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DraftKings promo code offer: Huge $1000 deposit or $5 bet, win $200

As March Madness moves forward with its huge upheavals and big wins. With the Sweet 16 approaching, there is still plenty of time for new customers to take advantage of the DraftKings promo code offer to receive a first deposit up to $1,000.

There are many sports betting apps out there trying to lure you in with a big first offer. DraftKings has them too, but is well known for its fun, continuous promotions and its tireless commitment to excellent customer service.

DraftKings will get you started on all the fun of March Madness with its introductory offers.

DraftKings promo code: how the 20% deposit works

To qualify for DraftKings’ flagship introductory offer, new customers only need to fill in some superficial personal information and make a minimum deposit of $5. The DraftKings promo code offer is applied automatically. You are now ready to place your first bet with DraftKings. There are still plenty of games left in the NCAA Tournament to choose from.

Or you can bet on any other sport you wish, as long as there are market odds on it in DraftKings’ extensive sports betting menu.

Remember that your free bet reward with DraftKings is based on the size of your first deposit and not the performance of your first real money bet. With other online sportsbooks, you only get a reward if your first bet loses. Not at DraftKings.

You can easily win twice – not once – with the DraftKings promo code offer. If your first real bet wins, so much the better! You can withdraw the profits from this first bet directly to your bank account.

If the bet loses, you will still have a free bet to play based on your first deposit, up to $1,000. If your first deposit was, say, $1,000, you’ll receive $200 in free bets to play March Madness, NBA, NHL, European football, or any other sport with odds listed on DraftKings.

For every $25 played from free bets (at odds of -300 or higher), new users will receive $1 in bonus funds released to their player account. You have 90 days to play the free bets and you cannot withdraw the free bet funds until you have completed the game 25x.

Bet $5, get $200 in free bets with promo code DraftKings

There’s another great first-timer offer using the DraftKings promo code. This one is perfect for March Madness: it’s the “Bet $5, Win $200 in Free Bets” offer. Just place a $5 bet on any team to win a tournament match. If that team wins, you earn $200 in free bet credits to play within seven days with no odds restrictions.

Simply bet the $5 on a prohibitive favorite, and if the team wins, you not only win the stake and bet profits, but $200 in free bets, which would come in eight chips of $25 each. You can spread these eight chips around, to underdogs with potentially large payouts, or to more conservative plays that have a higher chance of success. Only profits from successful free bets are withdrawable.

There are many promotional codes for sports betting. But the DraftKings promo code offer is one that’s perfectly suited for March Madness.

To find more information about mobile sports betting and online casino bonuses, you can check out our Ontario sports betting reviews and Ontario online casino bonus codes.