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Bet $5 Get $200 Last verified on July 17, 2024 Gambling problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelporg (MD). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY). 21+ (18+ D.C) and present in select states. All Customer Offer: Opt in req. Wager requirements apply. Bonuses awarded as nonwithdrawable bonus bets that expire 7 days after receipt. Restrictions apply. See terms and conditions for all offers at fanduel.com/sportsbook. Gambling problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, D.C., IA, KS (in affiliation with Kansas Star Casino), KY, LA, MI, NC, NJ, OH, PA, IL, TN, VA, VT, WY), 1-800-NExT STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), or visit www.1800gambler.net (WV).
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The FanDuel bonus looks like many others at first glance, but a closer look reveals it is 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

  • Promo code: None needed
  • Eligible States: AZ, CO, CT, DC, IA, IN, IL, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY
  • Bonus amount: $200
  • Rollover requirement: 1x on site credit

FanDuel Sportsbook offers $200 in bonus bets to new customers who sign up, place their first wager of at least $5 on any sport and win. New users who place a first wager that doesn’t win receive nothing.

FanDuel awards the promotional funds as divisible bonus bets that customers can break up and use however they want. Online sportsbooks usually issue bonus bets that customers must “risk” all in one shot.

As a result, the FanDuel Sportsbook bonus is one of the best of its kind.

FanDuel Sportsbook Bonus Pros

1. Divisible bonuses are better than “single shot” bonus bets

First bet offers typically force customers to use their bonus bets all at once. Putting all of one’s eggs in any basket is a risky proposition that may make some bettors uncomfortable.

In contrast, the FanDuel bonus bet gives bettors complete freedom to use it how they like. If they want to wager $5 at a time, they can. Or if they prefer to stack a few $20 parlays and then take a $100 shot on an appealing odds boost, that’s an option too. In terms of flexibility, the sky’s the limit.

And to top it off, FanDuel customers only have to roll over their site credit 1x to convert it to withdrawable cash.

2. Minimal fine print

FanDuel Sportsbook doesn’t bog down its signup bonus with lengthy terms and confusing restrictions.

The main caveats are that the refund offer only applies to each customer’s first real-money wager, and they must use site credit within seven days of receipt.

FanDuel Sportsbook Bonus Cons

The most significant negative point of FanDuel’s welcome offer is one that applies to many first bet offers and promotions: if your first bet loses, you receive nothing.

As such, bonus betting encourages bettors to adjust their strategy. Ideally, bettors want to maximize their chance of winning a bonus bet without sacrificing expected value, and the way to do that is to put their bonus bets on intelligent long shots.

Consider this: If you wager on a standard -110 line, you have a 50% chance of winning and a 50% chance of losing (but winning a bonus bet). Compare that to betting on a +300 dog, where you only have a 25% chance of winning and a 75% chance of receiving a bonus bet.

Assuming the expected value for both wagers is roughly the same (and it typically is), you’re far better off taking a shot on an underdog. If it hits, you won’t get to enjoy a refund, but you will have locked in a nice profit.

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

FanDuel Deposit Options

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  • Massachusetts Massachusetts
  • Michigan Michigan
  • New Jersey New Jersey
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  • Pennsylvania Pennsylvania
  • Tennessee Tennessee
  • Virginia Virginia
  • West Virginia West Virginia
  • Wyoming Wyoming
  • FanDuel Bet $5 Get $200