Cash Out On Fanduel

The tax is based on your cumulative winnings. FanDuel is required to file a form 1099-MISC tax form based on your cumulative net profit. This is one of the reasons why FanDuel is legal and legitimate. FanDuel wouldn’t be able to stay in business if they didn’t tax your winnings. It is similar to the way in which a state lottery is taxed. Cashing out your winnings is lightning fast, and you’ll get the same convenience, safety, and security you’ve come to expect from FanDuel. You decide what to put your money on, including live in-game wagering, cross-sport parlays, futures, teasers, round robins, numerous prop bets, and more!

Bonuses and Promotions

Odds VS. The Competition

Market Depth & Variety

Deposit & Cash Out

Mobile App

Bottom Line

The FanDuel Sportsbook in Michigan lives up to the brand’s name recognition with a high-quality, top-rated app and a large selection of sports. While the promotions aren’t the best and the odds are hit and miss, FanDuel is a worthy place for bettors in Michigan to wager. And you can do so with ease thanks to the many banking methods and accessibility via both Android and iOS.

FanDuel Michigan's Super Bowl Odds Boost

From now until kickoff on February 7, 2021, FanDuel Michigan is offering new bettors a 55/1 Odds Boost. This Super Bowl Odds Boost is for new Michigan bettors.

Register with this link to claim the offer. Terms & Conditions apply.

See FanDuel in Action

FanDuel Michigan Offer 2021

From now until kickoff on February 7, 2021, FanDuel Michigan is offering new bettors a 55/1 Odds Boost. That means you can bet $5 dollars and win $275 dollars! New bettors get enhanced odds on Kansas City or Tampa Bay to win. This Super Bowl Odds Boost is for new Michigan bettors.

FanDuel Odds VS. The Competition

There are a considerable number of bet types for every sport that FanDuel Sportsbook offers. A few of the options that you will find include spread bets, moneyline bets, total score bets, tri-bets, and winning margin bets. There are dozens of choices so you can tailor your use of the sportsbook at FanDuel to your tastes and style.

In terms of the odds, FanDuel is consistently a top-tier choice for win potential. More often than not, they’re right alongside DraftKings and BetRivers for the industry’s best odds.

Cash Out Fanduel Sportsbook

However, we compared and contrasted the odds on an upcoming Saints at Lions game. If you were to bet on Detroit, here’s the odds breakdown on the moneyline (straight bet) for each of the top sportsbooks in Michigan:

• DraftKings: +175
• BetRivers: +175
• FanDuel: +172
• BetMGM: +170
• FOX Bet: +170

If you were to bet on the game, DraftKings or BetRivers would be the way to go.

We also checked the top Michigan sportsbooks for the Lions to win the Super Bowl. Here’s how the odds stacked up:

• BetMGM: +15,000
• FOX Bet: +10,000
• DraftKings: +8000
• BetRivers: +8000
• FanDuel: +8000

If this were a futures bet you’d want to place, you’d want to place it at BetMGM.

Not only does this highlight how FanDuel consistently features average odds, but it also shows how important it is to shop around before placing a bet. There’s no law against joining multiple online sportsbooks in Michigan.

MichiganSharp.com Is Officially Licensed By Michigan Gaming Control Board To Promote Legal Sports Betting In Michigan

FanDuel Market Depth and Variety Grade

FanDuel offers a large number of sports that can be wagered on, including those that are the most popular in the US, as well as lesser-known international sports. Some of the options available through the FanDuel website and app are the following:

How Do You Cash Out On Fanduel

• Auto Racing – One of the sports available through FanDuel is auto racing, including the most popular NASCAR races.
• Baseball – This service offers MLB sports wagering as well as betting on minor league sports and includes the World Series in their betting offerings. This also includes betting on the Detroit Tigers.
• Basketball – FanDuel Sportsbook lets you wager on NBA basketball games, as well as WNBA games and Euro Basketball matches. This includes betting on the Detroit Pistons.
• Boxing – When it comes to boxing, FanDuel Sportsbook has betting options on, IBF, WBA, WBO, WBC, and many other traditional boxing matches.
• Football – American football can be wagered on through the NFL (including the Lions), the CFL, and other special leagues, depending on your preferences.
• Golf – Some of the golf options available at FanDuel include the PGA Tour, the PGA European Tour, and the Ryder Cup.
• Hockey – If you’re a fan of hockey, you can wager on games in the NHL, AHL, and even the Stanley Cup using FanDuel Sportsbook. This includes placing wagers on the Detroit Red Wings.
• MMA – Various MMA matches are available on FanDuel’s online sportsbook, and you can easily wager on who you think will win and how they will win a match.
• Soccer – Several soccer leagues can be wagered on using FanDuel Sportsbook, such as MLS, the English Premier League, and the Leagues Cup.
• Tennis – When it comes to tennis, FanDuel has options with the ATP and WTA, including tennis majors like Wimbledon and the French Open.

For more on FanDuel sports betting in Michigan and what you can bet on, see our full guide to What Can You Bet On In Michigan.

FanDuel Deposit and Cashout

Many different options are available at FanDuel Sportsbook for depositing and withdrawing your money. Deposits can be made by credit cards, debit cards, prepaid cards, eChecks, PayPal, bank transfers, and more. There are also a handful of choices for withdrawing your winnings.

Here’s a breakdown of each type of banking accepted by the FanDuel Sportsbook in Michigan:

• Credit and Debit Cards: For deposit only. Accepts major carriers like Visa, MasterCard, AmEx, and Discover.
• PayPal: Available for both deposits and withdrawals, this popular e-wallet is a great way to keep your betting finances separate from your regular bank accounts.
• Skrill: Virtually the same as PayPal in functionality. Skrill is a popular e-wallet for international sports bettors because of its low currency exchange rates.
• FanDuel Play+ Prepaid: You can upload money to the FanDuel Prepaid from your bank account or your sportsbook account and vice versa.
• Online Bank Transfer: You can use your login for most US banks to transfer funds directly to and from your FanDuel Sportsbook account. This is most popular as a withdrawal method, but you can use bank transfer for deposits as well.
• PayNearMe: 7Eleven and other retailers offer a cash payment option for participating sportsbooks, including FanDuel. You pay in cash at the PayNearMe retailer, receive a receipt with a confirmation barcode, then scan that barcode through the FanDuel Sportsbook app.

There is also a chance that you can deposit and withdraw in cash at the MotorCity Casino Hotel cage. Check with FanDuel or MotorCity to confirm if that’s a method that interests you.

FanDuel Sportsbook Mobile App

FanDuel Sportsbook offers a mobile sportsbook app that makes it even easier to wager on games and matches on the go. The app is available on both Android and iOS devices, including phones and tablets.

The Android app must be downloaded directly from the FanDuel Sportsbook website, while Apple users can visit the App Store to get access to the application.

The FanDuel app has a current rating of 4.7 out of 5.0 from over 75,000 ratings.

FanDuel offers one of the best mobile sportsbook interfaces available due to its many years in the business and access to the top technology. It’s easy to use for someone who is new to sports betting, but you can also delve deeper and find many options for those who have been using the website or mobile apps for years.

The FanDuel Sportsbook app lets you legally bet on your favorite sports, whether those include baseball and golf or tennis and soccer. The sports betting apps are streamlined and simple to use, with most of the same features as the desktop version of the FanDuel Sportsbook.

Overall Score

FanDuel is one of the most popular online sportsbooks in Michigan because it offers everything an experienced sports bettor likes while still being approachable for newcomers.

The FanDuel Sportsbook’s biggest shortcoming is the intro promotion. With simply a risk-free bet offer and no signup or deposit bonus, it falls short of the other Michigan options.

However, it compensates well with ongoing promotions that are on par with DraftKings and better than BetRivers and BetMGM. These include massive odds boosters and other enticing promotions that invite you to win more for less – or win for free.

FanDuel also has a great loyalty program that rewards you win comp points and other benefits as you bet. This should be a standard aspect of online sportsbooks, but it’s not, making it a standout feature at FanDuel in Michigan.

FanDuel also doesn’t have the best odds compared to its number one competitor, DraftKings. But FanDuel does have competitive enough odds that make the platform worth joining, even if you don’t bet there as often as a competing option.

Plus, FanDuel has an exceptional online casino partner, which offers a great change of pace from sports betting if that fits your betting style.

Is FanDuel Michigan Sportsbook Legit?

Yes, the FanDuel Sportsbook in Michigan is a legit sports betting platform that you can trust with your money and finances.

Partnered With MotorCity Casino

FanDuel’s partnership with MotorCity Casino in Detroit applies to both the retail sportsbook within the casino as well as the apps and website. MotorCity is an established force in Michigan gambling, and they’d only partner with a reputable brand like FanDuel.

Doing Well In Other States

With a significant market share in New Jersey, Pennsylvania, and other states, FanDuel hopes to establish itself early and heavily in Michigan’s sports betting market as a premier betting choice. FanDuel launched its online sports betting app in Illinois in 2020. In late November 2020, they announced an investment in Fairmount Racecourse in Illinois to launch a retail sportsbook. This expansion is in line with their reputation in horse racing through its subsidiary TVG.

Regulated By Michigan Gaming Control Board

The Michigan Gaming Control Board (MGCB) is a strict and vigilant regulator with two goals: to protect bettors and collect tax revenue. With their oversight, you can rest easy.

Stellar Reviews

If you compare the FanDuel Sportsbook app reviews to any other sports betting app, you’ll see how special a 4.7 out of 5.0 rating is. That’s twice that of most other Michigan sportsbooks. The only one that’s comparable is the DraftKings Sportsbook app.

Transparent Terms and Conditions

Few red flags are as big and bright as convoluted terms and conditions and stipulations hidden in the fine print. The FanDuel Sportsbook deliberately has the important information front and center of each promotion so you know exactly what you’re opting into.

Why Choose FanDuel Sportsbook In Michigan Over Your Local Bookie?

FanDuel has many successful retail and online locations in various states and has already introduced a brick-and-mortar location in Michigan at MotorCity Casino with many high-definition televisions, six betting windows, a VIP area, and self-service betting kiosks.

We don’t know what bookie you go with, but we doubt they offer an immersive sports betting atmosphere like the one at the FanDuel Sportsbook at MotorCity.

You also have the guarantee of the MGCB that odds are fair and winnings are paid out. If you bet with an illegal bookie instead, there’s no guarantee that you’ll be paid, and you’ll have no legal recourse if your winnings are withheld.

Also, new users to the FanDuel Sportsbook service can enjoy a free, risk-free bet of up to $1,000 to avoid losing money when starting. If you lose the game you bet on, you’ll receive site credit in the amount of the loss as long as it doesn’t exceed $1,000.

No bookie offers welcome bonuses, and we’d be surprised if any offered promotions or loyalty points.

Why Can Bettors Trust Their Money With FanDuel Michigan Sportsbook?

FanDuel is a daily fantasy sports and sports betting provider based in New York City. It was founded in 2009 and is currently the second-largest fantasy sports service in the U.S., falling only after DraftKings in terms of its user base and entry fees. The service has over six million members and is owned by Flutter Entertainment.

So you can trust FanDuel for the same reason you can trust any major online retailer.

Other ways that FanDuel protects your money include:

• State-of-the-art SSL encryption (the padlock icon to the left of its URL)
• Options two-step authentication to protect your account
• Strict identity verification to ensure it’s you who’s depositing/withdrawing

FanDuel also offers a unique bug bounty for white hat hackers. If anyone spots a vulnerability to the FanDuel Sportsbook, they’ll receive a substantial financial reward. And every time that happens, your information gets even safer.

FanDuel Sportsbook Fact Table

FanDuel Michigan Sportsbook FAQ

No, not yet. The Michigan Gaming Control Board has yet to explicitly approve esports betting for the state’s legal online sportsbooks. Some tribal casinos do have esports options on the betting menu at their retail sportsbooks, as those tribal properties don’t have to abide by the regulations of the MGCB.

All of Michigan’s online sportsbooks, however, do fall under MGCB’s jurisdiction, including those offered by both commercial and tribal casinos. Esports betting could be approved by the MGCB in the future, but for now, the only place to possibly find esports betting in Michigan is at a land-based tribal sportsbook.

21 or older. Michigan’s sports betting laws require players to be at least 21 to place a legal bet at a legal online sportsbook. This minimum age applies to mobile sportsbooks licensed to both commercial and tribal casinos.

Fanduel Withdraw

Tribal casinos can allow for a lower minimum gambling age at their land-based properties, but tribally-owned online sportsbooks require bettors to be 21 or older.

Most people choose to use their credit card to make deposits. However, you can also use PayPal to make a deposit on the website, and PayPal deposits go through with almost a 100% success rate. The site and app also allow deposits through ACH/eChecks, prepaid cards, bank transfers, and other methods.

Yes. It is now legal to bet on sports online in Michigan. FanDuel Michigan was one of the first online sports betting apps and online casino apps to launch in Michigan.

How Do I Cash Out On Fanduel

Around 15, and that list grows regularly. Almost every popular United States sport is offered through FanDuel Sportsbook, including baseball, basketball, football, and hockey. Other sports you can bet on through the app are tennis, soccer, boxing, MMA, golf, and auto racing.

Can You Cash Out Early On Fanduel

Yes. FanDuel partnered with MotorCity Casino in Detroit to offer online legal sports betting. This casino also offers a retail FanDuel Sportsbook for those who prefer to visit the casino itself.