VT, WV or WY . State availability and promo eligibility can change, so check the terms in your DraftKings account before claiming the offer.