FanDuel Horse Racing Promo Code: Up To $500 in No Sweat Bets Dec. 2024

Best FanDuel Racing promo offer

Editor's Note: Bonuses are for U.S. residents only, in legal horse racing states only.

FanDuel Racing has prepared a special welcome offer just in time for the busy racing schedule in May and June. All new users who sign up to the racebook will receive a $500 No Sweat First Bet, which protects your first wager on FanDuel against an unlucky loss. 

All you need to do is register a new account on FanDuel Racing, make a real money deposit, and place a qualifying wager on any race. If it falls through, you will be reimbursed your entire bet (up to $500) in the form of bonus credits. If your first wager is successful, you will get to keep your winnings, but you will not receive any bonus bets. 

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$500 No Sweat First Bet

New customers only. $10 deposit min. Get the full amount back in racing credit if you lose after placing a first bet up to $500 (within 72 hours).

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FanDuel Racing promos by state

FanDuel Racing is set up a little differently in every state, depending on the local laws surrounding horse racing and online betting. Find your state in the table below to get started, or simply click here if your state isn't among the ones listed.

Can I bet on the Triple Crown on FanDuel Racing?

Yes, FanDuel Racing has all the biggest horse races in the world, including the prestigious Triple Crown. 

FanDuel Racing features a robust racing schedule with action from all over the U.S. and the rest of the world. The Kentucky Derby, Preakness Stakes, and Belmont Stakes are all on the list of featured races, complete with a wide range of betting options and live streaming.

Kentucky Derby 🏇

The Kentucky Derby comes first in the Triple Crown series, traditionally held on the first Saturday of May. The event takes place at Churchill Downs in Louisville, KY, and has a 150-year history. It's one of the biggest horse racing spectacles in the world. It is also a central focus of many bettors. If you’re one of them, finding a reliable Kentucky Derby betting site is a must. Obviously, I think FanDuel Racing is a good place to start. 

Aside from the standard $500 No Sweat First Bet welcome promotion I already mentioned, FanDuel Racing had a special $20 No Sweat First Bet for ALL users who placed a wager on the 2024 Kentucky Derby. We'll update this space if they offer a similar promo for the 2025 version of the race. 

Preakness Stakes 🏇

Falling on Armed Forces Day on the third Saturday of May, the Preakness Stakes is the second jewel of the Triple Crown. It takes place at the Pimlico Race Course in Baltimore, MD, with this year being its 150th anniversary. 

Like the Kentucky Derby, FanDuel Racing offered a special $20 No Sweat Bet to both new and existing customers, which would have given you a bonus bet refund if your Preakness bet lost. 

2024 Preakness Stakes odds

These were the 2024 Preakness Stakes odds via FanDuel Racing prior to the race. In the end, it was 'Seize the Grey' emerging victorious, as did anyone who happened to bet on the colt at +1500 odds. Heavily favored 'Mystik Dan' came in second place, which was a disappointing finish after capturing first-place honors at the Kentucky Derby.

Belmont Stakes 🏇

Nicknamed 'The Test of Champions,' the Belmont Stakes is the final leg of the Triple Crown. It runs at Belmont Park in Elmont, NY, on the second Saturday of June. It's the oldest of the three Grade I races, inaugurated back in 1867. It is one of the top-attended and most-wagered-on horse racing events in the country.

As the last race of the trio, the Belmont Stakes is also meaningful as it's where Triple Crown winners emerge. Unfortunately, that possibility was not on the table in 2024 since Mystik Dan wasn't able to follow up his Kentucky Derby victory with another at the Preakness.

Sierra Leone was favored to win the Belmont Stakes, with Mystik Dan's odds sitting at 5-1 while Preakness winner Seize the Grey's odds were set at 8-1 from post position. In the end, it was the 15-1 underdog Dornoch, ridden by jockey Luis Saez, who took home the $1.2 million winner's purse. 

See the latest picks and predictions here for the Belmont Stakes.

Here's a look at the final odds before the race began:

FanDuel Racing promo code: How it works

You won't need to enter a FanDuel Racing promo code to unlock this offer. In fact, FanDuel doesn't use promo codes of any kind, so that’s one less detail to worry about. 

However, you still have to go through the standard registration process and place a qualifying wager to receive your bonus while also paying attention to specific terms and conditions.

Here’s a quick summary of the bonus terms and conditions:

• The $500 No Sweat First Bet is for new FanDuel Racing members only.
• You must register and place your first wager from one of the eligible states.
• The minimum deposit is $10, while the minimum wager limit varies on the type of bet.
• If you win, it’s business as usual; you get your payout and can choose to withdraw or use it for subsequent bets.
• If you lose, you will receive bonus bets (FanDuel Racing Credits) equal to the amount of your first wager, up to $500.
• The credits will appear in your account within 72 hours after the settlement of your qualifying wager.
• You will have seven days to use the bonus credits to make additional wagers.
• FanDuel Racing Credits cannot be used on the FanDuel Sportsbook or FanDuel Casino.

FanDuel Racing bonus comparison

FanDuel Racing's bonus is a bit unique. Most other online racebooks in the country typically offer new users a deposit match welcome offer instead. For example, you will get up to $150 in deposit matching at Caesars Racebook (NYRA Bets) or a $200 deposit match at TwinSpires.

Deposit match bonuses have their advantages. For starters, you receive the bonus whether your first bet wins or loses, making it a sure thing. You can only benefit from FanDuel's No Sweat First Bet if you kick off your betting journey with a loss. However, it does allow you to take a higher risk on that first bet, knowing that you can get a second chance if you don't win. 

First deposit match bonuses typically work a bit differently on racebooks than they do on online sportsbooks. Instead of standard wagering requirements (e.g., 15x the bonus amount), the bonus is rolled over before being given to you. For example, you must wager a total of $800 at TwinSpires before you get your $200 worth of bonus credits.

As far as I'm concerned, FanDuel Racing seems to have the best new customer bonus among U.S. horse racing platforms at the moment.

How to use the FanDuel Racing promo code

You can place your No Sweat First Bet in minutes once you complete all the formalities. Joining FanDuel Racing is a breeze, as you can see from the provided step-by-step guide.

1. Register

Follow our exclusive link to go to FanDuel Racing and hit the 'Join Now' button. Make sure that you have location services turned on since FanDuel needs to confirm that you’re accessing the platform from one of the legal states. 

Continue the registration process by sharing some standard personal information, such as your name, email, birthdate, last four digits of your SSN, and other required information. FanDuel will take a few moments to verify your details.

2. Deposit

Once your account is set up and active, tap the 'Add Funds' button at the top right of your screen to deposit money into your account. You can use a variety of safe and reliable banking methods, including credit and debit cards, Apple Pay, PayPal, Trustly online banking, PayNearMe, Play+, and more.

The minimum deposit is $10, but keep in mind that only the amount of your first wager is given the 'No Sweat' treatment by FanDuel, so plan accordingly. 

3. Make your first bet

Your deposit should go through almost instantly. Then can start exploring your betting options. Navigate to the racing schedule, pick a race, and browse the available bet types. Once you’ve settled on a bet, click on it to add it to your bet slip. Use the dropdown menu to select your stake and hit the 'Place $x.xx Bet' button to confirm the wager.

4. Claim the Bonus

If your bet is unsuccessful, you will receive your bonus bet refund within 72 hours, but often much sooner than that. If you win your first bet at FanDuel Racing, then congratulations, but you won’t receive any bonus.

5. Withdraw

The bonus bets you receive as part of FanDuel's No Sweat Bet promotion will not be available for withdrawal. You can only use them to make additional wagers. If those bets win, however, you can immediately withdraw the profits (minus the stake amount of the bonus bet itself).

When you have a cash balance in your FanDuel account, head back to the 'Cashier' section. Select a preferred cash-out method and fill in the required information to complete the transaction.

Withdrawals can take anywhere from a couple of hours to several business days, depending on the method. FanDuel is regularly considered one of the fastest payout sportsbooks on the market, and its horse racing platform mirrors that performance. 

All FanDuel Racing promos

FanDuel Racing doesn’t boast many extra promos. Aside from its welcome offers, you can currently make use of a few other ongoing deals for existing users. You can find the details in the table below.

Upcoming FanDuel Racing events

FanDuel Racing covers all the big horse racing events on the calendar. Aside from the Triple Crown, you can enjoy betting on many U.S. and international events, including the Breeders Cup, Grand National, Dubai World Cup, Melbourne Cup, Prix de l'Arc de Triomphe, Santa Anita, and many more. 

In between all of these marquee events is a range of smaller races taking place in Australia, Japan, Europe, and all over the globe. There’s approximately one race on the planet every five minutes.  

FanDuel Racing promo code for existing users

FanDuel Racing doesn't offer a ton of ongoing promotions for existing users, but there are a few at the moment. The $20 No Sweat First Bet on the Kentucky Derby was one of them, as was its Win Bet Insurance and a $10 No Sweat Bet for The Oaks. FanDuel offered the same promotion for the Preakness and Belmont Stakes in 2024, too. 

If you want to find extra promos, you’ll have to look for them at FanDuel Sportsbook and FanDuel Casino — assuming you can access those platforms from a legal and regulated state.  

FanDuel Sportsbook promo code 🏈

FanDuel Sportsbook has one of the best sports betting bonuses for new users. Once you join and place a $5 bet, you will receive $150 in bonus bets if it wins. This offer comes with an excellent value, as you only need to wager a small amount to get up to 30 times the amount in bonus bets. 

There’s no FanDuel promo code to worry about. Just sign up with FanDuel Sportsbook using our exclusive link, and the bonus is yours when you meet the conditions.

Win $150 + NBA League Pass 🏀

New customers only. Deposit min. $5. Place first bet of $5+ and win $150 in Bonus Bets (within 72 hours).

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FanDuel Casino promo code 🎰

If you’re from Pennsylvania, New Jersey, Michigan, or West Virginia, you can play over 700 top-tier games and hunt for big jackpots at FanDuel Casino. New users can snag $100 in bonus casino credit. You only have to make a minimum deposit of $5 or more and make $1 in cumulative wagers to unlock the bonus money. Again, no FanDuel Casino promo code is needed. Just use our special links to sign up, and that’s it.

A great thing about the FanDuel Casino is that all of its bonuses have a 1x playthrough. Wager the bonus one time over, and the money is yours.

Play $1, Get $100 in Casino Bonus

New customers. Deposit $5. Place a wager of at least $1 for $100 in bonuses. Funds and credit expire after 7 days.

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Each product featured on our website has been meticulously researched and selected by our team of experts. If you sign up through our links, we may get a commission. 21+. Gambling can be addictive, please play responsibly

FanDuel Racing review

FanDuel Racing launched in 2020, adding pari-mutuel wagering for horse and greyhound racing to the already-existing sports betting and fantasy sports platforms. In September 2022, FanDuel acquired the famous horse racing network TVG and rebranded it to FanDuel TV while also launching the FanDuel TV+ OTT service.

With only a handful of legitimate online racebooks in the country, FanDuel Racing is making good strides in cornering the U.S. market. Its biggest competitor is TwinSpires, with both platforms covering a ton of races, offering competitive odds, and boasting proprietary live streaming services. 

While DraftKings did launch DK Horse in early 2023, it hasn't had the same impact as FanDuel Racing. No other major sportsbooks have gotten involved in the space, with the exception of major events like the Kentucky Derby and other Triple Crown events.

FanDuel Racing mobile app 📱

The FanDuel Racing app is generally well-received among users. Android owners report a few bugs here and there, while some just don’t like the app’s new look. However, the ratings are overall great on both major mobile platforms. The app scores 4.7/5.0 on Google Play with over 100 reviews and 4.6/5.0 from about 2,000 reviews on the Apple App Store. 

The app looks consistent with FanDuel's sportsbook and casino apps, which are some of the best around. Navigation is intuitive, and the data density is optimal. In short, FanDuel is well-known for releasing amazing mobile apps, and FD Racing is no exception. 

FanDuel Racing key features 🔑

Here are the three standout features of FanDuel Racing that promise to elevate your horse race betting experience:

• 🔥 Robust racing schedule: Whether you’re just there for mainstream events like the Kentucky Derby or want to try your luck on one of the niche races in New Zealand, Italy, and Korea, FanDuel Racing has got you covered.
• 🔥 Handicapping tools: Watch race replays and consult the experts for some surefire FDTV picks. You can also find a detailed track information list with a rundown of every popular track, its history, past winners, surface features, and more.
• 🔥 Live streaming: FanDuel TV enables you to tune in and follow up on all the excitement, watching the thoroughbreds gallop toward the line for a dramatic finish. To watch, you just need to be logged in to your account.

FanDuel Racing pros and cons ✅❌

There are a lot of things I love about FanDuel Racing. However, there's always room for small improvements. Here are the main Pros and Cons that I've found with the platform:

Pros:

✅ Busy racing schedule with events from around the world.
✅ Solid odds across the board.
✅ Great welcome offer.
✅ Live streaming of popular races.

Cons: 

❌Not many ongoing promotions for existing users.
❌Android users reported a few small bugs.

FanDuel Racing bet types 🎫

There are many ways to bet on horse races. The simplest method is picking a single horse to win, which comes with a payout according to the posted odds. However, you can also bet on a horse 'to place' (finish first or second) or 'to show' (finish in the top three).

If you're feeling extra confident, you can make exacta, trifecta, or superfecta bets. These require you to pick the exact finishing order of the first two, three, or four horses. They are harder to win, but can come with a hefty payout. 

FanDuel Racing odds quality and betting limits 🐴 

FanDuel Racing odds are in line with the market average. When comparing the same races on TwinSpires, we found pricing to be similar across both platforms.

As for betting limits, they vary depending on the race and betting type. Bigger races with a wider range of options have win bets starting at $1, while the smaller races that only feature win bets have a $2 limit.

With trifecta and superfecta bets, the minimum limits can go down to $0.20 on most races. The max bet also depends on the race, but FanDuel is normally willing to accept wagers over $100,000 on most races. This range should suit all but the smallest minority of bankrolls. 

FanDuel Racing banking options

You can fund your FanDuel Racing account and request withdrawals using a variety of safe options, including credit and debit cards, PayPal, Apple Pay, PayNearMe, Trustly online banking, and more. The minimum deposit is $10.

FanDuel Racing Customer Support

If you need assistance, FanDuel’s quick live chat support will be there to lend a helping hand around the clock. You can fill out an email form for more detailed queries; however, keep in mind that the estimated response time is around 12 hours. 

Alternatively, you can browse through the Help Section and try finding your answer among many articles written on common questions regarding payments, bet types, broadcast schedules, and more.

• 📱 24/7 Live Chat: Hit the “Chat with an Expert” button in the lower right corner of the support page.
• 📧 Email: Email form sent from the support page. The typical response time is 12 hours.
• 📞 Phone: N/A
• 🐤 Twitter.com: @FanDuelRacing
• 👩‍💼 Supported languages: English

Where is FanDuel Racing legal?

Legal horse racing typically requires a different type of licensing and regulation than retail casinos or online sportsbooks. If you're in a state with legal sports betting, you can likely access FanDuel Racing from the standard betting app. In other states, you may be required to download the FanDuel Racing standalone app to get started. 

Here's a quick look at which states offer FanDuel Racing for legal online horse betting:

Does FanDuel Racing have live streaming?

Yes, FanDuel offers live streaming of popular races through its proprietary streaming service called FanDuel TV, which is a rebranded version of the famous TVG racing channel. 

All the races available for streaming will have an FDTV icon next to them in the racing schedule, while you can also just click on Watch FDTV in the upper right corner to find races that are currently live. You must be logged in to your account to watch.

Responsible gaming at FanDuel Racing

FanDuel Racing offers a number of tools to make sure you can play responsibly and within your limits. You can set limits for deposits and losses on a daily, weekly, or monthly basis. You can also voluntarily self-exclude your account for a set period of time.

If you (or someone you care about) is struggling with gambling, call the National Problem Gambling Helpline at 1-800-GAMBLER.

Recent FanDuel Racing updates

Nov. 2024: Following a strong earnings report, FanDuel Racing's parent company, Flutter Entertainment, closes at a record-high $267.00 per share on the New York Stock Exchange.

Oct. 2024: FanDuel partner Churchill Downs reports record-breaking Q3 2024 net revenue of $628.5 million or a 9.7% year-over-year increase.

Aug. 2024: The main horse racing season in North America is now complete, with all three Triple Crown races finished. However, there are still a huge number of smaller regular races from around the world available to bet on with FanDuel Racing. 

July 2024: The New York Racing Association, Inc. announce agreement has been reached with FanDuel and TVG.

June 2024: FanDuel extends its $20 No Sweat Bet offer to all users looking to bet on the Belmont Stakes, taking place on June 8, 2024.

May 2024: FanDuel is once again offering a $20 No Sweat Bet to all users, this time for the running of the Preakness Stakes on May 18, 2024. 

May 2024: FanDuel wins "Sportsbook of the Year" at the 2024 SBC Awards.

April 2024: FanDuel Racing offers a $20 No Sweat Bet on the 2024 Kentucky Derby to both new and existing users. The $20 bet credit arrives in your account automatically if your Derby pick doesn't win.

Sept. 2022: FanDuel TV, a free streaming service for customers, launches for the first time, a rebranded version of the old TVG racing platform (which FanDuel previously acquired).