March Madness Betting Promos & Bonuses for US Players
College basketball betting promo codes for March Madness and bonuses are available for the 2026 NCAA Tournament at online sportsbooks. Below, we review the available college basketball betting bonuses and provide details on how you can claim the promos.
Recommended March Madness betting promos
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-BETS-OFF
Use Bonus Code: BETLSR
Bet $10 Get $365 in Bonus Bets Win or Lose
30% Extra on Same Game Parlay Profit
T&Cs Apply. GAMBLING PROBLEM? CALL 1-800-MY-RESET. 21+
Use Bonus Code: LSRBET
Get $350 in Bonus Bets Guaranteed - When You Bet $5 for 7 Days!
Available on Desktop, Android & iOS
Easy Deposits, Fast Withdrawals
Bet $1, Double Your Winnings on Your Next 10 Wagers (Up to $25 Max Bet Per Boost)
Stream NFL Games In-App for Free
OH only. 21+.Gambling Problem? Call or text 1-800-MY-RESET
Use Promo Code: LSRDYW
Get a 100% Bet Match up to $100 in FanCash for 10 Days
Earn FanCash & Spend it on Team Swag or More Bets
Daily Odds & Profit Boosts on Select Games
Bet $5 Get $200 in Bonus Bets Instantly
Plus Get up to $1,000 Deposit Bonus
Bet on All Your Favorite Sports With America's Top-Rated Sportsbook
To Claim: Click Play Now
| Sportsbook | College basketball promo & offer | Promo code |
|---|---|---|
| DraftKings Sportsbook | Up to $1,200 in bonus funds | No promo code needed |
| Caesars Sportsbook | Bet $1, double your winnings on next 10 wagers | Use promo code LSRDYW |
| BetMGM Sportsbook | Up to $1,500 in bonus bets if your first bet doesn’t win | Use promo code BETLSR |
| FanDuel Sportsbook | Bet $1, double your winnings on the next 10 wagers | No promo code needed |
| Bet365 Sportsbook | Bet $5, get up to $365 win or lose OR a first bet safety net up to $1,000 | LSRBET* |
| Fanatics Sportsbook | Bet and get up to $1,000 in no-sweat bets | Click to claim promo |
March Madness betting bonuses reviewed & ranked
There are a variety of college basketball betting bonuses to consider for the 2026 NCAA Tournament. Below, we have full details on the currently available sportsbook promos at top betting sites.
1. DraftKings
The DraftKings promo code is a three-part bonus offer for new users, highlighted by a bet $5, get $150 promo. Once you register for an account, place a bet of $5 or more to receive $150 in bonus bets. Additionally, you’ll receive a $50 bonus bet just for signing up and a 20% match of your initial deposit, up to a maximum of $1,000 in bonus funds.
The sportsbook also offers a regular assortment of college basketball promos. Over the offseason, you may find odds boosts on select wagers, such as a team to win the national championship. DraftKings is rolling out several special promos for first-round games, including Super Boosts, March Mania Flash Boosts, and CBB parlays.
2. Caesars
If you use the Caesars Sportsbook promo code LSRDYW, you can get ten 100% profit boost tokens on your first $1 wager. Once you’ve signed up for an account with the code, deposit at least $10 and place a first bet of $1 or more. If that bet wins or loses, Caesars will fund your account with 10 100% profit boost tokens.
Besides the welcome offer, Caesars users can select from a strong daily odds boost on select tournament games, along with “Firebet” live bet boosts. You’ll also find several pre-built parlays available for that day’s games. The various bets are located near the top of the college basketball betting menu.
3. BetMGM
New BetMGM users will receive insurance of up to $1,500 for the first wager using the BetMGM bonus code. Sign up with the code BETLSR, make a deposit of $10 or more and place your first bet of $5 or more. If you lose that first college basketball bet, the sportsbook will return your stake — up to the offer max — in the form of bet credits that you can use to place additional wagers.
BetMGM also offers ongoing promos throughout the college basketball season, including the tournament, such as odds boosts and parlay insurance. The sportsbook also regularly features select SGP wagers with boosts, such as Auburn to win or cover the spread, plus designated game or player props. Often, the bet will be boosted, providing you a chance to earn additional profits.
*Bonus bets expire in seven days. One new customer offer only. Additional terms.
4. FanDuel
The FanDuel Sportsbook promo for March Madness includes up to $300 in bonus bets back each day on college basketball wagers. After registering and making your first deposit, you can start betting on tournament games right away. If your bet doesn’t hit, FanDuel refunds your stake as bonus bets—up to $300 per day—giving you extra opportunities to re-bet throughout the tournament.
In addition to the welcome offer, FanDuel consistently features daily profit boosts, same-game parlay insurance, and rotating bonus bet promos tied to the biggest games on the board.
5. Bet365 Sportsbook
Bet365 is a European-based sportsbook that continues to expand across the US. The sportsbook is now live in Illinois and Tennessee. Users will notice competitive college basketball odds when compared to the other brands highlighted on this page. You’ll find all of the bets you could ask for all the way through the NCAA Tournament, as well as a steady stream of promos on the user-friendly app. If you use the bet365 bonus code LSRBET, you’ll have a choice between two welcome offers: bet $10 to get $365 in bonus bets, win or lose. Keep in mind, you can only pick one.
6. Fanatics Sportsbook
The top Fanatics Sportsbook promo is a Bet and get deal up to $1,000 in no sweat bets. Once you sign up and make an initial deposit of $5 or more, the sportsbook will match the amount of your first daily bet — minimum $5 and maximum $100 — for up to 10 or 11 days in a row. You could receive up to $1,000 in bonuses.
As a bonus, users can convert FanCash into bonus bets or redeem it at the online Fanatics store. The sportsbook also offers a steady stream of CBB profit boosts, popular parlays, bonus bets, and more.
How to use betting bonuses on March Madness
Betting bonuses on college basketball are available at online sports betting sites throughout the NCAA Tournament. Your betting bonuses can be used to build up that initial bankroll. The strategy applies to the start of the season or during the tournament. It really depends on when you decide to take advantage of a sportsbook’s college basketball betting welcome offer. In most cases, the welcome bonus offer typically applies to your first bet
Common terms for college basketball betting promos
Every college basketball betting promo has its own terms and services. This is why before claiming any offer, make sure you understand what’s entailed. It comes down to what type of promo the CBB betting sites are offering. For example, a bet and get requires you to make a minimum deposit and wager (usually in the $5-$10 range) in order to take advantage of a set bonus amount.
Other sportsbooks offer a first bet bonus in the form of insurance, essentially protecting your initial bet. If your first bet ends up being a losing one, the sportsbook will issue you bonus bets up to a certain amount. If you do receive bonus bets, it comes in the form of site credit and is not considered real money. Most of the top March Madness betting sites have a playthrough requirement associated with the bonus before the funds can be withdrawn. If you do win a bonus bet. the sportsbook keeps the bet amount and you keep the winnings. Always read the full college basketball betting promo terms before taking advantage of a promo.
Claiming new-user bonuses for betting on college basketball
Follow these steps to claim new-user bonuses for betting on an NCAA Tournament game:
- From the above list, choose one of our recommended college basketball betting sites.
- Click the “play now” button to begin the sign-up process.
- Follow the prompts and enter all of the information the sportsbook is requesting along with any necessary codes.
- Once you’ve created an account, make an initial deposit using your preferred banking method.
- Check out the latest college basketball odds and betting lines and choose a wager that interests you.
You can also visit the “my account” section of the sportsbook to view your available bonuses and offers. Additionally, as you get ready to place bets, you should see an option to apply any applicable bonuses on the betting slip before you place your wager.
Types of college basketball betting bonuses for March Madness
Here’s a closer look at some of the most common sportsbook promos you might come across for betting on college basketball and how each one works. These are very similar to the familiar NFL betting promos, though you will find some slight differences.
Parlay insurance
Parlay insurance gives you with a safety net on multi-leg wagers. With this promo, you’ll first need to place a standard or same-game parlay with typically three or more selections. However, in most cases, if the bet loses by just a single leg, the insurance factor comes into play as the sportsbook will refund the amount of your wager, up to the limit of the promo.
On the other hand, if you get two or more legs incorrect, the bet is considered a loss and the insurance will not factor into the equation. As an example, let’s say you place a $25 four-leg NCAA Tournament parlay in which Duke, St. John’s, Michigan, and Arizona each must win their first-round game outright. If you qualify for a parlay insurance promo and only three of the four teams go on to victory, you’ll get your $25 stake back.
Bonus bets
Bonus bets are credits that a sportsbook provides either when you sign up or as a special promotional offer. You can use bonus bets to place wagers on the site. Once you use them, the bonus bets are gone, win or lose. If you win, you’ll receive back the winnings, but not the amount of the credit itself. Remember site credits are not considered real cash.
For example, say you’ve received a $50 bonus bet after signing up at a sportsbook. You decide to use it on a spread bet for Gonzaga to cover the -14.5 spread in its game against San Francisco at odds of -110, and the Bulldogs win by 17 points. You’ll receive winnings of $45.45 at the listed odds, but not the amount of the bonus bet credit.
Odds boosts
Odds boosts are regularly available at many college basketball betting sites. The sportsbook will boost the odds on various bets, including moneylines, player props, Final Four futures, and same-game parlays. Other operators will offer users tokens that can be applied to the wager of your choice, up to a maximum amount.
By placing a bet with boosted odds, the profit potential for a winning wager increases. For example, let’s say that High Point is a +270 underdog in an upcoming game against Purdue. The sportsbook is offering an odds boost to +350. At odds of +270, a $100 winning wager has a profit potential of $270. A boost to +350 increases the possible profit to $350.
Deposit matches
With a deposit match, the sportsbook is providing you with a bonus that is applied when you add funds to your account. The match typically happens when you first open your account, or as a special promotion for existing users. The amount of the match will vary, such as 20% of your deposit or a straight dollar-for-dollar match up to a certain amount.
The amount of the match may be available right away, or it could be subject to a playthrough requirement. For the latter case, the sportsbook will release the bonus funds in stages, such as $1 for every $25 that you wager at the book. Once the match is available in your account, you can use those funds to place additional March Madness bets.
Bet and gets
For a bet-and-get promo, you’ll be required to wager a minimum amount to receive back bonus bets. DraftKings and FanDuel are operators currently offering similar bet and get promotions. However, there is a difference in the terms and amounts. At DraftKings, you’ll receive $150 in bonus bets instantly once you have placed the bet.
Meanwhile, FanDuel delivers the $150 in bonus bets only if you win your first wager. Once you receive the credits, you can use them to place additional bets. You don’t have to use them in a single lump sum and can instead spread them out into smaller wagers, but be sure to use them before the expiration date.
College basketball responsible gambling
It’s important to remember betting on college basketball and any other sport is meant to be a form of entertainment. There are no guarantees that your moneyline, spread or parlay bet will be a winner. As a result, you should only wager amounts that you are comfortable losing. To make sure that it remains a source of enjoyment, always play responsibly and within your limits. If you or someone you know needs assistance, several responsible gambling resources are available via phone and online.
March Madness betting promo FAQ
Yes, for the most part, sportsbook promos are available to use for bets on college sports. However, sportsbooks do have some promos that are only available for NBA or NFL games. It’s a good idea to read the full terms and conditions before using a promo.
When it comes to the NCAA Tournament, there is no such thing as an easy bet to win as upsets happen regularly. If you’re new to college basketball betting, be aware that every bet carries some level of risk. Consider starting with a simple type of bet such as a moneyline (outright winner) and learn all of the intricacies before trying a 3+ leg SGP.
The answer to that question really depends what state you call home. Anybody placing bets from the Garden State, for example, wagers on Rutgers and Seton Hall are prohibited. Additionally, sportsbooks are not allowed to take bets on any NCAA Tournament games taking place in New Jersey.