New bettors can take advantage of a up to $100 in FanCash welcome offer with the Fanatics Sportsbook promo code COVERS on Aug. 7. This promotion allows you to place your first wager on any MLB or WNBA matchup and receive your stake back in bonus funds if your bet doesn't win.
Check out other available sportsbook promos to compare offers before you sign up.
Code COVERS Unlocks 10X $100 Bet Matches
Maximize Your Aug. 7 MLB and WNBA Betting With Fanatics Sportsbook Promo Code
The Fanatics Sportsbook promo delivers up to $100 in FanCash on your opening day of betting. Here's how it works: place a wager of at least $1 on any sports market with odds of negative 500 or longer, and if that bet loses, you'll receive your stake back as bonus funds, up to $100. This offer is available exclusively to new users in select states including Arizona, Colorado, Connecticut, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Missouri, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wisconsin, and Wyoming.
Key terms and conditions include the following:
- Minimum deposit of $10 required to activate the bonus
- Wager at least $1 on any market with minimum odds of negative 500
- Bonus funds expire after seven days
- One playthrough requirement applies before withdrawal
- Offer expires Aug. 23, 2026
For example, if you place a $50 bet on a Blue Jays-Phillies matchup at negative 500 odds and lose, you'll receive $50 in FanCash. If your wager wins, you keep your standard winnings. This promotion can be claimed for 10 consecutive days, allowing you to earn up to $1,000 in total bonus funds across your first 10 days using the platform.
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How to Claim Your Welcome Offer on Aug. 7
Signing up and placing your first qualifying bet takes just a few minutes. Follow these steps to activate your bonus:
- Download the Fanatics Sportsbook app and open a new account
- Provide required personal information and verify your identity with a government-issued ID
- Enter promo code COVERS during registration to activate the offer
- Make a minimum deposit of $10 using your preferred banking method
- Place a wager of at least $1 on any MLB or WNBA game at odds of negative 500 or longer
- If your bet loses, receive your stake back as FanCash within your account
For more details about the sportsbook, read our Fanatics Sportsbook review.
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