Turn $1 Into $100 With A No-Brainer DraftKings Basketball Bet For New Bettors

Posted on February 19, 2021 - Last Updated on May 27, 2024

Basketball is taking the wheel with the Super Bowl over and spring training just now beginning.

The NBA is getting into the meat of its schedule with the All-Star break coming soon. Even the college basketball calendar is starting to wind down.

DraftKings Sportsbook is looking to capitalize on the next few weeks of basketball with its new promotion.

DraftKings bet $1 win $100

The new promotion from DraftKings is a great deal regardless of whether you like professional or college hoops.

The deal is letting gamblers wager $1 to win $100 on any college basketball or NBA game between now and Feb. 28.

To take advantage of the deal, you’ll have to sign up for DraftKings if you haven’t already.

Once you’re all set up, just deposit at least $5 into your account to get started.

After your deposit clears, the only thing left to do is pick which game you want to receive your boost from! There are plenty of basketball games to bet on between now and the end of the promo.

To claim your bonus, just bet $1 on the moneyline or spread of any basketball game. Be sure to place your bet before the game starts.

You’ll win a $100 bonus if the team you bet on hits at least one three-pointer during the game. That’s practically a guaranteed win with the amount of distance shooting in modern basketball.

That’s an incredible deal to help gamblers start off on the right foot. The promo is for new users only, so you’ll have to sit this one out if you already have a DraftKings account.

DraftKings is paying out the bonus as four different $25 bonus bets. You’ll have one week to use those bets after they land in your account.

Hoosier hoops hysteria

It’s no secret that Indiana loves basketball.

Hoosiers wagered over $113 million on basketball alone during January. It’s now Indiana’s most popular sport for gambling, but that’s only the beginning.

Nearly half of the state’s February handle came from basketball bets last year. The sport is on track to smash those numbers in 2021.

The COVID-19 pandemic put a stop to the end of the college hoops season last year.

The Big Ten Tournament puts Purdue and IU on center stage. March Madness alone is one of the biggest sports betting events of the entire year.

Thanks to last season’s cancelations, this will be the first year that you’ll be able to bet on both tournaments in Indiana.

Even better, both the Big Ten and March Madness tournaments are taking place in Indianapolis this year. That could be a once-in-a-lifetime opportunity for basketball fans.

Basketball betting is already going to soar in Indiana because of the sports calendar, but the numbers could receive an extra boost if fans are allowed to attend March Madness games.

So far, the NCAA has been silent on the attendance question. That will change in the coming weeks as we inch closer to tournament time.

Photo by AP / Michael Conroy
Jake Garza Avatar
Written by
Jake Garza

Jake Garza is a US Gambling Industry Analyst for Catena Media. He specializes in Midwest sports betting and casino content. Prior to covering the legal gambling industry, he spent time as a professional sports writer, reporting on teams such as the Cincinnati Bengals, Indianapolis Colts and Indiana Pacers. Garza is currently working as a Managing Editor for PlayIndiana and PlayOhio, with previous stops at other well-known brands such as PlayIllinois and PlayMichigan. He has been covering the gambling industry since 2019, and currently works with a team of other journalists to provide comprehensive coverage of the legal U.S. gambling industry.

View all posts by Jake Garza