FanDuel Sportsbook has stepped up its signup bonus for new users. Today they announced an evergreen $1,000 risk-free bet offer available in all states where FanDuel’s sports betting app is currently live.
The new offer comes just as a massive betting month is set to kickoff in September, with an unbelievable menu of sports:
What sports in September could look like (updated):
Sept. 5: Kentucky Derby
10: NFL opener: HOU at KC
12: Premier League, ACC/Big 12 begin
13: NFL Week 1
17-20: U.S. Open
19: UFC 253
22: Stanley Cup Final begins
26: SEC begins play
27: MLB regular season ends
30: NBA Finals
— Ben Fawkes (@BFawkes22) August 31, 2020
FanDuel’s Risk-Free Bet Promo Offer
For two years now, FanDuel has a run a $500 risk-free bet available to all new users on its sports betting platform. This has remained a fairly normal sportsbook signup bonus, no better and in some cases worse than many of its peers.
But with more states coming online this year – Colorado, Illinois – and more sportsbooks than ever, including the upcoming launch of Barstool Sportsbook, FanDuel has to get more promotional if it wants to extend its lead as the most popular online sportsbook.
Enter $1,000 risk-free.
It’s available to new users in all states and can be claimed by clicking here .
- Offer: Risk Free $1000 Bet
- Who: New Users Only
- States: All SBK eligible states
- Term: Evergreen offer!
- Platform: Web and Mobile
To claim, new users need to register, make a first deposit, and then simply place their first real-money wager on FanDuel Sportsbook up to $1,000. If they lose their first wager, FanDuel will refund loses in the form of a free-bet up to $1,000.
What makes FanDuel’s offer stand out is that when a user wins a bet with their free bets, FanDuel pays out the profit as well as the value of the wager.
For example: If a user bets a +100 market with a $25 free bet and wins, they receive both the $25 in winnings as well as the initial $25 value of the wager back. Some sportsbook only offer the profit portion of the free wager.
This is a big step up from FanDuel.
FanDuel’s Market Dominance Facing Increased Competition
FanDuel typically comes in as the highest-handle operator in multiple states, according to BetNewJersey.com. It’s chief rival, DraftKings Sportsbook, has been just as aggressive in its marketing campaigns – recently rolling out a $101 free bet for the NFL – but both are facing increased threats from the likes of William Hill, and even PointsBet, which just struck an agreement with NBC Sports.
This means FanDuel and DraftKings can’t rest on their market leading positions and large customer bases. Both have to get more competitive to keep their lead, and this $1,000 risk-free bet offer from FanDuel is a strong start.