DraftKings promo code: Bet $5 to win $150 and get up to $1,050 in deposit bonuses

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In-state rivals Auburn and Alabama meet on the hardcourt Wednesday with Bama’s tournament future safe and Auburn dangerously close to the bubble. And thanks to the DraftKings promo code, new users can bet $5 to win $150 on men’s NCAA basketball, while also earning up to $1,050 in deposit bonuses.

To get started, first-time users at DraftKings can sign up via our DraftKings promo code link. The multi-part welcome offer for new users includes:

• A $50 bonus bet after an initial $5 deposit.
• A deposit match of 20% (up to $1,000).
• A promotional offer that can turn a $5 bet on any NCAA men’s basketball moneyline into $150 if the pick wins.

The $50 bonus bet will become available once you create an account and deposit at least $5.

In addition, DraftKings will match 20% of your initial deposit, up to a maximum of $1,000. You will receive the bonus at a rate of $1 for every $25 you wager until the full deposit match amount has been reached.

The final part of the welcome offer can turn a $5 wager into $150. If your moneyline wager wins, you’ll receive $150 in bonus bets.

Here’s how to claim all three bonuses:

• Click this DraftKings promo code link and select “Sign Me Up”.
• Fill out the required fields and hit ‘Create Account’ to register. No specific promo code is required.
• Deposit at least $5 into your account.
• Place a minimum $5 moneyline wager on Auburn-Alabama or any other NCAA basketball game.
• If your initial moneyline wager wins, the $150 bonus will be awarded as six $25 bonus bets.

Bonus bets are valid for seven days and can be used on any DraftKings market. For full terms and conditions, visit the DraftKings website by clicking on one of our DraftKings promo code links.

Alabama has an impressive 25-4 record and owns the No. 2 ranking in the country heading into Wednesday’s game with Auburn (19-10).

The Tigers have gone 3-5 this month and are clinging to a No. 10 seed in recent Bracketology projections by ESPN and CBS Sports.

Auburn’s remaining regular season games are against No. 2 Alabama and No. 12 Tennessee, so the Tigers will need to pull off an upset to solidify their spot before the SEC Championship begins.

The Crimson Tide, however, are projected as a No. 1 seed despite controversy and a criminal investigation surrounding some of the program’s players.

Alabama will take whatever positive momentum it can find heading into postseason play. Wednesday’s game will give the team a chance to generate more.

Auburn and Alabama will tip-off from Tuscaloosa at 7 p.m. Wednesday on ESPN.

Meanwhile, as the college basketball schedule speeds toward March Madness, DraftKings Sportsbook has plenty of promotions to keep its players engaged. Those include:

• Profit boosts: Tokens to increase winnings by a given percentage.
• DK Crowns: Earn DK crowns with every bet - which can eventually earn a variety of bonuses.
• Free-to-play pools: Complimentary contests that award prizes without requiring any entry fee.
• Referral bonus: Earn perks for referring friends to DraftKings Sportsbook.

If you or a loved one has questions or needs to talk to a professional about gambling, call 1-800-GAMBLER or visit 1800gambler.net