It's a busy week in sports with the NBA, MLB and college basketball in action. New players can sign up with the latest DraftKings promo code offer in time to win guaranteed bonuses on the games. Create an account, make a cash deposit and start with a $5 bet on any game. This will trigger a $200 bonus instantly.Anyone who grabs this offer will receive eight $25 bonus bets. Think of this promo as an opportunity to test out the DraftKings Sportsbook app. New users can flip these bonus bets on any of the NBA games on Wednesday night. Not to mention, MLB Opening Day and the Sweet 16 of the NCAA Tournament are on Thursday. Here is a deeper dive into the details of this offer.DraftKings Promo Code Delivers $200 Instant BonusThere are no hoops to jump through when it comes to this DraftKings promo. Simply sign up and start with a $5 bet on any game. This will trigger an immediate $200 bonus. Players will receive eight $25 bonus bets.At this point, new users are ready to flip these bonus bets on the NBA, NHL, college basketball, MLB, tennis, golf, UFC or any other available market in the DraftKings Sportsbook app.We expect to see a lot of interest in the NBA on Wednesday night, but it's important to note that these bonus bets are valid for up to one week after the original wager settles. That means players can apply these bonus bets to any game throughout the week.March Madness Returns on Thursday NightThere is no Cinderella in this NCAA Tournament. The Sweet 16 is almost exclusive to the SEC, Big Ten and Big 12. The ACC's Duke is the only team from outside those three conferences to advance to the second weekend. The upside of this type of Sweet 16 is is that we should see competitive games instead of a mid-major losing a lopsided matchup.There are competitive odds and a wide range of markets available on the NCAA Tournament at DraftKings Sportsbook. Take a look at all eight matchups coming up on Thursday and Friday: Alabama vs. BYU Florida vs. Maryland Duke vs. Arizona Texas Tech vs. Arkansas Michigan State vs. Ole Miss Tennessee vs. Kentucky Auburn vs. Michigan Houston vs. Purdue How to Access This DraftKings Promo Code OfferFirst things first, it's important to highlight the fact that players can activate this offer without a promo code. Simply start the registration process and provide basic identifying information in the required fields. Make sure to deposit at least $5 in cash using online banking, PayPal, credit card, debit card or any other accepted payment method.From there, place a $5 wager on the NBA, MLB, college basketball or any other sport. That is all it takes to win $200 in bonuses instantly. Players can start flipping these bonus bets on any available market. This promo can help bettors get a head start on the weekend action.21+ and present in participating states. Gambling problem? Call 1-800-Gambler.Newsweek may earn an affiliate commission if you sign up through the links in this article. See the sportsbook operator's terms and conditions for important details. Sports betting operators have no influence over newsroom coverage.