FanDuel Racing promo code: Claim a $500 no-sweat bet for the Preakness Stakes tonight

The second jewel in horse racing’s Triple Crown will be won on Saturday with the running of the Preakness Stakes in Baltimore, Maryland. Racing fans can get a head start on the action by registering with today’s FanDuel Racing promo code (no code required) to grab a $500 no sweat bet for the race.

FanDuel Racing promo code key facts

🎁 FanDuel promo code No code needed
💰 FanDuel Racing new user bonus Get a $500 no sweat bet for the Preakness Stakes
📝 FanDuel Racing promo terms + conditions Receive as much as $500 in bonuses if the first wager is graded as a loss.

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

Bonus bets are distributed as a lump sum of site credit.

⚖️ FanDuel Racing legal states AR, AZ, CA, CO, DE, FL, ID, IL, IN, LA, MA, MD, MI, MN, MT, ND, NH, NY, NM, OH, OR, PA, RI, SD, VA, WA, WV, WY.
✅ Last verified May 17, 2025

FanDuel Racing promo code: How to claim your $500 bonus

Today’s welcome offer from FanDuel Racing is big, but that doesn’t mean it is hard to claim. Follow the step-by-step process below to sign up and grab the offer.

  1. Click one of our FanDuel Racing promo code links or banners.
  2. Click “Join Now” and enter your email address.
  3. Answer the questions in the given prompts. You will not need a code if you register using our link.
  4. Deposit $5 or more into your new account.
  5. Bet up to $500 on the Preakness Stakes.

If you win your first bet, you collect your winnings as usual, and there is no welcome bonus. However, if you lose your first bet, FanDuel Racing will refund your account with racing credit equal to the amount you lose up to $500.

You can use this racing credit on other races. If you win bets with the racing credit, only the profit from the bets is added to your account. Use the full amount within seven days of receipt, or it will expire.

FanDuel Racing promo code: Bet $5, Get a $200 bonus if you win

FanDuel Racing is separate from FanDuel Sportsbook, so you’ll need another account to bet on something other than horse racing. The great part about that is that there is another bonus available.

Sign up using our FanDuel Racing promo code (no code required) to claim the welcome offer. Once you register and deposit at least $5, place a $5 wager on any game. If that wager wins, you’ll receive a $200 bonus to use on more sports bets.

FanDuel existing user promos

While the FanDuel Sportsbook and FanDuel Racing welcome bonuses greet you at the start of your journey, plenty of other promos stick with you long after. Here are a few examples of what is available on each platform.

FanDuel Racing promos

  • Money back special: Get a refund on your win bets for select races and up to $10 back if your horse finishes second or third.
  • FanDuel Race of the Day: Each weekday, FanDuel Racing features a top race. If you bet on a horse in that race to win but it finishes second or third, you’ll receive a bonus bet of up to $5.

FanDuel Sportsbook promos

  • Profit boosts: Get enhanced odds on select betting markets.
  • No sweat bets: If your bet loses, receive a bonus bet to try again with house money.
  • Referral bonus: Invite your friend and you’ll each get a $75 bonus ($50 sportsbook + $25 casino).
  • Daily shuffle: In this free contest, you pick a prop every day with a chance to win prizes the more you get correct.

How to use your FanDuel Racing no sweat bet for the Preakness

Best bet: Journalism to win (8-to-5 odds)

Journalism went off as a 3-to-1 favorite to win the Kentucky Derby and finished second to Sovereignty. Journalism had dominated the competition before the Derby, and the only knock on him was that he had not won in a crowded field.

Although Journalism didn’t win the Derby, he did well in a 19-horse field, proving that he is a force to be reckoned with no matter how many horses are in the race.

Well, the Preakness will have nine horses entered, meaning Journalism will have much more room for one of his usually strong stretch runs. Don’t think twice, let Journalism write your winning story on Saturday.