The 2025 NCAA Tournament bracket is set, and the madness is about to begin! With 68 teams competing for the national championship, fans are gearing up for weeks of thrilling college basketball action. If you're looking to bet on March Madness, DraftKings Sportsbook is offering new users a "Bet $5, Get $200 in Bonus Bets" offer. The best part? No DraftKings promo code is required for their sportsbook promos — just sign up, deposit, and place a $5 wager to unlock $200 in bonus bets instantly, win or lose!
Bet $5, Get $200
How DraftKings' 'Bet $5, Get $200' offer works for March Madness
The DraftKings Sportsbook sign-up bonus is one of the best offers available for March Madness betting. Here’s what new users need to know:
- No DraftKings promo code is required—just sign up and deposit.
- Make a minimum deposit of $5 into your new DraftKings account.
- Place a $5 wager on any NCAA Tournament game.
- Win or lose, DraftKings will issue $200 in bonus bets (credited as eight $25 bonus bets).
- Bonus bets are valid for seven days from the time of issuance.
- If your first bet wins, you’ll receive your cash winnings in addition to the $200 bonus bets.
- The stake of bonus bets is not included in winnings derived from those bets.
With top seeds, underdog Cinderella stories, and potential buzzer-beaters, the 2025 NCAA Tournament is the perfect time to take advantage of this DraftKings Sportsbook promo. Whether you're betting on a Final Four contender or a
March Madness upset, this offer ensures you’ll have plenty of bonus bets to use throughout the tournament.
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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 snag a $200 bonus without a DraftKings promo code
Signing up and claiming your "Bet $5, Get $200" offer at DraftKings Sportsbook is simple. Follow these steps to get started:
- Register – Click here to sign up for DraftKings Sportsbook. No DraftKings promo code is required to claim this offer.
- Deposit Funds – Make a minimum deposit of $5 into your new DraftKings Sportsbook account.
- Place a Bet – Wager $5 or more on any NCAA Tournament game to qualify for the bonus.
- Receive Bonus Bets – DraftKings will credit you with $200 in bonus bets, issued as eight $25 bonus bets, win or lose.
- Use Bonus Bets – Bonus bets expire in seven days, so use them wisely on March Madness action.
Get ready for one of the most exciting sports betting events of the year by taking advantage of this DraftKings Sportsbook bonus. Want to learn more? Check out our full DraftKings Sportsbook review for additional details.
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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