DraftKings Promo Code: Bet $5, Get $150 Instantly for Cavs vs Magic

No DraftKings promo code is needed to claim DraftKings Sportsbook’s ‘Bet $5, Get $150 in Bonus Bets’ offer. Bet on Cavaliers vs. Magic tonight on TNT!

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Feb 25, 2025 • 17:03 ET • 3 min read
DraftKings Promo Code for Cavs vs Magic
Photo By - IMAGN IMAGES

Tuesday night’s NBA matchup on TNT features the high-scoring Cleveland Cavaliers taking on the Orlando Magic, who are looking to continue their recent surge. New customers can wager on this exciting game with DraftKings Sportsbook’s ‘Bet $5, Get $150 in Bonus Bets’ offer and other sportsbook promos — no DraftKings promo code is required. Whether your first bet wins or loses, you’ll receive $150 in bonus bets to use on future wagers.

Bet $5, Get $150

How the DraftKings 'Bet $5, Get $150' offer works for Cavs vs Magic Tonight

DraftKings Sportsbook keeps things simple for new users—no DraftKings promo code is required to claim this offer. Here’s what you need to know before betting on Cavaliers vs. Magic:

  • The promotion is available to new customers only.
  • A minimum deposit of $5 is required to activate the offer.
  • After depositing, place a qualifying $5 wager on any market, including tonight’s NBA showdown.
  • Win or lose, DraftKings will award you $150 in bonus bets within 72 hours of bet settlement.
  • The $150 bonus is issued as six (6) $25 bonus bets that can be used on any sports market.
  • Bonus bets expire seven days (168 hours) after being credited to your account.
  • Winnings from bonus bets do not include the original stake.

With the Cavaliers boasting the NBA’s top-scoring offense (122.9 PPG) and Orlando struggling offensively (104.3 PPG), this game presents strong betting opportunities. Whether backing Cleveland’s stars like Donovan Mitchell or taking a chance on Orlando’s young duo of Paolo Banchero and Franz Wagner, this DraftKings offer ensures you get extra value no matter the outcome.

DraftKings has more sportsbook promos for the NBA

DraftKings All Users
Get three boosts for 4+ SGP/SGPx! Claim Now

DraftKings odds for Cavs vs Magic


Offer available to first-time customers in the following states: AZ, CO, CT, DC (18+), IA, IL, IN, KS, KY (18+), LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT WY (18+), WV . Not available to residents of Ontario, CA.

How to secure $150 bonus bets tonight without a DraftKings promo code

Register – Click here to sign up for DraftKings Sportsbook. Provide the required personal details to complete your account setup.

  1. Deposit Funds – Make a minimum deposit of $5 into your new DraftKings account.
  2. Place a Wager – Bet at least $5 on Cavaliers vs. Magic or any other available market.
  3. Receive Bonus Bets – Win or lose, DraftKings will issue $150 in bonus bets within 72 hours.
  4. Withdraw Winnings – If your initial bet wins, you can withdraw your cash winnings. However, bonus bets must be used before they expire.

Looking for more details on DraftKings? Read our DraftKings Sportsbook review for insights on promotions, features, and betting markets.


Sportsbook promos comparison

Choosing the right sportsbook promo for you is easy with Covers. We compare all the best offers for legal sports betting sites in your area.

DraftKings FanDuel BetMGM
Current Bonus Bet $5, Get $150, Instantly Bet $5, Get $150, If Your Bet Wins $1,500 Bonus Bets Back
Promo Code None Required None Required CVRBONUS1500
Bonus Type Bet & Get Bet & Get Second Chance Bet
Bonus Amount $150 Bonus Bets $150 Bonus Bets One (< $50) or five (> $50) bonus bets
Wagering Period Seven Days Fourteen Days Seven Days
Min. Deposit $5 $5 $10

Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

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Peter Clarke - Covers
Senior Editor

Peter Clarke has been in the digital media business for 14 years after obtaining his journalism degree from the University of King's College in Halifax, N.S. He learned his trade during his time at The Chronicle Herald and Saltwire Network, where he spent nearly a decade editing and making digital content.

These days, Peter is all about keeping bettors in the loop about the biggest sports betting events, like the Super Bowl and March Madness. He's also always on top of the latest promo offers from the biggest sportsbooks so he can share the best deals straight with you.

One of his favorite ways to bet is using the Covers' player prop projections. He firmly believes you can find a lot of value in the four and five-star projections every day of the year with just a little attention to the totals and lines. For those of you new to the betting scene, he’s got some solid advice: "Start small. Pick a unit size that feels right for you and grow your bankroll over time."

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