FanDuel Racing

Overview

FanDuel Racing is the advance-deposit wagering (ADW) product owned and operated by FanDuel Group (Flutter Entertainment), the successor to TVG. FanDuel acquired TVG through its 2018 purchase of Fanatics-adjacent assets and formally rebranded the television network to FanDuel TV in 2022; the ADW app and website continued under the TVG brand for a time and have since consolidated under FanDuel Racing with full single-wallet integration for customers who also use FanDuel Sportsbook and FanDuel Casino. As of April 2026, FanDuel Racing lists availability in 31 U.S. states, including Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Montana, New Hampshire, New Mexico, New York, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Dakota, Virginia, Washington, West Virginia, and Wyoming.

Welcome Offer

The current standing new-user promotion is a $500 First Bet Refund: if your first eligible racing wager loses, FanDuel Racing credits a bonus equal to your stake, up to $500. The refund is issued as site credit that must be wagered once before becoming withdrawable. Minimum deposit is $10. This is a larger headline number than TwinSpires' $200 wagering bonus, but the structure is different: a first-bet refund only pays out if you lose, while TwinSpires' bonus accrues as you wager volume.

Product Depth

Tracks covered are exhaustive for a U.S. ADW: roughly 150 North American tracks plus a wide international menu (UK, Ireland, Australia, Hong Kong, South Africa, France). Bet types include win/place/show, exactas, trifectas, superfectas, Pick 3/4/5/6, Daily Double, and Rolling Doubles. FanDuel Racing was one of the first U.S. ADWs to push Pick 6 jackpot carryovers heavily and has strong coverage of Breeders' Cup and Triple Crown weeks. The in-app handicapping suite is solid — past performances from Equibase are available inside entries, and free expert picks from FanDuel TV personalities are integrated directly into the race cards.

Pricing

FanDuel Racing charges no monthly or per-bet fees. Rebates on certain wager types and tracks are available through its Preferred Rewards loyalty tier for higher-volume players, with rebate percentages that scale with monthly handle. Takeout rates are set by the tracks, not the ADW, and range from about 15% on straight wagers to 25% on exotic multi-horse bets.

Banking

Deposit methods include debit cards, PayPal, Venmo, ACH, PayNearMe, and online banking. Withdrawals go back through PayPal, ACH, or the original debit card. PayPal withdrawals typically settle within hours; ACH runs three to five business days. FanDuel's single-wallet integration lets customers move funds between Sportsbook, Casino, and Racing instantly in states where all three are live, which is a real convenience advantage over standalone ADWs.

User Experience

The mobile app is the strongest in U.S. horse racing. Race cards load fast, past performances are embedded, live streams of most supported tracks play inline through FanDuel TV, and the bet slip supports complex multi-race wagers without the friction older ADW apps are known for. Live streaming is free to funded accounts, which by itself is a reason a lot of casual racing fans use FanDuel Racing over competitors. Support runs through in-app chat and phone; wait times are usually under five minutes.

The Bottom Line

FanDuel Racing is the category leader for U.S. horse racing ADW in 2026. Its track menu, in-app streaming, handicapping tools, and single-wallet integration with the rest of the FanDuel ecosystem make it the default recommendation for any U.S. racing bettor in one of the 31 supported states. The $500 first-bet refund is a genuine new-user draw, though it only pays out on a loss. Power handicappers should still compare Preferred Rewards rebate rates against TwinSpires and the rebate-specialist ADWs before committing a full bankroll.

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