The sports world turns to college basketball this weekend with the men's and women's tournaments concluding in San Antonio and Tampa, respectively. Sports fans and bettors looking to be part of the action can take advantage of the latest DraftKings promo code, which gives users $150 in bonus bets when they wager $5 or more.
How to claim DraftKings promo offer
For those interested in claiming the DraftKings offer, here's how you can do so.
- Sign up for a DraftKings account by entering your name, email and payment information. You must be a new user of legal age in a state where DraftKings operates.
- Make a minimum deposit of $5.
- Place a wager of $5 or more. New users will get $150 in bonus bets in the form of six, $25 bet tokens whether your first wager wins or loses.
Bonus bets expire in seven days and are issued within 72 hours of a user's first wager settling. Bonus bets cannot be cashed out or withdrawn. Winning wagers made with bonus bets will give a user his or her winnings back, but not the stake. For example, a $25 bonus bet at +100 would return $25 to the user if the bet won.
DraftKings promo comparison
DraftKings is not the only sportsbook with a welcome promotion. Here's a look at how its offer compares to the rest of the industry.
Brand | Promo | CBS promo code |
DraftKings | Bet $5, get $150 in bonus bets instantly | None required |
BetMGM | Up to $1,500 in bonus bets if your first bet loses | CBSSPORTS |
Caesars | Bet $1, double your winnings on your next 10 bets | CBSDYW |
FanDuel | Bet $5, get $200 in bonus bets if your bet wins | None required |
Fanatics | Bet $30, Get $300 in Bonus Bets (select states) | None required |
bet365 | Bet $5, get $150 in bonus bets win or lose | CBSBET365 |
The only offer similar to DraftKings' is bet365, which is giving out $150 in bonus bets as well. The difference is bet365 does not allocate its bonus bets in $25 slips, so users can spend the $150 in whatever way they see fit. FanDuel is offering $200 in bonus bets but requires a user's first wager to win. In select states, Fanatics is offering $300 in bonus bets. However, this requires users to make qualifying wagers for three consecutive days to receive funds.
BetMGM is offering the most money back with $1,500 in bonus bets but requires the most investment for users. A bettor looking to get back the full amount would have to make a wager of at least $1,500. That's a substantial jump from the $5 required at DraftKings, bet365, FanDuel and the $30 required at Fanatics. Caesars is offering profit boosts instead of bonus bets, allowing users to double winnings on their next 10 wagers after betting $1.
What to bet on in sports this weekend
The men's college basketball tournament will conclude on Monday, April 7, in San Antonio, with Florida taking on Houston to determine who will cut down the nets. Florida took down SEC foe Auburn, while Houston had a comeback for the ages to topple Duke on Saturday.
The women's bracket will conclude Sunday, April 6, in Tampa Bay. South Carolina goes for its fourth national championship under Dawn Staley when it faces UConn, which is aiming for its 12th national title under Geno Auriemma.
The NBA will also feature a couple of games on Sunday between Western Conference playoff-bound teams. The Los Angeles Lakers will head to Oklahoma City to take on the Thunder, and the Golden State Warriors will face the Houston Rockets at home.
Responsible Gaming
DraftKings is committed to responsible gaming and offers plenty of resources to those struggling. The sportsbook allows users to set betting limits, get alerts for their activity and take timeouts. DraftKings also provides users with their betting statistics and information on problematic gambling. Users can access the National Council on Problem Gambling (NCPG) and the 1-800-GAMBLER helpline from the sportsbook website and app.