FanDuel Sportsbook welcomes new customers with an attractive offer: get $250 in bonus bets if your first bet of $5+ wins.
The FanDuel Sportsbook bonus is a straightforward offer, but it’s a clear step above average. As the industry’s market share leader, FanDuel suffers no shortage of resources to invest in bonuses and promotions – and nowhere is that clearer than in its welcome offer.
FanDuel entered the US sports betting market with widespread brand recognition due to its prior daily fantasy operations, but that is not the only thing FanDuel has done well.
Effective marketing campaigns, a customer-friendly deposit bonus, and frequent promotions have contributed to FanDuel cementing its position as the industry leader.
FanDuel Sportsbook Promo Code
- FanDuel Promo Code: None needed
FanDuel Sportsbook offers new customers $250 in bonus bets when they sign up and place a winning first wager, with no promo code necessary. Here’s how to claim the offer:
- Visit FanDuel.com to sign up for an account
- Deposit at least $5.00
- Place a first wager of at least $5.00 (any sport, any odds)
If your qualifying wager wins within 72 hours of placing it, you’ll receive $250 in bonus bets.
FanDuel Sportsbook Bonus Pros
The FanDuel Sportsbook bonus has two primary strong points:
First, it requires little upfront risk. Placing a $5 bet for a chance to win $250 in bonus bets is a good deal. Plus, you can select a wager at any odds on any sport.
Second, FanDuel Sportsbook bonus bets are divisible.
In other words, bettors do not have to use their bonus bets on a single wager. Bettors can break up bonus bets into as many bite-sized pieces as they want.
Most online betting bonuses still require customers to use their bonus bets in one big chunk. That means if you receive a $500 refund from a competing offer, you’ll have to use the entire bonus amount on a single wager.
FanDuel Bonus Cons
Although the FanDuel bonus is better than most, it’s not perfect.
First, bonus bets expire in seven days. If you don’t use your bonus bets within seven days, FanDuel will remove them from your account.
It’s nice that bettors can break up their FanDuel bonus bets into as many wagers as they wish, but the one-week expiration date limits how selective bettors can be when using them.
Second, customers only receive the net winnings when they use bonus bets to place wagers. The original stake is not included in the return.
For example, a bettor who uses $100 in bonus bets to wager on a -200 favorite and wins would only receive $50 in withdrawable cash. A bettor who places that same bet using cash would receive $150 because it would include the return of the original stake.
Ranking the FanDuel Welcome Offer
The FanDuel bonus bets offer is among the best in the industry, and it’s the decisive winner for small stakes bettors.
The low upfront risk contrasted against the relatively large bonus amount makes it an obvious choice for anyone who wants to test the waters without committing to a large deposit. And even for higher-stakes bettors, it’s hard to beat the value this bonus offers.
Other FanDuel Promotions
FanDuel’s promotional lineup varies throughout the season, often reflecting the main in-season sports.
Below are two examples of recent FanDuel promotions:
- Multi-Sport Parlay Insurance: Place a 4+ leg parlay on any combination of sports, and if you hit every leg except one, FanDuel will give you back up to $25 in site credit
- Daily Odds Boost: FanDuel selects a handful of wagers to give them an enhanced payout for that day. For example, FanDuel might boost the odds on one bet from +300 to +400, another wager from +500 to +600, and yet another from +125 to +150
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Wes Burns co-founded BettingBonuses.com to help bettors clearly understand offers and promotions at legal online sportsbooks and betting sites. Wes has worked in the regulated online betting industry since 2008.