Sports Gambling

DraftKings Promo Code: Claim Instant $200 Bonus for CBB Tournament Games

By Matt Modi

Published: Mar 20th, 2026 · 3:26 PM EDT

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Gear up for the second round of the NCAA Tournament after activating this DraftKings promo code offer. All new users who sign up will receive a $200 bonus with a winning wager and a 100% profit boost token to use on tournament games today. No code is needed.

Create a new account and place your first wager for at least $5 on any CBB game today. If that wager is successful, DraftKings will instantly send that bettor eight individual bonus bets, with each worth $25 a piece. Players will have a full seven (7) days to use the awarded bonus bets on any markets they choose.

DraftKings Promo Code for College Basketball

DraftKings Promo Code	No Code Needed
New DraftKings User Offer	Bet $5, Get $200 if your bet wins
Terms and Conditions	21+ and Present in Participating States.
Date Last Verified	March 20th, 2026

Understanding the DraftKings Promo Code Details

For new DraftKings customers looking to get in on today’s college basketball slate, the latest DraftKings promo code offers a fantastic opportunity to build your bankroll. By placing a qualifying wager of just $5 on odds of -500 or longer, you can unlock $200 in bonus bets. We always look for value, but it is important to remember that this bonus is not guaranteed; your initial wager must be graded as a win to secure the promotional payout.

If your qualifying bet is victorious, the $200 reward is credited to your account as eight individual $25 bonus bets. This structure provides plenty of flexibility to spread your action across multiple matchups as the tournament unfolds. Just be sure to use them in a timely manner. We put a lot of stock in active bankroll management, and these bonus bets are only available for up to a week, officially expiring after 7 days.

NCAAB Odds, Preview Friday

Here is a look at the current spreads and totals for two of the March Madness games today at DraftKings Sportsbook:

Matchup (Time)	Spread	Total (O/U)
Miami (OH) RedHawks vs. #23 Tennessee Volunteers (4:25 p.m. ET)	TENN -11.5 / M-OH +11.5	148.5
Utah State Aggies vs. Villanova Wildcats (4:10 p.m. ET)	USU -1.5 / VILL +1.5	146.5

The 4:25 p.m. ET headline game features the 23rd-ranked Tennessee Volunteers facing the Cinderella Miami (OH) RedHawks. The Volunteers are heavy favorites, bolstered by the return of freshman Nate Ament, who recently dropped 27 points and 8 rebounds following an ankle sprain. However, the RedHawks bring explosive perimeter shooting. Forward Eian Elmer recently filled the stat sheet with 23 points, shooting 6-for-9 from deep in their First Four upset over SMU.

Meanwhile, expect a tightly contested battle at 4:10 p.m. ET, where the Mountain West champion Utah State Aggies enter as narrow 1.5-point road favorites over the Villanova Wildcats. The Aggies have tremendous momentum, with Tournament MVP MJ Collins Jr. leading the charge against a Villanova squad that recently stumbled in the Big East quarterfinals.

How to Activate This DraftKings Promo Code Offer

Claiming this welcome offer is a quick and straightforward process, and the best part is that no promo code is necessary to get started.

To unlock the offer and get ready for tonight’s college basketball action, simply follow these steps:

1. Sign Up: Click through to the DraftKings Sportsbook site or download the mobile app.
2. Register: Create and register a new account by entering standard personal information (such as your name, email, and date of birth) to verify your identity.
3. Fund Your Account: Make a minimum deposit of at least $5 using one of DraftKings’ many secure payment methods.

Once your new account is registered and that initial qualifying deposit of $5 or more is successfully processed, your promotional offer will be fully activated. You are then ready to hunt for value and place your bets on the featured matchups!