New FanDuel promo code unlocks $200 in bonus bets for your weekend wagers

The existing FanDuel promo code — which is valid in Illinois and every other legal FanDuel state — functions as a “bet and get” offer for up to $200 in bonus bets.

Players can get up to $200 in bonus bets based on the size of their first wager.

These bonus bets can be used for any sports wager on the platform: any MLB game, any NBA Summer League or any other sporting event.

The structure of this promotion is a bit different than standard welcome offers. Most new customer promotions function as a kind of first bet insurance, with users getting their complete stake back in bonus bets if and only if their first wager goes south.

However, this FanDuel promotion will dole out bonus bets — as noted above up to $200 — regardless of the status of the qualifying wager.

FanDuel Bet and Get offer, explained

While the first bet insurance structure has become increasingly common among big name sportsbook, bet and get promotions can be more advantageous to users.

First bet insurance offers require a player’s first bet to lose in order for them to get any bonus bets. However, bet and get offers allow users to collect bonus bets even if their first wager is successful.

This promotion is broken down into tiers, with the bonus bet value tethered to the user’s qualifying wager value. Bettors get 10x their bet amount, up to $200. So, if a player places a $5 cash wager, they’ll earn up to $50 in bonus bets. If that same player places a real-money wager of $10, they’ll get $100 in bonus bets. As noted, this promotion is capped at $200.

Critically, only real-money wagers will trigger this promotion as any bets placed using credits will not qualify for this offer.

As mentioned above, this promotion does not require a promo code so players can easily claim this offer by clicking the module displayed below and inputting the relevant information to sign up for an account.

From there, players will need to make a small deposit of at least $10 to register their account and place a cash wager to initiate this promotion.

After that first wager settles, regardless of how it pans out, players can get up to $200 in bonus bets.

For example, if a player placed a cash wager of $100 on the White Sox at +220 against the Braves, and Chicago wins they’ll get $220 in profit, keep their $100 stake and get $200 in bonus bets.

This is one of the few promotions in which players could win their wager and collect bonus bets.

FanDuel sign-up information

Before signing up with FanDuel, player should review the conditions outlined below to ensure they get the most out of this offer.

Critically, this promotion is limited to new customers who are at least 21 years old and present in a legal FanDuel state. Bettors don’t need to be a resident of that state to claim that offer but they must be within state limits, which FanDuel will verify using geolocation data.

If they meet all these criteria, users can click either of the modules displayed above and input the relevant information to sign up for a FanDuel account.

After that, players will need to make a small deposit of at least $10 to register their account and place a cash wager to initiate this promotion.

As mentioned above, each user’s qualifying wager determines the bonus bet value. A $10 wager will earn bettors $100 in bonus bets, a $20 wager will earn bettors a $200 wager.

Any bonus bets earned from this promotion will only be valid for wager a piece and thus, will not be returned even in the event of a successful wager. Similarly, bonus bets cannot be cashed out or withdrawn.

Additionally, bonus bets earned from this promotion will be distributed 24 hours after the qualifying wager settles and will remain valid up to seven days after distribution.