March Madness Betting Promos & Bonuses for 2025

March Madness is one of the most exciting sporting events in the world, and online sportsbooks offer special betting bonuses worthy of the vaunted NCAA men’s and women’s tournaments.

With promos like bonus bets, parlay insurance, and other types of insurance unique to the tourney, these March Madness betting sites will have you on the edge of your seat as you track each college basketball game closely alongside your bracket.

Keep reading for more details on the top March Madness promos in 2025.

Bonus offer availability varies by location and changes frequently. Please consult each sportsbook directly to confirm the availability of the bonus offers featured on this page.

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Best March Madness Betting Promos for Final Four

Here’s a quick rundown of the best March Madness betting promos for the men’s and women’s tournaments, with links to the best March Madness betting sites to help you get started:

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March Madness Betting Promos Explained

March Madness betting promos have specific terms and conditions (T&Cs), and we always recommend you read the fine print before finalizing the picks in your bet slip. The availability of these bonuses differs based on where you’re betting from, but we’ll let you know where sports bettors can find each of these sportsbook promos.

DraftKings March Madness Promo: Bet $5, Get $150 in Bonus Bets Instantly

Eligible States: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming

Here’s a sportsbook bonus with some serious value. DraftKings Sportsbook is making betting on March Madness an absolute no-brainer with a Bet $5, Get $150 Instantly offer. Trust us, it’s really as simple as it sounds.

How to claim the DraftKings promo code:

• Follow the links in this section to reach the DraftKings Sportsbook signup page
• Sign up for a DraftKings Sportsbook account
• Deposit minimum of $5
• Place a $5 bet on any March Madness matchup and get $150 in bonus bets

FanDuel March Madness Promo: Bet $5, Get $150 in Bonus Bets If You Win

Eligible States: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming

As one of the biggest sportsbooks in the business, FanDuel Sportsbook does not play around when it comes to their March Madness promos. They have a March Madness promo that is as clear-cut and lucrative as you can find.

How it works:

• Follow the links in this section to set up your new account
• Complete signup form and make a deposit
• Make a $5 minimum deposit
• Place a $5 first wager on any March Madness game and get $150 in bonus bets if your first bet wins

BetMGM College Basketball Bonus Code: Bet $10, Get $150 in Bonus Bets If You Win (CO, MI, NJ, PA, WV only) / $1,500 First Bet Offer (All Other BetMGM States)

Eligible States: Arizona, Colorado, Indiana, Iowa, Illinois, Kansas, Kentucky, Louisiana, Maryland, Michigan, North Carolina, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Washington DC, Wyoming

The BetMGM sportsbook is certainly not be outdone by its competition when it comes to bringing an excellent college basketball promo to the table. The $1,500 first bet offer is as big and bold as it sounds. The Bet $10, Get $150 in Bonus Bets If You Win offer is only available until April 8, so act now!

How to claim our BetMGM promo code:

• Follow the links in this section to set up your account
• After registering, make your first deposit
• If your first bet up to $1,500 loses, BetMGM will pay you back in bonus bets

Bet365 March Madness Promo: Bet $5, Get $150 in Bonus Bets Guaranteed

Eligible States: Arizona, Colorado, Illinois, Indiana, Iowa, Kentucky, Louisiana, New Jersey, North Carolina, Ohio, Tennessee, Virginia

While they might not be available in quite as many states as other sports betting sites and apps on this list, the bet365 sportsbook is still bringing a great welcome offer to the table for March Madness.

How to claim our bet365 bonus code:

• Use the links in this section to reach the bet365 signup page
• Sign up for a bet365 account
• Deposit minimum of $5
• Place a $5 bet on any March Madness matchup and get $150 in bonus bets

You can also choose to use their First Bet Safety Net ($1,000 in Bonus Bets) sports betting promo for new customers if you prefer as well.

Fanatics Sportsbook College Basketball Promo: Bet $30, Get $300 in Bonus Bets

State Offer Breakdown: Bet $30, Get $300 in Bonus Bets OR Bet & Get $1,000 in No Sweat Bets (AZ, MI, NJ, PA) / Bet $50, Get $250 in Bonus Bets (CO, CT, IL, IN, LA, MA, MD, NC, OH, TN, VA, WV) / Bet $10, Get $20 in Bonus Bets (NY) / Bet & Get $1,000 in No Sweat Bets (All other states)

One of the newer online sports operators on the scene for the March Madness tournament, Fanatics Sportsbook will give you up to $1,000 as part of their sweet welcome bonus in all states but New York, and you can get a Bet $10, Get $100 in Bonus Bets offer in a handful of states, while in others you can do that three days in a row!

How to claim our Fanatics Sportsbook promo code:

• Make a $5 minimum deposit and place a between between $5 and $100 on odds of -200 or longer.
• Fanatics Sportsbook will match your first qualifying wager each day with bonus bets up to the $100 maximum for the first 10 days your account is active
• The maximum amount of matched bonus bets you can receive is $1,000 over 10 days

Caesars Sportsbook March Madness Promo: Bet $1, Double Your Winnings Your Next 10 Bets

Eligible States: Arizona, Colorado, D.C., Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming

Caesars Sportsbook is offering a new March Madness betting promo, as users in select states can get a Bet $1, Double Your Winnings Your Next 10 Bets offer.

How this Caesars Sportsbook promo code works:

• Hit the links in this section to access this offer
• This is a sign-up offer for new players only
• Caesars will give you 10 100% profit boosts after you make your first bet of $1 or more
• It will be paid out in bonus bet credit

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States Where You Can Bet On March Madness 2025

Not sure if you can bet on March Madness in your state? Don’t worry, we’ve got you covered with this list of states where you’re able to bet on the tournament and claim March Madness betting promos.

Current March Madness Odds

Once you’ve claimed the best March Madness sportsbook promos, you’ll have to put them to good use! You can follow all the latest March Madness betting odds right here on SBD, and make sure to consistently visit our sports betting news page to see our game and tournament previews.

We’re also tracking NCAA Tournament futures, covering all aspects of college basketball betting:

• Odds to win March Madness
• March Madness Final Four Odds

Where to Watch March Madness

Warner Bros. Discovery still owns the broadcast rights to the men’s NCAA Tournament, while ESPN owns rights to the women’s tournament.

So, to watch men’s games in the US, they’ll be available on CBS, TBS, TNT and TruTV, or on the Paramount+ streaming platform. Women’s games will be on ESPN’s family of networks, and ABC.

In Canada, TSN has the rights to both.

Here’s the schedule by round:

Men’s NCAA Tournament Broadcast Schedule

• Selection Sunday: 6:00 pm ET, March 16 on CBS
• First Four: March 18-19
• First round: March 20-21
• Second round: March 22-23
• Sweet 16: March 27-28
• Elite Eight: March 29-30
• Final Four: 6:09 pm and 8:49 pm, April 5 on CBS
• NCAA championship game: 8:50 pm ET, April 7 on CBS

Women’s NCAA Tournament Broadcast Schedule

• Selection Sunday: 8:00 pm ET, March 16 on ESPN
• First Four: March 19-20
• First round: March 21-22
• Second round: March 23-24
• Sweet 16: March 28-29
• Elite Eight: March 30-31
• Final Four: 7:00 pm and 9:30 pm ET, April 4 on ESPN
• NCAA championship game: 3:00 pm ET, April 6 on ABC

Betting Advice When Using March Madness Betting Promos

We here at SBD pride ourselves on giving you the best sports betting advice. Not only can you check out our aforementioned previews, but we also have a ton of March Madness betting guides to help with everything from your bracket to betting on March Madness games.

• Picking March Madness Champions
• Sweet 16 & Elite 8 Trends
• Final Four Trends to Look For
• First Round March Madness Trends
• How to Spot a March Madness Upset

There’s also some general advice to follow when using your promos. If you’re using a No Sweat bonus, which gives you bonus bets if your first bet loses, you might want to look at longer moneyline odds, or pick that major underdog to pull off the upset. Bonus bets aren’t real money, so make sure you’re not betting more than you’re willing to lose, but No Sweat or First Bet bonuses, like you can get with our BetMGM bonus code, do give you a bit of insurance.

With a Bet & Get promo, you’ll want to be a bit more selective, especially if your bet needs to win to get your bonus, as it does with our FanDuel promo code. That’s where you might want to take the 1 to beat the 16, and essentially guarantee your bonus (unless Purdue is involved). Even when the Bet & Get doesn’t require a win to receive your bonus, you’re better off picking a winner, as you’ll get those winnings along with your bonus.

You will also want to keep an eye out for odds boosts and profit boost tokens that the best college basketball betting sites will be offering, as they can increase your payout on daily bets.

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March Madness Betting Promos FAQ

Got more questions about March Madness betting promos? We’ve got you covered

What is the best March Madness betting promo for 2025?

The best March Madness betting promos for 2025 are offered by DraftKings, FanDuel, and BetMGM.

Do all March Madness promos require a promo code?

No, not every March Madness promo requires a promo code to be unlocked. Simply use the links on this page for instant access.

When do March Madness sportsbook promos expire?

The expiry date of March Madness sportsbook promos varies based on the sports betting brand. Make sure to read over offer details as different T&Cs apply to each.