With the 2026 CFP National Championship set to take over Hard Rock Stadium this Monday, DraftKings is rolling out a smoking hot bonus offer for new users ahead of the Indiana vs. Miami showdown.
If you’ve been sitting on the sidelines but want to try out the betting scene, now’s your window. The sportsbook giant is offering $300 in bonus bets to new players who place and win a simple $5+ cash bet. It’s one of the best sportsbook promotions on the market heading into college football’s biggest night.
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First, the offer isn’t a free-for-all, and not just anyone can get their hands on it. It’s targeted at new customers only, so if you already have a DraftKings Sportsbook account, this one isn’t for you.
Here’s the basic breakdown — You bet $5+ of your own cash on any market, including the CFP National Championship, using your DraftKings account, and if that bet wins, you’ll get $300 in bonus bets. That reward shows up as 12x $25 bonus bets.
Unlike some others, it’s not an instant payout, as your bet has to hit. But if it does, that $5 turns into a serious boost in betting power.
Let’s just say you throw $5 on Indiana to win the championship outright. If Indiana wins, your original bet pays out, plus you get $300 in bonus bets added to your account. It’s that easy. It’s a bonus offer that encourages a smart, well-timed pick — not just a coin flip play, so be strategic where you place that bet.
One of the best things about this bonus is that it’s perfectly timed. Monday night’s title game between #1 Indiana and #10 Miami brings a rare blend of star power and chaos potential. It could definitely be one for the ages.
Indiana’s been absolutely steamrolling opponents, including a statement win over Alabama and a playoff rout of Oregon. They’re not just the top seed — they look every bit like a team built to finish the job — especially after their quick rise to greatness.
But Miami’s story is a curveball. They snuck in as the #10 seed and have pulled off upset after upset, including a road win that silenced the doubters. And now, they’re playing the championship game in their own backyard, which is the icing on the cake.
Of course, this is considered a “neutral site,” but it’s Hard Rock Stadium — home field for Miami. The crowd will feel it. The players will feed off it. They’ll need every bit of help going against Mendoza & Co.
And from a betting perspective, that kind of underdog narrative always stirs things up. DraftKings is letting new users ride the emotion and intensity of that moment.
DraftKings hasn’t diverged much from the sports betting sites, as they have Indiana coming in as a solid favorite.
As of writing this, the odds for the big game sit like this—
Indiana -8.5
Over/Under: 47.5
Moneyline: Indiana -340 / Miami +270
In simple terms? Indiana’s the better team on paper, and bookmakers think they win comfortably, but not in a full-on blowout. Of course, these odds might slide one way or another before the game, but it’ll be close to this.
Still, there’s just enough chaos in play — Miami’s crowd, momentum, and confidence — to give underdog bettors something to think about. The line hasn’t been wild, but it’s hovered in the same range since opening.
Suppose you’re using this DraftKings bonus, things like this matter. You don’t want to burn your bet your best on a long shot just because the odds look juicy. On the other hand, Miami pulling off one more shocker could flip that $5 into a double payout, which means real winnings + bonus cash.
Remember, you don’t have to place your $5 bet on this game or even use your bonus funds on this game, and there are plenty of other markets to get in on the action.
Don’t miss the fine print. Although it might seem so, DraftKings isn’t just handing out free money.
You have to opt in by selecting the promo token before placing your first bet. That’s what makes it a “qualifying wager.” It’s simple enough.
Your qualifying bet must be at least $5, and it has to come from your cash balance — not any other bonus credits you may have received.
You must be 21+ (or 18+ in Kentucky) and located in a state where DraftKings Sportsbook is legal which includes AZ, CO, CT, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MO, NH, NJ, NY, NC, OH, OR, PA, TN, VT, VA, WV, WY, and DC.
If your bet wins, the $300 in bonus bets will be added to your account as 12 separate $25 bonus bets.
You’ll have 7 days to use those bonus bets before they expire.
If you hit on one of those bonus bets, you only get the winnings, not the stake.
So, for example, let’s say you cash in a $25 bonus bet at +100 odds, you get $25 in profit — but the $25 stake doesn’t come back. It’s still a quick win, but not as lucrative as you might have thought.
These terms are common across all the major sportsbooks, but it’s still worth understanding before you start placing bets. Don’t assume your bonus bets work exactly like cash.
This isn’t the first time DraftKings has run a “Bet $5, Get $X” promo, as they’ve had “Bet $5, Get $150” and “Bet $5, Get 200”, but the $300 version is currently the top-tier offer on the table. It usually doesn’t get higher than this.
Some of the earlier promos — like the Bet $5, Get $200 deal — have been in circulation over the past few seasons, and some of those were even “win or lose,” but this latest version requires a win, and in return, gives a bigger reward.
That might seem like a higher bar, and it’s easy to see why. But if you’re confident in your pick, the reward is a lot better than most welcome offers out there.
Also, the structure of 12x $25 bonus bets gives you a little flexibility. You’re not locking into a single $300 bet with your bonus, so you can try out multiple sports, different markets, and experiment with how you bet.
We’re all excited for the big game, and if you're trying to use this offer on the national championship game, you’ve got a few routes—
This is the most common move for new sports bettors. If you feel good about Indiana winning outright, that’s your path to triggering the $300 bonus. Indiana's moneyline is priced around -340, which is far from a flashy payout, but it’s safer than betting against the team that just dominated Alabama and Oregon. This is a great way to increase your chances of getting your hands on the $300 in bonus bets.
You could also use your $5 on something more aggressive — like Indiana to win by 14+, or for the total points to fall into a specific range. Of course, there’s a higher risk, but also a higher reward. And again, you only get the bonus if your bet wins, so keep that in mind before making a jump like this.
If Miami pulls off the miracle and beats Indiana, you’re getting paid at around +270 — and you get the $300 in bonus bets.
It’s the most daring move, but when you step back and look at these teams, it really fits the storyline. This team has already shattered expectations twice in the playoffs, so what’s one more?
It’s obvious that DraftKings built this promo for moments like this. The national title game brings tons of new betting attention, especially with a surprise team like Miami playing at home.
But don’t just fire a bet for the sake of the promo. Remember, your $5 bet has to win to trigger the bonus, so you’ll want to be as strategic as possible when loading up your bet slip.
If you’re unsure, go with something a little more stable — like Indiana moneyline — to give yourself the best shot at unlocking the $300. You can even go with another sport that you know more about, such as the NFL, NHL, or even an NBA bet.
Once you get the bonus bets, you’ve got a full week to spread them out. You can use them on other sports, live bets, or futures if you want to play the long game.
The offer won’t last long — it’s almost certainly tied to the CFP championship window. So if you’re planning to jump in, now’s the time to do it.