Below, we go through some of the best March Madness betting promos from some of the industry’s biggest sportsbooks such as Caesars, BetMGM and more. 

Best 2024 March Madness Bonus Offers: Top NCAA Tournament Sports Betting Bonuses

Best March Madness Betting Apps & Sites 2024

The multi-week event that crowns the eventual champion of college basketball is a wildly popular one for sports bettors and online sportsbooks alike.

It can also be a profitable time for new bettors before they even place a wager, as March Madness betting apps are offering plenty of NCAA Tournament bonuses to lure new players:

Each of the top March Madness betting apps have a generous welcome bonuses for new bettors.  Below, we are breaking down each one and detailing their bonus offers, promotions and more. 

March Madness Sports Betting Apps 2024: BetMGM, Caesars, DraftKings and more

All of the top March Madness betting apps are complete with odds to win the national championship, Final Four odds, college basketball player props and more in addition to the generous NCAA Tournament welcome bonuses. 

1. Caesars Sportsbook March Madness promo code PLAYS1000 offers $1,000

Caesars is another one of the industry’s biggest names and thanks to its ongoing promotions and marketing star-power, it remains popular in each state where it operates. 

Caesars Sportsbook promo code PLAYS1000 for March Madness unlocks a huge $1,000 first-bet bonus for all new customers ahead of the NCAA Tournament. 

• Click our Caesars promo links and register for an account.
• Make your first deposit and place your first bet on the sport/game of your choice
• If you fall short, Caesars is going to match any losses up to $1,000 and pay you back with bonus bets.

Bonus bets are added to your account within 48 hours and any bets earned from the Caesars March Madness promo remain eligible for 14 days once added to your account.

2. BetMGM bonus code PLAYSPORT for March Madness: Up to $1,500 welcome offer

BetMGM is undoubtedly a brand that all sports fans and many bettors are familiar with. It’s sportsbook is one of the industry’s best in the many states where it operates, and it is known for its generous rewards programs, which tie in its status as an entertainment heavyweight:  

• BetMGM Rewards: Enjoy Exclusive benefits and earn rewards for your hotel stays, dining, slots, table games, and more. Earn bonus tier credits by reaching daily milestones and unlock benefits as you go.
• Exclusive Vegas Discount: BetMGM players enjoy exclusive access to discounts at MGM Resorts in Las Vegas and can select from a dozen luxury resort properties across the world-famous Las Vegas Strip.
• MGM Mastercard Rewards: Earn more rewards including 3X Points and Tier Credits per $1 spent at MGM Rewards Destinations.

BetMGM bonus code PLAYSPORT guarantees access to a first-bet offer up to $1,500. Simply register, make a deposit and place your first bet. If it falls short, BetMGM will match those losses in bonus bets so you can take another crack at profits without risking anything extra funds. 

To qualify for the BetMGM bonus for March Madness, simply click one of our links and follow these steps:  

• Sign up for BetMGM, then make your first deposit of $10 or more.
• Place an opening wager on 2024 March Madness odds (or any bet of your choice) at BetMGM.
• If it loses, bonus bets matching your losses (up to $1,500) will be delivered to your account within 24 hours. 

If you do not use one of our codes to reach BetMGM, type PLAYSPORT into the proper section when claiming your bonus. 

Bonus bets cannot be withdrawn and must be used within seven days. Click our BetMGM bonus code links to get started.

Check out this BetMGM Sportsbook review page for more information

3. BetRivers March Madness bonus code RIVSPORTS: Up to $500 back 

BetRivers Sportsbook houses tons of betting options, a loyalty rewards program and various ongoing promotions for new customers on top of their signup bonus, which involves getting losses paid back up to $500. 

Simply signup with BetRivers bonus code RIVSPORTS for 2024 March Madness to activate a second-chance bet bonus up to $500 for all new customers. This means that if your first wager on the NCAA Tournament falls short, up to $500 will be paid back by BetRivers. 

All that’s required is the creation of a new account by clicking on our BetRivers link, or by typing RIVSPORTS into the promo code space if you find the registration page on your own. 

Once you do that, make your deposit and place your first bet. If it loses, get 100% of those losses back up to $500 (depending on location) to try once again.

Register with BetRivers bonus code RIVSPORTS

For the BetRivers March Madness promo, qualifying wagers must have odds of -200 or better (-175, +100, etc.). New customers must deposit at least $10 into your new BetRivers account

Note: Players in IL, IN, LA, MI, MD, PA, and VA qualify for up to $500 back, while the maximum offer in CO and NJ is $250. Those located in AZ, IA, NY, OH, and WV are eligible for a $100 welcome bonus.

4. FanDuel March Madness promo offers $200 for a $5 wager on college basketball

FanDuel Sportsbook is one of the most popular March Madness betting sites every season due to its massive betting menu, ongoing promotions and generous welcome offer. 

The FanDuel promo code for March Madness guarantees a $200 in bonus bets for just a $5 wager following registration and deposit. 

New FanDuel users can wager on the NCAA basketball bet of their choice after registering and making a deposit. If that moneyline bet wins, $200 in bonus bets is coming into your account after that wager settles. That’s +4000 odds on your $5 wager. 

FanDuel Sportsbook welcome bonus bets show up in your account within 72 hours of your qualifying bet and must be used within 14 days of issuance.

Check out this FanDuel Sportsbook review page for more information

5. Bet365 March Madness bonus code FPBCO offers $150 or $1,000 first bet safety net

The Bet365 bonus code FPBCO for March Madness leads to a generous welcome bonus of $150 guaranteed for just a $5 bet. Here’s everything you get:

• $150 in bonus bets following a $5 wager (win or lose) once you sign up and deposit.
• Exclusive promos including bet boosts, parlay bonuses and early payouts.
• Tons of betting markets to choose from including March Madness odds. 

Simply register, deposit, and place a $5 bet on any eligible market for college basketball. Win or lose, $150 in bonus bets is being added to your account once the wager settles, on top of any potential winnings. 

If bettors don’t want to claim the $150 guaranteed, they can also opt for a first-bet safety net up to $1,000. This means that if the first wager is a loss, Bet365 covers those losses with a bonus bet reimbursement up to the maximum amount.

Bonus bets can be broken up into multiple wagers and are eligible for use on any market with a line of -500 or better.

Find more information on this Bet365 Sportsbook review page

6. DraftKings March Madness bonus: Multi-part offer worth $1,200

DraftKings has a countless number of March Madness props and one of the deepest betting menus around, complete with novelty props that can exclusively be found here. 

Registering for the DraftKings March Madness bonus before the big game means qualifying for:   

• $50 bonus bet following deposit
• 20% match on that deposit up to $1,000
• Bet $5, win $150 guaranteed on your first bet
• Access to thousands of March Madness betting options

Simply register and make an initial deposit. This will qualify you for the first two parts of the DraftKings March Madness bonus. From there, place your first bet of $5 or more to become eligible for the $150 win or lose, on top of any potential winnings.

The $150 in bonus bets are paid out as six $25 bonus bets and your $50 bonus bet after deposit will come as one lump sum. All bonus bets must be used within seven days of being issued at DraftKings.

DraftKings March Madness Promotions

March Mania boost: Get a 64% profit boost on a bet up to $100 to commemorate the arrival of the 2024 NCAA Tournament. 

How to bet on March Madness 2024: Bet types offered at March Madness betting sites

All March Madness betting apps include moneylines, spreads and totals for every game throughout the NCAA Tournament. There are also select props offered in some states for college basketball along with futures odds to win the tournament, reach the Final Four and more. 

Below is a description of each bet type and what it means. 

Moneyline 

Simply a wager on which team will win the game. Favorites have a negative sign in front of their odds and whatever the line is, you must pay that to win $100. Underdogs have positive odds, and the number represents what you stand to win for a $100 bet. Using $100 as the base makes the math simple, and you can adjust from there based on the amount you are wagering. 

For example, if UConn is -125, bettors must risk $125 for every $100 in profit, or $12.50 for every $10 in profit. If Houston is +105, a $100 wager would win $105 and a $10 wager would win $10.50. 

Point Spread

Not all teams are equal and the point spread is how the sportsbook evens out the game from a betting perspective. 

In order to win spread bets, the team you select must “cover” the number. Favorites must win by more than the spread indicates, while underdogs can win the game outright or lose by less than the spread to win your bet. 

For example, if UConn is -3.5, they must win by four or more points. If Houston is +3.5, they must lose the game by three or fewer points if they don’t win to cover the spread. The juice that comes along with point spreads generally ranges from +100 to -120, with -110 being the standard number for both underdogs and favorites. 

Totals are wagers on whether the combined score of the game will go over or under a predetermined number set by the sportsbook. Similar to spreads, the lines for totals are generally from -120 to +100, with -110 being the standard price that sportsbooks set lines at. 

If the total is 151.5, an over bet needs 152 points or more while 150 points or fewer is a win for the under. At -110, both sides would be $110 to win $100. 

2024 March Madness props: Underdog DFS promo code BETFPB for NCAA Tournament prop betting

Some legal betting states do allow March Madness prop betting, but it’s much more widespread at a DFS site such as Underdog, which offers $100 guaranteed bonus when registering with our Underdog March Madness promo code BETFPB when signing up. 

Underdog DFS allows you to choose Higher or Lower on college basketball props, similar to an over/under. These picks can be strung together into one entry, similar to a parlay. The more picks you make, the more you can win! There’s also an option to win something even if every selection does not win. 

Note: Underdog DFS does not allow college basketball props in all states, so check your local offerings. 

March Madness 2024 bonus offers & betting odds: Deposit & withdrawal options at March Madness betting sites

On top of being able to bet from any location, part of the reason why online sportsbooks are preferred to retail locations is because of the convenience that comes with the much wider variety of banking methods available. 

Financial transactions are easy without the hardship of driving to a casino, which is not realistic for most of the public. On the day of the big game, prospective bettors could wager on the game from any location (in a legal betting state) and quickly collect winnings at Caesars, BetMGM and more. 

There are several reliable options when it comes to selecting a banking method for your online sportsbook instant withdrawal. The March Madness sportsbooks with the quickest withdrawals is offer a wide range of options for removing funds from your account including PayPal, online banking and many others. 

Some are quicker than others but there are still multiple methods to learn about and choose from, including the following.

PayPal is of the most widely used eWallets in the United States and in the sports betting industry. Any site that uses it definitely falls into the ‘fast payout sportsbooks’ category, and all of the best sportsbooks carry it as an option. 

Bettors can transfer funds from their sportsbook account into their PayPal account with ease, and it allows them to keep their financial information private, as it is only shared with PayPal and not the betting site. 

Sportsbooks funds will reach your PayPal account within 24 to 48 hours, although most transactions complete within a day from BetMGM, DraftKings, FanDuel and others. Transferring funds into your bank account from your PayPal account can be done free of charge and takes 1 to 3 days, although an instant transfer is possible for a small fee. 

This means that the entire process from sportsbook account to bank account can be completed in a 24 hour period on many occasions at a cost of 1% of your PayPal withdrawal. Whether you aim to pull out as little as $1 or as much as $10,000 at a time, PayPal is a safe, secure, and expeditious way to receive your money. 

Please note that at some online sportsbooks, you can only use PayPal as a withdrawal method if you also used it as a means of deposit.

Online banking/Debit card

Prospective bettors can link their bank account to their sportsbook account, creating an easy pipeline for depositing and withdrawing. For example, Caesars partners with PayWithMyBank to offer online banking transactions. Bettors can also directly link their debit card and use that for both deposits and withdrawals. Both options are free of fees. 

This option differs from using an e-wallet because it requires bettors to divulge all banking information to the sportsbook, but that information is still safe and secure with legal and regulated online sportsbooks. 

Credit cards are accepted at some online sportsbooks but since you cannot withdraw to a credit card, options for taking money out of your account are limited to check by mail (up to 2 weeks). 

Bank Transfer/ACH

There is also the choice of selecting eCheck/ACH as their withdrawal method, which is offered at many online betting sites including BetMGM and is similar to an online bank transfer. The downside is that these withdrawals take a bit more time than doing things with an eWallet and the money could take anywhere from 2 to 4 days.

Some of biggest names in the industry (FanDuel and Caesars) offer a branded Play+ prepaid card that can be used for both deposits and withdrawals. The card works similarly to a debit card and the account can be loaded as soon as the registration is complete The physical card will arrive at the address on file within 10 to 14 days. 

The great thing about a Play+ card is the fact that the money transfers instantly and can be withdrawn right away at an ATM, so long as it accepts Pulse and NYCE cards (both made by Discover). The fee for an ATM withdrawal for a Play+ card is generally $2.00 but it does give you the money instantly. 

The other option is to transfer it into your bank account, which takes up to 72 hours (funds tend to arrive earlier than that). There’s no debating that this is one of the quickest sportsbook withdrawal methods there is and if you’re willing to pay the ATM fee, it is infeed the fastest way to get your hands on cold hard cash. 

• Venmo sportsbook withdrawal: Similar to PayPal, bettors at some sportsbooks (FanDuel) can opt to use Venmo as their e-wallet of choice. If a deposit is made via this method, withdrawals can be as well.
• Cash at Counter: If you live close enough to a retail sportsbook and want to withdraw instantly, head to the cashirt’s cage. This is an easy enough method but not one that most bettors can realistically take advantage of.
• Check by mail: If you don’t have access to an e-wallet or used a deposit method that does not allow for withdrawals, you may need to ask for a check by mail, which takes between 10 and 14 days.

You must be over 21 to play. Gambling Problem? Call 1-800-522-4700. 1-800 GAMBLER.