It’s time to get mad. The 2025 NCAA men’s basketball tournament is about to start, which makes this the perfect time to sign up with the DraftKings promo code (no code needed), which gives new users a bet $5, get $200 in bonus bets instantly deal.

So if you’re a new bettor looking to get in on the action with one of the leaders in sports betting, here is how this offer from one of the best March Madness betting sites works.

DraftKings promo code at a glance

DraftKings promo code: How to claim the offer

The DraftKings new user promo is great because you get your bonus bets whether you win or lose. Here are the steps to collect eight $25 bonus-bet credits.

1. Sign up for a new DraftKings Sportsbook account with no bonus code required
2. Deposit $5+ and make a first wager of at least that amount.
3. Collect $200 in bonus bets, distributed as eight $25 bonus bets within 72 hours of placing your first wager
4. Play through the bonus bets within seven days or risk forfeiture
5. Bonus bets expire in 7 days
6. Bonus bets have no cash value and will not be included in winnings

Bonus bets must be played through at least 1x before they can be withdrawn. Bonus bets will only pay out profit instead of profit plus stake of a cash bet.

The initial wager must be placed within 30 days of sign-up but may settle at any time. Bonus bets also may settle at any point, meaning they are eligible for Futures bets or any market DraftKings offers.

DraftKings existing user promos

DraftKings has made its name with promotions that keep players coming back for more. But here are some of the promos the book is best known for.

• Odds boosts: DraftKings always has odds boosts for every marquee sporting event on the calendar. It also routinely lets users curate their own boosted bets — typically for parlays.
• No sweat bet: Place a multi-leg March Madness wager, and DraftKings will reimburse your stake with a bonus bet if your parlay — either traditional or same-game — does not hit. This promo is available every day of the NCAA Tournament and carries a minimum of -500 odds per leg.

How to use the DraftKings promo code for March Madness

Maryland +6.5 (-110) vs Florida at DraftKings

The Gators are the top seed in the West region but will have their work cut out for them against one of the top defensive teams remaining.

Maryland is allowing exactly 60 points per game in the NCAA Tournament, which makes the Under (156.5, -105) as a compelling prediction for the regional semifinal too.

Maryland has been playing close, competitive games all season — its eight losses have come by 28 total points. But the Terrapins haven’t been able to get over the hump and beat any of the remaining teams, except their six-point win at Michigan on March 5.

The best part is if the Terps don’t win, or even cover +6.5, you’ll still get eight $25 bonus-bet credits thanks to the DraftKings promo code.