Fanatics Sportsbook Promo Code
Fanatics Sportsbook is the biggest sports betting company that doesn’t exist yet. People have been speculating about it for a long time, and every move Fanatics makes is dissected and analyzed. In case you’re not aware, Fanatics is the behemoth sports merchandising company with exclusive contracts with every major sports league and many colleges. If you go to any sports team website and look at the selection of t-shirts and hats, you are part of “A Fanatics Experience.”
Selling that much merchandise generates a lot of revenue, and Fanatics is a massive company by any measure. Fanatics is a private company once owned by eBay, but during a recent fundraising round, it was valued by investors at about $27 BILLION. Soon, you might be betting Patrick Mahomes player props and buying the quarterback’s jersey from the same company.
However, sports betting and sports merchandising are two very different industries. What makes everyone so sure Fanatics will make it as a sportsbook? The answer is above: Money! Specifically, Fanatics has a lot of it. They basically have an unlimited budget to build their own online sportsbook from scratch.
- Fanatics Sportsbook Exclusive Promo
- Why Fanatics Sportsbook?
- More on Fanatics Sportsbook
- Potential States for Fanatics Sportsbook
- Possible Fanatics Promotions
- Fanatics Sportsbook Promos Explained
- Sports Likely to be Offered by Fanatics Sportsbook
- Betting Markets Expected on Fanatics Sportsbook
- Fanatics Sportsbook Likely Banking Options
- Fanatics Sportsbook FAQ
Fanatics Sportsbook Exclusive Promo
ScoresAndOdds Exclusive: Bet $5, Get $200 in Bonus Bets (& More) to Beta Test Fanatics Sportsbook!
Since the debut of awaited Fanatics Sportsbook is right around the corner, we at ScoresAndOdds are here to share our exclusive promo with the Fanatics Sportsbook!
ScoresAndOdds users now have exclusive access to beta test the book with $200 in bonus bets (after a bet of $5 or more) and 5% on FanCash!
Claim $200 in bonus bets and more!
Offer: Bet $5, Get $200 in Bonus Bets
Bet now: Click here
- Who’s it for? SAO users in MA, OH & TN
As if you needed another reason to be among the first users to test out this brand new sportsbook, Fanatics is giving you several.
On top of your $200 in bonus bets, you’ll earn up to 5% back in FanCash on every bet you place. That jersey you’ve had sitting in your cart might be coming home sooner than you thought.
To claim all of that:
- Fill out the survey
- Access the Fanatics Sportsbook beta app after receiving your unique code from Fanatics and complete KYC
- Create your Fanatics account using the same email you provided in the survey
- Place a bet of $5 or more
- Receive $200 in bonus bets within 72 hours of completing KYC (no deposit required). Terms apply.*
- Earn up to 5% back in FanCash on every bet you place
*Beta testers only. MA, OH, TN only. Must place a cash wager of at least $5 to qualify for $200 in bonus bets. Qualifying wager must be placed before 11am ET on June 6, 2023 to be eligible for promotion. Bonus bet will be credited within 72 hours of qualifying wager. Terms apply. Gambling Problem? Call 1-800-GAMBLER. (MA) Call 1-800-327-5050 or visit https://helplinema.org. Restrictions and T&Cs Apply. LiveChat at GameSenseMA.com or call 1-800-GAM-1234
That’s it! You’re just a survey away from exclusive access to this brand new sportsbook … and a whole lot of bonus bets, of course! With Fanatics Sportsbook’s recent arrival in Massachusetts, you may even want to use the sign-up bonus on Jayson Tatum props this week.
Start the process today before this offer expires!
Claim your exclusive access!
21+ only. GAMBLING PROBLEM? Call 1-800-GAMBLER (OH) or Call or Text the Tennessee REDLINE 1-800-889-9789 (TN).
Why Fanatics Sportsbook?
This makes sense for two reasons. One is that Fanatics wants to continue to grow, and one way to succeed is to use its ubiquitous name brand to expand into other areas of the world of sports, including sports betting. The other reason is that the sports betting industry is due for a shakeup. The small operators will likely not last long-term, and consolidation seems due. Fanatics could come in and leverage their huge brand and customer base to overtake many of the smaller operators.
Follow along as we unpack all we know about the Fanatics brand and its plans to disrupt the sports betting industry. We will also speculate a bit on which states Fanatics will come to, potential acquisition targets, which promotions and sports it will offer, likely banking options, and possible bet types. After that, we will wrap things up with a very special FAQ. Let’s get started.
More on Fanatics Sportsbook
Before we continue, it is essential to clarify that all this speculation about Fanatics Sportsbook isn’t just idle chatter undertaken by bored sports betting industry observers. The Fanatics company recently hired the former CEO of FanDuel to head its new sports betting team and has advertised for dozens of open sports betting-related roles.
While we don’t know all the details, we do know that Fanatics Sportsbook is going to exist online in some form at some point in the future. It already exists as a retail sportsbook, with its first sportsbook recently opening at FedEx Field, home of the Washington Commanders.
Potential States for Fanatics Sportsbook
Since about three dozen states have some form of legal sports betting, there is plenty of room for a new operator. Here are the states where we believe Fanatics could end up first, along with a little more info about Fanatics’ potential in each state:
- New York
- New Jersey
This one comes with a caveat. If Fanatics Sportsbook does venture out on its own, it will not be able to enter the New York market. This is because New York regulators limited the number of online sportsbooks available in the state to an unreasonably low nine rather than opening the state to full competition. Great for the nine lucky sportsbooks, but not so good for bettors in the state. However, if Fanatics somehow acquires BetRivers or WynnBET, it will have access to the New York market, which is why many speculate that the company will take that path.
Across the Hudson River, New Jersey is much more friendly to mobile sportsbooks. Each casino and horse track in the state qualifies for three “skins” handed out to online operators. This means that almost two dozen mobile sportsbooks currently operate in the state. Fanatics could easily partner with an existing casino and enter the market. Success would be another story because the New Jersey betting scene is saturated already, and residents may not be interested in another sportsbook.
The Centennial State is home to the most online sportsbooks of any state (26 as of June 2022) due mostly to its operator-friendly regulatory structure and low tax rate. Many sportsbooks in Colorado have started to work out the kinks before venturing to other states. Each casino in the state can partner with one sportsbook, and there are still a few open licenses available. Fanatics would have no problem entering the state and competing for a sliver of the FanDuel-dominated betting market.
Fanatics Sportsbook is not a sportsbook (yet), and California doesn’t have legal sports betting (yet), but Fanatics didn’t get to be as big as it is by sitting around and waiting for things to happen. They were able to plan far in advance and strategize future growth opportunities. That could be what is happening here.
California is the big one for every sportsbook company. They all are figuring out what angle to take to enter the market and capture some market share. A new sportsbook could quickly enter a new sports betting state and make a huge splash, picking up new customers who are not as familiar with the existing sportsbook brands as those in established markets. If sports betting does come to California, Fanatics will be ready.
Fanatics Sportsbook has already announced two partnerships that will allow it to be licensed in Ohio. The nascent company has partnered with the Columbus Blue Jackets and Cleveland Guardians for both online and retail sportsbook licenses. It’s possible that Ohio will be one of the first states we will see the brand new Fanatics brand.
Last but not least, Fanatics Sportsbook appears poised to enter the Maryland online market. Fanatics opened a retail sportsbook at FedEx Field in January 2023, so it is just a matter of time before its online sportsbook launches in the state.
Possible Fanatics Promotions
Every sportsbook offers some sort of promotion, particularly for new customers. Fanatics Sportsbook will likely be no different. The company will need to introduce itself to sports bettors, and what better way to do that than with a solid new customer promotion. Here are the biggest promotions out there right now, some or all of which we expect Fanatics to offer:
- Bonus Bet
- First Bet Promotion
- Deposit Match Bonus
- Odds Boost
- Bet Insurance/Refunds
- Fanatics Swag & Merchandise
Fanatics Sportsbook Promos Explained
A bonus bet is just that, a bet that is an added bonus. You don’t need to make a deposit or bet a certain amount or anything. It’s just a bonus credit you can use. If you win the bonus bet, the winnings are yours to keep, but sometimes there is a rollover requirement, which means you need to wager a certain amount before you can withdraw the winnings. Bonus bets aren’t as popular as they used to be, so if you see one, jump on it.
First Bet Promotions
First bet promotions usually break down like this: After signing up for the promotion and making a wager, if that bet loses, you are awarded site credit in the amount of the losing bet, up to a certain amount. You have a certain amount of time to use that credit on a new wager, usually between 14-30 days. If that wager wins, you can withdraw the winnings but not the credit. FanDuel is the only major sportsbook that allows you to withdraw the credit and winnings. If the second bet loses, you’re out of luck and down the original bet amount. A first bet promotion is a good way to check out a new sportsbook, but be sure to bet with your head.
There may be some strings attached, but deposit matches are the best promotions out there right now. A deposit match is a match to your first deposit up to a certain amount, usually a few hundred dollars. Once the match hits your account, you can use it on pretty much anything, but you can’t take a prohibitive favorite. Some make you use the credit all at once; others let you divide it up as you see fit. Most only allow you withdraw the winnings rather than the credit and winnings, and some require you to play through the match before withdrawing. As you can tell by now, everything varies by sportsbook. We will update this page with Fanatics’ specific promotional Terms and Conditions when they are announced.
This promotion is usually centered around local teams. If a sportsbook is in a state with a popular team, they might increase the odds on a featured parlay for that team. Other odds boosts usually come with high-profile events like the NFL playoffs or NBA Finals. The boost usually isn’t a huge amount, but if you like the underlying bet, an increase can add extra value.
This promotion is becoming more popular due to the rise of parlay wagering. If you take a swing at a five-leg parlay, for example, and 4 of your 5 bets hit, parlay insurance will pay you back for your wager, up to a certain amount. It’s not as much as you would have gotten from your parlay, but at least your original stake is back in your account.
Caesars famously offered NFL and NBA jerseys for new customers who bet $100 or more. This was a huge success for bettors, many of whom took advantage of the generous promotion. It must have been hugely expensive for Caesars, but it did help build their sports betting brand in many states. Fanatics might offer a similar promotion due to its position as the leading sports merchandise retailer in the country.
Sports Likely to be Offered by Fanatics Sportsbook
Each state decides the exact list of sports available to be offered by sportsbooks. Most states authorize pretty much any sport played anywhere in the world, but some are a little more conservative. Similarly, some sportsbooks only offer the big American and European sports, while other sportsbooks offer every sport under the sun. We expect Fanatics to go big, offering as many sports as possible, including:
- Australian Rules Football
- Basketball (NBA and NCAA)
- Football (NCAA and NFL)
- Table Tennis
Betting Markets Expected on Fanatics Sportsbook
All sportsbooks offer pretty much the same types of bets. Some don’t feature same-game parlays yet, or they limit the number of sports available for them, but other than that, the bet types don’t change much. Fanatics will offer the following bet types:
- Parlays (including single-game parlays)
- Prop bets (including player props)
Fanatics Sportsbook Likely Banking Options
Each sportsbook may have similar bet types, but their banking options vary wildly. FanDuel offers the most different deposit and withdrawal options, but many others only offer one or two options. We expect Fanatics to go big here as well, using their payment processing expertise to pull out all the stops and offering bettors many different ways to fund their accounts, including:
- Apple Pay
- Other eWallets that don’t exist yet
- Play+ branded prepaid card
- Gift cards
- Online banking
- VIP Preferred ACH eCheck
- Good old-fashioned paper checks
- Wire transfer
Fanatics Sportsbook FAQ
When will Fanatics exist as a sportsbook?
The short answer is Fanatics does exist as a retail sportsbook after opening up its first retail location at FedEx Field in suburban Maryland. The company has indicated that it will unveil its sportsbook app sometime in early 2023, though the exact date is TBD.
Where will Fanatics Sportsbook operate?
The company will likely be aiming to enter Illinois, Virginia, Maryland, New York, New Jersey, Pennsylvania, Ohio, and possibly Tennessee, for starters.
Why is Fanatics Sportsbook important?
This is an interesting question. Usually, Scores And Odds wouldn’t review a sportsbook that doesn’t exist yet, but Fanatics Sportsbook isn’t just any brand. The Fanatics brand is HUGE, and that is why Fanatics Sportsbook matters. With the impending sportsbook shake-out that will inevitably result in some consolidation and companies leaving the market, Fanatics could be entering the industry at the right time. With its business expertise, an enormous trove of data on millions of sports fans, and, most importantly, tons of cash, Fanatics Sportsbook can immediately make a big splash in the sports betting world.