March Madness is winding down to the Elite Eight and the Final Four, and that makes this the perfect time to take advantage of the DraftKings promo code offer of a first-deposit match, up to $1,000.

With this great deal, you can make free bets on the remaining March Madness games, in a tournament known for big upsets - and big payouts. Some online sportsbooks only give you a reward if your first bet loses. Not at DraftKings.

However, your first bet performs has nothing to do with the second-stage award you’ll receive from this trusted brand, known for its innovative promotions and contest. It’s why it is a market leader in the very competitive world of sports betting apps.

How The DraftKings Promo Code Deposit Match Works

To qualify for the flagship DraftKings offer, just fill out some basic personal information and make a minimum $5 deposit. The DraftKings promo code deal will kick in automatically. That’s really it, to get started making your first bet from the wide variety of sports market odds listed daily on the DraftKings sports app/website.

Some sportsbook promo codes are based on how your first bet does. Not at DraftKings. Your free-bet award is based on the size of your deposit, not your first bet. You can easily win your first bet and still have free bets to play based on your deposit. 

If your first bet wins, great. You can withdraw the stake and profits to your bank account. Then, it would be time to play your free bets, based on the size of your first deposit.

Your free bets will be 20% of your initial deposit. So, if you deposited $500 initially, you would receive a $100 free-bet token. The token carries a 25x playthrough requirement. For every $25 played, you’d receive $1 in bonus funds added to your account.

Only the profits from free bets are withdrawable. Your bets must fully settle before profits can be withdrawn, in other words, you can’t cash out the free bets while they are still in progress.

Bet $5 On Any March Madness Game, Get $200

Here’s another great DraftKings promo code first-time offer, and it’s geared directly toward the remainder of March Madness betting. It’s simple and easy to understand just make a $5 real money wager on a team to win the game. If the team wins, you win $200 in free-bet credits to play within seven days, with no odds restrictions.

Don’t forget, you’d not only win the $200 in free bets, which would come in eight tokens of $25 each, but you’d win the stake and profits back from that winning $5 bet. The free-bet tokens could be used on games with big underdogs - and big payouts. Or, on safer plays on teams with better odds. All the profits from successful free bets are yours to immediately withdraw to your bank account.

March Madness is all about fun, and the DraftKings promo code offer wants you to have even more of it, so good luck.

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.