Round 3 of March Madness betting promos tips off tomorrow with a tighter, more competitive field as remaining teams shift from surviving to legitimately chasing a title. Top seeds like Duke, Arizona, and Michigan have largely handled business so far, but the gap is narrowing with several lower-seeded teams carrying momentum into this crucial stage. Sportsbooks are rolling out their biggest welcome bonuses and promotional offers to capitalize on the tournament's most exciting rounds.
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Make a $1.5K First Bet | Claim $1500 with code 'COVERS' |
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$250 Bet Match | Claim 10 Boosts With COVERSBONUSDYW |
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Bet $10, Get $365 | Get $365 Bonus Bets |
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Get 10X $300 No Sweat Bet Tokens | Claim Up To $3000 Bonus Bets |
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Bet $5, Get $200 FanCash | Claim $200 FanCash with your first $5 bet |
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Bet $5, Get $300 If It Wins | Bet $5 Get $300 |
Best Sportsbook Welcome Offers for the NCAA Tournament
Multiple sportsbook promos are available for new users looking to bet on the NCAA tournament. These offers range from bonus bets to profit boosts, giving bettors various ways to enhance their tournament wagering experience. Many sportsbooks also feature March Madness bracket contests with substantial prize pools.
COVERS
BetMGM Bonus Code: $1,500 First Bet Protection
New BetMGM customers can secure up to $1,500 in bonus bet protection using the BetMGM bonus code "COVERS." This welcome offer provides full stake protection on your first wager, returning your entire bet amount in bonus bets if your initial wager loses. The operator splits larger bonus amounts into five separate bonus bets, each worth 20% of your qualifying wager for bets over $50.
Key terms include a minimum $10 deposit requirement and a seven-day expiration on all bonus bets. Users in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia can alternatively claim a "Bet $10, Get $150" promotion using code "COVERSBONUS," which awards $150 in bonus bets when your qualifying $10 wager wins.
How to Claim the BetMGM Welcome Bonus
Register for a new BetMGM account using bonus code "COVERS" and complete identity verification with your driver's license. Make a minimum $10 deposit, then place your first real money wager on any sports market. If your bet loses, BetMGM returns your stake up to $1,500 in bonus bets within 72 hours. Bonus bets expire seven days after issuance and cannot be withdrawn directly.
Get 10 100% Boosts
Code: COVERSBONUSDYW
Caesars Sportsbook Promo Code: 10 Profit Boost Tokens
The Caesars Sportsbook promo code "COVERSBONUSDYW" unlocks 10 profit boost tokens after placing your first qualifying wager of at least $1. Each 100% profit boost token doubles your potential winnings on wagers up to $25, providing significant value across multiple bets. This promotion rewards both winning and losing first bets, making it accessible regardless of your initial wager outcome.
Qualifying wagers must have odds of -500 or longer and cannot include bonus bets, reward credits, or super boosts. The tokens provide flexibility to enhance various betting markets throughout the tournament, with each boost applicable to individual wagers of $25 or less.
How to Claim Caesars Profit Boost Tokens
Create a new Caesars Sportsbook account using promo code "COVERSBONUSDYW" and provide the required personal information for verification. Make a minimum $10 deposit, then place your first qualifying wager of at least $1 on any eligible sports market. Caesars automatically credits your account with 10 profit boost tokens regardless of your bet outcome, ready for use on future wagers.
Bet $10, Get $365, Win or Lose
Bet365 Bonus Code: Bet $10, Get $365 in Bet Credits
New bet365 customers receive $365 in bet credits after placing a qualifying $10 wager using the bet365 bonus code "COVERS" in most states. Users in Colorado, Illinois, Missouri, New Jersey, Pennsylvania, and Tennessee should use code "CVSBONUS" instead. This substantial welcome bonus provides significant betting power across any sports market, with bet credits issued regardless of your initial wager outcome.
The qualifying bet must include at least one selection with odds of -500 or greater, and you have 30 days from registration to claim the offer. Bet credits expire seven days after issuance and cannot be withdrawn directly, but winnings from bet credit wagers are fully withdrawable.
How to Claim Bet365 Welcome Bonus
Register for a bet365 account using bonus code "COVERS" (or "CVSBONUS" in select states) and complete the verification process. Make a minimum $10 qualifying deposit, then place your first $10 wager on any sports market with odds requirements met. Bet365 credits your account with $365 in bet credits within 72 hours of bet settlement, valid for seven days from issuance.
Up to $3,000 In Bonus Bets
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21+ and present in select states.Gambling Problem? Call 1-800-GAMBLER (CO, IA, KY, MI, NJ, OH, PA, IL, TN, VA, VT), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), visit www.mdgamblinghelp.org (MD), 1-800-522-4700 (WY), or visit www.1800gambler.net (WV).
FanDuel Promo: $300 No Sweat Tokens Daily for 10 Days
FanDuel's welcome promotion provides new users with daily $300 No Sweat Tokens for 10 consecutive days, totaling up to $3,000 in potential bonus bet protection. Each token protects a single wager up to $300, returning the full stake in bonus bets if your wager loses. This extended promotion allows bettors to explore various markets throughout the tournament with substantial protection.
No FanDuel promo code is required, but users must download the mobile app and make a minimum $5 deposit. Each No Sweat Token expires 24 hours after receipt, encouraging daily engagement with the platform during the tournament's most exciting rounds.
How to Claim FanDuel No Sweat Tokens
Download the FanDuel Sportsbook mobile app and register for a new account with your personal information. Make a minimum $5 deposit to activate your welcome bonus eligibility. FanDuel automatically awards one No Sweat Token daily for 10 days, which you can apply to any wager by toggling the token before placing your bet.
Bet $5, Get $200 FanCash Instantly
Fanatics Sportsbook Promo: Bet $5, Get $200 FanCash
Fanatics Sportsbook offers new customers $200 in FanCash immediately after placing a qualifying $5 wager on any market with minimum odds of -500. This straightforward promotion provides instant value without requiring multiple days or complex terms. FanCash functions similarly to bonus bets but integrates with Fanatics' broader rewards ecosystem.
The offer is available in most states, with variations in Illinois, New York, Tennessee, and North Carolina. Users must enable the promotion in their bet slip and complete their qualifying wager within 7 days of account opening. FanCash expires seven days from issuance and cannot be withdrawn directly.
How to Claim Fanatics Welcome Bonus
Create a new Fanatics Sportsbook account through their website or mobile app and complete identity verification. Make your first deposit, then toggle on the promotion in your bet slip before placing a qualifying $5 wager with odds of -500 or longer. Fanatics credits your account with $200 in FanCash once your bet settles, regardless of the outcome.
Bet $5, Get $200 Instantly
GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit http://gamblinghelplinema.org/ (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit http://ccpg.org/ (CT), or visit http://www.mdgamblinghelp.org (MD). 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 1 per new customer. Must register new account to receive reward Token. Must select Token BEFORE placing min. $5 bet to receive $200 in Bonus Bets. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Bet must settle by and Token expires 2/22/26. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: http://sportsbook.draftkings.com/promos . Ends 2/15/26 at 11:59 PM ET. Sponsored by DK.
DraftKings Promo Code: Bet $5, Get $200 Plus Tournament Boost
DraftKings provides new customers with $200 in bonus bets instantly after placing a qualifying $5 wager, plus a 100% profit boost token for tournament winner futures bets. This dual-benefit promotion combines immediate bonus bet value with enhanced odds on championship futures. The DraftKings promo code is not required, making the claiming process straightforward.
The $200 bonus arrives as eight separate $25 bonus bets, providing flexibility across multiple wagers. The profit boost token specifically applies to tournament winner bets, doubling potential profits on championship futures. All bonus bets expire seven days from issuance.
How to Claim DraftKings Welcome Offer
Register for a new DraftKings Sportsbook account and complete the verification process with the required personal information. Make a minimum $5 deposit, then select the welcome bonus token before placing your qualifying $5 wager on any sports market. DraftKings instantly credits your account with $200 in bonus bets plus the tournament winner's profit boost token.
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