DraftKings promo code for March Madness: Bet $5, Get $200 guaranteed & up to $1,250 in total bonuses for Thursday night games

Our DraftKings promo code for March Madness offers $200 in guaranteed bonus bets after your first $5 wager and up to $1,250 in total potential bonuses. You can make that first bet on this evening's games on the first day of the NCAA Tournament.

Among tonight's games:

• Wofford vs. Tennessee (6:50 p.m. ET, TNT)
• Arkansas vs. Kansas (7:10 p.m. ET, CBS)
• Yale vs. Texas A&M (7:25 p.m. ET, TBS)
• Drake vs. Missouri (7:35 p.m. ET, truTV)
• Omaha vs. St. John’s (9:45 p.m. ET, CBS)

We've also got betting analysis and a potential upset pick on Drake vs. Missouri from NCAAB expert Caleb Tallman. Here's how DraftKings' three-part welcome promo, totaling a potential $1,250, breaks down:

• $50 bonus bet following deposit
• 20% match on that deposit up to $1,000
• Bet $5, instantly get $200 in bonus bets

No actual promo code is needed. Simply register here, deposit at least $5 and place your first wager of $5 or more to claim each part of DraftKings' bonus.

If you are in a state where sports betting is not yet legal, try Underdog Fantasy promo code BETFPB for a $1,000 deposit bonus for wagering on March Madness player props.

Sign up here: Click to claim DraftKings promo | Underdog Fantasy promo code BETFPB

NCAA Tournament odds and picks + DraftKings March Madness promo code 

Here are odds and an ATS play from college hoops analyst Caleb Tallman on Missouri vs. Drake, which could emerge with an outright win.

Caleb's take: "Drake (30-3) is a trendy pick, one of the upset specials of the Tournament, and it is easy to see why. Missouri has lost three of its last four games, and enters the NCAA Tournament looking for answers.

"Drake has the answer with Bennet Stirtz, who averages 19.1 PPG. He has scored 24+ points in 10 games this season, and I expect him to do it against Missouri in the first round. Drake could pull off the upset, but will at least cover the spread."

Pick: Drake +6.5 

Bet here: Click to claim DraftKings promo 

DraftKings March Madness promo code for new users: Bet $5, Get $200 + $50 bonus bet + $1,000 deposit match 

New customers who sign up for an account, make a deposit and place a CBB bet of $5 or more are automatically eligible for the multi-part DraftKings bonus. 

Initial registration and deposit qualify you for the $50 bonus bet (to be paid instantly) and the 20% deposit match. Then, place a bet of $5 or more on the odds of your choice. That triggers $200 in guaranteed bonus bets. 

In total, the DraftKings promo is worth up to $1,250 in bonuses. 

How new users can sign up for DraftKings betting promo 

Follow the steps below to get started and claim your bonuses:

• Click on our DraftKings promo link and tap "SIGN ME UP"
• Fill in the required information.
• Deposit at least $5 using your preferred payment method.
• Place your first bet of $5 or more on the wager of your choice.  

From there, your $50 bonus bet will arrive, and your deposit bonus (20% of your initial deposit up to $1,000) will be activated. Once the first bet is placed, another guaranteed $200 in bonus bets will be added to your account. 

The bonus bets will be paid out in installments of $25 and remain eligible for one week.  

Play here: Click to claim DraftKings promo 

Underdog Fantasy Promo Code BETFPB for March Madness

The Underdog Fantasy promo code BETFPB guarantees access to a $1,000 deposit bonus for wagering on March Madness player props. This offer is perfect for fans who live in states that have not yet legalized sports betting but want to get in on the action. 

Note: This Underdog Fantasy bonus is available in AL, AK, AZ, AR, CA, CO, DC, FL, GA, IL, IN, KS, KY, MA, MN, MS, NE, NM, NY, NC, ND, OK, OR, RI, SC, SD, TX, UT, VT, VA, WI, WY & All Canadian Provinces except ON.

You must be over 21 to play. Gambling Problem? Call 1-800-522-4700. 1-800 GAMBLER.

Online sports betting is only available in Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, Tennessee, Vermont, Virginia, Washington, D.C., West Virginia, Wyoming.