Congrats are in order for former Playboy model Holly Madison -- the blonde bombshell gave birth to her first child on Tuesday, March 5.

Madison, 33, and boyfriend Pasquale Rotella, 38, welcomed a healthy 7-pound daughter at around noon, and 'The Girls Next Door' star told InTouch, "We haven't yet decided on a name for her but we couldn't be any more overjoyed than at this moment."

"I've never been more in love than I am today as, after months of waiting, I finally was able to hold my daughter for the first time," Pasquale added. "I'm truly the luckiest man in the world."

Oh he says that now. Wait til he finds out what Holly's plans are for her placenta.