March Madness bonuses: Claim over $4,000 in sportsbook offers ahead of 2023 NCAA Tournament

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The NCAA Tournament is one of the biggest events on the sports betting calendar the following 2023 March Madness bonuses provide new bettors with thousands of dollars in offers ahead of the Big Dance:

• DraftKings: $150 win or lose plus $1,050 more
• Caesars: Up to $1,250 back if first bet loses
• BetMGM: $1,000 first-bet signup offer
• BetRivers: $500 second-chance bet
• FanDuel: Up to $200 bonus guaranteed

March Madness is already under way and any bettor who isn’t registered at an online sportsbook can claim thousands in bonuses from the following sites.

Signing up with a DraftKings promo code ahead of March Madness means claiming a three-part welcome bonus:

• A $50 bonus bet upon sign-up and deposit
• A 20% deposit match up to $1,000
• Bet $5, win $150 (+3000 odds) in bonus bets

Users will receive a $50 bonus bet as soon as they finish creating their account and make a first deposit.

That investment will be matched 20 percent of the way up to $1,000, which will be released at a rate of $1 for every $25 wagered on the sportsbook.

The final part of the offer requires a new user to place their first bet ($5 min.) on any eligible market, including college basketball.

If the bet wins, six $25 bonus bets will accompany any cash winnings. All bonus bets arrive within 24 hours and have a seven-day life span.

Signing up with Caesars promo code NJBONUSFULL means qualifying for a bonus that focuses on your very first bet after registering and making a deposit.

Once those steps are taken, bet on any March Madness game with your first bet. If it loses, receive bet credits matching those losses, up to $1,250.

This is one of the largest offers of its kind and ensures two shots at early profits for the NCAA Tournament.

Any bet credits will arrive within 48 hours and have 14 days to be used.

Users who win with their first bet will not receive any bet credits but will receive full cash payouts.

No matter the result of the qualifying bet, all new Caesars users will receive 1,000 Caesars rewards and 1,000 Caesars tier credits, all of which can be redeemed for bet credits and other prizes.

Anyone who signs up using the BetMGM bonus code PLAYNJSPORTS will have their first Mach Madness bet covered up to $1,000.

Once a new customer registers and makes an initial deposit, they can place their first bet on any NCAA basketball conference tournament or NCAA Tournament game.

If it loses, bonus bets are coming back as a form of reimbursement to match those losses.

Customers who make qualifying bets of $50 or more will receive bonus bets in five equally-weighted increments.

Those who bet $49 or less will receive a single bonus bet equal to their first bet.

March Madness bettors can sign up for BetRivers Sportsbook and claim a second-chance bet up to $500 by using the BetRivers promo code BETBONUS.

Simply register, make a deposit, and place your first bet with BetRivers to become eligible for the welcome offer.

If it misses, there’s 100% of those losses coming back to you in the form of a second-chance bet that can be used on nearly anything, including college basketball.

Customers have 30 days to use their bet credits but must do so on betting lines with odds equal to or better than -200.

All bet credits earned during the promo can be used to win cash prizes but have no direct cash value.

New customers who sign up using a FanDuel promo code can secure up to $200 in bonus bets, win or lose.

No matter what you bet initially on your chosen March Madness game, you will get a maximum of 10x your initial bet back as bonus bets.

If you bet $5, you will get $50. Bet $10 for $100. To get the full $200 back, bet $20.

This is on top of your winnings, so if you bet $20 on a March Madness game and it hits, you’ll receive your payout PLUS $200 in bonus bets.

That bonus credit can be used on any bet type or market within 14 days.

All bet credits arrive within 72 hours and can be used nearly anywhere on the FanDuel betting menu.

If you or a loved one has questions or needs to talk to a professional about gambling, call 1-800-GAMBLER or visit 1800gambler.net