March Madness DraftKings Promo Code: Bet $5, Get $200 in Bonus Bets for the Sweet 16

Brian Giuffra | Mar 27, 2025

DraftKings Promo / Sports Illustrated

A stacked Sweet 16 card tips off tonight with matchups featuring No. 1 seeds Florida and Duke. Claim your welcome bonus from DraftKings to lock in your best bets ahead of the March Madness.

Stick around to find out how you can grab $200 in bonus bets without the need for a DraftKings promo code.

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

What you need to know about the DraftKings March Madness offer

No DraftKings promo code is required to claim this sportsbook welcome offer, but there are several terms and conditions you’ll need to formularize yourself with before you claim it:

• A minimum $5 deposit and wager is required.
• You’ll receive eight $25 bonus bets regardless of the outcome of your wager.
• DraftKings bonus bets are non-withdrawable, and each bonus bet token expires seven days after issuance.
• This March Madness DraftKings promo offer ends on March 30, 2025, at 11:59 PM ET.

This DraftKings bonus is guaranteed when you deposit and bet $5. Therefore, we recommend aiming for a larger payout by betting an underdog with your initial wager. If you lose, you still receive $200 in bonus bets.

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

Check out DraftKings’ ‘Promos’ section to stay on top of the online sportsbook’s latest betting offers. You can expect to find profit boosts, no-sweat bets, and much more during March Madness.


How to claim $200 in bonus bets from DraftKings

As a new DraftKings user in an eligible state, you can create a new betting account, place a bet, and receive your bonus bets in minutes. Here’s how you can get started.

• Register: Click or tap a link on this page and we’ll take you directly to the DraftKings website. Sign up by sharing your personal details.
• Make a deposit: Add a minimum of $5 to your account to remain eligible for your welcome offer.
• Place a bet: Lock in a minimum $5 wager on any sports betting market. You’ll receive eight $25 bonus bets instantly.
• Use your bonus: Line up your eight bonus bets over the following week. DraftKings gives you seven days to use each bonus bet token.

Can you bet on March Madness in the US?

Yes, it is legal to bet on March Madness in the U.S. and several states permit college sports betting with no restrictions. However, some states place limitations on college player prop betting and wagers on in-state teams. Below, we outline what is and isn’t allowed in notable states.

Legal States / Sports Illustrated

Compare March Madness betting promos

The March Madness DraftKings promo code offer is a winner, but there are more welcome bonuses to claim at the top online sportsbooks in the U.S.

Here's a look at top-tier offers 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.

If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER.