ByKenny Ducey

Feb 29, 2024

Best March Madness Betting Promos & Bonuses

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      Bet $5 Get $150

March Madness is quickly approaching. The best college basketball teams in the nation will begin to make their case for selection into the 2024 NCAA Tournament.

Prospective bettors will find many of the best sportsbook promos during this popular sports window. Operators will offer scores of reward bets and ways to make this NCAA Tournament the most profitable yet.

Let’s go through our favorite NCAA Tournament betting bonuses in detail.

Best March Madness Betting Promos Overview

Edit
SportsbookWelcome BonusPromo Code
DraftKings Sportsbook$1,000 First Bet InsuranceNo promo code
Caesars Sportsbook$1,000 First-Bet Bonus WithGAMEDAY1000
FanDuel SportsbookBet $5, Get $150 in Bonus BetsNo promo code
bet365 SportsbookBet $5, Get $150 in Bonus Bets OR $1,000 Insurance OfferGAMEDAY
BetMGM Sportsbook$1,500 First Bet InsuranceGAMEDAY

DraftKings March Madness Betting Promo

is stepping up its welcome offer for March Madness.

In the past, we’ve seen one of the nation’s leading sportsbooks offer a pack of bonus bets with a low barrier for entry, but now they’re allowing new customers to raise the stakes on with their college basketball betting promo.

If your first wager at DraftKings isn’t a winner, they’ll credit you back with a bonus bet equaling the size of your stake, up to $1,000.

DraftKings has one of the best-rated betting apps in the game and incredibly competitive pricing in college basketball betting. They offer in-game betting, same-game parlays, early cash-out, and various odds boosts for college basketball betting.

Caesars March Madness Betting Promo

has always had one of the most generous welcome offers around, and this year for March Madness is no different.

The book is offering big bettors to take a big swing with one of the heftiest March Madness betting promos – stake up to $1,000 on your first bet with Caesars, and if it loses you’ll receive a bonus bet equivalent to what you lost.

Caesars offers very competitive pricing against its competitors in the North American market for college basketball, in-game betting, same-game parlays and a wealth of other markets.

In addition to those features, Caesars offers the widest array of odds boosts in the game which will help take your March Madness betting to the next level.

FanDuel March Madness Betting Promo

is back with a betting promo we’ve all come to know and love.

Simply stake just $5 on your first wager at FanDuel, and regardless of whether or not the bet loses you’ll instantly be credited with $150 in bonus bets.

This offer is great because it won’t require you lose your first bet with FanDuel, nor will you need to wait for the wager to be settled.

FanDuel has been a favorite of the betting community for years with the friendliest user interface around and a top-rated sports betting app.

Their in-game live betting is the best around, and the book remains consistent with competitors in offering same-game parlays, prop markets, and daily promotions.

bet365 March Madness Betting Promo

One of the world’s leading sportsbooks is staying true to its name by offering new customers their pick of two excellent sports betting promotions.

Simply sign up for and take your pick of which bet365 promo works best for you. Either bet $5 and get $150 in bonus bets win or lose, or select their insurance offer of up to $1,000 – allowing you to receive your stake back in the form of bonus bets.

The promotions offered by bet365 set them apart from others, like their “early payout” promotion for teams leading by a certain margin during the game in the major sports.

They have a wide variety of college basketball betting markets and a top-rated banking and payout system which will leave you in good hands after taking one of the best sportsbook promos.

BetMGM March Madness Betting Promo

has offered insurance to new customers in the past, but for March Madness they’re getting in on the fun by loading up new customers with bonus bets regardless the result of their first wager.

Simply sign up and make your first bet of just $5, and when it settles three bonus bets totaling $150 will appear in your account.

BetMGM has a plethora of markets for March Madness betting and a top-rated mobile betting app which work well in chorus with their March Madness betting promo. You can also bet live as the action unfolds and use their single-game parlay feature.

Types of March Madness Betting Promos

Bet Insurance/Credit Bet

  • DraftKings (Up to $1,000)
  • Caesars (Up to $1,000)
  • bet365 (Up to $1,000)

Bonus Bet Offers

  • FanDuel (Bet $5, Get $150)
  • BetMGM (Bet $5, Get $150)
  • bet365 (Bet $5, Get $150)
  • Fanatics (Bet $100, Get up to $1,000)

Which March Madness Betting Promo Should I Choose?

Bet Insurance

If you’re a new bettor looking to claim the best NCAA Tournament Betting Promos, you have plenty of choices for the best March Madness betting apps.

For serious bettors or those with a lot of capital, the insurance offers, which all come with offerings up to $1,000, are the way to go.

DraftKings is the most established US operator offering an insurance offer for new customers, but if you prefer to bet with Caesars or already have a DraftKings account then you’ll be in good hands there as well.

bet365 is offering the same but is only available in a select number of states. Keep in mind that all three will offer just one bonus bet totaling the stake of your initial bet, so there’s not a ton of maneuverability with your bonus funds.

Bet & Get Bonus

The Bet and Get betting signup offers fits new bettors looking to just get a few dollars down during March Madness — and potentially looking to parlay that into more.

FanDuel’s welcome offer stands out. You will have the luxury of staking just $5 on your first bet with them, and can get as crazy as you’d like with $150 in bonus bets instantly hitting your account win or lose.

The bonus funds don’t have to be used all in one go, so you can place 30 more $5 bets with your bonus funds all March Madness long, keeping in mind that what you win won’t include the stake of the bonus bet.

If you don’t opt for the insurance offer with bet365 and choose their pack of bonus bets, you’ll have the same luxury of spreading out the bonus funds across several bets.

BetMGM’s offer is similar, though you’ll have a pack of three $50 bonus bets upon settlement of your first $5 wager.

How To Activate March Madness Betting Promos

To claim these March Madness betting bonuses, simply follow these steps laid out in some form on each sportsbook:

  • Sign up as a new customer using any of the links on this page.
  • Enter your personal information like your name and address.
  • Verify your identity.
  • Create a unique password.
  • Link your bank or fund your account with one of many secure deposit options.
  • Be sure to deposit the minimum required to qualify for the sportsbook bonus (normally $10).
  • Head to the sportsbook to place your first bet, taking note of the minimum stake required to claim your sportsbook promo.

March Madness Tournament Schedule

  • Selection Sunday: March 17
  • First Four: March 19-20
  • First Round: March 21-22
  • Second Round: 23-24
  • Sweet 16: March 28-29
  • Elite Eight: March 30-31
  • Final Four: April 6
  • National Championship Game: April 8
Promo TypeNew & Existing User Promo
SportsBookBetMGM Sportsbook
How to EnterBet and Get
Promo CodeGAMEDAY

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