To claim, click here to register a new account and place a wager of $5 on any sports betting market at DraftKings. The second option is a “Bet $5 - Get $200” promo. If the bet wins, you will get the cash for both your stake and winnings. You can convert DK Dollars to real cash simply by wagering them once. This is the money you can only spend on DraftKings products, but it comes with no strings attached and cannot expire. “ class=“img-fluid” alt=“DraftKings Sportsbook MI Bonus” /> The good news is that players will still get to keep whatever amount of bonus money they’ve cleared upon the expiration of these 90 days despite failing to wager the entire bonus amount. You will release $1 of bonus money for every $25 wagered and will have 90 days to meet the criteria. The wagering requirements require you to place wagers to clear the bonus. To get the maximum $1,000 bonus, you need to deposit $5,000.

For example, if you deposit $1,000, you will receive a $200 bonus. To put it in simpler words, your bonus money is worth a fifth of the money you deposited. The amount of the bonus money you will get depends on your deposit, and the maximum is capped at $1,000. It starts with a 20% first deposit bonus up to $1,000. The attractive welcome package is the key segment of the best DraftKings sports betting bonuses in Michigan.