The $250,000 Bracket Madness Contest is Back for March Madness 2023
| It is getting to be that time of year. March Madness is right around the corner and the BetOnline $250K Bracket Madness Contest is back again for 2023. This is one of the most fun contests at any sportsbook in the world, and it can’t hurt that it is being hosted by one of the top rated online sportsbooks in the world. Get a $10 Free Play when you purchase your first 2 entries to our $250,000 Bracket Madness Contest. It’s only $25 to play in the most lucrative Bracket Contest you can find online, with up to 20 total entries available. Compete for $250,000 in cash prizes, including a $75,000 Grand Prize. The top 1,000 players all win cash. Take advantage of our Early Bird offer and score a $10 Free Play when you purchase your first 2 entries. |
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$250K Bracket Madness Contest
The $250,000 Bracket Madness Contest opened for pre-purchase of entries Monday, Feb. 6, 2023 and officially closes Thursday, March 16, 2023 at 12:15pm ET. All entries purchased after that point will be considered void and will not be eligible for any of the prizes. The bracket officially opened for selections on Sunday, March 12, 2023 at 9pm ET and closes on Thursday, March 16, 2023 at 12:30pm ET.
The Contest begins with the First Round of the 2023 Men’s NCAA Basketball Tournament on Thursday, March 16, 2023. Once you submit your selections, you can change your picks at any time until the bracket submission deadline at 12:30pm ET on Thursday, March 16, 2023. If your bracket is not completed or fully filled out by 12:30pm ET on Thursday, March 16, 2023. your entry will be void and eliminated from the contest.
Round Dates: First Round (March 16-17), Second Round (March 18-19) Sweet 16 (March 23-24), Elite 8 (March 25 & 26), Final Four (April 1) and Championship (April 3).
Only fully completed brackets qualify for the contest prizes. Entries are available only for purchase online and cannot be purchased by phone or live chat. House rules and regulations apply. We reserve the right to amend the contest, prizes and terms at any time. Winners will be notified by Email and posted on a Leaderboard. It is the sole responsibility of the entrant to keep their account information up-to-date and accurate.
Purchasing Entries for the March Madness Contest
Contestants can enter the $250,000 Bracket Madness Contest up to 20 times and will receive a discount on every additional entry purchased.
| 1st Entry: | $25 |
| 2nd Entry: | $20 |
| 3rd Entry: | $15 |
| 4th to 10th Entry: | $10 each |
| 11th to 20th Entry: | $5 each |
Entries may only be purchased with real cash funds. All entry purchases will be deducted from your BetOnline Sportsbook balance. If you do not purchase all 20 entries, you can come back and purchase more entries at any time until the deadline – Thursday, March 16, 2023 at 12:15 pm (ET). Registration for the contests is only available online. You cannot register via phone, chat or email. All sales are final. Refunds are only offered if the 2023 NCAA Men’s Basketball Tournament is cancelled.
Buy 2, Get $10 Special
For a limited time, from Wednesday, Feb. 8, 2023 to Monday, Feb. 27, 2023, each player that advance purchases 2 entries into the $250,000 Madness Bracket contest will receive a $10 Sportsbook Free Play reward. There is a maximum of one Free Play reward for this promotion. Free Play reward will be credited within 96 hours of buying your second entry into the contest. 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.
How to Play
Participants must purchase at least one entry to participate in the $250,000 Bracket Madness Contest. 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, beginning with the First Round. Points will be awarded for each correct pick.
If a team withdraws from the tournament prior to 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 prior to the bracket submission deadline at 12:30pm ET on Thursday, March 16, 2023. Once the tournament begins, in the unlikely case that there are forfeits, the team that forfeits will be graded as a loss.
Point System
- 1 point for every correct selection in the 1st Round
- 2 points for every correct selection in the 2nd 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
- 32 points for picking the winner of the Championship Game
$250,000 Guaranteed Prize Pool
The Top 1,000 will win a piece of the $250,000 cash prize pool; the payout breakdown is as follows:
| 1st Place | $75,000 |
| 2nd Place | $30,000 |
| 3rd Place | $15,000 |
| 4th Place | $7,500 |
| 5th Place | $5,000 |
| 6th Place | $3,500 |
| 7th Place | $2,500 |
| 8th Place | $2,000 |
| 9th Place | $1,500 |
| 10th Place | $1,000 |
In the event that the tie-breaker is necessary, participants will be ranked based on having the closest answer to the Total Points Scored in the Championship Game. If various participants remain in a tie after the tie-breaker, the winnings will be split along with the next lowest prize. Example: If two contestants tie for first with 160 points, they will split the 1st and 2nd Place prizes; the participant with the next highest point total will win the 3rd Place prize.
Winnings are awarded as cash with no rollover requirements.Winnings are awarded as cash with no rollover requirements. Winnings will be deposited into player accounts within 72 hours after the completion of the 2023 NCAA Men’s Championship Basketball game taking place on Monday, April 3, 2023. Winnings are non-transferable.
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