FanDuel New User Promo: Bet $5, Get $200 in Bonus Bets

Bet $5, Get $200
In Bonus Bets
4.8
Overall
Bonuses & Promos
4.6
Banking
4.9
Odds
4.7
Same-game parlay options
5.0
Mobile app
4.8
Live betting
4.8
Welcome Bonus
Banking Options
Strong App

If you’re into sports betting, there’s a good chance you’ve already heard of FanDuel Sportsbook. It’s considered one of the best sportsbooks on the market. To make things better, FanDuel has a great welcome bonus that you can access today.

The FanDuel new user bonus offers all new signups $200 bonus bets. All you have to do is create an account and win a bet of at least $5 for a chance to earn the bonus bets. For more information on how to activate the FanDuel welcome bonus and make the most of this offer, keep reading.

Best FanDuel Promo Code This Week

FanDuel has an exciting promotion for all first-time users. The Bet $5, Get $200 in 

Bonus Bets deal is simple. As the name suggests, all you have to do is place and win a first bet of at least $5. If the bet wins, you will automatically receive $200 in bonus bet credits. You can use bonus bet credits on any sport of your choosing, and any winnings earned from the bonus credits will appear in your balance as cash.

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FanDuel Promo Code Details

FanDuel Promo CodeClick to claim $200 promo
OfferBet $5, Get $200 in bonus bets
Minimum deposit$10
Payment optionsCredit card, debit card, online banking, wire transfer, Apple Pay, Venmo, PayPal, PayNearMe, Cash at counter, FanDuel Prepaid Play+
Eligible statesAZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, MI, NJ, NY, NC, OH, PA, TN, VT, VA, WV & WY
Terms & conditionsBonus credits cannot be withdrawn; they must be used for betting online; bonus bets expire after seven days.

How To Claim the FanDuel Promo Code Sign-Up Offer

Claiming the FanDuel promotion for new users is super easy. In fact, you don’t even need a promo code to activate the sign-up offer. Instead, start by creating a new account on FanDuel Sportsbook. You must be eligible for legal sports betting (21+) in a state where FanDuel is available. See the full list of states above.

Once your account is created and your information is verified, make a first deposit to your FanDuel wallet. Most payment methods process instantly. Just keep in mind that the minimum deposit amount is $10. Now, all you have to do is bet at least $5 on any sport of your choosing. You can choose any bet type you like at any odds. If your bet wins, you will automatically receive an additional $200 in bonus bets courtesy of FanDuel Sportsbook.

FanDuel Promo Code Deep Dive

Before you activate the FanDuel Sportsbook Bet $5, Get $200 new-user promotion, there are a few things to know. The most important catch with this promotion is that you receive the bonus bet credits only if your first bet wins. If you place a first bet and it loses, you won’t get any of the promotional benefits.

This is why it’s important that you place a first bet in which you have total confidence. Even if the wager isn’t particularly fun or exciting, like betting on a clear favorite, you’re better off choosing a sure bet so that you don’t miss out on $200 in site credit. FanDuel hasn’t placed any restrictions on the qualifying odds, so you can pick a heavy favorite to maximize your chances.

Once the bonus bets are added to your wallet, you have up to seven days to apply the credit to any other bets you like. If you win a bet using bonus bets, you will win real money, but you won’t get the stake back.

How Does the FanDuel Promo Code Compare?

SportsbookPromo offer
DraftKingsDraftKings has a Bet $5, Get $150 in Bonus Bets deal that is quite similar to the one offered by FanDuel. With this promotion, however, bettors receive $150 bonus bet credits no matter if their first bet wins or loses.
Caesars Sportsbook PromoThe $1,000 Bonus Bet from Caesars is one of the highest-value promos out there. This works as a first-bet insurance. Bet any amount up to $1,000, and if the bet loses, you will get matching bonus bets.
BetMGM BonusBetMGM tries to one-up Caesars with up to $1,500 in bonus bets paid back if your first bet loses. That said, just because the insurance cap is high doesn’t mean you should bet the entire amount.
Bet365Bet365 allows new users to choose their welcome bonus. New bettors can either opt for a Bet $5, Get $150 deal or a first bet insurance of up to $1,000. You can pick whichever promo suits your style the most.
Fanatics SportsbookOn Fanatics Sportsbook, you can earn up to $1,000 in bonus bets. Bet up to $200 each day for 5 days and receive bonus bets equal to your wager. If you bet the maximum amount, you’ll get $1,000 in bonuses total. Make sure to use the Fanatics sportsbook promos to maximize your rewards.
ESPN BETESPN BET offers yet another first-bet insurance promotion up to $1,000. If your first bet loses, you’ll be refunded up to the maximum amount of $1,000 in the form of bonus bets. The minimum bet amount is $10.

Is FanDuel a Good Place To Bet?

FanDuel Sportsbook is one of the most popular sports betting sites in the country for many reasons. One of our favorite FanDuel features is its excellent user interface. Whether you are betting from the FanDuel mobile app or website, the interface ensures a seamless user experience. It’s easy to find all of your favorite sports, place bets, and manage your betslip. FanDuel software runs reliably, so you don’t run into disruptions while using the sportsbook. Even live betting works perfectly as long as you have a strong internet connection.

No matter which sports you follow, FanDuel has you covered. All of the most popular sports are here, including professional football, basketball, baseball, hockey, golf, soccer, and more. If you’re into niche sports, no stress. On FanDuel, you can bet on anything from darts to horse racing. Don’t forget to check out the promotions page for frequently updated and event-specific daily bonuses.

There’s so much to FanDuel that a few paragraphs can’t cover it all. For a more comprehensive look at what FanDuel Sportsbook has to offer, go ahead and read our full FanDuel Sportsbook review. Here, you’ll become familiar with all the most important FanDuel features before signing up. By the time you make your FanDuel account, you will have all the information you need to be a successful FanDuel bettor.

Other Promotions at FanDuel

In addition to the Bet $5, Get $200 bonus for new users, there are many ongoing promotions at FanDuel. The great thing about these promos is that they are available to all bettors, no matter how long your FanDuel account has been active. Here are some of the most popular ongoing deals.

Profit Boost

FanDuel Profit Boosts are one of the easiest ways to earn a little extra when betting on this sportsbook. FanDuel frequently chooses specific upcoming games and events to apply a Profit Boost. The increase in profit can range from 30% to 50%.

Parlay Profit Boost

If you are a fan of parlay betting, Parlay Profit Boost promos on FanDuel are for you. This promotion works the same way as the other Profit Boosts, but this time for parlay bets on a specific game. Bet carefully, and you could earn up to 50% more from a single parlay.

Final FanDuel Promo Code Thoughts

The FanDuel Bet $5, Get $200 promotion is a great way for new users to gain a little extra betting credit upon creating a new account. The bonus is super easy to activate, with no code required. Simply bet at least $5, and if your first bet wins, you’ll earn $200 back.

The one downside with this promo is that your first bet must win to unlock the bonus amount. Other sportsbooks offer win-or-lose bonuses in this style. Still, FanDuel puts no restrictions on your first bet that would make it difficult to win, so as long as you bet carefully, you’ll be able to enjoy $150 in site credit to start your FanDuel betting career.

About the Author
Brian Spaen

Brian Spaen

News Managing Editor
Brian Spaen was the news managing editor of Gaming Today. He has been a content writer and editor in various industries, including sports betting, environmental technology, and higher education. Brian is a graduate of Iowa State University and currently resides in Des Moines, Iowa.

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