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FanDuel Sportsbook March Madness Promo a Bet $5, Win $150 Offer for New Sports Bettors

FanDuel sportsbook is shooting its shot, tempting prospective customers with a bet $5, win $150 March Madness promo.

Last Updated: Apr 4, 2022 11:19 AM ET Read Time: 3 min
Ushers wait for fans to file into the venue before the UCLA vs. Abilene Christian NCAA men s basketball tournament game Monday, March 22, 2021 at Bankers Life Fieldhouse in Indianapolis, Indiana. Indy Hoops Feature

Unlike the chaotic nature of the Big Dance, the FanDuel March Madness promo offers prospective bettors a sure-fire way to add $150 in site credit to their bankrolls. There's still plenty of time to get in on the action with the National Championship Game tipping off tonight, April 4, 2022.

Read on to learn how to claim the $150 bonus by placing a $5 qualifying bet (30-1 odds) — win or lose.

How to claim $150 in site credit from FanDuel Sportsbook

Sports bettors new to FanDuel can claim the FanDuel March Madness promo here. Make sure you download the FanDuel mobile app, as it’s the only way to secure the offer. Once you’ve signed up for a sportsbook account (can be done on desktop or mobile) and put down your first deposit, you’ll be ready to place your qualifying bet.

Here are all the details concerning FanDuel’s March Madness offer for new customers:

  • The FanDuel March Madness promo will run until the National Championship game tips off on Monday, April 4, 2022.

  • Every first-time FanDuel customer is eligible for the $150 bonus in site credit so long as they live in a state where the sportsbook is legal. There is no FanDuel promo code required to claim this offer.

  • After making your initial deposit of at least $10, place your $5 qualifying wager on any March Madness tournament game. Regardless of whether your bet wins or loses, FanDuel will reward you with $150 in site credit.

  • The $150 in site credit will appear in your sportsbook account within 72 hours of your bet settling, win or lose.

  • FanDuel’s March Madness promo will expire in 14 days if not used and must be wagered before it can be withdrawn as cash.

It’s always worth any bettor’s time to do their due diligence before committing to a sportsbook long-term. You can read our in-depth FanDuel review here before jumping in.


What is site credit?

Site credit is a form of currency given often out by sportsbooks as welcome bonuses. It is non-transferable and cannot be withdrawn as real cash. The key characteristic of site credit is that it’s malleable, meaning it can be broken up and used on multiple bets.

For example, if you are provided with $100 in site credit, that means you could decide to place five $20 wagers. Or you could place two $50 wagers.

As with all other forms of bonus funds, site credit comes with varying terms and conditions attached, so make sure you’re aware of them all before making your first bet.

You can become informed on all types of welcome offers by checking out our guide on the most common sportsbook sign-up bonuses.

Which states have access to the FanDuel March Madness promo?

FanDuel is presently live in 15 states. If you are at least 21 years of age and located in one of these regions, you’ll be eligible for the sportsbook's March Madness promo. Here is where the operator is authorized and regulated:

*Do not permit betting on in-state collegiate teams

Other March Madness sportsbook bonuses

As of our latest update, FanDuel’s March Madness promo is one of three sign-up bonuses being offered by sportsbooks specifically for the Big Dance. PointsBet and BetMGM — two of the best March Madness betting sites — have both set their offers live, and we like both promos slightly better than FanDuel's current bonus. 

Still, FanDuel stands tall as one of the most popular U.S. betting sites out there, and despite competition from other sportsbooks, it’s likely to remain top of mind for most new sports bettors.

Here’s where we’ll showcase the best March Madness bonus offers available for first-time bettors. Keep this page bookmarked for consistent updates:


Up to $2,100 in risk-free and free bets

No code required


Bet $10, win $200 in free bets

No code required


Bet $5, Win $150 in site credit

No code required


Bet $5, win $200 in free bets

No code required

When does March Madness start?

So, when does March Madness start? It already has! We are through the Final Four now, which finished on April 2, 2022. If your bracket isn't completely busted yet — you can download your own printable NCAA bracket here — you'll be in good shape for the National Championship Game, which goes down tonight, April 4, 2022. 

With college basketball's biggest event finally here, it’s the perfect time to capitalize on the offers being dished out by sportsbooks. If you’ve been considering dipping your toes into the waters of sports betting, the FanDuel March Madness promo is a good place to start.

Again, you can click here to register and claim the bonus now — no promo code needed.

FanDuel March Madness FAQs

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