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Best March Madness Betting Promos & Bonuses 2024

Written by: Richard Janvrin
Fact-checked by: James Whitelock
Updated April 8, 2024
12 min read

Aside from the Super Bowl, nothing is bigger than March Madness! The NCAA Tournament, like the Super Bowl, will be watched worldwide. If you plan on biting off a piece of the action, this page is your one-stop shop for finding the best March Madness promo codes and bonuses offered by legal sportsbooks in the United States!

After finding the best sportsbook bonus, you'll want to check out our March Madness Betting Guide for 2024, made by our in-house experts.

Need more March Madness? Then head over to our selection of the Best March Madness Betting Sites , where we share all the best legal sportsbooks bettors can use to place bets this March Madness.

See also detailed March Madness promos for each of the biggest sportsbooks:

Keep reading below for all the best bonuses and promotions.

Best March Madness Betting Promos and Promo Codes

FanDuel Sportsbook March Madness Promo

FanDuel Promo Offer March

FanDuel Welcome Bonus - Bet $5, Get $200 in Bonus Bets

New users at FanDuel Sportsbook get $200 in bonus betting credits as long as they wager $5 or more and win. There is no better way to end the NCAA Tournament than with $200 in bonus bets.

Once your bet of at least $5 settles, if it's a winning one, you'll see the $200 in site credits added to your account. While those funds cannot be withdrawn, you can play with them just once on the FanDuel sportsbook to turn them into cash. 

Use our custom link to Sign up with FanDuel today to get your $200 in bonus betting credits!

25% Profit Boost Men's College Basketball

All FanDuel customers, new or existing, can claim this offer. FanDuel gives players a 25% profit boost to use on the Men's College Basketball Championship on April 8, 2024.

Here's how it works:

  1. Head to FanDuel Sportsbook

  2. Click "Claim Now" on the promotion and get awarded with a 25% profit boost token

  3. Use your token when placing a College Basketball bet on the Championship game taking place on April 8.

  4. Your profit boost token expires at 2:00 AM ET on Tuesday, April 9, 2024.

Go to FanDuel to claim your 25% profit boost token.

DraftKings Sportsbook March Madness Promo

DraftKings March Madness Promo Code

DraftKings Welcome Bonus - Bet $5, Get $150 in Bonus Bets Instantly

DraftKings Sportsbook is aware how betting can be risky and therefore wants to make it easy for newcomers by giving them an excellent promo: Bet $5, Get $150 in Bonus Bets Instantly. If you are new to sports betting, take advantage of this offer!

The DraftKings promo doesn't require you to win your initial bet, only to place it. So all you have to do is deposit at least $5 or more, place your first bet and in 72 hours you'll get $150 in bonus bets split into six $25 parts. Your bonus bets are valid for the next seven days so don't wait to long to use them.

Check out some of the best DraftKings sign-up offers for March Madness that you can take advantage of right now!

March Mania No Sweat

Get a No Sweat Bet at DraftKings to use on any College Basketball bet. Opt-in and apply your no sweat bet token on a bet with minimum odds of (-500) or longer per leg.

Your No Sweat token expires at 11:59 PM EST on April 8. and your bonus bet expires 7 days after receiving it. Head to DraftKings to claim and find out more.

Claim your March Madness promos at DraftKings CTA icon

BetMGM Sportsbook March Madness Promo Code WSNMGM

BetMGM March Madness Promo

BetMGM Welcome Promo - Get up to $1,500 Paid Back with Promo Code WSNMGM

BetMGM Sportsbook follows the path set by other US giants in the sportsbook industry and comes with its own excellent promo offer for the March Madness tournament - get up to $1,500 paid back in bonus bets if your bet doesn't win.

Your bonus bets will expire after 7 days of receiving them and you can only claim this offer if you are a new customer at BetMGM.

This incredible deal essentially gives you a no-sweat bet for your first BetMGM Sportsbook bet. Sign up today and use promo code WSNMGM to take advantage before March Madness tips off.

From March Matchups to NBA Matchups

Activate this "Bet and Get Token" and you get rewarded with a bonus bet to use on NBA when you place a bet on the March Madness final.

March Matchups 33% Boost Token

Use your Odds Boost Token on college basketball and if you win, BetMGM will boost your winnings by 33%. Boost your college basketball winnings at BetMGM today, head to the sportsbook to claim this offer.

Claim your March Madness promos at BetMGM CTA icon

Caesars Sportsbook March Madness Promo

$1,000 First Bet on Caesars with Promo Code WSN1000

Caesars Sportsbook Promo Offer

Caesars Sportsbook is making it easy for new users to take bold steps with their first bet, with protection up to $1,000. If your initial bet doesn't win, Caesars Sportsbook will give you back your first wager, up to $1,000, in bonus bets back.

That's not all. Regardless of your first bet outcome, all new Caesars users get 1,000 Reward Credits and 1,000 Tier Credits. Caesar's first-class rewards system is one of the best in the country, and its promo offer helps you get a jump start on those rewards. You can use those rewards for free bets, bonuses, and even hotel stays at any Caesars location.

That means you are getting one of the best sportsbook promos in the industry and earning points for rewards you can use. That combination can only be offered by the O.G. of US sportsbooks.

Parlay the Tournament

Opt in at Caesars and place a $5+ Parlay, Super Parlay, or SGP on any game until April 8 2024. You win a Bonus Bet if you win one of the ten parlays, super parlays, or SGPs with a $5 minimum and the longest odds. The maximum amount of entries per participant is 2,500.

Head to Caesars to Opt-In CTA icon

bet365 March Madness Promo Code WSN365

bet365 promo offer

bet365 Welcome Promo - $1,000 First Bet Safety Net OR $150 in Bonus Bets

bet365 Sportsbook offers you the choice between two equally attractive welcome offers. Either choose a $1,000 first bet safety net which refunds you your first cash bet if your bet loses. Or go for the other option, bet $5 and get $150 in Bonus Bets. Note that your bonus bets will expire 7 days after they are added to your bonus bets balance.

Head to bet365 sportsbook to claim either one of these promos, use promo code WSN365 at sign-up.

NCAAB Early Payout

If the team you back gains a 18 point advantage you get your straight bets paid back at bet365. Place a pre-game bet on any College Basketball game up to and including Monday, April 8, 2024.

See all the terms and conditions at bet365 and claim this offer here!

BetRivers Sportsbook March Madness Promo

BetRivers Sportsbook up to $500 in Second Chance Bet

BetRivers Sportsbook, an excellent choice for players in many locations, is known for its clear and impressive mobile app and live betting options. But now, new users who use the WSN exclusive link can get up to $500 in second chance bets if their first bet is a loss.

All you need to do is deposit $10 into the BetRivers account you signed up for using our promo code. Then just place your first bet on the NCAA Tournament, and if your bet loses, you'll receive your initial stakes back as bonus bets, up to a promo amount of $500.

If you do receive the bet credits, you can use them to place bets within the first 14 days of receipt. While they can't be withdrawn for cash, you can keep any winnings from bets placed using the credits.

Read our Betrivers Sportsbook review here! 

How to Claim Your March Madness Promos & Betting Bonuses

You saw what promos sportsbooks have to offer for the Big Dance, now all you have to do is go and sign up at one, or at all of them if you'd like. Here's how to claim your bonus.

  1. Use our safe links to navigate to the sportsbook's sign-up page.

  2. Create an account. The sign up process is quite similar no matter which sportsbook you pick. They will ask you to share your personal information so they can confirm you are over 21 and present in a legal sports betting state. This is also the stage when you can use a sportsbook promo code.

  3. Opt-in to claim your bonus. This part depends on the sportsbook you choose. But normally you will have to meet some standard play-through requirements in order to qualify. You might have to deposit a small amount $5-$10 and then place a first bet. Follow the instructions provided by the sportsbook carefully to make sure you get your bonus.

  4. Make a deposit. Deposit using a payment method that's convenient to you. Sportsbook allow you plenty of choices. Some popular methods available at most sportsbooks are: PayPal, Venmo, ACH Bank Transfer.

  5. Place your bet. Browse through the different betting markets available at the sportsbooks and place your first bet.

Types of Bets March Madness NCAA Tournament Bets

Spread

A spread bet is one of the most used types of bets placed by customers for college basketball. The way it works is that oddsmakers at a sportsbook determine a favorite team in a matchup and predict how much that team should win by. For example, say Michigan State is playing Michigan. The Spartans may be favored by -2.5 points, which means to cover the spread, Michigan State has to win by at least 3 points. 

Moneyline

A moneyline wager is the simplest type of bet a gambler can make. For any customer at an online sportsbook, you would pick which team is going to win. Odds on the game determine how much the wager payout or payouts would be if it hits. The favorite will have lower odds, while the underdog will have higher odds.

Parlays

Parlay bets are some of the very best for bettors trying to make big money with little stake. Whether you live in Massachusetts, Tennessee, or anywhere else that has legal sports betting in the country doesn't matter. Parlays can pay out big. With that said, parlay wagers are some of the most challenging bets to win.

The way a parlay works is to combine multiple bets to increase the odds of your wager. Each part of a parlay is called a leg and is a bet by itself. For a parlay wager to be a winner, each of the legs of the parlay must win. If one leg loses, the entire wager loses. Check out the WSN Parlay Calculator to see how odds increase with each added leg of a parlay.

Futures

Future bets are a wager placed on a specific team or player to win a championship or award. A bettor can say the Kansas Jayhawks will win the National Championship and get various odds for it to happen, just to name one example.

Team Props

Team Props vary by state, so check your state's rules and regulations around prop bets. The way a prop bet works, though, is betting on whether a particular thing will happen in a game. Common team props will also include which team will do something first. For example, a typical team prop bet may be which team scores 10 points first or which has the most three-pointers in a game. 

Player Props

Player Props are similar to team props but are odds for an individual player to have something happen. Standard player props include the number of threes a player makes, and a bettor can bet whether they hit over or under a set number.

Live or In-Game Betting

Bettors can take advantage of live or in-game betting while games are being played. Bettors can place wagers on many typical bets, from moneyline, spread, point totals, and more.

Other Bet Types

Every Sportsbook has its own wagers, which can differ from operator to operator. There are teaser bets, NCAA Tournament Pools, over/under point total bets, and remember various bonus code and sportsbook promotions must be used with certain bet types at times. Each chance bets offered comes with different levels of opportunity, and a lot of them vary in form and with the sporting events they are tied to.

Check out all of the WSN NCAA Tournament Predictions & Picks Articles: WSN March Madness Page

States Where Gamblers Can Bet on NCAA Tournament & March Madness

As the Brackets get released, bettors are thinking of many things, from who the no-brainer CBB teams are in the tournament, which team didn't get a good enough seed, or other teams like Gonzaga got too high of a seed considering the conference the Zags play in. 

An important thing to consider is whether sports betting sites are legal in your state. Sports betting operators in some states are legal only at retail venues like casinos, and in others, states are legal both retail and online. Also, considering being a good sports betting operator often means that the sportsbook operates in multiple states. 

There are also states where betting on college sports is not legal or has limitations, even if betting on pro sports is allowed. See each table below to help you know your options.

States Where Online Betting on March Madness Is Legal

State Betting on In-State Teams College Team Props College Player Props More Info
Arizona YES ✅ NO NO Arizona sportsbooks 
Colorado YES ✅ YES ✅ NO Colorado sportsbooks 
Connecticut Cannot bet on in-state teams (Uconn) except for them to win the National Championship n/a n/a Connecticut sportsbooks 
Delaware NO ❌ n/a n/a Delaware sportsbooks 
Illinois NO ❌ YES ✅ YES ✅ Illinois sportsbooks 
Indiana YES ✅ YES ✅ YES ✅ (pre-match only) Indiana sportsbooks 
Iowa YES ✅ YES ✅ NO ❌ Iowa sportsbooks 
Kansas YES  ✅ YES ✅ YES ✅ Kansas sportsbooks 
Kentucky YES ✅ YES ✅ YES ✅ Kentucky sportsbooks
Louisiana YES ✅ YES ✅ YES ✅ Louisiana sportsbooks 
Maryland YES ✅ YES ✅ NO ❌ Maryland sportsbooks 
Massachusetts NO YES ✅ NO ❌ Massachusetts sportsbooks 
Michigan YES ✅ YES ✅ YES ✅ Michigan sportsbooks 
Mississippi YES ✅ YES ✅ NO ❌ Mississippi sportsbooks
Nevada YES ✅ YES ✅ YES ✅ Nevada sportsbooks 
New Jersey NO ❌ YES ✅ YES ✅ New Jersey sportsbooks 
New Mexico YES ✅ YES ✅ YES ✅ New Mexico sportsbooks
New York NO ❌ YES ✅ NO ❌ NY sportsbooks 
North Carolina YES ✅ YES ✅ YES ✅ NC sportsbooks
Ohio YES ✅ YES ✅ NO ❌ Ohio sportsbooks 
Pennsylvania YES ✅ YES ✅ NO ❌ Pennsylvania sportsbooks 
Puerto Rico YES ✅ YES ✅ YES ✅ Puerto Rico sportsbooks
South Dakota NO ❌ YES ✅ NO ❌ South Dakota sportsbooks 
Tennessee YES ✅ YES ✅ (pre-match only) NO ❌ Tennessee sportsbooks 
Virginia NO ❌ YES ✅ NO ❌ Virginia sportsbooks 
Washington D.C. NO ❌ YES ✅ YES ✅ Washington D.C. sportsbooks 
West Virginia YES ✅ YES ✅ YES ✅ West Virginia sportsbooks 
Wyoming YES ✅ YES ✅ YES ✅ Wyoming sportsbooks 

States Where Betting on March Madness is only Allowed In Person at Retail Venues

  • Mississippi: Only at Casinos

  • Montana

  • New Mexico: Only at tribal Casinos

  • North Dakota: Only at tribal Casinos

  • Oregon

  • Washington State: Only at tribal Casinos and no betting on in-state teams

  • Wisconsin: Cannot bet on in-state teams

States Where No Betting on March Madness is Allowed

  • Alabama

  • Alaska

  • California

  • Florida

  • Georgia

  • Hawaii

  • Idaho

  • Maine

  • Minnesota

  • Missouri

  • Nebraska

  • Oklahoma

  • South Carolina

  • Texas

  • Utah

  • Vermont

Tips for Choosing The Best Sportsbook Promotion for You

Now that you know some of the best sportsbook promo codes and bonuses for the 2023 March Madness tournament, it's time to pick one to get started. With so many great deals being offered, it can be overwhelming to choose the right one. If you are still trying to decide which to choose, check out our tips to help you get the most value out of every promo and the benefits available to you.

Read the details of each bonus carefully

l have different terms and conditions that could affect your experience. Check for things like expiration dates, withdrawal rules, and playthrough requirements, and verify its availability in your state. Each promo works differently, so you'll need to be sure you understand things like playthrough requirement, qualifying bet, and time to use a bonus/promo before making a selection.

Set a budget to determine how much you can bet

Even though you have yet to choose your sportsbook apps, knowing how much you can afford to deposit can help determine which promo is best for you. While many include offers of a deposit bonus or no-sweat bet up to $1,000, they require an initial deposit of at least that amount. Once you determine a budget, calculate each promo based on what your initial deposit will be.

Check out our sportsbook reviews

We have researched all of the top online sportsbooks in the industry and have reviews to help you make the most informed decision. There are many reliable and well-established options to choose from, but they all have their differences. Check out our online sportsbook review page to see our findings and review some of the biggest pros and cons.

Sportsbook Odds

Sportsbook Odds vary from sportsbook to sportsbook and market variety. Gamblers that take their wagers seriously often use more than one provider for their wagering. Bookmakers at an online sportsbook will use their own odds. While most odds are typically close from sportsbook to sportsbook, getting bets that are consistently +5 to +15 better can make a gambler significantly more money over the course of a season. There are also sportsbooks that offer odds boosts at times as ongoing promotions for their customers. So with that said, make sure when placing pregame wagers, whether it is a bet on the spread or the moneyline, to look at the odds and markets available.

Verify payment method Deposits & Withdrawals

While the sportsbooks from our list accept many of the same payment methods, be sure to verify your preferred method is available. Most major sportsbooks allow for bank transfers, credit/debit cards, PayPal, and other eWallet services. 

Determine what sports or leagues you want to bet on

While these promos celebrate March Madness, you should determine what other sports or leagues you like to bet on. The NCAA Tournament is one of the most exciting sports betting events of the year, but it only lasts for a month. You'll be using these promos to build your bankroll, so you'll want to be sure the sportsbook you choose covers other sports and leagues once March Madness ends.

March Madness Bonuses FAQs

Which is the best bonus or promo for March Madness 2024?

Is betting on college basketball legal?

Can bonus credits be withdrawn for cash?

Is betting on March Madness safe?

How do I apply these bonuses when creating an account?

When is March Madness?

Can I use bonus funds to bet on other sports?

21+ | Terms and conditions apply
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AUTHOR

Richard Janvrin

575 Articles

After graduating from the University of New Hampshire with a BA in Journalism, Richard Janvrin has been covering iGaming and sports betting since December 2018. Richard has covered betting at Bleacher Report, Gambling.com, The Game Day, Forbes, and more.

More info on Richard Janvrin
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