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DraftKings Promo Code: Bet $5, Get $300 Bonus if it Wins for NBA, College Basketball, and Winter Games Betting

Jeff Watters|
Score big with the DraftKings promo code offer: bet $5, get $300 in bonus bets if you win on NBA, college basketball or winter games action.
Score big with the DraftKings promo code offer: bet $5, get $300 in bonus bets if you win on NBA, college basketball or winter games action. | Sports Illustrated

New users can claim a DraftKings promo code offer worth up to $300 in bonus bets when wagering on Tuesday's NBA slate, college basketball matchups, or winter games competition. This welcome promotion provides excellent value for bettors looking to capitalize on tonight's four-game NBA schedule and busy college basketball action. Take advantage of current sportsbook promos available through Feb. 10.

How the DraftKings promo code offer works for NBA and college basketball betting

This DraftKings promo code requires no code entry to activate the bet $5, get $300 in bonus bets promotion. New customers simply need to register, deposit at least $5 and place a qualifying $5 wager on any available market. If that initial bet wins, DraftKings awards $300 in bonus bets within 72 hours.

The promotion works perfectly for tonight's NBA action, including the Knicks hosting the Pacers at 4:30 PM ET or the Lakers facing the Spurs at 7:30 PM ET. College basketball offers additional opportunities with games like Villanova versus Marquette in Big East play.

Key terms include:

  • Minimum $5 deposit and qualifying bet required.
  • Bonus bets arrive as twelve $25 credits if the initial wager wins.
  • Bonus bet stakes are not included in any winnings.
  • All bonus bets expire seven days after issuance.

For example, if you bet $5 on the Knicks to cover the spread against Indiana and they win, you receive your original winnings plus $300 in bonus bets. If the Knicks fail to cover, you only lose the initial $5 stake without receiving bonus credits.

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.

Steps to claim your DraftKings new-user promo for tonight's games

Getting started with this DraftKings Sportsbook promo code offer takes just a few minutes before tonight's tip-offs:

  1. Click the promotional link to register your new DraftKings account with required personal information.
  2. Make your first deposit of at least $5 using PayPal, debit card or another preferred payment method.
  3. Place a qualifying $5 bet on any NBA game, college basketball matchup or winter games market.
  4. Collect $300 in bonus bets if your initial wager wins, plus keep your original winnings.

Learn more about features and betting options in our comprehensive DraftKings review.

Additional DraftKings promotions beyond the welcome offer

DraftKings consistently provides ongoing promotions for existing customers beyond this new-user bonus. Regular users can find daily odds boosts, profit boost tokens and special event promotions by checking the "Promos" tab within the DraftKings mobile app. These recurring offers help maximize betting value throughout the NBA season, March Madness and major sporting events.

The sportsbook frequently updates these promotional opportunities, so checking the app regularly ensures you never miss valuable betting enhancements. Many promotions target specific games or player performances, making them perfect complements to tonight's NBA and college basketball action.

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.

Published | Modified
Jeff Watters
JEFF WATTERS

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.

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