FanDuel Promo Code: Bet $5, Get $250 for the Kentucky Derby on Saturday

The 2026 Kentucky Derby is shaping up to be one of the most wide-open Run for the Roses in recent memory, and there is no better time to get in on the action than right now. No FanDuel promo code is required to unlock one of the best sportsbook promos available heading into Churchill Downs.

New users who sign up by May 2 can claim a Bet $5, Get $250 in bonus bets welcome offer, plus access to FanDuel's NBA BetProtect+ feature during the playoffs.

Bet $5, Get $250 If It Wins + NBA BetProtect+

Win $250, Protect Your Props

2026 Kentucky Derby: How to Use Your FanDuel Promo Code Offer

No FanDuel promo code is needed to claim this welcome offer, making the sign-up process as straightforward as possible. Simply register a new account, deposit a minimum of $5, and place your first real-money wager on any available market, including the 2026 Kentucky Derby. If that initial bet wins, FanDuel will credit your account with $250 in bonus bets within 72 hours of settlement.

Bet $5, Get $250 If It Wins

With a deep and unpredictable field heading into Churchill Downs, the Derby presents a compelling opportunity to put this offer to work. Say you place your $5 wager on Renegade, the likely morning-line favorite, and he crosses the wire first. You would receive your standard winnings plus $250 in bonus bets to deploy elsewhere. If your initial bet loses, the bonus bets are not awarded, so choosing your spot carefully matters.

• A minimum deposit of $5 is required to activate the offer.
• Your first real-money wager of at least $5 must win to unlock the $250 in bonus bets.
• Bonus bets are issued within 72 hours of the winning bet settling.
• Bonus bets are valid for seven days after they are issued.
• If you win a wager using bonus bets, the bonus amount itself is not returned as part of your payout. For example, a $100 bonus bet placed at +100 odds returns $100 in withdrawable cash, not $200.
• The FanDuel Sportsbook mobile app must be downloaded to claim the bonus.

FanDuel NBA BetProtect+

In addition to the Kentucky Derby welcome offer, FanDuel is rolling out BetProtect+ starting in Round 1 of the NBA Playoffs. This optional feature provides full-game injury protection on eligible player prop bets for a flat 3% fee added to your total stake. If a protected player exits the game due to injury at any point, straight bets are refunded as cash and parlay legs are voided with the remaining legs recalculated at adjusted odds. BetProtect+ is fully optional, giving bettors the flexibility to add protection based on individual risk tolerance and bet type.

 All Users

Odds Available in AZ, CO, IL, IN, KY, LA, MD, MA, MI, MO, NY, OH, PA, VA, WV, WY

• Renegade — 4-1
• Commandment — 6-1
• Further Ado — 5-1
• The Puma — 10-1
• So Happy — 7-1
• Chief Wallabee — 8-1
• Emerging Market — 12-1
• Right to Party — 30-1
• Litmus Test — 30-1
• Intrepido — 50-1

Check out all FanDuel odds and profit boosts for today.

How to Claim Your FanDuel Offer for the 2026 Kentucky Derby

Getting started with FanDuel ahead of the May 2 Kentucky Derby is a quick and simple process. No FanDuel promo code is required at any step, and the entire registration can be completed in just a few minutes.

1. Register: Click through to FanDuel Sportsbook and create your new account. FanDuel operates in 22 states plus Washington, D.C., so make sure you are located in an eligible state. Have your personal information ready, including your date of birth and mailing and email address.
2. Download the app: Download the FanDuel Sportsbook mobile app on your device. You do not need the app to register, but you will need it to receive your bonus bets.
3. Deposit funds: Make a minimum deposit of $5 into your new FanDuel account using any of the available payment methods.
4. Place your first wager: Place a minimum $5 real-money bet on any available market. The 2026 Kentucky Derby offers a wide range of betting options, from win bets on contenders like Renegade and Commandment to exotic wagers on longshots in the 6-1 to 15-1 range.
5. Collect your bonus bets: If your first bet wins, FanDuel will deposit $250 in bonus bets into your account within 72 hours. Complete a one-time playthrough requirement to unlock and withdraw your winnings.

For a full breakdown of what FanDuel has to offer beyond this welcome promotion, check out the complete FanDuel Sportsbook review.

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