DraftKings Promo Code: Bet $5, on Round 2 of March Madness, Get $200 Bonus Bets

Bet $5, get $200 in bonus bets for March Madness—no DraftKings promo code needed. Back your Round 2 pick today.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Mar 22, 2025 • 09:22 ET • 3 min read
DraftKings Promo Code for Saturday's Second Round NCAA Tournament Games
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Looking to bet on NCAA Tournament Round 2 action like McNeese vs Purdue or UCLA vs Tennessee? DraftKings is offering a can't-miss welcome bonus for new users—bet $5, get $200 in bonus bets, win or lose, and the best part? No DraftKings promo code is needed to claim it.

Whether you’re backing a favorite like Houston vs Gonzaga or taking a shot on underdogs like Drake against Texas Tech, sportsbook promos like this from DraftKings Sportsbook give you the perfect chance to jump into the madness with a bonus you can use across multiple markets.

Bet $5, Get $200

DraftKings awards $200 bonus bets for one $5 bet on a Saturday NCAA Tournament game

DraftKings Sportsbook is rolling out a generous sign-up bonus that does not require a DraftKings promo code. Simply bet $5 on any March Madness game on Saturday and you'll receive $200 in bonus bets, regardless of whether your wager wins or loses.

To qualify, new users must make a minimum $5 deposit and place a $5+ real money wager. Once the qualifying bet is placed, eight $25 bonus bets will be awarded—typically instantly, but no later than 72 hours in case of technical issues. These bonus bets expire in 7 days, and any winnings from them will not include the original stake.

This offer is available in most states where DraftKings Sportsbook operates. There's no DraftKings Sportsbook promo code required, but it’s only for first-time users. Bet confidently on games like Arkansas vs St. John’s or Michigan vs Texas A&M and enjoy a bonus that gives you more ways to win.

Whether you’re a Big Ten fan watching Wisconsin battle BYU, or want to ride with Creighton vs Auburn, DraftKings provides a user-friendly experience and fast bonus delivery. Just remember: one qualifying wager is all it takes to unlock the bonus—no promo code needed.

Live odds for Saturday's Round 2 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 on Saturday without a DraftKings promo code

Getting started with DraftKings Sportsbook is quick and easy, and you'll be betting on Saturday’s NCAA Tournament games in no time. Here’s how to lock in your bet $5, get $200 bonus:

  1. Register: Download the DraftKings Sportsbook app or sign up on the website. You’ll need to enter some personal information to verify your identity, but no DraftKings promo code is required.
  2. Deposit Funds: Make a minimum $5 deposit to activate your welcome bonus eligibility.
  3. Make a Bet: Place a $5 real money wager on any market for Saturday’s Round 2 matchups, including Gonzaga vs Houston or Creighton vs Auburn.
  4. Receive Bonus Bets: You’ll receive eight $25 bonus bets within minutes (or up to 72 hours). Use them across any available markets.
  5. Withdraw Winnings: If your qualifying bet wins, the cash is yours. Bonus bets must be used within 7 days and are not included in the payout.

Ready to get started? Read our full DraftKings Sportsbook review to learn more about features, betting options, and available markets.


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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