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Best March Madness Betting Promos: Get Over $5,500 in Bonuses 2024

With the 2024 NCAA Tournament underway, so are the most exciting and advantageous March Madness betting promos. New customers who sign up with our best March Madness betting sites, like FanDuel, DraftKings, Caesars or BetMGM, will enjoy some of the best promos in the country over the duration of the tournament. It's time to get in the action.

Best March Madness Sportsbook Promos

#1

Bet $5, Get $150 in Bonus Bets

New customers only. Deposit min. $10. Place first bet of $5+ and get $150 in Bonus Bets win or lose (within 72 hours).

Features

  • Top-tier app experience.
  • Same Game Parlays and SGP+.
  • Extensive promos and odds boosts.

FanDuel Review

FanDuel reigns supreme right now as the No. 1 betting site in America. And it has largely earned that spot on the strength of superior brand recognition, an easy-to-use product, an overwhelming number of markets for North America’s most popular sports, and representation in every state in which it is permitted to offer legal sports betting.

Features

#2

$1,000 First Bet on Caesars

Features

  • Earn Caesars Rewards from betting activity.
  • Live streaming of NFL games.
  • User-friendly mobile app.
Bet Now

Caesars Sportsbook Review

Caesars is proving to be one of the most aggressively expanding brands in sports betting. Unfortunately, like all major U.S. sportsbooks, they are quick to limit you if you go on a tear and their odds boost promos offer low maximum bet limits.

Features

#3

Bet $5, Get $150 in Bonus Bets

Gambling problem? Call 1-800-GAMBLER

Features

  • Extensive live betting options.
  • More markets than any other sportsbook.
  • One of the best apps in the industry.
Bet Now

bet365 Review

Terms and conditions: Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.

bet365 is one of the largest and most popular sportsbooks globally. With a well-received mobile app, popular same-game parlays, and a wide variety of sports leagues to bet on it’s no wonder 80 million sports bettors worldwide continue to use bet365.

Features

#4

Get up to $1,000 in Bonus Bets

+$25 in FanCash 🧢

Features

  • Live in 19 states
  • Extremely powerful brand history and recognition
  • FanCash reward system is great for sports fans

Fanatics Sportsbook Review

Fanatics Sportsbook has launched its app in a dozen states already, with plans to expand to more in the near future. Fanatics is poised to be a major player in the sports betting industry.

Features

#5

Bet $5, Get $200 in Bonus Bets

+ No Sweat SGP Every Day of NBA Playoffs 🏀

Features

  • Lots of promos and odds boosts.
  • Wide range of sports and bet types.
  • Seamless integration with DFS.

DraftKings Review

DraftKings had a solid reputation as the leading DFS provider in the country, so the shift to legal sports betting felt natural. They offer one of the most voluminous collections of ongoing promos and odds boosts in the industry as they cater to the beginner crowd. However, their reputation has dwindled as outspoken CEO Jason Robins leads the charge of the anti-profitable bettor mentality that runs rampant amongst sportsbooks that are quick to limit winning players.

Features

#6

Up To $1,500 Back In Bonus Bets

Terms and conditions apply. 

Features

  • Some of the best live-betting odds.
  • Great deposit options.
  • Earn MGM Rewards from betting activity.
Bet Now

BetMGM Review

BetMGM is one of the top-rated sportsbooks in the U.S. offering some of the best live betting odds in the industry. They’re also the largest iGaming operator across the U.S.

Features

#7

Up to a $500 Second Chance Bet

Features

  • Competitive odds across all markets.
  • Live betting section is well organized.
  • Earn iRush Rewards from betting activity.
Bet Now

BetRivers Review

With its solid lines and user-friendly promos, adding BetRivers to your sportsbook rotation makers a lot of sense.

Features

#8

Up To $250 First Bet Reset

Features

  • Massive selection of markets.
  • Bonus in NJ, PA, AZ
  • Wide variety of banking options.

Betway Review

While this book won’t wow you with its design, you won’t find many apps easier to navigate – or with the sheer volume of sports markets Betway offers. And although you'll find more generous signup offers elsewhere, Betway remains a strong global sports betting brand that deserves to be mentioned among the second-tier sportsbook options in the U.S.

Features

#9

Get up to $250 in Bonus Bets

Features

  • Great user interface.
  • Deep selection of bets in major sports.
  • Ongoing promotions for recurring players.

ClutchBet Review

Bringing its successful track record from Australia to the U.S., ClutchBet is a solid addition to the Colorado, Iowa, and Louisiana sportsbook markets.

Features

#10

$100 in Bonus Bets

Features

  • Longstanding reputation in Atlantic City.
  • User-friendly betting site and app.
  • Competitive odds.
Bet Now

Borgata Review

Despite limited availability, the Borgata Sportsbook experience is considerably better than other operations similar in size due to being backed by MGM Resorts International and Entain. The experienced backing allows for a pleasurable user experience on the Borgata betting site and app.

Features

Affiliate Disclosure: Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site.

21+. Gambling can be addictive, please play responsibly

March Madness betting promos explained

Editor's Note: bonuses are for U.S. residents only. Bonuses are current offers and are subject to change.

The best March Madness betting sites listed below have the best sportsbook promos going in the country just in time for the best tournament in sports.

Some of the top promos include:

March Madness betting promos
⭐ FanDuelBet $5, win $200 in bonus bets
⭐ DraftKingsBet $5, get $150 in bonus bets
⭐ BetMGMUp to $1,500 back in bonus bets

FanDuel March Madness bonuses

Bet $5, Get $150 in Bonus Bets

New customers only. Deposit min. $10. Place first bet of $5+ and get $150 in Bonus Bets win or lose (within 72 hours).

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+. Gambling can be addictive, please play responsibly

New FanDuel customers are eligible for a bet $5, win $200 in bonus bets March Madness welcome offer. Simply sign up with a new account and make a minimum $10 deposit. After that, place your first real money wager on any FanDuel Sportsbook market. If your bet wins, FanDuel will credit your account with $200 in bonus bet credits.

How FanDuels' promo works:

Here are the key terms and conditions you need to know about this FanDuel bonus

  • Make a minimum deposit of at least $10 and bet at least $5 on any sports market.
  • Your first bet must win to collect this bonus.
  • You'll be credited $200 in bonus bets.
  • Bonus bets cannot be withdrawn as cash and expire after seven days.

While this offer doesn't match the $1,000+ value of some competitors, you only have to risk $5 to qualify, but with a $10 deposit, and you don't even need a FanDuel promo code to get started. 

Other FanDuel March Madness promos:

SportsbookPromoBonus
FanDuel30% profit boost on any Sweet Sixteen gameOne (1) 30% profit boost token

DraftKings March Madness bonuses

Bet $5, Get $200 in Bonus Bets

+ No Sweat SGP Every Day of NBA Playoffs 🏀

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+. Gambling can be addictive, please play responsibly

DraftKings has always been one the most popular sportsbooks in the United States, so it's no surprise when they roll out the red carpet for new customers ahead of the best tournament in sports, March Madness. You can earn a bet $5, get $150 in bonus bets welcome offer. Just make a $5 minimum deposit and any wager of $5 or more to collect six (6) $25 bonus bets. It's a great deal for a great tournament that will have a ton of excitement over the four weeks. You don't even need a DraftKings promo code to qualify. 

How DraftKings' promo works:

  • Make a new account with DraftKing sportsbook.
  • Fund your new account with a minimum of $5 as your first deposit.
  • Bet at least $5 on any available betting market.
  • Win or lose, DraftKings will credit your account with $150 in bonus bets.
  • The bonus bet comes as a six (6) $25 bonus bets, and cannot be split further.
  • Bonus bets cannot be withdrawn as cash and expire in seven days.

Other DraftKings March Madness games:

SportsbookPromoBonuss
DraftKingsMarch Mania No Sweat betOpt-in for a No Sweat Bet token to be used on any NCAA game

bet365 March Madness bonuses

Bet $5, Get $150 in Bonus Bets

Gambling problem? Call 1-800-GAMBLER

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+. Gambling can be addictive, please play responsibly

bet365 is helping new users prepare for March Madness 2024 witn a generous bet $5, get $150 in bonus bets welcome bonus using promo code SBRBONUS. bet365 has daily boosts and super boosts leading up to the games as well - a major bonus over other sportsbooks. 

How bet365's promo works:

  • Create a new bet365 account. 
  • Use the bet365 promo code SBRBONUS when registering for the first time.
  • Make a minimum $10 real money deposit.
  • Many any bet of $5 or more with 30 days of opening your account.
  • Qualifying bet must have odds of -500 or greater.

Other bet365 March Madness games:

bet365 also has an amazing free bracket challenge available to new and existing users.

SportsbookPromoBonus
bet365Sweet Sixteen SGP Bet and GetGet a guarantreed bonus bet with any Sweet Sixteen wager of $20 or more

Gambling problem? Call 1-800-GAMBLER

Caesars March Madness bonuses

$1,000 First Bet on Caesars

Terms and conditions apply

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+. Gambling can be addictive, please play responsibly

Caesars has always been generous to their new users and their bonuses are no different for March Madness 2024. The Caesars promotion offers a bet credit of up to $1,000 if your first qualifying bet loses. Just use the Caesars Sportsbook promo code SBRBONUS1000 when you sign up.

Here’s how to trigger the Caesars bonus:

  • Open your new Caesars account and deposit at least $10.
  • Place your first qualifying wager within 30 days.
  • If your bet loses, you will receive a single bonus bet credit equal to the amount of the losing bet, up to $1,000.
  • The bonus bet cannot be cashed out directly and can only be used to make an additional wager on Caesars.
  • Bonus bets expire after 7 days.

BetMGM March Madness bonuses

Up To $1,500 Back In Bonus Bets

Terms and conditions apply. 

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+. Gambling can be addictive, please play responsibly

BetMGM offers a March madness promotion, one of the best in the business. It's an offer of a up to $1,500 back in bonus bets. Use the BetMGM bonus code SBRBONUS to activate this deal.

How BetMGM's promo works:

Here is how to take advantage of their welcome bonus:

  • Minimum deposit of $10 is required for this bonus to trigger.
  • Your first bet must lose to earn welcome bonus insurance funds.
  • The $1,500 will be credited within 24 hours of your first bet settling
  • Bonus credits are divided into five equal bonus bets. So, a $1,500 first bet loss would be converted into five (5) $300 bonus bets for example.
  • If first bet was less than $49, bonus bets will be issued as a single credit.
  • You must use the bonus within 7 days.

Other March Madness bonuses

Fanatics Sportsbook

Get up to $1,000 in Bonus Bets

+$25 in FanCash 🧢

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+. Gambling can be addictive, please play responsibly

BetRivers Sportsbook

Up to a $500 Second Chance Bet

Terms and conditions apply

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+. Gambling can be addictive, please play responsibly

ESPN BET Sportsbook

Up To $600 in Bonuses

Terms and conditions apply

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+. Gambling can be addictive, please play responsibly

Betway Sportsbook

Up To $250 First Bet Reset

Terms and conditions apply

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+. Gambling can be addictive, please play responsibly

Borgata Sportsbook

$100 in Bonus Bets

Terms and conditions apply

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+. Gambling can be addictive, please play responsibly

March Madness betting and promos summary

📅 March Madness Tournament DatesMarch 19 - April 8
🏟️ Final Four LocationState Farm Stadium in Glendale
🔔 2024 Betting FavoriteUConn
➡️ Legal Betting Age21+
🥇 Top March Madness welcome bonusFanDuel - Bet $5, win $200 in bonus bets
🤑 Largest March Madness welcome bonusBetMGM - Up to $1,500 in bonus bets
🏅 Number One Seeds 2024UNC, Houston, Purdue, UConn
⛹️ Player to Watch 2024Zach Edey (Purdue)
✅ Last Verified April 8, 2024

States where March Madness betting is legal

Almost three-dozen states have some form of online sports betting regulation, which means March Madness betting is pretty widespread in the United States right now. However, some states have special restrictions surrounding collegiate athletics, from banning player props, betting on in-state teams, or outright prohibiting wagers on college games.

Here's a list of all the states with legal March Madness betting, where you can collect potentially lucrative sign-up bonuses as a new customer:

  • Arizona ✅
  • Colorado ✅
  • Connecticut ✅
  • Illinois ✅
  • Indiana ✅
  • Iowa ✅
  • Kansas ✅
  • Louisiana ✅
  • Maryland ✅
  • Massachusetts ✅
  • Michigan ✅
  • Mississippi ✅
  • New Jersey ✅
  • New York ✅
  • Nevada ✅
  • North Carolina ✅
  • Ohio ✅
  • Oregon ✅
  • Pennsylvania ✅
  • Rhode Island ✅
  • Tennessee ✅
  • Virginia ✅
  • West Virginia ✅
  • Wyoming ✅

Best March Madness betting promotions

Here are the best March Madness betting bonuses in the country in time for the March Madness tournament.

U.S. sportsbook 🏆Promo Code ✅March Madness Welcome bonus 💰
🌟 FanDuelClaim $200 without codeBet $5, win $200 in bonus bets
🌟 DraftKingsClaim $150 without codeBet $5, get $150 in bonus bets
🌟 FanaticsClaim $1,000 without codeUp to $1,000 in bonus bets
🌟 bet365SBRBONUSBet $5, get $150 in bonus bets or $1,000 first bet
🌟 CaesarsSBRBONUS1000$1,000 first bet on Caesars
🌟 BetMGMSBRBONUSUp to $1,500 back in bonus bets
🌟 BetRiversSBRBONUSUp to a $500 second chance bet
🌟 BorgataSBRBORGATA$100 in bonus bets
🌟 ESPN BETClaim $100 without codeGet $100 in bonus bets
🌟 BetwayClaim $150 without codeBet $25, get $150 in bonus bets

SBR's $25K Big Hoops Challenge

Click here for your shot at the $25,000 jackpot and a guaranteed $500 in consolation prizes with our free-to-play Big Hoops Challenge.

How March Madness betting promos work

March Madness is one the biggest betting events of the year for most sportsbooks. It's been reported that this year, 2024, over $3 billion will be wagered on the tournament alone.

It's very popular with the brackets that users fill out as well, but sportsbooks have plenty of odds and boosts to choose from, making it super popular over the duration of the tournament.

Generally, here's how March Madness betting promos work:

1. Choose a sportsbook

Pick a sportsbook from our toplist above the page, or find another good option that is legal and licensed in your location/state. It may be advantageous for you to register someplace with the best promo because the greatest benefits are typically only available to new users. But the majority of sportsbooks also provide good March Madness promotions for current customers.

2. Make a deposit

Depositing into your sportsbook account for the first time is necessary to claim the bonus. Almost every promotion will require you to make a minimum deposit and a small real money wager of some kind. Most sportsbooks have a minimum deposit of $5 or $10 (depending on the banking method). Finding a deposit minimum lower than $5 is rare these days.

3. Use a promo code

Not every March Madness betting bonus offer requires a promo code, but some do. Refer to our table of verified and exclusive promo codes above, but SBRBONUS is required for BetMGM and bet365, and SBRBONUS1000 for Caesars. If needed, make sure you input the code when you register or deposit to claim the best possible bonus. 

4. Place your bet

The March Madness tournament has almost endless betting options. You can simply pick a team to win on the moneyline or point spread or go with something more exotic like a game or player prop bet. March Madness, which will surely see exciting finishes and buzzer-beaters, have novelty props that keep the excitement going for weeks. You can also bet on the futures market, so pick the winner of the tournament instead of a moneyline.

5. Collect the bonus

Whether you opted for a 'Bet & Get' offer, a 'First-Bet Insurance' deal, or something slightly different, it's now time to collect your March Madness bonus. Ensure you've met all the terms and conditions first. Most bonuses will appear in your account instantly if you meet the criteria required.

6. Cash out

Hopefully, your March Madness bet was a winner, and you now have some profit to withdraw. Or you earned some bonus bets that will give you another chance to make a winning bet. Maybe even both!

Head to your sportsbooks' Banking or Cashier section, and follow the steps to ensure you get the withdrawal options on your side. 

March Madness FAQs

When does March Madness 2024 start?

The 2024 version of March Madness started on March 19 and will finish with the championship game on April 8 2024.

What is the best March Madness bonus?

Many operators offer great March Madness bonuses, but BetMGM offers the most potentially lucrative deal: up to $1,500 back in bonus bets.

How can I bet on March Madness?

New customers can wager on March Madness by opening up a new sportsbook account at one of the top operators in your state.

Do I need a promo code to bet on March Madness?

For some operators, yes. Use SBRBONUS for BetMGM, BetRivers, and bet365, and SBRBONUS1000 for Caesars Sportsbook. If you live in NJ or PA, you can also use SBRBORGATA at the Borgata Sportsbook.