DraftKings NCAA Promo: Bet $5 on First Four Games, Get $200 Bonus + 100% Profit Boost

March Madness is about to get underway, and the First Four matchups provide an early look at the excitement ahead. DraftKings Sportsbook is adding even more value to these opening games with a Bet $5, Get $200 welcome offer, along with a 100% profit boost on your NCAA Tournament champion pick.

For new users, it’s a simple way to start the tournament with extra betting power.

DraftKings First Four Offer: Turn $5 Into $200 in Bonus Bets

The NCAA Tournament begins in Dayton, where the First Four games tip off on Tuesday and Wednesday. DraftKings is giving new customers a chance to take advantage of these early matchups by placing a small qualifying bet.

All you need to do is wager $5 or more on any First Four game, and DraftKings will reward you with $200 in bonus bets, regardless of the outcome.

The bonus is issued as eight $25 free bets, allowing you to spread your action across multiple games throughout March Madness. On top of that, you’ll also receive a 100% profit boost token to apply to your pick for the national champion.

How the DraftKings Promotion Works

Here’s a simple breakdown of the offer in action:

Imagine placing a $5 bet on Texas to defeat NC State at -115 odds.

• If your bet wins, you’ll receive $9.35 total payout ($5 stake + $4.35 profit).

• If your bet loses, you won’t win the wager—but you’ll still receive $200 in bonus bets.

Either way, you’ll head into the rest of the tournament with extra funds to place additional bets.

Steps to Claim the $200 Bonus + Profit Boost

Getting started with DraftKings is quick:

1. Sign up for DraftKings Sportsbook

Download the app or visit the website to create your account.

2. Complete registration

Enter your details and verify your identity.

3. Deposit funds

Add at least $5 to your account.

4. Place your qualifying bet

Bet $5 or more on a First Four game with odds of -500 or longer.

Once your wager is placed, you’ll receive:

• $200 in bonus bets (win or lose)

• 100% profit boost for an NCAA Tournament winner bet

Profit Boost: Extra Value for Your Championship Pick

One of the standout features of this promotion is the 100% profit boost token. This can be used on a bet for the team you believe will win the NCAA Tournament.

If your pick goes all the way, your profit is doubled, adding significant value to your futures wager during March Madness.

First Four Preview: Teams to Watch

The 2026 NCAA Tournament kicks off in Dayton, Ohio, where teams compete for the final spots in the main bracket.

One key matchup features NC State vs. Texas, with the Wolfpack entering the tournament in strong form after an impressive ACC tournament run.

Another game to watch is Lehigh vs. Prairie View A&M, with both teams riding winning streaks and looking to carry their momentum into the tournament.

These opening games often produce surprises, making them ideal for bettors searching for early value.

Coverage of the First Four begins at 6:40 PM ET on truTV.

Other NCAA Sportsbook Promotions to Consider

While DraftKings offers one of the most accessible deals, other sportsbooks also provide competitive March Madness promos:

bet365

Bet $10 and receive $365 in bonus bets, plus free spins in select states.

Fanatics Sportsbook

Earn up to $1,000 in FanCash over your first 10 days of betting.

FanDuel

Get up to $300 in bonus bets per day for 10 days.

Why This DraftKings Offer Is Worth It

This promotion stands out because it:

• Requires only a $5 bet to unlock $200 in bonuses

• Rewards you regardless of your bet outcome

• Includes a profit boost for long-term tournament value

For anyone looking to get involved in March Madness betting, this is one of the easiest and most rewarding entry points.