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  1. Long rumored and now finally here, the sportsbook product from merchandise and sportswear goliath Fanatics is officially launching in the United States. After undergoing beta tests in several states as a “soft launch,” Fanatics Sportsbook is poised to expand to as many states as possible this year, and so too is its iGaming side via Fanatics Casino.

As Fanatics enters the burgeoning online sports betting market, it brings an instantly recognizable brand. Yes, the space is crowded due to countrywide legal changes surrounding online gambling, but Fanatics Sportsbook is positioned to make a major splash. To kick things off, it is offering a welcome bonus of $200 in bonus cash with your first bet of $5 or more.

Let’s take a deeper look into what Fanatics is bringing to the table in terms of its welcome offer, banking options, betting markets, and more.

Fanatics Sportsbook Promo Code for September 2023

Fanatics Sportsbook Promo CodeComing Soon!
Sign-up Bonus Info• $200 in bonus cash offered after $5 bet.
• Bonus funds credited within 72 hours of wager.
• Bonus cash must be wagered at least once before t can be withdrawn
Available to Users inMaryland, Massachusetts, Ohio, and Tennessee
Minimum Deposit$5
Payout Speed2-3 Business days
Best Deposit Options• Online bank transfer
• Apple Pay
• Wire Transfer
Rewards ClubFanCash
Best Sport to Bet onMLB - Great multi-game parlays
PromosFairly common and lucrative
Last UpdatedSeptember 28, 2023

What To Know About the Fanatics Welcome Bonus

Even though Fanatics is new to the market, it is offering an extremely lucrative welcome bonus to players in eligible states. You will not need a promo code to get the bonus; it activates automatically when you create a new sportsbook account.

After creating an account, make a deposit of at least $5 using the payment method of your choice. Find a bet you like, and place your wager (minimum of $5). Say, for example, you wager on the Boston Red Sox to cover a 1.5-run spread. Whether the bet wins or loses, you will receive your $200 in bonus cash. That is the best part of this welcome bonus.

Within 72 hours of placing your $5 minimum bet, you will be credited $200 in bonus cash to your Fanatics Sportsbook account. This money cannot be immediately withdrawn, which is standard for sportsbook bonus funds. Instead, players must wager the money at least once before they can withdraw it. This means that you will have to win at least one wager before you can withdraw any funds. Despite this hurdle, this is one of the more generous and easily obtainable welcome bonuses on the market. For this reason alone, it is well worth giving Fanatics Sportsbook a look.

Signing Up at Fanatics Sportsbook 

The Fanatics homepage is very well designed and easy to navigate. This makes it a breeze to sign up for a new player account if you are at least 21 years old and physically located within a state where you can legally access Fanatics Sportsbook. Provided you meet these prerequisites, just follow the steps below and you will have a new account in minutes:   

  • Head to the Fanatics Sportsbook website on your desktop or compatible mobile device.
  • Look for the sign-up button in the top corner of the page. Click on that.
  • Fill out the information requested, including your name, address, email address, and last four digits of your Social Security number.
    • Fanatics needs this information to verify your age.
  • You will need to grant Fanatics access to view your location so it can confirm you are in a state where it is legal to use the software.
  • Select a username and a strong password to protect your account.
  • After the form is complete and your age/location is verified, you are all set to bet.

After setting up your account, we recommend downloading the mobile app to maximize your experience. The desktop software is fine, but it can be occasionally buggy. You can download the app right from the Fanatics homepage.

Lastly, do not forget about the free $200 in bonus cash you will receive as a welcome bonus after creating your account! Just make one bet of at least five bucks.

Where Is Fanatics Sportsbook Legal?

Fanatics is in the process of expanding its footprint in the United States. After an extended period of legislative issues, Fanatics was finally able to launch beta versions of its product in two states (Ohio and Tennessee) in April 2023. Massachusetts and Maryland followed soon after.  

In an effort to quickly roll out the sportsbook product into many other states in the country, Fanatics acquired the US operations of PointsBet Sportsbook in May 2023. This will provide the blueprint and infrastructure needed to expand quickly. Fanatics plans to be available in 15-20 states before the start of the 2023 NFL season.

Fanatics is following a process of beta testing in states before the full launch, which is a smart idea to identify any software issues and iron out any final legal hurdles before opening up to a wider audience. It is easy to get on the list for a beta test account once it becomes legal in your state. If you are in a state where Fanatics is currently not legal, there is a form on its website where you can provide contact information and be notified when the beta does open up for you. Keep an eye on that page if you are awaiting Fanatics to launch in your area.

Fanatics Sportsbook is currently legal and accessible for sports bettors in these states:

We will update this article as Fanatics expands and opens up beta tests to players in other states.

What Sets Fanatics Sportsbook Apart? 

Even though it is well known in the merchandising world, players might be skeptical of trying an online sportsbook from Fanatics. Rest assured that the product is actually very good! We were happy with our trial of the software. It revealed multiple bright spots and a great variety of betting markets.

Granted, the fact that Fanatics is so new cannot be ignored. It does have a bit of work to do in catching up with established competitors like FanDuel Sports and BetMGM Sportsbook. With time, we are confident that it could be a major player in the sports betting world.    

Highlights of Fanatics Sportsbook

  • Fun rewards program – The Fanatics Sportsbook rewards program pays out in FanCash. The more you bet, the more FanCash you can rack up and spend on cool merch or even bonus bets.
  • Great live betting experience – Fanatics allows players to wager on games while they are underway and provides detailed statistics and fantastic odds in a simple, streamlined manner.
  • Variety of available sports – Fanatics features a huge number of sports that players can wager on, including more obscure sports like cycling and esports. If you love to bet on field hockey, Fanatics is the site for you.

What Needs Improvement  

  • Minimal banking options – Fanatics is still expanding in the United States and is working to add more deposit and withdrawal options for players. Right now, the list is quite small.
  • No option to watch live – Even though players can live bet while an event is happening, there is currently no way to watch live and follow your bet when using Fanatics Sportsbook.
  • Occasionally buggy desktop site – There is a reason we recommend using the app. The desktop software is functional but occasionally hangs up or simply does not respond.

Fanatics Sportsbook Pros & Cons

✅ $200 in bonus cash offered with $5 bet🚫 Not widely available in the US yet
✅ Reputable and well-known brand🚫 Unproven, given its new nature
✅ Highly rated software, powered by Amelco🚫 Limited banking options to start
✅ Diverse and lucrative promos offered regularly
✅ Well-designed mobile app

How Do Deposits and Withdrawals Work at Fanatics Sportsbook? 

Right now, the banking options at Fanatics are unfortunately scarce. There are only a few methods for depositing and withdrawing funds. There is a silver lining, however. With the recent acquisition of the PointsBet US brand and assets, Fanatics is sure to have access to a wider variety of financial methods quickly.

Even though there are only a few banking options, we were pleased that the process for depositing and withdrawing was fast and simple. Deposits are instantly credited, and withdrawals take only a few business days to process. Experiences and availability will vary by state, so be sure to review your options carefully when banking with Fanatics.

Options to deposit funds: 

  • Bank transfer
  • Apple Pay
  • Wire transfer

The minimum deposit for bank transfer and Apple Pay is $5. You will be happy to know that Fanatics does not impose a fee for deposits (although your bank may).

Options to withdraw funds 

  • Bank transfer
  • Check by mail
  • Wire transfer

Withdrawal options are even more limited, with the notable loss of Apple Pay as an option. Check by mail is nice to have, but it will take at least a week to receive your money via this method. The minimum withdrawal amount is just $1, and again Fanatics does not impose any fees on withdrawals.

Fanatics Sportsbook in Conclusion

If you are willing to give a new sportsbook a try, you might well be happy with Fanatics. Just because it is new to online sports betting does not mean it is new to sports; Fanatics has been a globally renowned sports merch brand for more than a decade. It is a trustworthy company that has put money into developing a great sportsbook product.

The highlight of the sportsbook is its welcome offer, which gives you $200 in bonus cash for making just a $5 minimum bet. Once you give Fanatics Sportsbook a try, you will see that the interface is well-designed, intuitive, and fun to use. There is a great variety of sports to bet on and a fun rewards program to keep you betting. Admittedly, it does need some work before it can be considered a top-tier online sportsbook in the league of, say, DraftKings Sportsbook. First and foremost, Fanatics needs to focus on expanding its banking options and launching in additional legal states.

Fanatics Sportsbooks FAQs

What is the best Fanatics Sportsbook welcome offer in September?

If you sign up for a new Fanatics account, you will receive $200 in bonus cash after placing your first $5 bet. No Fanatics Sportsbook bonus code is required.

What is the easiest way to cash out wins from Fanatics?

Bank transfer is currently the easiest and fastest way to withdraw funds. The minimum to withdraw is only $1.

How long do cashouts take at Fanatics?

Receiving withdrawn funds can take anywhere from 24 hours for a wire transfer to a week or longer when receiving a check in the mail.

Is Fanatics Sportsbook safe?

Fanatics is backed by a multi-billion dollar corporation, and security is top notch on the site.

Do you have to live in a specific state to use Fanatics Sportsbook?

Residence is not required to use Fanatics in Massachusetts or Maryland, for example, but you do need to be physically located within the legal state when using the sportsbook. In short, visitors are welcome.

About the Author
Mike Epifani

Mike Epifani

Casino Content Manager
Mike Epifani is a gambling expert and professional writer with more than a decade of industry experience. His current role is Brand Content Manager at, part of the Catena Media network. Mike has written hundreds of guides on online casinos, casino gaming, sports betting, sweepstakes sites, and lottery play.
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