FanDuel March Madness Promo: Bet $5, Get $200 With A Win

FanDuel is offering new customers the chance to win $200 in bonus bets during this March Madness tournament.

FanDuel’s latest March Madness promo provides $200 in bonus bets to new customers who win their first wager ($5 minimum bet). You don’t need a FanDuel promo code — just sign up, deposit at least $5, and place a $5 wager. If your qualifying bet wins, FanDuel will credit your account with $200 in bonus bets to use on future wagers.

  • Minimum deposit: $5
  • Minimum wager: $5 (must win to unlock bonus)
  • Bonus bet expiration: Seven days

New FanDuel Features For 2025 March Madness

FanDuel Sportsbook is changing the March Madness experience for the better with two product enhancements. 

Bet Your Bracket – Multi-Round Parlays

FanDuel is allowing users to build parlays that span multiple rounds of the tournament. Instead of just betting on individual games, you can now stack tournament predictions into a single wager.

How it works:

  • Select teams to advance to the Sweet 16, Elite Eight, Final Four, or win their region — all in one parlay.
  • Combine multiple rounds of picks on a single betslip.
  • Available only at FanDuel, making it the only sportsbook where you can build parlays across tournament rounds.

Bet Back Token — Get Your Wager Back In Bonus Bets

The “bet back” token allows bettors to get a refund in bonus bets if they place a wager that doesn’t go as planned.

How it works:

  • If your bet looks like it’s losing — due to an injury to a key player, a bad start, or a major deficit — you can activate the bet back token.
  • You will immediately receive a refund of your original wager amount in bonus bets up to the maximum refund limit.
  • Available for all college basketball games starting March 17, 2025.

How To Claim The FanDuel March Madness Promo

Follow these steps to claim FanDuel’s $200 March Madness bonus and also try out the new betting enhancements:

  1. Click this link to visit FanDuel Sportsbook.
  2. Select “Join Now” and complete the registration process with your personal details.
  3. Deposit at least $5 into your FanDuel account.
  4. Place a $5 wager on any college basketball game. If it wins, you’ll receive $200 in bonus bets.
  5. Use the “bet your bracket” feature to build multi-round parlays once the tournament bracket is set.
  6. Activate the bet back token if you need a refund on a bet that’s going south.

March Madness Round 1 Best Bets

Georgia +215 and Vanderbilt +140

Here are two solid moneyline bets with plus odds for your first-round NCAA Tournament betting. First is Georgia to upset Gonzaga in the first round, and we think a big reason why is freshman Asa Newell. He has come on strong for the Bulldogs, scoring 15+ points in five of his last seven games. He can dominate the post but also can hit outside shots. He draws a lot of attention, which should also lead to Georgia’s guards getting some open looks.

The other first-round bet comes on Friday when Vanderbilt faces Saint Mary’s. The Gaels have one of the slowest tempos in the country, while Vanderbilt is in the top 70. The Commodores have a lot of firepower, and it feels as if all it will take is one run where the pace picks up, and they should be able to take control against Saint Mary’s. 

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