SBNY » DraftKings Promo 2023: Bet $5, Get $200 in Free Bets

DraftKings Promo 2023: Bet $5, Get $200 in Free Bets

DraftKings is running an outstanding promo code offer in January that gives users free bets for just a small wager.

DraftKings operates one of those most prominent sportsbook and online casino combinations on the market right now.

DraftKings is offering a brand-new promotion that allows users to place a $5 wager and get $200 back in free bets. With the NFL Playoffs approaching, now is the time to take advantage of this generous offer.

The caveat is that the $5 wager must be on a pre-game moneyline and if the bet wins, only then are the $200 in free bets granted. The offer is only available to new users who are making their first deposit with DraftKings.

Draftkings NY promo for SBNY users
Draftkings NY promo for SBNY users
  • The bonus is paid out in the form of eight individual $25 Bonus Bets
  • These Bonus Bets expire seven days after they first appear in your new user account..

DraftKings Promo Code Offers

DraftKings is currently running three separate promo code offers outside of the Bet $5, Win $200 offer in January 2023:

  • Fantasy Sports Promo Code: If you are interested in utilizing DraftKings for their daily fantasy sports (DFS) options, there is an ongoing promotion granting new users a 20% deposit match bonus of up to $500. This comes in addition to a signup bonus of $20 that comes after a first deposit of $5 or more.
  • Deposit Bonus: By using the promo code WIN, players are able to get a deposit bonus of up to $1,000 at DraftKings Sportsbook. Keep in mind that this offer has fairly strict wagering requirements attached to it. 
  • DraftKings Casino Promo: Players can use the promo code DOUBLEDOWN to choose their own deposit bonus offer today. 
3.8 rating
Welcome Bonus
Free $50 Bet
Plus $1000 Deposit Bonus
Make a min. $5 first-time deposit and receive your $50 free bet, instantly! Plus, get a deposit bonus up to $1,000!
T&Cs Apply
T&C Apply

Promo ends 12/31/2022

How the Promo Works

With the Bet $5, Win $200 promo, there are many aspects of the terms and conditions that you must account for:

  • Wagering Requirements: DraftKings is notorious for placing strict wagering requirements on all of their offers, making it more difficult for users to extract the full amount of the bonus. However, with this promotional offer, none of that applies. 
  • New Customers Only: This promo code only applies to newly-registered users of the DraftKings platform and users must be present in one of the 16 participating states where DraftKings is legally allowed to operate. 
  • Qualifying wagers: The qualifying wagers for the promo include moneyline, spread, and over/under wagers as well as live bets and parlays. However, the exclusions for the promo are that they cannot be used in combination with Bonus Bets, voided bets, or bets that have some sort of odds or profit boosts. Bets that are cashed out prematurely are also not applicable. 

With such a generous offer for new users being available at DraftKings Sportsbook, it is a no-brainer to try out the platform with the NFL Playoffs coming up. 

DraftKings Sportsbook Promo Details

Starts on12/31/2022
Expires on02/12/2023
Promo TypeNew User Promo
SportsbookDraftKings Sportsbook NY
How to EnterSign Up & Bet
3.8 rating
Welcome Bonus
Free $50 Bet
Plus $1000 Deposit Bonus
Make a min. $5 first-time deposit and receive your $50 free bet, instantly! Plus, get a deposit bonus up to $1,000!
T&Cs Apply
T&C Apply

Promo ends 12/31/2022
Top Sportsbooks 2023
4.5 rating
Up To $3000
no Sweat First Bet
4.3 rating
Get Up To $100
IN Free bets!
Bonus Code: Sports
3.3 rating
BetMGM Sportsbook Welcome Offers Halted in the state of NY!
4.5 rating
First Cash Bet
Up To $1,250
On Caesars
Promo Code: SBYFULL
3.8 rating
Free $50 bet
plus $1000 deposit with your first deposit.
(for new users)