🐎 FanDuel Racing Promo Code: Get Up To $500 No Sweat Bets for the Kentucky Derby on Saturday

Bet on the 2025 Kentucky Derby with a $500 No Sweat First Bet — no FanDuel promo code needed to unlock this exciting horse racing offer!

Peter Clarke - Content Editor at Covers.com
Peter Clarke • Senior Editor
May 1, 2025 • 10:30 ET • 3 min read
FanDuel Racing Promo Code for the 151st Kentucky Derby
Photo By - Imagn Images

Looking for a FanDuel promo code to bet on the 2025 Kentucky Derby? You won’t need one! FanDuel Racing is offering a $500 No Sweat First Bet to all new customers — no code required. This limited-time promo lets you wager on the most iconic horse race in America with extra peace of mind. 🏇

With Kentucky Derby odds live and 21 contenders entered, there’s never been a better time to dive into the action. Whether you're backing a favorite like Journalism at 3-1 or hunting for longshot glory with Coal Battle at 30-1, your first bet is covered if it doesn't hit.

Get a $500 No Sweat First Bet

How the FanDuel Racing promo works for new users 🎯

The FanDuel Racing promo offer is straightforward — and again, no FanDuel promo code is needed to unlock it. Just be a new user, sign up, and place a wager on any race — including the 2025 Kentucky Derby. If your first bet doesn’t win, FanDuel Racing will reimburse you in Racing Credit up to $500.

Racing Credit is non-withdrawable and must be used within seven days of issuance. You can only use it for horse racing — not for other FanDuel products like sports betting or casino games. If your first bet wins, you’ll simply collect your winnings and the bonus won't apply.

This promo is ongoing and Covers-verified, but now is the perfect time to take advantage — especially with the Kentucky Derby setting off on Saturday, May 3, with an expanded 21-horse field including top picks like Sovereignty (5-1), Sandman (6-1), and dark horses like Baeza (12-1).

Get another no sweat bet just for the Derby

FanDuel New Users
Get a no-sweat win bet for the Kentucky Derby! Claim Now

FanDuel Racing Kentucky Derby Odds for Thursday, May 1

  • Journalism: 3-1
  • Sovereignty: 5-1
  • Sandman: 6-1
  • Rodriguez: 12-1
  • Burnham Square: 12-1
  • Luxor Cafe: 15-1
  • Citizen Bull: 20-1
  • Grande: 20-1
  • East Avenue: 20-1
  • Publisher: 20-1
  • Tiztastic: 20-1
  • Neoequos: 30-1
  • Final Gambit: 30-1
  • American Promise: 30-1
  • Admire Daytona: 30-1
  • Flying Mohawk: 30-1
  • Render Judgement: 30-1
  • Coal Battle: 30-1
  • Chunk of Gold: 30-1
  • Owen Almighty: 30-1
  • Baeza: 12-1

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

How to claim up to $500 in no-sweat bets for the Kentucky Derby

Getting started with FanDuel Racing is easy and fast — and you don’t need a FanDuel Racing promo code. Here’s how to claim your $500 No Sweat First Bet:

  1. 🖱 Visit FanDuel Racing’s official website or download the app.
  2. 📝 Click “Join Now” and complete the sign-up form.
  3. 💵 Make a deposit (no minimum required — just enough for the bet you want to place).
  4. 🏇 Place your first wager (up to $500) on the 2025 Kentucky Derby or any other race.

If you win, you can withdraw your winnings immediately. If you lose, you’ll receive Racing Credit within 48 hours. Use your credit within seven days to keep the action going.

👉 Read our full FanDuel Racing review here for more insights before you bet.


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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Peter Clarke - Covers
Senior Editor

Peter Clarke has been in the digital media business for 14 years after obtaining his journalism degree from the University of King's College in Halifax, N.S. He learned his trade during his time at The Chronicle Herald and Saltwire Network, where he spent nearly a decade editing and making digital content.

These days, Peter is all about keeping bettors in the loop about the biggest sports betting events, like the Super Bowl and March Madness. He's also always on top of the latest promo offers from the biggest sportsbooks so he can share the best deals straight with you.

One of his favorite ways to bet is using the Covers' player prop projections. He firmly believes you can find a lot of value in the four and five-star projections every day of the year with just a little attention to the totals and lines. For those of you new to the betting scene, he’s got some solid advice: "Start small. Pick a unit size that feels right for you and grow your bankroll over time."

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