Full Breakdown
College Basketball Round 3 Betting Promotions: DraftKings and Fanatics
3/28/2026, 3:43:08 PM
Overview of Promotions
As College Basketball Round 3 approaches, two prominent sportsbooks, DraftKings and Fanatics, are offering significant promotions to attract new users. Both platforms provide enticing bonuses for bettors looking to engage with the tournament's high-stakes matchups.
DraftKings Promo Details
DraftKings is offering a promotion where new users can bet $5 to receive $200 in bonus bets. This offer is available for the Round 3 matchups, which include teams like Duke, Michigan, UConn, and Iowa State. To claim the bonus, users must make an initial deposit of at least $5 and place a qualifying wager. Upon doing so, they will receive eight $25 bonus bets, which can be used on any College Basketball Round 3 games or other sports. Notably, the bonus bets expire seven days after issuance, and the stake does not count toward winnings.
Fanatics Sportsbook Promo Details
Similarly, Fanatics Sportsbook is providing a promotion where new users can bet $5 and instantly receive $200 in FanCash. This offer applies to the same Round 3 matchups, allowing bettors to capitalize on the excitement of games featuring teams like Duke and Alabama. To activate the promotion, users must create an account, toggle on the promotion in their bet slip, and place a qualifying wager with minimum odds of -500. The FanCash reward is granted immediately after the qualifying bet settles, regardless of its outcome.
Steps to Claim Promotions
DraftKings
1. Download the DraftKings Sportsbook app and complete registration.
2. Make an initial deposit of at least $5.
3. Select the promotional token before placing a minimum $5 wager.
Fanatics
1. Visit the Fanatics Sportsbook website or download the app.
2. Create an account and complete email authentication.
3. Toggle on the promotion in your bet slip and place a $5 wager with minimum odds of -500.
Ongoing Promotions for Existing Users
Both DraftKings and Fanatics continue to offer various promotions for existing customers. DraftKings provides daily odds boosts and special event promotions, while Fanatics features profit boosts and parlay insurance. Users are encouraged to check the 'Promos' section within each app for the latest offers.
Criticism & Opposition
While these promotions are designed to attract new users, some critics argue that the terms can be misleading, particularly regarding the expiration of bonus bets and the conditions for qualifying wagers. Concerns have been raised about the accessibility of these promotions for casual bettors who may not fully understand the wagering requirements.
Conclusion
The promotional offers from DraftKings and Fanatics present valuable opportunities for new bettors during College Basketball Round 3. With straightforward steps to claim bonuses and ongoing promotions for existing users, both sportsbooks aim to enhance the betting experience during this exciting time in college basketball.
