Best NBA Sportsbook Promos for February: 5 Offers You Can’t Pass Up!

Last updated February 6, 2025

The NBA trade deadline is right around the corner (February 6th), and teams are already making huge moves. 

Luka Dončić is now a Laker, joining forces with LeBron James in a blockbuster deal. Anthony Davis is heading to Dallas, bringing a dominant presence to the Mavericks' frontcourt. And in San Antonio, De’Aaron Fox has teamed up with Victor Wembanyama, turning the Spurs into a must-watch team. 

With all these shake-ups, the playoff race is about to get even more intense. The rest of the season is shaping up to be one of the most exciting in years, and before we know it, the NBA Playoffs will be here. But until then, there’s still plenty of action left—and even more ways to cash in. 

February is a great time to take advantage of the best NBA sportsbook promos, and we've rounded up five offers you won’t want to miss!

1. DraftKings Sportsbook: Bet $5 Get $200 Instantly

DraftKings Sportsbook

With the NBA trade deadline shaking up the league and the playoff race heating up, now’s a great time to get in on the action. 

DraftKings Sportsbook is making it easy with a simple offer: sign up, make a deposit, and place a $5 bet on any NBA game. No matter if your bet wins or loses, you'll instantly get $200 in bonus bets.

The bonus is awarded as eight separate $25 bonus bets, which you can use on NBA games or any other sports you’re interested in. 

Whether you're betting on Jayson Tatum and the Celtics or Kevin Durant and the Suns, you can use your bonus bets to take advantage of any exciting matchup. Sign up at DraftKings today and claim your $200 bonus instantly!

Claim DraftKings' NBA Bonus!
Bonus Code: NONE NEEDED
GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD). 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS).
1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $200 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/ftball. Ends 2/9/25 at 11:59 PM ET. Sponsored by DK.

2. bet365 Sportsbook: Bet $5 Get $150 or $1,000 Safety Net

bet365 Sportsbook

bet365 Sportsbook has another great offer for NBA fans this February. You can either bet $5 and get $150 in bonus bets instantly, or choose the safety net option, where you'll get a 100% refund in bonus bets up to $1,000 if your first NBA bet loses.

If you prefer a guaranteed bonus right away, the $150 in bonus bets is yours just for placing a $5 wager. 

If you'd rather have a little extra security, the safety net gives you a chance to place your first NBA bet without worry, knowing you’ll get your money back in bonus bets if it doesn’t hit. 

Either way, you'll have plenty of extra value to bet on all your favorite players and teams at bet365 Sportsbook! Just make sure to use our exclusive promo code "SQOREBONUS" during the sign-up process to unlock your rewards.

Claim bet365's NBA Bonus!
GAMBLING PROBLEM? CALL 1-800-GAMBLER (CO, KY, LA, NC, NJ, OH, PA, VA) or 1-800-BETS OFF (IA) or 1-800-9-WITH-IT (IN) or 1-800-NEXT-STEP (AZ).  21+ only (18+ in KY).  Must be present in AZ/CO/IA/KY/LA (select parishes)/NC/NJ/OH/PA/VA.
Bet $5 and Get $150 in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply.

3. FanDuel Sportsbook: Bet $5 Get $200 in Bonus Bets If You Win

FanDuel Sportsbook

Next up, FanDuel Sportsbook has an exciting deal for NBA fans looking to jump into the action this February. All you need to do is sign up, place a $5 or more bet on your first NBA wager, and if it wins, you’ll instantly receive $200 in bonus bets.

The best part? There’s no minimum odds requirement! That means you can bet on a heavy favorite, like the Oklahoma City Thunder to beat the Washington Wizards, or place a wager on the NBA's leading score (Shai Gilgeous-Alexander) to score just 15 points or more in a game.

As long as your $5+ bet wins, you’ll get the $200 bonus, which you can then use on NBA games or any other sports you want to bet on. Pretty neat, huh? 

No promo code is needed to claim this generous offer at FanDuel Sportsbook; just sign up using the links I've provided below!

Claim FanDuel's NBA Bonus!
Bonus Code: CLICK HERE
+21. Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, KY, LA, MD, MS, NC, NJ, OH, PA, TN, VA, WV, WY), 877-8-HOPENY (NY) 1-800-327-5050 (MA) Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 (MI)

4. BetMGM Sportsbook: $1,500 First Bet Offer

BetMGM Sportsbook

BetMGM Sportsbook lands at No. 4 on my list with a solid welcome offer for February. When you sign up using our exclusive promo code "SQORE," you'll unlock the $1,500 First Bet Offer. 

Here’s how it works: create a new account, deposit $10 or more, and place a wager on any NBA game or other sporting event of your choice.

If your bet wins, you’ll receive your full payout as usual. However, if your first bet loses, BetMGM will provide a full amount refund in bonus bets, up to $1,000. 

This means you can make your first bet with peace of mind, knowing that even if it doesn't go as planned, you’ll have bonus bets to try again. Plus, this offer gives you the flexibility to explore different betting options, whether you’re backing a favorite or taking a chance on an underdog.

Claim BetMGM's NBA Bonus!
Bonus Code: SQORE
GAMBLING PROBLEM? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA)
21+ only. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel.
See BetMGM.com for Terms. US promotional offers not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.

5. Fanatics Sportsbook: Up to $1,000 in No Sweat Bets

Fanatics Sportsbook

Lastly, Fanatics Sportsbook is bringing a unique sign-up bonus to the table for February. New users can claim up to $1,000 in no-sweat bets. Simply create an account, and you’ll get a $100 no-sweat bet every day for the first 10 days on the app.

Here’s how it works: each day, you’ll have a no-sweat bet for your first wager. If that bet loses, Fanatics will give you a 100% refund in bonus money. But if you win, you keep the winnings—just like a regular bet. 

Over the course of 10 days, you could earn up to $1,000 in no-sweat bets! This is a perfect opportunity to experiment with some same-game parlays or try your luck with NBA point spreads, moneylines, player props, and so much more.

And I should also mention that no promo code is needed! You can claim your Fanatics Sportsbook bonus right now using the link provided below.

Claim Fanatics' NBA Bonus!
Bonus Code: NONE NEEDED
+21. Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, KY, LA, MD, MS, NC, NJ, OH, PA, TN, VA, WV, WY), 877-8-HOPENY (NY) 1-800-327-5050 (MA) Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 (MI)

Final Thoughts on February’s Best NBA Sportsbook Promos

February is shaping up to be an exciting month for NBA betting, and these sportsbook promos only make it better. With the trade deadline shaking up rosters and the playoff race heating up, now’s the perfect time to get in on the action.

From instant bonus bets to no-sweat wagers, these offers from DraftKings, bet365, FanDuel, BetMGM, and Fanatics Sportsbook give you more ways to start betting with extra value and less stress.

There are plenty of opportunities to back a favorite or take a chance on an underdog. And with these NBA sports betting bonuses to keep you going, you can make the most of every game. 

Don’t wait too long though—these promos won’t last forever. Claim your offers, place your bets, and enjoy the rest of the season!

Peyton
Peyton Powell
Peyton is an huge sports fan and a graduate of the University of Louisville. He has always enjoyed playing, watching, and betting on sports. Born and raised in Kentucky, a state without any professional sports teams, he had to find teams to cheer for away from home. Peyton's favorite teams include the Los Angeles Lakers, Baltimore Ravens, and Boston Red Sox.