FanDuel Unveils New Product Enhancements to Offer Customers Unparalleled Flexibility in Time for March Basketball

Rhea-AI Summary

FanDuel has announced two innovative features for the March college basketball tournament: a unique tournament parlay system and a new Bet Back Token. The parlay feature, exclusively available on FanDuel, allows customers to combine picks across multiple tournament rounds into a single bet, including predictions for teams reaching the round of 16, winning their region, and winning the championship.

The Bet Back Token, launching March 17, enables customers to receive their wager back in Bonus Bets if their bet isn't performing well, applicable up to the final buzzer. This feature can be used when parlay legs are failing, during player injuries, or when teams are significantly behind. Tournament parlays will be available for building once the bracket is set on March 16.

Positive

• First-to-market innovation with exclusive multi-round parlay feature
• New Bet Back Token feature provides risk management option for customers
• Competitive advantage as the only sportsbook offering cross-round tournament parlays

Negative

• Bet Back Token refunds are to Bonus Bets rather than cash
• Token refunds are capped at a maximum specified amount

Exclusive new features include an exclusive ability to combine picks from multiple tournament rounds into one parlay and a new Bet Back Promotional Token

NEW YORK, March 14, 2025 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced new industry-first product innovations in time for the March college basketball tournament, including an exclusive tournament feature that allows customers to combine picks across multiple rounds into a single parlay and a new Bet Back Token that allows customers to get out of a bet if it is not going to plan. The Bet Back Token will be available for use on any college basketball game beginning March 17, and customers can also begin building their tournament parlays once the bracket is set on Sunday, March 16.

College basketball fans can now stack bracket predictions into a single parlay and finally Bet their Bracket. Only available on FanDuel, customers can enjoy more flexibility and combine multiple tournament bets into one parlay, including teams to reach the round of 16, win their region and cut down the nets. This marks the first time customers can build parlays that include bets from multiple rounds of the tournament, allowing customers to transform their brackets into bets. FanDuel is the only sportsbook offering this way of building a parlay for the men's basketball tournament.

The new Bet Back Token is a first-of-its-kind reward that gives FanDuel customers the option to get their wager back in Bonus Bets if it is not going to plan. The token comes in handy when a leg of a parlay is trending poorly, there is a player injury or if the customer's team is way down with just minutes remaining. It can be applied right up to the buzzer and the wager amount will be returned immediately in Bonus Bets, up to the maximum refund specified in the customer's promotion, offering the chance to get back into the action.

"The March tournaments offer a full month of high stakes college basketball, and while fans' brackets may be busted after a round or two of tournament games, their bets no longer have to be with the Bet Back Token," said Karol Corcoran, Senior Vice President and General Manager of FanDuel Sportsbook. "Combined with our unique multi-round parlay feature, this year we are offering our customers unparalleled flexibility, reinforcing FanDuel's position as the best sportsbook to bet their bracket."

Both the flexible tournament parlays and the Bet Back Token are exclusive to FanDuel and offer a new way to bet on March basketball. For more information, visit FanDuel.com.

About FanDuel Group
FanDuel Group is the premier mobile gaming company in the United States. FanDuel Group consists of a portfolio of leading brands across mobile wagering including, America's #1 Sportsbook FanDuel Sportsbook, its leading iGaming platform FanDuel Casino, the industry's unquestioned leader in horse racing and advance-deposit wagering, FanDuel Racing and its daily fantasy sports product. In addition, FanDuel Group operates FanDuel TV, its broadly distributed linear cable television network and FanDuel TV+, its leading direct-to-consumer OTT platform. FanDuel Group has a presence across all 50 states with approximately 17 million customers and 25 retail locations. The company is based in New York with offices in Los Angeles, Atlanta and Jersey City, as well as in Canada, Scotland, Ireland, Portugal, Romania and Australia.  

FanDuel Group is a subsidiary of Flutter Entertainment, the world's largest sports betting and gaming operator with a portfolio of globally recognized brands and traded on the New York Stock Exchange (NYSE: FLUT). 

Media Contact:
FanDuel Group / press@fanduel.com 

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SOURCE FanDuel Group

FAQ

When will FanDuel's new tournament parlay feature be available for March basketball?

The tournament parlay feature will be available starting March 16, 2025, once the tournament bracket is set.

What is FanDuel's new Bet Back Token and how does it work?

The Bet Back Token allows customers to receive their wager back in Bonus Bets if their bet isn't performing well, usable until the final buzzer and available from March 17.

How is FanDuel's new tournament parlay system different from other sportsbooks?

FanDuel is the only sportsbook allowing customers to combine picks from multiple tournament rounds into a single parlay, including predictions for round of 16, regional wins, and championship.

What types of bets can be combined in FanDuel's new tournament parlays?

Customers can combine predictions for teams reaching the round of 16, winning their region, and winning the championship into a single parlay bet.