March Madness, or the NCAA Basketball Tournament, is one of the most thrilling events for sports bettors, and sportsbooks are rolling out some of their best promotions for those looking to get in on the action. With bonus bets, first-bet safety nets, and high-value offers, now is the perfect time to take advantage of these deals to maximize your tournament wagers.
These top March Madness betting bonuses allow bettors to place wagers on a variety of matchups — from early rounds to the National Championship Game — with extra value and reduced financial risk. Here’s a look at the best sportsbook signup promos for this year’s March Madness betting.
Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win*
*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms. 21+. Gambling Problem? Call 1-800-GAMBLER
Use Bonus Code: PLAYLSR
- Bet $5 Get $150 in Bonus Bets Win or Lose
- OR First Bet Safety Net up to $1,000
- 30% Extra on Same Game Parlay Profit
- T&Cs Apply. Gambling Problem? Call or text 1-800-GAMBLER 21+
- Use Bonus Code: LSRBET
- Stream NFL Games In-App for Free
- 21+ Gambling problem? Call 1-800-GAMBLER
- Use Promo Code: LSRDYW
Get $200
- Bet $5, Get $200 in Bonus Bets if Your Bet Wins
- Available on Desktop, Android & iOS
- Gambling Problem? Call 1-800-GAMBLER. 21+
- To Claim: Click Play Now
- Up to $100 in Bonus Bets if First Your Bet Doesn't Win
- Get Your Bets Boosted
- 21+. Gambling Problem? Call/Text 1-800-Gambler. T&Cs apply
- To Claim: Click Play Now
- Bet and Get up to $1,000 in No Sweat Bets
- Earn FanCash & Spend it on Team Swag or More Bets
- 21+. Gambling Problem? Call 1-800-GAMBLER
- To Claim: Click Play Now
Bet $5 Get $200 in Bonus Bets + Score a No Sweat Parlay Every Day
PLUS Get a $50 Bonus Bet on Deposit
PLUS up to $1,000 Deposit Bonus
Gambling Problem? Call 1-800-GAMBLER
DraftKings March Madness promo code: Bet $5, get $150
DraftKings Sportsbook is making it easy for new users to build their bankroll with $150 in bonus bets if they place a first wager of $5 or more. Just sign up, deposit at least $5, and place a $5 bet — win or lose, you’ll receive $150 in bonus bets.
This offer provides a low-risk way to get extra funds for betting on multiple tournament games.
Caesars March Madness promo code: First-bet refund up to $1,000
Caesars Sportsbook is giving new users a first-bet refund of up to $1,000 if their initial wager doesn’t win.
This allows bettors to place a higher-stakes first bet with added confidence since any losses will be refunded as a bonus bet. Plus, members of Caesars Rewards will accrue additional points, adding another dimension to this promo.
BetMGM College Basketball Tournament bonus code: First-bet refund up to $1,500
BetMGM Sportsbook is offering a refund of up to $1,500 in bonus bets to new bettors who place an opening wager for their account on March Madness.
Make sure to use those bets before they expire in seven days.
Bet365 March Madness bonus code: Choose Your Reward Offer
Bet365 Sportsbook is letting new account members choose between two promos, giving them flexibility based on their betting style:
- Bet $5, get $150 in bonus bets (win or lose)
- First-bet safety net up to $1,000
The bet-and-get promo is ideal for casual players, while the safety net caters to those making larger initial bets, with a second chance if they lose.
Bet365 is a strong pick for March Madness betting, with competitive odds and extensive betting options.
FanDuel March Madness promo code: Win a $5 bet, get $150
FanDuel Sportsbook has $150 in bonus bets for all new CBB bettors who place a winning initial $5 wager. Win your first bet ($5 minimum) and receive $150 in bonus bets in addition to your winnings.
With its user-friendly app, strong odds, and various betting markets, FanDuel is a great choice for wagering throughout March Madness.
How to claim March Madness sportsbook promos
It’s quick and easy to redeem a March Madness sportsbook bonus offer:
- Click on a promo link: Just follow any official sportsbook link.
- Sign up for an account: Provide the necessary personal details for identity verification.
- Enter the promo code (if necessary): Some sportsbooks require a code during registration or deposit.
- Make a deposit: Most offers require a minimum deposit of $5 or $10.
- Place a qualifying bet: Meet the betting requirements to activate bonus bets or risk-free offers.
March Madness best bet: St. Johns to win national championship
A common theme is that guards win in March, especially experienced ones, and St. Johns has just that. Its elite guard duo of RJ Luis Jr. and Kadary Richmond is experienced and has excellent size at 6-foot-7 and 6-foot-6, respectively.
Add in a Hall of Fame coach, and St. Johns could be a great sleeper pick to win it all.
St. Johns to win national championship +2500 (bet365)
