Top March Madness betting promos
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- FanDuel Benefits
- Excellent user experience
- Best for NFL betting
- World-class mobile platform
- FanDuel Review
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- bet365 Benefits
- Excellent pricing
- Gold standard layout
- Best NFL live betting
- bet365 Review
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- Caesars Benefits
- Best VIP experience
- White glove customer support
- Highly trusted legacy brand
- Caesars Review
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- Fanatics Sportsbook Benefits
- Flexible FanCash Rewards
- Leading Fair Play policy
- Unique and creative promos
- Fanatics Sportsbook Review
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- BetMGM Benefits
- Do-it-all parlay builder
- Consistent daily promos
- Classy MGM Rewards program
- BetMGM Bonus Review
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- DraftKings Benefits
- Lightning fast withdrawals
- Supreme navigation
- Best for grading winners
- DraftKings Review
Comparing the best March Madness betting promos
 BetMGM Sportsbook |
 Caesars Sportsbook |
 bet365 Sportsbook |
 FanDuel Sportsbook |
 Fanatics Sportsbook |
 DraftKings Sportsbook |
|
|---|---|---|---|---|---|---|
| Compare | ||||||
| Welcome bonus | $1,500 First Bet Offer + $50 BetMGM Rewards Points | Bet $1, Get (10) 100% Profit Boosts | Bet $10, Get $200 Win or Lose or $1,000 First Bet Safety Net | Bet $5, Win $150 | 10 X $100 Bet Match in FanCash | Bet $5, Get $100 Instantly + 1 Month of ESPN Unlimited |
| Promo code | COVERS50 | COVERSBONUSDYW | COVERS | Applies automatically | Applies automatically | Applies automatically |
| Bonus type | Second chance bet | Bet and get | Bet and get | Second chance bets | Bet and get | Bet and get |
| Bonus form | One (< $50) or five (> $50) bonus bets | 10 100% profit boosts | $200 in bonus bets | $150 in bonus bets | Up to $1,000 in FanCash | four $25 bonus bets |
| Wagering period | 7 days | 14 days | 30 days | 7 days | 7 days | 7 days |
| Min. deposit | $10 | $10 | $10 | $5 | $10 | $5 |
| Covers BetSmart Rating | ⭐ 4.8/5 | ⭐ 4.7/5 | ⭐ 4.7/5 | ⭐ 4.7/5 | ⭐ 4.6/5 | ⭐ 4.6/5 |
How the top March Madness promos compare to each other
Expert Verdict
I consider the current BetMGM welcome bonus the top March Madness promo for the Final Four of the 2026 NCAA men's tournament. However, all of the sportsbook offers above have their perks. For example, the simple 'bet and get' structure of DraftKings bonus makes it ideal for more casual bettors. If you're looking for value beyond a dollar amount that incorporates loyalty, I'd suggest Caesars and Fanatics since their offers are tied to their great rewards programs. bet365 offers two great welcome bonuses, so you can choose the one that's right for you. Overall, the best March Madness betting promo is the one that aligns with your betting preferences.
Best March Madness betting promos (ranked and explained)
March Madness is days away, and the best online betting sites are already competing to stand out to bettors. We've analyzed the market to provide our top six new-user sportsbook promos for the 2026 March Madness tournament, ranked and explained:
1. BetMGM - Best overall March Madness experience
2. FanDuel - Best for March Madness SGPs
3. DraftKings - Best for NCAA Tournament props
4. bet365 - Best for March Madness live betting
5. Caesars Sportsbook - Best March Madness rewards program
6. Fanatics Sportsbook - Best for March Madness merch rewards
1. BetMGM - Best March Madness betting experience
Expert Verdict
The self-proclaimed 'King of Sportsbooks' is undeniably one of the best overall March Madness betting sites in 2026. A major reason is because BetMGM offers the highest-valued welcome bonus, which you can use to wager on its wealth of March Madness betting markets, including single-game winners or outright tournament champions. I also suggest checking out the existing BetMGM college basketball promos you can use alongside your welcome bonus for an even bigger payout.
BetMGM March Madness promo terms and conditions
- Enter our exclusive BetMGM bonus code 'COVERS50' to qualify for the offer.
- Put down a minimum deposit of $10 or more.
- If your initial wager loses, BetMGM will return 100% of your qualifying stake, up to $1,500, in bonus bets.
- If you bet over $50, you will receive five (5) bonus bets that are each worth 20% of your stake. You will receive one bonus bet if you wager $49 or less.
- The bonus is valid for seven days (168 hours).
- The BetMGM Sportsbook promo is valid until 11:59 p.m. ET on July 1, 2026.
Refer to our BetMGM bonus code review for an in-depth analysis.
|
BetMGM Sportsbook |
|---|---|
| March Madness sign-up bonus | $1,500 First Bet Offer |
| Bonus code | COVERS |
| Top feature | Best March Madness betting experience |
| Minimum deposit | $10 |
| Payout speed | 48 hours |
| App Store rating | 4.8/5 (254K reviews) |
| Android rating | 4.0/5 (39.5K reviews) |
| Available states | AZ, CO, IA, IL, IN, KS, KY, LA, MD, MA, MI, MO, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR) |
2. FanDuel - Best for March Madness SGPs
Expert VerdictNo list of the best March Madness betting promos would be complete without FanDuel. Not only does the iconic sportsbook deliver an excellent FanDuel promo code new-user offer ahead of the tournament, but I also love how streamlined the operator made creating and placing March Madness same-game parlays this year. You can visit 'ParlayHub' for pre-built SGPs and easily create your own using FanDuel's thousands of markets. You can also parlay future bets together as we inch towards the Final Four.
FanDuel March Madness promo terms and conditions
- Download the FanDuel Sportsbook app — one of the best U.S. sports betting apps — to access the sign-up bonus.
- Put down a minimum deposit of $5 into your account.
- You'll get one No Sweat Token every day for your first 10 days.
- If you lose your bet using the token, you'll receive your stake back as a bonus. Each token has a maximum refund of $300, allowing you to claim up to $3,000 total in bonus bets.
- Your bonus bets will last seven days (168 hours).
- This FanDuel Sportsbook promo expires at 11:59 p.m. ET on June 3, 2026.
|
FanDuel Sportsbook |
|---|---|
| March Madness sign-up bonus | Bet $5, Win $150 |
| Bonus code | Offer applies automatically |
| Top feature | Best for March Madness SGPs |
| Minimum deposit | $5 |
| Payout speed | 24 hours |
| App Store rating | 4.9/5 (2.1M reviews) |
| Android rating | 4.5/5 (385K reviews) |
| Available states | AR, AZ, CO, CT, IL, IN, IA, KS, KY, LA, MD, MA, MI, MO, NC, NJ, NY, OH, PA, TN, VT, VA, WV, WY (+ DC) |
3. DraftKings - Best for NCAA Tournament props
Expert VerdictWhat sets DraftKings apart in a crowded NCAA basketball betting landscape is its deep collection of tournament-specific prop markets. Use the $100 in bonus bets in your account via the DraftKings promo code welcome offer to explore all of the sportsbook's 2026 March Matchup props.
DraftKings promo terms and conditions
- You do not need a DraftKings promo code to secure this offer.
- Make a first deposit of $5 and wager of $5.
- If your wager wins or loses, you will receive $100 (four $25 bonus bets) instantly.
- The bonus is not included in any future winnings. You will also receive a 100% profit boost.
- If you do not use the bonus within seven days, it will expire.
- This DraftKings promo expires at 11:59 p.m. ET on May 31, 2026.
|
DraftKings Sportsbook |
|---|---|
| March Madness sign-up bonus | Bet $5, Get $100 Instantly + 1 Month of ESPN Unlimited |
| Bonus code | Offer applies automatically |
| Top feature | Best for NCAA Tournament props |
| Minimum deposit | $5 |
| Payout speed | 24 hours |
| App Store rating | 4.8/5 (973.7K reviews) |
| Android rating | 4.7/5 (222.2K reviews) |
| Available states | AR, AZ, CO, CT, IA, IL, IN, KS, KY (18+), LA, MA, MD, ME, MI, MO, NC, NH (18+), NJ, NY, OH, OR, PA, PR (18+), TN, VA, VT, WY (18+), WV |
DraftKings responsible gaming GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit https://gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit https://ccpg.org (CT), or visit https://www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/KY/NH/PR/WY). Void in NH/OR/ONT/PR. 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. Min. $5 first-time bet req. Max. $5 issued as non-withdrawable Bonus Bets that expire in seven days (168 hours). Stake removed from payout. Plus, upon qualifying bet placement, get 1 100% Profit Boost Token, valid only for a NCAA Tournament Winner bet. Max. Bet: $10. Profit Boost Tokens are single-use and expire on 4/6/26 at 11:59 PM ET. Must select Token BEFORE placing bet. Boost only applies to winnings. Ends May 31, 2026 at 11:59 PM ET. Terms: https://sportsbook.draftkings.com/promos.
4. bet365 - Best for March Madness live betting
Expert VerdictWhen it comes to Big Dance betting, few online sportsbooks can touch bet365. You can choose from when you register with our bet365 bonus code 'COVERS' or 'CVSBONUS', depending on your location. What's better? bet365 offers the industry's best live betting experience. Just head to the 'Live' section to get real-time odds that update after every play of the tournament. You can also get great live odds on several novelty markets, such as 'Will there be a buzzer beater in the 2026 NCAA March Madness tournament?'.
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bet365 March Madness promo terms and conditions
- Register on the bet365 Sportsbook app with our exclusive bonus code 'COVERS' ('CVSBONUS' if you are in CO, IL MO, NJ, PA, TN).
- Make a minimum first deposit of $10 to unlock the bonus.
- Place an initial $10 bet on any market with -500 odds or longer within 30 days of opening your account.
- Whether your bet wins or loses, bet365 will issue you $200 in bonus bets.
- Your bonus will expire seven days (168 hours) after receipt.
- This bet365 sports betting promo expires at 6:59 a.m. ET on June 1, 2026.
|
bet365 Sportsbook |
|---|---|
| March Madness sign-up bonus | Bet $10, Get $200 Win or Lose or $1,000 First Bet Safety Net |
| Bonus code | COVERS |
| Top feature | Best for March Madness live betting |
| Minimum deposit | $10 |
| Payout speed | 24 hours |
| App Store rating | 4.8/5 (265.2K reviews) |
| Android rating | 4.6/5 (235.9K reviews) |
| Available states | AZ, CO, IA, IL, IN, KS, KY, LA, MD, MO, NC, NJ, OH, PA, TN, VA |
5. Caesars Sportsbook - Best March Madness rewards program
Expert VerdictCaesars Sportsbook is offering all NCAA bettors more than just a dollar-value with its existing new-user welcome bonus. Once you register an account with our Caesars Sportsbook promo code 'COVERSBONUSDYW', you automatically gain access to Caesars Rewards — our pick for the best sportsbook rewards programs in 2026. Turn every March Madness wager into credits, which help you ascend tiers and unlock great additional perks, such as bonus bets, free trips to Caesars locations, and more.
Caesars Sportsbook March Madness promo terms and conditions
- Use the Caesars Sportsbook promo code 'COVERSBONUSDYW' to trigger the bonus.
- Make an initial deposit of $10 or more.
- Place a first wager of at least $1 to get 10 100% profit boosts.
- Caesars Sportsbook will award the bonus within 72 hours of your bet settling.
- Your bonus is valid for 14 days after receipt.
- This Caesars Sportsbook promo ends at 11:59 p.m. ET on Aug. 18, 2026.
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Caesars Sportsbook |
|---|---|
| March Madness sign-up bonus | Bet $1, Get (10) 100% Profit Boosts |
| Bonus code | COVERSBONUSDYW |
| Top feature | Best March Madness rewards program |
| Minimum deposit | $10 |
| Payout speed | 24 hours |
| App Store rating | 4.7/5 (100.1K reviews) |
| Android rating | 4.6/5 (33.5K reviews) |
| Available states | AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, ME, MI, MO, MS, NC, NJ, NY, NV, OH, PA, TN, VA, WV, WY (+ DC) |
6. Fanatics Sportsbook - Best for March Madness merch rewards
Expert VerdictI appreciate the unique nature of the Fanatics Sportsbook promo code new-player deal, as you can secure a daily bonus for your first ten days. However, what I appreciate more is that I can earn FanCash, the operator's on-site virtual currency, on day one of using Fanatics Sportsbook. You will get FanCash back on every March Madness wager you place, which you can later redeem for Fanatics' merchandise, including team jerseys, team hats, and more.
Fanatics Sportsbook March Madness promo terms and conditions
- Make a first deposit of at least $10.
- Place your initial $1 minimum wager.
- Bet on any market with odds of -500 or higher.
- You will receive your stake matched in FanCash, up to $100. You can claim this bonus each of your first ten days, allowing you to get up to $1,000 in FanCash.
- Bonus bets will appear in your account within 72 hours of a wager settling as a loss.
- This Fanatics Sportsbook promo currently ends Aug. 23, 2026.
|
Fanatics Sportsbook |
|---|---|
| March Madness sign-up bonus | 10 X $100 Bet Match in FanCash |
| Bonus code | Offer applies automatically |
| Top feature | Best for March Madness merch rewards |
| Minimum deposit | $1 |
| Payout speed | 24 hours |
| App Store rating | 4.8/5 (212.5K reviews) |
| Android rating | 4.7/5 (45K reviews) |
| Available states | AZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NY, OH, PA, TN, VT, VA, WV, WY |
How to claim March Madness promos
Now that you have a thorough understanding of your options for the best March madness betting promos, we'll take you through the steps to ensure you can redeem and use them efficiently.
- With legal online betting open in most states, March Madness bettors have multiple online sportsbooks and the best sports betting apps they can register with today.
- Consider sign-up bonuses, odds pricing, supported banking methods, and the look and feel of each sportsbook before getting started.
- Simply pinpoint your preferred March Madness sportsbook(s) and use the links in this guide to arrive at its sign-up page.
- Enter your name, email, and address, and follow the prompts provided by the online platform.
- Once you’ve confirmed your identity and location, your account will be active.
- The best March Madness betting sites are vying for your attention by offering the most common sportsbook promos, including second chance bets, bet and gets, and deposit match bonuses.
- Be sure to enter a sportsbook promo code, if necessary.
- Navigate to the 'deposit' or 'cashier' button, select your desired payment provider — feel free to refer to our guide on the best sportsbook for payouts — and confirm the amount you wish to put down.
- Bettors should understand each payment method fully and look for potential fees charged by banks or financial institutions.
- Now you're ready to bet on March Madness markets or whatever else you please.
- Enter your stake amount and confirm the wager to have it appear on your bet slip.
- With licensed and regulated NCAA basketball sportsbooks, accessing your sports bet winnings is painless.
- Just head back to the 'cashier' section to do so. But remember: Sportsbooks do not consider bonus bets real money, so you'll need to use those for further betting.
Best March Madness promos for existing users
After you've claimed your new user welcome offers, check out the top March Madness betting promos that all bettors can claim on May 10, 2026:
| Sportsbook ⭐ | Promo or boost 💰 |
|---|---|
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🏀 March Matchups Boost — Secure an odds boost token to apply on any NCAA basketball wager. |
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🏀 NCAA Men's Tournament Finals — Get +140 boosted odds on Taris Reed Jr to have 15+ points and 7+ rebounds. |
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🏀 $5M Tournament Pick'Em — Visit the Tournament Pick'Em game during each of the 10 selection periods. Make five picks per period for a chance to win a share of $5 million in bonus bets if all of your picks are correct. |
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🏀 CBB Mystery March Offer — Claim one of the following promos to use on NCAA men's basketball tournament: 100% All-Purpose Boost, 50% All-Purpose Boost, or a 30% Parlay Boost. |
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🏀 March Madness Finals Boost — Get a 30% profit boost that you can use on any March Madness Finals wager today. |
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🏀 10 March Madness Profit Boosts — Get 10 profit boosts every NCAAB men's tournament gameday to use on March Madness Championship Game wagers. |
Understanding March Madness terms and conditions
We've outlined several common terms and conditions typically attached to the best March Madness betting promos in 2026:
✅ Check the minimum deposit and wager initially required to qualify for the promotion. Most sportsbooks range between $5 and $10 for both. However, you must invest a larger amount for 'second-chance' or 'deposit match' bonuses to maximize those types of offers.
✅ How a bonus is issued is a major factor in how you use your bonus in the future. Some March Madness betting sites offer the bonus as a lump sum, while others distribute it in several equal portions that cannot be combined.
✅ Not only do offers expire, but so does the bonus itself after you've claimed it. You typically have between seven and 14 days from issuance to use the bonus before it is voided and removed from your account.
✅ Check to see if the welcome offer can be used in conjunction with any other available ongoing promotion the sportsbook is offering.
✅ A March Madness betting promo may have wagering requirements attached, meaning you'll have to wager the entire bonus amount several times — and at certain odds — before any winnings can be withdrawn.
Best March Madness promos by bettor type
March Madness draws in all kinds of sports bettors every year. We've analyzed and outlined what March Madness promos are best suited for what bettors, depending on their experience and preferences.
First-time bettors
If the March Madness is one of the few days of the sports calendar when you wager, then you may be overwhelmed by the amount of March Madness promos available for this year's NCAA men's basketball tournament. We'd suggest only claiming 'bet and get' welcome offers, as they are the easiest to understand, and usually just require a measly initial investment to qualify.
March Madness betting promo suggestion for first time bettors: FanDuel and DraftKings.
Casual bettors
Semi-regular sports bettors can rely upon their wagering experience to branch out and claim a wider variety of March Madness betting promos. If you bet casually, and have a decent understanding of the different bonuses available, then we'd suggest claiming tournament-specific odds boosts — which allow you to get a better payout on your wager — and square bets for a bit of added excitement.
March Madness betting promo suggestion for casual bettors: Caesars Sportsbook and bet365.
Sharp bettors
Serious sports bettors know the extra value that great March Madness betting bonuses can add to their bankroll. These sharks have seen and claimed all sorts of sportsbook promos, from 'bet and get' to 'deposit matches' and more. For these bettors, we'd strongly suggest targeting operators offering 'second-chance' bonuses, as this bet type allows you to wager confidently, knowing you'll get the full amount back as a bonus if it loses. We'd also recommend securing any profit boost tokens you can find, as these can boost your March Madness bet by a few points, which can mean thousands in extra winnings if successful.
March Madness betting promo suggestion for sharp bettors: BetMGM and Fanatics Sportsbook.
Common March Madness promo traps to avoid
Every March Madness promo has unique terms and conditions, so you’d be wise to dig into the details before jumping in — skip that step, and you might kiss your reward goodbye. Covers does offer free March Madness contests you can take advantage of.
We’ve pinpointed the critical missteps to dodge when claiming these sports betting sites bonuses.
Allowing promos to expire Not satisfying wagering requirements Missing minimum odds requirements Wagering on ineligible markets Not maximizing value Alternative March Madness promos
Even if traditional sportsbooks aren’t legal in your state, you can still grab valuable March Madness betting promos through the best prediction market apps — including entry to the Kalshi Billion Dollar Bracket — social sportsbooks, and daily fantasy sports (DFS) platforms. You can score welcome and trading bonuses, deposit matches, and boosted tournament prize pools throughout the 2026 NCAA Tournament.
Best March Madness promos for trading event predictions
Check out our top prediction markets March Madness betting promos:
1. Kalshi - Bets alternative March Madness promo
To put it simply: Kalshi is the best prediction betting sites in 2026. No betting site does big events like Kalshi, which is great news for March Madness bettors. You can secure real-time odds for every match of the tournament, in addition to a $10 bonus that you can secure easily by registering with the Kalshi promo code 'COVERS'.
2. Crypto.com - Best crypto-focused March Madness promos
Crypto.com delivers a unique edge as a crypto-powered prediction betting platform. You can buy, sell, and trade NCAA tournament contracts before and during every match with over 350 virtual currencies, including Bitcoin, Dogecoin, and Ethereum. You can score a $50 welcome bonus for March Madness by registering with our exclusive Crypto.com referral code.
Why trust Covers' March Madness betting reviews?
Covers is a leading expert in the sports betting industry, with three decades of experience establishing authority in the fields of sports betting odds, lines, picks, and news.
The March Madness betting sites and bonuses that we've recommended here have been personally reviewed, meticulously curated, and regularly updated by our team of experts. For more about the analysts who review each sportsbook, meet the experts behind our ratings →
News outlets look to Covers due to our deserved reputation as a trusted and authoritative source of sports betting information. Here are some of the numerous notable publications and media outlets that have referenced Covers.com and our industry experts:
March Madness betting promos FAQ
BetMGM offers the best March Madness bonus in 2026, allowing new users to score a '$1,500 First Bet Offer' by signing up with our exclusive promo code 'COVERS'.
Wagering on the 2026 March Madness tournament is easy. Simply create an account with one of the sportsbooks listed above, claim its welcome bonus, then use the money you receive to wager on available March Madness betting markets. You can bet on individual games or place futures on the outcome of the tournament.
You can bet on the 2026 March Madness tournament through the best legal online sportsbooks and apps available in 2026, including BetMGM, FanDuel, DraftKings, and more.
Yes, the majority of March Madness bonuses expire between seven and 30 days after landing in your sportsbook account. It's crucial that you read the terms and conditions attached to any welcome bonus before you claim it, as this is where you'll find these important details.
Several of the best March Madness betting promos require a Covers-exclusive bonus code to claim. If you don't input our code when prompted during registration, then you cannot claim the welcome offer.
