The BetMGM March Madness bonus code is LSR50 for all states except Massachusetts, where the BetMGM MA bonus code is PLAY1000. You can also choose to instead claim a bet $10 get $200 bonus on college basketball using the BetMGM promo link here. No code is required for this offer, but this will replace the $1,050 first bet promo.

$1,050 BONUS

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BetMGM Exclusive $50 Bonus after First Bet

$1,000 Paid Back in Bonus Bets

March Matchups Special – See BETMGM Review

Use Bonus Code: LSR50

March Madness is on now, with the Round of 32 taking place this weekend as teams seek to claim a place in the Sweet Sixteen. BetMGM Sportsbook has odds on the action, with options for each matchup plus futures on the tournament results. On top of that, BetMGM has a welcome bonus available in each state where the sportsbook operates. You can claim the bonus by signing up using the code below.

BetMGM bonus code for March Madness

The BetMGM welcome bonus is a first bet bonus, good for up to $1,000 in bonus bets if your first bet at the online sportsbook loses and a $50 bonus bet. To activate the bonus, use the BetMGM bonus code LSR50 when you create your account.

If your first bet at BetMGM wins, you receive just your normal payout. However, if your first bet loses, the sportsbook will issue you a refund in the form of a bonus bet equal to your original wager, up to a maximum of $1,000. If your losing first wager is for $50 or more, the refund will take the form of five bonus bets, each equal to 20% of the bet. For example, if your first bet was for $200 and it lost, you would receive five bonus bets of $40 each.

BetMGM bonus bets are not eligible for withdrawal, and you have seven days to wager them before they expire. If you win a wager that you placed using a bonus bet, the payout does not include the amount of the bet.

To sign up at BetMGM, you must be located in a state where the online sportsbook is legal and of legal betting age in that state. As of March 10, BetMGM is legal and available in Massachusetts.

March Madness at BetMGM Sportsbook

This year’s NCAA men’s basketball tournament began March 14, and it will run until the April 3 national championship game at NRG Stadium in Houston. The Round of 32 takes place this weekend, March 18 and 19, with the teams left standing moving on to play in the Sweet Sixteen on March 23 and 24.

BetMGM has odds on all of the March Madness games coming up this weekend, including moneylines, point spreads, totals, one-game parlays and game props (though exact betting options may vary by state). You can also bet on which teams will make particular rounds of the tournament, like the Elite Eight or the Final Four, or on which state or conference the winning team will come from.

BetMGM’s favorites to win the tournament outright are the Houston Cougars (+550), Kansas Jayhawks (+800), and Alabama Crimson Tide (+800).

How to sign up at BetMGM Sportsbook

Follow these steps to sign up for an account and claim the welcome bonus at BetMGM:

  • Go to the BetMGM site and click on “Register.” Fill out the registration form with your details and enter the BetMGM bonus code LSR50.
  • Select a payment method and add money to your account.
  • Place your first bet at BetMGM Sportsbook. If it loses, you’ll receive a refund in the form of bonus bets (maximum $1,000; see details above).

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