DraftKings Promo Code: Bet $5 on the NCAA Tournament, Get $200 Bonus Bets

No DraftKings promo code is needed! Bet $5 on the NCAA Tournament and get $200 in bonus bets, win or lose. Sign up now and claim this exclusive offer!

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Mar 19, 2025 • 21:05 ET • 3 min read
DraftKings Promo Code for Round 1 of the NCAA Tournament
Photo By - IMAGN IMAGES

The NCAA Tournament tips off this Thursday, bringing the excitement of March Madness to sports bettors nationwide. Whether you're backing a top seed or looking for a Cinderella story, new users can claim $200 in bonus bets at DraftKings by simply placing a $5 wager—no DraftKings promo code required. Sportsbook promos like this offer are the perfect way to start betting on college basketball’s biggest event!

Bet $5, Get $200

How the bet $5, get $200 offer from DraftKings works without a promo code

New customers can unlock $200 in bonus bets when they bet $5 on any NCAA Tournament game. There’s no DraftKings promo code required—just sign up and place your wager to activate the offer.

Here’s what you need to know:

  • No DraftKings promo code is needed—simply register and deposit at least $5.
  • Place a $5 real-money bet on any NCAA Tournament game.
  • Regardless of the outcome, you’ll receive $200 in bonus bets instantly or within 72 hours.
  • Bonus bets are issued as eight (8) $25 bonus bets and must be used within seven days.
  • Any winnings from the bonus bets are withdrawable, but the stake is not included in payouts.

With the tournament featuring thrilling matchups, this is an excellent opportunity to boost your bankroll as you follow your bracket picks.

Get more bonuses with DraftKings March Madness boosts

DraftKings All Users
Place a 4+ leg CBB futures parlay, get a 50% CBB parlay boost token! Claim Now

DraftKings All Users
Get a no-sweat 2+ leg parlay/SGP/SGPx! Claim Now

DraftKings odds for TEAM vs TEAM


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 claim $200 bonus bets for March Madness betting!

Follow these steps to claim your DraftKings promo code offer and start betting on the NCAA Tournament:

  • Register – Sign up for DraftKings Sportsbook. No promo code is required.
  • Deposit Funds – Make a minimum deposit of $5 to qualify.
  • Place a Bet – Wager $5 or more on any NCAA Tournament game.
  • Receive Bonus Bets – Get $200 in bonus bets, win or lose.

Don’t miss this chance to cash in on March Madness—sign up now and claim this DraftKings promo code offer before the tournament tips off! Read our full DraftKings Sportsbook review for more details.


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 $200, Instantly Bet $5, Get $200, 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 $200 Bonus Bets $200 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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21+ and present in select states.Gambling Problem? Call 1-800-GAMBLER (CO, IA, KY, MI, NJ, OH, PA, IL, TN, VA, VT), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), visit www.mdgamblinghelp.org (MD), 1-800-522-4700 (WY), or visit www.1800gambler.net (WV).

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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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