DraftKings March Madness promo code: Win $150 on $5 bet, plus up to $1,050 more in bonuses for Sweet 16

Catena Media provides exclusive sports betting content to OregonLive.com, including picks, analysis, tools and sportsbook offers to help bettors get in on the action. Please wager responsibly.

DraftKings promo code offers up to $1,200 in bonuses for new customers for upcoming Sweet 16 play.

As March Madness continues into its second weekend, our DraftKings promo code link spices things up and adds to the experience.

Welcome bonuses for new DraftKings users can reach up to $1,200 in bonuses, making this weekend the perfect time to sign up at DraftKings to get:

• A bonus wager of $50 after you register and deposit at least $5.
• A match of 20% on your first deposit (up to $1,000).
• Place a $5 moneyline bet and if it wins, get $150 in bonus bets (+3000).

The $50 bonus wager will show up in your new account after you register and make a deposit of at least $5. The 20% match will come with your initial deposit in the form of a $1 credit for every $25 bet until you reach the bonus amount.

Simply follow the below steps to claim all these bonuses:

• Enter through one of our DraftKings promo code links and then hit “Sign Me Up.”
• Complete all the required fields and click on “Create Account.” A specific promo code link is not required during sign-up.
• Deposit at least $5 into your new account.
• Place at least a $5 moneyline bet on any Sweet 16 game.

You’ll get $150 in bonus bets - an odds boost of +3000 - if your opening bet results in a win.

The $150 will hit your account in the form of six $25 bonus bets. You have a week to use them with DraftKings.

To view the terms and conditions for this offer, simply click on any of our DraftKings promo code links.

The Sweet 16 gets started on Thursday with some exciting matchups for fans to enjoy. No. 7 seed Michigan State is a slight favorite over No. 3 seed Kansas State. Tom Izzo is hoping to get back to the Elite 8 for the first time since 2019.

The Sweet 16 concludes on Friday as No. 2 seed Texas Longhorns take on the No. 3 seed Xavier Musketeers as 4-point favorites. Xavier is looking to advance to the Elite 8 for the first time since 2017.

The eight games over two days will be played between New York, Las Vegas, Louisville and Kansas City.

In addition to the exclusive DraftKings welcome offer, the sportsbook is offering other promotions, including:

• Profit boosts: Tokens to increase winnings by a given percentage. It could be for straight bets or parlays.
• DK crowns redemption: Earn DK crowns with every bet, and they can be redeemed for cash winnings to increase your account balance.
• College basketball no-sweat bet: Bet any men’s NCAAB game and get up to $10 back if it loses.
• Referral bonus: Claim 100% profit boosts for referring friends to DraftKings Sportsbook.

If you or a loved one has questions or needs to talk to a professional about gambling, call 1-800-GAMBLER or visit 1800gambler.net