DraftKings wants new users to feel welcome and empowered to bet on some of the great college basketball conference tournament games on today’s schedule. To that end, DraftKings is giving new users a generous welcome bonus when they sign up using our DraftKings promo code: a $1,000 No Sweat First Bet.
Bettors will also get to claim same-game parlay insurance.
Bet $5, Get $200 in Bonus Bets Instantly
Gambling Problem? Call or TEXT 1-800-Gambler 21+ 
Gambling Problem? Call or TEXT 1-800-Gambler 21+
Promo Code: Click To Claim
Bet $5, Get $200 in Bonus Bets Instantly
Gambling Problem? Call or TEXT 1-800-Gambler 21+
Promo Code: Click To Claim
Gambling Problem? Call or TEXT 1-800-Gambler 21+
What’s a No-Sweat Bet? It protects your stake and gives you a chance to use your funds again on another wager. Read on to learn more about this great offer and some of the point spreads for tonight’s college basketball action!
DraftKings Promo Code Information
To qualify for the $1,000 bonus bet on DraftKings Sportsbook, follow these simple steps: First, register for a new account with DraftKings Sportsbook. Then, make an initial deposit of at least $5 into your sports betting account. After funding your account, place your first bet of $5 on any sporting event of your choice. If your first bet does not win, DraftKings will credit your account with a Bonus Bet worth up to $1,000. This offer is designed to welcome new users by providing a substantial bonus bet, giving you a great start on your sports betting journey with DraftKings.
| 🏀 DraftKings Sportsbook | ℹ️ Promo Details |
|---|---|
| ⛹️ DraftKings Promo Code: | Click To Claim |
| 🎀 New User Bonus: | Bet $5, Get $200 in Bonus Bets Instantly |
| 🌎 Available States: | AZ, CO, CT, DC, IN, IA, IL, KS, KY, LA (select parishes), MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV or WY |
| 💲 Minimum Deposit: | $5 |
| ✅ Last Verified: | May 9, 2025 by Peyton Powell |
To encourage new users to sign up for a new account, DraftKings offers them an excellent welcome offer when they sign up with our DraftKings promo code:
- $1,000 No Sweat Bet
- SGP insurance token.
Let’s say you are a diehard Lehigh basketball fan. You are convinced the Mountain Hawks can take down Colgate and win the Patriot League Championship game. You are so certain that you put down $1,000 on the Lehigh moneyline (+225).
But then the Raiders trounce the Mountain Hawks, and you lose your wager.
However, don’t despair! Since a No Sweat Bet protects your wager, DraftKings will credit your account with bonus bets equal to your stake of up to $1,000. So, had you bet $500, you’d have gotten $500 in bonus bets. But if you had bet $10,000, you’d only get $1,000 back in bonus bets.
Regarding the same-game parlay insurance, let’s say you bet on Lehigh to win outright (+225), for Braden Smith to score OVER 13.5 points (-115), and for Dominic Parolin to score UNDER 11.5 points (-125; SGP odds– +1400).
Bet $5, Get $200 in Bonus Bets Instantly
Gambling Problem? Call or TEXT 1-800-Gambler 21+
Gambling Problem? Call or TEXT 1-800-Gambler 21+
Promo Code: Click To Claim
Bet $5, Get $200 in Bonus Bets Instantly
Gambling Problem? Call or TEXT 1-800-Gambler 21+
Promo Code: Click To Claim
Gambling Problem? Call or TEXT 1-800-Gambler 21+
But since Lehigh lost, you’d lose the bet. However, thanks to your SGP insurance, DraftKings will deposit bonus bets equal to your stake in your account.
Of course, terms and conditions will apply. For example, bonus bets expire seven days after they are issued. So, don’t hold on to them for too long; any left after seven days will disappear.
College Basketball Odds for Wednesday
Now that you have signed up and claimed your No Sweat Bet, it is time to decide which game you want to bet on tonight. You do not have to bet on one tonight, but the promo will apply to the first bet you make, regardless of the market and size of your wager.
Let’s go ahead and take a look at the point spreads (odds via DraftKings) for a few of Wednesday’s games:
- ACC Tournament Second Round. Notre Dame (+8) vs. Wake Forest @ 2:30 p.m. ET on ESPN
- Patriot League Championship game: Lehigh (+7) vs. Colgate @ 7 p.m. ET on CBSSN
- Big Ten Tournament First Round: Michigan (+7) vs. Penn State @ 8:30 p.m. ET on Peacock
Our Picks at DraftKings: Wake Forest -8, Lehigh +7, Penn State -7
