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DraftKings Offers $200 Bonus for New Basketball Bettors

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  Published in Sports and Competition on Monday, March 16th 2026 at 23:49 GMT by CBSSports.com
      Locales: Michigan, UNITED STATES

Tuesday, March 17th, 2026 - The basketball calendar is brimming with excitement this Sunday, and DraftKings Sportsbook is amplifying the action with a generous new user promotion. For a limited time, prospective bettors can unlock a significant $200 in bonus bets simply by placing a qualifying $5 wager. This offer isn't tied to a specific game; it applies to all contests on Sunday, March 17th, making it a versatile opportunity for fans of both the NBA and college basketball.

This promotion arrives at a particularly intriguing juncture in both leagues. The NBA regular season is tightening as teams jockey for playoff positioning, and the NCAA March Madness tournament is rapidly approaching, heightening the intensity of every conference showdown. DraftKings is clearly aiming to capitalize on this increased engagement and attract new customers to its platform. The ease of entry - a mere $5 wager - lowers the barrier to entry for casual bettors and introduces them to the world of sports betting.

How to Capitalize on the $200 Bonus Offer:

1. Account Creation: Begin by visiting the DraftKings Sportsbook website or app and initiating the registration process. Ensure you are in a state where DraftKings operates legally.
2. Promo Code Application: A crucial step is applying the promo code DRAFT during the signup phase. This code is the key to unlocking the $200 bonus.
3. Qualifying Bet: After account creation, place a wager of at least $5 on any eligible game taking place on Sunday, March 17th. This could be a moneyline bet, point spread, over/under, or a prop bet. The key is that the wager must be at least $5 to qualify.
4. Bonus Bet Distribution: Within 72 hours of your qualifying wager settling (win or lose!), DraftKings will credit your account with eight $25 bonus bets. These bonus bets can then be used on future wagers, providing additional opportunities to win.

Understanding the Terms & Conditions:

• Promo Code: DRAFT - Don't forget this code!
• Minimum Wager: $5 - A low barrier to entry.
• Bonus Structure: $200 total, distributed as eight $25 bonus bets.
• User Restriction: The offer is exclusively for new DraftKings Sportsbook users. Existing users are not eligible.
• Time Sensitivity: Promotions like these rarely last indefinitely. Potential users should act quickly to take advantage of the offer before it expires. DraftKings frequently updates its promotions, so staying informed is key.

Spotlight on Sunday's Featured Games:

Spurs vs. Rockets: This Western Conference clash holds significant weight in the playoff race. Both the San Antonio Spurs and the Houston Rockets are desperate to secure a spot in the postseason, leading to a high-stakes, competitive matchup. Analysts predict a closely contested game, with both teams likely to showcase their top players. The Spurs, under the guidance of their young core, have shown flashes of brilliance this season, while the Rockets are looking to build on their recent improvements. A $5 wager on this game could offer a thrilling return, especially with the added bonus bets.

Michigan vs. Michigan State: This Big Ten rivalry game is a cornerstone of the college basketball season. The intensity is always palpable, fueled by intense state pride and a long history of competitive battles. Expect a physical, hard-fought contest with both teams leaving everything on the court. The game's outcome could have significant implications for seeding in the upcoming NCAA tournament. This game often attracts a large viewership and a considerable amount of betting activity, making it a prime target for the DraftKings promotion.

The Broader Impact of Sportsbook Promotions:

Promotions like the DraftKings offer are becoming increasingly common as sports betting legalization expands across the United States. These incentives are designed to attract new customers, build brand loyalty, and ultimately increase revenue for the sportsbooks. However, they also raise questions about responsible gambling. It's crucial for individuals to bet responsibly and within their means. DraftKings and other operators often provide resources for problem gambling and encourage users to seek help if needed.

This $200 bonus bet offer presents a compelling opportunity for basketball fans to enhance their viewing experience and potentially win money. The low qualifying wager and generous bonus structure make it an attractive proposition for both novice and experienced bettors. Don't miss out - head to DraftKings now and claim your bonus using promo code 'DRAFT.'