There’s no better way to gear up for playoff football than with DraftKings’ Sportsbook promo code, allowing new users to turn $5 into $200.

This promotion encompasses the College Football Playoff and the NFL’s postseason push.

DraftKings Welcome Offer and Promo Code

This DraftKings promo code carries through Monday, Jan. 10, the night of the CFP national championship game. It’s a perfect way for new sports bettors to win big.

From now through Jan. 10, first-time customers at DraftKings who place a $5 moneyline wager on any NCAA football, NFL, or NBA game will win $200 in free bets if the wager is successful.

You must be 21 or older and located in Arizona, Colorado, Connecticut, Iowa, Illinois, Indiana, Michigan, New Jersey, Pennsylvania, Tennessee, Virginia, Wyoming, or West Virginia to qualify.

How To Use the DraftKings Sportsbook Promo Code

Get a Deposit Bonus Up to $1,000!
Must be 21+ to participate. Terms and conditions apply

Given that new registrants are the only sports bettors eligible for this offer, you’ll need to start the process by making a DraftKings Sportsbook account. On the DraftKings website, the “Bet $5, Win $200” panel is centrally located at the top of the screen, and you can click the “Sign Up” button to register.

One stipulation of this DraftKings promo code is that you must deposit at least $5 into your account, so be sure to do that after providing the necessary personal info. Once that’s finished, the only thing left to do is place your moneyline wager.

Choose wisely when you’re looking over the NFL, NBA, and NCAA football markets. You need your moneyline bet to win in order for you to win the $200 in free bets. Both CFP semifinal matchups have teams that are pretty heavily favored, with Alabama (-525) facing Cincinnati. Georgia (-305) is also a heavy frontrunner against Michigan, even though the Wolverines are the higher seed.

Putting $5 on Alabama would only net $5.95 if the Crimson Tide win, but more importantly, you’d win $200 in free bets. The bonus is paid out as eight free bets worth $25 apiece, and those bets are valid for seven days after they’re received. Newcomers will only have one qualifying bet for this offer, so if you place multiple applicable wagers in the promotion window, only the first one will be eligible for the free bet bonus.

How DraftKings Promo Code Free Bets Work

DraftKings Welcome Offer and Promo Code

Free bets are sums of site credit that can be used to wager on sports in the same way as real money. The difference is that free bets cannot be redeemed for cash, nor can they be transferred or refunded. And wagers made with free bets are not eligible to be cashed out early.

If you have a $25 free bet available right now, you could use it on a game in Sunday’s NFL slate. The Bengals, who lead the way in the AFC North and are coming off a huge offensive performance, are 5.5-point underdogs at home against the Chiefs. A $25 free bet on the Bengals to cover that spread will net $22.73 in real money if they pull it off.

DraftKings Promo Code Deposit Bonus Offer Included

Get a Deposit Bonus Up to $1,000!
Must be 21+ to participate. Terms and conditions apply

For new users who are going to take advantage of the “Bet $5, Win $200” offer, keep in mind that your initial deposit will include a 20% bonus from DraftKings Sportsbook.

The minimum deposit that’s required is $5, which would yield a $1 bonus. You can max out the bonus at $1,000 (by depositing $5,000) or pick some deposit value in between.

For the bonus funds that come with the initial deposit, users must adhere to a 25X play-through requirement. That means $1 of bonus funds is added to the user’s account for every $25 in real money wagered. You’ll have up to 90 days to unlock your full bonus from the day of the first deposit.

To find more information about online sports betting, you can check our DraftKings Sportsbook and New York sports betting reviews.

To find more information mobile sports betting and online casino bonuses, you can check our Ontario sports betting and Ontario online casino bonus codes reviews.