FanDuel Promo Code: Bet $5, Get $150 Bonus Offer

FanDuel promo code offers are among the best in sports betting, with new users able to Bet $5 and Get $150 in Bonus Bets if their first wager wins. The best part? No promo code is required - the offer auto-applies when you sign up through our links.

Below, we'll show you exactly how to claim FanDuel's welcome offer, explore ongoing promotions, and answer every question about FanDuel bonus bets.

FanDuel Promo: Current Welcome Offer Breakdown

The current FanDuel promo lets you bet $5 and get $150 in bonus bets. However, it’s also bound by several key terms and conditions, which directly impact its value and the ease with which it can be claimed. We’ll explore this promotion in more detail below.

What Is the FanDuel Promo Code Offer?

When you register for an account via the FanDuel app, the welcome bonus will automatically be applied. You’ll simply have to make a qualifying first deposit of $5 or more, while the minimum bet requirement is also fixed at $5. This creates an accessible promo that doesn’t require a huge financial commitment.

Another key advantage of this bonus is that you won’t be bound by minimum odds requirements. This means that your qualifying bet can be staked at standard odds of -10,000 or shorter, unlocking outcomes with an implied probability value of up to 99.0%.

This is crucial to the appeal of the FanDuel promotion, which requires your qualifying bet to be settled as a win if you’re to claim the bonus bet. By targeting outcomes with low odds and a high win probability, you can maximise your chances of banking the bonus bets while also earning a nominal profit.

The $150 bonus bets are valid for seven days after issuance and don’t have to be used in a single lump sum. They can also be deployed at any standard odds.

How Does This Compare to Other Sportsbooks?

Overall, FanDuel’s current welcome bonus has the fewest barriers to entry in the marketplace. This includes the low minimum deposit and bet limits, alongside the fact that you can wager at incredibly short odds to maximize your chance of converting the bonus. This makes it the best-value offer for casual or inexperienced bettors.

DraftKings is running a similarly conditional offer, which also requires your qualifying bet to be settled as a win. A $5 wager can unlock $200 in bonus bets here, alongside a three-month NBA League Pass. This creates additional cash value and appeal for NBA fans.

However, the DK offer carries a minimum odds requirement of -500. This means that you cannot wager on an outcome that has an implied probability higher than 83.3%, despite the qualifying wager having to win for the bonus to pay out.

Both the BetMGM and Caesars bonuses adopt different structures. The former refunds your stake up to $1,500 if your qualifying wager loses, and offers optimal value to the high rollers among you. Caesars lets you claim 20 separate 100% profit boosts when you bet just $1 as a new customer, maximizing long-term value and your potential profitability.

FanDuel Sign Up Bonus - Complete Guide for New Users

If you do opt to claim the FanDuel sign up bonus, you’ll first need to register for an account via the mobile app on either iOS or Android. Below, we’ll talk you through the process of registering with FD and claiming the welcome offer, while offering some advice on how to wager your qualifying bet.

Step-by-Step - How to Claim the FanDuel Sign Up Bonus

1. Open the App and Claim the Bonus: Open the FanDuel app on your device and hit the Claim button. Remember, the bonus is automatically applied and doesn’t require a FanDuel promo code
2. Enter Your Personal Data: Now, enter your legal name, state, location and date of birth. You’ll also have to provide a verifiable email and password to secure your new account
3. Verify Your Identity: Next, upload copies of your drivers’ license, passport or the last four digits of your SSN. FanDuel will use these documents to verify your identity. They’ll verify your location automatically using geolocation software
4. Make a Deposit: You can now make an initial qualifying deposit of $5 or more. Valid deposit methods include debit card, PayPal and bank transfer
5. Place Your Qualifying Bet: You can now place your qualifying $5 wager at standard odds in any sports betting market. If this bet is settled as a win, the $150 in bonus bets will be added to your account within 72 hours

Smart Strategies for Your First Bet

Your choice of qualifying bet is crucial to your chances of successfully unlocking the FanDuel new user promo. The good news is that there are a couple of strategies that you can deploy when wagering, depending on your outlook and overall appetite for risk. We’ve outlined these in further detail below:

• ✅ Back Heavy Betting Favorites: This is an optimal strategy that maximizes your chances of banking the bonus bets. For example, you could pick the Ravens to beat the Jets in the NFL, at moneyline odds of -950. These odds imply a 90.5% probability of success, while a win will also deliver a nominal profit of $0.53 on a $5 bet. This strategy enables you to leverage the FanDuel bonus terms to your advantage.
• ✅ Select Moderate Favorites: If you have a higher appetite for risk, you could back a more moderate betting favorite at odds of between -150 and -200. This may include picking the Chiefs to beat the Colts outright at -184, which unlocks an implied probability value of 64.8%. This lets you adjust the risk-reward balance slightly, as while your chances of landing the bonus bets are marginally lower, a winning $5 stake will deliver a profit of $2.72.
• ❌ Avoid Long Shots: Due to the FanDuel promo’s settlement rules, we’d recommend that you avoid backing longshots with your qualifying bets. For example, you can back the Vikings to beat the Packers at odds of +245, unlocking a potential profit of $12.25 on a $5 stake. However, this is relatively low when you consider that the wager only has an implied probability of 29.0%. This is a poor strategy when looking to claim and convert the FD bonus.

What Happens After You Get the $150 Bonus?

Once your qualifying wager has been settled as a win, the bonus bets will be added within 72 hours. They’ll also appear in the Rewards section of your account. As we’ve touched on, you aren’t required to use the $150 bonus bets in a single lump sum. Instead, this amount can be split into multiple bets, which have no restrictions in terms of minimum odds or qualifying markets. Regardless of how you deploy your bonus bets, they must be wagered in their entirety within a period of seven days after their issuance. Any bonus bets not staked within this timeframe will be voided and removed from your account. FanDuel won’t return your stake amounts either, so only winnings are withdrawable.

FanDuel New User Promo - How to Claim Your $150

Eligibility is also a key consideration when claiming the FanDuel new user promo. Broadly speaking, you’ll need to be physically present in a state where sports betting is legal and FanDuel is licensed to operate.

Eligibility requirements

• To claim the current FanDuel welcome promo, you must not be an existing customer and should have never had an account before
• You must also be aged 21 years or older (or 18+ in Washington D.C)
• FanDuel will also require you to verify your age (and identity) before you withdraw any winnings. This will require you to provide copies of valid government ID
• You must be physically present in a state where FanDuel is licensed too. The operator will verify your real-time location by using sophisticated geolocation tracking software

FanDuel States Where Promo Is Available

This current welcome bonus is available in all US states where FanDuel is licensed. There are 23 such jurisdictions.

FanDuel will also launch in Missouri when sports betting goes live in the state on December 1st, 2025. However, the brand and its welcome offer remain unavailable in a number of major states, including California, Florida, Texas and Georgia.

Promo Code vs No Code - What's the Difference?

Whether you activate the FanDuel promo code in NY or Ohio, the bonus will be auto-applied when you register for a new account. The operator has recently adopted this model after previously using promo codes, including FANDUEL300 on the last welcome bonus that it ran.

The auto-apply feature at FanDuel is seamless and activated when you click on a link to the bonus (either an affiliate link or directly through the app). This allows for a faster signup, with studies revealing that 92% of new FanDuel customers were able to place their first bet within five minutes of registering.

This also negates the risk of typing errors, which could cause you to miss out on the offer completely. It also prevents you from entering an erroneous code for an alternative bonus offer.

State-Specific Promo Details

Occasionally, the FanDuel promo code and welcome bonus varies between states. The current offer is available in all of the 23 states where FanDuel operates, although there are potential qualifying wager restrictions in certain jurisdictions. Here’s the bonus breakdown for New York and Ohio.

FanDuel Promo Code NY: New York Specific Details

The FanDuel promo code in NY is identical to the national offer. So, you can wager $5 and get $150 in bonus bets if your qualifying pick wins. FanDuel launched in the Big Apple in January, 2022, while it recorded a 38.1% market share here in November 2025. Here are some restrictions to consider in NY:

• Location vs Residency: You must be physically present in New York to access your account and place qualifying wagers. However, residency in the state isn’t a requirement for betting here.
• Geolocation Tracking: To verify your real-time location when betting, FanDuel will use advanced geolocation tracking software. So, you’ll need to ensure that your device’s location services are enabled. Similarly, you’re prohibited from using a VPN to access your account.
• College Betting Restrictions: Although college sports betting is legal in New York, this doesn’t extend to in-state teams. You’re also prohibited from placing college player props in NYC.

FanDuel Promo Code Ohio: How to Claim in OH

The FanDuel promo code in Ohio also lets you bet $5 and bank $150 in bonus bets. Despite only launching in OH in January 2023, FanDuel claimed 34.34% of the state’s betting handle in the first half of 2024, and a huge 45.68% of the total GGR. But what are the key offer restrictions in the Buckeye State?

• College Player Props are Prohibited: As with New York, you cannot place college player props in Ohio. This restriction has been in place since February 2024 and restricts your range of choice when constructing qualifying wagers. However, you can bet on in-state college teams in OH.
• Wager at Retail Locations: Ohio permits both online and retail betting, affording FanDuel a physical presence at Belterra Park in Cincinnati, OH. However, this offers a relatively restricted range of betting markets and promos when compared with the online brand.
• Geolocation is Also Required: You’ll also have to demonstrate that you’re based in Ohio when registering with FD and claiming the welcome bonus. Once again, the brand will use geolocation software to track your real-time location, so enable your location services and don’t use a VPN when betting.

Ongoing FanDuel Promotions

Outside of the welcome FanDuel promo code and bonus, the brand is running a number of bonuses for existing bettors. These can include sporadic FanDuel deposit bonus options and Bet Protect, which will refund your stake on qualifying player props if your pick exits the game in the first quarter.

FanDuel Profit Boosts - Ongoing Promotions for Existing Users

You’ll always find a number of profit boosts available at FD. One such offer currently applies a 30% profit boost token for use on qualifying NBA games, usually those played during a particular gameweek. The minimum odds requirement may vary, but there’s also a maximum price at which you can wager. You cannot use the token on markets with pre-boosted odds of +200,000 or longer, but it’s rare to find any betting line with such prohibitive odds. This implies a 0% probability from a statistical perspective.

You can claim a 25% profit boost token when placing qualifying NHL parlays (or SGPs) too. Your qualifying wager must include three or more legs on selected NHL matches, with the offer usually applied during specific gameweeks. The total parlay or SGP odds must be +100 or longer, unlocking implied probability values of up to 50.0%.

Interestingly, both profit boosts will be applied to your winnings and the initial stake. This is a favorable term that maximizes your potential return further and contrasts with the welcome bonus T&Cs.

FanDuel Referral Bonus - Refer-a-Friend Rewards

You’re also eligible to receive a FanDuel referral bonus as an existing bettor. You can claim this via the Refer link on your app or Earn $$$ icon on the website homepage. Once you’ve invited friends, they must sign up through the referral link before crediting their account with at least $5. The deposited funds must then be wagered on any sports event or market. Once this bet has been settled, you’ll receive $50 in bonus bets, while your friend will be able to claim the $150 welcome offer.

In states where casino gambling is legal, the reward may be split evenly into a $25 sportsbook bonus bet and $25 casino credit. You should also note that wagers placed using site credits, bonus bets or profit boost tokens won’t be eligible to settle the wager requirement.

In total, a maximum of five referral bonuses are available every 30 days per single account. So, a monthly total of $150 can be redeemed through the referral bonus.

Other Regular FanDuel Promos

You’ll find other existing player promos at FanDuel too. You’ll find a concise summary of these below:

• NFL $2M Touchdown Jackpot: This bonus requires you to place an anytime TD wager on qualifying NFL matches. If your pick scores the first or last touchdown, you’ll claim an equal share of $2 million in total bonus bets ($1 million for the first touchdown, and the same amount for the second). This bonus has a minimum bet limit of $5, while your wagers cannot qualify for any other promotion.
• Bet Protect: As we’ve touched on, this promo provides protection for qualifying player prop bets. If your pick pulls up injured or is withdrawn during the first quarter of a match, your prop bet will be refunded in full in the form of bonus bets. This safety net also covers pre-game and live bets, alongside outright props, SGPs and SGP+ wagers (so long as they include at least one player prop). You don’t have to opt-in, as qualifying bets will automatically trigger the Bet Protect promo.
• F2P The Daily Play: This is available to all FanDuel customers and completely free to enter. Simply make your NFL parlay picks with the Daily Play, which runs for six days Monday through Saturday. If you go six-for-six, you’ll win a share of $100,000 in available bonus bets. Smaller payouts are also available, and you can claim cash prizes if you post just three successful legs. So, it doesn’t matter if you miss a day or two during the promotion.

Understanding FanDuel Bonus Bets

FanDuel’s bonus bets aren’t considered real cash. Instead, they’re categorized as non-cash credits that can be used solely for the purpose of wagering. They may also come with minimum odds requirements too, depending on the nature of the bonus and target markets. Here’s a breakdown of how they work in relation to the current FanDuel welcome promo:

• Bonus bets are usually added to your account within 72 hours of a qualifying wager being settled. According to the current bonus T&Cs, your qualifying bet must be settled as a win.
• Bonus bets will remain active on your account for seven days. You must wager them 1x within this period, as unused bets will be removed from your account exactly seven days after their issuance.
• You don’t have to stake your $150 in bonus bets in a single lump sum. Instead, you can split this value into smaller bets. Regardless, the seven-day expiry date remains unchanged.
• Bonus bets are cash credits that augment your real money bankroll. So, they offer optimal value when backing underdogs at longer odds, rather than -300 favorites. Just remember to research your picks and identify value bets where the actual probability of an outcome occurring is higher than the odds imply.
• You can track all active bonus bets in the My Bets section of your account. Remember that the bonus bet stake amounts won’t be returned as part of any profits. For more on maximizing these, see our sports betting guide.

FanDuel vs Competitors - Promo Comparison

FanDuel’s welcome bonus certainly offers value to casual bettors. There are minimal barriers to entry, for example, with the bonus auto-applied upon registration and a minimum deposit and bet limit of just $5. Your qualifying wager can also be staked at any standard odds, making it much easier to construct a bet that’s highly likely to be settled as a win.

However, there are competing promotions that have a much higher cash value. DraftKings’ own conditional offer lets you bet $5 and get $200 if your qualifying wager wins, for example, while BetMGM will refund your first bet up to $1,500 if this loses. These bonuses may appeal to more seasoned bettors or those of you with a larger cash bankroll.

Caesars’ bonus is the most uniquely structured and offers the highest potential for profit. This will unlock 20 separate 100% profit boosts up to $2,500 each, while there’s only a nominal minimum bet requirement of $1. You can back a wide range of odds and probabilities with your profit boost tokens, striking a balance between risk and reward.

This offers great value, as does bet365’s current welcome bonus. Although this is available in fewer states, it unlocks $200 in bonus bets regardless of how the qualifying wager is settled. The minimum bet limit here is just $5 too, so it doesn’t require a huge financial commitment.

FAQs

Maximizing Your FanDuel Experience

There are several steps that you can take to maximize the welcome FanDuel promo. Here’s a summary of how these can help you:

• Bankroll Management: Once awarded, your bonus bets form a non-withdrawable bankroll. It’s important to manage this in a similar way to your real money bankroll, by distributing it across different lines and markets to help optimize value. You can also set variable stake amounts depending on odds and implied probability values.
• Odds Shopping: When appraising odds and markets, be sure to compare FanDuel’s offerings to rival sportsbooks. This will help you to identify the best value betting markets in real-time.
• The Best Features to Use: SGPs can comprise both qualifying wagers and bonus bets at FanDuel. You can use the site’s intuitive Same-Game Parlay builder to construct these bets, or edit predetermined wagers. FanDuel also offers early cashout on qualifying bets and extensive live betting markets.
• Withdrawing Winnings: When withdrawing any profit generated by your bonus bets, we’d recommend using PayPal or Venmo where possible. These payment methods process withdrawals in less than 24 hours. This process is also quicker if you verify your ID and provide documentation during registration.

Final Thoughts

The current FanDuel promo is competitive and highly accessible, with a nominal $5 qualifying bet unlocking $150 in bonus bets. The offer is also auto-applied, so there’s no need to manually enter a bespoke FanDuel promo code.

This promotion is also conditional, which means that your qualifying wager must win for the bonus bets to be realized. Although this creates a small barrier to claiming the bonus, this is largely offset by the lack of any minimum odds requirements. Remember, you must also deploy your bonus bets within seven days of their issuance.

This is a high value offer for casual or inexperienced bettors, with a low financial buy-in, no odds restrictions and nominal wagering requirements. FanDuel also offers a number of bonuses for existing players, so you can cash in on profit boosts and referral promos once you’ve registered for an account.

Of course, there are alternative welcome promos available at rival books like DraftKings, BetMGM and Caesars. Some of these offer a higher cash value and longer-term profit potential, so it’s important to compare your available options in full before committing. For more help, try our sports betting calculators.