FanDuel: Bet $5 Get $250 in Bonus Bets

FanDuel Sportsbook offers new users a promotion where they can claim $250 in Bonus Bets if their first cash wager of at least $5 wins. This promotion provides a potentially lucrative incentive for bettors to get started, but the offer’s conditional nature and specific terms require close attention. Below, we analyze the bonus, eligibility requirements, wagering stipulations, and key restrictions to provide a neutral and objective review.

To qualify for the promotion, new users must meet the following criteria:

Sign-Up and Deposit:

• Register a new FanDuel account and deposit at least $5 (debit card recommended for seamless transactions).

Place a Wager:

• Make a first cash wager of at least $5 on any eligible game or market.
• The promotion applies only if this first wager wins.

Bonus Bets Award:

• Upon winning the qualifying wager, users will receive $250 in Bonus Bets, split into increments that can be used across different wagers.

Wager Settlement and Bonus Credit:

• Bonus Bets are credited to accounts within 72 hours of the wager settling as a win.

• New Customers Only:
  • The offer is restricted to new users who have not previously created a FanDuel Sportsbook account.
• Age and Location:
  • Participants must be at least 21 years old (18 in D.C.) and physically located in an eligible state: AZ, CO, CT, IL, IN, IA, KS, KY, LA, MD, MA, MI, NJ, NY, NC, OH, PA, TN, VT, VA, WV, or WY.
• First Wager Requirement:
  • Only the first cash wager is eligible for the promotion. Subsequent bets, including those made with Bonus Bets or other promotional funds, do not qualify.

Wagering Requirements and Key Conditions

Qualifying Wager:

• Only cash wagers of $5 or more qualify.
• If the first wager loses, users are ineligible to receive the bonus.

Bonus Bets Usage:

• Bonus Bets do not need to be used in a single wager and can be divided into smaller amounts at the user’s discretion.
• Bonus Bets expire 7 days after being credited to the account.

Winning Outcomes:

• Winnings from Bonus Bets are credited as withdrawable cash, but the initial Bonus Bet stake is not included in the winnings.

Excluded Activities:

• Wagers settled using the “Cash Out” feature are not eligible.
• Bonus Bets cannot be combined with other promotions or used on specific bet types, such as Round Robin and “YourWay” wagers.

The FanDuel "Get $250 in Bonus Bets if Your First $5 Bet Wins" promotion is an offer for new users who are confident in their initial bet. While the high potential bonus is appealing, the requirement for the first wager to win introduces significant risk. Additionally, the short time frame for Bonus Bets may not suit all betting styles. Bettors should approach this promotion responsibly, ensuring they fully understand the terms and conditions before participating.