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DraftKings Promo Code: Bet $5, Get $200 Bonus Bets for NBA, College Basketball, Winter Games
New users can claim a DraftKings promo code offer worth up to $200 in bonus bets by placing a $5 wager on this weekend's exciting sports slate. The action includes post-All Star break NBA games, loaded college basketball matchups, and the conclusion of the 2026 Winter Games in Milan. Check out the latest sportsbook promos available as of Feb. 20.
How the DraftKings promo code offer works for NBA, college basketball and Winter Games betting
This DraftKings promo code promotion requires no code entry to activate the bet $5, get $200 bonus bets offer. New customers must place a minimum $5 wager on any available market, and if that bet wins, they receive $200 in bonus bets. The bonus arrives as eight separate $25 bonus bet tokens.
Key terms and conditions include:
- Must select the promotional token before placing the qualifying $5 bet.
- Minimum $5 deposit required to fund the account.
- Bonus bets are awarded only if the initial $5 wager wins.
- Bonus bets expire seven days after issuance.
- The bonus bet stake is not included in any winnings.
For example, if you bet $5 on Houston to cover the spread against Arizona in Saturday's marquee college basketball matchup and win, you receive your original winnings plus $200 in bonus bets. If the Cougars fail to cover, you only lose your initial $5 stake with no bonus bets awarded. Similarly, wagering $5 on Team USA to win gold in the Men's Hockey Gold Medal Game on Sunday would trigger the bonus if successful.
This DraftKings promo is available to new customers in the following states: AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY. Bonus not available in Ontario, Canada.
How to claim the DraftKings new-user promo for this weekend's games
Follow these steps to secure your DraftKings Sportsbook promo code offer:
- Download the DraftKings Sportsbook app and create a new account with valid personal information.
- Make an initial deposit of at least $5 using any accepted payment method.
- Select the promotional token before placing your first bet.
- Place a qualifying $5 wager on NBA games, college basketball, Winter Games, or any other available market.
- If your bet wins, receive $200 in bonus bets within 72 hours.
Read our comprehensive DraftKings review for more details about this sportsbook's features and offerings.
Additional DraftKings promotions for existing customers during basketball and Winter Games action
DraftKings consistently provides ongoing promotions for existing users beyond the new customer welcome offer. Current customers can find daily odds boosts, profit boost tokens, and special event promotions in the app's dedicated "Promos" section. These offers frequently target major sporting events like March Madness preparation games and international competitions.
The sportsbook regularly updates its promotional offerings to coincide with trending sports events. Existing users should check the promotions tab regularly to discover enhanced odds on popular betting markets and exclusive bonus opportunities throughout the basketball season and Winter Games coverage.
Odds refresh periodically and are subject to change. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER.
An award-winning author at just six years old (it’s true!), Jeff has parlayed early-life accolades into a prominent role in the sports betting content space with Sports Illustrated. As content manager, he leads a talented team of expert betting analysts and sportsbook reviewers focused on delivering industry-best experiences to North American bettors. Jeff joined SI in 2024 and has since been a driving force in enhancing the team’s sports betting coverage. With his inventive mindset and relentless pursuit of "best-in-class" content, Jeff ensures SI readers have access to unparalleled betting analysis that’s comprehensive, unbiased, and well-researched. Jeff’s primary goal is to give new and casual bettors the confidence they need to come to their own conclusions when deciding how and where to bet online. Before joining the SI team, Jeff was a senior editor at Covers, where he laid much of the groundwork for the brand’s commercial sports betting content strategy. Known for his industry knowledge and product expertise, Jeff has been a leading voice with his coverage of burgeoning legal sports betting markets like New York, Ohio, and Ontario. An avid bettor himself, Jeff is a strong proponent of line shopping and sticking with a consistent, manageable unit size. He primarily wagers on MLB, NFL, and NHL player props and cites bet365, Pinnacle, and Sports Interaction as his most-used sportsbooks. Jeff holds a BBA from St. Francis Xavier University. His work has been featured in Newsweek and referenced in news media outlets like the Calgary Herald, Financial Post, and Toronto Sun. The Nova Scotia native has crafted and edited over 400 articles and guides across the sports, iGaming, e-learning, and software industries since 2020.