March Madness Betting Promos: Get $7.1K+ in Bonuses for May 2025
Top March Madness betting promos
2 days
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- BetMGM Benefits
- User-friendly mobile app
- Over a dozen deposit options
- Offers same-game parlays
- BetMGM Bonus Review
Within 24 hours
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- Caesars Benefits
- Best customer support
- Top-tier rewards program
- Highly trusted legacy brand
- Caesars Review
Within 24 hours
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- bet365 Benefits
- Best prices
- Gold standard layout
- World-class live betting
- bet365 Review
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- FanDuel Benefits
- Best user experience
- World-class mobile app
- Best for live betting
- FanDuel Review
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- Fanatics Sportsbook Benefits
- Flexible FanCash Rewards
- Unique promotions
- Improved app performance
- Fanatics Sportsbook Review
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- DraftKings Benefits
- Best mobile app
- Supreme navigation
- Best for grading winners
- DraftKings Review
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- BetRivers Benefits
- Weekly promotions
- Over 20 sports available
- NFL live streaming
- BetRivers Review
Best March Madness betting promos and bonuses
The premier March Madness betting sites showcase a plethora of boosted odds, novelty markets, and lucrative promotions to keep hoop fanatics engaged. Size up the best March Madness betting promos and bonuses that are available right now:
Top March Madness promo codes and bonuses
| March Madness Betting Apps 🏆 | Best March Madness Betting Promos 💰 | Promo code ✅ |
|---|---|---|
| ⭐ BetMGM |
CVRBONUS1500 |
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| ⭐ Caesars Sportsbook |
COVERSBONUSDYW |
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| ⭐ bet365 |
COVERS CVSBONUS (CO, IL, NJ, PA, TN only) |
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| ⭐ FanDuel |
Claim $200 without code |
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| ⭐ Fanatics Sportsbook |
Claim $1,000 without code |
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| ⭐ DraftKings | Bet $5, Get $150 + $1K Deposit Bonus |
Claim $1,150 without code |
| ⭐ BetRivers |
COVERSBONUS |
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| ⭐ Hard Rock Bet |
Claim $100 without code |
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| ⭐ Borgata | COVERSBORGATA | |
| ⭐ ESPN BET | Claim $600 without code |
March Madness sportsbook promos explained
With the sports calendar in a relative lull after the Super Bowl, the best sports betting apps in the U.S. push all their chips in the middle with NCAA basketball. The sheer pandemonium on the court guarantees a memorable betting experience.
We've outlined the top six new-user March Madness sportsbook promos for 2025 to give you a full snapshot of what's available for next year's NCAA tournament:
1. BetMGM March Madness promo
$1,500 First Bet Offer
Bonus bets expire in 7 days. One new customer offer per user. Additional terms apply. 21+. Gambling Problem? Call 1-800-GAMBLER. CVRBONUS1500
Our pick for the best overall basketball betting site — BetMGM always has elite March Madness betting promos. New bettors can activate up to a $1,500 first bet offer using BetMGM bonus code 'CVRBONUS1500' and find their Cinderella Story.
Who is this BetMGM promo for?
Covers Expert AnalysisCovers BetSmart rating
Player reviews
“BetMGM is one of the best sportsbooks and sportsbook apps. The app is miles better than it was a year ago as far as performance goes. It has very competitive odds, a great variety of wagers, and very quick payouts. Deposits and withdrawals are painless, as there is no hassle like you get from other sportsbooks.”
"It is fun and easy to use and understand. There are great promotions, and great range of betting options on NBA players for points, rebounds, and assists. Stat's have each teams record of wins and losses right next to the betting lines, which gives me an ideal way to look at each bet, who to bet on, saving me time doing research."
Terms and conditions
- Punch in the BetMGM Sportsbook bonus code 'CVRBONUS1550' to snag the deal.
- Drop a minimum $10 first deposit and bet real cash on any market you like.
- If your initial wager is unsuccessful, you'll receive your entire stake back, up to $1,500, in bonus bets.
- Should you wager over $50, the reward will arrive as five bonus bets. Each bet will be worth 20% of your qualifying wager.
- Bet under $50? You’ll get one bonus bet matching your wager amount.
- All bonus bets will expire seven days after issuance if unused.
- This offer is valid until April 8, 2025, at 11:59 p.m. ET.
- BetMGM Sportsbook does not return your stake when using bonus bets, so that will not be part of your winnings.
App Store rating
Google Play rating
2. Caesars Sportsbook March Madness promo
Double Your Winnings (10x)
New customers only. Must register using eligible promo code. Place a wager of at least $1 and you'll get 10x 100% profit boosts, up to $2,500 each, win or lose. Void where prohibited. See Caesars.com/promos for full terms. COVERSBONUSDYW
Caesars Sportsbook is a top pick for March Madness betting thanks to its generous welcome bonuses, daily odds boosts, and a killer rewards program. New users can register via the Caesars Sportsbook promo code 'COVERSBONUSDYW' to access 10 100% profit boosts. With the potential to earn up to $25,000, Caesars flaunts one of the most unique basketball betting promos in the U.S.
Who is this Caesars promo for?
Covers Expert Analysis
Covers BetSmart Rating
Player reviews
“I am learning how to bet quickly and responsibly with the Caesars Sportsbook app. There is a huge amount of help throughout the app. I am having fun placing bets and learning. I enjoy using the 'CASH OUT' button when I get a good bet. Thank you!”
"I had an initial hurdle with signing up and getting age verified, it took longer than my other sportsbooks. Eventually I had to deal with support, they did a great job though and I'm finally able to log-in and deposit funds. The app looks great, I like the layout, which is simple and fast."
Terms and conditions
- Sign up using the Caesars Sportsbook promo code 'COVERSBONUSDYW' to get in on the action.
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Make a $10 minimum deposit and place a $1 real money wager.
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Win or lose, you’ll score 10x 100% profit boosts, each capping at $2,500. The max wager is $25 per token and can only be used on markets with -10,000 odd or better.'
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Bonus bet winnings don’t include the stake — just the profit hits your account.
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Each token — which is valid for 14 days — is a one-shot deal, meaning you cannot stack with tokens or any other Caesars promo.
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This Covers-verified offer runs through April 15, 2025.
Additional info
3. bet365 March Madness promo
Choose: $150 Win or Lose or $1,000 Bonus
Bonus Bet amounts not returned with winnings. Minimum deposit required. Must register with the app only. T&Cs, time limits, and exclusions apply. 21+. Gambling Problem? Call or Text 1-800-GAMBLER 1-800-BETS-OFF (IA), 1-800-GAMBLER (AZ/CO/IN/IL/LA/NC/NJ/OH/PA/TN/VA) 21+, (KY) 18+ COVERS
bet365 is a fan favorite, and for good reason — you can easily snag some of the best March Madness promos and odds boosts. New customers have a choice between a bet $5, get $100 in bonus bets promotion or a $1,000 First Bet Safety Net. Whatever option you choose, just be sure to enter the bet365 bonus code 'COVERS' or 'CVSBONUS' to qualify.
Who is this bet365 promo for?
Covers Expert Analysis.jpg?w=40&auto=compress&auto=format)
Covers BetSmart Rating
Player reviews
"The bet365 app is very easy to navigate, and placing bets is as easy as can be. It offers tons of wager options and is extremely easy to use any bet credits you have, but it’s just such a visually boring app.”
“bet365 is one of the best sportsbooks available, without question. What makes the bet365 app among the finest: Prompt payouts, fair odds, decent promotions, a plethora of wagering options, and cash-out early features that exceed what most of the competition is offering.”
Terms and conditions
- During registration, enter the bet365 bonus code 'COVERS' or 'CVSBONUS' if in Colorado, New Jersey, or Pennsylvania.
- Make a minimum first deposit of $10 to trigger the sign-up bonus.
- Place a qualifying wager of $5 or more within 30 days of registration to receive $100 in bonus bets — win or lose.
- Your qualifying bet must contain odds of -500 or greater.
- Pennsylvania bettors will also receive 50 free casino spins.
- You must use the bonus within seven days of receipt.
- The March Madness promo is valid until April 8, 2025, at 6:59 a.m. ET.
4. FanDuel March Madness promo
Bet $5, Win $200
New customers only. Deposit min. $5. Place first bet of min $5 and get $200 in bonus bets if your bet wins. FanDuel Sportsbook is a staple of the best March Madness betting promos, boasting a simple yet effective new-user offer — a bet $5, win $250 in bonus bets reward. No FanDuel promo code is required to activate the bonus.
Who is this FanDuel promo for?
Covers Expert AnalysisCovers BetSmart Rating
Player reviews
“Best sportsbook app in the game. Loads fast as lightning, painless login, and a clean interface.”
“I've tried a few sports betting apps, and the FanDuel Sportsbook is by far the most user-friendly and easier to navigate than others. They almost always have good promotions with every sport, especially during the playoffs.”
Terms and conditions
- Downloading the FanDuel Sportsbook app is required to access the bonus.
- After registering your new account, make an initial deposit of at least $5.
- Place an initial wager of $5 or more on any sports market.
- If your wager wins, you'll receive $250 in the form of bonus bets.
- The reward will land within 72 hours of placing your first bet.
- Bonus bets expire after seven days if unused.
- You will have until April 30, 2025, to claim the promo.
- Keep in mind that wagers using bonus bets will not return the stake.
5. Fanatics Sportsbook March Madness promo
$1,000 in No Sweat Bets
New customers only. Deposit min. $5. Choice of three offers. Daily bonus issued within 72 hours. Fanatics Sportsbooks offers a promotion that can span multiple rounds of the March Madness Tournament. After signing up with a Fanatics Sportsbook promo code, you kick off a 10-day stretch where Fanatics refunds your first losing bet each day, up to $100. This stretch could net you $1,000 total, blending flexibility with a hefty max payout.
Who is this Fanatics promo for?
Covers Expert AnalysisCovers BetSmart Rating
Player reviews
"I really enjoy everything Fanatics Sportsbook has to offer! I really like how you get Fanatics rewards faster than DraftKings too! I would highly recommend."
"It is very quick page loading and very easy to navigate. It offers generous promotions that are easy to understand, along with opportunities to make FanCash with nearly every bet."
Terms and conditions
- After you register, make a first deposit of at least $10.
- Place a minimum wager of at least $1 daily for your first 10 days on any sports market with odds of -500 or greater.
- Fanatics credits back your losing bet each day, up to $100.
- Bet the full $100 daily for 10 days and lose to snag the promotion's full value.
- Bonus hits your account within 72 hours after your losing wager settles.
- Bonus bets are valid for seven days.
- The offer is live until May 31, 2025, at 11:59 p.m. ET.
6. DraftKings March Madness promo
Bet $5, Get $200 Instantly
New customers only. Deposit min. $5. Place first bet of min. $5 and get $200 in bonus bets. DraftKings — the self-proclaimed "Home of Player Props" — is a must-have sportsbook not only for those chasing the top prop bets for the 2025 tournament, but also for those seeking the best March Madness promos. Eager bettors can activate one of the few guaranteed welcome offers that rewards $150 in bonus bets from a modest $5 wager — no DraftKings promo code necessary. With six $25 bonus bets, you have supreme flexibility to wager on the Final Four.
Who is this DraftKings promo for?
Covers Expert AnalysisCovers BetSmart Rating
Player reviews
“I have an account with DraftKings, and it's been a great experience being able to have access to this kind of opportunity to bet and win from your home.”
“The app itself is relatively slow. The profit boosts are nice and unlike anything I’ve ever seen on any other app or site. So that’s a plus. The lag on placing bets is a bit annoying, but it’s understandable. The UI is nice, and the social hub is a huge plus and extremely underrated.”
Terms and conditions
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Register, deposit, and place a $5+ qualifying wager.
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Win or lose, you will instantly receive a welcome bonus of $150, delivered as six $25 bonus bets.
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Keep winnings if your initial bet is successful.
- Bonus bets expire within seven days.
- Your stake is not included in winnings if you're betting with the March Madness promo.
- The DraftKings Sportsbook promo is valid until April 13, 2025, at 11:59 p.m. ET.
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An optional $1,000 deposit match is available, but it carries strict terms.
Full terms: dkng.co/ftball. Offer expires on March 16, 2025, at 11:59 p.m. ET.
GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD).[1.5%] 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. Terms: draftkings.com/sportsbook. On behalf of Boot Hill Casino & Resort (KS).
How do March Madness sportsbook promotions work?
Now that you have a solid grasp of the top March Madness sports betting promos, it's time to shoot your shot. Here's how to claim March Madness promos and use the best basketball promos efficiently:
Register
Start by creating an account. Pick your favorite March Madness sportsbook(s) from this guide’s links to land on the sign-up page. You’ll need to provide basics like your full name, date of birth, social insurance number (SSN), and address.
Deposit
No funds, no fun — no bets can be placed without cash in your account. Hit the Deposit' or 'Cashier' button, choose your payment method (check our payout guide on the best sportsbook for payouts if needed), and decide how much to load into your account.
Bet
Ready to wager on March Madness markets or beyond? Browse the betting menu, pick your play, enter your stake, and confirm — it’ll jump right onto your bet slip. Popular options include wagering on the Championship game, March Madness props, and novelty bets.
If you ever need some inspiration before placing a bet, be sure to consult our 2025 March Madness predictions and picks.
Withdraw
Score some winnings? You can cash out anytime via the 'Cashier' section. Note: Bonus bets aren’t real cash, so keep dribbling through the playthrough requirement to release them fully.
Latest March Madness betting news
March Madness betting and bonuses summary
| 🏀 NCAAB Men's Tournament start | March 17, 2026 |
| 🕓 NCAAB Championship date | April 6, 2026 |
| 🏟️ NCAAB Championship locale | Lucas Oil Stadium, Indianapolis, IN |
| 📈 March Madness betting favorite | Duke Blue Devils |
| 🏆 Defending NCAAB champ | Florida Gators |
| 💰 Best March Madness bonus | BetMGM |
| ⭐ Most March Madness promos | FanDuel |
| 🎰 March Madness bet types | Moneyline, point spread, Over/Under (totals), props |
Where can I watch March Madness?
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CBS: Airs early rounds and the Final Four, available with cable/satellite.
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TBS: Broadcasts the National Championship and other games, available with cable/satellite.
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TNT: Shares tournament coverage, available with cable/satellite.
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truTV: Covers additional games, available with cable/satellite.
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NCAA March Madness Live: Streams all 67 games, free with TV provider login or offers a 3-hour ad-supported preview.
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Paramount+: Streams CBS games live with a subscription.
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Max with B/R Sports: Covers TBS, TNT, and truTV games with a subscription.
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DirecTV Stream: Includes all four channels with a subscription.
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Hulu + Live TV: Offers CBS, TBS, TNT, and truTV with a subscription.
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YouTube TV: Provides all channels with a subscription.
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Sling TV: Includes TBS, TNT, and truTV, but lacks CBS unless paired with another service.
Common March Madness promo terms and conditions
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.
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 March Madness promo codes and bonuses by state
Over 30 states with legal sports betting currently allow sports wagering — via online, mobile, or retail — on March Madness 2025.
Some states impose limits, like banning bets on in-state college teams or prohibiting player-specific prop bets. For example, states like New Jersey and Illinois have restrictions for betting on local college teams, though tournament exceptions might apply.
To learn more about sportsbook promotions from both new betting sites and legacy operators in your specific location, consult our state guides below:
Though there's no legal sports betting, users in Georgia and California can access some of the best social sportsbooks and activate multiple promotions, including the Underdog Fantasy promo code, Betr promo code, Novig promo code, ProphetX promo code, Kalshi promo code, and more.
Recent March Madness news
Stay up-to-date with the latest news surrounding basketball's most popular tournament:
April 5, 2025: Bettors are riding Duke and Florida to cover the spreads in their Final Four matchups.
April 3, 2025: New Yorkers feast on the March Madness favorites, forcing the local operators to just a $8.4 million hold on a $522.4 million handle during the week ending on March 30.
March 28, 2025: New York earns a 3% yearly handle increase during the first week of March Madness.
March 27, 2025: March Madness bettors are backing moneyline underdogs in the Sweet 16.
March 24, 2025: Kalshi surpasses $200 million in March Madness contracts throughout the first two rounds of the NCAA men's basketball tournament.
March 24, 2025: The lack of upsets has led to success for moneyline parlays through the first two rounds of the March Madness tournament.
March 21, 2025: March Madness 2025 drives a Vegas Strip tourism boom during the tournament's first weekend.
March 21, 2025: Sportsbooks take a hit in round one after "the most bet-on underdog" Drake upsets Missouri, who was favored by -11.5 points.
March 20, 2025: Nevada bettor puts $100K on the ACC champion Duke Blue Devils to win the March Madness Tournament.
March 19, 2025: Caesars Sportsbook boasts new promotions and enhanced prop markets for March Madness.
March 19, 2025: BetMGM unveils its 'March Matchups' promotion for March Madness with interactive contests and greater betting options.
March 19, 2025: As March Madness begins, the NCAA launched an anti-harassment campaign targeting failed sports bettors, telling them, 'Don't Be a Loser', as part of the 'Draw the Line' campaign.
March 18, 2025: New Jersey's college sports betting ban on in-state events may cause a March Madness hassle as Sweet 16 and Elite 8 games will be held in the Garden State.
March 18, 2025: Missouri faces its final March Madness without legal sportsbooks, as legalization later this year will allow Show Me State bettors to wager on the 2026 NCAA tournament.
March 18, 2025: Texas and the University of North Carolina are popular picks at sportsbooks for the March Madness First Four games.
March 17https://www.covers.com/industry/texas-in-first-four-capturing-bettors-march-madness-attention-march-18-2025, 2025: The ban that prohibits wagering on in-state college teams for the 2025 March Madness tournament remains in effect for Illinois, New York, and Virginia.
March 17, 2025: A recently released survey from the University of Chicago revealed that 60% of Americans don't approve legalized college sports betting in 2025.
March 17, 2025: Popular trading platform Robinhood unveils prediction markets for March Madness, powered by Kalshi.
March 17, 2025: Sportsbooks expect March Madness action to 'pour in' on Duke. ESPN BET reports that since the bracket was revealed, Duke has seen 18% of the bets and 40% of the handle.
March 16, 2025: bet365 goes live in Illinois and launches in Tennessee ahead of March Madness.
March 14, 2025: FanDuel announces enhancements for March Madness, including letting customers combine their bracket picks across multiple rounds into a single parlay, for the first time in the tournament.
March 13, 2025: The American Gaming Association estimates that March Madness will take in over $3 billion in wagers during the tournament.
March 12, 2025: An NCAA director claims that college players betting on themselves is becoming more common.
March 4, 2025: Check out a state-by-state guide of where you can wager on March Madness.
March 3, 2025: The Ohio Gambling Telehealth Network (OGTN) will push gambling awareness during this year's March Madness NCAA tournament.
Feb. 24, 2025: Fresno State and the NCAA are reportedly investigating a potential gambling scandal involving multiple members of the school's men’s basketball team placing prop bets on themselves.
Jan. 22, 2025: Kalshi will launch sports betting-like event contracts in the near future, allowing bettors to wager on predictive markets ahead of the Super Bowl and March Madness 2025.
Oct. 11, 2024: NCAA pleads with fans to curb abusive behavior towards student-athletes on social media.
Oct. 8, 2024: A recent NCAA study highlights the harassment that college athletes face from angry online sports bettors.
Aug. 29, 2024: The momentum to ban college player prop betting slows down heading into the 2024 NCAAF season.
July 12, 2024: Wyoming regulators delay decision on NCAA's proposal to ban college player prop bets.
July 4, 2024: Kentucky regulators are still pondering the NCAA's request to ban college player prop betting in the state.
May 18, 2024: A recent NCAA study finds that female athletes face triple the threats compared to males.
May 9, 2024: The NCAA membership considers 'liberalized' approach to sports betting rule, loosening up their strict stance against student athletes and coaches placing wagers.
April 16, 2024: A New York regulator says the state is not budging on its college player prop betting ban.
Why trust Covers' March Madness betting reviews?
Covers has been omnipresent in the sports betting scene for 30 years, assembling a powerhouse crew of experts with decades of know-how, a mix of bold voices, and global insight. Every March Madness bonus we spotlight here? Handpicked, battle-tested, and vetted by our squad.
Big-name publications swear by Covers as the go-to for betting intel on legal sportsbooks and sharp takes. From top news outlets to media heavyweights, here’s a quick rundown of who’s been tapping Covers.com and our pros for the goods:
More March Madness betting resources
March Madness betting promos FAQ
In the end, the top March Madness betting bonus boils down to what you’re into, but we’re all about BetMGM’s hefty $1,500 max payout.
Score a March Madness bet by snagging one of the bonuses above and throwing it down on the tournament — just plug in your details, verify your spot, and you’re set to wager.
You can bet on March Madness through legal online sportsbooks — like BetMGM, Caesars Sportsbook, or FanDuel — or hit up a retail spot in your state.
Yes, the majority of March Madness bonuses expire between seven and 30 days after landing in your sportsbook account. We strongly recommend reading the relevant terms and conditions.
No, you don’t need a special March Madness promo code to bet on the tournament with any sportsbook — but to snag some of the deals above, you might have to punch in a code when you sign up.
Currently, the Duke Blue Devils are the favorite to win the 2026 March Madness National Championship.
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