You don't actually need a DraftKings promo code to unlock their latest sportsbook promo. All new users who bet just $5 will receive $200 in bonus bets, win or lose.
With the NBA Playoffs in full swing and about to shift into the second round, now's a great time to take advantage of this promotion. We'll break down the how and the what below.
Bet $5, Get $200
How the DraftKings 'Bet $5, Get $200' offer works for the NBA Playoffs
New users can take advantage of DraftKings’ “Bet $5, Get $200” offer without entering a DraftKings promo code. Sign up for an account, deposit $5, and make a qualifying wager of $5 or more on the NBA Playoffs — or another market of your choosing. Win or lose, you'll receive eight $25 bonus bets.
This offer is only available to first-time users. Bonus bets can not be withdrawn and expire seven days after receipt. Winnings from bonus bets will not include the stake itself. For example, if you place a $25 bonus bet on the Cavaliers' Game 1 moneyline at +100 and it wins, you’ll receive $25—but not the $25 stake on top of it.
If your qualifying $5 bet wins, you keep those winnings just like a standard cash wager AND the $200 in bonus bets. This removes the risk of walking away empty-handed after your first bet.
Offer available to first-time customers in the following states: AZ, CO, CT, DC (18+), IA, IL, IN, KS, KY (18+), LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT WY (18+), WV . Not available to residents of Ontario, CA.
✅ How to claim $200 bonus bets without using a DraftKings promo code
Getting your DraftKings welcome bonus is simple!
- Register a new account using the DraftKings Sportsbook app or website — no DraftKings promo code is required.
- Deposit at least $5 using any supported payment method.
- Place a $5 — or more — bet on any market for the NBA Playoffs.
- Win or lose, DraftKings will issue $200 in bonus bets.
⚠️ Use your bonus bets within seven days, and remember — these bets do not return the stake with winnings.
➡️ For more information, consult our comprehensive DraftKings Sportsbook review for an in-depth look at features, markets, and more.
Sportsbook promos comparison
Choosing the right sportsbook promos for you is easy with Covers. We compare all the best offers for legal sports betting sites in your area.
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|---|---|---|---|
| Current Bonus | Bet $5, Get $200, Instantly | Bet $5, Get $200, If Your Bet Wins | $1,500 Bonus Bets Back |
| Promo Code | None Required | None Required | CVRBONUS1500 |
| Bonus Type | Bet & Get | Bet & Get | Second Chance Bet |
| Bonus Amount | $200 Bonus Bets | $200 Bonus Bets | One (< $50) or five (> $50) bonus bets |
| Wagering Period | Seven Days | Fourteen Days | Seven Days |
| Min. Deposit | $5 | $5 | $10 |
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