EatWatchBet Logo

DraftKings Promo Code: Get $150 in Bonus Bets Instantly this March

Chris Lollis
Written by:
Last Updated: March 13th, 2024

Our exclusive DraftKings promo code is attached to the best bonus offers available as we get into the thick of the NBA and NHL regular seasons. New DraftKings sportsbook players can take advantage of our current promotion to receive $150 in bonus bets with any $5+ wager!

DraftKings Sportsbook Promotions
Bet $5, Get $150
In Bonus Bets - Win or Lose
21+ to wager. Gambling Problem? Call 1-800-Gambler

Our top-rated DraftKings Casino promo code offer includes a 100% deposit bonus worth up to $100. DraftKings Casino is currently available in Michigan, New Jersey, Pennsylvania, and West Virginia.

DraftKings Casino Promotions
100% Deposit Bonus
Up to a $100 Bonus
21+ to wager. Gambling Problem? Call 1-800-Gambler

New DraftKings Fantasy players can receive up to a $500 deposit match and a bonus entry with their current welcome offer. Use your bonus funds to compete in any NBA or NHL contest and take a shot at the top prize.

DraftKings Fantasy Promotions
$500 Deposit Bonus
Plus $4 NBA Contest Entry
18+ In most eligible states, Pick6 not available in all states. Play responsibly. Gambling problem? Call 1-800-GAMBLER or 877-8-HOPENY / text HOPENY (467369) (NY). 

DraftKings Promotions: Quick Facts

  • New sportsbook players can get a Bet $5, Get $150 in Bonus Bets, win or lose.
  • All customers can get an All Sport Same Game Parlay Insurance.
  • Bonus bets expire 7 days (168 hours) after they are awarded.
  • Minimum odds requirements apply, review offer terms and conditions before depositing.
  • This promotion expires on March 31, 2024.

Details for the Current DraftKings Bonus Offers

Our top-rated DraftKings promo code offer provides every new player with a Bet $5, Get $150 in Bonus Bets deal.

This offer is valid across all sports. This means you can lock in your bonus with any CBB, PGA, NBA, PGA, or UFC wager. Please find the details for each of our DraftKings promo code offers in the table below. We update these offers daily to ensure that our readers find the latest and greatest DraftKings promotions.

🏈 SportsBook Promo CodeNo Code Needed - Follow Link for Offer
🤑 SportsBook OfferBet $5, Get $150 in Bonus Bets Instantly
🏈 DFS Promo CodeNo Code Needed
🆓 DFS Offer$500 Deposit Match + $4 NBA Entry
🎰 Casino Promo CodeNo Code Needed
💸 Casino Offer$100 Deposit Bonus
🔎 DetailsRollover required. Must be 21+ years of age.
✔️ Last VerifiedMarch 18, 2024

DraftKings Sportsbook NBA Season Offers

DraftKings Sportsbook has some of the best promo code offers in the U.S. sports betting industry, including a Bet $5, Get $150 in Bonus Bets promo and SGP Parlay Insurance.

With the NBA and NHL seasons in full swing, we are certain to see great bonus offers for both new and current DraftKings players over the next few months. At the moment, new players have multiple offers to choose from, and current players can enjoy improved payouts for a number of popular NBA, NHL, or CBB wagers.

Find the details for each of our DraftKings Sportsbook bonus offers below.

Bet $5, Get $150 in Bonus Bets INSTANTLY

Our standard DraftKings promo code will always provide new players with a Bet $5, Get $150 in Bonus Bets deal. With this promotion, new players can get $150 in Bonus Bets loaded into their accounts if their first wager wins or loses.

It is important to note that this promotion pays out DK Dollars that must meet rollover requirements before they turn into actual site credit. This means that you will receive $1 in site credit for every $25 in DK Dollars that you wager.

The terms and conditions for DraftKings deposit match offers are straightforward compared to the other promotions available on both the sportsbook and fantasy apps this March. You can receive the deposit bonus if you are a first-time player and make the minimum deposit requirement.

Same Game Parlay Insurance

DraftKings is one of the top sportsbooks in the market for Same Game Parlays! For a limited time, all customers can get a Parlay Insurance Token to use at their convenience.

With this type of promotion, folks can place a Same Game Parlay and if one leg loses, they'll get their stake back in the form of bonus bets. One thing to keep in mind is that each leg of your SGP must be at least -300 odds or longer (For example: -200 would qualify but -350 would not).

View this promotion's complete terms and conditions for a complete breakdown of who qualifies and how the offer works. Be sure to check this page often, as we update our promotions and the terms for each promotion daily.

Feature DraftKings Odds Boosts for Monday, March 18

DraftKings Sportsbook runs a wide variety of odds boosts for every week of sports action, and this week is no exception. Here are our favorite odds boosts:

Darius Garland Over 3.5 Made 3s: +135
Myles Turner Under 7.5 Rebounds: +100
New Sportsbook Promotions and Boosts

Sportsbook Promotions for the 2023-24 NBA Season

With the NBA season officially underway, it should come as no surprise that DraftKings has some great new promotions available to all players (current and new). These offers are focused on helping you build a bankroll while betting on the sports and teams you love.

Most of the offers featured below are available in the DraftKings app. Simply visit the 'Promotions' page for a complete rundown of the offers available for the NBA slate of games.

Odds Boost Promos at DraftKings Sportsbook

In addition to our current DraftKings promo code offer, the sportsbook features daily odds boost promotions that help you win more on the bets you love. These offers will include odds boosts for popular parlays, including player props and team spreads and totals. These odds boosts can increase the amount you win by as much as +200 on a single wager!

Same Game Parlay Profit Boost Offers

In addition to the nightly odds boost promotions, DraftKings offers profit boost opportunities on same game parlays every night of the NHL and NBA seasons. With this promotion, get up to a 100% profit boost when you place any same game parlay!

DraftKings iOS App Screenshots
DraftKings iOS App Screenshots

How to Bet with DraftKings Sportsbook

With an intuitive website and app design, getting started with DraftKings Sportsbook is straightforward. Follow the four steps found below to register at DraftKings Sportsbook using our exclusive promo code offer:

1. Download the DraftKings App or Visit the Website

One of the best features of DraftKings is how easy it is to sign up and place your first wager. The user experience is near perfect whether you use the website or app or are an Apple or Android user.

2. Use Our DraftKings Promo Code

Our team works directly with DraftKings to ensure that our promo codes are permanently attached to their best available offer. DraftKings will occasionally run a special offer for a big event; these are always listed at the top of this page.

3. Make a Minimum Deposit of $5 or More

The current promo code offer requires you to deposit at least $5 to receive your bonus cash. You can fund your account using a credit or debit card, checking account, PayPal, or Venmo.

4. Place a Wager

Any fixed-odds wager (spread, total, moneyline) will qualify as the bet required to get your No Sweat First Bet. Note that this offer is limited to an NBA or CBB wager. If your first bet loses, you will get bonus bets loaded into your account to cover the loss. That's pretty sweet!

Betting Options Available with DraftKings

Once your new DraftKings account is verified and funded, you are ready to start betting. DraftKings offers sports bettors more ways to play than any other online sportsbook. Here are just some of the ways you can bet on the DraftKings app:

  • Classic Betting Markets - Bet the side, total, or moneyline for most pro leagues, college sports, international leagues, and even eSports.
  • Futures Betting Markets - With futures bets, you are placing a wager on the outcome of a season rather than a single game. For example, you can wager on a college football team to win the National Championship or on an individual player to win the Heisman.
  • Player Props - With this type of bet, you wager on a player to go over or under a given stat line. For example, will Patrick Mahomes go over or under 290 passing yards this week?
  • Live Betting - While most online sportsbooks offer some form of live betting, few offer the quality experience you will find at DraftKings Sportsbook. With live betting available on most games, quick-loading odds, and a mobile app that makes it easy to get in on the action, DraftKings has nailed this feature.
  • Same Game Parlays - This type of bet allows you to create a parlay using multiple wagers from the same game. Same Game Parlays were not available in the online sports betting industry until last football season but have quickly become one of the more popular types of wagers on the market.

DraftKings makes it easy to find and add each of these types of wagers to your bet slip. You can create a same game parlay by clicking on any game in the online sportsbook and choosing the same game parlay option.

Where is DraftKings Sportsbook Legal in 2024
DraftKings Sportsbook is now legal in 24 U.S. states, Washington D.C., and Ontario

Where is DraftKings Sportsbook Legal?

DraftKings Sportsbook now offers legal online sports betting in 24 states. This includes Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, and Wyoming.

In addition to the 22 states where DraftKings offers online sports betting, they offer retail sports betting in Washington and Mississippi. Bettors in these two states can wager at a brick-and-mortar DraftKings sportsbook but are not able to bet online or in the DraftKings app.

What Will DraftKings Sportsbook Launch Next?

Vermont sports betting went live on January 11, 2024, and DraftKings was among the first sportsbooks to launch in the Green Mountain State.

Beyond 2024, online sports betting will begin in North Carolina by April 2024. Given the size of the market, DraftKings will almost certainly be one of the first operators that launches in the state.

Do DraftKings Sportsbook Bonus Offers Vary by State?

While DraftKings will occasionally offer different promotions for different states, as of this March, the Bet $5, Get $150 in Bonus Bets promo code offer is the top offer for every state where DraftKings operates.

We typically see the best DraftKings promotions when new states officially legalize sports betting. The sportsbook will run an enhanced welcome offer to attract new players in these markets.

Compare Bonus Offers

With the popularity of sports betting at an all-time high, there is no shortage of sportsbooks and sportsbook promotions for bettors to choose from. The current DraftKings promotion is great, but how does it compare to other popular sportsbooks?

Compare the current DraftKings Sportsbook offer to the promotions available at FanDuel, BetMGM, and ESPN Bet in the table found below.

Compare DraftKings Bonus Offer
DraftKings Bonus Offer
Compare FanDuel Promo
FanDuel Bonus Offer
Compare BetMGM Promo
BetMGM Bonus Offer
Compare ESPN Bet Promo
ESPN Bet Bonus Offer
Bet $5, Get $150 in Bonus Bets INSTANTLYBet $5, Get $200 in Bonus BetsUp to $1,500 in Bonus Bets Back if Your First Bet LosesBet $1+, Get $100 in Bonus Bets
PLUS Get daily SGP credits.Get (8) $25 bonus bets IF your team wins.Get Your First Bet Returned in Bonus Bets if it LosesGet a $100 bonus with your first real money wager, win or lose.
5 out of 5
EatWatchBet Rating
4.9 out of 5
EatWatchBet Rating
4.8 out of 5
EatWatchBet Rating
4.5 out of 5
EatWatchBet Rating

Terms and conditions apply. 21+ to wager. Gambling problem? Call 1-800-GAMBLER.

DraftKings Fantasy $500 Deposit Bonus
New DFS players can get a $500 deposit bonus at DraftKings

DraftKings Fantasy Bonus Offer

If you live in a state that does not currently offer legal sports gambling, DraftKings still has a way to get into the action. Compete in Daily Fantasy Sports on DraftKings for a chance to win millions in prizes. New players can enter an NBA or NHL contest for free using our exclusive DraftKings Fantasy promo code.

We recommend that new players shop around to find the top available daily fantasy sports promotions before deciding which app they sign up for. The current DraftKings DFS promo code offer is our top-rated bonus from a traditional salary cap app, while the $100 bonus from Underdog is our top-rated offer from a prop betting app.

New DFS players that register using our DraftKings promo code and link will receive a 20% deposit bonus and free Millionaire entry ($5 value).

DraftKings Fantasy Promotions

Free Contest Entry

Up to a $500 Deposit Bonus

Must be 18+ (19+ in AL and NE, 21+ in AZ, IA, LA, and MA) and present in a state where DraftKings Fantasy operates. Concerned with your play? Call 1-800-GAMBLER or visit www.ncpgambling.org.

DraftKings DFS Promo Contests for March

With a number of weekly promo contests and freerolls, DraftKings offers more ways for players to win than any other DFS app. DraftKings will run several different NBA and NHL contests throughout the rest of those respective seasons.

Here are a few of our favorite DraftKings Fantasy contests available in the lobby today:

Weekly NBA Freerolls

DraftKings partners with different companies to offer free contests throughout the NBA season. All current DraftKings players are eligible to enter these contests and take their shot at the cash prizes. There are several freerolls available for each week of the NBA season.

DraftKings Refer-A-Friend Promo

Refer a friend to DraftKings and get $20 DK Dollars! Your link is available in the DraftKings app and can be copied and shared with one click. If a friend signs up through your referral link, DraftKings will reward you and your friend with $20 DK Dollars.

Use the DK Dollars you earn to enter contests; if you win those contests, that money is yours to keep.

Note: This promotion will only work if your friend is a first-time depositor at DraftKings.

Get $100 in No Stress Entries with New Pick6 Games

DraftKings introduced its newest DFS game, Pick6, in January 2024. Pick6 will compete directly with popular pick'em DFS apps like PrizePicks and Vivid Picks.

Pick6 allows players to predict whether a player will finish a game higher or lower than a given stat line. The more picks you get correct, the higher the payout.

New DraftKings Fantasy players can get up to $100 in no-stress picks when they sign up using our promo code. With this offer, DraftKings will credit back any losses you incur over the course of your first 6 picks, up to $100.

DraftKings Casino Bonus Offers
DraftKings Casino Promo Code Offer: Get a $100 Deposit Bonus

DraftKings Casino: $100 Bonus Offer

Not only is DraftKings the leader in sports betting and daily fantasy sports, but their online casino is widely considered one of the best on the market. The DraftKings Casino app is available in Michigan, New Jersey, Pennsylvania, and West Virginia.

New casino players in these four states can sign up using our DraftKings Casino promo code to choose their bonus.

For players with larger bankrolls, DraftKings offers a 100% deposit bonus, worth up to $100. This promotion pays out an instant bonus of up to $100 with your first deposit.

As good as the sports betting and daily fantasy offers were, the casino promotion has to be DraftKings' top offer. Bettors love rollover-free offers, so offering a $100 casino credit is something new players will love.

How the Choose Your Bonus Feature Works

DraftKings Casino recently adjusted its promo code offer to include a 'choose your bonus' feature. This allows new casino players to choose between two different bonus offers, each with its own set of benefits.

$100 Instant Bonus Offer - The $100 instant bonus promotion includes an instant payout with any $5 in real money wager. However, the bonus funds are subject to a higher rollover requirement. Your initial deposit and bonus must be played through a minimum of 15 times before the bonus can be withdrawn

$2,000 in Deposit Bonus Funds - The $2,000 in deposit bonus funds includes a higher total bonus but comes with a higher playthrough requirement. This is a great promotion for anyone who wants to test the DraftKings Casino app without risking their deposit.


Top 4 Features Available on the DraftKings Casino App

We provide hands-on reviews of every casino app available and grasp what new casino players look for when they choose where to play. Our review process tests every app feature and compares those features with what is available at other online casinos. Here are our four favorite features of the DraftKings online casino:

Progressive Jackpots!

Did you know that DraftKings Casino has already paid out over $10 million in progressive jackpot winnings in 2024? A progressive jackpot grows the more a game is played, and while these jackpots can be huge at retail casinos, they are even bigger at an online casino like DraftKings.

DraftKings offers progressive jackpots on slots, blackjack, and roulette. Even better? They offer a demo version where you can test all of the different progressive jackpot games for free.

With progressive jackpots from DraftKings, you never know when you are going to be a massive winner. The jackpots occur randomly, anyone playing on the DraftKings app is eligible, and each jackpot can be worth over $1 million!

DraftKings Progressive Jackpot Promotions
Progressive Jackpots Now Available at DraftKings Casino

Variety of Casino Games Available at DraftKings

The first thing we check when reviewing any online casino is the variety of games available. Typical casino games include table games, live dealer games, and one of the largest selections of slots available.

DraftKings understands that their customers play casino games that they are familiar with and want to be able to find them both on the website and in the mobile app. Whether you want to play live blackjack or Buffalo Gold slots, DraftKings offers the games you love.

The Quality of the DraftKings Casino App

Undoubtedly, the app review is one aspect of our reviews that sinks most casino operators. Most casinos offer retail gambling first and foremost and are technology companies out of necessity. With both FanDuel and DraftKings, the technology always comes first and shows when you test out their mobile app.

The DraftKings Casino app is light years ahead of most other online casinos. There is no drop in the betting experience moving from a laptop computer to a mobile phone.

Generous Bonus Code Offers

New players expect a bonus when they sign up at any online casino, but not all casino bonus offers are created equal. Sign up using our DraftKings promo code to double your first deposit and receive up to $2,500 in casino credits.

What is important here is the reputation that DraftKings has built as a company that consistently offers the industry's top bonuses. As a result, you will always get an industry-leading bonus, even if you miss this offer.

DraftKings Promotions Pros and Cons
New players will find more pros than cons in the DraftKings app

Current DraftKings Bonus Offer: Pros and Cons

DraftKings Sportsbook offers one of the most popular betting apps available, but is it the right app for you? As with every app, DraftKings has certain things it does well and areas it could improve. We cover some pros and cons worth considering before signing up and making your first deposit in the section found below.

Pros of the Current DraftKings Offer

  • With a maximum bonus of $2,650 across three apps, DraftKings offers the largest welcome bonuses in the industry.
  • Bonus money is immediately available when you sign up with our DraftKings Sportsbook promo code.
  • The DraftKings mobile app is one of the highest-rated in the App Store and Google Play Store.
  • DraftKings offers more ways to bet online than any online sportsbook. This includes live betting, same game parlays, and a wide variety of player prop options.

Cons of the Current DraftKings Offer

  • Odds boosts from DraftKings typically pay out bonus bets and not site credit.
  • While other daily fantasy sports apps offer a 100% bonus, DraftKings only matches 20% of your initial deposit.
  • Deposit bonus offers require a higher minimum deposit than odds boost promotions.
 

As the biggest name in U.S. sports betting, DraftKings is one of the strongest sportsbook apps available. They offer massive promotions, a wide variety of betting options, and a great overall betting experience.

While there are pros and cons for any sportsbook, the pros dramatically outweigh the cons with DraftKings. As of March 2024, they are our #1 rated sports betting app in the U.S.

Frequently Asked Questions

DraftKings is one of the fastest-growing sportsbooks in the U.S. sports betting market. They offer some of the top new player promotions in the industry, which change frequently based on the season and upcoming betting events.

Below are answers to frequently asked questions regarding DraftKings and their current promo code offers. We keep these updated with the latest terms and conditions for whatever our featured DraftKings promotion is.

Is DraftKings Sportsbook legal in the United States?

DraftKings Sportsbook offers legal online sports betting in 24 U.S. states. They also offer retail-only sports betting in Washington and Mississippi.

What US states is DraftKings currently licensed in?

DraftKings offers legal online sports betting in the following states: AZ, CO, CT, LA, IL, IN, IA, KS, KY, MA, MI, MD, NH, NJ, NY, OH, OR, PA, TN, VT, VA, VT, WV, and WY. In addition to these 24 markets, DraftKings will launch in North Carolina sometime during spring of 2024.

Where is DraftKings Casino legal?

DraftKings Casino is legal in Michigan, New Jersey, Pennsylvania, West Virginia, and Ontario. They offer legal casino games through their website and mobile app in these markets. You must be 21+ years of age to legally wager with DraftKings Casino.

What is the best promo code for DraftKings Sportsbook?

New online sportsbook players can guarantee they receive the best available bonus by using our exclusive DraftKings promo code. This offer is verified to be the top promotion for March and includes a Bet $5, Get $150 in Bonus Bets deal.

What is the best promo code for DraftKings Fantasy?

The promo code is attached to a free Millionaire entry and a 20% deposit bonus (up to $500). This promotion is the top offer on the DraftKings Fantasy app and the largest bonus offer from a daily fantasy sports site. DraftKings runs week millionaire contests with a top prize of $1 million or more!

What is the best promo code for DraftKings Casino?

As of March 2024, the best casino promotions includes a $100 deposit match or up to $2,000 in deposit bonus funds. New players should use the promo code to receive this offer. Note that all bonus funds must be used in the app before being withdrawn.

Do you need a promo code to sign up at DraftKings?

While you don't need a DraftKings promo code to sign up, the current promotions are the closest you will find to getting free cash from an online sportsbook or daily fantasy app. We recommend taking advantage of these offers and getting a jump start on building your bankroll.

Will there be new DraftKings promo codes for the NBA Playoffs?

It's possible! DraftKings frequently announces new promotions and bonus opportunities. The current Bet $5, Get $150 in Bonus Bets deal is only guaranteed to run through the NBA regular season.

What customer support options does DraftKings have?

DraftKings has plenty of customer support options to assist players with issues or questions. Whether you prefer email, chat, or call for support, plenty of options are available through the DraftKings Help Center. In our experience, the fastest way to get help with any issue is through the live chat option.

Does FanDuel or DraftKings have a better promo code offer this March?

Both FanDuel and DraftKings run great promotions that update constantly. The DraftKings promo code offers are typically more aggressive, with a higher odds boost and a larger total bonus. The current FanDuel offer is a Bet $5 Get $200 deal if your bet wins, while the DraftKings offer includes a Bet $5, Get 150 in Bonus Bets deal whether your bet wins or loses. In our opinion, bonus bets offer an easier way to build your bankroll with minimal risk.

Does DraftKings have an app for its sportsbook product?

Yes, DraftKings has a mobile app for its sportsbook, DFS, and casino products. The DraftKings sportsbook app is the top-rated legal sports betting app in both the App Store and Google Play Store. The DFS and Casino apps both have a 4.8+ star rating for both Apple and Android devices.

How does the free DFS entry bonus offer work?

Our current DraftKings DFS promotion provides all new players with a free entry into any NBA contest. These contests have total prizes that top $2 million and top prizes of $1 million. Be sure to use our bonus code to receive your free entry when you sign up in the app.

How does the $1,000 deposit bonus offer work at DraftKings?

Among our featured DraftKings Sportsbook promotions is a $1,000 deposit bonus. Register using the promo code to lock in this offer. Once you make your initial deposit, DraftKings will provide you with a 100% match. These bonus funds must be used in the app before they can be withdrawn.

Does DraftKings have a no deposit bonus offer?

DraftKings Sportsbook does not have a no-deposit bonus offer, however, DraftKings Casino offers a $50 no deposit bonus to new players. You must be in Michigan, New Jersey, Pennsylvania, or West Virginia to claim this offer.

What is the minimum age to bet on DraftKings?

The minimum age to bet with either DraftKings Sportsbook or DraftKings Casino is 21. Your age will be verified before you are able to make a deposit and place a wager. DFS players must be at least 18 years old.

Can I play for free on DraftKings?

Yes, there are several free-to-play contests available for both sportsbook and fantasy players. All you need to do to enter these contests is register. No deposit is required to compete in free games; they are a great way to test the app. For new DraftKings sportsbook and casino users, you can get a free bet just for signing up this March.

What deposit methods are available on the DraftKings website?

DraftKings allows players to make their first deposit in several ways, including Visa, MasterCard, checking account, PayPal, and Venmo. Withdrawals occur on the website or mobile app using these same methods.

Is my money safe with DraftKings?

Your money is always safe with any licensed sportsbook, including DraftKings. The company has been in business since 2012 and is one of the world's largest online sportsbooks and DFS operators.

What should I do if I or someone I know has a gambling problem?

DraftKings offers plenty of resources to help fight gambling addiction. You can set daily limits or opt out of your account at any time. Additional help is available at 1-800-GAMBLER or by visiting 1800GAMBLER.net.

21+ to wager. Please Gamble Responsibly. Gambling problem? Call 1-800-GAMBLER. Call 1-800-NEXT-STEP (AZ), 1-877-770-7867(CO), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-9-WITH-IT (IN), 1-877-770-STOP (7867) (LA), Call 1-800-327-5050 (MA), Call 1-800-GAMBLER or visit mdgamblinghelp.org (MD), 1-800-270-7117 for confidential help (MI). Call 877-8-HOPENY or text HOPENY (467369) (NY), 1-888-532-3500 (VA).

Chris Lollis

Chris Lollis is a sports betting expert that has covered the industry for more than a decade. Over that time he has covered everything from the repeal of PASPA to the state-by-state legislative changes. Chris serves as the Head of Content at EatWatchBet, and is responsible for tracking latest news and updates from every U.S. sportsbook.

EatWatchBet