Fanatics Sportsbook has launched a new promotional offer for its users, allowing new customers to receive up to $350 in FanCash. The promotion is available to individuals who are 21 years of age or older and reside in one of the 23 states where Fanatics operates legally.

The "Bet and Get" offer requires new users to make a minimum deposit of $20 and place a qualifying bet of at least $20. Regardless of the outcome of the bet, Fanatics will issue the user $50 in FanCash daily for seven consecutive days, totaling $350.

This promotion is designed to attract new patrons to the Fanatics Sportsbook platform. The FanCash received can be used for a variety of purchases, including merchandise and other offerings available through Fanatics.

The terms and conditions specify that the offer is for new users only, one per household, and must be claimed in a legal state. The qualifying bet must have odds of -500 or better. The FanCash bonus is issued over seven days and expires 24 hours after each daily issuance.

To claim the offer, users must tap a designated offer link, create an account, complete identity verification, deposit at least $20, and place a qualifying bet. Once these steps are completed, the FanCash will be distributed over the following seven days.

Fanatics Sportsbook is one of several platforms competing in the legal sports betting market. This promotion aims to provide a significant incentive for individuals to sign up and engage with the service, offering a substantial return in FanCash on a relatively small initial wager.

The bonus is paid out in FanCash, which is a loyalty currency used by Fanatics. This FanCash can be redeemed for goods on the Fanatics platform, aligning the sportsbook promotion with the broader Fanatics brand.

This offer is part of a competitive landscape where sportsbooks frequently introduce promotions to acquire and retain customers. The specifics of the offer, including the payout structure and expiry of the bonus, are detailed in the terms and conditions provided by Fanatics.