- oleh Aditya Pranata
- nyala 21 Nov, 2025
When you place your first winning $5 bet on FanDuel Sportsbook before midnight on December 31, 2025, you could walk away with $150 in bonus bets—no strings attached. The offer, confirmed by multiple industry sources as of November 15, 2025, is live right now and applies to any game, including the Memphis Grizzlies vs. San Antonio Spurs game on Tuesday, November 18, 2025, at 8:00 p.m. Eastern Time, broadcast nationally on NBC and streamed on Peacock. It’s not just a gimmick. It’s a calculated play in a market where customer acquisition costs are hitting $300 to $400 per user. And for fans watching the game, it’s a rare chance to turn a casual bet into real value.
How the $150 Bonus Actually Works
You don’t need a promo code. You don’t need to guess. Just sign up, deposit at least $5 (some sources say $10, but FanDuel’s own terms say $5), and place your first bet. Win it? You get $150 in bonus bets, usable on anything from NFL futures to college basketball. No wagering requirements. No rollovers. Just straight cash value, delivered as free bets that expire in 14 days. The only catch? You have to be in one of FanDuel’s 24 licensed states: Arizona, Colorado, Connecticut, District of Columbia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, Vermont, West Virginia, and Wyoming. If you’re in California? Too bad. The state still hasn’t legalized online sports betting, despite having two of the NBA’s biggest franchises.
Why This Promotion Matters Right Now
It’s not just about the Grizzlies and Spurs. It’s about timing. The NBA season is heating up. Ratings are climbing. And FanDuel, as the Official Sports Betting Operator of the NBA since 2022, has a direct line to viewers during primetime broadcasts. The November 18 game isn’t just another matchup—it’s a promotional anchor. The company has been layering on NBA-specific incentives all month. On November 4, they rolled out a 30% profit boost for same-game parlays. The next day, they added a 50% boost token for 3+ leg parlays. Now, they’re backing it all up with a massive welcome offer. It’s a one-two punch: hook new users with cash, then keep them engaged with in-game betting tools.
What the Competition Is Doing
FanDuel isn’t alone. DraftKings is offering $200 in bonus bets plus three months of NBA League Pass. BetMGM goes the other way: if your first bet loses, they’ll refund up to $1,500 in bonus bets. That’s a different strategy—risk reversal instead of reward. But FanDuel’s approach is cleaner. No conditions. No “if you lose, we’ll give you something back.” Just win, and you get $150. Simple. Transparent. And that’s the point. In a market drowning in fine print, clarity is the new currency.
Who’s Really Getting the Deal?
It’s not just the big markets. New York, Pennsylvania, and Illinois are hotbeds for NBA fans. But smaller states like Vermont and West Virginia? They’re seeing record sign-ups too. Why? Because the app works. Legal Sports Report confirmed in July 2025 that the iOS and Android apps load fast, deposits process in under 10 minutes, and customer support responds within 15 minutes during peak hours. The real winners? People who bet on underdogs. The Grizzlies, for example, are 4.5-point underdogs against the Spurs. A $5 bet on Memphis to cover? Win that, and you pocket $150. That’s a 3,000% return on a single play. And it’s legal. And it’s real.
The Bigger Picture: A Market in Overdrive
The U.S. sports betting industry hit $78 billion in wagers in 2024. This year, it’s on track for $100 billion. FanDuel controls nearly 40% of that market. But growth is slowing. User acquisition is getting more expensive. That’s why promotions like this aren’t just about attracting customers—they’re about locking them in. Once you’ve got $150 in bonus bets sitting in your account? You’re not going to walk away. You’re going to bet it. And then you’re going to deposit real money to keep playing. That’s the funnel. And it’s working.
What’s Next?
The clock is ticking. December 31, 2025, is the hard deadline. After that, the $150 offer disappears. But don’t expect silence. FanDuel will likely roll out a new promotion tied to the NBA All-Star Game in February or the playoffs in April. And if California legalizes sports betting in 2026? Watch out. The state’s 40 million residents could be the next gold rush. For now, the Grizzlies vs. Spurs game is the spotlight. And if you’re in one of those 24 states? You’ve got a shot at $150 just for watching the game.
Frequently Asked Questions
Do I need a promo code to claim the $150 bonus?
No promo code is required. Simply sign up through FanDuel’s official app or website, deposit at least $5, and place a winning $5+ bet on any sport—including the Grizzlies vs. Spurs game. If your first bet wins, the $150 in bonus bets will appear in your account automatically within minutes.
Can I use the bonus on any NBA game, or just the Grizzlies vs. Spurs?
You can use your first bet on any sporting event, not just NBA games. But the Grizzlies vs. Spurs matchup on November 18 is being heavily promoted as the current focal point. The bonus itself applies to any game, including NFL, college football, or even tennis. The key is winning your first $5 bet.
Why are some sources saying the minimum deposit is $10?
There’s a minor discrepancy between sources. FanDuel’s official terms state a $5 minimum deposit and wager. However, some third-party sites like SportsHandle report $10 as the threshold, possibly due to regional variations or outdated info. To be safe, deposit $10. But if you’re confident, $5 should work—verified by Legal Sports Report and CBS Sports as of November 2025.
Is this offer available in California?
No. California has not yet legalized online sports betting, despite having the Lakers, Clippers, and Warriors. FanDuel is only available in 24 states. If you’re in California, you can’t sign up—even if you’re watching the game on NBC. The app will block registration based on your device’s location.
What happens if my first bet loses?
You don’t get the $150. Unlike BetMGM’s loss-refund model, FanDuel’s offer is win-only. If your $5 bet loses, you lose the $5. But you can still deposit more and keep betting. The bonus is strictly tied to a winning first wager. It’s a higher-risk, higher-reward structure compared to competitors.
When do the bonus bets expire?
The $150 in bonus bets expires 14 days after they’re credited to your account. The overall promotion ends on December 31, 2025—after that, you can’t even sign up for the offer. So if you’re planning to claim it, do it soon. And once you get the bonus, use it within two weeks or it vanishes.