March Madness Contest 2023

March Madness 2023 Online Contest $250,00 2023 March Madness Contest

The $250,000 Bracket Madness Contest will be available for pre-purchase of entries from Monday, Feb. 6, 2023, until Thursday, March 16, 2023, at 12:15 pm ET. Any entries purchased after the deadline will be void and ineligible for any prizes. The bracket will open for selections on Sunday, March 12, 2023, at 9 pm ET and close on Thursday, March 16, 2023, at 12:30 pm ET. The Contest will commence with the First Round of the 2023 Men’s NCAA Basketball Tournament on Thursday, March 16, 2023. To be eligible for prizes, all entries must be fully completed before the submission deadline at 12:30 pm ET on Thursday, March 16, 2023.

March Madness Contest Rules

The contest rules state that the entries are available for purchase online, and each contestant can enter the $250,000 Bracket Madness Contest up to 20 times, with a discount for every additional entry purchased. The price for the first entry is $25, the second entry is $20, the third entry is $15, the fourth to tenth entries are $10 each, and the eleventh to twentieth entries are $5 each. All entries must be purchased with real cash funds and will be deducted from the BetOnline Sportsbook balance. All sales are final, and refunds will only be provided if the 2023 NCAA Men’s Basketball Tournament is canceled.

The registration for the contests is only available online, and contestants can buy two entries for the $250,000 Madness Bracket contest and receive a $10 Sportsbook Free Play reward from Wednesday, Feb. 8, 2023, to Monday, Feb. 27, 2023. There is a maximum of one Free Play reward for this promotion, and the reward will be credited within 96 hours of purchasing the second entry. There is a 3x (three-time) rollover associated with the Free Play reward before it is eligible for withdrawal. BetOnline reserves the right to modify or discontinue this promotion at its discretion.

To participate in the $250,000 Bracket Madness Contest, each participant must purchase at least one entry. After purchasing entries, players can view and edit their entries in the “My Brackets” section. Participants must pick the winners of all 63 games in the 2023 NCAA Division 1 Men’s Basketball Tournament, starting with the First Round, and points will be awarded for each correct pick. If a team withdraws from the tournament before Thursday, March 16, that team will be removed from the bracket, and the selected replacement team will be inserted. If you wish to change your selections, you may do so at any time before the bracket submission deadline at 12:30 pm ET on Thursday, March 16, 2023. In the unlikely event of forfeits, the forfeiting team will be graded as a loss.

The point system for the contest is as follows: 1 point for every correct selection in the First Round, 2 points for every correct selection in the Second Round, 4 points for every correct selection in the Sweet 16, 8 points for every correct selection in the Elite 8, 16 points for every correct selection in the Final Four, and 32 points for picking the winner of the Championship Game.

March Madness Contest Payout Structure

The $250,000 Guaranteed Prize Pool will be awarded to the top 1,000 contestants, with the first-place winner receiving $75,000. The payout breakdown is as follows:

1st Place $75,000 2nd Place $30,000 3rd Place $15,000 4th Place $7,500 5th Place $5, Welcome Bonus Offers

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