FanDuel Promo Code: Bet $5, Get $250 Bonus for 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 ahead of Churchill Downs' biggest day.

As of May 2, new users can claim a Bet $5, Get $250 in bonus bets offer, available as a $250 welcome bonus if that first wager wins.

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

Win $250, Protect Your Props

FanDuel Promo Code Offer: Bet $5, Get $250 for the 2026 Kentucky Derby

The FanDuel promo code page confirms that no code is needed to activate this welcome offer. New users simply need to register, deposit at least $5, and place a $5 real money wager on any available market, including the Kentucky Derby, to get started.

If that opening bet wins, FanDuel Sportsbook will credit $250 in bonus bets to your account within 72 hours of settlement. Here is a quick breakdown of the key terms to keep in mind:

• A minimum deposit of $5 is required to qualify.
• Your initial $5 wager must be placed on a real money market.
• The $250 in bonus bets is awarded only if your first bet wins.
• Bonus bets are valid for seven days after they are issued.
• If you win using a bonus bet, the bonus stake itself is not returned as part of your payout. For example, if you wager $100 in bonus bets at +100 odds and win, you receive $100 in withdrawable cash, not $200.

To put this in context for the Derby, if you place your $5 bet on morning-line favorite Renegade and that ticket cashes, you will have $250 in bonus bets to deploy on the rest of the card or across other sports. If Renegade falls short in the 20-horse field, you simply do not receive the bonus bets, but you are still free to continue betting with any remaining balance.

FanDuel NBA BetProtect+

Alongside the 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 involving that player are voided, with the remaining legs recalculated at adjusted odds.

BetProtect+ is completely optional and clearly labeled throughout the FanDuel app, so users can decide on a bet-by-bet basis whether the added protection fits their strategy. It is a transparent tool designed to give bettors more control, particularly when wagering on injury-prone players during a long playoff run.

Best FanDuel Kentucky Derby Boosts

 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

Signing up and claiming this offer is straightforward. No FanDuel promo code is required at any step of the process. Follow these steps to get started before the horses break from the gate at Churchill Downs:

1. Register: Click through to FanDuel Sportsbook and create a new account. You will need basic personal information, 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 sign-up.
2. Download the app: The FanDuel Sportsbook mobile app is required to claim your bonus bets. Download it from the App Store or Google Play after completing registration.
3. Deposit funds: Make a minimum deposit of $5 into your new account using any of FanDuel's accepted payment methods.
4. Place your first wager: Make a $5 real money bet on any available market. The 2026 Kentucky Derby offers plenty of options, from win bets on contenders like Renegade, Commandment, or Further Ado, to exotic wagers like exactas and trifectas.
5. Collect your bonus: If your first bet wins, $250 in bonus bets will appear in your account within 72 hours. Complete the one-time playthrough requirement to unlock and withdraw your winnings.

For a full breakdown of everything this platform has to offer, check out our FanDuel Sportsbook review.

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