The 2025 NBA Playoffs and Stanley Cup Playoffs are heating up, and there's no better time to get in on the action with DraftKings. New users can bet $5 and get $150 in bonus bets — win or lose — with no DraftKings promo code required. Whether you're backing Luka and LeBron in L.A. or Ovechkin chasing the Cup, this welcome offer gets you right in the game with bonus betting power.
All new customers who deposit and place a qualifying wager of $5 can unlock this bonus. And with the NBA and NHL playoff brackets packed with drama, there's never been a better time to jump in with new sportsbook promos.
Bet $5, Get $150
🎯 How the 'Bet $5, Get $150' offer works without needing a DraftKings promo code
There are two perks in play for new users at DraftKings Sportsbook during the postseason: a bet $5, get $150 bonus bet deal and a daily No Sweat Parlay token. No DraftKings promo code is required for either offer — just sign up, deposit, and bet.
Bet $5, Get $150 Bonus Bets (No Code Needed)
After making a $5 deposit, place a $5 qualifying wager on any NBA or NHL playoff matchup. Win or lose, you'll receive six $25 bonus bets, typically credited instantly — though it may take up to 72 hours in rare cases. This offer is available to new customers only.
Bonus bets are valid for 7 days (168 hours) and cannot be withdrawn directly. Winnings from bonus bets are yours to keep, but the stake itself won't be returned.
Daily No Sweat Parlay Token
DraftKings also gives all users one No Sweat Parlay token per day. You must opt-in before placing the parlay, which needs to meet certain criteria (e.g., sport, odds, leg count). If your bet loses, you'll receive a bonus bet refund matching your stake (up to the token’s max).
These bonus bets also expire in 7 days and do not include the stake in the payout.
No matter who you're backing — the Celtics or the Cavs, the Oilers or the Leafs — DraftKings offers flexible, rewarding ways to boost your playoff experience.
Offer available to first-time customers in the following states: AZ, CO, CT, DC (18+), IA, IL, IN, KS, KY (18+), LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT WY (18+), WV . Not available to residents of Ontario, CA.
🧾 How to get $150 bonus bets without a DraftKings promo code
It only takes a few minutes to claim your $150 bonus from DraftKings. Here's how:
- Register: Download the DraftKings Sportsbook app or visit the website and sign up for an account. Provide basic personal info and verify your identity.
- Deposit Funds: Make a minimum deposit of $5 to activate the offer.
- Make a Wager: Place a $5 bet on any NBA or Stanley Cup Playoff market. No DraftKings promo code is needed.
- Get Your Bonus Bets: Win or lose, DraftKings will issue six $25 bonus bets, plus a daily No Sweat Parlay token.
Withdraw Winnings: If your real-money bet wins, you can cash out your profit immediately. Winnings from bonus bets are also withdrawable after satisfying the 1x wagering requirement.
👉 Read our full DraftKings Sportsbook review to learn more.
Sportsbook promos comparison
Choosing the right sportsbook promos for you is easy with Covers. We compare all the best offers for legal sports betting sites in your area.
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|---|---|---|---|
| Current Bonus | Bet $5, Get $150, Instantly | Bet $5, Get $250, If Your Bet Wins | $1,500 Bonus Bets Back |
| Promo Code | None Required | None Required | CVRBONUS1500 |
| Bonus Type | Bet & Get | Bet & Get | Second Chance Bet |
| Bonus Amount | $150 Bonus Bets | $250 Bonus Bets | One (< $50) or five (> $50) bonus bets |
| Wagering Period | Seven Days | Fourteen Days | Seven Days |
| Min. Deposit | $5 | $5 | $10 |
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