Here Are The Best March Madness Sportsbook Promos

Written By Juan Carlos Blanco | Published at March 16, 2025
March Madness sportsbook promos
Duke's Kon Knueppel saves a ball ahead of Wake Forest's Efton Reid III (4) and Tre'Von Spillers (25) during the second half of a game on March 3 in Durham, N.C. (AP photo / Ben McKeown)

March Madness is one of the best times in the sporting calendar to try out some promos from a new sportsbook.

Considering there are multiple weeks of non-stop, high-stakes hardwood action, it’s no surprise sportsbooks offer a host of betting promos for first-time users throughout March Madness season!

With that in mind, TheLines.com has highlighted the top new-customer promos from industry-leading sportsbooks.

DraftKings March Madness Promo Code: Up To $1,200 in Bonuses

DraftKings Sportsbook is consistently in the upper echelon of sportsbooks thanks to its wide array of betting markets, competitive odds and user-friendly interface that builds on its long-tenured and wildly successful daily fantasy sports product.

New DraftKings customers can qualify for a three-pronged bonus: The first component is a $50 bonus bet when you make an initial deposit of at least $5; the second is $150 bonus bets with a first-time bet of at least $5; and the third is a 20% first-deposit match up to $1,000, although that has a 25x playthrough requirement.

DraftKings New DraftKings Customers: Spend $5+ Get $150 in Bonus Bets *Paid Within 14 Days
GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/NH/PR/WY). Void in CAN. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Max. $150 issued as non-withdrawable Bonus Bets that expire in 7 days after issuance. Stake removed from payout. Reward issued as $50 in Bonus Bets every 7 days via click-to-claim for 14 days. 7 days = 168hrs. Terms: sportsbook.draftkings.com/promos. Ends 8/23/26 at 11:59 PM ET. Sponsored by DK.

Caesars March Madness Promo Code THELINESDYW: Get 10 100% Profit Boost Tokens

Caesars Sportsbook is a well-established gaming brand that boasts a formidable presence throughout the US regulated sports betting market. It offers customers an extensive selection of betting options that includes many international events, along with an abundance of prebuilt game and prop parlays.

To claim Caesars’ promo, enter promo code THELINESDYW and receive 10 100% profit boost tokens after making an initial wager of as little as $1, whether that bet wins or loses. Tokens are good for 14 days, and the maximum wager amount they can be applied to is $25.

BetMGM March Madness Bonus Code THELINES: First-Bet Offer up to $1,500

BetMGM is another highly recognizable name in the gaming space and offers new and existing customers competitive odds and a robust selection of betting markets.

New customers can use promo code THELINES to receive bonus bets of up to $1,500 if their first bet loses.

BetMGM Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Bet Now BetMGM Promo
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, New York, Ontario, or Puerto Rico.

Bet365 March Madness Bonus Code THELINES: Two Choices

Bet365 has brought its innovative sportsbook offerings stateside after building a formidable reputation internationally. It offers new customers who enter promo code THELINES a choice between two new-customer betting promos:

The first involves making a minimum deposit of $10 and placing an initial bet of $5 on a wager with -500 odds or longer, which entitles the customer to $150 in bonus bets, win or lose. The second is a first-bet insurance offer that also requires a minimum deposit of $10 and initial bet of $5. Then, if your first bet loses, you’ll get your bet amount refunded in bonus bets up to $1,000

FanDuel March Madness Promo Code: $200 In Bonus Bets If Your Bet Wins

Much like its long-time DFS rival DraftKings, FanDuel has shot to the top of the US regulated sports betting space while leveraging many of the foundational aspects of its success in that space.

Bettors who wish to try the industry-leading operator’s offerings can also participate in a betting promo that affords them $200 in bonus bets on a winning initial bet of at least $5. Bonus bets are valid from seven days of receipt.

FanDuel New Users – Bet $5 Get $200 in Bet Reset Tokens for 5 Days
Bet Now
Gambling Problem? Call 1-800-GAMBLER or 1-800-MY-RESET. Call 1-888-789-7777 or visit ccpg.org/chat (CT). Hope is here. GamblingHelplineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-HOPENY or text HOPENY (467369) (NY). 21+ (18+ DC, IA, KY, WV) only. New users only or text HOPENY (467369) (NY). Casino, First online real money wager only. $5 first deposit required. Min $5 wager required for 5 consecutive days. Bonus issued as non-withdrawable Bet Reset tokens. Refund from token issued as nonwithdrawable bonus bet that expire 7 days after receipt. Max refund $200 per day. Restrictions apply, including token expiration. See full terms at fanduel.com/sportsbook. Call 1-877-770-7867 (LA).

How To Claim March Madness Betting Promos

Claiming a sportsbook promo is a relatively straightforward and streamlined process. A sportsbook customer first completes the account creation process, which typically requires submitting basic personal identifying information.

An initial minimum deposit, usually $5 or $10, is also typically required before a sportsbook bonus can be claimed. Once that is completed, the sportsbook customer should enter a promo code in the appropriate field if that is required to claim the offer. However, there are other instances where a promo code is not necessary to claim the welcome bonus, but rather just a click on a hyperlink for the bonus offer does the trick.

March Madness Best Bet

Duke To Win National Championship (+340 on DraftKings Sportsbook)

While Florida is undeniably a tempting longer-shot pick — the Gators are currently as high as +750 on FanDuel Sportsbook — the Gators’ defense may ultimately not be able to hold up its end of the bargain. In contrast, the Blue Devils — the slight favorites over Auburn to win it all just a handful of days before Selection Sunday — are the epitome of a complete team, as well as a surging one. 

Duke finished regular-season play with eight consecutive wins and victories in 24 of its last 25 overall. Jon Scheyer’s squad heads into the ACC Tournament ranked No. 9 in the country in points per game (83.5) and No. 4 in points allowed (61.4). Duke also finished No. 8 in 3-point shooting (38.7%) while finishing in the top 15 in turnovers per game (9.5), further corroboration of the Blue Devils’ ability to excel in essentially every facet.

With Cooper Flagg, Kon Knueppel and Tyrese Proctor leading the way, Duke can arguably keep pace on the scoreboard with any team, while fifth-year senior Sion James is a highly efficient “fourth wheel” who drained a blistering 53.9% of his attempts, including 42.6% from behind the arc.

With depth, height and balance on their side, the Blue Devils make for a formidable bet to take home national championship hardware at the conclusion of March Madness.

watcH: march madness betting preview

You can subscribe to the audio-only version of the show on AppleSpotify, or wherever you find your favorite podcasts.