DraftKings Promo Code: Bet $5, get $200 Instantly for CBB

DraftKings Promo Code: Bet $5, get $200 Instantly for CBB

DraftKings is giving new customers the perfect way to get involved in CBB.

With the DraftKings promo code, Bet $5, Get $200 in Bonus Bets Instantly, new users can turn a small qualifying wager into a massive bankroll boost for one of the most exciting tournaments in all of sports. CLICK HERE to sign up and claim your bonus today!

The field of 68 teams has now been set following the bracket reveal, with top seeds and mid-major hopefuls alike gearing up for a tournament that never fails to deliver shocks, upsets, and unforgettable moments.

Whether you want to back a powerhouse to go all the way or find value in a lower-seeded team primed for a run, DraftKings has markets across every game of the tournament. $200 in Bonus Bets gives you the firepower to take on all of them.

How to Claim the DraftKings Promo: Bet $5, Get $200 Instantly

See below how to claim the brand-new DraftKings New Customer offer today!

Step One: CLICK HERE or head to DraftKings and register a new account.

Step Two: Deposit $5 or more into your DraftKings account.

Step Three: Place a $5+ wager on any College Basketball Tournament market. Your first placed wager of $5+ is your qualifying bet.

Step Four: Receive $200 in Bonus Bets instantly, regardless of whether your qualifying wager wins or loses + one month of ESPN Unlimited.

How the NCAA Tournament 100% Profit Boost Works

Along with the $200 in Bonus Bets, DraftKings gives every qualifying user a 100% Profit Boost Token for an NCAA Tournament Winner bet.

Here’s how it works:

• The Profit Boost applies only to an NCAA Tournament Winner bet
• Maximum bet amount: $10
• The boost doubles your winnings (profit only - not the stake)
• Token expires April 6, 2026 at 11:59 PM ET
• All other bet types are excluded

Example: If you place a $10 bet on a +800 tournament winner, the Profit Boost doubles the profit portion - turning an $80 profit into $160.

2026 CBB: What to Expect

The bracket has been revealed and the 68-team field is locked in. The early rounds always deliver the drama that college basketball fans live for, lower seeds regularly topple household names, and the chaos of the bracket makes every game a betting opportunity.

With 68 teams, six rounds, and a national champion to be crowned, here is a quick overview of the tournament structure:

• First Four: 68 teams reduced to 64 across four play-in games
• First Round: 64 teams - the opening weekend that defines the tournament
• Second Round: 32 teams remain as the bracket begins to take shape
• Regional Semi-finals: 16 teams competing across four regional sites
• Regional Finals: The top four teams from each region battle for a spot in the national semi-finals
• National Semi-finals: Four teams, one weekend, San Antonio - April 4, 2026
• National Championship: The final two teams crown a champion on April 7, 2026

How to Use Your $200 in DraftKings Bonus Bets on the Tournament

With eight $25 Bonus Bets at your disposal, there are plenty of smart ways to approach the tournament:

• Spread across first-round games: The opening round features 32 games over two days. Spreading Bonus Bets across multiple games maximises your exposure to upsets and value plays.
• Target moneyline underdogs: Mid-major programs regularly topple high seeds in the first and second rounds. A $25 Bonus Bet on a double-digit seed at strong odds could generate a significant return.
• Back tournament favourites early: Top seeds and blue-blood programs often offer value in spread markets during the early rounds. Bonus Bets are ideal for loading up on strong favourites at shorter odds.
• Save some for the later rounds: As the field narrows, Bonus Bets become even more valuable. Holding back a few for the regional rounds ensures you still have firepower when the games matter most.

How to Watch the CBB in the US

• TV Networks: CBS, TBS, TNT, TruTV
• Tournament dates: March 17 – April 7, 2026
• National Championship: April 7, 2026
• National Semifinals venue: Alamodome, San Antonio, TX
• Streaming: Paramount+, Max, CBS, truTV, TBS, TNT

DraftKings Sportsbook Promo Code Terms & Conditions

Here are the updated terms and conditions for the $200 DraftKings promotion:

1 per new customer. Get max. $200 in Bonus Bets. Bonus Bets expire in 7 days (168 hours). Bonus Bets issued as (8) $25 Bonus Bets. Bonus Bets are single-use and non-withdrawable. Stake removed from payout. Terms: sportsbook.draftkings.com/promos Ends 4/6/26 at 11:59 PM ET. Must be physically located in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA (select parishes), MA, MD, ME, MI, MO, NC, NJ, NY, OH, PA, TN, VA, VT, WY or WV (each an “Eligible Jurisdiction” or, collectively, the “Eligible Jurisdictions”). Must be 21+ years of age or older (18+ if in DC/KY/WY/PR). New Customers Only.