March Madness 2019 marks a special occasion this year as the first time it will ever be played in the post-PASPA era. For the first time ever this week, New Jersey sports fans can bet on March Madness online at sites that are legal, licensed and headquartered in the USA.
Best Basketball Betting Sites
The American Gaming Association recently estimated sports bettors across the US will wager 40% more on March Madness than they did on the Super Bowl. Although the Super Bowl is fairly cited as the single biggest betting event of the year, total March Madness handle surpasses even that thanks to the many games involved and accounting for the billions that will be wagered on March Madness brackets alone.
NJ betting sites are certainly paying attention as we’ve already received a multitude of e-mails from the many online sportsbooks at which we have accounts detailing their upcoming March Madness betting promotions. We’ve taken those e-mails, visited every betting site and now present the best March Madness promos on offer in New Jersey.
PointsBet March Madness Betting Promotions
PointsBet launched New Jersey operations in 2018 with a unique take on sports betting that makes this site stand unique among the competition. In addition to offering a full menu of the usual point spreads, totals and props, PointsBet also offers a form of betting called PointsBetting that pays you based on how right your predictions are.
For example, PointsBet has set the total for one of tonight’s NCAA games at 136 points. You can log in and place a standard bet on the over/under, but also have the option to place a different type of bet by choosing an amount to wager per point. If you decide to take the over in this example and bet $1 a point, you would win $1 for every point above 136 scored in the game.
We won’t go too in-depth here because you can read all about it in our PointsBet review, but the main thing we wanted to note is PointsBet is unlike other sportsbooks in that it offers standard wagers in addition to a totally new type of betting.
Now, on to the promos.
New Customers Only: 2 Risk Free Bets up to $500 Each + $25 No Deposit Bonus
Don’t already have an account at PointsBet? Now is a good time to get started with up to $1,000 in risk-free bets on offer and a $25 bet just for signing up. So for anyone reading this without account, you can head over to PointsBet.com to sign up and claim your $25 right now.
If you like what you see and decide to make a deposit, you can claim two more risk free bets worth up to $500 each. Place your first wager on a regular fixed-odds market and PointsBet will refund it with a free bet of equal size if it’s a loser.
This same offer also stands for your first PointsBetting wager. Just place a PointsBetting wager and if it loses, PointsBet will match it with a free bet of equal size (up to $500).
- Claim your bonus at: PointsBet.com
- Use bonus code: WELCOMEPP2
For Everyone: $3 Bonus Bets for Every 3-Pointer Made by Your Team
This unique promotion will give you a $3 bonus bet every time your team makes a three-pointer when you place a $100 fixed-odds point spread bet on any March Madness game. For example, if you bet $100 on Gonzaga to beat FDU and Gonzaga scores 10 three-pointers, you would get $30 in bonus bets on top of anything you win.
For Everyone: -105 Odds on Point Spreads and Totals
PointsBet will be reducing the juice on all March Madness point spreads and totals. Rather than the industry average -110, PointsBet will be pricing all point spread and total wagers at -105 to effectively cut the juice in half. What this means for you is more money in your pocket when you bet at PointsBet no matter who you back.
For example, betting on an evenly-matched team at -110 elsewhere would cost you $110 for a chance to win $100. Placing that same bet at PointsBet with odds of -105 would only cost you $105 for a chance to win $100. In other words, you’ll be risking less to win the same amount at PointsBet compared to other betting sites.
PointsBet also notes in its promo notice that -110 only refers to the effective juice. Other matchups may not be priced at exactly -105 to account for disparities in skill, but the PointsBet prices will still be the equivalent of paying -105 rather than -110.
For Everyone: Cinderella Heartbreak
If you place a fixed-odds moneyline bet on a team seeded 10-16 playing against a higher seeded team and your team loses by 3 points or fewer, you’ll get your money back as a free bet worth up to $100.
For Everyone: PointsBet March Madness Bracket Challenge
If you pick the most winners out of 67 March Madness games among all PointsBet customers, you’ll get a $5,000 bonus bet. Every $10 moneyline bet you make on a game counts toward your point total as follows:
- Every underdog win gets you 2 points
- Every favorite win gets you 1 point
PointsBet will keep an updated leaderboard showing where you stand after every round and whoever has the most points at the end of it all will earn a $5,000 bonus bet.
For Everyone: Best Price on Duke
If you like Duke to win it all, PointsBet is the place to back them. Only at PointsBet can you get +300 on Duke winning the whole thing.
For Everyone: 4 Leg Parlay Insurance
If you place a 4 leg or greater parlay bet on March Madness games and it loses by exactly one leg, you’ll be refunded with a bonus bet worth up to $100. You can get up to one parlay refund per day and the parlay must pay +200 or better to qualify.
March Madness Promotions at DraftKings Sportsbook
DraftKings Sportsbook has announced a total of three March Madness promotions in addition to its standard welcome bonus for new customers. We have all the details for the first two March Madness promos, but the third has yet to be revealed.
Here’s what we have to look forward to at DraftKings:
New Customers Only: Free Bet Worth up to $500
The standard DraftKings Sportsbook welcome bonus is always in-play for new customers. If you sign up for an account and place your first bet, DraftKings will match it with a free bet of equal size to give you up to $500 extra.
The free bet cannot be withdrawn, but you may use it to bet on sports and win money that is yours to keep.
- Claim your bonus at: DraftKings.com
- No bonus code necessary
For Everyone: Up to $50 Risk Free Bet for March Madness Rounds 1 &2
Runs: From Thursday, March 21st through Sunday, March 24th
Starting Thursday and running through the last game played on Sunday, your first March Madness bet will be risk free. If you place a bet on any March Madness market during that time and it wins, nothing happens. If it loses, however, you’ll be refunded with a free bet of equal size (up to $50).
For Everyone: Round Three Insurance Promo
Runs: From Monday, March 25th through Sunday, March 31st
Place your first March Madness bet during round three to claim a similar but not quite as generous offer. If your bet is a winner, you’ll be paid as normally and nothing else happens. If your team is up at the half but ends up losing the game, DraftKings will refund your wager with a free bet of equal size (up to $50).
SugarHouse March Madness Promos
SugarHouse Sportsbook NJ has a standard welcome offer plus a special March Madness promotion running right now. The March Madness bracket offer expires on Tuesday at 11:59 AM EST, so time is short for this one. If you miss it, however, the normal SugarHouse offer still stands.
New Customers Only: 100% up to $250 First Deposit Bonus
Anyone who doesn’t already have an account with SugarHouse NJ can sign up for an account today and make a first deposit to get an extra 100% in bonus funds. You’ll get up to $250 in bonus funds and most importantly, it comes with just a 1x wagering requirement. This is easily the best signup bonus in New Jersey.
- Claim your bonus at: PlaySugarHouse.com
- Use bonus code: 250MATCH
For Everyone: $50,000 March Mania Bracket Contest
We’re a little late getting to this one, so our apologies if you find this post after the SugarHouse bracket contest promo is closed. For those of you who do it make it in time, you can head over to SugarHouse to submit a March Madness bracket by 11:59 AM EST on Thursday the 21st.
After you submit your bracket, you’ll earn Bonus Store points for every pick you get correct. Additionally, you’ll earn even more Bonus Store points for every game in which you wager $25 or more and your bracket pick is correct. After all is said and done, the customers with the most points earn the following bonuses:
- 1st Place: $1,000
- 2nd Place: $500
- 3rd Place: $250
- 4th Place: $150
- 5th Place: $100
- 6-9th Place: $75
- 10-24th Place: $50
- 25-39th Place: $40
- 40-49th Place: $30
- 50-85th Place: $25
- 86-100th Place: $10