FanDuel Promo Code: Win $200 Bonus Bets With a $5 Bet on Friday's First Round 1 March Madness Games

No FanDuel promo code is needed. Bet $5 on March Madness games like Duke vs. Mount St. Mary’s and get $200 in bonus bets — if your bet wins.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Mar 21, 2025 • 10:09 ET • 3 min read
FanDuel Promo Code for Friday's early Round 1 games
Photo By - Imagn Images

March Madness is in full swing, and FanDuel Sportsbook is making it easier than ever to jump in. New users can claim a bet $5, get $200 in bonus bets offer — and no FanDuel promo code is needed. Just sign up, deposit, and place a $5 wager on any NCAA Tournament matchup, including Friday’s first-round games like Baylor vs. Mississippi State, Robert Morris vs. Alabama, Lipscomb vs. Iowa State, and Mount St. Mary’s vs. Duke.

FanDuel’s offer is simple: if your first $5 bet wins, you'll receive $200 in bonus bets within 72 hours of settlement. With high-stakes college hoops tipping off early Friday afternoon, now’s the perfect time to get involved with new sportsbook promos.

Bet $5, Get $200 Bonus Bets If Your Bet Wins

FanDuel's 'Bet $5, Get $200' offer works for Friday's March Madness early slate

There’s no FanDuel promo code required to claim the sportsbook’s new-customer bonus. Instead, all new users need to do is download the FanDuel Sportsbook app, register, and make a minimum deposit of $5. Then, place a $5 real money wager on any available betting market — including Friday’s NCAA Tournament games such as Lipscomb vs. Iowa State or Baylor vs. Mississippi State.

If that first wager wins, FanDuel will issue $200 in bonus bets within 72 hours. The bonus is split into multiple bets and must be used within seven days of being credited. Bonus bet stakes are not included in any winnings. For instance, if you use a $50 bonus bet on Alabama vs. Robert Morris and win at +100 odds, you’d receive $50 in cash winnings — not $100.

It’s important to note that your initial bet must be a real money wager, and only your first bet after account creation qualifies for this promotion. If that bet loses, the bonus is not awarded.

No FanDuel Sportsbook promo code is needed to activate this offer — just sign up and bet.

FanDuel has 3 great March Madness boosts for Friday's games

FanDuel All Users
Get a boost for one bet! Claim Now

FanDuel All Users
Bet on one MM underdog, win a share of $1M if they're the lowest seed of the day to win! Claim Now

FanDuel All Users
Get one live bet back token, which can get a refund on one losing bet! Claim Now

FanDuel odds for Friday's early Round 1 games


Offer available to first-time customers in the following states: AZ, CO, CT, IL, IN, IA, KS, KY, LA, MD, MA, MI, NC, NJ, NY, OH, PA, TN, VT, VI, WV, WY (+DC, & PR). Not available to residents of Ontario, CA

How to win $200 bonus bets without a FanDuel promo code

Follow the steps below to claim FanDuel’s bet $5, get $200 offer and place your wager on any of Friday’s March Madness games:

  1. Register with FanDuel Sportsbook: Head to the FanDuel website or download the app to begin registration. No FanDuel promo code is required to claim the welcome offer.
  2. Deposit funds: Make a minimum deposit of $5 to activate your bonus eligibility.
  3. Place your first wager: Bet at least $5 on any Friday NCAA Tournament game, including Mount St. Mary’s vs. Duke or Robert Morris vs. Alabama.
  4. Win and receive $200 in bonus bets: If your initial wager wins, you’ll receive $200 in bonus bets within 72 hours.

Looking for more insights before joining? Check out our complete FanDuel 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.

FanDuel DraftKings BetMGM
Current Bonus Bet $5, Get $200, If Your Bet Wins Bet $5, Get $200, Win or Lose $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 Fourteen Days Seven 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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21+ and present in select states. FanDuel is offering online sports wagering in Kansas under an agreement with Kansas Star Casino, LLC. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (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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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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