Indiana Sportsbooks Reveal New Deals For March Madness Betting

Posted on March 15, 2023 - Last Updated on March 20, 2024

March Madness is here, and Indiana’s sportsbooks are releasing new deals to celebrate the occasion. This is a big year for college basketball fans in the state since both IU and Purdue are in the tournament mix.

There are plenty of Indiana sports betting options for the tournament, regardless of which team you’re rooting for. These special March Madness deals help sweeten the pot for Hoosier bettors.

DraftKings March Madness sign-up deal

March Madness betting is an exciting time of the year. College hoops fans have tons of exciting options at their fingertips.

DraftKings has a promotion available that’s perfect for use on this year’s tournament. This offer is for new customers only, so you’ll have to sit this one out if you already have a DraftKings account.

The sportsbook’s “Bet $5+ And Get $200” deal is exactly what it sounds like.

All you have to do to get started is to sign up for DraftKings Sportsbook Indiana. After your account is set up, deposit at least $5 and bet that money on any March Madness game.

Once you do, DraftKings will credit you with $200 worth of site credit. That money will hit your account as eight $25 bonus bets.

That makes this a killer deal for new bettors who haven’t tried DraftKings. The potential return on your $5 investment is a solid opportunity.

Plus, you can use all those bonus bets to keep betting on March Madness games throughout the tournament. If this deal sounds like it’s a good fit, then click the link below to get started.

FanDuel Bet The Bracket No Sweat

The new March Madness deal from FanDuel Indiana is perfect for Hoosiers who love longshot parlay betting. This promo is available for all customers, regardless of whether you already have a FanDuel account.

In a nutshell, the company’s “Bet The Bracket No Sweat” deal acts as a type of March Madness insurance.

If you place a $1 parlay bet with at least three legs, and exactly one of those legs loses, then FanDuel will refund your money with a bonus bet.

To qualify for this deal, your parlay must have odds of at least +400. In other words, a +800 parlay would make the cut, but a +100 bet wouldn’t.

The idea here is to try and turn your $1 into a bigger pile of cash by placing a longshot bet with higher odds.

Parlay betting is very tough to succeed at, especially when using longer odds like the ones in this promotion.

However, since you’re only betting $1 in this case, there isn’t much risk involved. That could be enough to entice some college basketball fans in Indiana.

BetMGM Indiana March Madness promo

Feeling confident in your bracket this year? BetMGM has the perfect March Madness deal for you.

The sportsbook’s new promotion offers a $20 bonus bet for Hoosiers who can predict which team will make it close to the finish line.

Of course, you’ll have to sign up for BetMGM Sportsbook Indiana to use this deal if you haven’t already. Claiming the promo is incredibly simple once you have an account.

Find the deal under the “Promotions” section of the BetMGM website or app, and click “Opt In.”

After that, place a $50 bet on any team to win the 2023 March Madness tournament, and BetMGM will reward you with a $20 bonus bet if your team makes it to the semifinal round.

You don’t even have to win your bet to claim the bonus, which makes this a great value if you were already planning to place a bet on the tournament’s winner.

Plenty of fans in Indiana will be betting on Purdue this year, so if you like the Boilermakers’ chances, then this deal could be a good match for you.

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Photo by AP Photo / Aaron Doster
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Jake Garza

Jake Garza is a US Gambling Industry Analyst for Catena Media. He specializes in Midwest sports betting and casino content. Prior to covering the legal gambling industry, he spent time as a professional sports writer, reporting on teams such as the Cincinnati Bengals, Indianapolis Colts and Indiana Pacers. Garza is currently working as a Managing Editor for PlayIndiana and PlayOhio, with previous stops at other well-known brands such as PlayIllinois and PlayMichigan. He has been covering the gambling industry since 2019, and currently works with a team of other journalists to provide comprehensive coverage of the legal U.S. gambling industry.

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