FanDuel promo code: Bet $5, receive a $250 bonus if your wager on the Masters wins

The 89th edition of the Masters begins on Thursday morning, and defending champion Scottie Scheffler will be aiming to win his third green jacket. New registrants who get on board with our exclusive FanDuel promo code (no code required) can get their stake in the action and nab a $250 bonus if a $5 qualifying wager on the Masters turns out to be a winner.

You can also consider wagering on Rory McIlroy, who has yet to win the Masters but is coming into the tournament in strong form.

FanDuel promo code quick hits

🎁 FanDuel promo code No code needed
πŸ’° FanDuel new user bonus Bet $5, get $250 in bonuses if your first bet wins
πŸ“ FanDuel promo terms + conditions Receive $250 in bonus bets if your first wager of $5+ is graded as a win.

Promo is only eligible for players signing up for a new FanDuel account.

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βœ… Last verified April 9, 2025

FanDuel promo code: Claiming your $250 in bonuses

Scheffler, at +400, and McIlroy, at +650, are the favorites to win the Masters. You can go with one of those two for the best shots to ensure that your first bet at FanDuel Sportsbook with our promo code hits the mark and triggers the $250 in bonus bets.

Just follow these easy steps to secure the offer:

  • Access one of the FanDuel promo code banners or links on this page.
  • Enter all necessary personal information in the required fields. No promo code is required when signing up with our links.
  • Confirm your first-time minimum deposit of $5.
  • Put down a qualifying bet of $5 or greater on the Masters. You can also wager on Finishing Positions or Make the Cut Specials with your qualifying wager, among other markets for the tournament.

A $250 bonus will then be sent to your new account within 72 hours if your first bet is a winner. You will also be able to claim the winnings from the qualifying wager. After the bonus bets are issued, they will be valid for seven days.

FanDuel Sportsbook promos for ongoing users

Once the bonus bets have been used, new offers from FanDuel will continue to roll in. Here are some current featured promos for existing players:

  • Profit boosts: Win bigger with enhanced odds on highlighted betting markets.
  • No sweat bets: If your wager whiffs receive a matching bonus bet to try and win again with house money.
  • Referral bonus: Convince a friend to sign up, and you will each be awarded a $75 bonus ($50 sportsbook plus $25 casino).
  • Daily shuffle: Jump into a free contest where you make daily prop picks. Get on a roll of making correct calls and win prizes.

How to use your FanDuel bonus bets for the Masters

The biggest and best in golf will get together for the first major championship of the year. The 95-player field is the largest in a decade, as noted by the Associated Press. The first competitors will tee off at 7:40 a.m. on Thursday, and groups of three will then follow.

Scheffler is seeking his first win of the season, and he did not start the schedule on time after slicing the palm of his hand in late December. He did make a strong charge at the Houston Open, though, and is the clear favorite to win the Masters for the third time in four years.

McIlroy is the one many want to see in the green jacket this time. He has not won a major since 2014, and finally winning the Masters would give him that elusive career Grand Slam. He is competing in the tournament for the 17th time, and only Sergio Garcia had more attempts (19) before winning. Collin Morikawa (+1600 to win) and Jon Rahm (+1400) are other potential contenders.