March Madness is the best time of the year for hardcore college hoops fans. The opening week of the NCAA Basketball Tournament contains four of the busiest sports betting days of the year. Because of this, many sportsbooks up the ante when it comes to their bonus offers for new sports bettors. Here are the top sportsbook bonus offers for the 2022 National Tournament.
|Sportsbook||March Madness Offer||Bonus Code|
|Bet $5, Get $150|
Guaranteed to Pay Instantly
No Code Needed
|Bet $10, Get $200 Free|
On Any CBB Wager
No Code Needed
|Bet $1, Get $150 Free|
If Your Team Wins
Promo Code: EWB
|$1,100 in First Bet Insurance|
Win or Get a Free Bet Refund
Promo Code: BVCZR
Before we get into the nitty-gritty details of each one of the best March Madness sportsbook bonus offers, let's look at the criteria that each of the sportsbooks on this list had to meet just to get on it. To put it mildly, it's not easy to make this list.
Firstly, all of the sportsbooks on our list provide a top-notch betting experience to all of their customers. Each one of these top-of-the-line sportsbooks offers a user-friendly app, great live betting options, and access to some of the most fantastic betting odds in the country. Each of these sportsbooks knows how to take good care of sports bettors and their needs.
Secondly, every one of these promotions has terms and conditions that are simple and easy for their customers to understand. Sometimes sportsbooks make new clients jump through a ton of hoops in order to get their sign-up bonus, but you won't find any of that on this list. You also won't find any ridiculous rollover requirements of 50x or more.
Finally, most of the legal betting states in the country offer the majority of sportsbooks on this list. This is important because we wanted as many people as possible to be able to capitalize on these bonus offers.
FanDuel is giving every new player an instant $150 bonus with their first $5 CBB wager this March. This offer is guaranteed to pay regardless of the outcome of your bet. The funds are instantly added to your account as site credit.
This offer is already live on the sportsbook and is set to run through the April 4 National Championship game. There is no promo code needed simply visit the offer landing page to lock in $150 in site credits when you register today.
BetMGM lives up to its reputation as the "King of Sportsbooks" by offering all new players the opportunity to Bet $10 to Win $200 on their very first basketball bet. All you need is for either team to hit a three-point shot! That's the closest thing to a lock as we've ever seen. Even the worst offensive teams in the country usually make two or three shots from downtown each game.
The $200 in Free Bets from BetMGM may not be the biggest overall bonus on this list, but it has an extremely low deposit requirement. All a new sports bettor has to do is deposit $10. After doing so, bet that $10 on any basketball game to receive the $200 in Free Bets (as long as a 3-pointer is made).
BetMGM awards the Free Bets as (4) $50 Free Bets. All in all, we think this is a solid bonus offer that is the perfect way to start off your March Madness betting this year!
DraftKings was one of the OGs of the Daily Fantasy Sports world but they've built an outstanding sportsbook as well. This March, DraftKings is giving all new sports bettors the chance to Bet $1 to Win $150 in Free Bets. Here's how it works:
1. Sign up for a new DraftKings account and use the promo code EWB.
2. After entering all pertinent information, deposit at least $5 into your new account
3. Bet $1 on any NBA moneyline (it's a good idea to find a heavy favorite for this bet)
4. If your bet cashes, DraftKings will load your account with $150 in Free Bets
Like the BetMGM bonus offer, the total amount isn't huge but the low deposit requirement is fabulous. This makes the DraftKings bonus offer one of the best out there for newer sports bettors that may not have a large bankroll.
There are so many incredible bonus offers on this list that it was difficult to choose which one was best. We selected Caesars Sportsbook because their March Madness offer of up to $1,100 of First Bet Insurance is simply too good to pass up. Both FanDuel and PointsBet have very attractive bonus offers, but Caesars just narrowly beats them.
When signing up for a new Caesars Sportsbook account, simply use the promo code BVCZR when prompted. Next, place your first bet for any amount up to $1,100. If your bet loses, Caesars will refund your account with a free bet.
Caesars has always had a knack for giving out generous bonus offers, and they've done that yet again with this March Madness offer. Very few sportsbooks are willing to provide first-time players with this high amount of first bet insurance. If Caesars is offered in your state this March, don't hesitate to jump onboard.
Getting some free money from some of the best sportsbooks in the country is a wonderful thing, but so is garnering bracket bragging rights amongst your friends and coworkers. If you need some help in that area, check out our 6 Best Tips for Filling Out March Madness Brackets. That will help you get started off on the right foot during this year's NCAA Big Dance!
As always, stayed tuned to EatWatchBet for premium college basketball picks on a daily basis throughout the entire month of March. To make sure you don't miss a single pick, subscribe to our newsletter. Have some fun and best of luck with all your March Madness bets!