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March Madness is approaching and the SEC Tournament tipped off Wednesday, with Auburn and Alabama taking the floor later in the week. And thanks to our DraftKings promo code, new users can turn a $5 moneyline bet into $150 with a winning wager, plus claim up to $1,050 in deposit bonuses.

DraftKings promo code: Claim $150 in bonus bets and up to $1,050 more for the SEC Championship

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).
• Bet $5 on any NCAA men’s basketball moneyline, get $150 in bonus bets if your wager wins.

The $50 bonus bet becomes available once you create an account and make your first deposit of 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 will turn a $5 bet into $150 if your moneyline wager wins. The return will be paid out in $150 worth of 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 any SEC Tournament game or any other game you’d like.
• If your initial moneyline wager wins, your $150 bonus will be awarded as six $25 bonus bets.

Bonus bets will arrive in your account within 24 hours and are valid for seven days. They can be used on any DraftKings market – and there are numerous options available with Championship Week underway and March Madness looming next week.

For full terms and conditions, visit the DraftKings website by clicking on one of our DraftKings promo code links.

Bet $5 get $150 at DraftKings

DraftKings promo code: SEC Tournament betting preview, top March Madness promos

The SEC Tournament tipped off Wednesday with Ole Miss/South Carolina playing at 7 p.m. and LSU/Georgia following at 9 p.m.

Auburn (20-11), the No. 7 seed, faced Arkansas (No. 10) on Thursday at 7 p.m. Alabama (26-5) earned the top seed and will play the winner of Mississippi State and Florida on Friday.

DraftKings has futures odds available on the SEC Conference Tournament winner and Alabama is the favorite. Tennessee, Kentucky, and Texas A&M are next.

Auburn is tied for fifth with Arkansas. Odds are also available on the rest of the SEC Tournament teams.

March Madness is one of the most popular events at every sportsbook and DraftKings is loaded up with numerous promotions to get you into the action. Current promotions at DraftKings include the following:

• Odds boosts: Enhanced pricing on featured events.
• Profit boosts: Tokens to increase winnings by a given percentage.
• DK Crowns: Earn DK crowns with every bet, which can be redeemed for a variety of bonuses.
• Free-to-play pools: Complimentary contests that award prizes with no entry fee required.
• Referral bonus: Earn perks for recruiting 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 for more information.