We're down to eight teams still partaking in March Madness, with two more going home today — new users at DraftKings can get in on the action with their Bet $5, Get $200 in bonus bets welcome bonus today.
Sportsbook promos are a great way to build up your bankroll; just bet $5 on either Duke vs. Alabama or Florida vs. Texas Tech and get $200 in bonus bets instantly!
Bet $5, Get $200
How to score $200 bonus bets without a DraftKings promo code
The DraftKings Bet $5, Get $200 offer is an easy way for new users to earn bonus bets during the NCAA Tournament.
To qualify, just sign up, deposit at least $5, and place a $5 real-money wager on any market for Duke vs. Alabama or Florida vs. Texas Tech. No DraftKings promo code is required to activate the offer.
Once your qualifying wager is placed, you'll receive eight (8) $25 bonus bets — regardless of whether your initial bet wins or loses. The bonus bets are within 72 hours of the qualifying wager settling. They are valid for seven days, and any winnings from those bets are yours to keep. However, the bonus stake is not included in any payouts.
This offer is available in most states where DraftKings Sportsbook is legally operating. If your first wager wins, you’ll also collect your regular cash winnings in addition to the $200 in bonus bets, making this a win-win scenario for March Madness bettors.
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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 for tonight's Elite Eight action
Here’s how to lock in your bonus and start betting on these Regional Final matchups:
- Register: Create a DraftKings Sportsbook account. No DraftKings promo code is required.
- Deposit Funds: Add at least $5 to your account.
- Place a Bet: Make a $5 real-money wager on any market for Duke/Alabama or Florida/Texas A&M.
- Receive Bonus Bets: Get $200 in bonus bets, issued as eight $25 credits, regardless of your bet’s outcome.
- Use or Withdraw Winnings: Use your bonus bets within seven days. Winnings are withdrawable after completing the 1x playthrough requirement.
This is one of the best ways to get started betting on the tournament’s biggest matchups. For more details about the platform, read our full 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.
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|---|---|---|---|
| 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 |
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