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DraftKings Review

Bonuses 96%
Banking 91%
Sportsbook 96%
Mobile App 95%
Bonus: Up to $1,000 Credit
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Terms & Conditions Apply
Betting site pros & cons Pros & Cons
  • One of the first sportsbooks to operate legally in US
  • Caters to casual & seasoned bettors
  • Extremely user-friendly and easy to place bets
  • Vig is higher than industry average
Banking highlights icon Banking
  • Minimum deposit: $5
  • No hidden fees on deposits or withdrawals
  • Promotions & bonuses for every bettor
Sportsbook highlights icon Sportsbook
  • Favorable odds available
  • Best cashout feature in the industry
  • Huge range of international and American sports
Mobile App
  • One app for all bettors
  • Easy to place bets on the go
  • Live betting available to mobile users

Overview of DraftKings

The DraftKings online sportsbook and betting app combo is one of the best-known legal sportsbooks for American bettors. Along with their primary rival, FanDuel, DraftKings was one of the first operators to provide legal online betting in the US.

Both brands made the jump into online sports betting from the world of daily fantasy sports. Today, DraftKings is one of the most recognizable brand names in sports thanks to several well-funded ad campaigns.

So, does the platform live up to the hype? Our review covers everything you need to know about DraftKings’ sportsbook.

Overall, DraftKings provides an incredibly approachable sports betting experience. It’s very easy to navigate through the site, and it caters to new bettors by walking through the basics. Seasoned bettors have plenty to be happy about as well, with boosted odds offered on an incredible selection of different sports and betting markets.

Here’s everything you need to know to get started with the DraftKings sportsbook and betting app.

DraftKings Bonuses

EXCELLENT SIGN UP OFFER & DAILY BOOSTED ODDS
Capitalize on generous bonuses for new and returning customers alike

DraftKings has lots to offer in terms of valuable bonuses. With two separate welcome offers worth up to $1,000 and several creative ongoing promos to keep you coming back for more, the promotions are easily one of the best things about this sportsbook and betting app.

DraftKings does have a rewards program that offers free bets, odds boosts, and other benefits the more you wage. Additionally, they often credit players with free bets at seemingly random times (though you’re not likely to get these perks if you’re winning every bet).

Seasonal promotions are dime a dozen, with new bonuses popping up weekly and monthly. The bottom line is that you’ll be able to take advantage of a staggering number of DraftKings promo offers so long as you are actively wagering with the DK app or online sportsbook.

DraftKings Sign Up Offer & Deposit Bonus

Taken at face value, DraftKings has the most enticing welcome bonus for new players of any regulated legal sportsbook. New players are eligible to receive $1,000 worth of promos right off the bat.

This welcome offer is structured as two separate bonuses, all adding up to one very lucrative package. Let’s run through everything you need to do to make the most of these offers and understand the restrictions.

Please note that DraftKings users in New Hampshire are not eligible for this promotion.

DraftKings Deposit Match

The first part of the sign up offer is a straightforward deposit match. DraftKings will match 20% of your initial deposit up to $500.

So, if you’re able to deposit $2,500 when you open your new account, DK will deposit an additional $500. This is adjusted for any amount you deposit – if you make an initial deposit of $100, you’ll be credited $20.

To withdraw funds acquired via the 20% deposit match, you’ll need to place several bets. This is called a “rollover” or “play-through” requirement. For each $25 you risk in the DK sportsbook, $1 of the deposit match bonus money will be released into your account for withdrawal. This means you’ll need to wager $12,500 to receive the max bonus amount of $500 (25x rollover).

We understand that this is a significant restriction, but high rollover requirements are common in the world of online sports betting. If you plan on betting with DraftKings long-term, you should be able to take full advantage of the offer.

DraftKings $500 Risk-Free Bet

In addition to the $500 deposit match, DraftKings provides a risk-free bet worth up to $500 to get you started. Again, you’ll need to deposit a fair amount to take full advantage of this offer. You’ll need $500 in your bankroll to qualify for the full $500 risk-free bet. Here’s how it works:

  • Place your first bet at the DK sportsbook using funds from your bankroll.
  • If your bet is graded a loss, DraftKings will refund the full value in the form of free bet credits, up to $500.
  • You can then make one additional wager with this free bet credit, and the winnings are fully withdrawable.

Unlike the deposit match offer, this risk-free bet isn’t necessarily giving you any extra money. It does, however, provide an excellent chance to turn a serious and immediately withdrawable profit without taking on any risk.

Ongoing DraftKings Promos & Bonus Offers

Daily Boosted Odds

Boosted odds offer a better payout on select events. For example, you might see a boosted line shift from +1500 to +1620, or go from +445 to +485.

DraftKings boosts odds on a variety of straight bets and props, but they tend to be limited to selections at longer odds.

You can easily see which events have boosted daily odds by selecting “ODDS BOOSTS” in the navigation menu.

Profit Boost

DraftKings Profit Boost Tokens have the same effect as enhanced odds – if your bet is a winner, you’ll get a bigger payout than the initial odds suggest. The difference is that you choose which bets you want to use these boosts on, within the specified conditions of each token.

The terms are usually something like “30% boost on any NFL selection”. You’ll gain Profit Boost Tokens the more you wager or complete DraftKings Missions.

DraftKings Missions and My Rewards

If you click the “REWARDS” tab, you can see all of the promotions currently available to you at the DK sportsbook. The My Regards program is based around the completion of specific “Missions” asking you to take a side on select wagers or propositions.

You’ll earn odds boosts, enhanced payouts, and more for each mission completed.

Parlay Insurance

DraftKings offers parlay insurance worth up to $25 on multibets that contain five legs or more from select leagues and events.

If just one selection in your five-leg parlay fails, you will be refunded the amount you risked as a free bet, up to $25. Best of all, you can take advantage of this offer up to four times per day!

Sport and Market-Specific Offers

DraftKings updates their promotions on a weekly and monthly basis. These seasonal offers vary in format, but they often include free bet credits and focus on teams that are popular in local markets.

We recommend checking the “Rewards” tab every time you log into the DK sportsbook to make sure you don’t miss any enticing new offers.

DraftKings Referral Bonus

DraftKings is one of the only legal sportsbooks to offer a referral bonus to existing customers. The offer is straightforward.

If you refer a friend who registers a new account and makes a deposit, you’ll be awarded up to $100 in free bet credits.

Make sure they use your personal referral code upon registration and both of you will be credited a free bet equal in value to their first deposit (up to $100).

DraftKings VIP Program

DraftKings offers an invite-only VIP program to reward their biggest customers with the “royal treatment.”

While the rewards offered through the program aren’t advertised to the public, VIPs can expect exclusive access to private DraftKings events at major sporting events, along with other travel experiences.

To inquire about joining the DK VIP program, bettors simply need to email dkvip@draftkings.com.

Of course, we’d recommend placing some hefty wagers first.

All About the Bonuses

While the terms can sometimes be a bit confusing, DraftKings offers a ton of promotions and bonus offers for a legal online sportsbook. They’ve also done a good job of presenting a range of different promotions to cater to every kind of bettor.

Banking With DraftKings

TONS OF DEPOSIT & WITHDRAWAL OPTIONS
Choose from convenient methods like credit card, PayPal, or ACH transfer

Making deposits and withdrawals at DraftKings is a breeze. Pain-free banking transactions are one of the primary advantages of betting with a fully regulated legal sportsbook, and DraftKings gives you lots of different options to choose from.

DraftKings charges no fees for either deposits or withdrawals, no matter which payment method you prefer to use.

Once you’ve registered your account, you’ll be able to choose from a handful of instant deposit options to get rolling right away.

If you already have an existing DraftKings account for daily fantasy (DFS), you can use contest winnings to place sports bets, but you can’t simply transfer funds that haven’t already been played-through on the DFS side of the site.

Withdrawal options are slightly more limited due to state regulations, but there’s still a good number of secure and instantaneous options to choose from.

DraftKings Deposit Methods

You can make a deposit into your DraftKings account via the online sportsbook, app, or in-person at select casinos in the states where DK operates.

Compared to the competition, the number of deposit methods at DK sportsbook is limited. That said, there are still plenty of familiar options:

Credit Cards: DK sportsbook accepts Visa, Discover, American Express, and Mastercard.

Debit Cards:  You can also use a debit card affiliated with Visa, Mastercard, AMEX, or Discover.

ACH e-Check Bank Transfer: ACH e-Checks allow you to quickly transfer funds directly from your checking account.

Wire Transfer: Traditional wire transfer/money orders are also accepted at DraftKings.

PayPal: Bettors can use a pre-funded PayPal account to deposit at DraftKings. As the world’s most popular eWallet, PayPal at DraftKings provides bettors a quick and secure payment method that does not require them to reveal credit card or personal banking info.

Cash: Cash deposits are accepted in-person at DraftKings casino partners.

DraftKings Minimum Deposit

The minimum deposit at DraftKings is $5 regardless of the payment method. New account holders generally start with a maximum deposit of $2,000 – this can be increased down the road by contacting customer service.

Deposit Method Processing Time Minimum Deposit Maximum Deposit
Credit Card Instant $5 $2,000
Debit Card Instant $5 $2,000
Bank Transfer (ACH) Instant $5 $2,000
PayPal Instant $5 $2,000
Wire Transfer 1–5 days $5 $2,000
Cash Instant $5 $2,000

Withdrawals at DraftKings

Withdrawal options at DraftKings are quite limited. Regulations have a lot to do with this. Many of the withdrawal methods available in other markets are not allowed in the regulated US market. That said, several legal competitors offer more flexibility.

Processing times are also on the longer end, with no instant withdrawal options available.

Withdrawal Method Processing Time Minimum Withdrawal
Bank Transfer (ACH) 3 – 6 business days $20
PayPal 2 – 6 business days $20
Cash 1 hour $20

DraftKings Sportsbook

HUGE VARIETY OF UNIQUE BETTING OPTIONS
Try Flash Bet for the fastest, most engaging live betting platform available

When push comes to shove, even the best bonuses and promotions are useless if the sportsbook experience is lacking. But you can rest assured that you won’t be disappointed in the actual wagering available through the DK betting app and sportsbook.

The depth of options in terms of both events and wagering options is truly staggering. DraftKings has gone to great length to offer an engaging experience for new and seasoned bettors alike.

DraftKings odds are more or less in line with industry standards for legal sportsbooks regulated in the US. That said, experienced bettors accustomed to sportsbooks licensed elsewhere may find the vig – or bookmaker’s fee – to be higher than expected.

DK has a lot of innovative offerings you won’t find elsewhere. Their cashout feature is the best in the business, and “Flash Bets” adds even more excitement to live wagering. We cover these and other features in detail below.

Even with all these extra offerings, the online sportsbook and DraftKings app are very user-friendly. Beginners benefit from simplified language (no industry lingo), and app users will find the experience fully optimized for smaller screens.

Let’s dive into the details.

What Sports Are Available at DraftKings?

You might expect a heavy focus on major North American sports considering DraftKings roots as a US-based operation. And while major professional leagues and college sports are certainly a focus at DK, the brand has made a point of offering bettors as many options as possible.

Expect to see an extensive number of international leagues on offer, along with more obscure sports like darts and snooker. It’s not an exaggeration to say that if there’s action to be had on an event, it’s available at DraftKings.

Here’s a selection of the sports offered:

  • Aussie Rules
  • Bandy
  • Basketball (NBA, NCAAB, Int’l)
  • Boxing
  • Cricket
  • Curling
  • Cycling
  • Darts
  • eSports
  • Football (NFL, NCAAF, CFL, XFL)
  • Golf
  • Greyhounds
  • Handball
  • Hockey (NHL, Int’l)
  • Lacrosse
  • MMA (UFC)
  • Motor Sports (NASCAR, F1)
  • Netball
  • Olympics
  • Rugby League
  • Rugby Union
  • Soccer (Multiple Int’l Leagues. Int’l Competition, World Cup)
  • Table Tennis
  • Tennis
  • Track & Field
  • Trotting
  • Snooker
  • Squash
  • Surfing
  • Winter Sports
  • Volleyball

 

And yes, DraftKings even offers Pesäpallo for any fans of this unusual Finnish take on baseball out there.

Please note that not all sports will be available in all states and markets DK operates in. Crucially, bettors in New Jersey and New Hampshire cannot place wagers on any college events that take place within their respective states or that include a team representing a college or university from the state.

What Type of Bets Can I Place?

DraftKings also offers excellent variety in terms of the types of wagers available. Expect to see all of the standard options available at online sportsbooks, with a deep range of alternate lines and secondary markets like halves, quarters, or periods.

At a minimum, you’ll encounter the following:

  • Moneylines
  • Point Spreads
  • Totals (Over/Under)
  • Championship Futures
  • Player Futures
  • Win Totals
  • Parlays & Round Robins
  • Teasers
  • Team Props, Player Props, Game Props

If you’re not sure what some of these terms mean, all the better. DraftKings uses simple language like “Who Will Win?” vs “Moneyline Odds” to make it crystal clear what you’re betting on.

This is just one of many considerations DK has made to help less experienced bettors learn the ropes quickly. DraftKings has an entire section of guides dedicated to helping newcomers learn to bet and understand the more complex elements of betting on sports.

You can’t create your own props or specials at DraftKings, but there are more than enough existing options to choose from. You’ll find both serious, stat-related propositions and more creative options that offer up extra entertainment value.

One unique offering is the ability to wager on Daily Fantasy Totals for key players. For those players who want to merge the worlds of DFS and sports betting, this hybrid option from DraftKings is a great way to go.

DraftKings also allows much smaller wagers than the majority of the competition. You can risk as little as ten cents on straight bets.

DraftKings Flash Bet: A New Kind of Live Betting

Live, in-game betting has exploded in popularity, with some bookmakers now suggesting it makes up most of their business.

And what’s not to love? Placing bets on events as they unfold in real time is simply more exciting than only doing so before the game begins. With Flash Bet, DK has taken the excitement a step further.

While most online sportsbooks now offer the option to bet on things like “next to score” or “result of current drive”, Flash Bet is the only true play-by-play live betting platform we’re aware of.

Originally developed for tennis but now offered for other sports, the platform allows you to follow the event in real time with embedded graphics while it serves up a flurry of propositions to quickly wager on the exact moment at hand.

Wagers are graded instantly, allowing bettors to have something of a rolling bankroll as they bet throughout an event. You can bet on every point in a tennis match, every snap in NFL games, and every pitch as you make Flash Bets for MLB games.

Ultimately, it’s just a much faster version of the live betting that so many bettors have come to love.

DraftKings also offers slower-paced “traditional” live betting in a separate section of the site.

DraftKings Betting Carousel

You could easily spend hours exploring all the wagering options at DraftKings. Anyone with a TV streaming service is probably familiar with the frustration of endless scrolling, but DraftKings has adopted a Netflix-like feature to help you out: the Betting Carousel.

DraftKings will use your previous wagering history to determine your preferences over time. From there, they use this information to serve up the lines you’re likely to be most interested in on a silver platter.

This is a small thing, sure. But the betting carousel is an important part of DraftKings’ overall effort to provide a more personalized entertainment experience while still offering value to bettors.

Just don’t call them the Netflix of online betting.

Cash Out Early

Like many other online sportsbooks, DraftKings will allow you to settle some wagers before the conclusion of the event or proposition.

Unlike many other online sportsbooks, DraftKings allows you to do so on a huge range of bet types and sports, including parlays.

Mobile App Betting

MOBILE FIRST DESIGN
Download the user-friendly app for iOS & Android

DraftKings knows most of its users are going to be accessing the sportsbook with an app. To accommodate, they have translated the relatively complex options of the desktop platform to be compatible with smaller screens and weaker connections.

iOS users can download the DraftKings sportsbook app directly from the App Store, while Android users will need to download it from the DK website. Conveniently, there is only one app across all the markets DK operates in, so you don’t need separates apps to bet in New Jersey vs. Pennsylvania, for example.

Sign Up Process

REGISTER ONLINE OR WITH THE APP
Be prepared to upload a copy of your ID

Signing up for a new account at DraftKings is extremely simple, unless you live in Iowa. Even there, the process is pretty straightforward.

If you have the following info ready to go, you’ll be up and running in no more than ten minutes:

  • Full name
  • Date of birth
  • Address
  • Last four digits of Social Security Number

Unlike some other legal online sportsbooks, DraftKings does require you to upload a copy of your government-issued ID at the time of registration.

Bettors in Iowa will need to verify their account in-person after providing the basic info above. You can do so art the following locations:

Wild Rose Clinton

777 Wild Rose Drive
Clinton, IA 52732

Wild Rose Emmetsburg

777 Main Street
Emmetsburg, IA 50536

Wild Rose Jefferson

777 Wild Rose Drive
Jefferson, IA 50129

You do not need to have an existing DraftKings online account to wager at DraftKings retail sportsbook locations.

Restrictions

You must be at least 21 years old to open a DK sportsbook account. Users in New Hampshire can use the platform if they are at least 18 years old.

You must be physically located in a state that allows online sports betting and in which DraftKings holds a license to operate. You do not need to be a resident of one of these states – you simply need to be physically present within their boundaries. See below for the full list of states in which DraftKings currently operates.

If betting from a computer, you’ll need to download and enable Geo-Comply software to confirm you are within state lines. This functionality is already built into the mobile app. Expect to have your location pinged every time you log in, fund your account, place a wager with the DraftKings app or online sportsbook.

Available Markets

ONLINE & RETAIL SPORTSBOOKS EVERYWHERE
DraftKings is entering all legal markets, both online and with retail sportsbooks

DraftKings is committed to expanding to all available markets as more states legalize sports betting across the United States.

The online and mobile platforms are available wherever possible, but DraftKings also operates retail sportsbooks in states that do not allow online sports betting.

Here are the states where you can find the DraftKings sportsbook:

State  Online Betting? Retail Sportsbook? Retail Location(s)
Colorado Yes Yes Golden Mardi Gras Casino
Illinois Yes Yes Casino Queen
Indiana Yes No N/A
Iowa Yes Yes All Wild Rose Casinos
Mississippi No Yes Scarlet Pearl Casino
New Jersey Yes Yes Resorts Casino
New York No Yes Del Lago Resort
New Hampshire Yes No N/A
Pennsylvania Yes Yes The Meadows Casino
Tennessee Yes No N/A
West Virginia Yes No N/A

DraftKings has already obtained licenses to operate in additional states. This page will be whenever new DraftKings locations become available.

Customer Service

24/7 CUSTOMER SUPPORT AVAILABLE
Live chat is the fastest way to get in touch

DraftKings has created an extremely helpful and extensive set of resources to address any confusion you might have.

Click “Help” to browse support articles covering everything from betting and sports terminology to result settlement and sport specific betting limits. The FAQ section covers key topics like banking and geolocation software.

If you’d like to speak with DraftKings directly, they have staffed customer support available 24/7. Live chat is the fastest way to get in touch, but you can also submit a web form for less timely issues.

The Bottom Line

DraftKings has made lots of noise as they transition from a dedicated daily fantasy site to a full-on sports entertainment powerhouse. Overall, the DK sportsbook deserves the hype, with multiple generous bonus offers, a massive range of different wagering options, and an easy-to-use betting app and online sportsbook.

Experienced bettors will love the boosted odds and more obscure events to bet on, while new bettors will be sure to appreciate the simplified language and step-by-step guidance as they learn the ropes.

At the end of the day, the DFS powerhouse has put together an incredibly diverse sports betting product with a smorgasbord of unique features you will not find elsewhere in the legal US market.

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