March Madness Betting Promos - Claim More Than $5K in Bonus Value for the NCAA Tournament

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor 16+ years betting experience
Updated: Mar 27, 2026 , 09:33 AM ET • 3 min read

NCAA Tournament Round 3 brings elite matchups and top sportsbook welcome bonuses. Claim BetMGM, Caesars, bet365, FanDuel, Fanatics, and DraftKings promos.

Claim thousands in bonuses on by signing up today!
Photo By - Claim thousands in bonuses on by signing up today!

NCAA Tournament Round 3 delivers high-stakes basketball with four crucial matchups that will determine the path to the regional finals. The March Madness betting promos from leading sportsbooks provide excellent opportunities for new users to enhance their tournament experience. With top seeds facing surging underdogs and contrasting playing styles set to clash, these promotional offers arrive at the perfect time for basketball fans looking to engage with the tournament's most pivotal games.

BetMGM Make a $1.5K First Bet Claim $1500 with code 'COVERS'
Caesars Bet $1, Get 10 100% Boosts Claim 10 Boosts With COVERSBONUSDYW
bet365 Bet $10, Get $365 Get $365 Bonus Bets
FanDuel Get 10X $300 No Sweat Bet Tokens Claim Up To $3000 Bonus Bets
DraftKings Bet $5, Get $200 FanCash Claim $200 FanCash with your first $5 bet
DraftKings Bet $5, Get $200 If It Wins Bet $5 Get $200

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.


BetMGM Logo
Make A $1.5K First Bet
COVERS

BetMGM Bonus Code Offers Up to $1,500 First Bet Protection

BetMGM Sportsbook offers new users two distinct welcome offers, depending on their location. The primary offer allows new customers to claim up to $1,500 in bonus bet protection using the BetMGM bonus code "COVERS." If your first wager loses, BetMGM returns your stake up to $1,500 in bonus bets. Users in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia can instead opt for a "Bet $10, Get $150" promotion using code "COVERSBONUS," which awards $150 in bonus bets when a $10 qualifying wager wins.

Key terms for the $1,500 offer include a minimum $10 deposit requirement and a seven-day expiration on bonus bets. Wagers over $50 receive five separate bonus bets worth 20% each of the original stake. The alternative $150 offer provides three $50 bonus bets that also expire after seven days.

How to Claim BetMGM Sportsbook Offers

Register for a new BetMGM account using the appropriate bonus code for your location. Make a minimum deposit of $10 to activate the welcome offer. Place your qualifying first wager on any sports market, and BetMGM will either refund losing bets up to $1,500 or award $150 in bonus bets for winning $10 wagers, depending on which offer you selected during registration.


Get 10 100% Boosts
Code: COVERSBONUSDYW

Caesars Sportsbook Promo Code Delivers 10 Profit Boost Tokens

Caesars Sportsbook offers new users an innovative welcome promotion that provides 10 profit boost tokens after placing a qualifying first wager. Using Caesars Sportsbook promo code "COVERSBONUSDYW," new customers receive these valuable tokens regardless of whether their initial bet wins or loses. Each 100% profit boost token can be applied to wagers up to $25, effectively doubling any winnings from those enhanced bets.

The qualifying first wager must be at least $1 with odds of -500 or better. Certain bet types, including super boosts, round robins, and wagers using existing bonus funds, do not qualify for this promotion. All 10 profit boost tokens are awarded immediately after the qualifying wager settles.

How to Claim Caesars Sportsbook Profit Boosts

Create a new Caesars Sportsbook account using promo code "COVERSBONUSDYW" during registration. Make a minimum deposit of $10 to fund your account. Place a qualifying wager of at least $1 on any eligible sports market with odds of -500 or better, and Caesars will award all 10 profit boost tokens once your bet settles.


Bet365 Logo

Bet $10, Get $365, Win or Lose

bet365 Bonus Code Provides $365 in Bet Credits

bet365 Sportsbook delivers one of the tournament's most substantial welcome offers, providing new users with $365 in bet credits after placing a qualifying $10 wager. The bet365 bonus code varies by location: most states use "COVERS," while Colorado, Illinois, Missouri, New Jersey, Pennsylvania, and Tennessee require "CVSBONUS." This generous offer provides bet credits regardless of whether the qualifying wager wins or loses.

The qualifying bet must include at least one selection with odds of -500 or greater and must be placed within 30 days of account registration. Bet credits expire seven days after issuance and can be used on any available sports market. A minimum $10 deposit is required to activate this welcome offer.

How to Claim bet365 Bet Credits

Register for a new bet365 account using the appropriate bonus code for your state during the sign-up process. Make a qualifying deposit of at least $10 to activate the promotion. Place a $10 wager containing at least one selection with odds of -500 or better within 30 days of registration, and bet365 will credit your account with $365 in bet credits once the wager settles.


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 Offers Daily No Sweat Tokens

FanDuel Sportsbook offers new users a unique 10-day welcome experience with daily No Sweat Tokens worth up to $300 each. This FanDuel promo requires no bonus code and automatically awards one token daily for 10 consecutive days after account creation. Each token can be applied to any wager, providing bonus bet refunds up to $300 if the enhanced wager loses.

New users must download the FanDuel mobile app and make a minimum $5 deposit to qualify. No Sweat Tokens expire 24 hours after receipt, while any bonus bet refunds expire seven days after issuance. This structure allows users to explore different betting markets throughout their first 10 days with substantial protection on each attempt.

How to Claim FanDuel No Sweat Tokens

Download the FanDuel Sportsbook mobile app and create a new account. Make a minimum deposit of $5 to activate the welcome offer. You will automatically receive one No Sweat Token daily for 10 days, which can be applied to any wager for potential bonus bet refunds up to $300 if your enhanced bet loses.


DraftKings

Bet $5, Get $200 FanCash Instantly

Fanatics Sportsbook Promo Delivers Instant FanCash

Fanatics Sportsbook offers multiple welcome promotions for new users, with the primary offer providing $200 in FanCash immediately after placing a qualifying $5 wager. This Fanatics Sportsbook promo requires no bonus code and delivers the full FanCash amount at once rather than spreading it across multiple days. Users in North Carolina and Tennessee receive an enhanced version worth $400 in FanCash distributed as $100 daily for four consecutive days.

The qualifying wager must have minimum odds of -500 and be placed within seven days of account opening. FanCash expires seven days from issuance in most states, though the North Carolina and Tennessee versions expire 24 hours after each daily issuance. Fanatics also offers a secondary promotion providing 10 days of bet matching up to $100 daily for users who prefer that structure.

How to Claim Fanatics Sportsbook FanCash

Create a new Fanatics Sportsbook account and complete identity verification. Toggle on the promotion in your bet slip and place a qualifying $5 wager with odds of -500 or better within seven days of registration. Fanatics will immediately credit your account with $200 in FanCash, or begin the four-day $100 daily distribution if you're located in North Carolina or Tennessee.


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 Awards Instant Bonus Bets Plus Tournament Boost

DraftKings Sportsbook combines instant gratification with tournament-specific value through its dual welcome offer for new users. The DraftKings promo code is not required, as new customers automatically receive $200 in bonus bets immediately after placing a qualifying $5 wager. Additionally, DraftKings offers a 100% profit boost token for NCAA Tournament championship futures bets, doubling your potential winnings on your tournament winner selection.

The $200 bonus arrives as eight separate $25 bonus bets, each expiring seven days after issuance. A minimum $5 deposit and qualifying wager are required, with the bonus bets awarded instantly or within 72 hours during high-traffic periods. The tournament-specific profit boost adds extra value for users looking to make championship predictions during the tournament's most crucial stage.

How to Claim DraftKings Bonus Bets and Tournament Boost

Register for a new DraftKings Sportsbook account without needing a promo code. Make a minimum $5 deposit and select the welcome offer token before placing your qualifying $5 wager on any sports market. DraftKings will instantly award eight $25 bonus bets plus the 100% profit boost token for NCAA Tournament championship futures, providing immediate betting opportunities and enhanced tournament value.


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Peter Clarke - Covers
Senior Editor

Peter Clarke is dedicated to keeping bettors informed about the biggest sports betting events, such as the Super Bowl and March Madness, and the best way to cash in on sportsbook promos. He's also always on top of the latest welcome offers from the biggest sportsbooks, so he can share the best deals and the most exciting games to use them on every day.

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