The 19-year-old shooting guard was the betting favorite to have his name called first ... so it shouldn't come as a big surprise.

The Atlanta native was a beast as a freshman at Georgia -- averaging 19 points and 5 rebounds a game.

Edwards was emotional after his name was called ... honoring his late grandmother and mother -- who both died from cancer in 2015 -- with portraits by his side.

LaMelo Ball -- hands-down the most popular player in the draft -- was taken #3 overall to the Charlotte Hornets ... after the Golden State Warriors decided to go with Memphis center James Wiseman at #2.

Of course, the big event is totally virtual this year due to the coronavirus ... but that didn't stop the draft day drip!!

Iowa State star Tyrese Haliburton is making a run for best dressed ... rockin' a light blue floral print suit ... while Wiseman went with a green plaid look.

Dayton forward Obi Toppin is sporting a classic maroon 'fit ... and ya can't help but notice Ball's custom logo chain and black and gold suit.

As for celeb appearances, betcha didn't think you were gonna see Spike Lee at the draft ... but the film legend made a cameo when North Carolina star Cole Anthony -- Greg's son -- was drafted #15 overall by the Orlando Magic.

It may seem random, but Lee is longtime family friends with the Anthony fam ... and even though Cole didn't get drafted by Spike's Knicks, the dude lost his mind!!