DraftKings Promo Code: Bet $5, Get $200 Instantly on Tonight's Round 1 March Madness Games

No DraftKings promo code needed. Bet $5 on NCAA Tournament games like UConn vs. Oklahoma or Oregon vs. Liberty and get $200 in bonus bets, win or lose.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Mar 21, 2025 • 15:07 ET • 3 min read
DraftKings Promo Code for Late Friday March Madness Games
Photo By - IMAGN IMAGES

DraftKings Sportsbook is giving new customers an easy way to boost their March Madness betting — and no DraftKings promo code is required. With Friday night’s NCAA Tournament matchups on deck, including New Mexico vs. Marquette, Akron vs. Arizona, Oklahoma vs. UConn, Xavier vs. Illinois, Bryant vs. Michigan State, and Liberty vs. Oregon, now’s the perfect time to get in the game.

New users who sign up, deposit $5 or more, and place a $5 wager will instantly receive $200 in bonus bets, regardless of whether their first bet wins or loses. No code, no hassle — just bet and get rewarded.

Bet $5, Get $200

How DraftKings' 'Bet $5, Get $200' offer works for Friday night's March Madness slate

You don’t need a DraftKings promo code to claim this offer — it’s automatically available to eligible new users in states where DraftKings Sportsbook operates. Once registered, just deposit a minimum of $5 and place a $5 real-money wager on any sports market — like Friday’s NCAA Tournament matchups such as Xavier vs. Illinois or Akron vs. Arizona.

Once your qualifying wager is placed, you’ll receive eight (8) $25 bonus bets, usually instantly. However, it could take up to 72 hours to be credited in rare cases. The bonus bets are valid for seven days and can be used on any sport or betting market available on DraftKings.

Bonus bets do not include the stake in any winnings. For example, if you use a $25 bonus bet on Michigan State vs. Bryant at +100 odds and win, you’ll receive $25 in winnings — not $50. You must complete a 1x wagering requirement to unlock withdrawable winnings from bonus bets.

This DraftKings Sportsbook offer is only available to new users and does not require a DraftKings promo code to activate. Just register, deposit, and bet.

Get more March Madness bonuses and boosts from DraftKings

DraftKings All Users
Place a 'Race to X' bet, get a live profit boost token! Claim Now

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

DraftKings odds for Late Friday March Madness Games


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 $200 bonus bets tonight without a DraftKings promo code

Here’s how to claim your DraftKings welcome bonus and start betting on Friday night’s NCAA Tournament showdowns:

  1. Register with DraftKings Sportsbook: Sign up through the DraftKings app or website. You do not need to enter a DraftKings promo code.
  2. Make a deposit: Fund your account with at least $5 using a secure payment method.
  3. Place a $5 bet: Choose a market from any of Friday’s NCAA games, such as New Mexico vs. Marquette or Liberty vs. Oregon, and place your qualifying wager.
  4. Receive $200 in bonus bets: Once your first bet is placed, you’ll get eight $25 bonus bets to use across any market.

Ready to learn more? Read our full DraftKings Sportsbook review for in-depth insights before you place your bet.


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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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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