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

Bet $5 on any Round 2 game today and get $200 in bonus bets regardless of whether it wins or loses — no DraftKings promo code needed!

Kyle LaRusic - Publishing Editor at Covers.com
Kyle LaRusic • Publishing Editor
Mar 22, 2025 • 14:20 ET • 3 min read
DraftKings Promo Code for March Madness Round 2
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The opening round of March Madness brought plenty of excitement, and with Round 2 kicking off today, DraftKings is giving new users $200 in bonus bets once they wager $5 on any game — no DraftKings promo code needed.

Not all sportsbook promos offer guaranteed bonus bets, so don't waste your time and sign up ASAP! Bring on the bonus bets and the Madness!

Bet $5, Get $200

How to claim $200 in bonus bets at DraftKings

DraftKings makes claiming this offer super easy, as new users can claim it with no DraftKings promo code necessary upon signing up.

New customers just need to register with the necessary information, make a $5 bet on any Round 2 game on Saturday, and they'll be awarded $200 in bonus bets regardless of whether the initial wager is a winner! Can someone say booyah?

Bonus bets will be paid out in eight increments of $25 within 72 hours of placing the qualifying wager. However, these bonus bets don't last forever; users must bet them within seven days of receiving them.

If you still have questions, our DraftKings Sportsbook review has you covered.


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 easy steps to get $200 in bonus bets

  1. Register with DraftKings.
  2. Deposit a minimum of $5.
  3. Bet $5 on any March Madness Round 2 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.

Gambling Problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).
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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