How Does FanDuel Work?

Author:

Paul R

Updated:

Jan 17, 2023

Big sports enthusiast, long-time Seahawks fan who loves betting on major pro and college sports.

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How FanDuel is Working?

Established in 2009, The FanDuel Group has a gaming presence across all 50 states, with roughly 17 million customers and nearly 30 retail locations.

FanDuel has partnerships with all the major professional leagues and more than a dozen professional teams, including a sportsbook inside the Footprint center where the Phoenix Suns play.

Most well known for its daily fantasy sports dominance and popular online sportsbook, FanDuel also gives users the ability to hit the casino, wager on horse racing, fill out pick’em pools, play on the FaceOff app, and compete for cash in video games.

Available for both Android and iOS mobile devices, each FanDuel product will come with its own welcome bonuses, referral codes, and free bet promotions.

Below we go over all the products FanDuel offers, their welcome bonuses, state availability, and how to get started. From signing up to withdrawing winnings, we’ve got you covered with how FanDuel works.

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Flutter Entertainment, formerly Paddy Power Betfair of Ireland, took a controlling stake in FanDuel in 2018, increasing that position to 95 percent by 2020.

Thanks to a slight majority share of the US online sports betting market, FanDuel was the first of the US online sportsbooks to turn a profit. The company’s 2021 revenue of $1.9 billion outpaced the competition, and they were at $3 billion by the end of 2022.

FanDuel works with the local gaming commission in each state to ensure safe transactions and fair gameplay. Games are audited regularly.

📱Products📅Launch Date🎁Welcome Bonus
CasinoJune 2020Risk-free first day up to $1,000
Daily Fantasy SportsJuly 2009N/A
Face OffMarch 2022Deposit $10, get $10
RacebookSeptember 2009Risk-free first bet up to $200
SportsbookSeptember 2018Risk-free first bet up to $1,000

How Does FanDuel DFS Work?

FanDuel allows players in 44 states to compete against other users in various professional and college daily fantasy sports, with buy-ins ranging from free to $50,000 and guaranteed prize pool payout options varying depending on game type and entry fee.

Along with drafting or setting rosters to schedule and salary cap specifications, FanDuel features daily, weekly, and entire season-long pick’em pools as part of their daily fantasy sports offerings. Players can pick game winners, over/unders on game props, tournament brackets, and more to win money.

Users who want to play fantasy sports with friends, family, or coworkers can create customizable private password-protected matches or pools. Participants can edit submissions until game time, but there are no refunds. Users can make picks before deciding to pay the entry fee.

Keep in mind bigger contests have thousands of players and may allow for multiple entries. Your chances of placing with just one submission among the many hedging their bets are low. Single entry, low max player cap, or 50-50 pay scale pools, where half the field doubles up, are great betting options for beginners looking to play fantasy sports. Depending on what you’re looking for, all of these options can be filtered using the sidebar or options scrolling across the page.

FanDuel daily fantasy sports offers the occasional free entry, but multiple weekly free pick’em pools for cash prizes will be the only other bonus available. Cash games earn FanDuel points which can be redeemed for fantasy sports entry fees.

To get to the daily fantasy sports page from the FanDuel sportsbook, select fantasy from the tabs at the top of the homepage. Users must create a sportsbook account, even if they plan to play in free contest types.

Complete list of daily fantasy sports:

  • Baseball
  • Basketball
  • Football
  • Golf
  • Hockey
  • MMA
  • Soccer

FanDuel Homepage

How does FanDuel Sportsbook Work?

FanDuel sportsbook is accessible in 18 states. The last state to go live was Ohio on Jan 2023, right before the Super Bowl.

The easy-on-the-eyes sportsbook features 17 sports betting markets and includes niche offerings like darts, lacrosse, and table tennis. Major sports are promoted in multiple spots on the homepage. To find a specific sport, scroll down halfway on the sidebar. After making your pick, the bet slip will appear. This is where bettors can see the potential payout before confirming.

Along with all the traditional wager types like the moneyline, point spread, over/under, and futures bet, FanDuel sportsbook helped revolutionize prop bets and same game parlays. The sports betting site has more exotic bet types and ways to combine them for larger payouts. FanDuel round-robins, live betting, and cash-out options are also available.

To welcome sports gamblers, FanDuel sportsbook offers a risk-free first bet of up to $1,000 refunded in free bet credits if your wager settles as a loss. No promo code is required. FanDuel sportsbook also runs additional promos for existing customers, including bet insurance, odds boosts, and risk-free bets.

Click below to visit the sportsbook website or download the FanDuel sportsbook app from your respective app store. Select the green join now button on the screen to create a FanDuel sportsbook account.

Complete list of sports betting markets:

FanDuel Sports

How does FanDuel Casino Work?

Launching in Pennsylvania in June 2020, the FanDuel casino is now available in five states (Connecticut, Michigan, New Jersey, Pennsylvania, and West Virginia) and features games including live dealer blackjack and roulette, baccarat, war, hundreds of slots (some that earn reward points), and a few variations of poker. You can read our guides about FanDuel online slots and FanDuel poker if you are looking to get deep in the game.

New bettors receive a welcome bonus risk-free first day up to $1,000 refunded in free bet credits within 72 hours. Free bets expired seven days after being received. To be eligible for the promo, users must not have signed up for the FanDuel sportsbook. Both products share the same FanDuel promo code and rewards, but there is also a $100 no deposit site credit at the casino.

Along with the slot reward points on select game types, other bonuses include a daily free spin on the FanDuel Reward Machine for up to $2,000 in site credit bonuses. Free bets require just a 1x playthrough.

Bettors can get to the online casino by either scrolling toward the bottom of the FanDuel sportsbook homepage to find the link labeled online casino games or by using our page links. To register, select the green join now button.

FanDuel Casino Homepage

How does FanDuel Horse Racing work?

FanDuel bought the TVG horse racing network and betting site in 2009. The company recently relaunched the network portion as FanDuel TV but allowed the dedicated racebook page to retain its name.

Available in 24 states, TVG users must create a separate account and balance. Registration does come with a risk-free first bet of up to $200. Any free bets will be released within five days and expire after 30 days. There’s a $5 deposit fee for credit cards/debit cards and PayPal. Online bank transfers and eChecks are free. You can learn more about the FanDuel Racing promo code here.

Other promos include cash back on certain races if the horse you bet to win finishes second or third, reward points, and pick four and exacta insurance at certain race tracks.

The racebook has plenty of useful information listed under the handicapping tab at the top of the page, including expert advice, past performances, and race replays.

Bettors can visit the racebook from this page or by selecting the racebook tab at the top of the FanDuel sportsbook screen. To sign-up, look for the blue button labeled as such.

TVG Homepage

Faceoff App Review

The FanDuel Faceoff mobile app launched in 2022 for iOS users in more than 30 states.

The site advertises an Android option coming soon, but the date is still to be determined. Once installed, Apple users can use their existing FanDuel sportsbook login information to get started.

Players can wager real money on games of skill. Like in video games, users will be matched with similar skill-level players. It may take some time to find your true rating, but in theory, less new or less skilled players are protected from competing against highly skilled or more experienced players, giving everyone a fair opportunity to win money. For added incentive, the FanDuel app gives new users $10 in site credit to anyone who deposits at least $10.

A player’s skill level can change by completing a game and passively over time as the overall skill level of the general player population grows. Skill matching is not used in larger tournaments.

Rules and scoring pages are easily accessible for all contest types. It’s a good idea to get some free play practice in before playing any money games. You can withdraw your winnings anytime by check, PayPal, Play+ prepaid card, or online banking.

Complete list of FanDuel Faceoff games:

FanDuel Games

How to Play on FanDuel

All users must create accounts by providing sports betting industry-standard verifiable personal information to get in on the action. The casino, daily fantasy sports page, sportsbook, and Faceoff app all work with the same FanDuel account. The casino does require a separate wallet. The TVG racebook will be completely separate.

Sign Up Process

The FanDuel sportsbook registration process takes just a few minutes to complete. Information needed to sign-up includes your name, date of birth, email, phone number, address, and the last four digits of your social security number. You’ll also be asked to create a password. Sensitive info is protected by encryption technology. Users must be 21 years of age and physically located in a participating state. A geolocation check will be performed with each attempt to access.

Claiming Bonuses

The FanDuel sportsbook welcome bonus risk-free bet applies automatically with the first wager. Other promo opportunities may require users to opt-in from the promo section or bet slip. Some may provide specific criteria that must be met to qualify, including odds, stakes, or legs minimums.

Be sure to read the bonus terms and conditions before finalizing any transactions. They tend to vary. Bettors must wager the full amount to receive the maximum bonus listed.

Making Deposits

FanDuel sportsbook accepts various instant deposit methods, including credit or debit cards, online banking using Trustly, PayPal, and Venmo. Other ways to add funds to your sports betting balance include PayNearMe, Play+ prepaid cards, and wire transfers. Cash is accepted at participating retail locations.

A minimum deposit of $10 is required, and you can view the complete list of FanDuel payment methods here.

Placing Bets

Bettors can find the sport, league, or contest they’re looking for multiple ways from the FanDuel sportsbook homepage. Once you’ve selected the side you wish to wager on, your selection will populate in the bet slip. If possible to be parlayed on FanDuel, a second box for entering stakes will appear at the bottom of the bet slip after adding any additional picks.

To compile a same game parlay, bettors must select the more wagers link in the event box and then the same game parlay tab.

Withdrawing Funds

The same method you deposit money into your FanDuel account is likely also available for withdrawals. These options will vary slightly from product to product, but online bank transfers via Trustly and PayPal can be utilized by all. The times to receive winnings range from 2-5 days. Checks can take up to two weeks to arrive.

You can view the list of FanDuel withdrawal options here.

States Where FanDuel Works

📱FanDuel Product🇺🇸 States
FanDuel Casino Legal StatesCT, MI, NJ, PA, WV
Daily Fantasy SportsEvery state but HI, ID, MT, NV, OR, WA
Horse RacingAR, CA, CO, DE, FL, IL, IN, KY, MA, MD, MI, ND, NH, NM, NY, OH, OR, PA, RI, SD, VA, VT, WV, WY
FanDuel Sports Betting Legal StatesAZ, CO, CT, IL, IN, IA, KS, LA, MI, NJ, NY, PA, TN, VA, WV, WY
Face Off AppAL, AK, CA, CO, DE, FL, GA, IL, IN, KS, KY, ME, MA, MN, MS, NB, NH, NM, NY, NC, ND, OH, OK, OR, RI, TX, UT, VT, VA, WI, WY

FanDuel vs. DraftKings Operations

Both FanDuel and DraftKings feature similar products, state accessibility, reliable customer service, Reddit reviews, and sportsbook app ratings. As far as fantasy sports sites and online sportsbooks go, FanDuel holds a rating’s edge based on a better-looking, more user-friendly interface, unique game parlay options, and a more generous welcome bonus.

FanDuel’s risk-free initial bet of up to $1,000 for new sports bettors dwarfs the 20 percent initial deposit match with 25x rollover requirements offered by DraftKings. Free bets earned from other promo opportunities have a 1x playthrough on both online sportsbooks and don’t have to be used in one lump sum. Stakes using free bet credits are not included in winnings.

DraftKings does offer more sports betting markets, checking in at more than two dozen, and has a more informative stats section and slow accumulating rewards program, which trumps FanDuel’s lack of one. The FanDuel VIP program is very good, but we feel DK just slightly edges it.

For the complete round up, we have created a FanDuel vs DraftKings feature. You can also learn how DraftKings works here, in case you decide to play there instead.

FAQ’s

How can I use FanDuel?

Beginners, seasoned gamblers, gaming enthusiasts, and sports fans alike flock to FanDuel for a reason. FanDuel features many ways to play, both free and paid, including daily fantasy sports or pick’em pools, betting on horses or sports, casino games or slots at the online casino, and video games that match players based on skill level. Creating an account and adding funds to your balance takes less than five minutes. Depending on the product, welcome bonuses or recurring promotions are available.

What is FanDuel?

FanDuel is the top legal sports betting site and daily fantasy sports operator in the US. Along with dipping its toes into online casino games and mobile gaming, FanDuel also has a racebook under the banner TVG. The gambling giant also generated $3 billion in revenue in 2022. FanDuel sportsbook app launched in Ohio on Jan 2023, extending its footprint further.

How does FanDuel work with the NFL?

Along with being one of the top fantasy sports sites, FanDuel sportsbook works with the NFL by featuring all the traditional NFL bet types, including moneylines, point spreads, over/unders, and futures, as well as more contemporary options like live betting, prop bets, and same game parlays. During the NFL season, FanDuel sportsbook routinely rolls out risk-free bets and odds boost opportunities for existing customers to win more money. Recently, they also announced an exclusive Super Bowl promo code on the FanDuel Sportsbook.

How does FanDuel payout?

Depending on the FanDuel product being used, the payout options may vary. Online bank transfers using Trustly and PayPal can be used with any of the offerings. Unlike the other products, the FanDuel sportsbook can transfer funds using a debit card. Other methods include a Play+ prepaid card or eCheck. Transactions take 2-5 days to process. Checks can take up to two weeks to show. Notably, the FanDuel Sportsbook introduced Venmo payments before any other betting app in the USA.

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