Fanatics is a sportsbook that boasts to have the best rewards programs and bonuses for its users. Fanatics Inc joined the sports betting industry in 2023, after acquiring PointsBet US, and launched its own sports betting platform shortly after. The sportsbook operates in over 20 US legal sports betting states, and provides betting markets for the sports that are in the highest demand among US bettors.
Betting at Fanatics is made more exciting through its loyalty rewards initiative, one of many bonuses that the sports betting app has to offer. You can earn bonuses through your placed bets, earning you anywhere from 0.1% of the bet amount up to 10% – depending on the odds and the bet conditions. Another way to earn valuable site credits is through Fanatics Sportsbook’s Refer A Friend program, where both you and your referred friends can receive $50 in bonuses quite effortlessly.
Referring A Friend at Fanatics Sportsbook
You can refer up to 5 friends during a promotional period, lasting anywhere from half a year upwards. Your referred friends must meet the eligibility requirements for the bonus, and then sign up for Fanatics through your unique referral link. The steps are quite simple and the time between you sending the referral code and both of you snapping up $50 site credits can be done within a day. By maxing out the friend referral offer, you can earn up to $250. First, make sure you have an account which you can get from sportsbook.fanatics.com, then follow these steps:
- Send your unique friend referral code
- Your friend must follow the link and sign up
- They must register and verify their account
- After that, a deposit is needed
- Then, they must place at least $10 worth of qualifying bets
- You both receive the bonus after the wagers settle
To find your unique referral code, you can simply open the Promo tab and then click Invite on the Refer A Friend promotional banner. You will be presented with the following options: Share via text, email, or social media. Fanatics also tracks your referrals, so you can see how many bonuses you have claimed and even view the progress of any of your newly referred friends. It goes into such detail that you can check out how close your friends are to meeting all the requirements.
Action Required for Friend Referral
The action that your friends are required to make is placing $10 worth of bets. They don’t need to rush this action, as they have the entirety of the promotional period to fulfil the conditions. But it is really quite simple to satisfy the requirements. Just pick a wager that will settle within the promotional period (we recommend sticking to pregame wagers and not futures – as you will be waiting a while), and then place $10 on the wager. You can split the $10 across numerous straight bets or even place a parlay wager, but don’t do any of the following.
When Bets Do Not Meet the Requirements
- Any cashed out wagers
- Any wagers that are made void
- Wagers placed with bonus bets
- Wagers that use profit boosts
Wagers that settle with a win, a loss, or a push are all considered to have met the necessary requirements. Within 72 hours of the bet settling, you will both receive $50 site credits to play with.
Please note the promotion is only available in:
Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, and Wyoming.
It is NOT available in Massachusetts or states where Fanatics Sportsbooks does not operate. So long as your friends are in a legal US betting state where Fanatics operates, and not Massachusetts, you can freely refer them to the app.
Eligibility for Fanatics Referral Program
You can only refer friends who are in states where the bonus is available, and if they meet the eligibility requirements for signing up to Fanatics. That means, they must be 21+ years old, and have no prior account with Fanatics. Also, they cannot be on any self-exclusion registers.
You are not allowed to use anyone else’s referral link, nor share your referral link on social media platforms. Also, you are forbidden from spamming bulk emails with your referral link or abusing the bonuses. Fanatics reserves the right to cancel your bonus or prohibit you from using further promotional offers on the app. In the worst case scenario, your account may be suspended or even deactivated if you are suspected of abusing bonuses.
Fanatics Sportsbook $100 Refer A Friend Bonus
Unfortunately, the $100 Fanatics Sportsbooks Friend Referral bonus was only offered in 2024. The bonus expired in December of 2024, and since the offer has been changed to $50 for you and your referred friends. In the new system, you can earn up to $250 in bonuses (5x $5 bonuses).
How to Use Your Fanatics $50 Friend Referral Bonus
The bonus will be credited to your account within 72 hours of your friends’ qualifying bet(s) settling. You are allowed to redeem the bonus in one big lump sum or divide it into as many bonus bets as you like (the minimum bonus bet amount is $0.10). That means you can claim 1x $50, 2x $25, or any other denomination down to 500x $0.10. Once you have your bonus(es), you cannot combine them into one wager. So claim your bonus carefully and in the way that works best for your betting style.
The bonus bets cannot be cashed out, and do not accrue site credits. These bonus bets cannot be withdrawn or converted into real money. Instead, they are just bonus stakes, that you can use to fund your next wagers. If the bet wins, you will collect the returns but not the original stake amount.
For example, if you place $10 in bonus bets on a +105 wager and win, the total returns would be $20.50. But you will only receive $10.50 of that money, as the $10 stake will return to the sportsbook.
Fanatics Sports Betting Markets
Fanatics Sportsbook has no shortage of betting opportunities on all the major US sports and international sporting events and competitions. You will find everything from standard moneylines to game props, player bets, and alternative betting lines. The sportsbook allows you to select numerous wagers and combine them into parlays, same game parlays, round robin wagers and even teaser bets. The maximum payout for a bet is capped at $1 million, and there is an abundance of betting markets to fuel those mega parlay bets.
In terms of props, Fanatics gives the likes of FanDuel and DraftKings a good run for their money. There are tons of quality betting markets for NFL, NBA, MLB, NHL, soccer, tennis, golf, boxing, MMA, motorsports, and even eSports. The sportsbooks also covers various niche sports such as rugby, darts, volleyball and table tennis, should you ever want to try your hand at something completely new. The betting lines and odds are quite competitively priced, so you will get good value for your wagered dollar.
Banking Made Easy
Fanatics is accessible for customers of all budgets, it has one of the smallest deposit limits among the top US sportsbooks. Players in Iowa, Massachusetts, Michigan and West Virginia can make top ups from as little as $10, and if you be located in any other Fanatics Sportsbook legal US states, then the minimum deposit limit is set at a mere $5.
Deposits can be made via PayPal, Venmo, bank cards, Apple Pay, Online Banking, and Wire Transfers. Withdrawals can be made from as little as $5 (depending on which method you use and your state), and take up to 3 business days to transfer into your account. After making your first few withdrawals, payouts should speed up as your payment method will be approved by the sportsbook.
Further Fanatics Sportsbook Promotions
One of the best promotions at Fanatics is the site credits, a virtual currency that you can earn while making your bets. It is quite simple, for every bet that you place you will earn a percentage of your stake back in site credits – whether you win your bet, lose or push.
| Fanatics Loyalty Earning System | |
|---|---|
| Odds of -110 and Shorter | 0.1% to 1% |
| Odds of -109 to +950 | 1% to 3% |
| Odds of +951 to +3200 | 3% to 6% |
| Odds of +3201 to +7000 | 6% to 9% |
| Odds of +7001 to +9000 and up | 9% to 10% |
Bets that use bonuses (such as your friend referral bonus) do not earn any site credits. This money can be used to redeem more bonus bets on your account, or you can exchange your site credits for discounts and merchandise on Fanatics.com. It is an extremely generous offer, as frequent bettors can easily redeem a few bonus bets per month. The minimum amount of these bonus bets is $0.10, and just as with your friend referral bonus, you are playing for the potential profit and not for the staked bonus bet.
In addition to the site credits bonuses, you will also find a great variety of profit boosts, odds boosts, and premade parlay bets. There are new offers to be had every single day, and you can view them all in the Discover tab on your Fanatics sports betting app.
If you are a brand new customer with Fanatics, you can get $100 in site credits when you join. There is no Fanatics promo code needed to claim the offer, just use any of the links on the page to visit the sportsbook and create an account.
Alternatives to Fanatics Sportsbook
Fanatics is a premier choice for American bettors to make bank on their sports predictions, but it is not the only platform out there that hands out lavish rewards to its customers. There are loads of top US sportsbooks with worthy bonuses and deals that can extend your bankroll considerably.
We have reviewed countless US sportsbooks, sports betting apps, and social betting apps, and have found a great diversity of loyalty programs and rewards initiatives. For example, if you are more into odds boosts, entering free to play betting games, and snapping up the occasional parlay insurance or bonus bet, we would guide you towards the likes of DraftKings and FanDuel.
A player who also likes to travel and spend money at fancy restaurants would be better suited to the likes of Caesars and BetMGM. With those platforms, you can earn credits through playing, but also if you book a stay at one of their hotels, dine in their affiliated restaurants, or even shop at one of the affiliated resorts.
The rewards at these top US sportsbooks go a long way, and you can win all sorts of excellent prizes. We are not talking about the DraftKings Friend Referral bonus prize or BetMGM Invite a Friend offer, but about sky high leaderboard prizes and even a chance to win a complimentary stay at a Caesars resort.
