Are you searching for the best sports betting platform with low minimum deposits? With so many options out there, it’s easy to feel overwhelmed. In our Fanatics Sportsbook review, we’ll break down everything you need to know about this sportsbook and why it stands out.
Whether you’re new to betting or a seasoned pro, understanding the features of Fanatics Sportsbook could take your game to the next level. Plus, we’ll get into how their $5 minimum deposit sets them apart from competitors.
Now, let’s get started with the details on what makes Fanatics a top pick for bettors.
Quick Facts About Fanatics
Let’s take a look at some key facts pertaining to the Fanatics Sportsbook:
| Foundation Year | 2021 |
| Founders | Michael Rubin (CEO of Fanatics, Inc.) |
| Number of US States Live in | 23 |
| Payment Methods | Debit/credit cards, PayPal, ACH transfers, Google Pay and Fanatics-branded gift cards |
| License(s) | AZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY |
| Mobile App | ✅ |
| Casino | ✅ |
| Live Betting | ✅ |
| Live Streaming | ✅ |
| eSports Betting | ❌ |
Pros and Cons of Betting at Fanatics: An Overview
Let’s take a look at what Fanatics does well and where they need to improve:
| Pros | Cons |
|---|---|
| Top-rated, well-designed iOS and Android app | Smaller range of markets compared to competitors |
| Simple and unique rewards (FanCash) | Fewer Same Game Parlay bet options than other bookies |
| NFL streaming available | Cannot play on web browser or desktop (mobile app only) |
| Reputable brand | |
| Strong leadership team | |
| Software powered by Amelco |
One of my personal favorite features of the Fanatics Sportsbook is its amazing reward system, known as FanCash. While it’s unique to the platform, it’s simple to use, and I accumulate rewards as I wager across the platform. Even if I don’t win, it feels rewarding.
The mobile app is also intuitive, and since using it on my iPhone, I’ve had a smooth betting experience placing wagers as well as live-streaming NFL games. Even though there’s no option to place bets on the desktop site, the ease of use and functionality of the mobile app more than makes up for that.
Is This Bookmaker Legal and Safe in the US?
Fanatics officially launched in the US in 2021 and is owned and operated by Fanatics Holdings, Inc. The sportsbook is currently live and legal in 23 US states and has obtained licenses in US states where sports betting is regulated. Additionally, each of these states has official gaming commissions that oversee licensing and operations, ensuring the sportsbook meets the necessary regulations for fair play and user protection.
At the time of writing, these are the states where Fanatics Sportsbook is live and operational:
- Arizona
- Colorado
- Connecticut
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maryland
- Massachusetts
- Michigan
- New Jersey
- New York
- North Carolina
- Ohio
- Pennsylvania
- Tennessee
- Vermont
- Virginia
- Washington DC
- West Virginia
- Wyoming
My Fanatics Sportsbook review also confirmed that the operator makes use of encryption technology to protect the personal and financial information of its users. They adhere to responsible gambling guidelines set by regulatory bodies to ensure a safe online gaming experience.
Lastly, Fanatics is an established brand with a longstanding reputation for its reliability, which further adds to its credibility.
Bonuses and Promotions at Fanatics
Let’s take at the bonuses and promotions waiting for new users, and also what returning bettors can expect when using the Fanatics Sportsbook:
Fanatics Sign Up Offer
Fanatics Sportsbook welcomes new players with an impressive sign-up bonus, where you bet $100 and get $100. Based on my Fanatics Sportsbook review, these are the terms and conditions that I came across:
- Create an account with Fanatics for the first time
- Place a $5 minimum or $100 maximum bet
- Place a wager on eligible markets with -200 odds or longer
- Start wagering within 5 days of your deposit
- Earn up to $1,000 in bonus bets, valid for 10 days
- Missing a day results in forfeiting that day’s bonus
- Use each bonus bet within 7 days of receiving it
Other Types of Bonuses
Now, let’s overview what types of regular bonuses registered bettors can claim:
Fanatics Profit Boost
Get a 50% profit boost for Thursday night’s NFL game between the Buffalo Bills and Miami Dolphins. The boost applies to a same-game parlay bet with at least three picks and minimum odds of +300. The offer is valid throughout September 2024.
Note: This is a monthly promotion, but Fanatics offer a similar odds boost promo during all year. The amount and eligible sports market may vary a bit, but the bonus type is always the same.
Fanatics Referral Program
Aside from the odds boost, you can also participate in Fanatics’ referral program. Simply refer a friend by sending them your unique referral link, and you’ll earn $100 in FanCash. Your friend must complete the registration process and place a minimum wager of $20. And regardless of the outcome, both you and your referral will receive $100 worth of FanCash.
Fanatics Mobile Experience
Placing bets on the Fanatics Sportsbook is not possible unless you download the Fanatics sports betting app. My experience using the Fanatics mobile app has been nothing short of pleasant, due to the ease and efficiency with which I was able to bet. The platform is effortless to navigate, even for new bettors, and there are a lot of responsible gaming resources and information available.
Perhaps one of the best app features I came across during my Fanatics sportsbook review is the withdrawal tracker, which allowed me to know where my money was throughout the withdrawal process. It’s a feature I’ve never come across on any other sports betting app.
Banking Methods
Fanatics banking options gives you several easy ways to deposit and withdraw money. You can use options like Visa, PayPal, and bank transfers. Processing times are also quick, with low minimum amounts and no extra fees, making it simple and hassle-free to manage your money.
Making a Deposit at Fanatics
I deposited at Fanatics using my MasterCard, and the whole process was really smooth. It was easy to find the banking page, and I appreciated the variety of deposit options available there. I also didn’t face any issues, and my funds were instantly available, making it a pleasant experience, overall.
| Deposit Methods | Min Deposit | Max Deposit |
|---|---|---|
| Visa, Mastercard, Maestro | $5 | $5,000 |
| PayPal, Online Banking | $5 | $5,000 |
| American Express, Discover | $5 | $2,500 |
| Skrill, Neteller | $5 | $5,000 |
| Wire Transfer | $5 | $5,000 |
Fanatics Withdrawal Process
I used PayPal for my payout at Fanatics, and the withdrawal process was simple and fast. It was easy to request, and I liked all the withdrawal options they offer. My funds arrived quickly, and the withdrawal speed was definitely a huge plus for me.
| Withdrawal Method | Min/Max Payout | Payout Speed |
|---|---|---|
| PayPal | $5.00 / $5,000 | 2 Hours |
| Bank Transfer | $5.00 / $5,000 | 2 Hours |
| Apple Pay | $5.00 / $5,000 | Instant |
Exploring Fanatics Betting Markets
The sports betting selection at Fanatics is quite competitive, with a considerable range of popular sports and bets to raise your excitement. Let’s take a closer look at the most popular sports and leagues available to US players:
- NFL
- NBA
- MLB
- UFC
- NHL
- Golf
- Tennis
- Olympics
- Soccer
- Motorsports
Live Betting
Live betting is available at Fanatics Sportsbook. Due to a partnership with the sports and data technology company known as Genius Sports, Fanatics gives players a chance to stream live NFL games on the mobile app. Aside from NFL, live betting is available on several popular sports with various bet types to explore.
Virtual Sports
Not available for now. My Fanatics Sportsbook review did not come across any virtual sports betting options on this platform.
eSports
Not available for now. Likewise, I did not come across any eSports betting selections here. However, if the situation changes for both virtual sports and eSports options, I’ll be sure to update this section.
Fanatics Customer Support: A Closer Look
While Fanatics hasn’t been around for as long as the other major competitors like DraftKings and FanDuel, its customer service is on par with top operators. That said, if you have a question or concern that needs to be answered promptly, you can reach out to Fanatics via many channels:
- Live chat: 24/7
- Phone: (855) 438-9701
- Email: [email protected]
- X (Twitter): @FanaticsSupport
I used the live chat option at Fanatics to reach customer support, and I had a great experience. The agent was friendly and quick to resolve my concern. I asked if making a withdrawal via PayPal was recommended, and she explained that PayPal is one of the easiest and fastest methods for payouts.
She reassured me that it’s a secure option, with most payouts processed in just a few hours. After helping me with that, she even asked if there was anything else I needed assistance with, which made the interaction feel really thorough and helpful.
How to Sign Up for a Fanatics Account
The Fanatics Sportsbook signup process is relatively easy, and I’ll show you exactly how it’s done in the steps below:
- Head over to the Fanatics Sportsbook and scan the QR code.
Or you can opt to download the app from the Google Play Store or Apple Store, depending on the operating system you’re using.
- Enter your personal details.
After downloading the app, enter your personal details: first and last name, email address, date of birth, and the last four digits of your social security number.
- Confirm your registration via email.
After submitting this information, you’ll receive an email asking you to confirm or verify your email address.
- Log in and make your first deposit.
Next, log into your Fanatics Sportsbook account to make your first deposit. The good news is that the sportsbook has a low minimum deposit of just $5.
- Don’t forget to claim your Fanatics welcome bonus.
Thereafter, you’re free to claim the welcome bonus and start placing your bets.
As per the disclaimer on the Fanatics Sportsbook site, you’ll have to verify your identity before being able to withdraw your winnings, so take not of the following info.
Required documents to verify your identity:
- A picture of you (such as a selfie)
- A picture or scan of your driver’s license or other government-issued
So, Should You Trust Fanatics Sportsbook?
My Fanatics Sportsbook review concluded that this operator is a reliable option for US players. Not only do they have one of the most easy to use betting apps, but they support quick deposits and withdrawals. Additionally, Fanatics has a highly responsive and friendly customer support department that’s eager to resolve questions and issues.
If you’re looking for a range of popular markets, there’s no better choice than Fanatics. You should definitely sign up, claim your Fanatics bonus code, and enjoy everything the platform has to offer now!