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FanDuel March Madness Promotion

Digging into the terms of this "$150 instant bonus" offer.

Ad Alert

FanDuel March Madness Promotion

If you watched any of the college basketball action aka March Madness over the weekend, a promotion like the one offered at the end of the above FanDuel commercial for a “$150 instant bonus” may be tempting. But as is the case with any free bet or bonus offer, you need to know the terms before jumping in.

In this case, it’s important you have your volume on as a voiceover in the ad (rapidly) reveals that the “$150 instant bonus” amounts to a $150 bonus in site credits for new FanDuel customers only who wager at least $5 on their first bet:

New customers bet $5 and instantly get a $150 site credit bonus.

In order to turn the site credit into real money that you can withdraw, you have to bet it — and win. That may not come as a surprise but you have only two weeks to do it, according to the full terms of the promotion linked at the bottom of both FanDuel’s website and app:

The Promotion Bonus is non-withdrawable, but any winnings therefrom are immediately withdrawable. Any unused portion of the Promotion Bonus will be automatically withdrawn from your FanDuel Account fourteen (14) days after being credited to your FanDuel Account.

The commercial’s barely legible fine print also notes (if you pause the commercial and push your nose against the screen to read it):

Bonus issued as non-withdrawable site credit that expires 14 days after receipt.

What this means for new customers — many of whom will likely have limited betting experience — is that they can’t wait for what they might perceive as the perfect wager to use the site credit.

As noted in both the commercial’s fine print and the terms, the promotion also requires an initial deposit of $10 and, as disclosed in the terms only, the site credit must be used before deposited funds when wagering.

The fine print – it’s awesome, baby!

In response to a request for comment, a FanDuel spokesperson stood by the company’s disclosures and the terms of the offer, saying there are “no strings attached.”

Find more of our coverage on sports betting here.

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