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Sports Betting Sites / March Madness Promo Code: Get nearly $2,500 in bonuses for March Madness betting

March Madness Promo Code: Get nearly $2,500 in bonuses for March Madness betting

Publish Date: 03/17/2023
Fact checked by: Allan Howe
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As Colgate prepares to take on Texas this evening, their brush with the 2023 edition of March Madness may be a rather short one. However, that does not mean you should miss out on the latest March Madness promo code on offer.

There will be more on that in a moment but first, we need to focus on Texas’ outright chances of winning this year’s tournament. They may not be the sportsbook's overall favorite but they certainly find themselves in the chasing pack.

This is why our latest March Madness bonus may be of significant interest to you, as there is going to be plenty of betting activity over the next few weeks. With that being said, let us unveil this red-hot promo.

Use Promo Code on Colgate at Texas match today

There are going to be plenty of opportunities to use a March Madness promo code or two in the next couple of weeks and we have not one but two sportsbooks that are ready to tempt the residents of Massachusetts.

The first March Madness welcome bonus comes courtesy of DraftKings and it is fair to say that this March Madness bonus is hard to beat. You'll receive $200 in your account regardless of the outcome of your initial $5 bet. But it gets even better.

After making your deposit, you'll also receive a $50 bonus bet. And if that wasn't enough, there's a 20% deposit match on your first deposit up to $1,000. This means you could earn an extra $1,050 from this March Madness promo code.

Once you sign up with DraftKings, the $50 free bet is immediately available for use on any sporting event and we suggest using it on Friday’s game. The 20% deposit match is released as a $1 credit for every $25 wagered. This March Madness promo code cannot be ignored.

Of course, we cannot forget BetMGM’s offering either and especially as they are covering your first bet up to $1000. All you need to do is use the March Madness bonus code PLAYNJSPORTS.

As long as you use the code, it means that you’ll get your stake amount back up to $1,000 if your first bet loses. While If you bet $50 or more and lose, you will get five bonus bets each worth 20% of your total lost value.

Should your opening bet be less than $50, you will receive a single March Madness free bet in return which is matched to the value of your losing wager.

Latest Odds by DraftKings

Moneyline 

  • Colgate +700
  • Texas -1100

Spread

  • Colgate -110
  • Texas -110

Total

  • Colgate -105
  • Texas -115

Latest Odds by BetMGM

Moneyline 

  • Colgate +700
  • Texas -1100

Spread

  • Colgate -110
  • Texas -110

Total

  • Colgate -105
  • Texas -115

Promo Terms and Conditions

Q. Is this DraftKings March Madness promo code available to existing customers
A. No, it is only available to new customers.

Q. How do I get the $200 in bonus bets
A. You will receive this when you place your first $5 March Madness bet.

Q. Does the $5 bet have to be a winner
A. No, the $200 will be credited regardless of the outcome.

Q. How do I get a $50 free bet
A. This is credited when you open an account with DraftKings.

Q. How do I receive up to $1000 in additional credits
A. 20% deposit match is released as a $1 credit for every $25 wagered.

Q. Is this BetMGM March Madness promo code available to existing customers
A. No, it is only available to new customers.

Q. What is the promo code that I have to use on the BetMGM website
A. To activate this offer, you must use the promo code PLAYNJSPORTS

Q. What is the maximum coverage of my first bet
A. Your first bet will be covered to the maximum value of $1000

Q. What happens if my first bet is $50 or more
A. You will get five bonus bets each worth 20% of your total lost value.

Q. What happens if my first bet is less than $50
A. You will receive a free bet in return which is matched to the value of your losing wager.

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