How Does FanDuel Sportsbook Work? A Beginner’s Guide

Mike McDermott on October 21, 2024

If you’re new to FanDuel Sportsbook, you’re probably wondering how it all works. Don’t worry – it’s simpler than you might think! FanDuel makes signing up, placing bets, and cashing out super easy, even for beginners. In this guide, our expert will walk you through everything, step by step, so you can confidently navigate FanDuel Sportsbook and start placing bets in no time. Let’s dive in!

FanDuel Sportsbook	Promotion & Information
FanDuel Promo Code	Bet $5, Get $200 in Bonus Bets if Your Bet Wins
New User Bonus	Bet $5, Get $200 in Bonus Bets if Your Bet Wins
Weekly NBA Promo	No Sweat Same Game Parlay
Valid	July, 2025
Rollover Requirements	None
First Bet	$10 Or More
Deposit	$10+
Available States	AZ, CO, CT, IL, IN, IA, KS, LA, MD, MI, NJ, NY, OH, PA, TN, VA, WV, WY

21+. Gambling problem? Call 1-800-GAMBLER

How to Sign Up for FanDuel Sportsbook

The first step when its time to play at FanDuel is creating an account, while signing up may seem daunting it’s not. FanDuel has streamlined the process so users can sign up and play fast however before we dive into the steps here are some common questions that need answering before you proceed:

How old do you have to be to use FanDuel Sportsbook?

A users age depends on the state they live in or intend to bet in. Most states require a bettor to be 21 years or older to place a wager, with the exception of Montana, New Hampshire, Rhode Island, and Washington allow those 18 years or older.

Where is FanDuel Sportsbook legal?

Every month more states pass laws allowing legal sports betting online and in person, currently, 30 states and the District of Columbia have passed laws allowing sports betting. Of those states, FanDuel Sportsbook is available in eighteen (18) of them. They include Arizona, Colorado, Connecticut, Iowa, Illinois, Indiana, Kansas, Louisiana, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.

How to play FanDuel in a restricted state?

FanDuel Sportsbook allows users to sign up in any state, there are no restrictions as to where you can sign up, however, if you intend to place a wager you must travel into one of the above states to place a wager otherwise the Geo-location restriction will be in place.

Now that we have that covered let’s get to the sign up process, simply follow these three quick steps and your account will be created.

Visit FanDuel Sportsbook here to start the registration process and claim your welcome bonus.
In a few short prompts, FanDuel will ask for your name, address, birthdate, last four of your social security number.
Next allow FanDuel access to your geolocation, while it is not necessary to be in a state that allows sports betting it will be needed if and when you decide to place a bet.

You have now successfully created your FanDuel Sportsbook account. What only remains is to choose your deposit method to fund your account.

Fund your account

Simply head over to the cashier and choose one of the methods available. The most popular deposit options are Visa, MasterCard, Paypal and Bank Transfer. Depending on your state you may have other such as Apple Pay, PayNearMe, Cash at Cage and more.

Deposit Method	Fees	Processing Time
Visa	Free	Instant
MasterCard	Free	Instant
American Express	Free	Instant
Online Banking	Free	Instant
PayPal	Free	Instant
Venmo	Free	Instant
Apple Pay	Free	Instant
Wire Transfer	Free	Instant
PayNearMe	Free	Instant
Wire Transfer	Free	Instant
Play+	Free	Instant
FanDuel Gift Card	Free	Instant

How To Bet on FanDuel

Time needed: 3 minutes

Now the fun part! Placing a bet on FanDuel Sportsbook. In the steps below we will walk through the process of placing a straight wager.

Select the sport from the menu on FanDuel
On both the website and the app, FanDuel has an easy to use menu. Popular sports will be listed first, these are generally the ones that are in season or games happening that day. Further down a full list A-Z will allow you find virtually anything.
Choose the game you wish to bet on
FanDuel will list every game available once you choose the sport above by default they will list the spread, money line and total if you want more options like player props, alt points, first player to score, and more click on more wagers.
Enter the bet amount
Once you click on the bet you want it will be added to your bet slip, at this time you can enter the risk aka “wager amount” or the Win amount. For more details on bet to win or bet to risk click here.
Click place bet
Once you have entered the wager amount click the green place bet button. It will display the amount you want to bet, and expected win amount. At this time if you wish to cancel the bet click the trash can icon to the left.

FanDuel Payouts and Withdrawal Times

Last but not least getting paid. When betting on sports there is nothing better than cashing out. Here we will take a look at how FanDuel pays its players out and how long it may take based on the method chosen.

When FanDuel receives a payout request the first step is it needs approval. This can take anywhere from 1 hour to 48 hours to gain approval. This is for the security and protection of the user.

Once approved here are the time frames for each option:

Withdrawal Options	Fees	Processing Time
Visa	Free	1-2 days
MasterCard	Free	1-2 days
Online Banking	Free	1-5 days
PayPal	Free	1-2 days
Venmo	Free	1-2 days
Cash at Casino Cage	Free	Instant
Check	Free	Up to 2 weeks
Play+	Free	1-2 days