Illinois March Madness Sportsbook Promos: Here Are The Best Betting Deals In IL

Written By Joe Boozell on March 15, 2021
march madness betting promos

The 2021 NCAA Tournament officially begins on Thursday with the First Four, and the full action commences Friday.

It’s the first time you can legally wager on March Madness in Illinois, and IL sportsbooks are rising to the occasion.

Unfortunately, Illinoisans can’t bet on Illinois or Loyola-Chicago due to state rules.

However, every other game should be playable. Here are some of the best promotions and offers from Illinois sportsbooks.

Please note, we’ll continue to update this as more roll in.

Illinois March Madness sportsbook promos


DraftKings, the Illinois market leader, is giving new users the chance to bet $4 to win $256 for the tournament.

The offer is available for first-time DraftKings depositors. You must deposit at least $5 into your account.

From there, you can bet on any lower-seeded team to win the moneyline. If they cash, you’ll turn that $4 into $256.

For example, you can choose a 9-seed to beat an 8-seed or a 10-seed to top a 7-seed.

This promotion is available through the end of the games on Saturday, meaning that all First Four and Round of 64 matchups are eligible.

The offer excludes live bets, parlays, bonus bets, cash out bets and voided bets.

$1,000 First Bet
On Caesars
Caesars Sportsbook Review
  • Up to $1,000 Back as a Bonus Bet if Your Bet Loses
  • Stream NFL Games In-App for Free
  • 21+ Gambling problem? Call 1-800-GAMBLER 
  • Use Promo Code: PLAYIL1000
Up to $1,500
In Bonus Bets
BetMGM Sportsbook Review
  • Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win*
  • *Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms. 21+. Gambling Problem? Call 1-800-GAMBLER
  • Use Bonus Code: PLAYIL
Bet $5
Get $200
If Your Bet Wins
FanDuel Sportsbook Review
  • Bet $5 Get $200 in Bonus Bets if Your Bet Wins
  • PLUS a Daily Boost or Bonus All Summer
  • Gambling Problem? Call 1-800-GAMBLER. 21+ 
  • To Claim: Click Play Now
Up to $1,200 Bonus
New User Bonus. T&Cs Apply
DraftKings Sportsbook Review
  • Bet & Get up to $150 Instantly!
  • PLUS up to $1,000 Deposit Bonus
  • PLUS $50 Bonus Bet on Deposit
  • Gambling Problem? Call 1-800-GAMBLER 
$500 Bonus
2nd Chance Bet
BetRivers Sportsbook Review
  • Up To $500 in Bet Credits
  • ONLY 1x Play Through!
  • 21+. Gambling Problem? Call 1-800-GAMBLER 
  • Use Exclusive Affiliate Code: PLAYIL


FanDuel is offering its signature “Spread The Love” deal for the Michigan State vs. UCLA First Four matchup on Thursday.

Here’s how it works: New and existing users can bet Michigan State on the spread. For every 2,500 people who bet on the Spartans, FanDuel will move the spread one point in UCLA’s favor, creating an advantageous situation for the bettor.

The maximum bet is $50 at -110 odds, which would be a payout of $45.45.

And the spread is already on the move. Without this promotion, Michigan State is currently favored by 1.5 over UCLA.

But as of Monday morning, Michigan State is already a 20.5-point underdog thanks to the promotion. We’d expect that number to go even higher before Thursday’s tipoff once more people become aware of the offer.


PointsBet is offering a March Madness “Let It Rip” promotion featuring former Detroit Piston and Chicago Bull Richard “Rip” Hamilton.

It is possible to earn $1,999 in bonus bets by betting on games through the end of Monday games.

We should note that you’d need to bet quite a bit in order to unlock the full $1,999 in bonus bets. Always bet responsibly, and don’t bet more than you can afford to lose.

The Let It Rip promotion features a tiered reward system. So, for instance, if you bet a total of $100 on games between Thursday and Monday, you will unlock $50 in bonus bets.

Bet $500 total, and you will unlock $100 in bonus bets. And so on.


BetRivers’ March Madness offers are pretty straightforward.

New and existing users can get one 50% matched bonus bet on any team to win the national championship. The maximum bonus bet would be $50.

BetRivers Sportsbook is also offering a 20% profit boost for any live bet for the First Four games.

Illinoisans may miss out on betting March Madness IL showdown

Illinois is a 1-seed in the NCAA Tournament, while Loyola-Chicago is an 8-seed.

In the same region. That’s right: The Fighting Illini and the Ramblers could square off in the Round of 32 in an all-Illinois matchup.

Unfortunately, Illinoisans wouldn’t be able to legally bet on the matchup, though they could if they were in Indiana or Iowa.

Fortunately, there are plenty of other enticing games to wager on. It’s great to have March Madness back.

Photo by Jeff Roberson / AP
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Joe Boozell

Joe Boozell has also been a college sports writer for since 2015. His work has also appeared in Bleacher Report, and Growing up, Boozell squared off against both Anthony Davis and Frank Kaminsky in the Chicagoland basketball scene ... you can imagine how that went.

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