It’s March Madness, baby, and brackets are all the rage.
Countless basketball fanatics fill out brackets for fun each year, but why not have a chance to win cash prizes along with those predictions?
Two Tennessee sportsbooks are filling that void with free March Madness brackets for users.
BetMGM’s $2 million free bracket contest
At BetMGM, players can win $2 million by constructing a perfect bracket in the $2 Million Bracket Challenge.
If two or more players log a perfect bracket, the $2 million sum will be divided evenly among the winners.
Having a few bracket blemishes isn’t necessarily a deal breaker, though. Those with the most correct picks at the end of the tournament will go home with a guaranteed top prize of $100,000.
Winners are based on a point system where points are awarded for each correct tournament selection from March 19 to April 5.
The promotion is open to new and existing customers.
If you’re new to BetMGM, the sportsbook is offering first-time customers a risk-free bet up to $600.
Here’s how it works:
- First, sign up at BetMGM
- Make your first deposit
- Place your first bet
The amount of your risk-free bet depends on the amount of your first wager.
If you lay $100 down on the moneyline that Tennessee will beat Oregon State in the first round of the NCAA tournament, but Oregon State gets the upset, you’ll get the $100 back.
DraftKings doubles down on Tennessee March Madness brackets
DraftKings offers not just one but two free bracket contests to explore.
Free $1 Million March Mania Survival Pool
DraftKing’s first pool has $1 million up for grabs and strays from the standard March Madness bracket.
Players don’t have to select the correct winner of every single game in this pool. Rather, players must select a single team to win during each day of the tournament.
A contestant can only move forward by selecting a winning pick. Moreover, players can only select a team one time during the tournament.
This is where the tricky part comes into play. If a contestant is no longer able to make a pick at any time during the contest, the entry is eliminated.
The last person remaining by the end of the contest will walk away with $1 million. If multiple survivors remain, DraftKings will divide the sum.
Free $50K Bracket: Yuengling March Mania Battle Contest
DraftKing’s second option is more of a straightforward bracket competition.
Contestants pick the winners across all 63 games with points awarded for correct picks. The contest awards zero points for unpicked and incorrect games, and one point for each correct pick.
Payouts are as follows:
- Entries per player: 1
- Total prize pool: $50,000
- Places paid: 7,755
- First: $5,000
- 2nd-3rd: $1,000
Pool participants can also opt into the $10K Upset Sweepstakes, which gives them the opportunity to win $10,000 for every upset that takes place in the first two rounds.
FanDuel replaces free bracket pool with $1 million bet contest
BetMGM and DraftKings aren’t the only two sportsbooks getting in on the March Madness action.
Instead of a $1 million free bracket contest, FanDuel has a different approach this year. For every bet placed on an eligible NCAA Tournament game, players will be entered into a contest for a chance to win $1 million.
First-time depositors opting in to this promotion will also be gifted with a $1,000 free bet.
Now that sports betting is legal, Tennessee bettors can get a little more bang out of every buck wagered during March Madness.