New customers can cash in on DraftKings Sportsbook’s bet $5, get $200 in bonus bets promotion — and the best part? No DraftKings promo code is required. Whether you're betting on Friday's first-round NCAA Tournament matchups like Baylor vs. Mississippi State, Robert Morris vs. Alabama, Lipscomb vs. Iowa State, Norfolk State vs. Florida, or Troy vs. Kentucky, this offer gives new users a simple and rewarding way to start.
Just register, deposit at least $5, and make a qualifying wager of $5 on any betting market. You'll receive $200 in bonus bets, win or lose, making sportsbook promos like this a perfect way to dive into March Madness with a strong bankroll boost.
Bet $5, Get $200
How the 'Bet $5, Get $200' offer works without a DraftKings promo code
DraftKings’ welcome offer requires no promo code — making it one of the most accessible promos in the industry. All you need to do is create a new account, deposit $5 or more, and place a $5 real money bet on any sports market, including Friday's tournament games like Florida vs. Norfolk State or Kentucky vs. Troy.
Once you place your first qualifying bet, DraftKings will issue eight $25 bonus bets, typically within minutes. However, in rare cases, it may take up to 72 hours. These bonus bets are valid for seven days and can be used on any sport or market, including more NCAA Tournament action this weekend.
It’s important to note that the bonus stake is not included in any winnings. For example, if you place a $25 bonus bet on Baylor vs. Mississippi State at +100 odds and win, you’ll receive $25 in profit — not $50. Additionally, users must complete a 1x wagering requirement before withdrawing any winnings from the bonus bets.
This promotion is available in most states where DraftKings Sportsbook operates, and again, no DraftKings promo code is needed to claim the offer.
Get more March Madness bonuses and boosts from DraftKings
All Users
Place a 'Race to X' bet, get a live profit boost token! Claim Now
All Users
Get a no-sweat 2+ leg parlay/SGP/SGPx! Claim Now
DraftKings odds for Friday's March Madness Slate
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 get a $200 bonus on Friday's March Madness slate
Here’s how to unlock $200 in bonus bets and start betting on Friday’s March Madness schedule:
- Register with DraftKings Sportsbook: Sign up online or through the DraftKings app. You do not need to enter a DraftKings promo code to qualify.
- Make a deposit: Fund your account with at least $5 using your preferred payment method.
- Place a $5 wager: Bet on any Friday NCAA Tournament matchup, such as Robert Morris vs. Alabama or Lipscomb vs. Iowa State.
- Receive $200 in bonus bets: Win or lose, you’ll get eight $25 bonus bets credited to your account.
Get the full scoop on the platform before joining — read our in-depth DraftKings Sportsbook review.
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.
|
 |
 |
|
|---|---|---|---|
| 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.
Gambling Problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).
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).
