March Madness is here, and DraftKings Sportsbook has an exciting welcome offer for new users looking to bet on NCAA Tournament games like Creighton vs. Louisville and Purdue vs. High Point. Right now, you can bet $5 and get $200 in bonus bets, win or lose—and the best part is, no DraftKings promo code is required to claim this offer. Whether you’re backing Wisconsin against Montana or eyeing Houston’s first-round clash with SIU Edwardsville, sportsbook promos like deliver an instant boost to your bankroll.
Bet $5, Get $200
How the 'Bet $5, Get $200' offer from DraftKings works for March Madness Round 1 Games
New DraftKings Sportsbook users can activate this bet $5, get $200 offer without needing a DraftKings promo code. Here’s what you need to know before placing your bets on March Madness:
- Make a minimum deposit of $5 into your new DraftKings account.
- Place a qualifying $5 bet on any sports market, including the Creighton vs. Louisville matchup.
- Win or lose, you’ll receive $200 in bonus bets—credited as eight (8) $25 bonus bets within 72 hours.
- Bonus bets expire after seven days, so be sure to use them during the tournament.
- If your first bet wins, you still keep your winnings in addition to receiving the bonus bets.
With powerhouse teams like Auburn facing Alabama State, this promotion provides extra value for your wagers during the tournament’s opening rounds.
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DraftKings odds for the 2025 March Madness Tip-Off
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 instantly without a DraftKings promo code
Signing up for DraftKings Sportsbook and claiming this bet $5, get $200 bonus is easy. Follow these steps to start betting on March Madness:
- Register: Create a new account with DraftKings Sportsbook—no DraftKings promo code is needed.
- Deposit Funds: Make a minimum deposit of $5 to qualify for the bonus.
- Make a Bet: Place a $5 wager on any NCAA Tournament game, such as Wisconsin vs. Montana or Houston vs. SIU Edwardsville.
- Receive Bonus Bets: Whether your bet wins or loses, DraftKings will credit your account with $200 in bonus bets within 72 hours.
- Use Your Bonus Bets: Bonus bets expire seven days after issuance, so be sure to place your wagers before they’re gone.
March Madness is full of surprises, and this DraftKings Sportsbook offer is the perfect way to get in on the action. Sign up today and start betting on college basketball’s biggest tournament!
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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 |
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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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