DraftKings Promo Code: Wager $5, Get $200 Bonus Bets Guaranteed for March Madness Elite Eight

Make a $5 bet on any Elite Eight game today and get $200 in bonus bets regardless of the outcome. No DraftKings promo code is required!

Kyle LaRusic - Publishing Editor at Covers.com
Kyle LaRusic • Publishing Editor
Mar 30, 2025 • 11:20 ET • 3 min read
DraftKings Promo Code for Elite Eight
Photo By - IMAGN IMAGES

The Elite Eight wraps up today, and new users can sign up with DraftKings to claim the amazing offer of Bet $5, Get $200 in bonus bets by betting on any game during Sunday's action.

Sportsbook promos as great as this don't come around often, so sign up right now!

Bet $5, Get $200

Things to know before claiming DraftKings Bet $5, Get $200 offer

Claiming this offer with DraftKings is simple and hassle-free. New users can take advantage of it without needing a DraftKings promo code during sign-up.

Just sign up with the required information, place a $5 bet on any Elite Eight game today, and you'll receive $200 in bonus bets — win or lose!

Your bonus bets will be distributed in eight $25 increments within 72 hours of your qualifying wager. Be sure to use them within seven days, as they will expire.

If you have any questions, check out our comprehensive DraftKings Sportsbook review for more details.


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.

Four steps from $200 in bonus bets

  1. Sign up with DraftKings.
  2. Deposit a minimum of $5.
  3. Wager $5 on any March Madness Elite Eight game (or any eligible market).
  4. Claim $200 in bonus bets over eight increments and use them within seven days.

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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Kyle LaRusic - Covers
Publishing Editor

Kyle LaRusic joined Covers in 2020 with a Holland College diploma in Journalism and a Mount Saint Vincent Degree in Public Relations. Stints at Amherst News and the Cape Breton Post helped sharpen his skills in a newsroom setting, while working for MSVU and Dalhousie’s athletic departments landed Kyle in his comfort zone.

Kyle has been an avid bettor for over five years, starting with just one Sports Interaction account before discovering both the beauty and importance of price shopping. bet365 and Pinnacle are his go to books, but accounts at 10+ sportsbooks give him an array of options. “Rusty” will bet on anything under the sun as long as there’s value and good reasoning behind it, but NHL and NFL are his two favorite leagues to watch and wager on — especially with friends.

Kyle’s biggest tip for any bettor is simple: gamble responsibly. Only bet what you’re willing to lose and make sure to install a proper bankroll method to keep track of your ROI. If you’re still dwelling on the amount you lost the next day, it’s time to decrease your spending.

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