The 7 Best March Madness Betting Promos 2023: Get $2,000+ in Bonuses

The best March Madness betting promos for you to take advantage of when placing your college basketball wagers in March.

Ladies and gentlemen, March Madness is upon us. After weeks of battling it out for places on the big stage, the biggest tournament in college sports will commence on Tuesday, March 14.

Every year, excitement builds as brackets are filled, teams are analyzed, and money is wagered.

But not much compares to betting on the games. Full slates of fixtures to enjoy throughout the month means plenty of betting action.

So, to help you out this month, we have compiled a list of the 7 best March Madness betting promos for you to get your hands on.

Best March Madness Betting Offers 2023

Sportsbook	March Madness Promo	Promo Code
#1 FanDuel	Bet $20, Get $200	No Code – CLAIM HERE
#2 bet365	Bet $1, Get $365	No Code – CLAIM HERE
#3 DraftKings	Bet $1, Get $150	No Code – CLAIM HERE
#4 BetMGM	$1,000 Insurance	AMERICANBET – CLAIM HERE
#5 Caesars	$1,250 Insurance	EXPERTVIPFULL – CLAIM HERE
#6 SI Sportsbook	Bet $20, Get $100	No Code – CLAIM HERE
#7 BetRivers	$500 Second Chance	No Code – CLAIM HERE

Now, let’s dive in to each March Madness betting offer. All bonuses are for new customers only.

FanDuel March Madness Betting Promo

Available In: AZ/CO/CT/IL/IN/IA/KS/LA/MD/MA/MI/NJ/NY/OH/PA/TN/WV/WY

One thing synonymous with March Madness is the number of upsets that take place every year. Who remembers St. Peter’s in 2022?

Well, luckily for us college basketball bettors, the FanDuel March Madness promo is well suited to a month full of upsets. Place your first sports bet at FanDuel today and you will receive 10x its value in Bonus Bets. No matter if your bet wins or loses!

How to Join:

1. Head over to FanDuel by clicking here and hit ‘Join Now’
2. Deposit $10 or more and place a sports bet
3. Regardless of whether your wager wins or loses, FanDuel will give you Bonus Bets worth 10x your stake, up to $200!

So, if you want to maximize the FanDuel March Madness bonus, bet $20 for $200 in Bonus Bets. There is no FanDuel March Madness promo code required to claim your bonus – claim it here.

bet365 March Madness Betting Promo

Available In: CO/NJ/OH/VA

The bet365 March Madness bonus is actually the best-value offering in our list of the 7 top March Madness betting promos. The one downfall to this one is that it is only available in four U.S. states – Colorado, New Jersey, Ohio and Virginia.

As a new customer, bet just $1 and you will receive $365 in Bonus Bets. It doesn’t matter if your first wager wins or loses, you’ll get the $365 regardless!

How the Offer Works:

1. Sign up to bet365 Sportsbook here
2. Make your first deposit, place a $1 bet and wait for your bet to settle
3. $365 in Bonus Bets will be added to your account – to use them, just hit ‘Apply Bonus Bets’ in your betslip!

This is as closes as you’ll get to a March Madness no deposit bonus, as you are risking just $1 to get $365 in return. Happy days.

There is no bet365 March Madness promo code required to claim this bonus. All you need to do is register your new account here.

DraftKings March Madness Betting Promo

Available In: AZ/CO/CT/IL/IN/IA/KS/LA/MD/MA/MI/NH/NJ/NY/OH/PA/TN/VA/WV/WY

In at number 3, we’ve got a sportsbook that has expanded across the States. DraftKings Sportsbook can be accessed in more than 20 states.

Once again, talk about value! The DraftKings March Madness offer will pay out $150 if your college basketball bet wins. And you only need to wager $5 to get it.

How to Claim:

1. Sign up to DraftKings Sportsbook here
2. Once signed up, deposit and bet just $5 on any college team pre-game
3. If your chosen bet wins, you’ll win $150 in Bonus Bets!

This March Madness betting promo isn’t immune to upsets. However, you could choose a top-seed college to win a game in which they are regular odds of -500. With this promo, you’re actually getting them at +3000 to win their game.

There is no DraftKings March Madness promo code needed to get your $150 in Bonus Bets. Just sign up today here.

BetMGM March Madness Betting Promo

Available In: AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/MS/NV/NJ/NY/OH/PA/TN/VA/DC/WV/WY

Fourth-best of our March Madness betting promos for 2023 is not the best bonus offer out there. However, the BetMGM Sportsbook is one of the easiest to use and has a great website and mobile app. We would highly recommend giving it a try.

But what about the MGM March Madness promo? Well, it definitely isn’t worth passing up. All new users at BetMGM will receive their first wager back in the form of Bet Credits if it loses, up to $1,000.

How to Sign Up:

1. Visit the BetMGM Sportsbook landing page here and hit ‘Register’
2. Register your new account and make your first deposit
3. Place your first sports wager – if it loses, you’ll be refunded your wager in the form of Bet Credits up to $1,000!

In other words, deposit and bet $50 on the Kansas Jayhawks. If they let you down, you will receive your $50 back as a bonus. Or, bet $1,000 to unlock the maximum BetMGM March Madness bonus of $1,000.

During registration, use BetMGM March Madness promo code AMERICANBET. Or, just click here to automatically apply it to your registration.

Caesars March Madness Betting Promo

Available In: AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/NY/OH/PA/TN/VA/WV/WY

Why not “Go Full Caesar” this March Madness and claim one of the best March Madness betting promos worth an incredible $1,250?

If your first sports bet at Caesars doesn’t win, you will receive your stake back in Bet Credits. Up to $1,250 can be refunded. Not only that, but Caesars will also throw in 1,000 Reward Credits and 1,000 Tier Credits for the Caesars Rewards Program. Anyone with a Caesars Sportsbook account will be able to build up a bank of reward points.

How to Get the Caesars March Madness Betting Promo:

1. Head over to Caesars Sportsbook and choose your state here
2. Complete online account registration and place your first wager
3. If your bet loses, you will receive your stake back as a Bet Credit up to $1,250
4. You will also get 1,000 Reward Credits and 1,000 Tier Credits for signing up!

Let’s use the Kansas Jayhawks example once again. Bet $1,250 on Kansas moneyline. If they fail to win, at least you’ll get your $1,250 back. Oh, and plenty of reward credits too.

The Caesars March Madness promo code EXPERTVIPFULL will also be added to your registration page automatically if you click here.

SI Sportsbook March Madness Betting Promo

Available In: CO/MI/VA

The SI welcome bonus would be a lot higher on our list of the best March Madness betting promos if it was available in more states. Unfortunately, this one is only applicable to those in Colorado, Michigan and Virginia.

Join SI Sportsbook and bet $20 or more on any college basketball team. If your bet wins, you will get $100 in Free Bets. That means you can choose any team to win at +400 odds!

How to Get Your Bonus:

SI has done the decent thing and explained exactly how to claim the bonus above. The SI Sportsbook March Madness betting promo has to be included, it’s truly awesome. Get it right here!

BetRivers March Madness Betting Promo

Available In: AZ/CO/IL/IN/IA/LA/MD/MI/NJ/NY/OH/PA/WV

Finally on our list of best March Madness betting promos 2023 has to offer, but by no means a bad promo, is at BetRivers.

Similar to a few of the bonuses on this list, BetRivers will give you a second chance if your first bet loses. This time, your insurance is up to $500.

How to Claim:

1. Create your new BetRivers account by visiting here
2. Once registered, make your first deposit
3. Place a sports bet and get your stake back as a bonus if it loses, up to $500!

There is no BetRivers March Madness promo code needed. Just your details to confirm that you are over 21 and present in a state where BetRivers is legal.