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As March Madness Tips Off, Sportsbooks Roll Out Bonus-Laden Sign-Up Offers

Eligibility and payout mechanics vary widely by state.

Overview

  • DraftKings lets new users bet $5 on any NCAA Tournament game to receive $200 in bonus bets guaranteed, plus a 100% profit boost for a champion pick.
  • FanDuel provides no-sweat tokens worth up to $300 per day for 10 days, refunding losing stakes in bonus bets.
  • BetMGM offers a $1,500 first-bet safety net in most states, while MI, NJ, PA and WV receive a $150 bonus that requires a winning $10 wager.
  • bet365 grants $365 in bonus bets for a $10 stake, with an Illinois variant of bet $5, get $150 and added casino spins for NJ and PA users.
  • Caesars issues ten 100% profit-boost tokens after a $1 wager, theScore Bet resets a first bet up to $1,000 in AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, MO, NC, OH, TN and VA, and prediction-market apps like Kalshi, Novig, OG and Crypto.com promote sign-up incentives as legal alternatives in non-sports-betting states.