As March Madness marches on with its huge upsets and big payouts. As we approach the Sweet 16, there is still plenty of time for new customers to take advantage of the DraftKings promo code offer to receive a first-deposit match of up to $1,000.

There are a lot of sports betting apps out there that try to lure you in with a big come-on first offer. DraftKings has those, too, but is well-known for its ongoing, fun promotions and tireless commitment to excellent customer service. 

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

DraftKings Promo Code: How 20% Deposit Match Works

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

Or you can bet on any other sport you’d like, provided there are market odds on it from the wide DraftKings sportsbook menu. 

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

You can easily win twice - not just once - with the DraftKings promo code offer. If your first real bet wins, great! You can withdraw the profits from that first bet straight into your bank account.

If the bet loses, you’ll 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 on March Madness, NBA, NHL, European soccer or any other sport with odds listed at DraftKings.

For every $25 played from the free bets (at odds of -300 or greater), new users will receive $1 in bonus funds released into their player account. You have 90 days to play the free bets through, and you can’t cash out the free-bet funds until you’ve completed the 25x playthrough.

Bet $5, Win $200 In Free Bets With DraftKings Promo Code

There is another terrific first-time offer using the DraftKings promo code deal. This one is perfect for March Madness: It’s the “Bet $5, win $200 in free bets” offer. Just make a $5 moneyline wager on any team to win a game in the tournament. If that team wins, you win $200 in free-bet credits to play within seven days with no odds restrictions.

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

There are a lot of sportsbook promo codes out there. But the DraftKings promo code offer is the one perfectly tailored toward March Madness.

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