Best March Madness Betting Promos and Bonuses 2024

We're ranking the best March Madness betting promos and bonuses of 2024 leading up to and during the tournament.

Mar 28, 2024 • 11:26 ET • 6 min read
Fans begin packing up and leaving Indianapolis on Tuesday, April 6, 2021, after the completion of the NCAA March Madness tournament.
Photo By - © Mykal McEldowney/IndyStar via Imagn Content Services, LLC

21+. Know When To Stop Before You Start. Gambling problem? Call 1-800-GAMBLER.

March Madness 2024 rolls on with the Sweet 16 kicks off tonight, and lucrative March Madness betting promos await new customers looking to get in on the betting action. Signing up with legal March Madness betting sites unlocks welcome offers and bonuses that can immediately boost your bankroll. The Connecticut Huskies are attempting to become the first repeat champions since 2007 and enter the tournament with the best March Madness 2024 odds.

Whether you're cheering on your alma mater or putting your money where your bracket challenge is, we've got you covered. We're evaluating, ranking, and explaining the top sportsbook promos you can score in 2024.

Best March Madness betting promos

Here's a look at the current March Madness betting promos offered by legal U.S. sports betting sites:

Sportsbook March Madness Promos Promo Code
1. FanDuel Bet $5, get $200 Claim $200 without code
2. Caesars

$1,000 First Bet on Caesars

Bet $10, get $250 (NC only)

Bet $1, Double Your Winnings (IA, ME, MD only)

COVERSBONUS1000

COVERSBONUSNC

COVERSBONUSDYW

3. bet365

Bet $5, get $150

$1,000 First Bet Safety Net

Bet $5, get $200 (NC only)

COVERS

CVSBONUS (CO, NJ only)

4. Fanatics Bet $100, get $100 (10x) Claim $1,000 without code
5. DraftKings

Bet $5, get $150

Bet $5, get $250 (NC only)

$5,000 No Sweat Bet (NC only)

Claim $150 without code

Claim $250 without code

Claim $5,000 without code

6. BetRivers Up to a $500 2nd Chance Bet COVERSBONUS
7. BetMGM

$1,500 in bonus bets

Bet $5, get $150 (NC only)

COVERSBONUS

*Offers void in Ontario, Canada.

March Madness betting promos explained

FanDuel March Madness promo

Bet $5, Get $200

Ends: April 8, 2024

Looking for a Big Dance betting partner? Tap FanDuel Sportsbook for its overall ubiquity and ease of use during March Madness. Following registration, FanDuel will credit you with $200 in bonus bets if your initial qualifying bet wins — unless you're in North Carolina. NC-based bettors can cash in on $200 in bonus bets, win or lose. Here are the FanDuel March Madness promo details:

  • This March Madness betting promo is only for new FanDuel users in one of the 22 states where the sportsbook is active. No FanDuel promo code is necessary.

  • Downloading the FanDuel Sportsbook app is required to obtain this March Madness promo.

  • To qualify, you must make a first deposit of at least $10 and place an initial $5 bet on any sports market.

  • FanDuel will issue you $200 in non-withdrawable bonus bets only if the wager wins. North Carolina bettors receive $200, win or lose.

  • The bonus bets expire seven (7) days from issuance.

Take a look at our thorough FanDuel Sportsbook review for more expert insight.


Caesars March Madness promo

$1,000 First Bet on Caesars

Code: COVERSBONUS1000

Caesars Sportsbook is offering one of the industry's most lucrative March Madness betting promos in 2024 — $1,000 First Bet on CaesarsThe specifics of this Caesars Sportsbook March Madness offer are below:

  • Use the Caesars Sportsbook promo code — COVERSBONUS1000 — during registration to claim the bonus.

  • Make an initial deposit of $10 or more. You have 30 days upon signing up to make your qualifying bet.

  • If your first wager falls short, Caesars Sportsbook will reimburse your qualifying stake, up to $1,000, as a bonus bet.

  • The offer is void if your qualifying bet wins.

  • Your bonus will arrive in your account within seven (7) days of your failed initial wager settling.

  • Once it is in your account, you will have 14 days to use the bet credit.

Itching to find out more? Check out our complete Caesars Sportsbook review.


bet365 March Madness promo

 Fanatics Sportsbook Logo 

Bet $5, Get $150

Code: COVERS

Code: CVSBONUS (CO, NJ only)

 Fanatics Sportsbook Logo 

$1,000 First Bet Safety Net

Code: COVERS

Code: CVSBONUS (CO, NJ only)

bet365 boasts one of March Madness' best online sportsbook promos, offering new bettors $150 in bonus bets regardless of the outcome of their qualifying $5 wager. Here’s what you need to know about the bet365 March Madness promo:

  • You must use the bet365 bonus code 'COVERS' or 'CVSBONUS' to qualify. 

  • You must deposit at least $10 seven days before claiming this March Madness promo.

  • Your $5 qualifying wager can be placed on any sports market with betting odds of -500 or greater, but it must be done within 30 days of registration.

  • The bonus funds can be used on any sports betting market but expire after seven (7) days.

  • Alternatively, you can claim bet365's "$1,000 First Bet Safety Net" offer, which refunds the entirety of your initial stake, up to $1,000, if your first bet falls short.

To discover more about the online sportsbook in its entirety, read our bet365 Sportsbook review.


Fanatics March Madness promo

 Fanatics Sportsbook Logo 

Bet $100, Get $100 (10x)

Ends: Aug. 29, 2024

If you're looking for flexibility, you'll find plenty of it with Fanatics Sportsbook, an emerging U.S. sports betting operator. Register today to earn 10 $100 bonus bets to use on the Big Dance. Below is a closer look at the Fanatics Sportsbook March Madness promo:

  • A Fanatics Sportsbook promo code is not required. 

  • You must make an initial $5 minimum deposit

  • Your qualifying minimum $5 wager must be placed within five days of account creation.

  • Upon successful registration, you must wager at least $5 on any market with odds of -200 or longer for 10 consecutive days to maximize the offer. Failure to make a daily wager will void the offer on any missed days.

  • Fanatics Sportsbook will issue a daily bonus bet within 72 hours of your wager settling. Each bonus bet is non-withdrawable and expires seven (7) days from receipt

Our Fanatics Sportsbook review explores other elements of the online sportsbook you'll find valuable for your March Madness betting.


DraftKings March Madness promo

Bet $5, get $150

Ends: April 14, 2024

Submitting a correct tournament bracket challenge is hard. But, claiming the DraftKings March Madness promo is easy, as new users earn $150 in bonus bets regardless of the outcome of their first $5 wager. The critical points you should know before registering with one of the best U.S. sports betting apps are detailed below:

  • No DraftKings promo code is needed to claim this sports betting promotion.

  • An initial deposit of $5 or more is necessary, followed by a minimum $5 bet on any sports betting market.

  • DraftKings Sportsbook will issue you six (6) $25 bonus bets within 72 hours of your qualifying wager settling.

  • The bonus bets are non-withdrawable and expire seven days (168 hours) from issuance.

Scour through our DraftKings Sportsbook review for further details of this online sports betting site.


BetRivers March Madness promo

Up to a $500 2nd Chance Bet

Code: COVERSBONUS

Offering one of the best March Madness betting promos, BetRivers joins the pack with a solid sign-up bonus of up to a $500 2nd Chance Bet. Read on for the vital terms of the BetRivers March Madness promo:

  • You need to use the BetRivers bonus code 'COVERSBONUS' during registration.

  • An initial deposit of $10 or more is required. 

  • If your qualifying wager loses, BetRivers will refund your stake up to $500 as a bonus bet.

  • The second-chance bet cannot be placed on betting odds less than -200, or it is ineligible for withdrawal. 

  • The bonus will expire after 30 days.

  • New bettors in CO and NJ can claim a $250 bonus, while those in AZ, DE, IA, NY, OH, and WV are eligible for up to $100

Dive into our BetRivers Sportsbook review to uncover more information about the platform as you research March Madness betting promos and bonuses. 


BetMGM March Madness promo

$1,500 in Bonus Bets

Code: COVERSBONUS

Closing out our list of the best March Madness betting promos and bonuses, new users can sign up with BetMGM to claim up to $1,500 in bonus bets. Here’s the complete BetMGM March Madness promo breakdown:

  • This March Madness promo is only for new BetMGM users — excluding those in North Carolina, Nevada, and New York. Use BetMGM bonus code 'COVERSBONUS' to get started.

  • A minimum $10 deposit and a real money initial wager is required. 

  • If you lose your first wager, BetMGM will return your entire stake, up to $1,500, as bonus bets. If you wagered over $50, you will receive five bonus bets — each worth 20% of your initial bet. If you bet less than $50, BetMGM will credit your account with one bonus bet of equal value.

  • Bonus bets will appear in your account within 24 hours of your wager settling.

  • The bonus expires after seven days, but it can be used on any sports betting market during that time.

Dissect our BetMGM Sportsbook review for more actionable intel.


The best March Madness betting sites offer exclusive bonuses to help you dance your way through every round of the 2024 tournament, which we've highlighted below:

bet365:

  • NCAAB early payout - Place a pre-game moneyline on any NCAAB game. If the team you backed is up 15 points at point, the wager automatically wins, regardless of the final outcome.
  • Get a $25 bonus bet for the Regional Finals - Make a minimum $50 parlay wager during the NCAA men's basketball Regional Semifinals occurring on March 28-29, 2024, and receive a $25 bonus bet to use during the upcoming Regional Finals. Your qualifying parlay wager must contain at least three legs and have minimum odds of +100. If you wager between $20-$40, you will get a $10 bonus bet instead.

DraftKings:

  • March Mania No Sweat - Opt-in and place a CBB wager with minimum -500 odds. If the wager falls short, you'll receive a 'No Sweat' token equal to the value of your losing stake. All bonus tokens expire seven days after issuances, and only wagers placed between now and March 31, 2024, apply.
  • Colin's Upset No Sweat - Place a pre-game moneyline wager on a double-digit seed in the 2024 NCAA men's basketball tournament and receive a bonus bet if your team loses. Opt-in is required, and bonus bets expire at 11:59 p.m. ET on March 31, 2024

Caesars Sportsbook: 

  • Parlay The Tournament - Win up to $50,000 in bonus bets by placing a successful $5 NCAA men's basketball tournament same-game parlay wager between now and April 8, 2024. Opt-in is required and SGP max odds are capped at +10,000. The winner will be announced following the conclusion of March Madness.

BetMGM: 

  • March Matchups Bet Insurance Token - Opt-in and receive your stake back in bonus bets if your subsequent NCAAB wager falls short. Terms and conditions apply. This offer is valid until March 30, 2024
  • March Matchups 33% Parlay Boost Token - Opt-in and get a 33% boost token you can apply to your NCAAB parlay wager. Terms and conditions apply. This offer is valid until March 30, 2024.
  • March Matchups Pick-A-Basketball - Place a daily $5 wager on any basketball game for a chance to win up to $6,400 in prizes. This offer is available until April 1, 2024

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