FanDuel, a leading sports betting platform, is enticing new users with generous sign-up bonuses as it expands its reach across the United States. The company is offering a $200 sign-up bonus for new users in North Carolina, while in other states, the bonus is set at $150.
To claim the bonus, new users need to create a FanDuel account, make a minimum deposit of $10, and place a bet of at least $5 on any market or odds. The bonus bets will be credited to the user's account within 72 hours and can be used within the FanDuel mobile app for up to seven days. The bonus bets operate differently than cash bets, allowing users to split the bonus across multiple wagers or use it all on a single bet.
The higher $200 bonus is exclusive to North Carolina, where FanDuel launched its mobile betting app on March 11, 2023, following the passage of HB 347. The promotion aims to attract bettors, particularly those interested in March Madness, as three North Carolina teams were featured in the 2023 tournament.
FanDuel's sign-up bonuses are part of a broader trend of lucrative promotions offered by various online sportsbooks to attract new customers. Competitors like DraftKings, BetMGM, Caesars Sportsbook, and Fanatics Sportsbook are also offering enticing welcome offers and bonus bets, especially for popular events like the NBA Playoffs.
Why this matters: The aggressive marketing and promotional strategies employed by sports betting platforms highlight the intense competition in the rapidly growing legal sports betting market. As more states legalize sports betting, companies are competing for market share by offering attractive incentives to new users, potentially reshaping the gambling landscape in the United States.
FanDuel's sign-up bonuses are available for a limited time and are only valid for new FanDuel customers. The company also offers ongoing promotions for existing users, such as a 30% profit boost on NBA same-game parlays during the playoffs. As the legal sports betting market continues to expand, FanDuel and other operators are expected to continue innovating their offerings to retain and attract customers in an increasingly competitive environment.
Key Takeaways
- FanDuel offers $200 sign-up bonus for new users in North Carolina, $150 in other states.
- To claim bonus, users must create account, deposit $10, and place $5+ bet.
- Bonus bets can be split across multiple wagers or used on a single bet.
- Aggressive promotions by sportsbooks highlight intense competition in growing legal betting market.
- FanDuel's sign-up bonuses are limited-time offers for new customers, with ongoing promotions for existing users.