FanDuel Racing Promo Code: Get a $500 Kentucky Derby No-Sweat First Bet

No FanDuel promo code is required to get a $500 no-sweat first bet ahead of the 151st running of the Kentucky Derby on Saturday, May 3.

Chris Gregory - Publishing Editor at Covers.com
Chris Gregory • Publishing Editor
May 3, 2025 • 13:00 ET • 3 min read
FanDuel Racing Promo Code for Kentucky Derby 151
Photo By - Imagn Images

The Kentucky Derby is just hours away, and FanDuel is among the best Kentucky Derby betting sites, offering new users a $500 no-sweat first bet for any of this weekend's horse racing action!

Read more in our full FanDuel Racing promo code breakdown below!

Get a $500 No Sweat First Bet

Get a $500 no-sweat first bet for the Kentucky Derby

Get the most out of our FanDuel Racing promo code with these tips:

  • You do not have to bet $500 in order to claim the bonus. Any amount from $0.10 to $500 will be refunded as a bonus bet within five days if you lose.
  • You do not have to bet on the Kentucky Derby — any wager on any race at any track can qualify for this offer.
  • Racing bonus funds expire seven days after receipt.

FanDuel Racing Kentucky Derby Odds for May 3

  • Journalism: 3-1
  • Sovereignty: 5-1
  • Sandman: 6-1

New FanDuel users only. 21+. Must be in 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. Not available to residents of Ontario, CA

Who should you wager on at the Kentucky Derby?

Our horse racing experts have all the insight you need if looking for free betting picks for the 2025 Kentucky Derby. Don't miss our Win, Place, & Show Kentucky Derby predictions.


Where can I bet?

New bettors can wager on horse racing directly through the FanDuel Sportsbook app in the following states:
Colorado, Illinois, Indiana, Louisiana, Massachusetts, Maryland, Michigan, New York, Ohio, Pennsylvania, Virginia, West Virginia, Wyoming

They can also bet directly through our FanDuel Racing app in the following states:
Arizona, Arkansas, California, Colorado, Delaware, Florida, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, North Dakota, New Hampshire, New York, New Mexico, Ohio, Oregon, Pennsylvania, Rhode Island, South Dakota, Washington, West Virginia, Wyoming, Virginia

Is FanDuel Racing legal in my state?

In some states with legal betting sites, users have access to the FanDuel Racing directly from the FanDuel sportsbook app. In others, the racebook is available with the standalone FanDuel Racing app. Refer to the table below to see where you can bet in your region.

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

Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

Gambling Problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).
21+ and present in select states. FanDuel is offering online sports wagering in Kansas under an agreement with Kansas Star Casino, LLC. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, IA, KY, MI, NJ, OH, PA, IL, TN, VA, VT), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), visit www.mdgamblinghelp.org (MD), 1-800-522-4700 (WY), or visit www.1800gambler.net (WV).

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Chris Gregory Covers.com
Publishing Editor

In his three years on the Covers editorial team, Chris Gregory has helped bolster the site’s PGA Tour and college football coverage, though his love for Rory McIlroy and the Buckeyes is often met with disappointment. He brings a journalism and marketing background to his work as a Publishing Editor and has appeared on Jason Logan’s Sharp 600 to talk about the Masters and golf’s other majors.

His best betting advice? Stay away from betting your favorite teams; it’ll only make the hurt worse.

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