ESPN, the worldwide leader in sports, recently launched betting platform ESPN BET in conjunction with PENN Entertainment. The ESPN BET Promo Code SHNEWS allows new customers to bet on anything within the platform or mobile app to win $250 in bonus bets.

ESPN BET launched across the following legal sports betting states: Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia and West Virginia.

Use the link below to access the ESPN BET promo and apply promo code SHNEWS — ESPN BET requires the promo code for the offer.

One sport new bettors can find this week is the NBA and specifically,  two primetime games on TNT on Tuesday night. First, the Cleveland Cavaliers travel to the Philadelphia 76ers at 7:30p.m. ET followed by the Utah Jazz taking on the Los Angeles Lakers at 10p.m. ET.

It’s still too early in the NBA season to glean any major conclusions; however, the Cavs vs. 76ers could be a potential Eastern Conference playoff matchup. The 76ers have been excellent so far, looking like top contenders in the East amid a stacked playoff field.

Check out how to use the NBA Tuesday slate as an example to grab bonus bets.

After placing your first bet, ESPN BET deposits $200 of the bonus via four payments of $50 in bonus bets. Next, ESPN BET deposits the final $50 of bonus within 48 hours to complete the value of the offer.

These bonus bets are similar to other top sports betting sites in that they are valid for seven days and cannot be withdrawn but can be used to fund a bet. However a bonus bet wager settles, the stake is returned to the house because you can only play the bonus once.

The pick: Philadelphia 76ers -166

The Philadelphia 76ers look like a potential championship contender in the Eastern Conference. Additionally, they are 6-2 straight up at home, meaning it is more likely they come out on top in this matchup.

It pays to grab favorable odds with this promo code offer because you have a chance to profit cash on the side along with the bonus bets. For example, you could place as low as $1 on the 76ers to win outright at -166.

A win pays the cash winnings, returns the $1 stake and earns the $250 in bonus bets. Meanwhile, if the wager misses, the bonus is still earned. This means it’s entirely up to you how much you want to stake on any odds you prefer within ESPN BET.

New users only, 21+. Gambling problem? Call 1-800-GAMBLER. Must be physically present in AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, MI, NJ, OH, PA, TN, VA, or WV in order to wager. Players must sign up using a specified Promotion code and then place an Eligible Wager on an Eligible Game during the Promotion Period. $200 (four (4) $50 Increments) of the $250 in Bonus Bets will be credited upon making the first bet. Please Gamble Responsibly.