DraftKings Promo Code Gets You $200 Bonus Bets For a $5 Wager on Round 2 of March Madness

Bet $5, Get $200

Guaranteed Bonus Bets.

Gambling problem? Call 1-800-522-4700 | 21+ in eligible states.

Last Updated: Mar 18, 2023 7:39 AM ET Read Time: 3 min
Princeton Tigers forward Tosan Evbuomwan (20) and guard Matt Allocco (14) react against the Arizona Wildcats during the second half at Golden 1 Center.
Photo By - USA TODAY Sports

The Sweet 16 will be set as Round 2 of March Madness begins this weekend!

We’ve seen 32 teams have their dreams of a national championship go by the boards, and another 16 programs will join them on the sidelines by Monday morning. 

If you’ve never wagered with DraftKings Sportsbook before, you can take advantage of their ‘Bet $5, Get $200’ promo ahead of these games. There isn’t even a code necessary to unlock it! 

It’s this easy:

  • Sign up, claim the offer, place a bet of at least $5 on any Second Round game, and get $200 in free bets.
DraftKings Logo

Bet $5, Get $200

Guaranteed Bonus Bets.

DraftKings promo code for the Second Round of March Madness

We’ve already seen some incredible action that’s a trademark of March Madness in the first round. Fifteen-seed Princeton was able to knock off two-seed Arizona, and 13-seed Furman toppled four-seed Virginia in one of the more dramatic plays in recent memory in the NCAA tournament.

Meanwhile, tournament favorites like Alabama, Houston, Kansas, UCLA, and Texas have punched their tickets to the second round. 

A wager of $5 or more on any side would unlock $200 in bonus bets for new DraftKings account holders thanks to the Bet $5, Get $200 promo!

DraftKings Logo

Bet $5, Get $200

Guaranteed Bonus Bets.

How the DraftKings promo code works

The DraftKings sign-up offer is only for new customers in eligible states. If you’ve never bet with DraftKings before, follow the steps below to claim your welcome bonus and get started today:

  1. Click here to claim the sign-up offer

  2. Select your state

  3. Follow the prompts and enter your name, address, birth date, etc.

  4. After registering and confirming your identity and location, deposit and bet at least $5 on any sport. You will receive $200 in bonus bets instantly, win or lose. 

  5. Your first wager of $5+ is your qualifying wager.

  6. The bonus is paid as six (8) $25 bonus bets. Bonus bets are not redeemable for cash and are non-transferable and non-refundable.

Covers Tip: The $200 in bonus bets expire within 7 days of receiving them. The offer expires on March 19, 2023.

DraftKings Logo

Bet $5, Get $200

Guaranteed Bonus Bets.

DraftKings Sportsbook features

DraftKings started as a pioneer in DFS and has evolved into one of the most popular and trusted sportsbooks in the country. DraftKings currently has over eight million registered users taking advantage of betting options for every major sport.

Check out our DraftKings Sportsbook review for an in-depth analysis of Covers’ No. 1-ranked betting site.

Check out our comprehensive list of sportsbook promos for more available welcome offers if you already have an account with DraftKings Sportsbook.

Who can claim a DraftKings Sportsbook promo code

This DraftKings Sportsbook promo code is available to any new customer located in one of the following states:

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