On Tuesday, FanDuel announced that they are offering a $10 credit to every user that has a daily fantasy sports and sportsbook account with the company. The credit comes when mainstream sports are returning over the next 10 days.
FanDuel has over eight million registered accounts, which means they will give away $80 million in site credit. This is a large number, but it is unlikely that most bettors will win their $10 back between daily fantasy sports or wagering it on a game. The $10 offer will expire if they do not use it by August 2.
“We are excited for the return of sports and wanted to give all of our customers a chance to get in on the action for free,” Mike Raffensperger, CMO of FanDuel Group, said in a statement. FanDuel is also offering sportsbook bettors their first $100 back, starting Tuesday, in the form of a risk-free bet.
FanDuel is the leading mobile sportsbook with a 45% share in New Jersey.
New Jersey Bettors Rejoice
FanDuel is handing out some of the best promotions with the return of the MLB, NBA, and NHL. Baseball is up first, which has Opening Day scheduled for this Thursday. The NBA will restart on July 30, and the NHL August 1.
FanDuel understands the pent up need to wager on mainstream sports, and they are taking advantage by giving customers a free $10 credit and $100 risk-free bet. Every customer will receive a free $10 to use by August 2.
FanDuel is also offering sportsbook bettors their first $100 back, starting Tuesday, in the form of a risk-free bet. Between July 21 and August 2, FanDuel will refund bettors their first $100 if they find themselves down during the return of sports.
These promotions will help bettors get action on games in the upcoming weeks, and will help FanDuel Sportsbook, which has struggled during the coronavirus shutdown. Sportsbooks everywhere have been hit hard by the lack of sports to bet on, and now FanDuel will be able to take advantage as all three major U.S. sports will return with football still on schedule for Septemeber.
Look for FanDuel to offer more promotions, especially in states where they have a stronghold on mobile betting. FanDuel is the leading mobile sportsbook with a 45 percent share in New Jersey, the second-largest betting state behind Nevada, and 49 percent in Pennsylvania, which is third in the share.
With sports returning, this is a great time to take advantage of the multiple offers FanDuel is giving its customers. Players will now have mainstream sports to bet on all day every day during these beginning weeks. The NBA and NHL will have games all day, and the MLB should have close to 15 games to bet on almost every night.
Other FanDuel Promotions
When a new player signs up, FanDuel is offering a $500 risk-free bet to all users. The bet allows new players to risk up to $500 on their first bet with FanDuel. If a player wins their first bet, then they will see their $50 winnings in their bankroll. However, if they lose the first bet, then FanDuel will credit you $50 for the loss.
Another one is parlay insurance. FanDuel offers customers parlay insurance if one of the games in the parlay loses. Players will receive a refund of up to $25 if the parlay loses.
These are one of the many incentives FanDuel gives customers along with the new promotions they are offering with the restart of sports.