The madness is upon us. Looking for the top sports betting bonuses for March Madness 2022? We’ve got you covered. The men’s and women’s NCAA Basketball Tournaments start this week, and sportsbooks are lining up the promotions. For sports bettors, that means plenty of free betting opportunities, boosted odds, and other great offers. Here’s a round-up of the top March Madness sports betting bonuses for 2022.
Top 6 March Madness Sports Betting Bonuses
DraftKings: Bet $5, Win $200
DraftKings is kicking off March Madness with an excellent promotion for new users. Sign up for a DraftKings account, deposit $5 or more, and place a $5+ bet on a college basketball moneyline. If your bet wins, you’ll receive $200 in free bets, plus the normal winnings on your wager.
This bonus is great for new users looking to place a wager on a heavily favored team (1 vs. 16 matchup, anyone?). The free bets are given in eight increments of $25 and are valid for seven days after receipt.
FanDuel: Bet $5, Get $150 (And More)
At FanDuel, you can bet $5 on any college basketball game and get $150 in free bets whether your selection wins or loses.
Just sign up, place your $5 wager, and get $150. It’s that simple!
In addition, FanDuel is offering users a risk-free bet on college basketball. New and existing users can claim the bonus. Log in, then opt-in to the promotion. Once you’ve done that, place a bet on any college basketball game (parlays will work as long as all legs are college hoops bets). If your wager loses, FanDuel will refund your bet up to $10 in site credits.
New FanDuel customers: Visit FanDuel Sportsbook and get a $1,000 risk-free bet
BetMGM: Bet $10, Win $200 If Either Team Hits A Three-Pointer
This one’s about as close to a no-brainer as you can get. If you bet $10 on a college basketball game, you will get $200 in free bets if either team hits a single three-pointer during the game.
Plus, BetMGM’s opening bonus is an excellent option for new bettors looking to sprinkle some money on March Madness. Sign up for a BetMGM account, and you’ll be treated to a single risk-free first bet up to $1,000.
BetMGM also offers a free-to-play March Madness Bracket Challenge and a $50 refer-a-friend bonus for existing users. Combine the offers to your advantage and maximize your March Madness action.
New BetMGM customers: Use bonus code TODAY for risk-free bet up to $1,000
Caesars Sportsbook: $1,100 First Bet Insurance
New Caesars Sportsbook bettors can get first bet insurance up to $1,100. Place your bet, and if you lose, Caesars will return your wager amount in a free credit, which you can then use to make another bet.
If you’re an existing user looking to get some extra betting credit, you can refer a friend. If your referred friend signs up and deposits $50+, you’ll get $100 in free bets, which you can use on March Madness or any other bet of your choice.
New Caesars customers: Use promo code TODAYCZR for $1,100 first-bet insurance
BetRivers: Deposit Match Up To $250
When you join BetRivers, your first deposit will be matched 100% up to $250. With only a 1x playthrough requirement, it’s one of the better bonuses in any market, especially for casual sports bettors. Claim the bonus, and you can use the $250 to place March Madness bets throughout the tournament.
PointsBet: Two Risk-Free Bets Up To $2,000
PointsBet gives new users two risk-free bets totalling $2,000. The first bet is a risk-free fixed odds wager up to $500. The second is a risk-free PointsBetting wager up to $1,500.
Additionally, in a special offering around the month’s college basketball festivities, new customers can get up to $100 in free bets during March Madness.
More Bonuses On The Way
The March Madness tournament is still a few days away, so it’s likely sportsbooks will drop new bonuses and promotions as games begin. Keep an eye on this post, and we’ll update it with new bonus information as it becomes available.