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 with a new FanDuel Sportsbook account. No FanDuel promo code is needed to unlock one of the best sportsbook promos available right now: bet $5 and get $250 in bonus bets if it wins. This offer is available as of May 2, 2026, so new users should act quickly to take advantage before heading to Churchill Downs for the first jewel of the Triple Crown.
You can also explore a full menu of $250 in bonus bets across FanDuel's available markets.
Bet $5, Get $250 If It Wins + NBA BetProtect+
FanDuel Promo Code Offer: Bet $5, Get $250 for the 2026 Kentucky Derby
The FanDuel promo code page confirms that no code is required to claim this welcome offer. New users simply need to register, deposit a minimum of $5, and place an initial real-money wager of at least $5 on any available market, including the 2026 Kentucky Derby. If that first bet wins, FanDuel will credit your account with $250 in bonus bets within 72 hours of settlement.
For example, if you place your $5 bet on Renegade to win the Derby at the morning line and he crosses the wire first, you will receive $250 in bonus bets to use across the platform. On the other hand, if you back a longshot like Chief Wallabee or Emerging Market and the bet does not cash, the welcome offer does not apply since the bonus is only awarded on a winning first wager.
There are a few key terms to keep in mind before claiming:
- You must download the FanDuel Sportsbook mobile app to receive your bonus bets.
- A minimum deposit of $5 is required.
- Bonus bets are valid for seven days after they are issued.
- If you win a wager placed using bonus bets, the bonus amount itself is not returned as part of your winnings. For instance, a winning $100 bonus bet at +100 odds returns $100 in withdrawable cash, not $200.
- A one-time playthrough requirement must be completed to unlock your winnings.
FanDuel is also offering NBA BetProtect+ throughout 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 remaining legs recalculated at adjusted odds. BetProtect+ is fully optional, giving bettors the flexibility to add protection based on their individual risk tolerance and wagering strategy.
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 Welcome Offer for the 2026 Kentucky Derby
Signing up and claiming this offer ahead of the 2026 Kentucky Derby takes just a few minutes. Follow these steps to get started:
- Register: Click through to FanDuel Sportsbook and create a new account. Have your personal information ready, including your date of birth and mailing and email address. FanDuel operates in 22 states plus Washington, D.C., so confirm your state is eligible during registration.
- Download the app: Download the FanDuel Sportsbook mobile app on your iOS or Android device. You will need the app to receive your bonus bets after your qualifying wager settles.
- Deposit funds: Make a minimum deposit of $5 into your new account using any of FanDuel's accepted payment methods.
- Place your first wager: Place a minimum $5 real-money bet on any available market, including the 2026 Kentucky Derby. If your bet wins, FanDuel will credit $250 in bonus bets to your account within 72 hours.
- Use your bonus bets: Once your bonus bets are credited, you have seven days to use them across any eligible FanDuel market. Remember, no FanDuel promo code is required at any point during this process.
For a deeper look at what FanDuel has to offer beyond this welcome bonus, check out the full FanDuel Sportsbook review.
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