You can unlock DraftKing's bet $5, get $200 bonus bets welcome offer — with no DraftKings promo code required, making it easier than ever for new users to wager on today's March Madness matchups.
Today's second-round schedule features John Calipari and Arkansas vs. Rick Pitino and St. John's, Houston vs. Gonzaga, plus potential Cinderellas in McNeese and Drake. Sportsbook promos like this give new customers a fast path to $200 in bonus bets — just deposit and bet $5 on any market, and you’ll receive eight $25 bonus bets, win or lose.
Bet $5, Get $200
DraftKings' 'Bet $5, Get $200' offer awards $200 bonus bets instantly for today's March Madness schedule
No DraftKings promo code is required to claim the sportsbook’s current new customer bonus — but there are some important terms and conditions.
The promotion allows you to bet $5 and get $200 in bonus bets instantly, regardless of whether your first bet wins or loses. Once you sign up and deposit at least $5, place a qualifying $5 wager on any sports market from today's March Madness slate to receive your bonus.
You’ll be awarded eight (8) $25 bonus bets after placing your qualifying wager. In most cases, these are credited instantly, though it could take up to 72 hours due to technical delays. Bonus bets are valid for seven days and can be used on any sports market within the DraftKings platform.
It’s important to note that the stake of the bonus bets is not included in any winnings. For example, if you use a $25 bonus bet on Houston vs. Gonzaga at +100 odds and win, you’d receive $25 in winnings — not $50. Also, you cannot withdraw the bonus bets as cash; they must be used to place sports bets... then you can withdraw the winnings.
This offer is available in most states where DraftKings Sportsbook operates, and no DraftKings Sportsbook promo code is needed to activate it — simply register and deposit to get started.
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DraftKings odds for today's 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 — without a DraftKings promo code
New users can claim the DraftKings bet $5, get $200 offer in just a few easy steps. Here’s how to register and start betting on today's slate of NCAA Tournament action:
- Register with DraftKings Sportsbook: Sign up online or download the DraftKings Sportsbook app. No DraftKings promo code is required.
- Deposit at least $5: Use any accepted payment method to fund your new account with a minimum of $5.
- Place your first $5 bet: Wager on any of Saturday’s March Madness matchups, such as Arkansas vs. St. John's or Gonzaga vs. Houston.
- Get $200 in bonus bets: Receive eight $25 bonus bets — win or lose — to use on additional tournament games or any other sport.
Ready to get started? Read our comprehensive DraftKings Sportsbook review for more details on the platform and its features.
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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