This page may contain affiliate links to legal sports betting partners. If you sign up or place a wager, FOX Sports may be compensated. Read more aboutSports Betting on FOX Sports. The Kentucky Derby is here, and its one of the most exciting betting events of the year with massive payouts, fast-moving odds, and nonstop action from the moment the gates open. New users can sign up with FanDuel Racing giving users access to horse racing, a dedicated racebook platform that features The Kentucky Derby and hundreds of other races across the U.S. and internationally. You can even live stream races and access expert insights directly within the platform. FanDuel Racing promo offers new users a bet $5, get $25 in racing bonuses deal, giving horse racing fans a simple way to jump into the Derby. You can use those bonuses on win, place, show, or exotic bets as you try to cash in on one of the biggest races of the year. That said, while the racing-specific offer is solid, the better overall value comes from the main FanDuel Sportsbook promo. New users can claim a bigger bonus when they sign up for the bet $5, get $250 offer, then use the same account wallet to place your Kentucky Derby bets through FanDuel Racing. Its the same account, more value upfront, and more flexibility across both sports and racing. How to Claim the $250 in Bonus Bets, No Promo Code Needed FanDuel Racing welcome bonus New FanDuel Racing users can grab a welcome dealbet $5 and earn a $25 racing bonus if it hits. The bigger value typically sits with the FanDuel new user offer; a $5 wager can win $250 in bonus bets. Start by maximizing FanDuel's welcome offer, then use your bonus bets to dive into the action on FanDuel Racing. With a shared wallet, live streaming, and a wide range of bets, youll be fully equipped for one of the most exciting two minutes in sports. FanDuel Kentucky Derby odds FanDuel Racing's odds are subject to change up until the race. FanDuel Kentucky Derby Markets Here are the different types of bets you can make with FanDuel: