DraftKings leads US sports betting handle share at 35.8% as of early 2026. That scale means a competitive welcome offer—but the fine print matters more than the headline number.
What Is the Current DraftKings Welcome Offer?
DraftKings runs a Bet & Get format for new customers. You place a qualifying real-money wager and receive bonus bets regardless of whether that bet wins or loses. That's different from a second-chance offer, which only pays out on a loss. If you want to compare the two formats side by side, see Deposit Match vs Bet & Get: Breaking Down Both Offer Types.
Bet & Get is the most popular welcome format in 2024–2026 because the outcome of your first bet doesn't affect the bonus. You get the bonus bets either way.
DraftKings Offer Terms: What the Fine Print Says
- Bonus bet stake not returned on win. When a bonus bet wins, only net winnings are credited—not the stake itself.
- Minimum odds restrictions apply. Promo terms typically cap bonus bet use to odds no shorter than a stated threshold (e.g., -200 or -500). Check current T&Cs before placing.
- Expiry window: Bonus bets generally expire within 7–30 days of being credited. Use them or lose them.
- Promo code must be entered at sign-up. Codes cannot be applied retroactively after account creation.
- One per household. One welcome offer per household, IP address, or device. Existing customers do not qualify.
- Deposit method exclusions may apply. Some methods are excluded from bonus eligibility; confirm before depositing.
Wagering requirements on DraftKings promotions commonly fall in the 5x to 25x range. A 10x rollover on a $100 bonus means $1,000 in total wagers before anything becomes withdrawable cash.
DraftKings vs. the Competition: Quick Comparison
| Operator | Offer Type | Handle Share (2026) | Bonus Stake Returned? |
|---|---|---|---|
| DraftKings | Bet & Get | 35.8% | No |
| FanDuel | Bet & Get | 32.0% | No |
| BetMGM | Second-Chance (up to $1,500) | 9.8% | No |
| Fanatics | Bonus Bets + Merchandise Rewards | 7.3% | No |
| Caesars | Varies by state | 5.3% | No |
No major US sportsbook returns the bonus bet stake on a win. That's industry standard, not a DraftKings quirk.
Is the DraftKings Promo Code Worth Claiming?
If you're a new bettor comparing options, DraftKings' market size works in your favor: deep lines, frequent odds boosts, and official league partnerships with the NBA, MLB, NHL, PGA Tour, WNBA, and NASCAR mean plenty of markets to use bonus bets on.
The Bet & Get format is genuinely simpler than second-chance bets. You don't need your first bet to lose to collect. For a full breakdown of second-chance alternatives, see Best Second-Chance Bet Offers at US Sportsbooks.
Still deciding between DraftKings and FanDuel? The two operators combined hold 67.8% of US handle. The right one depends on your state and which offer terms are currently live. Read the full breakdown at FanDuel vs DraftKings: Which Welcome Bonus Wins?.
Sports betting is legal in 39 states plus D.C. and Puerto Rico as of September 2026. Most states set the minimum age at 21. DraftKings must be licensed in your state for you to register and claim any offer. Confirm your state's licensed operators via your state regulator before depositing.
For a wider view of what's available across all major books, check Best Sportsbook Welcome Bonuses Ranked for 2026.
Must be 21+ (18+ in select states). If gambling is a problem, call 1-800-GAMBLER or visit the National Council on Problem Gambling helpline.