What is the FanDuel bet $5 get $200?
The FanDuel bet $5 get $200 promo was a welcome bonus offer for new players who registered on the site. As I mentioned, this promo ran from January 26, 2026, to February 8, 2026. To be eligible for the offer, you must create a new account on the sportsbook, but remember, this only applies to individuals who don’t already have a FanDuel account, and availability depends on where you register from. After setting up the account, you must make a minimum deposit of $5 using any available payment option. And, most importantly, your $5 wager should win to get the $200 bonus bet.
One of the good things about this offer is that you don’t need a FanDuel bet $5 get $200 promo code to claim it. The welcome promo is also available in all states where FanDuel is operational, and the operator frequently changes the offer. I’ve seen a FanDuel bet $5 get $300, so I’ll let you know if something new pops up.
Bonus terms and conditions
Most FanDuel bonuses I’ve seen usually have similar terms and conditions, but you must always check the promo banner to see what applies to any offer you intend to claim. As far as the FanDuel sportsbook bet $5 get $200 rules go, these are the most important to note:
- Minimum wager: You must place a first wager of at least $5 to qualify for the welcome bonus. Your wager should win.
- Minimum age requirement: FanDuel adjusts the minimum age requirement to comply with applicable state laws. If you reside in Kentucky or Wyoming, you’ll need to be 18 or older to claim the bonus. In other states, such as Kansas, Arizona, New Jersey, and Ohio, you’ll need to be 21 or older.
- Eligible markets: You can place wagers on any market available on FanDuel.
- Bonus withdrawal: Bonus bets you receive from the offer cannot be withdrawn. You only get the winnings as a withdrawable balance.
- Bonus expiry: The bonus bets expire after seven days. If you fail to use the bonus before it expires, FanDuel will remove it from your account.
While the FanDuel bet $5 get $200 is not offered at the moment, take note of the terms and conditions above since this is mostly what you can expect from bet-and-get promos. To claim the bonus bet, there is always a minimum wager required. In this case, your $5 wager should also win to get the bonus bets.
Cashed out wagers, wagers that used bonus funds or profit boosts are considered ineligible bets.
FanDuel bet $5 get $200 pros and cons
Pros
- Has a low $5 bet requirement
- Available in all states where FanDuel is legal
- Can be claimed with all online payment options
Cons
- Using the cashout feature makes you ineligible for the bonus
Setting up an account to get the FanDuel bet $5 get $200
FanDuel welcome bonuses are only available to eligible individuals. To be eligible for the bonus, you must meet the age requirement, reside in a legal state, and have a FanDuel account.
FanDuel accepts individuals who are 18+ in some states, but you’ll need to be 21+ in most states. If you meet the requirements, you can create an account by taking the same steps I did below:
- Open the FanDuel website using the link provided.
- Click the Join button to start the registration process.
- Provide an email address, username, and password.
- Enter your phone number and date of birth.
- Verify your email and phone number.
- Submit the form to proceed.
Payment options you can use to claim the FanDuel bet $5 get $200
FanDuel doesn’t restrict the payment options you can use to claim its welcome bonus, so you’ll be able to select any of the options you find on the site. However, depending on your state, you may not be able to use certain payment methods. During my time placing bets at FanDuel, these are the payment options I found:
- PayPal
- Bank cards (Debit/credit)
- Online banking
- Apple Pay
- Venmo
- FanDuel Prepaid Play+
- Gift card
- Wire transfer
You can also find other options, such as Cash at Counter and PayNearMe, but these often require you to visit a retail location. The deposit method you select also becomes your default withdrawal method. However, FanDuel does let you pick other options for withdrawals.
Promotions for existing Fanduel users
Ongoing promotions come in various forms, and they’re mostly available every time you visit FanDuel. However, it’s not out of the question to come across offers like a limited-time FanDuel promo code of $100 for existing users. Right now, some of the top ongoing promotions you can find at FanDuel depending on your state, include:
- Profit boosts: This is a common promotion you can find on FanDuel. To trigger this offer, you must place a wager and win the bet. I’ve seen various options for profit boosts, including 10%, 20%, and 50%. FanDuel may restrict this boost to a specific sport, such as the NFL, but it’s usually available across all sports markets.
- Refer a Friend: You get this bonus for inviting a friend to sign up on FanDuel. You typically get a $50 bonus for each friend you refer - it’s the closest thing we have to a FanDuel promo code of $50 for existing users. However, you can claim it only 5 times per month. FanDuel uses a referral link to track invites, so your friend must register using your unique link to receive the bonus.
- FanDuel Bet Protect: This is a type of bet insurance at FanDuel. It is available on NBA bets, offering you a refund if you place a player prop bet, and the player leaves the match in the first quarter. You get the refund as bonus bets, but it doesn’t apply to live bets.
You don’t need FanDuel promo code for existing users for these offers, but you need to meet the minimum wager amount and other requirements to be eligible for the promos. Always check the promo’s terms and conditions before you participate.
Other services and welcome bonuses at FanDuel
While the FanDuel bet $5 get $200 bonus is available to anyone who signs up for sports betting, there are other welcome bonuses you can claim for other services on the site. You can find the bonuses listed below, along with a description of the different services I often enjoy when I am not placing sports wagers at FanDuel:
| Service | Welcome bonus | Offerings |
|---|---|---|
| Casino | Deposit $10, Get 500 Bonus Spins + $40 in Casino Bonus | Minimum deposit of $10, with 1x wagering requirement |
| Daily Fantasy Sports | Play $5 Get $25 in bonus | Numerous markets, including football, baseball, basketball, hockey, golf, UFC, and Tennis. |
| Horse Racing | Bet $10, Get $50 in Racing Bonus | Flat Thoroughbred racing, Harness racing, and National Hunt racing. |
| Faceoff | 100% match up to $10 in bonus cash | Word & Puzzle games, cards, matching games, sports-themed games, and arcade games. |
- Casino: While you’re waiting for the next sports event to start, you can spend some time on the FanDuel Casino section, playing slots, blackjack, roulette, arcade games, and live dealer titles.
- Daily Fantasy Sports (DFS): This is a fun service that lets you build your team roster by selecting players from various professional teams. You then get to compete against other individuals in daily tournaments to see whose roster is best.
- Horse racing: If you love pari-mutuel betting with odds that vary based on the bet pool, the FanDuel Racing section is a great place to be. Here, I’ve found fun races, and the streaming option gives you something to look forward to.
- Faceoff: For access to various games where you get to compete against other players, head over to the FanDuel Faceoff app. If you’re a new player, FanDuel ensures you don’t get overwhelmed, thanks to the skills-based matchmaking that ensures you only play against players of a similar level.
Having access to various services and welcome bonuses is great, but you should understand that the operator only allows one account per user. FanDuel promos also have an expiration date, so always check the specific promotion’s terms and conditions first. For instance, the FanDuel bet $5 get $150 for the FanDuel sportsbook service is also a previous offer of the site. Also, note that the offer may vary by location.
Conclusion: How do I feel about the FanDuel bet $5 get $200 bonus?
The FanDuel bet $5 get $200 bonus was one of the top promotions you’ll find at an online sportsbook. I’ve compared it to what you find at the best US sportsbooks, and it’s well above the average you can get. One of the benefits of FanDuel promotions is that the operator continually improves them to match what other operators offer. So, if you’re claiming the FanDuel welcome bonus or ongoing promotions, you’re surely getting one of the best out there.
FanDuel is available in 25 US states, but the operator does a great job of maintaining a uniform welcome promotion across all of them. Always confirm first that the bet-and-get offer is available in your location on this page, and sign up to claim your bonus using the link provided.
