Since the U.S. Supreme Court made its ruling in 2018 that allowed individual states to create their own sports gambling laws, the industry has been racing to expand across the country.
As each state passes new laws, writes its regulations, and issues sportsbook licenses, DraftKings has been right there. Wherever there is legalized sports gambling in America, there is a DraftKings sportsbook.
At one point, there was some question as to how the daily fantasy sports giant would do in transitioning to a full-scale sports gaming operation. After seeing DK at the top of the drive to legalize and expand sports betting, those questions and concerns feel like ancient history.
DraftKings Sportsbook Overview
Online Since: 2012 (Daily Fantasy Sports) and 2018 (Sportsbook)
Sign-up Bonus: $500 risk-free first bet
Bonus Requirements: Must be used within 30 days, bonus amount not paid out in winnings
Deposits: PayPal, online banking, Visa and Mastercard, Skrill, Play Prepaid Card, cash
Withdrawals: Check, PayPal, ACH (eCheck)
New Player Bonuses
DraftKings is currently offering new customers a 20% deposit bonus of up to $1,000. New users will receive this bonus in betting credit through DK sportsbook rather than cash.
Eligibility for the deposit bonus only entails that you’re a new user that has never deposited on DraftKings before. The bonus amount is not eligible for withdrawal, but any winnings that result from the bonus are the player’s to keep.
Other Bonuses and Incentives
Like many sportsbooks, DraftKings offers a series of bonuses above and beyond the $500 first bet bonus to draw in new customers.
DraftKings is offering a 20% bonus on initial deposits of up to $500. The money can be withdrawn as winnings once it’s been played through 25x and in the first 90 days.
Refer a Friend Bonus
Invite a friend to join DraftKings, and if they do, and make a deposit of at least $25, the referring player will receive a free bet of up to $100. The total amount of the free bet is dependent on the size of the new player’s deposit.
Odds Boosts and Insurance
DraftKings features daily odds boosts that change and rotate through different sports depending on the season and the marquee event of the day. They also offer parlay insurance, which refunds the cost of the bet in the event one leg of the parlay fails to hit. There are also similar insurance promotions on individual sports.
Where DraftKings is Available
The list of places where sports betting is legal and DraftKings is available is growing by the week. As of right now, you can find DraftKings in the following locations.
DraftKings operates retail brick-and-mortar sportsbooks in New Jersey, New York, Pennsylvania, Mississippi, Illinois, and Iowa.
You can place online wagers through the DraftKings sportsbook in New Jersey, West Virginia, Indiana, Pennsylvania, New Hampshire, Illinois, Tennessee, Colorado, and Iowa.
A DraftKings sports betting app is available in New Jersey, West Virginia, Indiana, Pennsylvania, New Hampshire, Illinois, Tennessee, Colorado, and Iowa.
Types of Wagers and Odds
DraftKings has unified all of its sports betting products, be it retail, online, or mobile – and no matter the state in which the customer is playing – into a uniform set of wager offerings.
All DraftKings customers can wager on point spreads, moneylines, totals, parlays, teasers, game, player and team props, and futures bets. Through DraftKings, players can also create private betting pools that allow customers to compete against their friends.
Because DraftKings is powered by Kambi technology, the platform has the speed and flexibility to handle live wagering for several sports. When betting live, players get access to multiple halftime totals, second chance multipliers, and many evolving buy-out options.
On the odds front, DraftKings offers rotating “no juice” specials that change depending on the sport of the day and the big event of the moment.
DraftKings is proud to claim more than 60 different sports that are available for wagering and sports from across the world.
They offer football, basketball, baseball, and of course, hockey. These have been a part of their DFS offerings since the very beginning.
As a sportsbook, DraftKings also offers wagering of more than 65 different soccer leagues and worldwide competitions. Players can wager on Rugby Union, Rugby League, and Aussie Rules.
Combat sports wagering features boxing and MMA matches from both the UFC and Bellator. Players can also wager on NASCAR, Formula 1, golf, tennis, cricket, cycling, and darts. If it’s competitive, DK likely has a wager for it.
With an eye toward ease, speed, and security, DraftKings suggests its customers use online bill pay to make deposits into their accounts. To make this even easier, they offer direct links to Wells Fargo, Bank of America, Chase, PNC Bank, and TD Bank.
If one of these quick links does not connect to a player’s bank, they can still use their bank account by inputting the data manually.
If a customer is unable to set up online bill pay, there are several other available deposit options. Credit and debit cards can be used, as can PayPal, wire transfer, Skrill, and a DraftKings prepaid card that is available through Play.
To withdraw funds, a customer can use PayPal, ACH, or have a personal check processed and sent through the mail. If bets are made at a DraftKings retail location, or a customer has access to a retail location, winnings can be cashed out there.
At this time, DraftKings is not accepting Bitcoin.
DraftKings Customer Support
On its online and mobile sportsbook, DraftKings features a help section dedicated to betting rules, betting terms, pools, a quick start guide, and a detailed explanation of the legality of sports betting in the customer’s state.
There is also a FAQ section to help customers understand available promotions, deposits and withdrawals, account management, and how geolocation technology works.
If all that fails to answer any questions a customer might have, DraftKings does have 24-hour online and email support and a callback option for problems that require a more detailed conversation with a customer service representative.
DraftKings Sportsbook Pros
As an industry leader and one of the biggest sportsbooks filling the burgeoning American market, customers can sign up with DraftKings with confidence. They know that if it’s happening in the world of iGaming, it’s happening at DraftKings. Customers will never feel left behind as sports betting evolves.
DraftKings also has some of the most advanced technology in the industry, making the online experience far more user friendly than other sites. It makes live betting easier to manage and far more enjoyable.
DraftKings will continue to innovate, continue to spread its operations across the country, and continue to offer customers top-notch safety and security. All of that makes DraftKings one of the better sportsbooks operating today, if not the all-around best.
DraftKings Sportsbook Cons
They still do not offer bitcoin as a means of deposit, and that will disappoint some customers. DraftKings also has a rewards program that is too complex, and many of their bonus offers require more playthroughs to activate than some other sportsbooks.
Those bonus offers have also been scaled back recently, offering new customers less money than they used to, and giving existing customers less access to opportunities to boost their potential winnings.
Summary of DraftKings Sportsbook
After our in-depth analysis of DraftKings Sportsbook and other similar books around the United States, our conclusion is that DK garners 4.5 out of 5 possible Betting Midwest Stars.
Once sports betting is legal across the nation and DK accepts more forms of deposit and withdrawal, we have no doubt that they could be the first sportsbook that Betting Midwest gives a perfect 5 out of 5 to. Benedixium!