Underdog has launched a new promotion offering a 50% deposit match up to $1,000 alongside free entry into its Keep Your Million game for new users who sign up with the promo code CBSSPORTS2. The offer applies to players in most states where Underdog operates, excluding Maryland, Michigan, New Jersey, New York, Ohio, and Pennsylvania.
Users who enter the code CBSSPORTS2 when registering gain access to a welcome bonus that includes half of their initial deposit back in bonus funds up to $1,000. Additionally, they receive a virtual stake of $1,000,000 in Milly Bucks for the Keep Your Million contest, a game that challenges players to maintain a balance above zero through a series of fantasy sports predictions.
The Keep Your Million game rules specify that participants start with the $1,000,000 virtual pot and must avoid depleting it before the contest ends to qualify for winnings. Milly Bucks are purely virtual currency, usable only within the Keep Your Million contest and cannot be withdrawn or repurposed. Winnings from the game are converted into cash credits once the contest concludes. Bonus funds from the deposit match expire after 14 days, while bonus entries for the contest have no expiration.
The promotion is valid on any of today’s games, including NFL Thursday Night Football and the ongoing MLB Playoffs. Underdog’s app also offers fantasy sports contests and prediction markets for a range of sports in most states. Payment methods accepted include PayPal, Apple Pay, online banking, credit and debit cards, and Venmo.
Underdog Fantasy operates across 41 states plus Washington, D.C., and most Canadian provinces except Ontario, though not all contest types are available in every jurisdiction due to differing state laws. For example, Underdog Drafts are unavailable in Connecticut, Hawaii, Iowa, Idaho, Louisiana, Maine, Montana, Nevada, Washington, and U.S. territories outside the continental United States. Pick Em contests have additional restrictions in states like Maryland, Michigan, New Jersey, and New York.
The platform offers three main contest categories: Pick Em, Champions, and Drafts. Pick Em contests involve selecting player stat projections where users pick at least two players from different teams and predict whether their stats will go higher or lower. The format includes Flex payouts, allowing players to earn prizes even if some predictions are incorrect, and Rivals contests that pit two players against each other with adjusted scoring spreads.
Underdog positions itself as a regulated daily fantasy sports operator with licenses and permissions from relevant authorities in every state where required. The company highlights that federal law excludes fantasy sports from prohibitions on unlawful internet gambling under the Unlawful Internet Gambling Enforcement Act, allowing it to offer contests legally across multiple states.
Compared to other DFS platforms like DraftKings, which offers a $50 bonus after playing $5 and a free Sunday gimme pick with its Pick6 promo code, Underdog’s current offer provides a larger deposit match and access to the Keep Your Million game.
Underdog’s ongoing promotions extend beyond the welcome offer, with weekly bonuses and contests available for existing users. However, participants must meet age requirements that vary by state—usually 18+, but 19+ in Alabama and Nebraska, and 21+ in Arizona, Virginia, and Massachusetts.
The Underdog promo code CBSSPORTS2 remains active for today’s slate of games, including NFL and MLB events, as users across eligible states sign up to claim the bonus and test their skills in the Keep Your Million game.
According to CBS.
