March Madness Betting Promos Unlock Over $5,000 in Welcome Bonuses Ahead of This Weekend's Games

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor 16+ years betting experience
Updated: Mar 31, 2026 , 03:05 PM ET • 3 min read

Get the best March Madness betting promos for the Final Four with welcome bonuses from top sportsbooks.

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

This weekend's Final Four matchups deliver premium betting opportunities as Illinois faces UConn and Michigan battles Arizona in high-stakes showdowns. With balanced scoring meeting elite defense and explosive offenses clashing, bettors can capitalize on exceptional March Madness betting promos from leading sportsbooks. These welcome offers provide substantial bonus opportunities for new users looking to wager on the tournament's most crucial 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 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 Sportsbook First Bet Offers

New BetMGM users can choose between two compelling welcome offers depending on their location. The primary offer provides up to $1,500 back in bonus bets if your first wager loses, while select states offer a bet $10, get $150 promotion for winning first bets. Both promotions require the appropriate BetMGM bonus code during registration.

The $1,500 first bet offer uses the bonus code "COVERS" and returns your stake in bonus bets if your initial wager loses. For wagers over $50, BetMGM awards five separate bonus bets worth 20% of your qualifying wager each. The alternative offer in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia uses code "COVERSBONUS" and provides $150 in bonus bets when your $10 first bet wins.

How to Claim BetMGM Welcome Offers

Register for a new BetMGM account using the appropriate bonus code for your state. Make a minimum $10 deposit to activate your account. Place your qualifying first bet on any sports market to trigger the welcome bonus. Bonus bets expire seven days after issuance and cannot be withdrawn directly.


Get 10 100% Boosts
Code: COVERSBONUSDYW

Caesars Sportsbook Profit Boost Promotion

Caesars Sportsbook offers new users 10 profit boost tokens after placing their first qualifying wager of at least $1. Each 100% profit boost token doubles your winnings on wagers up to $25, providing substantial value for Final Four betting. The Caesars Sportsbook promo code "COVERSBONUSDYW" activates this welcome offer.

Qualifying wagers must have odds of -500 or better and cannot use bonus funds or other promotional tokens. The profit boost tokens provide flexibility for various betting strategies across the Final Four games. Each token effectively doubles your potential profit on eligible wagers.

How to Claim Caesars Profit Boost Tokens

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 with odds of -500 or better to receive your 10 profit boost tokens immediately.


Bet365 Logo

Bet $10, Get $365, Win or Lose

bet365 Sportsbook Bonus Bet Offer

bet365 provides new users with $365 in bonus bets after placing a qualifying $10 wager, regardless of the outcome. This substantial welcome offer requires the bet365 bonus code "COVERS" in most states, with "CVSBONUS" required in Colorado, Illinois, Missouri, New Jersey, Pennsylvania, and Tennessee.

The qualifying wager must include at least one selection with odds of -500 or greater and settle within seven days of claiming the offer. Bonus bets expire seven days after issuance and can be used on any sports market. The substantial $365 bonus amount provides extensive betting opportunities for the Final Four.

How to Claim bet365 Bonus Bets

Register for a new bet365 account using the appropriate bonus code for your state. Make a minimum $10 qualifying deposit within 30 days of registration. Place a $10 wager containing at least one selection with odds of -500 or greater to receive $365 in bonus bets.


Up to $3,000 In Bonus Bets

Gambling Problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).
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 Sportsbook No Sweat Token Offer

FanDuel's welcome promotion provides new users with 10 No Sweat Tokens, one per day for 10 consecutive days. Each token offers up to $300 back in bonus bets if your wager loses, creating substantial value over the tournament's duration. No FanDuel promo code is required for this offer.

Each No Sweat Token expires 24 hours after receipt, encouraging daily engagement throughout the tournament. If your token-protected wager loses, FanDuel refunds your stake up to $300 in bonus bets within 72 hours. The daily structure aligns perfectly with tournament action.

How to Claim FanDuel No Sweat Tokens

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


DraftKings

Bet $5, Get $200 FanCash Instantly

Fanatics Sportsbook FanCash Promotions

Fanatics Sportsbook offers multiple welcome promotions depending on your location. The primary offer provides $200 in FanCash immediately after placing a $5 qualifying wager, while North Carolina and Tennessee users receive $400 in FanCash distributed over four days. No Fanatics Sportsbook promo code is required for these offers.

The immediate $200 FanCash offer requires enabling the promotion in your bet slip and placing a $5 wager with odds of at least -500. Alternative markets include the 10 x $100 Bet Match promotion, which matches your first daily wager up to $100 in FanCash for 10 consecutive days.

How to Claim Fanatics FanCash Offers

Register for a new Fanatics Sportsbook account and complete identity verification. Toggle on your chosen promotion in the bet slip before placing your qualifying wager. For the primary offer, wager $5 with odds of -500 or better to receive $200 in FanCash immediately.


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 Sportsbook Bonus Bet Promotion

DraftKings provides new users with $200 in bonus bets instantly after placing a $5 qualifying wager, plus a 100% profit boost token for NCAA Tournament winner futures bets. No DraftKings promo code is required, but users must select the promotional token before placing their first bet.

The $200 bonus arrives as eight separate $25 bonus bets, providing flexibility for multiple Final Four wagers. The additional 100% profit boost token doubles potential winnings on tournament winner futures bets, adding extra value for championship predictions. Bonus bets expire seven days after issuance.

How to Claim DraftKings Bonus Bets

Download the DraftKings Sportsbook app and create a new account with identity verification. Make a minimum $5 deposit and select the promotional token before placing your first bet. Wager $5 on any sports market to instantly receive $200 in bonus bets plus your tournament futures profit boost token.


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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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