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New DraftKings promo code: $300 bonus for NBA, NFL Playoffs

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Written by Ryan Leaver
Reviewed by Mac Douglass

The NBA calendar is heating up this Tuesday, January 6, 2026, and DraftKings Sportsbook is meeting the moment with a massive new user incentive. If you are looking to place your first wager on tonight’s four-game featured slate, the current DraftKings promo code offers a path to $300 in bonus bets.

This January 2026 update is a "Bet & Win" style offer, meaning a small $5 winning wager on any of tonight’s matchups—from Cleveland to San Antonio—can unlock a significant bankroll to start your year.

Breaking Down the $300 DraftKings Welcome Offer:

OSB_NFL_Playoffs-Assets_TP_Static_1080x1080_Bet5Get300-IYBW_NFL_Football.png

Unlike standard "No Sweat" bets that only pay out if you lose, this DraftKings promotion rewards winners with a 60x return on their initial investment. Here is the framework:

  • The Entry: Deposit $5 and place a $5+ moneyline or spread bet.

  • The Reward: If your pick is correct, you receive $300 in bonus bets on top of your standard cash profit.

  • The Payout Structure: The $300 is delivered as twelve (12) $25 bonus bet tokens, giving you maximum flexibility for the rest of the week's sports schedule.


Tonight’s NBA Betting Slate & Odds

DraftKings has released the opening lines for tonight’s four key matchups. You can use your $5 qualifying bet on any of these games:

MatchupTime (ET)MoneylineSpread
Cleveland Cavaliers at Indiana Pacers7:00 PMCLE -220 / IND +180CLE -5.5
Orlando Magic at Washington Wizards7:00 PMORL -270 / WAS +220ORL -7.5
Miami Heat at Minnesota Timberwolves8:00 PMMIA +195 / MIN -240MIN -6.0
San Antonio Spurs at Memphis Grizzlies8:00 PMSA -205 / MEM +170SA -5.0

Pro Insight: For this specific promo, the goal is to trigger the bonus. Betting on a heavy favorite like the Orlando Magic (-270) against the Wizards is a popular strategy to ensure that $300 bonus hits your account.


Step-by-Step: How to Claim the Bonus

Ready to get started? Follow these steps to ensure you qualify for the $300 in bonus bets:

  1. Click to Join: Use any DraftKings promo link on this page to head to the registration portal.

  2. Verify Identity: Complete the sign-up process (must be 21+ and in a legal betting state).

  3. Fund Your Account: Deposit at least $5 into your new DraftKings wallet.

  4. Place the Qualifier: Bet $5 on any NBA market with odds of -500 or better.

  5. Enjoy the Bonus: Once your bet settles as a "Win," twelve $25 bonus bets will be added to your account instantly.


DraftKings Promo Terms & Conditions

  • Eligibility: New users only. Must be physically located in a state where DraftKings is legal (e.g., NY, PA, IL, AZ, MA, etc.).

  • Odds Requirement: Qualifying wagers must have odds of -500 or longer.

  • Expiration: You have 7 days to use your $25 bonus tokens before they expire.

  • Stake: Bonus bet stakes are not included in any potential winnings.

Final Verdict for Jan 6, 2026

With the NBA season entering its most competitive stretch and the 2026 sports calendar in full swing, there isn't a more lucrative way to join DraftKings than this $300 "Bet & Win" offer. By focusing on tonight’s slate—specifically high-probability favorites—you can turn a $5 bill into a massive week of betting action.

DraftKings Promo Code.

The NBA calendar is heating up this Tuesday, January 6, 2026, and DraftKings Sportsbook is meeting the moment with a massive new user incentive. If you are looking to place your first wager on tonight’s four-game featured slate, the current DraftKings promo code offers a path to $300 in bonus bets.

This January 2026 update is a "Bet & Win" style offer, meaning a small $5 winning wager on any of tonight’s matchups—from Cleveland to San Antonio—can unlock a significant bankroll to start your year.

Breaking Down the $300 DraftKings Welcome Offer:

OSB_NFL_Playoffs-Assets_TP_Static_1080x1080_Bet5Get300-IYBW_NFL_Football.pngUse the DraftKings promo code to bet on tonight's NBA games and CFP and NFL Wild Card round this week.Unlike standard "No Sweat" bets that only pay out if you lose, this DraftKings promotion rewards winners with a 60x return on their initial investment. Here is the framework:

  • The Entry: Deposit $5 and place a $5+ moneyline or spread bet.

  • The Reward: If your pick is correct, you receive $300 in bonus bets on top of your standard cash profit.

  • The Payout Structure: The $300 is delivered as twelve (12) $25 bonus bet tokens, giving you maximum flexibility for the rest of the week's sports schedule.

Tonight’s NBA Betting Slate & Odds:

DraftKings has released the opening lines for tonight’s four key matchups. You can use your $5 qualifying bet on any of these games:

MatchupTime (ET)MoneylineSpread
Cleveland Cavaliers at Indiana Pacers7:00 PMCLE -220 / IND +180CLE -5.5
Orlando Magic at Washington Wizards7:00 PMORL -270 / WAS +220ORL -7.5
Miami Heat at Minnesota Timberwolves8:00 PMMIA +195 / MIN -240MIN -6.0
San Antonio Spurs at Memphis Grizzlies8:00 PMSA -205 / MEM +170SA -5.0

Pro Insight: For this specific promo, the goal is to trigger the bonus. Betting on a heavy favorite like the Orlando Magic (-270) against the Wizards is a popular strategy to ensure that $300 bonus hits your account.

Step-by-Step: How to Claim the Bonus

Ready to get started? Follow these steps to ensure you qualify for the $300 in bonus bets:

  1. Click to Join: Use any DraftKings promo link on this page to head to the registration portal.

  2. Verify Identity: Complete the sign-up process (must be 21+ and in a legal betting state).

  3. Fund Your Account: Deposit at least $5 into your new DraftKings wallet.

  4. Place the Qualifier: Bet $5 on any NBA market with odds of -500 or better.

  5. Enjoy the Bonus: Once your bet settles as a "Win," twelve $25 bonus bets will be added to your account instantly.

DraftKings Promo Terms & Conditions

  • Eligibility: New users only. Must be physically located in a state where DraftKings is legal (e.g., NY, PA, IL, AZ, MA, etc.).

  • Odds Requirement: Qualifying wagers must have odds of -500 or longer.

  • Expiration: You have 7 days to use your $25 bonus tokens before they expire.

  • Stake: Bonus bet stakes are not included in any potential winnings.

Final Verdict for Jan 6, 2026:

With the NBA season entering its most competitive stretch and the 2026 sports calendar in full swing, there isn't a more lucrative way to join DraftKings than this $300 "Bet & Win" offer. By focusing on tonight’s slate—specifically high-probability favorites—you can turn a $5 bill into a massive week of betting action.

DraftKings Promo Code Disclaimer: 21+. Physically present in eligible states. Eligibility restrictions apply. MO: Register for a Missouri online sports wagering account starting 11/17. $5+ first-time bet when we go live on 12/1 req. Max. $300 issued as non-withdrawable Bonus Bets that expire in 7 days. National: Gambling Problem? Call 1-800-GAMBLER. Terms: sportsbook.draftkings.com/promos.

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To give you the most accurate and helpful information, this article has been reviewed and edited by Mac Douglass through our fact-checking process.
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Written by
Ryan Leaver
Senior Sports and Betting Editor

Ryan Leaver uses advanced statistical models and simulations to predict outcomes and provide predictions for the NBA, NFL, college football, college basketball, and soccer. He offers detailed game previews, best bets, props, and futures articles.

Advertiser disclosure

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