Sports Gambling

DraftKings Promo Code: Get $150 Bonus for College Football, MLB Playoffs

By Matt Modi

Published: Oct 3rd, 2026 · 3:00 PM EDT

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With an awesome Saturday of sports ahead of us across all of the NCAAF and MLB games, new users can sign up and redeem $150 in bonuses thank to this DraftKings promo code offer. Get signed up here.

DraftKings Promo Code Overview

Before the Week 5 kickoff, here is a quick breakdown of the data regarding the current DraftKings welcome offer:

DraftKings Promo Code	No Code Needed
New DraftKings User Offer	Spend $5, Get $150 in Bonuses
Terms and Conditions	21+ and present in participating states. $150 in Bonuses paid out as $50 in Bonus Bets every 7 days for 14 days. Minimum -500 odds requirement.
Date Last Verified	October 3rd, 2026

DraftKings Promo Code Details: Spend $5, Get $150 for Week 5

Exclusive to new DraftKings customers, this promotion provides a clear path to turning a minimal upfront stake into a substantial bankroll. To qualify, users must create an account and place a $5 wager on the Ohio State Buckeyes vs. Iowa Hawkeyes—or another qualifying market—with odds of -500 or longer. It is critical to note the condition attached to this expected value: the bonus is not guaranteed, meaning your initial $5 qualifying wager must win to trigger the payout.

If your qualifying bet grades as a winner, the $150 reward is distributed methodically. You will receive $150 in Bonuses, paid out as $50 in Bonus Bets every seven days for 14 days. This structured release ensures you have sustained betting capital over a multi-week period. Once issued, each bonus bet remains active for up to a week before expiration, giving you ample time to analyze the board and find the optimal lines.

Use DraftKings Signup Promo on Ohio State vs. Iowa

With your initial wager carrying significant bonus implications, you can target a variety of markets. While DraftKings odds are not currently posted for this specific matchup, here is a look at the current consensus lines:

Market	Ohio State Buckeyes	Iowa Hawkeyes
Spread	-14.5 (-108)	+14.5 (-111)
Moneyline	-654	+469
Total	Over 45.5 (-110)	Under 45.5 (-110)

If you deploy your $5 wager on the heavily favored Buckeyes moneyline (-654), a successful ticket yields a fractional profit of $0.76. Conversely, backing the underdog Hawkeyes on the moneyline (+469) translates to a potential profit of $23.45. For those looking at the spread, a $5 bet on Ohio State to cover 14.5 points (-108) nets $4.63 in profit, while taking Iowa and the points (-111) returns $4.50. A standard -110 wager on either side of the 45.5-point total yields a $4.55 profit.

Analytically, the Buckeyes hold distinct statistical advantages over the Hawkeyes in high-leverage categories. Ohio State brings a highly potent scoring attack, averaging 45.0 points per game compared to Iowa’s 32.8. The Buckeyes’ true edge, however, lies in drive sustainment and finishing rate; they boast a 44.4% conversion rate on third down and a highly efficient 90.5% success rate in the red zone. While the Hawkeyes post a respectable 84.6% red zone efficiency themselves, Ohio State’s overall metric dominance makes them a formidable assignment in this Week 5 matchup.

How to Activate This DraftKings Promo Code Offer

Securing this bonus ahead of kickoff is a streamlined process. No manual promo code is necessary during sign-up to claim the offer. Follow these logical steps to activate the promotion:

1. Create an Account: Register as a new DraftKings customer by providing standard personal identity and location verification details (such as your name, date of birth, and email address).
2. Fund Your Bankroll: Process a first-time deposit of at least $5 using one of DraftKings’ available secure payment methods.
3. Place Your Bet: Navigate to the Week 5 college football markets and place a qualifying wager of $5 or more (ensuring the market meets the -500 minimum odds requirement).

If that initial wager wins, your $150 bonus will automatically unlock according to the scheduled payout structure.