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.
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 >> Claim DraftKings Promo – Get a $50 bonus bet with a $5 deposit in addition to a 20% deposit match (up to $1,000). Also, bet $5 on any pre-game Moneyline, get $200 limited-time offer!
- FanDuel Sportsbook >> Claim limited-time FanDuel promo – Bet $20, Get $200 in Bonus Bets
- BetMGM Sportsbook >> Claim a First Bet Offer up to $1,000 + $50 in Bonus Bets after your first bet with bonus code GTODAY50
- Caesars Sportsbook >> Visit Caesars Sportsbook to get up to $1,250 on Caesars + 1,000 Tier Credits + 1,000 Reward Credits® with promo code TODAYFULL
- PointsBet Sportsbook >> Claim up to $250 in 2nd Chance Bet Credits
- BetRivers Sportsbook >> Claim 2nd Chance Bet Up to $500 ($100 max in NY)
DraftKings SportsbookClick 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 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 Tournament odds updated after Selection Sunday | NCAA Tourney point spreads, moneylines, totals
BetMGM SportsbookClick 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 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 SportsbookClick 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 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 SportsbookClick 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!
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 SportsbookClick 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 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 SportsbookClick 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 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
Yes. As long as you’re in a state with legal sports betting, you can bet on March Madness.
Check out Gaming Today’s list of states with legal betting to see if your region has legalized sports betting.
Gaming Today recommends DraftKings, BetMGM, FanDuel, Caesars, PointsBet, and BetRivers for betting on college basketball and March Madness.
Yes. FanDuel Sportsbook offers competitive odds and many different ways to bet on NCAA basketball and March Madness.
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.”
Yes. If sports betting is legal in your state, you can bet on any or all of the 67 games during March Madness.
The best sports betting apps for wagering on March Madness can be found at DraftKings, BetMGM, FanDuel, Caesars, PointsBet, and BetRivers.