In daily fantasy sports, the gap between a promotional balance and withdrawable cash is defined by playthrough. A deposit match inflates an account's visible balance, but those funds carry no withdrawal value until the user has risked the full combined total on qualifying bets. Underdog's September 2026 welcome offer is structured around that mechanic, and promo code FOXNEWS is the access point for new customers.
New users aged 21 or older can apply the code at signup to receive a deposit match up to $1,000. Underdog credits the matched amount as bonus entries after a qualifying bet is placed. A $10 deposit qualifies, and so does a $500 deposit. At $200, the account opens with $400 in total balance. Bonus entries expire 14 days after the offer is claimed.
Claiming requires downloading the Underdog Sports app, creating an account, and depositing at least $10. The promo code is entered during registration.
How the playthrough requirement works
The conversion math is fixed. A $20 deposit paired with a $20 match leaves the account at $40. Before any of that balance is eligible for withdrawal, the user must place bets totaling $40. Any standard bet counts, though boosted bets and multiplier boosts may be excluded per the offer terms.
Underdog operates in 42 states as of September 2026. The excluded states are Connecticut, Hawaii, Idaho, Iowa, Louisiana, Maine, Montana, and Nevada. The company launched in 2020 and has expanded its legal footprint in the years since.
What existing users can access
Underdog runs no formal loyalty program. Existing customers receive promotional tokens, profit boosts, insurance, and multiplier boosts distributed through the app. The offer terms indicate that heavier platform use corresponds to more frequent promotions.
The FOXNEWS code is restricted to new account holders. Bonus entries awarded under the welcome offer are live for 14 days after the offer is claimed.
Sports betting carries financial risk. Free and confidential support is available through responsible gambling resources if play begins to affect finances, relationships, or wellbeing.