TOP DRAFTKINGS PROMOS, CODES & BONUSES: JUNE 2025

1. Which Types of Sportsbook Promos Does DraftKings Offer?

DraftKings offers a wide range of sportsbook promos and bonuses to both new and existing customers across the US each month. Nine of the most common include:

1. bonus bets: With a bonus bet, DraftKings will gift you bonus site credit after you place a bet as a reward. This is the most common form of welcome bonus.
   
   For Example: Bet $5 and receive a $150 bonus bet. 
   
   Also Known As: Bonus bets, "bet x get x" offers, free plays, bonus credits.
   
   
   
2. No Sweat Bets: With No Sweat Bets, DraftKings will refund your stake if your bet loses (usually in the form of a bonus bet).
   
   For Example: DraftKings is offering a $100 risk bonus bet. If you wager $100 and win, you take the winnings. If you lose, you are refunded your $100 as a bonus bet. 
   
   Also Known As: No sweat bets, second chance bets, first bet insurance.
   
   
   
3. Deposit Bonuses: With a deposit bonus, DraftKings will offer an additional percentage bonus on top of your initial deposit amount.
   
   For Example: If the offer is a 50% deposit bonus and you deposit $100, DraftKings will offer you an extra $50. 
   
   Also Known As: Deposit Matches.
   
   
   
4. No Deposit Bonuses: As the name suggests, no deposit bonuses don't require a deposit to be gifted.
   
   For Example: With a $300 no deposit bonus, after you sign up, DraftKings will immediately fund your account with $300 (usually in the form of a bonus bet). 
   
   Also Known As: No deposit cash.
   
   
   
5. Reload Offers: Unlike welcome bonuses, reload offers are promos that can be offered to users at any time, rather than just once they've signed up. They can come in many forms, from bonus bets to enhanced odds. 
   
   For Example: Bet at least $10 every week of the Wimbledon tournament and receive a $50 bonus bet for the final. 
   
   Also Known As: Reload bonuses, ongoing offers.
   
   
   
6. Profit Boosts: Profit boosts provide a percentage increase to a person’s profits on a wager should they win.
   
   For example: If DraftKings adds a 50% profit boost to a game and you earn $100 profit from it, the sportsbook will up your profit to $150. 
   
   Also Known As: Cash boosts.
   
   
   
7. Odds Boosts: With odds boosts, DraftKings enhances the odds on a certain bet (usually a prop bet). This enables bettors to earn higher winnings from the same stake. 
   
   For Example: Houston Astros & Colorado Rockies both to win, was +190, now 240+. 
   
   Also Known As: Enhanced odds, price boosts. 
   
   
   
8. Parlay Insurance: Users get their stake back as a bonus bet if one leg of their parlay bet loses.
   
   For Example: Place a 3+ leg same game parlay on any sport and if only one leg loses, get a refund in site credit (max $25).
   
   Also Known As: Parlay promo, parlay cover.
   
   
   
9. In-Play Bonuses: Bonuses for placing live, in-play bets during an event.
   
   For Example: Bet $50 in-play and receive a $20 bonus bet.
   
   Also Known As: Live bet bonuses.

2. Recent DraftKings Sportsbook Promo

The DraftKings Sportsbook promo for June 2025 offers new users $300 in bonus bets when they place a $5 wager and it wins. No promo code is required; simply sign up, deposit at least $5, and place a qualifying bet to unlock the offer.

• Bonus Structure: Receive 12 bonus bets worth $25 each, totaling $300, credited within 72 hours of your qualifying bet winning.

• Wager Requirements: Your initial bet must be at least $5 with odds of -500 or longer (e.g., -300, +100).

• Eligibility: Offer available to new users aged 21+ in states where DraftKings operates legally.

• Bonus Expiration: Bonus bets expire seven days after issuance and cannot be withdrawn.

• No Promo Code Needed: The promotion automatically applies upon meeting the qualifying criteria.

This promotion is valid through June 22, 2025, and ranks among the most competitive sportsbook offers currently available.

3. Is DraftKings Legit?

If you’re wondering “Is DraftKings legit?”, the answer is a resounding yes. DraftKings is a fully legal, reputable, and widely recognized platform in the online sports betting and daily fantasy sports industries. Founded in 2012 in Boston, Massachusetts, by Jason Robins, Matt Kalish, and Paul Liberman, DraftKings started as a pioneer in daily fantasy sports (DFS). Over the years, it has grown into a major player in the regulated online gaming space across the United States.

DraftKings gained significant momentum after the U.S. Supreme Court’s 2018 decision to strike down the federal ban on sports betting. This ruling allowed individual states to legalize and regulate sports betting, paving the way for DraftKings to expand into the sportsbook market. Since then, the company has launched online and mobile sports betting platforms in multiple states where sports wagering is legal and regulated.

One of the clearest indicators that DraftKings is legit is that it is a publicly traded company, listed on the NASDAQ under the ticker symbol DKNG. This means DraftKings is subject to strict financial reporting requirements, audits, and public transparency standards, which adds an extra layer of credibility and consumer trust.

Additionally, DraftKings operates under licenses issued by official gaming regulatory bodies in several U.S. states. These licenses ensure that the company adheres to strict standards related to security, fairness, responsible gambling practices, and data protection. DraftKings uses industry-leading encryption technologies and is committed to responsible gaming, offering tools for players to set limits and access support if needed.

Beyond legality and licensing, DraftKings has formed high-profile partnerships with major sports leagues, teams, and media companies, further strengthening its position as a trustworthy operator. The company has also invested heavily in its user experience, offering intuitive platforms for fantasy contests, live betting, and casino games.

So, is DraftKings legit? Absolutely. With its strong regulatory standing, public company status, secure technology, and positive reputation among users, DraftKings is considered one of the most legitimate and reliable platforms in the online gaming industry.

For more information, read our sports betting expert’s extensive Draftkings review.

4. Does Draftkings have a casino?

Yes, Draftkings is one of a range of sportsbooks that also offer online casinos with casino bonuses. You can go ahead and check out all current Draftkings Casino promos and bonuses. 

Or if you'd like a more comprehensive review of DraftKings online casino, you can check out our official Draftkings Casino review reserached and written by our team of experts . 

5. Which States is DraftKings Legal in?

As of 2024, DraftKings is legal in the following states:

6. Does DraftKings Offer Promos for New Users?

DraftKings offers a range of promos for new users, often referred to as welcome bonuses or signup bonuses.

Designed to attract new customers to the sportsbook, these promotions are typically the most generous offers available, and can vary widely from bonus bets (bonus bets) to deposit matches and No Sweat Bets.

To find the best sportsbook promos for new users, check out the top of this page where we've ranked, rated and reviewed DraftKings’ latest and most attractive offers.

📈
What The Data Says

“More than 80% of new online sports bettors in the U.S. take advantage of welcome offers like bonus bets or deposit matches when signing up with major sportsbooks such as DraftKings, according to research from the American Gaming Association in 2024.”

- American Gaming Association

7. Does DraftKings Offer Promos for Existing Users?

DraftKings also offers promos for existing users, often referred to as reload offers or ongoing offers. These promotions come in various forms from profit boosts to enhanced odds, and bonus bets.

Reload offers provide longer term value to regular bettors, helping them maximize their potential profits and continue to enjoy benefits and rewards beyond their initial signup.

If you’ve already used all of your welcome bonuses with DraftKings, check out how you can maximize the profits you make from reload offers here.

💬
What Our Experts Say

“DraftKings consistently offers some of the most competitive promotions in the sportsbook industry. Their welcome bonuses, like the 'Bet $5, Get $300 in Bonus Bets' offer, provide substantial value to new users, enhancing the overall betting experience.”

- Chris Allen, Sports & Matched Betting Expert at ProfitDuel

8. How Can I Claim DraftKings Promos and Codes?

1. Sign Up or Log In: Create an account on the DraftKings Sportsbook website or app, or log in if you already have one.
   
   
2. Check for Promos: Visit the "Promotions" section to view available offers. This can be found in the main menu or on the homepage.
   
   
3. Opt-In: Some promotions require you to opt-in. Click the "Opt-In" button on the specific promo page if needed.
   
   
4. Enter Promo Code (if applicable): If you have a promo code, enter it during the deposit process or as instructed on the promo page.
   
   
5. Deposit Funds: Many promotions require a minimum deposit. Follow the instructions to deposit the necessary amount.
   
   
6. Place a Qualifying Bet: Some promos may need you to place a bet on specific events or meet minimum odds requirements.
   
   
7. Receive Bonus: Once conditions are met, the bonus will be credited to your account, usually as bonus bets, deposit matches, or other rewards.

While this process of claiming promos is generally a pretty standard one, you can still end up risking your cash if you lose the bet you wager on.

But don't worry. There is one method you can follow that can turn your promos into profits (see section 18). 

9. How do The DraftKings Bonus Bets Work

If you’re searching for information on how to claim the latest promo code DraftKings Sportsbook offers, you’re in the right place. DraftKings makes it easy for new users to get started with a generous welcome bonus—no special promo code is required when you sign up through an official or approved link.

To claim the offer, simply register for a DraftKings Sportsbook account, make a minimum deposit (typically $5 or more), and place a qualifying wager. Once your first bet settles—regardless of whether it wins or loses—you’ll receive bonus bets directly in your account.

Now, you might be asking, how do DraftKings bonus bets work? These bonus bets function like site credit. You can use them to place wagers on any eligible betting market across DraftKings Sportsbook, including popular options like NFL, NBA, MLB, NHL, and more. If your bonus bet wins, you’ll receive the winnings minus the value of the bonus stake. The best part is, these bonus bets allow you to try your luck multiple times without using your own cash, which lowers the risk for new users.

The entire promo process is designed to be quick, user-friendly, and rewarding, making it especially attractive for first-time sports bettors. Whether you’re betting on spreads, moneylines, or parlays, DraftKings gives you a valuable head start with its well-structured bonus system.

So if you're wondering about the promo code DraftKings Sportsbook offers or want to understand exactly how DraftKings bonus bets work, this promotion is a hassle-free way to explore the platform with extra value right from the start.

10. What Was DraftKings' Most Generous Promo Ever? 

DraftKings' most generous promotional offer ever is widely considered to be their "Free Million Dollar NFL Pick'Em" contest. Launched in 2018, this promotion allowed users to enter a free contest with a $1 million prize pool, with the top prize being $1 million for correctly predicting the outcomes of NFL games. 

This promotion attracted a significant number of participants due to its high-value prize and no entry fee, making it one of the most memorable and generous offers in DraftKings' history.

In terms of more accessible promos, DraftKings $1,500 risk bonus bet offer is one of the more generous welcome bonuses regularly offered by the sportsbook to new customers. 

11. How Good is the DraftKings VIP Program?

The DraftKings VIP Program, DraftKings Dynasty Rewards, is renowned for offering its most loyal and high-stakes players an elevated betting experience.

Designed to reward consistent and high-volume bettors, this program provides exclusive perks to enhance the overall sportsbook experience and retain top customers. But how good is it really?

Tiers & Requirements

The VIP Program is structured into different tiers, each with specific entry requirements and corresponding rewards. These tiers are generally based on a customer's 'tier credits' which are typically earned from a combination of betting volume, frequency and account standing.

The tier levels and typical credit requirements are listed below:

DraftKings VIP Benefits

• Customized Bonuses and Promotions: VIP members at DraftKings receive personalized offers crafted specifically for them.
  
  
• Dedicated VIP Manager: Every DraftKings VIP member is assigned a personal account manager or host.
  
  
• Tickets to Games and Matches: Enjoy tickets to major sports events, including NBA, MLB and NFL games.
  
  
• Access to Exclusive Events: Receive invitations to private events where you can mingle with fellow VIP members and players.
  
  
• Enhanced Referral Bonuses: As a VIP member, you can earn significantly more generous referral bonuses when you get your friends involved.
  
  
• Exclusive Land-Based Benefits: At DraftKings Casinos and Resorts, VIP members are treated to special rewards, benefits, and superior service.

Read our full DraftKings sportsbook review for a full breakdown of what our experts think of the sportsbook as a whole. 

12. What Sports and Leagues Can I Claim DraftKings Promos on?

DraftKings offers sportsbook promotions on a wide variety of sports and leagues.

Below are some examples of the sports and leagues they typically cover, along with some examples of sport/league-specific promotions:

Football (NFL and College Football)

• DraftKings NFL Promos:
  • No Sweat Bets: Place a bet on any NFL game, and if you lose, get a refund in the form of a bonus bet up to a certain amount.
  • Same Game Parlay: Enhanced odds or insurance on same-game parlays for NFL games.
    
    
• DraftKings College Football Promos:
  • Boosted Odds: Higher payout odds on specific college football matchups.
  • Parlay Insurance: Get a portion of your bet back if one leg of your college football parlay fails.
    
    

Basketball (NBA and College Basketball)

• DraftKings NBA Promos:
  • Deposit Bonus: Deposit a certain amount and get bonus funds to use on NBA games.
  • bonus bets: Place a bet on an NBA game and receive a bonus bet for future use, win or lose.
    
    
• DraftKings College Basketball Promos:
  • Bracket Challenges: Participate in bracket challenges with cash prizes during March Madness.
  • Live Bet Boosts: Increased odds on live bets for college basketball games.
    
    

Baseball (MLB)

• DraftKings MLB Promos:
  • Home Run Bonuses: Get bonus funds or bonus bets for each home run hit by your team in a game.
  • First Inning Insurance: Bet on the first inning result, and if you lose, get a refund in the form of a bonus bet.
    
    

Ice Hockey (NHL)

• DraftKings NHL Promos:
  • Overtime Insurance: Bet on an NHL game, and if it goes to overtime and your team loses, get your bet refunded as a bonus bet.
  • Goal Scorer Bonuses: Place a bet on a player to score. If they score multiple goals, receive additional bonuses.
    
    

Soccer (MLS, EPL, Champions League, etc.)

• DraftKings Soccer Promos:
  • Goal Insurance: Bet on a team to win, and if they score first but lose the match, get your bet back as a bonus bet.
  • Parlay Boosts: Enhanced odds on soccer parlays involving multiple matches or leagues.
    
    

Golf (PGA Tour)

• DraftKings PGA Promos:
  • Top Finish Bonuses: Bet on a golfer to win, and if they finish in the top 5, 10 or 20, receive bonus funds or bonus bets.
  • Hole-in-One Insurance: Bet on a tournament and if a player makes a hole-in-one, get a portion of your bet back as a bonus bet.
    
    

Mixed Martial Arts (UFC)

• DraftKings UFC Promos:
  • Knockout Bonuses: Bet on a fighter to win and receive a bonus for each knockout in the fight.
  • Parlay Insurance: Get a refund as a bonus bet if one leg of your UFC parlay fails.
    
    

Tennis (ATP, WTA)

• DraftKings Tennis Promos:
  • Set Betting Specials: Enhanced odds on set betting markets.
  • Retirement Insurance: Bet on a match and if a player retires due to injury, get your bet refunded as a bonus bet.
    
    

Auto Racing (NASCAR, Formula 1)

• DraftKings NASCAR Promos:
  • Top Finish Insurance: Bet on a driver to win, and if they finish in the top 3, 5 or 10, receive a bonus.
    
    
• DraftKings Formula 1 Promos:
  • Podium Finish Boosts: Enhanced odds for drivers to finish on the podium.
    
    

Esports (Various Leagues)

• DraftKings Esports Promos:
  • First Kill Insurance: Bet on a team to win a match, and if they get the first kill but lose the match, get your bet back as a bonus bet.
  • Parlay Boosts: Enhanced odds on esports parlays across different games and tournaments.

16. What Are the Pros and Cons of DraftKings?

The pros and cons of DraftKings will vary from user-to-user, depending on what you're looking to get from the sportsbook and its promos and bonuses.

However, some common pros and cons linked with DraftKings include: 

Pros

1. Wide Range of Sports: DraftKings offers contests across a variety of sports, including NFL, NBA, MLB, NHL, PGA and more, giving users plenty of options to choose from.
   
   
2. User-Friendly Interface: The platform is designed to be intuitive and easy to navigate, making it accessible for both beginners and experienced users.
   
   
3. Promotions and Bonuses: DraftKings often provides promotions, bonuses and special offers, especially for new users, which can enhance the gaming experience and offer extra value.
   
   
4. Variety of Contest Types: There are numerous contest types available, including head-to-head matches, 50/50s, and large GPPs (Guaranteed Prize Pools), catering to different levels of players and strategies.
   
   
5. Live Betting Options: For sports betting, DraftKings offers live betting, allowing users to place bets in real-time as the games are happening.
   
   

Cons

1. High Competition: Due to its popularity, DraftKings has a large user base, which can make it challenging for new users to compete against more experienced players, especially in large tournaments.
   
   
2. Fees and Rake: DraftKings takes a percentage of entry fees as a rake, which can be relatively high, particularly in larger contests. This can affect the overall profitability for players.
   
   
3. Limited Availability: In some regions, DraftKings may not be available due to local regulations and laws regarding online gambling and DFS.
   
   
4. Payout Issues: There have been occasional reports of issues with withdrawals or disputes over winnings, although these are typically addressed by customer support.
   
   
5. Complexity for Beginners: The range of contest types and the strategy involved in DFS can be overwhelming for new players, making it difficult to get started without some knowledge or experience.

17. Are There Any Risks With DraftKings Promos?

While claiming DraftKings promos can be a great way to maximize your betting profits, it's crucial to be aware of their potential risks.

Four of the most notable risks attached to promo offers are: 

• No Guaranteed Winnings: Whether it's a $150 bonus bet, a $1,000 risk bonus bet or a 50% deposit bonus, if you place your bonus credit on a losing bet you will still come away with no more cash than when you started.  
  
  
• Risk of Losing Money: One of the most common ways bettors lose money through promos is through No Sweat Bets. Let's say you're gifted a $500 risk bonus bet and you place your $500 on the losing side of a game. You won't be refunded with $500 of withdrawable cash, but instead $500 of site credit (often in the form of a bonus bet). Place this bonus bet on the losing side and you've just lost $500 to the sportsbook. 
  
  
• Limited Number of Sign-Up Bonuses: While DraftKings sign-up bonuses can be generous, you can only ever receive one sign-up bonus from the sportsbook (when you first create an account). This means that it isn't wise to rely purely on your DraftKings sign-up bonus for all of your profits.  
  
  
• Misuse of Promos: Certain promos have more complex rules and often hidden T&Cs. As a result, if you go into them without proper guidance and support, you can risk reducing the amount of overall profit you earn, or worse, lose money.

But it isn't all doom and gloom. There is one way you can turn sportsbook promos into profits.

Sound too good to be true? Read the next section. 

18. How to Maximize Profit from DraftKings Promos & Bonuses

While it's true that risks can arise when claiming DraftKings promos, one clever technique exists that can maximize your profits from promos.

Promo conversion (A.K.A matched betting), is a fully legal, super simple (with the right platform) method of turning sportsbook promos into cash.

Simply put, it involves betting on one side of a game to qualify for a sportsbook promo, then betting on the other side to cover both outcomes, so no matter who wins, you win. Repeat this process using your new promo and voila! You've locked in a profit. 

And while this sounds simple on paper, to earn serious monthly profits with this technique you need rapid odds-matching software, an up-to-date promo database and tailored instructions for converting each offer at your disposal. 

18. Why Choose ProfitDuel?

At ProfitDuel we have over 10 years' experience in the matched betting industry at the highest level. In that time we've helped 400,000+ members in the US & Europe earn profits each month converting sportsbook promos.

How exactly? By taking the complex-sounding promo conversion process we touched on in the last section, and creating intelligent software, easy-to-follow strategies and expert one-to-one customer support to make it insanely simple.

Not sold yet? Read the 5 simple steps to converting sportsbook promos in our free guide to see just how easy it can be to add extra cash to your monthly income.

When you've done that and you're ready to start earning profits, sign up to ProfitDuel using our limited-time trial of ProfitDuel!

19. Quickfire Draftkings Sportsbook Promos FAQs

1. Is DraftKings legit and safe to use?

Yes, DraftKings is a legitimate and secure platform. It is publicly traded on the NASDAQ under the ticker symbol DKNG and operates under strict regulatory oversight in multiple U.S. states. The company employs advanced security measures to protect user data and financial transactions.

2. Do I need a promo code to claim DraftKings Sportsbook bonuses?

No promo code is required. New users can access current promotions, such as the "Bet $5, Get $300 in Bonus Bets" offer, by signing up through approved links. This streamlined process eliminates the need for manual code entry.

3. How do DraftKings bonus bets work?

Bonus bets are site credits that allow you to place wagers without risking your own money. When using a bonus bet, only the winnings are credited to your cash balance; the stake is not included. Bonus bets cannot be withdrawn and typically expire within seven days. 

4. How can I apply a bonus bet to my wager?

To use a bonus bet:

1. Log in to your DraftKings account.

2. Add a selection to your bet slip.

3. In the bet slip, locate the "Apply Reward" section.

4. Select the available bonus bet token.

5. Place your bet.

Ensure the bonus bet is applied before submitting your wager. 

5. What is the current DraftKings welcome bonus?

As of June 2025, new users can claim a "Bet $5, Get $300 in Bonus Bets" offer. Additionally, a $50 bonus bet is awarded upon first deposit. These promotions are accessible without a promo code when signing up through designated links. 

6. Can I split a bonus bet into multiple wagers?

No, each bonus bet must be used in its entirety on a single wager. Bonus bets cannot be divided across multiple bets or combined with other promotions. 

7. Do bonus bets count towards winnings?

No, the value of the bonus bet is not included in your winnings. For example, if you place a $10 bonus bet on a +200 line and win, you will receive $20 in winnings; the $10 stake is not returned. 

8. Are there any restrictions on using bonus bets?

Yes, bonus bets cannot be used on certain bet types, such as teasers, and may have minimum odds requirements. They also cannot be withdrawn and typically expire within a specified period, often seven days. 

9. Is there a limit to how many bonus bets I can earn?

While there is no universal limit, the number of bonus bets you can earn depends on the specific promotions and their terms. Always review the conditions of each offer to understand eligibility and limitations.

10. How do I maximize the value of DraftKings promotions?

To get the most out of DraftKings promotions:

• Sign up through official links to ensure eligibility.

• Place qualifying bets that meet the minimum odds requirements.

• Use bonus bets strategically on wagers with favorable odds.

• Keep track of expiration dates to use bonuses before they lapse.