The first Saturday in May brings us the 151st running of the Kentucky Derby. New users who use our exclusive FanDuel Racing promo code (no code required) can get up to $500 in bonuses if their qualifying wager does not win.

Take a chance on a longshot in the nation’s most enduring and long-lasting sporting event with this welcome offer from FanDuel Racing.

FanDuel Racing promo code at a glance

FanDuel Racing promo code: How to claim up to $500 in bonuses

Get into the action at Churchill Downs and find your favorite sleeper pick for the Kentucky Derby. You can wager as much as $500 and receive matching bonuses if the initial bet misses the mark.

Follow these simple directions to secure the welcome offer:

Click on any FanDuel Racing promo code link or banner found on this page.

• Fill in all of the required fields. When signing up through our exclusive links, no code is required.
• Confirm a banking method and enter a first-time deposit into your new account.
• Place a qualifying real-money wager on the Kentucky Derby to launch your new membership.
• If the first real-money wager does not win, FanDuel Racing will send you a matching Racing Credit up to the amount of $500.  

Allow five days for the bonus to be credited to your new account. The bonus cannot be transferred or withdrawn and will be valid for seven days after issuance. The first bet placed after a cancellation or settlement of a scratched horse will be considered a first wager.

New registrants who get on board with FanDuel Racing until May 18 will also be entered into the sweepstakes for a VIP Trip for two to the Belmont Stakes.

FanDuel Racing promos for existing users

After you receive the initial welcome bonus, FanDuel Racing will keep the inviting offers coming. Here are the current featured promos for ongoing users:

• Kentucky Oaks $10 No Sweat Win Bet: Place a win bet on a single horse in the Kentucky Oaks and if the wager loses, receive a matching bonus bet up to $10.
• Money Back Special: If your first single horse win bet on an eligible race places second or third, receive up to $10 in bonuses.
• Race of the Day: Every weekday, get up to $5 back when your win bet pick finishes in second or third.

FanDuel Racing promo code for the Kentucky Derby

Here are the eligible states for the FanDuel Racing welcome offer: 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.

How to use your FanDuel Racing bonus bets for the Kentucky Derby

Post time is at 6:57 p.m. ET on Saturday. According to the Associated Press, Journalism was the 3-1 morning line favorite. He is set to break from the No. 8 post, which has produced nine winners, most recently in 2023. Journalism comes in with a streak of four consecutive race wins

Sovereignty, the second choice at 5-1, will break from the No. 17 post. Sandman was the third choice at 6-1, and previous trends are against him. A race winner has never come from the No. 17 post.

Bob Baffert, who is returning from a three-year suspension, is gunning for a record seventh Kentucky Derby win. He has two entrants in the field, including Wood Memorial winner Rodriguez at 12-1 and Citizen Bull at 20-1. Citizen Bull will break from the No. 1 post, which has not produced a winner in nearly 40 years.

D. Wayne Lukas can become the oldest trainer to win the event, at 89 years old. He is seeking a fifth Derby victory with American Premise at 30-1. Lukas’ entry will break from the No. 5 post, which has produced the most race winners with 10.