DraftKings March Madness Promos 2023: $1,000 with 20% Deposit Bonus

DraftKings is one of the most popular betting platforms and if we don’t mention their special offers for new and existing customers during March Madness, we aren’t doing our job correctly. That’s because DraftKings is one of the top sportsbooks in the country and they are available in most US states that have legalized sports betting.

$1,000 20% DEPOSIT BONUS
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Bonus & Offers details
  • DraftKings Sportsbook March Madness Offer: 20% Deposit Bonus of up to $1,000
  • Daily Fantasy Sports: Deposit Bonus up to $500

Terms and conditions apply

21+ years old and located in any of the states where DraftKings is legal and licensed

*Offer valid in PA, WV, CO, IN, IL, IA, TN, VA, MI, NJ, NY, and LA

Expires on: 31-12-2023
Last check: 2 days ago

What are the Top DraftKings March Madness Promos?

DraftKings Sportsbook promo code provides cool offers to their new customers. Here are only some of them now, but after this list, we will explain in detail each offer and what you can get from it for March Madness.

  • 20% Deposit Bonus of up to $1,000 on the Sportsbook
  • Deposit Bonus up to $500 on Daily Fantasy Sports
  • 100% Casino Deposit Match up to $2,000 + $60 in Casino Credits

Conditions and Terms for Each of the Bonuses & Promotion Details

These three offers are only for new customers and you can choose one welcome offer per account. This means that once you claim the sportsbook welcome bonus, for example, you won’t be able to claim the DFS welcome offer or the Casino offer for new customers anymore. Right now, there aren’t any DraftKings March Madness promos for new customers, but you can use the credits from the sportsbook offer to bet on March Madness games. Let’s see the most important details of these offers and how you can claim them.

First Deposit of up to $1,050 to New Customers

If you are looking to place bets on the upcoming college basketball tournament then the DraftKings March Madness offer for new customers is perfect because it gives you a deposit match up to $1,000. You have to deposit a minimum of $5 to qualify for the bonus. 20% of your first deposit will be credited to you as an additional deposit bonus in site credits. For example, if you make a first deposit of $100 into your account, you will receive a deposit bonus of $20 and you have to deposit $5,000 to claim the full welcome bonus of $1,000.

The bonus can be used on any of the three sections – sportsbook, casino, or DFS section. There are specific wagering requirements you have to complete to be able to withdraw any of the winnings from this deposit match. For every $25 you play on DraftKings, $1 in bonus funds will be credited to your account.

To receive the bonus, you have to place bets at odds of –300 or longer, and you have ninety days to complete the playthrough requirements before you can claim any other offers, or the bonus and any winnings you may have got will be removed from your account. The deposit bonus for the sportsbook section might not be the best offer out there because of the tough wagering requirements, but if you like what DraftKings has to offer, then maybe it’s worth it.

The most obvious requirement is that you need to be located in one of the states that provide the sportsbook and the DraftKings March Madness odds – AZ, CO, CT, IL, IN, IA, LA, MI, NH, NJ, NY, PA, TN, VA, WV, and WY. We also have information that soon they will be coming to Ontario and Maryland, as well. You also need to be of legal age, which is 21 in most states.

DraftKings March Madness Promos

$500 Deposit Bonus on Daily Fantasy Sports for New Customers

If you are a new customer and enjoy the Daily Fantasy angle more than sports betting, you can play on DraftKings’ DFS platform. You will get a 100% bonus of $500 if you complete the conditions. Same as the sportsbook welcome offer $1 from the bonus funds will be released into your account once you wager $25 on any of DraftKings’ platforms. You have ninety days to complete all requirements, and if you don’t the bonus will be taken away from you.

DraftKings Casino Welcome Bonus and Sign-Up Offer

Just for registering an account, you will receive a $60 site credit bonus. After your first deposit, you will be matched and receive a bonus of up to $2,000 for new customers. Additionally, you can receive $25 in bonus bets after your first deposit. You can only claim this bonus if you are in Michigan, West Virginia, Pennsylvania, or New Jersey. You also have to be 21 years or older to claim it.

Like all bonuses, there is a play-through requirement you need to fulfill before you can claim any winnings from this bonus or withdraw. This specific bonus comes with an x15 play-through requirement and you will have a timeframe in which you are required to complete it or it will be taken away. Read the full terms and conditions on the DraftKings Casino platform.

Refer a Friend and Get $100 Bonus

You have to send your friends a special referral link, and they have to use it to sign up to the platform. After that, they have to deposit a minimum of $25 on the sportsbook. The reward from this bonus is based on the deposit amount of your friend. For example, if they deposit:

  • $25-$49 you both will receive a bonus bet of $25
  • $50-$99 you both will receive a bonus bet of $50
  • $100+ you both will receive a bonus bet of $100

You can invite a maximum of five friends per promotion period, so the maximum bonus you can receive is $500. Also, the bonus bets received will only be active for seven days, and they disappear if you don’t use them. This is one of the DraftKings March Madness promos you can use to wager on college basketball games if you want.

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Process of Claiming the Promotion for New Customers

To claim this welcome offer, you need to have an account on DraftKings’ platform, but if you already have a DFS account, you won’t be able to claim the bonus. Once you open the platform via this special link, you need to register your account by clicking on the “Sign Up” button.

You will have to set up your account by entering the required information for the registration. After you complete this step, you are required to verify your account information by providing the necessary documents that provide your identity, address, payment method, and age. For example, these documents can be a copy of a passport or a driver’s license, a copy of a utility or phone bill issued within the last three months, or a copy of a bank or card statement. You will be notified if you need to provide any additional documents once your account is verified.

DraftKings March Madness odds

What DraftKings Offers Customers and Why You Should Choose Them

DraftKings provides their new and existing customers with so much more than cool promotions related to college sports and other popular leagues. You can use any of the DraftKings March Madness promos for existing customers, like odds boosts. They aren’t very much every day, but we are sure that at least some of the March Madness games will be included and the odds will be boosted for it. You only have to wait and see when this type of boost will pop up.

You can also use any of DraftKings’ betting features, including cash out, in-play betting, betting pools. Before the start of March Madness, you can join a special pool with your friends and see if you can predict the bracket correctly. They even offer live streaming on some events, so you might get lucky and be able to watch your favorite college games.

You need to make sure that the state you are in legalized not only sports betting but also betting on college events. Each state in particular with its rules regarding college sports and they aren’t the same everywhere. For example, in some states, it might not be legal to place bets on in-state college teams, while in others it might be available. Here are some of the specifics for some states, you still need to check and see your state’s DraftKings March Madness betting specifics beforehand.

  • Michigan, Iowa, and Indiana don’t allow prop betting on college athletes.
  • Arizona, Virginia, and Colorado don’t allow prop betting on college sports.
  • New York, Virginia, New Jersey, and New Hampshire don’t allow betting on in-state college teams.
  • High school sports are mostly excluded from any kind of wagering throughout the states.
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All the DraftKings March Madness offers

Alternative DraftKings March Madness Odds, Sportsbooks, and Promos

If you don’t like DraftKings’ welcome bonus for March Madness or something in the platform that isn’t to your liking, you can choose another sportsbook. We have made a list of the top sportsbooks that provide March Madness offers or have a high-quality platform.

Before choosing the correct sportsbook, you will want to check and see if they are available in your state at all. That’s because you can only use the sportsbook if you are located in a state that licensed it. We have prepared reviews of these sportsbooks and their March Madness promos on our site, so you can check them out before choosing the right one for you.