FanDuel

Online Sports Book Review

Overall Rating: 4.8/5

FanDuel was founded in 2009 as a daily fantasy site and opened its first sportsbook in 2018. Since then, it has online sportsbooks in Indiana, New Jersey, Pennsylvania, and West Virginia. Each state’s site is exactly the same and offers the same promo codes. FanDuel offers users the chance to play daily fantasy games and place bets on 15 different sports. Since FanDuel daily fantasy games are available in all states that have not specifically banned daily fantasy, and it’s sportsbook is available in the four states listed above, a FanDuel account can be used even when traveling.

Pros:
  • Beautiful interface
  • Wide variety of live and prop bets
  • Happy hour from 4pm to 6pm Eastern Time every weekday
Cons:
  • Occasionally inflated odds
  • No eSports betting options

FAQs

Are my winnings taxable?

All online casino winnings must be reported to the IRS when you complete your annual federal tax return. This is done on Form 1044. You will tally up your total winnings and report them under the “other income” section. The winnings must also be added to your state tax return and are taxed according to your tax bracket.

How do I get started?

To get started on the site, new users must create an account for FanDuel. The account requires the user’s full name, gender, email, street address, and the last four digits of their social security number. The site will also run a geolocation search to ensure the user is in Indiana, New Jersey, Pennsylvania, or West Virginia.

How do I deposit and is there a minimum?

Users can deposit with a standard checking account, credit or debit card, PayPal, FanDuel Prepaid Card, eCheck, online bank transfer, or the PayNearMe, which is available at any 7-Eleven store. There is a $1 minimum deposit.

Is there a deposit bonus?

All FanDuel users’ first bets are risk-free. If you place a wager on an event and lose, that money is credited back into your account and can be placed on another wager.

How can I withdraw my winnings? And how long does the withdrawal process take?

Users can withdraw through either PayPal, online banking, or a check in the mail. PayPal will take 48 hours to process, online banking takes 2-4 business days to process, and a mailed check will arrive within 7 to 10 business days.

Pros

One of FanDuel’s biggest pros is that it has a truly beautiful site to look at. The interface is incredibly easy to use, and it looks like it was meant to be used on a phone which is where most of their customers will be placing bets. Both the desktop and the mobile app versions are crisp and provide the user the ability to easily place their bets. FanDuel offers a wide variety of betting options for its users. Every sportsbook has bets like spread, moneyline, and totals, but FanDuel also gives its users the chance to place a wager on props, alternate lines, and an array of live bets that will keep users on the site or app for the entire game. FanDuel has real time stats that seem to be updated instantly which helps to keep the user up to date with their current bets. The site has constantly changing promotions that pertain to the particular sports in season which allows the user to win prizes like free bets or cash bonuses. FanDuel also has happy hour contests from 4pm to 6pm Eastern Time every weekday. These are a great chance to place bets at better odds. Another pro for FanDuel is that they have a great customer support system that makes it very easy for users that are having any kind of issues. They provide customer support through live chat, email, or regular mail. FanDuel has a wide selection of sports for its users to gamble on and is not limited to just the traditional sports. Users that want to bet on darts, cricket, rugby, or even Australian Rules Football will have no problem finding a bet to place on the site.

Cons

Despite its vast selection of sports, FanDuel still does not have any bets available for eSports. This is a big miss by FanDuel as it is an ever-growing sport in the United States. The site can also occasionally have inflated odds compared to some of the other online sportsbooks. This can be frustrating when a user wants to place a bet but is facing much higher odds than they might find somewhere else. Other than these two things, which truly are just minor inconveniences, the site does not really have any major flaws.

How to Place a Bet

In order to place a bet, the bettor must determine what they want to gamble on. If the bettor decides to place a bet on the New York Yankees moneyline against the Los Angeles Angels, they simply have to click the moneyline option for that game. Once clicked, the bet will appear on the betslip on the right side of the page. The betslip can hold multiple bets, so a player can choose up to 10 different betting options and place money on them individually or in a parlay, round robin, or teaser bet. Once the bets are placed, the betslip is cleared and the player can place more wagers if they choose to.

How To Deposit

The first step to deposit on FanDuel will be to create an account. Accounts for the daily fantasy site can be used for the sportsbook, so only new users will need to create one. After the user enters their username, email, password, full name and address, date of birth, and the last four digits of their social security number, FanDuel will run a geolocation on the user to ensure that they are in either Indiana, New Jersey, Pennsylvania, or West Virginia. The next step for users will be to deposit money into their FanDuel account. This can be done through a standard checking account, credit or debit card, PayPal, FanDuel Prepaid Card, eCheck, online bank transfer, or the PayNearMe, which is available at any 7-Eleven store. PayNearMe locations will accept cash and cards. Users can withdraw through either PayPal, online banking, or a check in the mail. PayPal will take 48 hours to process, online banking takes 2-4 business days to process, and a mailed check will arrive within 7 to 10 business days.

New users are eligible for the first time risk-free bet. New users’ first time bets will be fully refunded if they lose. This money can then be used to place another bet, but it can not be withdrawn for cash. There is no promo code associated with this refund.

Conclusion

Overall, FanDuel is a great sportsbook with quite possibly the best interface on the market for both the desktop and mobile app versions. If a sports bettor is lucky enough to live in a state that offers FanDuel, it is a great option for placing online bets. Even though the site does not offer eSports and occasionally has higher-than-normal odds, it is well worth using.

  • Reputation and Licensing: 5/5
  • Game Variety: 4.75/5
  • Game Quality: 5/5
  • Bonuses and Promotions: 4/5
  • Deposits and Withdrawals: 5/5
  • User Experience: 5/5
Overall Rating: 4.8/5