March Madness DraftKings Promo Code: Get $200 in Bonus Bets When You Bet $5 on the Sweet 16

Another exciting evening of college basketball awaits, and DraftKings is giving you 200 reasons to create a new online sportsbook account and get in on the betting action.

Sign up and bet $5 on any Sweet 16 matchup to get a guaranteed $200 in bonus bets — no DraftKings promo code is required.

Bet $5 and get $200 in bonus bets instantly from DraftKings - CLAIM NOW

What you need to know about the DraftKings March Madness offer

There are several key terms to keep in mind while claiming DraftKings March Madness welcome bonus.

A DraftKings promo code is not required to claim this offer.
You must deposit and bet at least $5.
Win or lose, you will receive eight $25 bonus bets.
You cannot withdraw bonus bets. You must use your entire bonus within seven days. Unused bonus bets will expire.
This offer ends on March 30, 2025, at 11:59 PM ET.

You don’t have to win your first DraftKings wager to take home your $200 bonus. Consider placing that $5 bet on an underdog or longshot to take full advantage of this offer.

Bet $5 and get $200 in bonus bets instantly from DraftKings - CLAIM NOW

This DraftKings promo is available to new customers in the following states: AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY. Bonus not available in Ontario, Canada.

More DraftKings offers for all users

DraftKings’ ‘Promos’ section is home to a variety of bonuses and boosts for existing DraftKings users. Keep a close eye on this section each day to make sure you don’t miss any of the sportsbook’s exclusive March Madness promos. For example:

Race to X Points Bet & Get: When you bet a Race to X Points market, you’ll receive a college basketball profit boost live bet token

How to claim $200 in bonus bets from DraftKings

Claiming your $200 bonus from DraftKings takes only a few minutes. Follow the steps below to take advantage of the sportsbook’s March Madness promo:

Register: Click or tap a link on this page to go to the DraftKings website. There, you can create a new online sports betting account.
Make a deposit: Browse the supported banking options and select your preferred method. Add at least $5 to your account. 
Place a bet: You must make a minimum $5 wager to earn your bonus. Bet on any available betting market at DraftKings. Win or lose, you’ll receive $200 in bonus bets.
Use your bonus: Your reward will come as eight $25 bonus bets, and you must use them within seven days.

Can you bet on March Madness in the US?

Yes, March Madness betting is legal in the U.S. However, some states offer limited betting markets. Check out the table below to see if you can wager on player props and in-state teams in your region.

sdag — Legal States | Sports Illustrated

Compare March Madness betting promos

Four unique sportsbook welcome bonuses are up for grabs during March Madness. After snagging your DraftKings offer, claim up to $1,700 in bonus bets and 10 100% profit boosts from BetMGM, Caesars Sportsbook, and FanDuel.

	BetMGM	Caesars Sportsbook	FanDuel	DraftKings
March Madness betting promo	Up to $1,500 in bonus bets	Bet $1, double your winnings on next 10 bets	Bet $5, get $200 in bonus bets if you win	Bet $5, get $200 in bonus bets if you win
Promo code	SI1500	SICZRDYW	No code required	No code required
Bonus form	1 or 5 bonus bets	10 100% profit boost tokens	$200 in bonus bets	Eight $25 bonus bets
Minimum deposit	$10	$10	$5	$5
Minimum bet	N/A	$1	$5	$5
Days to use bonus	7 days	14 days	7 days	7 days

Odds refresh periodically and are subject to change.

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