FanDuel Bonus details
If you're looking to start betting on sports, FanDuel Sportsbook offers an exciting welcome bonus for new customers in the United States.
With the chance to earn up to $200 in bonus bets, this promo is a great way to get started—provided you win your first bet.
In this guide, we'll break down how the FanDuel welcome bonus works, its advantages and disadvantages, how to claim it in three simple steps, and what you need to know about payouts and bonus bet conditions.
Find out more about this betting company in our Fanduel sportsbook review.
Pros & Cons
- High Value Bonus – If your first bet wins, you receive $200 in bonus bets, which is a generous reward for a small $5 wager
- Flexibility in Wagering – You don’t have to use your $200 in one bet. You can split it into multiple bets, giving you more chances to win
- First Bet Must Win – If your first bet loses, you get nothing. Unlike risk-free bets offered by other sportsbooks, there’s no second-chance bonus
- Short Expiration Period – You must use the bonus bets within 3 days, or they disappear
- Bonus Bet Stake Not Included in Winnings – When you win a bet placed with bonus funds, you only receive the profit, not the original stake
Payment methods for bonus
Bonus rollover period
3 days after first qualifying bet
Valid in following countries
USA
Licenses
Three steps to catch bonus
Sign Up & Deposit at least $5
Place Your First Bet min $5 and remember you must WIN this bet to qualify for the $200 bonus bets
Receive Your Bonus Bets automatically within 72 hours if your bet wins - the bonus bets can be used on various sporting events, but they must be used within 3 days.
Pay out conditions
When you receive your $200 in bonus bets, here’s how they work:
Not a Cash Bonus: The $200 cannot be withdrawn as cash, but any winnings from bets placed with the bonus funds are immediately withdrawable
Partial Use Allowed: You can use part of your bonus on one bet and save the rest for later. For example, if you have $200 in bonus bets, you can place a $50 wager and keep the remaining $150 for other bets
Expiration: Any unused bonus bets will expire after 3 days
Stake Not Returned: If you use a $10 bonus bet on +100 odds and win, you receive $10 in profit but not the original $10 bet amount
Hint
Choose a Strong First Bet: Since your first bet must win to unlock the bonus, avoid high-risk wagers. Consider betting on a favorite or a market with a high probability of winnin
Use Your Bonus Bets Wisely: Spread your $200 across multiple bets to increase your chances of profitin
Keep an Eye on the Expiration Date: Your bonus bets expire in 3 days, so don’t let them go to waste
Example
Let’s say you deposit $10 and place a $5 wager on an NFL game at +150 odds. Here’s what happens in different scenarios:
✅ If Your Bet Wins:
- Your $5 bet at +150 odds wins $7.50 in cash.
- FanDuel credits your account with $200 in bonus bets.
- You now have $207.50 ($7.50 cash + $200 bonus bets)
❌ If Your Bet Loses:
- You get nothing—no bonus, no refund.
- Your remaining balance is just the leftover $5 from your deposit
Conclusion
FanDuel Sportsbook’s welcome bonus is a good but not excellent new customer bonus offer.
With the chance to turn a $5 wager into $200 in bonus bets, it’s one of the better new customer promos out there. However, the requirement that your first bet must be a winner is a significant downside compared to risk-free bets offered by other sportsbooks.
If you’re confident in your first wager, this promotion offers excellent value. Just make sure to bet smart, manage your bonus bets wisely, and take advantage of the three-day window to maximize your winnings.