DraftKings has a new welcome bonus for users in select states, providing new signups with a Bet $50, Get $300 promo.
The eligible states include IA, IL, LA, MI, NC, NJ, OH, PA, VT, and WY. Users in CT, NY, and MA will be entitled to the Bet $5, Get $150 offer.
Securing this offer is an easy process with no promo code required. You won’t want to miss out on a great opportunity to build your bankroll at DraftKings.
On this page, I will provide a full breakdown of the DraftKings Bet $50, Get $300 offer.
DraftKings $300 Promo Code
New users in eligible states can secure up to $300 in guaranteed bonus bets when they sign up at DraftKings Sportsbook.
Make sure to take advantage of one of the best sportsbook promos in the industry, providing you with instant bonus bets where any associated winnings can be immediately withdrawn.
All you need to do is create an account, bet $50 on any market, and you’ll receive $300 in bonus bets!
How to Get the DraftKings $300 Promo
- Click the “Get Bonus" link on this page to get to DraftKings.
- Sign up for a new account.
- Think of a secure username and password.
- Include your personal information.
- Now, you’re ready to make your first deposit.
Read on for the DraftKings terms and conditions.
You can make deposits at DraftKings using the following options:
- Apple Pay
- Bank Wire Transfer
- Cash at Cage
- Cash at Retail Stores
- Credit Card
- Debit Card
- DraftKings Gift Card
- Electronic Gift Card
- Online Banking
- PayPal
- Play+ Prepaid Card
- Venmo
- VIP Preferred
Terms & Conditions
- Only for new users in IA, IL, LA, MI, NC, NJ, OH, PA, VT, and WY.
- Players in CT, MA, and NY will still have the DraftKings Bet $5, Get $150 offer.
- Make a minimum deposit of $5.
- Place a $50 bet on any market.
- Win or lose, you will get $300 in bonus bets.
- The bonus will be provided 72 hours after your qualifying wager is settled.
- You must use your bonus within seven days or it will expire.
How the DraftKings Bet $50, Get $300 Promo Works
The DraftKings Bet $50, Get $300 is an open-ended promo that you can approach in different ways, as follows:
- Bet $5, Get $150
- Bet $10, Get $200
- Bet $50, Get $300
It’s important to note that you have one qualifying wager, so you have to decide whether or not you’re going to max out this promo and get $300 in bonus bets.
In other words, before making your first bet at DraftKings, determine if you’re going for $150, $200, or $300 in bonuses.
Once your qualifying wager is settled, you will receive your bonus bets, which are provided in fixed bet tokens that cannot be broken down into smaller wagers.
Why I Like the DraftKings Bet $50 Get $300 Promo
Though you can get the DraftKings Bet $10, Get $200 promo, I really enjoyed the Bet $50, Get $300 promo for these reasons:
- You have options to choose either Bet $5 Get $150 / Bet $10 Get $200 / Bet $50 Get $300.
- The bonus is provided as multiple bet tokens rather than one lump sum.
- You can use your qualifying wager and bonus bets on any market.
The Best Way to Use the DraftKings $300 Promo
The best way to use the DraftKings $300 promo is to first max out the offer. Place your $50 qualifying wager to ensure that you get $300 in bonus bets.
It’s a great way to build your bankroll, so you want to take full advantage of this welcome promo.
The next step is to play it safe with your $50 qualifying wager. Since $50 is on the higher end of Bet and Get offers (usually set at $5-$10), you want to take a conservative approach.
Target the sport you feel most comfortable with and look for your favorite player prop, since these are easier to win than spreads, moneylines, or totals.
Once you get your $300 in bonuses, you can continue to play it safe rather than shoot for the moon on a longshot parlay.
Parlays have a lower win probability, so stick to straight bets to convert your bonus funds into cash.
I like to target pitchers in MLB, looking at strikeouts, walks, hits allowed, or earned runs. Check the pitcher’s overall stats and recent performance compared to opposing team’s numbers vs righties or lefties.
Use these steps and you will have a chance to take full advantage of this offer.
Where Is the DraftKings Bet $50 Get $300 Promo Available?
The DraftKings Bet $50 Get $300 promo is available in the following states:
- Iowa
- Illinois
- Lousiana
- Michigan
- North Carolina
- New Jersey
- Ohio
- Pennsylvania
- Vermont
- Wyoming
Users in Connecticut, Massachusetts, or New York will have the Bet $5 Get $150 welcome bonus.
How to Withdraw My DraftKings $300 Promo Winnings?
- Access your account information on the top right.
- Click “Withdraw" to remove funds.
- You may be asked to verify your identity.
- Funds should be received in up to five business days.
Here are some withdrawal methods available at DraftKings:
- Cash at Cage: 1 Hour (but has to be in-person)
- Debit Card: 1 Day
- Apple Pay: 1 Day
- Trustly: 1 Day
- PayPal: Up to 2 Days
- Bank Wire Transfer: Up to 2 Days
- Venmo: Up to 2 Days
- VIP Preferred eCheck: Up to 3 Days
- Check: $100-$2,000 = Up to 5 Days, $2,000+ = Up to 3 Days
- Play+ Prepaid Card: Up to 4 Days
- Online Banking: Up to 5 Days
Read our DraftKings hands-on review for more information about one of the best sportsbooks in this space.
