March Madness DraftKings Promo Code: Get $200 in Bonus Bets Instantly When You Bet $5

Brian Giuffra | Mar 20, 2025

DraftKings / Sports Illustrated

Round 1 of the best college basketball tournament, March Madness, is now underway, and there are plenty of matchups for you to wager on.

Claim DraftKings Sportsbook’s welcome bonus to earn $200 in bonus bets when you place your first $5 wager — no DraftKings promo code is required. That's a great way to get in on the action with bonus bets.

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

1. What you need to know about the DraftKings March Madness offer 
2. More DraftKings offers for all users 
4. Can you bet on March Madness in the US? 
5. Compare March Madness betting promos 

What you need to know about the DraftKings March Madness offer 

No promo code is needed to claim your welcome bonus at DraftKings, but be sure to review the following important terms before registering for your new account:

• A minimum deposit of $5 is required to qualify for this offer. You must also place a $5 wager.
• Regardless of the outcome of the bet, DraftKings will award you eight $25 bonus bets. If your bet wins, you’ll also receive your standard winnings.
• Bonus bets from DraftKings cannot be withdrawn and will expire after seven days.
• This promotion ends at 11:59 PM ET on March 30, 2025. 

With your $200 bonus awarded instantly, there’s no need to play it safe with your first $5 wager at DraftKings. We recommend picking a lower seed for your shot at a larger payout. 

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 offers several additional promotions for new and existing users looking to get more action on the first round of March Madness.

• College Basketball Race to X Points Bet & Get: Place a bet on a ‘Race to X Points’ market and receive a live profit boost to use on March Madness.
• Free $50K Women's College Basketball Bracket: Pick the winners in the NCAA women’s tournament for a chance at cash prizes.

How to claim $200 in bonus bets from DraftKings 


As a new DraftKings user, you can claim your welcome bonus in minutes. Follow these steps to ensure you remain eligible for the March Madness offer:

• Sign up: Click any link on this page to create your DraftKings account. No promo code is needed, but you’ll need to provide your personal information to verify your account and claim your bonus.
• Deposit funds: Make a minimum deposit of $5 to unlock the DraftKings welcome offer.
• Place your bet: Place an initial bet of $5 or more on any sports market. No matter the result, you’ll receive $200 in bonus bets right away.
• Claim your bonus: You’ll have seven days to use your eight $25 bonus bets.

Can you bet on March Madness in the US? 

While certain states have restrictions on college sports betting and player prop bets, most states with legal betting permit wagers on March Madness. Check the table below to find out your state's stance on March Madness betting.

Legal States / Sports Illustrated

Compare March Madness betting promos 

March Madness has driven the top online sportsbooks to up their game. Along with this DraftKings promo offer, you can also take advantage of generous welcome bonuses 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

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Odds refresh periodically and are subject to change.

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