When ever I convert anything made from plastic into a growing container that requires drainage holes, I never drill...I melt. A long, pointed wood screw - approx. 1/4"- 3/8" diameter - held tightly in the jaws of a vice grip pliers is all you need to melt holes into whatever...plastic cups, buckets, etc. The melted plastic stinks, but it works, and...it's quick. I heat the screw right in the gas jets on top of the stove.
I've converted buckets, decorative bathroom waste-baskets, plastic bowls, tall drinking glasses, etc. Just melt in the holes. Voila! ... instant containers with drainage.
Frank