Best March Madness Sportsbook Promotions and Bonus Codes 2023

After a full season of college basketball action, there is no bigger event than the NCAA Tournament. March Madness pits 68 teams against one another, with the goal of being the last team standing. And for college basketball bettors, there are plenty of March Madness sportsbook promos worth taking advantage of for what will be an incredibly exciting few weeks on the court.

Why Should I Use a Sportsbook Bonus Code For March Madness?

There are several reasons to use a March Madness sportsbook bonus. The most important of those reasons is the fact that these bonuses provide bettors with added value or peace of mind when betting on the NCAA Tournament. If you are someone who is going to bet on the college basketball action in March anyway, using these promotions are a no-brainer when starting out at different sportsbooks.

Another major reason to utilize these March Madness sportsbook promotions is that they make it even more worthwhile to start using other sportsbooks. Using as many sportsbooks as possible allows bettors to take advantage of the best odds for each game, during March Madness and all other sporting events. Using the offers above can provide even more value when shopping for the best prices.

How Do I Claim a Sportsbook Promo for March Madness?

Claiming March Madness sportsbook promos could not be easier, as most sportsbooks have the same process in place to do so. Just follow the list of steps below to get set up with the offers you wish to take advantage of.

• Click the Claim Offer buttons above for the offers you wish to use
• Hit the Sign Up button at each sportsbook once you are there
• Fill out the registration forms at those sportsbooks
• Use any necessary promo codes when signing up/depositing
• Make your first deposit
• Place any qualifying bets to use your bonus
• Receive any applicable bonuses

Of course, bettors should be sure to check out the terms and conditions for any sportsbook promotion that they are thinking about utilizing. That is where bettors will find details on any wagering requirements or odds requirements that exist for each promo, along with any other pertinent information worth noting to make sure bettors are eligible.

Best Sportsbook Promotion for March Madness

The best sportsbook promo for March Madness is the Bet $1, Win $200 promotion from Bet365. There, bettors can place their first wager on the NCAA Tournament for just $1. Whether that bet wins or loses, it does not matter, as Bet365 will pay out $200 in bonus bets as soon as that original $1 wager settles. To claim this incredible 200/1 bonus, bettors can click the Claim Offer button here and use the code ATS200.

Bet $1 Get $365 in Bonus Bets

Claim offer Promocode:

ATS200

Gambling Problem? Call or TEXT 1-800-Gambler 21+

Best Online Sportsbooks with March Madness Promos

Along with the above offer from Bet365, there are several other March Madness sportsbook promos to take advantage of. Here, we have compiled several of those offers worth taking advantage of, so bettors can worry less about their bets and more about their brackets.

DraftKings Sportsbook

One of the more compelling NCAA Tournament sportsbook promos can be found at DraftKings Sportsbook. There, bettors can place a $5 bet on a tournament game with their first wager on the site. If that $5 bet wins, bettors will receive $200 in bonus bets, in a massively boosted price over the odds of any normal NCAA Tournament game.

With this offer, bettors can bet on any team to win on the moneyline to receive their bonus bets. This includes backing a one-seed to beat a 16-seed, something that has happened in all but one game between a top-seed and a 16-seed in the history of the tournament. From a strategy standpoint, this promotion cannot be beat.

Bet $5 Get $200 + $150 in No Sweat Bets

Claim offer Promocode:

ATSBONUS

Gambling Problem? Call or TEXT 1-800-Gambler 21+

Caesars Sportsbook

For those looking for a more high-reward bonus, the new player promo at Caesars Sportsbook is perfect for March Madness. Caesars is letting bettors get their first wager on Caesars for up to $1,250. That offer lets bettors place their first wager on the tournament game of their choosing, with bettors being reimbursed with up to $1,250 in site credit if that bet does not win.

With this offer, bettors can be a little more adventurous with their first wager, knowing they will get a second chance if their best does not win. This means bettors can wager on an underdog and pull for a first round upset, with peace of mind that is hard to find at most major sportsbooks.

$1,000 First Bet on Caesars

Claim offer Promocode:

ATSBONUS1000

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FanDuel Sportsbook

New bettors at FanDuel Online Sportsbook will get $200 in bonus bets when they bet just $20, win or lose! For example, if you bet $20 on Duke to win their first round matchup, you will instantly see $200 in bonus bets added to your account. These bonus bets can be used to place more bets in any denomination you choose, just be sure to check the box in the betslip when placing your next bet.

FanDuel offers a large amount of betting markets that other sportsbooks do not, including some creative props pertaining to how far teams will go in the tournament. Being able to bet on them with the peace of mind this offer provides is certainly a positive.

Bet $5 Get $200 in Bonus Bets & $100 off NFL Sunday Ticket

Claim offer Promocode:

Click To Claim

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PointsBet

PointsBet has put a unique spin on the second chance bet promotion that bettors might see elsewhere. There, bettors can get five second chance bets worth up to $50 each, one for each of their first five days using the site. That means the potential for up to $250 in second chance bets spread over five days.

What is great about this promotion is that bettors get multiple bets insured, rather than just one. For an event like the NCAA Tournament, where there are a ton of games to bet on, the ability to use this promo on five different bets is simply unmatched.

SI Sportsbook

At SI Sportsbook, bettors can place a $20 wager with their first bet. If that wager wins, bettors will receive their winnings, along with an extra $200 in bonus bets. That 10/1 payout is much better than what would normally be available throughout the tournament, making this one of the best March Madness promos to utilize.

While SI Sportsbook is only available in a handful of states right now, they are building a quality product that is backed by a marquee name in the world of sports. Bettors in states where it is available will not regret giving SI a try.

Bet $20 Win $200 In Bonus Bets

Claim offer Promocode:

ATS200

Gambling Problem? Call or TEXT 1-800-Gambler 21+

Best March Madness Betting Promos Types

• Bet and Get: These offers let bettors wager a small amount, with the sportsbook then paying out a larger sum in the form of bonus bets or site credit.
• Second Chance Bet: With second chance bets, bettors can place their first wager, and receive the amount they lose back in site credit.
• Deposit Bonus: A deposit bonus gives bettors an extra percentage in bonus funds on top of the deposit amount that a player makes.
• First Bet Match: First bet matches give players a bonus in the amount of the amount they used for their first wager, up to a certain amount set by the sportsbook.

How to Pick the Best March Madness Sportsbook Promo

There is no one size fits all answer to deciding on the best March Madness sportsbook promo. Bettors have to determine what is best for them based on their individual needs, depending on their budget and the way that they like to bet.

For example, bettors who prefer to play for lower stakes may prefer to use a bet and get offer that will inflate their balance in a hurry. Meanwhile, bettors who want to play for larger sums may want to utilize a deposit bonus or play ambitiously with a second chance bet offer with a high limit. There is no right or wrong answer, as long as each bettor is wagering responsibly and within their own individual budget.

March Madness Betting FAQs