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FanDuel Promo Code June 2024: Bet $5, Get Up To $300 Bonus
FanDuel promo code summary 💰 Sign-up bonus (USA) Bet $5, get $200 if your bet wins 💰 Sign-up bonus (OH, MA) Bet $5, get $300 if your bet wins 💵 Minimum deposit $10 💵 Minimum wager $5 💲 Eligible bet types All bet types 🌎 Eligible states AZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, MD, MA, MI, NC, NJ, NY, OH, PA, TN, VT, VI, WV, WY 📱 FanDuel mobile app iOS and Android 🕒 Offer expiry (USA + NC) June 23, 2024 🕒 Offer expiry (OH, MA) June 30, 2024 ✅ Last verified June 8, 2024 FanDuel promo code terms and conditionsWhile you won't need a FanDuel promo code, the sportsbook's new-user welcome bonus is incredibly easy to claim. Consider the following terms and conditions:
You must download the FanDuel Sportsbook app to claim the welcome bonus.
Make a minimum deposit of $10 into your new account.
Place an initial $5 real money wager on any available market. If your wager wins, FanDuel Sportsbook will award $200 in bonus bets within 72 hours of your bet settling. Customers in Massachusetts and Ohio can win $300 in bonus bets.
If you win a wager using your $200 in bonus bets, the bonus amount is not returned as part of your winnings. For example, if you use your $200 bonus on a betting market with +100 odds and win, you will receive $200 in withdrawable cash — not $350.
Your bonus funds are valid for seven days after issuance.
This Covers-verified FanDuel Sportsbook promo expires at 11:59 p.M. ET on June 23, 2024 or June 30 in OH and MA only.
We've identified and tested the best FanDuel Sportsbook welcome offers at the state level. These sign-up offers were previously only accessible via a promo code. Today, creating an account and making an initial deposit is enough to claim the welcome bonuses.
Bet $5, get $200 if your bet winsBet $5, Get $200 if Your Bet Wins
Ends: Jun. 23, 2024
FanDuel Sportsbook's latest new-user promo requires just a $10 deposit and a $5 wager on any available market. FanDuel will issue $200 in bonus bets within 72 hours if your $5 qualifying wager wins.
Covers Tip: Bonus bets you receive from the FanDuel Sportsbook welcome offer can be broken up into multiple future wagers. However, any unused portions of the sign-up bonus will be automatically withdrawn from your account after seven days.
Bet $5, Get $300 if Your Bet Wins
MA and OH only
New users in Massachusetts and Ohio do not need a FanDuel promo code to score $300 in bonus bets if their initial $5 wager hits. Just deposit $10, and the operator will issue $300 in bonus bets within 72 hours if the qualifying wager settles as a winner.
Covers Tip: Similar to FanDuel's national offer, new users in Massachusetts and Ohio must download the FanDuel Sportsbook app to qualify for this offer.
Before claiming the FanDuel promo code, please review the eligibility requirements outlined below to ensure you can register with the online sportsbook:
You are at least 21 years old, except if you are in Wyoming or Kentucky, where the legal age for betting is 18.
You are physically located in a state where FanDuel legally operates — AZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, MD, MA, MI, NC, NJ, NY, OH, PA, TN, VT, VI, WV, and WY. You do not have to permanently reside in these states but must be within their borders when using FanDuel.
The welcome bonus is for new users only, meaning you are ineligible to receive the offer if you have claimed a promotion previously.
You are not directly involved — athlete, coach, referee, owners, etc. — with the sports team or league that you are wagering on.
You are ineligible to use FanDuel if you are on any self-exclusion lists for gambling. If you are struggling, please refer to FanDuel's responsible gaming features on this page for assistance.
Claiming an online sports betting sites' new-user incentive can sometimes be tricky. This is why we've broken down the sign-up process below to help you easily score FanDuel's latest welcome offer:
1
RegisterThe registration process is simple — simply click here if you live in one of the 22 states (+ DC) in which FanDuel Sportsbook operates. Make sure to have your personal information ready, such as date of birth and mailing and email address. Don't forget to download the FanDuel Sportsbook mobile app, too — you don't need it to register, but you will need the app to claim your bonus.
2
Deposit fundsOnce you've created your FanDuel Sportsbook account, it's time to deposit funds. To claim your welcome bonus, you must make a minimum deposit of $10.
3
Make a wagerPlacing your first real money wager is next on the agenda. New users can make a $5 initial wager on any FanDuel sports betting market to win $200 in bonus bets.
4
Withdraw winningsIf you win, your bonus funds will appear in your account within 72 hours of the bet settlement. Complete a one-time playthrough requirement to unlock your winnings.
Is FanDuel legal?There are presently 22 states (plus DC) in which FanDuel Sportsbook legally operates. If you are 21 or over and within one of these locations' borders, you'll be eligible to nab the sportsbook's latest promotional offer.
State Sign-up bonus Launch DateBet $5, get $200 if your bet wins
September 2021 Bet $5, get $200 if your bet wins May 2020 Bet $5, get $200 if your bet wins October 2021 Bet $5, get $200 if your bet wins April 2024 Bet $5, get $200 if your bet wins August 2020 Bet $5, get $200 if your bet wins October 2019 Bet $5, get $200 if your bet wins September 2020 Bet $5, get $200 if your bet wins September 2022 Bet $5, get $200 if your bet wins September 2023 Bet $5, get $200 if your bet wins January 2022 Maryland Bet $5, get $200 if your bet wins November 2022 Massachusetts Bet $5, get $300 if your bet wins March 2023 Bet $5, get $200 if your bet wins January 2021 Bet $5, get $200 if your bet wins September 2018 Bet $5, get $200 if your bet wins January 2022 Bet $5, get $200 if your bet wins March 11, 2024 Bet $5, get $300 if your bet wins January 2023 Bet $5, get $200 if your bet wins July 2019 Bet $5, get $200 if your bet wins November 2020 Bet $5, get $200 if your bet wins January 2024 Bet $5, get $200 if your bet wins January 2021 Bet $5, get $200 if your bet wins August 2019 Bet $5, get $200 if your bet wins March 2022Check out our legal tracker to view a list of states with legal sports betting and to find out where else FanDuel may be coming soon.
Best FanDuel bonus offers for existing usersFanDuel provides several offers and daily boosts for a wealth of online sports betting markets, allowing users to quickly identify the highest betting value opportunities currently available with the online sportsbook. For example, those who submit the most correct answers to weekly prop bet questions (no wagering required) for the operator's 'Over/Under' promotion will split the payout with respect to each eligible game.
Here are some other current FanDuel Sportsbook promotions:
FanDuel promo Description Same Game Parlay+ Select multiple bets from any combination of games under the 'Same Game Parlay' tab and place your wager. This can include game pros, player props, and more. The maximum bonus is $1,000 in site credit. Daily Boosts FanDuel offers a rotation of great boosts for various sports and markets, including NBA, NHL, NHL, and MLB. Browse the available bonuses in the "Promotions" section and opt-in to increase your potential winnings. Dinger Tuesday Opt-in and place a minimum $25 pre-game moneyline wager on any Tuesday MLB game during the season and receive a $5 bonus bet for every home run hit during that game. The max return is $25, and the bonus expires after seven days. Retention Deposit Offers FanDuel will periodically message existing customers with retention offers that include bonus bets for making deposits. List of sports you can bet on with FanDuelFanDuel Sportsbook is amongst the industry's best when it comes to competitive odds and the sheer number of markets available. Additionally, FanDuel offers a wide variety of betting options spanning all of the major North American sports leagues, including:
NFL
MLB
NBA
NHL
Users can also wager on soccer, golf, esports, rugby, college football, and college basketball. Combat sports fans can celebrate knowing that FanDuel Sportsbook also makes our lists of the best UFC betting sites and boxing betting sites. Those with a need for speed will be thrilled to know that FanDuel is also firmly cemented on our top F1 betting sites list for 2024.
Sportsbook bonus comparison Welcome bonus Bet $5, get up to $300 if your bet wins $1,500 No Sweat Bet $1,000 First Bet on Caesars $1,500 in bonus bets Promo code Not required Not required COVERSBONUS1000 CVRBONUS1500 Bonus type Bet and get Second chance bet Second chance bet Second chance bet Bonus form Up to $300 in bonus bets One (1) $1,500 bonus bet One (1) $1,000 bonus bet One (< $50) or five (> $50) bonus bets Wagering period 7 days 7 days 14 days 7 days Min. Deposit $10 $5 $10 $10 Covers BetSmart Bonus Rating ⭐ 4.9/5 ⭐ 4.6/5 ⭐ 5/5 ⭐ 4.8/5 FanDuel Casino promo$20 + Up to $1,000 Back
New FanDuel Users Only
No FanDuel Casino promo code is necessary to score $20 in site credit and up to $1,000 back as part of the FanDuel Casino welcome bonus. If you're in Connecticut, Michigan, New Jersey, Pennsylvania, or West Virginia, you get $20 in site credit and can receive refunds of up to $1,000 on all unsuccessful wagers placed within the first 24 hours of opening your FanDuel Casino account.
Check out our FanDuel Casino Review for more information on one of the top real money online casinos in the U.S.
A $10 minimum deposit is required to claim the FanDuel Casino bonus.
Have seven days to meet the offer's 1x wagering requirement.
The bonus is non-withdrawable, but winnings earned from the FanDuel Casino bonus can be withdrawn immediately.
$100 Deposit Match
New FanDuel Fantasy Users Only
FanDuel is one of the premier sites for daily fantasy sports (DFS) contests in the U.S. DFS contests allow you to experience the thrills of fantasy sports without being tied to just one team of players all season, instead selecting players you believe will score the most fantasy points on that particular day to earn top prizes. You can now earn a 100% deposit match of up to $100 on your first deposit of at least $5 on any available daily fantasy sports contest type.
FanDuel offers daily fantasy sports contests for most sports leagues, such as NFL, NBA, MLB, and NHL. A few of the most common FanDuel DFS contests include:
100% Match up to $10
New FanDuel Users Only
At FanDuel Faceoff, you can play popular games and exclusive titles — for free or with real money — against real people to win cash prizes. Check out favorites like Puzzle Pyramid, Swish Showdown, Jordan Spieth Fairway Frenzy, and more on the FanDuel Faceoff app.
Sign in with your FanDuel credentials or register today to win a share of $100,000 in new-user monthly rewards plus a $10 deposit match.
FanDuel Racing bonus$500 No Sweat First Bet
New FanDuel Users Only
Get in on a packed 2024 horse racing slate with FanDuel Racing by creating a new account and claiming our Covers-verified welcome bonus today. Take advantage of a $500 No Sweat First Bet by placing your first wager on any race. FanDuel will return the full amount as Racing Credit if you lose, and no FanDuel Racing promo code is required.
Here's a quick breakdown of the current FanDuel Racing promo:
If you win your first bet, you do not receive a bonus.
If you lose your first bet, you receive the full amount back in Racing Credit, up to $500. You have seven days to use your Racing Credit.
The bonus is non-withdrawable, but you may withdraw winnings earned from the Racing Credit immediately.
Up to $75 Referral Bonus
No code required
Successfully refer-a-friend to FanDuel Sportsbook today to earn $75 in bonus bets. Simply send your unique referral code to your interested friend, and have them deposit and wager at least $10 within 30 days of creating their account to earn this solid sportsbook referral bonus. No market restrictions apply. Once your friend meets the requirements, each of you will receive a $50 bonus bet. The bonus will be issued to your account within 72 hours of your friend's qualifying wager settling and expires 14 days from issuance.
You'll also get a $25 FanDuel Casino bonus if you reside in Michigan, New Jersey, Pennsylvania, or West Virginia.
FanDuel sportsbook reviewBet $5, Get Up to $300
Ends: June 30, 2024
Covers verdict FanDuel is one of the industry's premier sportsbooks in 2024, highlighted by its extremely accessible welcome offer for new users. The bonus is a straightforward 'bet and get' sportsbook promotion that comes with no hidden terms or outrageous wager requirements, making it easy to claim and redeem no matter your betting experience. FanDuel also offers a top-tier customer support team if you have any issues claiming or using the bonus.
FanDuel is the perfect online sportsbook for bettors of all experience levels. So no matter if you've been betting on sports for 10 years or 10 minutes, we'd suggest giving FanDuel a try. The sports betting site excels in every major category we evaluate operators on, including bonuses, security, and the overall user experience.
Bonuses and promotions ⭐ 4.8/5 Banking and payout speed ⭐ 4.6/5 Key features ⭐ 4.7/5 Security and trust ⭐ 4.8/5 Customer support ⭐ 4.6/5 User experience ⭐ 4.8/5 Betting odds ⭐ 4.5/5 Editor's note: User reviews may be edited for clarity."This book is outstanding. Easily the highest limits in the industry. Limits are posted, unlike others who make you submit a bet and have it go through manual review if it's over their unposted limits (Caesars, DraftKings, etc.)."
- Reddit reviewer
"Best sportsbook app in the game. Loads fast as lightning, painless login, and a clean interface."
- Miguel, Google Player Store user
We've outlined several notable awards FanDuel has eearned since launching its sportsbook in the U.S. In 2018:
FanDuel at a glance 💰 Sign-up bonus Bet $5, get $200 if you bet wins 🏅 Top feature Best user experience 💵 Minimum deposit $10 💵 Minimum wager $5 🕒 Payout speed Within 24 hours
App Store rating 4.8/5 ⭐ (183.5K reviews) 
Google Play rating 4.6/5 ⭐ (274.6K reviews) 🌎 Available states AZ, CO, CT, IL, IN, IA, KS, KY, LA, MD, MA, MI, NC, NJ, NY, OH, PA, TN, VT, VA, WV, WY (+ DC) ✅ Last verified June 8, 2024 FanDuel iOS app
What we likeMobile app: We hold the FanDuel Sportsbook app in high regard, offering bettors seamless access to all of the same great features found on desktop, like available betting markets, ongoing promotions, live streaming, and more.
Top-notch user experience: Due to its user-friendly design, knowledgeable support team, and access to a magnitude of betting markets, FanDuel is guaranteed to deliver one of the best sports betting experiences in the industry. FanDuel is also continually working to increase accessibility and usability functions across its platforms for disabled bettors, conforming to level Double-A of the World Wide Web Consortium Web Content Accessibility Guidelines 2.0.
Live betting: Want to get in on the action for a game you're watching in real time? FanDuel's 'Live Now' section allows you to watch and wager on top matches across a variety of sports as they unfold.
What we don't like
Limited withdrawal options: Unfortunately, FanDuel has limited options for withdrawing funds from your account, as the online sportsbook only offers five payment methods. Though each method is secure, we'd like to see this number increase in the future.
Scrambled player prop menus: We've noticed that FanDuel's player prop market can be hard to locate due to sections often being misplaced or mislabeled. Making these popular betting markets easier to find would significantly enhance the betting experience for all users.
Check out our FanDuel review to learn more about one of the industry's best sportsbooks.
We give FanDuel Sportsbook a 4.5/5 on our Covers BetSmart Rating system for its betting odds — which are provided by Flutter — meaning that the operator offers above-average odds for all its available betting markets.
FanDuel caps the maximum winnings at $1,000,000 for all betting events and bet types, including straight wagers, parlays, same-game parlay, and more. FanDuel reserves the right to cancel any parlay wager placed on duplicate events, regardless if the odds differ. FanDuel Sportsbook reserves the right to restrict any bettor at its discretion.
FanDuel customer supportFanDuel is committed to providing exceptional customer service across all mediums, including phone, email, and 24/7 live web chat. You can typically expect a response within 24-36 hours, though it's usually quicker than that, especially if you're using the live chat. Social media reply times may vary, and customer service is only offered in English.
Keep up with the latest FanDuel news and legal U.S. Sports betting market activity.
June 6, 2024: FanDuel Sportsbook up its latest welcome bonus to 'bet $5, get $200 in bonus bets if your bet wins' across most states, while MA and OH customers earn a 'bet $5, get $300 in bonus bets if your bet wins.'
May 24, 2024: A New York court rules that the FanDuel founders can proceed with their lawsuit under Scottish Law filed against Paddy Power Betfair from 2018.
May 22, 2024: FanDuel generates a substantial increase in D.C. During their first month as the state's main sports betting option, earning a 673% year-over-year handle increase.
May 14, 2024: FanDuel 'off to a flying start' in Q1 of Flutter's NYSE listing, maintaining a 52% share of the U.S. Net gaming revenue.
May 10, 2024: FanDuel exceeds expectations for its launch in DC, generating over $13 million in handle during the first 14 days of operation.
May 10, 2024: FanDuel wins 'Sportsbook Operator of the Year' at the 2024 SBC Awards.
May 1, 2024: FanDuel updates its national welcome offer to 'bet $5, get $150 if your bet wins', while new bettors in Massachusetts and Ohio can score a $300 bonus if their first wager wins.
April 13, 2024: FanDuel takes over for GambetDC in DC as a subcontractor.
April 9, 2024: FanDuel updates its latest welcome offer — bet $5, get $150 in bonus bets.
April 6, 2024: Iowa and UConn's Final Four matchup was FanDuel's top women's single betting event of all time.
March 27, 2024: FanDuel, along with six other major online sportsbooks, launch the Responsible Online Gaming Association (ROGA).
March 27, 2024: Flutter — the parent company of FanDuel Sportsbook — announces revenue of $11.8 billion for 2023 with widening losses globally.
March 25, 2024: FanDuel North Carolina changes its welcome bonus to reflect the national offer — $200 in bonus bets.
March 15, 2024: Four suspects are wanted after an attempted robbery at a FanDuel Sportsbook section of the Valley Forge Casino in Pennsylvania.
March 11, 2024: FanDuel takes over from GameBetDC as mobile sports betting operator in DC.
March 11, 2024: FanDuel is one of eight online sportsbooks to officially launch on the first day of legal sports betting in North Carolina.
March 1, 2024: FanDuel unveils its North Carolina pre-launch welcome offer — $300 in bonus bets.
Feb. 27, 2024: North Carolina will start online sports betting sign-ups on Friday, and Covers' own Geoff Zochodne outlines what to expect from FanDuel and other expected sportsbook operators.
Feb. 26, 2024: FanDuel helps New York's sports betting revenue to bounce back, bringing in $17.2 million in profits for the week of Feb. 11, which is more than double from Super Bowl week.
Feb. 26, 2024: FanDuel hires E. Sequoyah Simermeyer, an experienced Tribal Gaming leader, as Vice President of Strategic Position.
Feb. 21, 2024: FanDuel acquires BeyondPlay, a multiplayer engagement platform and jackpot management system, to enhance its iGaming offerings.
Feb. 21, 2024: FanDuel is among several sportsbooks offering betting options for when and how Lebron James reaches 40,000 points, which has never been achieved in NBA history.
Feb. 12, 2024: FanDuel Sportsbook offers new users $150 in bonus bets in exchange for a $10 deposit and $5 wager.
Feb. 3, 2024: The Jacksonville Jaguars ask FanDuel to return $20 million from the Amir Patel defrauding scandal.
Jan. 30, 2024: FanDuel partners with Operation HOPE to provide Massachusetts residents with financial literacy education and free financial counseling.
Jan. 29, 2024: Flutter begins trading on the New York Stock Exchange, emphasizing FanDuel's parent company's strategic shift to the U.S. Market.
Jan. 29, 2024: FanDuel offers new sportsbook users $200 in bonus bets in exchange for a $10 deposit and $5 wager.
Jan. 24, 2024: FanDuel's parent company, Flutter, will be delisted from the Euronext Dublin on Jan. 29, 2024, ahead of its New York Stock Exchange IPO debut.
Jan. 18, 2024: FanDuel's revenue jumps 26% year-over-year, earning $1.4 billion in Q4 of 2023.
Jan. 15, 2024: FanDuel and DraftKings give $250,000 each to help start a petition drive to bring legal sports betting to Missouri.
Jan. 11, 2024: FanDuel opens its doors in Vermont as the state officially launches legal sports betting.
Jan. 10, 2024: Rob Gronkowski returns for the FanDuel Kick of Destiny 2 at Super Bowl 58. Gronk will kick a field goal, in which everyone who bet $10 with FanDuel will get a bonus bet on the outcome for a portion of the $10 million prize pool.
Dec. 29, 2023: FanDuel is among the initial list of operators applying for a North Carolina sports betting license, vying to offer legal services when legalization occurs later this year.
Dec. 12, 2023: FanDuel is one of three online sportsbook to go live when legal Vermont sports betting launches on Jan. 11, 2024.
Dec. 1, 2023: FanDuel paid out $13.4 million to more than 20,000 people who placed a popular same-game parlay for the Dallas Cowboys and Seattle Seahawks game on Nov. 30, 2023.
Nov. 29, 2023: FanDuel extends its 'Bet $5, win $150' welcome offer until Dec. 28, 2023.
Nov. 20, 2023: After an investigation, FanDuel cites a computer glitch as the reason for suspicious wagering on horse betting.
Nov. 16, 2023: FanDuel begins an investigation into several accounts suspected of suspicious horse betting activity on the TVG platform.
Nov. 16, 2023: FanDuel adds 'BetVision' technology to its sportsbook, care of Genius Sports.
Nov. 7, 2023: FanDuel removes the NBA League Pass component of its welcome bonus.
Oct. 19, 2023: New FanDuel users can claim a three-month trial subscription to NBA League Pass along with $200 in bonus bets when they sign up and bet $5.
Sept. 28, 2023: FanDuel officially launches in the Bluegrass State to celebrate to arrival of legal online Kentucky sports betting.
Sept. 18, 2023: The $100 Sunday Ticket portion of the FanDuel welcome offer comes to an end.
Sept. 7, 2023: FanDuel begins accepting online real money deposits ahead of the online Kentucky sports betting launch.
Aug. 28, 2023: FanDuel Kentucky goes live with its pre-launch offer: $100 in bonus bets.
Aug. 22, 2023: FanDuel receives a temporary online sports betting license for Kentucky. The state goes live for mobile wagering on Sept. 28, 2023.
Aug. 21, 2023: FanDuel launches a 'bet $5, get $200' promotion for football season. Users also receive $100 off the purchase of NFL Sunday Ticket.
Aug. 4, 2023: FanDuel offers $1,000 No Sweat First Bets in all active states but AZ, CO, IL, and TN. Bettors in those four states can bet $5 and get $150 in bonus bets.
July 17, 2023: FanDuel launches a 'Bet $5, Get $100' offer with a $10 bonus bet promotion for the 2023 FIFA Women's World Cup.
March 10, 2023: FD officially launches its Massachusetts sports betting app on the opening day of wagering in the state.
Jan. 1, 2023: FanDuel is among the first wave of operators to launch its Ohio sports betting app when legal online sports betting went live.
Future states - Upcoming FanDuel launchesFanDuel has continued to expand its U.S. Footprint in 2024, launching in Vermont on Jan. 11, 2024, and in North Carolina on March 11.
On April 15, 2024, FanDuel officially launched its online sportsbook in DC, taking over for GambetDC.
Responsible gaming at FanDuelFanDuel prioritizes responsible gaming and is committed to protecting all of its players. The operator offers several useful tools — including user limits, pre-set timeout periods, and access to activity statements — to help those who may feel they are succumbing to gambling issues.
Furthermore, FanDuel works closely with numerous external organizations that specialize in consumer protection issues to provide users with additional resources, which can be accessed via phone, online, or in various retail locations.
Visit FanDuel's Responsible Gaming Resources
More sportsbook sign-up bonusesResearch and evaluation are critical to ensure you are getting the right sportsbook for you.
We've analyzed each operator to make comparisons as straightforward as possible. Check out some of the best sportsbook sign-up bonuses in 2024 below:
Best Caesars Bonus
Learn about the best sportsbook welcome bonus at Caesars.
Best BetMGM Bonus
Check out the top BetMGM Sportsbook sign-up bonus.
Best DraftKings Bonus
Claim your DraftKings sign-up promo today.
FanDuel promo code FAQWhat is the FanDuel sportsbook promo code for new users?
No FanDuel sportsbook promo code is needed to claim FanDuel's latest welcome offer. Simply Click here to register, deposit $10, and place a $5 wager. You'll receive $200 in bonus bets within 72 hours if your qualifying wager wins. New bettors in Massachusetts and Ohio can score a $300 bonus if their first wager is successful.
How does the FanDuel bonus work?
FanDuel awards $200 in bonus bets following your initial $10 deposit and a winning $5 real money wager. Those in Massachusetts and Ohio will get $300 if they win.
How do you turn FanDuel bonus credit into cash?
Users can collect deposit bonuses once entered contests have been settled. A deposit bonus is released as cash at a 4% rate, depending on the entry fee of the contest you've selected. These bonuses are released gradually to prevent fraud and the creation of multiple FanDuel accounts. First-time deposit bonuses do not expire, but others may.
What is a FanDuel MVP bonus?
Some FanDuel DFS contests include an MVP bonus, which is a payout split amongst everyone who picks a specific player to be the MVP of the night (fantasy-wise). If the player you've selected scores the highest amount of fantasy points that evening, you are eligible to win bonus money. These contests can easily be found as they often have 'MVP Bonus' within the title.
How to get a pending bonus on FanDuel?
Users are typically offered a deposit bonus following their initial deposit and when special promo offers become available. Bonuses are generally achieved intermittently, depending on the kinds of contests you enter and how frequently you play. Any bonus cash you earn is slowly released into your account automatically. The remaining deposit bonuses you are eligible to earn show up in the account menu with the status 'pending bonus.'
What online banking options do I have to deposit real cash on FanDuel Sportsbook?
To deposit on FanDuel Sportsbook, your online banking options include: Visa, Mastercard, PayPal, PayNearMe, bank transfer, echeck, and more.
Are there any current promotions for daily fantasy sports?
Yes, there are current promotions for daily fantasy sports. Refer to the FanDuel DFS section after registration with the online sportsbook.
Are there any bonus offers for same game parlays?
Yes, there are bonus offers for same game parlays. This includes the No Sweat TNT NBA promo from FanDuel Sportsbook.
Pages related to this topicJeff Watters is senior content editor for Covers, locked in on North American sports betting and iGaming expansion and leading a talented team of expert analysts and sportsbook reviewers. Jeff's career in gambling and e-learning has spanned more than a decade, allowing him to "think like a user" when assessing the latest sportsbook features and providing local coverage of regulated sports betting markets. Jeff is passionate about providing comprehensive, transparent, and unbiased betting analysis and giving Covers readers the confidence they need to come to their own conclusions when deciding how and where to bet on sports.
Ulta Beauty Is Nearly A $12 Billion Business. And 95% Of This Comes From 1 Source.
This is a key point that investors seem to have forgotten, which is why this is such a good opportunity.
With roughly 1,400 locations, Ulta Beauty (ULTA -0.59%) is one of the largest cosmetics retailers in the world. This year, management expects the company to generate net sales of at least $11.5 billion, which is enormous.
In addition to selling products that are widely available, Ulta Beauty sells exclusive products that can only be purchased at its stores. And beyond selling cosmetic products, it also offers in-store services such as hair and nail salons. This combination of products and services differentiates it from some of its competitors and keeps customers coming in.
I'll readily admit that I'm not a customer and can't offer any personal anecdotes to explain Ulta Beauty's success. That said, I can recognize something special when I see it from the sidelines. As of the first quarter of 2024, the company had over 43 million active loyalty members -- that doesn't just happen out of the blue.
To be clear, the term "loyal" isn't just an empty label for Ulta Beauty's members. These customers are truly loyal to the brand. In 2023, a whopping 95% of the company's sales came from these 43 million shoppers.
In other words, anyone can drive up and shop at an Ulta Beauty store. But most of the company's sales come from just a single source: its loyalty members. And that's significant to an investment thesis today.
For those unaware, many investors seem scared to buy Ulta Beauty stock right now because times are tough from a competitive standpoint.
At the start of this year, Ulta Beauty's management predicted net sales of $11.7 billion to $11.8 billion in 2024. That would have represented only about 4% to 5% top-line growth from 2023. But in Q1, management lowered its full-year guidance to $11.5 billion-$11.6 billion, which is even more modest growth.
In the cosmetics space, there's a relatively low barrier to entry. Celebrities can (and often do) launch their own product lines, which quickly catch on with fans. And beauty products lend themselves to viral social-media marketing. Simply put, newcomers can come in and quickly steal sales away from Ulta Beauty.
On top of this threat to its market share, Ulta Beauty's management notes that 2024 is a slow year for growth in the space overall. In short, there's no rising tide to lift its boat, and other players are actively trying to sink it.
This contributes to investors' hesitancy to buy Ulta Beauty stock. As a result, shares have dropped to uncharacteristically cheap levels, as the chart below shows.
ULTA PS Ratio data by YCharts
If Ulta Beauty were on the cusp of irreversibly losing market share to rising stars in the cosmetics space, then there would be good reason to avoid investing in the stock even though it's cheap. Cheap stocks aren't good buys when the business is in decline.
However, investors should remember that almost all of Ulta Beauty's sales come from its loyalty members. Therefore, it's reasonable to expect the company to at least retain most of the business that it has. If this is so, then Ulta Beauty is a cheap stock to seriously consider buying now.
For its part, Ulta Beauty's management is quickly taking advantage of the cheap stock price. The company spent almost $300 million repurchasing shares in Q1, which was the most it had spent in a single quarter in a year. And management is authorized to spend $1.8 billion more at its discretion. Considering the stock is still cheap, I wouldn't be surprised to see management keep moving fast.
This is great for shareholders. In his 2022 letter to Berkshire Hathaway shareholders, investing great Warren Buffett said, "When a company overpays for repurchases, the continuing shareholders lose." There was much more to Buffett's point here in that letter. But suffice it to say that share repurchases generally work out better when the stock is cheap, as in the case of Ulta Beauty.
Ulta Beauty's sales are more resilient than one might think thanks to its 43 million loyalty members. Investors seem to have forgotten this point, which has dropped the stock to cheap levels. This is actually good for shareholders, since management can repurchase shares at those cheap levels. But it's also an opportunity for retail investors to buy shares of Ulta Beauty today at attractive prices for the long haul.
Jon Quast has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway and Ulta Beauty. The Motley Fool has a disclosure policy.
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