$10 Million Perfect Bracket Challenge: BetMGM Free March Contest

Written By Giovanni Shorter on March 14, 2023
BetMGM March Madness Bracket

March Madness is here, and BetMGM is hosting a free contest with $10 million if you pick a perfect bracket. There are other prizes, however, should there be no perfect bracket (considering the odds of a perfect bracket are about one in a bazillion). Players can compete and earn points throughout the tournament. First prize will win $100,00 no matter what. CLICK HERE to sign up and navigate to the promos tab at BetMGM to find this contest.

Plus, if you don’t have a BetMGM account yet, use bonus code PLAYBONUS50 during sign up after you hit PLAY NOW below to lock in a great new user promo.

BetMGM New Customer Promo Code: Use PLAYBONUS50

$1,000 Paid Back in Bonus Bets + $50 After Your First Bet
$1,050 BOnus
Exclusive Special
BetMGM Exclusive $50 Bonus after First Bet
$1,000 Paid Back in Bonus Bets 
March Matchups Special - See BETMGM Review
Use Bonus Code: PLAYBONUS50

$500 March Madness Leaderboard Challenge! Make your FREE picks for The Sweet 16 and Elite 8 this week and win your share of a $500 guaranteed prize pool.

Bracket Contest Rules

This March Madness bracket contest can be entered in any market that BetMGM is live. This includes newer markets like Maryland, Ohio, and Massachusetts. Bettors need only to have a BetMGM account and sign up for the Free-To-Play $10 Million Dollar Bracket Challenge.

Players will accumulate points throughout the tournament. Should no-one finish with a perfect bracket, the contestant with the most points will win $100,000.


BetMGM Point System Breakdown

  • First Round: 1 Point Per Win
  • Second Round: 2 Points
  • Third Round (Regional Semifinals): 4 Points
  • Fourth Round (Regional Final): 8 Points
  • Fifth Round (National Semifinals): 16 Points
  • Final Round (National Championship): 32 Points for a correct national championship pick

This contest pays out real cash prizes for those who win. It also costs bettors nothing to enter the event, making this easily accessible to all patrons. BetMGM will also be granting odds boost and parlay boost tokens throughout the tournament. This will increase the potential payouts from wagers, giving bettors more potential wins.

More BetMGM March Madness Promos

The BetMGM March Madness bracket challenge isn’t the only offer fans can utilize with March Madness betting. Newcomers can benefit from the $1,000 Welcome Bonus that BetMGM has on offer. This promotion is available to all first-time patrons. The popular mobile sportsbook will return funds on first wagers for users if they lose.

The way this offer works is that bettors can wager any amount up to $1,000. If they win, they collect the winnings from the wager. If the wager is a loss, BetMGM will return the equivalent amount at a bonus bet. Bonus bets are bet credits that can only be used at the stated sportsbook. Bonus bets cannot be cashed out as real funds and must be used to wager.

With the tournament being unpredictable, insurance on wagers is the perfect promotion for bettors. It is to be noted that bonus bets do not payout the same as wagers from real cash funds. A $50 wager on +100 odds would pay out $100 with real-world funds. This same wager with bonus bets would only pay out $50. This is because the value of the bonus bet is not included in the final payout.

Click the banner on this page and partake in March Madness betting at BetMGM.

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Written by
Giovanni Shorter

Giovanni Shorter is a sports enthusiast and writer with a passion for the legal and industry side of the sports betting market. Giovanni got his education from Florida State University where he honed his writing style writing narratives and short stories. He has spent his professional career covering sports and entertainment through articles and blogs and continues to look at the industry from multiple angles.

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