Use DraftKings promo code, bet $5 on Memorial Day Weekend, get $300 in bonus bets if you win
Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) handles the ball in front of his cousin Minnesota Timberwolves guard Nickeil Alexander-Walker (9) during the second half of Game 1 of an NBA basketball Western Conference Finals playoff series Tuesday, May 20, 2025, in Oklahoma City.AP Photo/Nate Billings
Memorial Day Weekend marks the unofficial start of summer, so there’s plenty going on in the sports world to celebrate. New users can earn $300 in bonus bets if their first $5 wager wins with the new DraftKings promo code. No actual code is required to claim the offer.
New users can use this promotion to bet on the Indy 500, which takes place this weekend. Of course, we have the NHL & NBA playoffs as well as the MLB regular season, which now officially begins to heat up as the summer approaches.
DraftKings promo code at a glance
🎁 DraftKings promo code | No code required |
---|---|
💰 DraftKings welcome offer for new users | Bet $5 and get $300 in bonus bets, if you win |
💵 DraftKings promo code minimum deposit | $5 |
📝 DraftKings promo code terms and conditions | Place a $5 bet on any betting market and get $300 in bonus bets if your qualifying wager wins.
Bonus bets are issued as twelve (12) $25 bonus bets. Bonus bets cannot be withdrawn or transferred and expire after seven days (168 hours). Bonus bets pay out only the winnings if they win, not the original stake. |
✅ Last verified | May 23, 2025 |
How to claim DraftKings promo code
A major factor contributing to the popularity of DraftKings is their generous sign-up bonus and the easy process of redeeming the DraftKings promo code. To claim $300 in bonus wagers, just follow these simple instructions:
- Click any DraftKings link or banner found on this page to navigate to the registration page.
- Select your state from the dropdown menu.
- Fill out the necessary personal information to open your account and complete identity verification.
- Install the DraftKings app on your smartphone to manage your bets wherever you are.
- Fund your new account with a minimum deposit of $5 through available payment methods like online banking or PayPal.
- Place your initial wager on any event or market, making sure it is at least $5.
You’ll earn $300 in bonus bets only if your first wager is a winner. If your opening bet loses, no bonus credits will be granted. There are no restrictions on the odds for your first bet, so feel free to choose a big favorite to boost your chances of qualifying for the bonus.
The bonus amount is divided into twelve $25 bet credits, which will be deposited into your account within three days after your initial win. These bonus bets expire if not used within seven days after they appear in your account.
DraftKings existing user promos
The DraftKings promo code unlocks one of the most rewarding sign-up bonuses available in the market, and that’s only the start. They also put a strong focus on their current players by rolling out daily promotions. Once you’re registered, you’ll gain access to daily specials designed to boost your chances of winning. Below are a few examples of the daily promos you can enjoy:
- Profit Boosts: Boost your single wagers, parlays and SGPs by a set percentage. If you were originally going to win $10 on a bet, and then apply a 50% profit boost token, your wager will now win $15.
- MLB King of the Diamond: Pick a player to hit a home run for the highest scoring team of the day and split $1,000,000 in bonus bets with other successful entries.
How to use your DraftKings promo code on Memorial Day Weekend
With this latest iteration of the DraftKings sign-up promo, users must place and win a $5 bet in order to unlock $300 worth of bonus bets. There are no minimum odds requirements on a user’s first wager, so the highest probability of unlocking the bonus bets comes with betting on massive favorites. Some potential options for this weekend include:
- Shai Gilgeous-Alexander to score 20+ points (-2500)
- Florida Panthers over 0.5 goals (-3500)
- Philadelphia Phillies over 0.5 runs (-10000)
You can bet any of these lines, and there’s a very good chance you will win your first bet. Then you will receive 12 separate $25 bonus bet credits. You can use those credits to bet on the NHL, NBA, MLB, soccer, Indy 500, or anything else taking place on Memorial Day weekend.