March Madness DraftKings Promo Code: Bet $5, Get $200 in Bonus Bets Today

A hard-fought first round of the men's basketball tournament concludes today, but claiming DraftKings' latest welcome offer remains a layup for new bettors. No DraftKings promo code is needed to add a $200 bonus to your new online sportsbook account today. Read all about DraftKings’ March Madness promo below.

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

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

What you need to know about the DraftKings March Madness offer

DraftKings’ March Madness promo is ideal for any bettor. With a guaranteed $200 bonus up for grabs, now is the time to create a new sportsbook account. Keep the following key terms in mind to ensure you fully understand DraftKings’ latest offer:

Deposit and bet at least $5 on any sports betting market.
Win or lose, you’ll receive eight $25 bonus bets. You’ll also receive your regular payout if you win.
DraftKings bonus bets expire seven days after issuance and are non-withdrawable.
This DraftKings promo ends on March 30, 2025, at 11:59 PM ET.

Feel free to bet on a long shot with your initial $5 wager. You don’t need to win this bet to receive your bonus, so there’s no need to play it safe by betting a heavy favorite.

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

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.

How to claim your $200 bonus from DraftKings 

Some March Madness betting promos may require you to jump through a few hoops to claim your bonus. Luckily, the process is painless at DraftKings. Here’s how to get started:

Register: You don’t need a DraftKings promo code to claim your $200 bonus, but you will need to share your personal information and create and verify a new account. Click or tap a link on this page to begin.
Make a deposit: Choose your preferred banking method and add a minimum of $10 to your new account.
Place a bet: Bet at least $5 on March Madness or any other betting market. Win or lose, DraftKings will add $200 in bonus bets to your new account instantly.
Use your bonus: Use your eight $25 bonus bets at DraftKings within seven days or they will expire.

Can you bet on March Madness in the US?

Yes, you can bet on March Madness in the U.S. — but some states do not allow college player props or wagering on in-state squads. Refer to the table below to see where your state stands in 2025.

Compare March Madness betting promos

In addition to today’s DraftKings promo code offer, you can snag three more sportsbook 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

Odds refresh periodically and are subject to change.

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