FanDuel Racing Promo Code: Up To $500 No Sweat First Bets in May 2025

Name: FanDuel Racing Promo Code: Up To $500 No Sweat First Bets in May 2025
Item: FanDuel Racing
Rating: 4.8
Author: Devon Taylor

The busiest time of the racing season is May and June, but FanDuel Racing has a special welcome offer available all year round. All new users who sign up for 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.

FanDuel Racing promo code
💰 FanDuel Racing bonus (new users)	Up to $500 No Sweat First Bet
⭐Promo Code	No code required
💸 FanDuel Racing promo type	First-bet insurance
💳 Minimum deposit	$10
💵 Minimum wager	$1.00
🏇 Eligible bet types	All bet types
🌎 Available states	AR, AZ, CA, CO, DE, FL, ID, IL, IN, KY, LA, MA, MD, MI, MN, MT, ND, NH, NM, NY, OH, OR, PA, RI, SD, VA, WA, WV, WY
📱 FanDuel Racing mobile app	iOS and Android
✅ Last verified	May 28, 2025
📆 Offer expiry	Dec. 31, 2025

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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).

Play Now

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.

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

FanDuel Racing promos by state

There are minor differences in how FanDuel Racing operates state-by-state, depending on local laws surrounding horse racing and online betting. To learn more about the legality of FanDuel Racing in your state, simply click here.

The Belmont Stakes is the final leg of the Triple Crown and this year it will take place at Saratoga Race Course in Saratoga Springs, New York. While it doesn't have the same following as the Kentucky Derby, it's one of the biggest horse racing spectacles in the world for both spectators and bettors. If you're a bettor, finding a reliable Kentucky Derby betting site or Belmont Stakes betting site is a must. FanDuel Racing is a good place to start.

2025 Belmont Stakes odds

Both Kentucky Derby winner, Sovereignty, and Preakness Stakes winner, Journalism, are expected to run in the Belmont Stakes. This sets up a rematch of a thrilling Run for the Roses. The race will be on June 7, 2025 at approximately 7:01 p.m. ET. The field has not been set yet, but we will provide odds and post positions as soon as they become available.

Horse	Post position	FanDuel Racing Odds	Morning Line odds
TBD	1	TBD	TBD
TBD	2	TBD	TBD
TBD	3	TBD	TBD
TBD	4	TBD	TBD
TBD	5	TBD	TBD

Can I bet on other Triple Crown races 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. In addition to the Kentucky Derby, bettors will find the Preakness Stakes and Belmont Stakes on the list of featured races, complete with a wide range of betting options and live streaming.

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, but is moving to Laurel Park for the 2026 race while Pimlico is renovated.

Belmont Stakes 🏇

Nicknamed 'The Test of Champions,' the Belmont Stakes is the final leg of the Triple Crown. It generally runs at Belmont Park in Elmont, NY, on the second Saturday of June, but this season it will be held at Saratoga Race Course while Belmont is renovated. 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, this won't be possibility was in 2025 since Sovereignty, the winner of the Kentucky Derby, didn't run in the Preakness.

That said, plenty of excitement is expected for the longest race in the Triple Crown, as Preakness winner Journalism looks to avenge his loss at the Kentucky Derby.

FanDuel Racing is once again offering a special $20 No Sweat Bet to both new and existing customers, which will give you a bonus bet refund if your Belmont bet loses.

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.

The benefit of a deposit match bonus is that 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, a No Sweat First Bet allows you to start your betting career with a riskier bet, as you know you'll 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.

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.

FanDuel Racing promo	Key terms
Win Bet Insurance	Get $5 back if the horse you bet on to win finishes second or third. You will only get this refund on select races, and you won’t receive the bonus unless there are at least six betting interests on that race.
Race of the Day	Bet on the featured race of the day get $5 back if your horse finishes second or third.

Upcoming FanDuel Racing events

The biggest upcoming event is the Belmont Stakes, which will be held on Saturday, June 7, at Saratoga Race Course. This marks the 157th race for the final leg of the Triple Crown.

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 doesn't offer a ton of ongoing promotions for existing users, but there are a few at the moment. The No Sweat First Bet on the Belmont Stakes is one of them.

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 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.

Banking Method	Deposit	Withdrawal
Online banking	✅	✅
Apple Pay	✅	❌
PayPal	✅	✅
Play+	✅	✅
Debit cards	✅	✅
Visa	✅	❌
Mastercard	✅	❌
Venmo	✅	✅
eCheck	✅	✅
PayNearMe	✅	❌
Wire transfer	✅	❌
Paper check	✅	✅

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:

State	Legal horse racing	FanDuel Racing app	FanDuel Sportsbook & Racing
Alaska	❌	❌	❌
Alabama	✅	❌	❌
Arizona	✅	✅	✅
Arkansas	✅	✅	❌
California	✅	✅	❌
Colorado	✅	✅	✅
Connecticut	✅	❌	❌
DC	❌	❌	❌
Delaware	✅	✅	❌
Florida	✅	✅	❌
Georgia	❌	❌	❌
Hawaii	❌	❌	❌
Idaho	✅	✅	❌
Illinois	✅	✅	✅
Indiana	✅	✅	✅
Iowa	✅	❌	❌
Kansas	✅	❌	❌
Kentucky	✅	✅	✅
Louisiana	✅	✅	✅
Maine	✅	❌	❌
Maryland	✅	✅	✅
Massachusetts	✅	✅	✅
Michigan	✅	✅	✅
Minnesota	✅	✅	❌
Mississippi	❌	❌	❌
Missouri	✅	❌	❌
Montana	✅	✅	❌
Nebraska	✅	❌	❌
Nevada	❌	❌	❌
New Hampshire	✅	✅	❌
New Jersey	✅	❌	❌
New Mexico	✅	✅	❌
New York	✅	✅	✅
North Carolina	❌	❌	❌
North Dakota	✅	✅	❌
Ohio	✅	✅	✅
Oklahoma	✅	❌	❌
Oregon	✅	✅	❌
Pennsylvania	✅	✅	✅
Rhode Island	✅	✅	❌
South Carolina	❌	❌	❌
South Dakota	✅	✅	❌
Tennessee	✅	❌	❌
Texas	❌	❌	❌
Utah	❌	❌	❌
Vermont	✅	❌	❌
Virginia	✅	✅	✅
Washington	✅	✅	❌
West Virginia	✅	✅	✅
Wisconsin	✅	❌	❌
Wyoming	✅	✅	✅

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.

FanDuel Sportsbook has one of the best sportsbooks promos for new users. Once you join and place a $5 bet, you will receive $200 in bonus bets if your bet wins. This offer comes with excellent value, as you only need to wager a small amount to get up to 40 times the amount in bonus bets.

(Note: first bet does NOT have to win to collect bonus bets in the following states: AZ, CO, KS, NC, and TN.)

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.

Bet $5, Win $200 in Bonus Bets

New customers only. Min. deposit $5+. Bet $5+ and win $200 in Bonus Bets, if your bet wins (within 72 hours). Bet does not have to win in AZ, CO, KS, NC, or TN.

Claim $200

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.

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.

Deposit $10, Get 500 Bonus Spins & $40 In Casino Bonus

New customers. Deposit $10. Get 500 spins and $40 in casino bonuses. Funds and credit expire after 7 days.

Play Now

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.

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

April 2025

-FanDuel Racing adds new promos ahead of the 151st Kentucky Derby, including a $500 No Sweat First Bet for new customers.

- FanDuel announce that country music star Shaboozey will headline the brand's official Kentucky Derby party in Louisville on May 2.

March 2025

- FanDuel TV secures the rights to broadcast all Kentucky Derby preparation races leading up to the final competition at Churchill Downs on Saturday, May 3.

January 2025

- The Michigan Gaming Control Board suspends horse racing operator TwinSpires for violating gaming laws related to advance deposit wagering.

- A new report from Equibase and Ray Paulick shows that betting on horse racing declined 3.4% in the U.S. in 2024. Despite the drop, more than $11.26 billion was bet on horse racing.

-Freehold Raceway, co-owned by ESPN BET parent company Penn Entertainment, officially closes after 170 years of operation. At the time of closure, the New Jersey racetrack was America's oldest horse racetrack.

December 2024

-Flutter Entertainment hires Shaun Brassington as its Senior Director of Studios. Brassington previously spent nearly two decades in various roles at bet365.

November 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.

October 2024

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

August 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 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.

September 2023

-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).

Does FanDuel Racing work on FanDuel Sportsbook?

You can access FanDuel Racing from your FanDuel Sportsbook account with just one click. Your accounts are linked together, letting you easily switch between the platforms.

Can I use my FanDuel Sportsbook deposits to bet on horse racing?

Your FanDuel Sportsbook, Racing, Casino, and Fantasy accounts are all linked together. You can use the same login credentials to access each platform, and all of your accounts will have a shared wallet, allowing you to use your bankroll interchangeably.

Should I bet on FanDuel Racing or FanDuel Sportsbook?

It depends on which type of betting you prefer. If you’re primarily interested in horse racing, you should pick FDR. If you have a desire to bet on other sports, like football, basketball, baseball, hockey, and a dozen more, you should give FanDuel Sportsbook a try. Some markets are only available on one platform or the other, so you may want to have both downloaded to your mobile device for convenience.

Does FanDuel Racing pay out quickly?

The payouts at FanDuel Racing are typically processed within 24 hours by the operator’s financial team. Once approved, the winnings will reach your bank account in as little as one hour or several days, depending on the withdrawal method and the bank.

$500 No Sweat First Bet