March Madness Betting Sites & Apps: Top Sportsbooks for 2023 NCAA Tournament

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The 2023 NCAA Men’s Basketball Tournament offers 67 games over the span of three weeks.

When you consider how many different ways there are to wager on a single game, the number of betting opportunities during March Madness is truly endless. To help you make the most of this special time on the sports calendar, we’re going to explore the best March Madness betting sites and apps available in the industry today.

New users can gain access to thousands of dollars in March Madness betting bonuses from top online sportsbooks during the 2023 NCAA Tournament. Let’s review those welcome offers and help explain why DraftKings, BetMGM, FanDuel, Caesars, PointsBet, and BetRivers are the best options for betting on March Madness.

Rank
Sportsbooks
Bonus
Features
Play
1
UP TO $1,000
In Bonus Bets
First Bet Safety Net up to $1,000, or Bet $5, Get $150 in Bonus Bets
Sign Up, Deposit and Play Today in VA!
Gambling Problem? Call or TEXT 1-800-Gambler 21+
Use Bonus Code: GTODAYVA
2
BET $50 
GET $200
If Your First Bet Wins
Bet $50 Get $200 in Bonus Bets
Get Betway Boosts & Enhanced Odds
To Claim: Click Play Now
3
Bet $5
Get $150
In Bonus Bets
Bet $5 Get $150 Instantly in Bonus Bets*
*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms
21+. Gambling Problem? Call 1-800-GAMBLER
Use Bonus Code: TODAY
4
$1,000 FIRST BET
On Caesars
Up to $1,000 Back as a Bonus Bet if Your Bet Loses
Stream NFL Games In-App for Free
21+ Gambling problem? Call 1-800-GAMBLER
Use Promo Code: TODAY1000
5
Bet $5
Get $150
If Your Bet Wins
Bet $5 Get $150 in Bonus Bets if Your Bet Wins
Available on Desktop, Android & iOS
To Claim: Click Play Now
6
$100 bonus
No Regret First Bet
Up to $100 Back if Your First Bet Doesn't Hit
Get Your Bets Boosted
To Claim: Click Play Now
7
$500 Bonus
2nd Chance Bet
Up To $500 in Bet Credits
ONLY 1x Play Through!
Use Affiliate Code: TODAYRIV

March Madness Betting Sites in 2023

All of these March Madness betting websites offer top-rated March Madness betting apps that make wagering easier than ever before. Take the time to review each welcome offer by clicking the promo links below before we review the top-six sportsbooks for betting on March Madness.

DraftKings Sportsbook

Click to Claim $1,250 in Welcome Bonuses

DraftKings Sportsbook offers new users up to $1,250 in betting bonuses for March Madness! Claim now.

DraftKings Sportsbook

DraftKings gets our vote for the best overall betting experience. The DraftKings sports betting app is intuitive and easy to use. You’ll find highly competitive odds on a wide selection of sports, including college basketball.

DraftKings Sportsbook is a top option for betting on the March Madness tournament. New users can score up to $1,250 in bonuses to use on March Madness games.

  • $50 Bonus Bet: Sign up and deposit $5 to receive a $50 bonus bet.
  • 20% Deposit Match: DraftKings will match your first deposit up to 20% to a maximum of $1,000.
  • Bet $5, Get $200: For a limited time, you can also bet $5 and get $200 in bonus bets.

DraftKings offers a huge selection of betting markets on March Madness. You’ll have access to spreads, moneylines, totals, props, parlays, same-game parlays, futures, teasers, live bets, and more!

NCAA Tourney Prep: How to Bet on March Madness | Pursuing the Perfect Bracket | NCAA Tourney point spreads, moneylines, totals

 

BetMGM Sportsbook

Click to Claim up to $1,050 in Betting Bonuses

BetMGM gives new users a First Bet of up to $1,000 and $50 in bonus bets for March Madness. Click here to sign up now!

BetMGM Sportsbook

BetMGM Sportsbook offers new users up to a $1,000 First Bet and $50 in bonus bets after your first real-money wager.

Let’s say you wager $1K on Duke to cover the spread against Oral Roberts in the opening round on Thursday. BetMGM was dealing Duke -6.5 at -110 odds. If the Blue Devils win by seven points, congratulations, as you’ll win $909 and those cash winnings are yours to keep.

What if the upstart Golden Eagles cover? BetMGM will issue $1,000 in bonus bets to your account and give you another chance to win big.

Use our exclusive BetMGM Bonus Code ‘TODAY’ to take advantage of this offer.

FanDuel Sportsbook

Click to Bet $20, and Get $200 in Bonus Bets

FanDuel Sportsbook is running a “March Madness Special Offer” promo. New users can bet $20 and get $200 in bonus bets whether their wager wins or loses. Click to claim!

FanDuel Sportsbook

FanDuel Sportsbook has a “March Madness Special Offer” for new users. Register your new account and make a deposit to receive 10x your first bet amount! Bet a maximum of $20 and get $200 in bonus bets whether your wager wins or loses.

Let’s walk through an example using Friday’s March Madness game between Providence and Kentucky. FanDuel was offering Kentucky -3.5. You think the Wildcats easily cover that number, and bet $20 on the spread. If Kentucky wins, great, you just won $218.18 ($18.18 in winnings and $200 in bonus bets).

What if Providence covers? No worries. FanDuel will still give you $200 in bonus bets even if your wager loses! Claiming this offer is a no-brainer.

Caesars Sportsbook

Click here to grab $1,250 on Caesars Now

Claim up to $1,250 on Caesars and get 1,000 Tier Credits + 1,000 Reward Credits® using promo code TODAYFULL. Claim Now!

Caesars Sportsbook

What could be better than getting up to $1,250 on Caesars for betting on March Madness? How about 1,000 Tier Credits + 1,000 Reward Credits®, too? New users can get both on Caesars!

So, what if you make a $1,250 moneyline bet on Missouri (+105) to beat Utah State in the opening round of March Madness? If the Tigers win, you’ll cash a winning ticket of $1,312.50. Those winnings are yours to enjoy.

But what if Utah State wins? Caesars will refund you $1,250 as a bet credit that will arrive within 48 hours.

For a limited time to celebrate the start of March Madness, Caesars is offering existing customers a Longshot Parlay Bonus. You can wager $25+ on a +1000 or longer-odds parlay on any college basketball market and receive a $15 bonus bet.

This is just another of many reasons to have Caesars in your rotation of online sportsbooks. Caesars offers one of the best live betting platforms for wagering on March Madness. Make all your in-game bets on college hoops with the comfort of knowing the Caesars app has you covered with competitive odds in real time.

PointsBet Sportsbook

Click to claim $250 in 2nd Chance Bets

PointsBet Sportsbook is giving new users $250 in Second-Chance Bet Credits. Claim the offer right here!

PointsBet Sportsbook

PointsBet allows new users to score up to $250 in Second-Chance Bet Credits with this click-to-claim promo code link. Here’s how the promo works for March Madness:

If your first fixed-odds cash bet of the day loses, PointsBet issues a $50 bet credit each day for five consecutive days.

Let’s say you make a $50 bet for each of the first five days of March Madness. In the worst-case scenario, all five bets settle as a loss. But this isn’t a worst-case scenario, as PointsBet will refund your account $250 in second-chance bet credits!

PointsBet offers a standout feature called Partial Cash Out. This allows you to settle a bet on March Madness games and collect some of your winning early. You can choose the amount of money to cash out early and leave the remainder of the balance to finish out the bet.

PointsBet is another solid option for all of your March Madness betting needs!

BetRivers Sportsbook

Click to claim a 2nd Chance Bet up to $500

BetRivers is offering new users the chance to claim a 2nd chance bet, up to $500 ($100 max in NY)! Claim it here.

BetRivers

BetRivers is another leading online sportsbook for betting on March Madness. New users can receive a 100% Second-Chance Bet Bonus of up to $500 (or $100 in New York). Wager $500 and if your bet loses, BetRivers will refund your account with $500 in the form of bet credits.

Claim your 2nd Chance Bet Up to $500 ($100 max in NY) at BetRivers

There is no play-through requirement for this bonus, which is a rarity in the industry.

BetRivers also offers a slew of ongoing promotions and bet boosts when you’re an existing customer. For March Madness, BetRivers increased the win potential for its  NCAA men’s basketball “Profit Boost” promo by 20% for all customers.

March Madness Betting Sites FAQ

Can you bet on March Madness?

Yes. As long as you’re in a state with legal sports betting, you can bet on March Madness.

What states allow NCAA betting?

Check out Gaming Today’s list of states with legal betting to see if your region has legalized sports betting.

Where to bet on college basketball?

Gaming Today recommends DraftKings, BetMGM, FanDuel, Caesars, PointsBet, and BetRivers for betting on college basketball and March Madness.

Can you bet on NCAA basketball at FanDuel?

Yes. FanDuel Sportsbook offers competitive odds and many different ways to bet on NCAA basketball and March Madness.

Can you bet on college teams at DraftKings?

Yes, as a general rule. But there are states including New Jersey that don’t allow betting on in-state college teams. DraftKings notifies customers with this caveat “NCAA Tournament Winner 2023 w/o NJ Colleges.”

Can you gamble on NCAA games?

Yes. If sports betting is legal in your state, you can bet on any or all of the 67 games during March Madness.

What app do people use for March Madness?

The best sports betting apps for wagering on March Madness can be found at DraftKings, BetMGM, FanDuel, Caesars, PointsBet, and BetRivers.

About the Author
Kris Johnson

Kris Johnson

Senior Writer
Kris Johnson is a senior writer at Gaming Today with more than 15 years of experience as a sports journalist. Johnson's work has appeared in Sports Business Daily, Sports Business Journal, NASCAR Illustrated, and other publications. He also authored a sports betting novel titled The Endgame.

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