Bettors looking to score swag and other sweet merch might be wise to pay some attention to Fanatics Sportsbook.
The book — launched in 2023 by the sports retail giant — is introducing a new structure for FanCash, a rewards credit that allows fans to cash in on Bonus Bets on their sportsbook as well as discounts on eligible Fanatics merchandise.
The change, put into effect earlier this week, sees Fanatics move away from their old 5%-3%-1% structure, and introduces a new structure that allows players the opportunity to earn up to 10% FanCash on their bets, win or lose.
According to the release, the earnings will now be based on the odds of a player's bet, with longer odds for bets now potentially resulting in higher earn rates for customers.
The Odds range begins at -110 or shorter, for which bettors can earn up to 1% per bet, and ranges up to +6000 and the aforementioned 10% earnings. Additionally, wagers made using Odds Boosts will earn FanCash based on those boosted odds.
Other additional opportunities to earn FanCash will include offers from Fanatics, as well as through Fanatics Casino, which will depend on the type of game played and the amount wagered on the mobile app or site. For slots and instant wins, users can earn 0.2% of their stake back in FanCash, and 0.05% back for table and live dealer games.
FanCash earned through placing bets expires one calendar year after a users' “last earning activity with the Fanatics family of companies,” according to the Fanatics FAQ. It also remains non-transferable.
The full terms and conditions of the new program can be viewed at Fanatics website.
Fanatics continues exciting stretch
Fanatics' move towards these new FanCash rates as the retailer begins an exciting new phase in its growth. Perhaps most notably, the apparel giant recently became the official partner of the NHL’s on-ice jerseys, with fans getting their first look at the gear in action at the NHL Draft last month.
Early reviews of the jerseys have been particularly positive, with reports indicating the new jerseys will be formulated in the same Montreal factory that previously manufactured NHL jerseys.
