What Happened to Underdog Sportsbook?
If you're searching for "Underdog sportsbook promo" in 2026, here's what you need to know: the sportsbook is dead.
Underdog Sports shut down their North Carolina sportsbook on December 16, 2025. North Carolina was the only state where they offered traditional sports betting, and they pulled the plug after less than two years of operation.
Why They Shut Down
Underdog pivoted away from traditional sports betting to focus on:
- Prediction markets - Partnered with Crypto.com Derivatives for federally regulated sports contracts
- DFS Pick'em - Their core product that was always more popular than the sportsbook
The strategic reasoning? Instead of paying for 50+ separate state sportsbook licenses, they can offer prediction markets nationally through federal regulation. Smart business move, even if it disappointed NC bettors.
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What Underdog Actually Offers Now
Pick'em Fantasy (The Main Product)
This is what most people use Underdog for:
How Pick'em Works:
- Select 2+ player stat projections (higher or lower)
- Combine picks into entries with multiplied payouts
- Fixed payouts - doesn't matter if you pick higher or lower
- Available for NFL, NBA, MLB, NHL, golf, soccer, and more
Example: Pick Patrick Mahomes over 275.5 passing yards + Travis Kelce over 65.5 receiving yards. If both hit, you win. Here's the thing: the more picks you add, the higher the multiplier.
Current Promo: Play $5, Get $75
This is what replaced the "sportsbook promo" people are searching for:
- Sign up with promo code (FOXSPORTS, CBSSPORTS2, SPORTSLINE, COVERS, etc.)
- Play $5 in Pick'em entries
- Get $75 in bonus cash once your entry settles
Deposit at least $10 3.
Important: Not on tap in MD, MI, NJ, NY, OH, or PA.
State Availability
Underdog Pick'em is available in 41 states + DC:
- Most states: 18+
- Alabama, Nebraska: 19+
- Arizona, Massachusetts: 19+ for specific formats
Not available in: Connecticut, Delaware, Hawaii, Idaho, Louisiana, Montana, Nevada, Washington, and the 6 states excluded from the promo.
What I Like About Underdog Pick'em
- Cleaner than DFS alternatives - The interface is modern and mobile-first, not cluttered like DraftKings
- Generous welcome bonus - $75 for a $5 play is solid value
- Fixed payouts - You know exactly what you'll win before entering
- Wide sport coverage - NFL, NBA, MLB, NHL, golf, soccer, tennis, NASCAR
- Fast payouts - Withdrawals are typically processed quickly
What I Don't Like
- Not actually a sportsbook - If you want to bet spreads and moneylines, this isn't it
- State restrictions - 6 states blocked from the main promo is annoying
- Regulatory uncertainty - Arizona already threatened to revoke their license over prediction markets
- Learning curve - Pick'em is different from traditional betting
- Bonus expires - 14-day expiration on bonus funds
Is Underdog Legit?
For the record, yes, Underdog is a legitimate DFS platform. They're funded, licensed in multiple states, and have been operating since 2020. The sportsbook shutdown wasn't an exit scam - they paid out all bets and gave customers advance notice.
The prediction markets thing is... controversial. Arizona's gaming regulators claim it's "sports betting under a different name." We'll see how that plays out.
The Bottom Line
If you came here looking for an Underdog sportsbook promo in 2026, I've got bad news - there is no sportsbook anymore. They shut it down in December 2025.
What you CAN get is their Pick'em DFS product with a Play $5, Get $75 bonus. It's not traditional sports betting, but it's actually pretty fun if you're into player props and stat projections.
Is it a replacement for a real sportsbook? DraftKings, FanDuel, BetMGM, and others still offer traditional sports betting in regulated states. Here's the thing: if you want to bet spreads and moneylines, go there.
No.
But if you want to play Pick'em fantasy with solid bonuses and fast payouts? Underdog delivers.
PLEASE DO NOT GAMBLE WITH MONEY THAT YOU CANNOT AFFORD TO LOSE. Gambling is not a money-making method and you will lose in the long run.