The DraftKings Sportsbook complements the company’s US Daily Fantasy Sports (DFS) product now that online sports betting is becoming legal on a state-by-state basis. To introduce you to the site, this DraftKings Sportsbook review will cover basic features, legality, bonus offers and more.
 
If you’re ready to jump right in and try DraftKings Sportsbook for yourself, you can click here to sign up and claim a new customer bonus worth up to $200 as free bets.

 

DraftKings Sportsbook Review - Pros and Cons

DraftKings was founded in 2012 and has developed into one of the two major players in DFS. Historically, fantasy games involved selecting a roster of players for the whole season. DFS removes the season-long commitment and allows players to draft new teams each day or week. Sports betting simplifies this type of gaming and entertainment experience even further. The DraftKings brand is trusted due to its position in the US DFS market. There can be a natural progression from daily fantasy sports to sports betting for DFS players, too.

Now that regulated sports betting is spreading across the US, DraftKings has launched its own, dedicated sports betting platform.

DraftKings Sportsbook was officially launched in 2019. It features the following Pros and Cons:

DraftKings Sportsbook Pros

  • Well-designed and easy to navigate website
  • Achievable and transparent welcome bonus
  • Fast and convenient registration and login
  • Extensive range of deposit methods
  • Vast experience from Daily Fantasy Sports
  • Pre-game, in-play and futures betting

DraftKings Sportsbook Cons

  • Relatively low value in odds
  • High rollover for welcome bonus

Clearly, the positives far outweigh the negatives. DraftKings offers an excellent sports betting service and has effective measures in place for banking, customer support and responsible gambling. Therefore, this DraftKings Sportsbook review gives the brand a strong overall rating.

DraftKings Sportsbook Sign Up Offer

 

New players at DraftKings Sportsbook can activate a welcome bonus without needing to enter a promo code during registration. That’s right, no promo code is required to claim your DraftKings bonus. Simply click through a link on this page (like this one) when you register and you’ll be eligible for the latest sign up offers.

The current new user bonus is for $200 in the form of free bets. Account holders must make an initial deposit and place a qualifying bet of $5 or more. Once you deposit and make your first bet, your bonus will automatically activate in your account.

This offer is subject to wagering requirements of 5x the bonus, which is credited whether the qualifying bet wins or loses. This bonus provides an excellent incentive to register with DraftKings Sportsbook, make a deposit and place the qualifying bet. The only thing you should bear in mind is that any returns from the free bets do not include the free bet stake.

The value of the bonus is not the highest amongst US regulated sportsbooks, but the Terms & Conditions are easy to meet. In fact, this DraftKings review identifies the DraftKings Sportsbook welcome bonus as one of the best and easiest to claim in online betting across the United States. Click here to sign up with DraftKings and claim your bonus now.

 

What states is DraftKings Sportsbook legal in?

At the time of this DraftKings review (September 2022), residents of 17 states can register, deposit funds and place bets at DraftKings Sportsbook. Legislation is changing state-by-state following the repeal of the Professional and Amateur Sports Protection Act, so additional states will be added in the future.

This DraftKings review finds that the online sportsbook currently accepts wagers from individuals residing in the following states:

  • Arizona
  • Colorado
  • Connecticut
  • Illinois 
  • Indiana 
  • Iowa
  • Louisiana
  • Michigan
  • Oregon 
  • Pennsylvania 
  • New Hampshire 
  • New York 
  • New Jersey
  • Tennessee
  • Virginia
  • West Virginia
  • Wyoming

DraftKings DFS is legal in a number of other states. However, the operator has not yet been awarded a licence or submitted an application for sports betting in every state. Even so, we would expect DraftKings to enter the online sports betting market in some of the following legal states in the future:

  • Arkansas
  • Delaware
  • Nebraska
  • Nevada
  • North Carolina
  • Maryland
  • Montana
  • Ohio
  • Rhode Island
  • South Dakota 
  • Washington

DraftKings Sportsbook still is illegal in some states. However, that situation could change as states pass laws that legalize online sports betting away from racetracks and casinos. Trading conditions and taxes also vary by state, which could make it unviable for DraftKings to apply for a licence in some markets. Time will tell.

DraftKings Sportsbook’s Key Features

 

In DFS, players make predictions about outcomes in football, hockey, baseball and basketball on a daily basis. There are real-money entry fees and the results are processed with very little delay. The biggest difference is that in DFS you compete against other players, while in sports betting you are wagering directly on results from a game.

In addition to being a popular destination for DFS, DraftKings provides a fully functional sportsbook that has the following features:

Betting Sports Markets

DraftKings offers betting on all major sports worldwide. This includes the four main pro and college US sports: football, hockey, baseball, and basketball. The site also features markets for international sports like soccer, golf and tennis. The most popular bets are the game winner moneyline, spread and totals. DraftKings also provides player and team props for major games in the most popular sports.

Pre-Game Wagers

Bets can be placed before the action begins in pre-game wagers. DraftKings Sportsbook typically issues game odds a few days before an event. Betting is subject to fluctuation based on weight of money, which can be influenced by team news. Proven expert picks can also cause lines to move.

Once a game has begun, DraftKings closes pre-game markets and betting moves to the in-play platform. Bets are subject to upper and lower limits, depending on the sports and league. Bet options include win and each-way, system bets and parlays.

In-Play Betting

Bettors with DraftKings Sportsbook can place in-play wagers on the most popular betting sports. There is no live streaming of major games at DraftKings, but that is offset by a graphical display of the action and live match data. Odds are updated in real-time, although occasionally there could be a slight delay.

DraftKings momentarily takes down certain odds after a key event in a game, such as a touchdown in football or goal in hockey. The bookie re-displays the latest odds after a short delay. The most popular in-play markets include the moneyline winner, spreads and total goals or points.

Odds Boosts

DraftKings Sportsbook rewards the loyalty of existing players with Odds Boosts. The enhanced returns are usually sport- and game-specific. For example, the sportsbook could quote better odds for a team to win a game in the MLB than what the line and actual probability of that team winning should be. Stakes are often limited for offers that appear on a daily basis.

The operator also offers state-specific bonuses that are designed to provide a reason to bet with this brand. For example, DraftKings is active with bonuses in New York,where some major competitors have removed their bonus offerings.

 

Cash Out

Players with DraftKings can use the cash out feature to guarantee a profit or limit the loss before the final outcome. Pre-game bets or bets placed earlier in the live event can be cashed out mid-event. The cash out value depends on the stake and odds of the original bet and the odds at the time of the request. Bets can not be cashed out when DraftKings suspends betting.

Futures Betting

This DraftKings Sportsbook review identified futures betting being available for the main leagues, conferences and championships around the world. For example, you can place futures bets on the winner of the Super Bowl, Stanley Cup, World Series and NBA Championships. The site also offers futures for the winners of the English Premier League in soccer and major tournaments in golf and tennis.

DraftKings Sportsbook Mobile App

Mobile users can install the DraftKings Sportsbook app for iOS and Android. Both download procedures are fast and convenient. The mobile product replicates the same experience from desktop in terms of account management and sports betting. However, there are no mobile-specific offers. Users can claim the standard welcome bonus and ongoing promotions through the DraftKings mobile app.

 

Betting Guides

Registered players with DraftKings and visitors to the site and app have access to betting guides for the following sports: football, basketball, UFC, baseball, hockey and golf. The categories cover bets that are specific to each sport. For example, guides can cover correct score betting in hockey and match betting in golf.

Customer Support

Customers can contact DraftKings customer service using an online contact form. You also can physically write to the company using postal addresses in Boston and New Jersey. There is a Chat option where support questions can be dealt with in real-time. The site and app also feature a detailed Help Center in which topics can be located by entering a keyword or phrase into a search box. Overall, DraftKings Sportsbook’s customer service provides many options to give you the help you need when you need it.

Responsible Gambling

‘Responsible Gambling’ is one of the options you can select under the ‘COMPANY’ menu that appears in the footer of each page on the DraftKings Sportsbook website. DraftKings has processes in place to encourage players not to gamble beyond their means.

Users can set deposit, wagering and time limits and ultimately have the option to self-exclude. DraftKings have partnerships with bodies that provide support and guidance for individuals who have a gambling problem.

Daily Fantasy Sports

Customers with DraftKings only need one account for both sports betting as well as entries into DFS competitions. Players can seamlessly move from the sportsbook to the DFS Lobby. There are daily tournaments and longer term games in the following sports categories:

  • NFL
  • Soccer
  • NBA
  • Golf
  • NHL
  • MMA
  • MLB
  • NASCAR
  • CFL
  • eSPORTS

Since 2012, the company’s core product has been DFS. However, DraftKings Sportsbook is now live and offers sports betting as well as casino games. The site now is a one-stop location for these major gaming products on both sides of these markets.

 

DraftKings Sportsbook Deposit & Withdrawal Options

Sportsbook players with DraftKings residing in the United States can select from the following deposit methods:

  • Online banking
  • Credit and debit cards
  • Electronic gift cards
  • DraftKings gift card
  • PayPal
  • Prepaid card
  • Cash
  • VIP preferred e-check
  • Wire transfer

Deposits are subject to maximum and minimum values, from $10 up, depending on the service being used. There are no service fees and transfers are immediate. The range of options and specific details makes DraftKings Sportsbook one of the best sites for easy deposits.

Withdrawals can be made using most of these deposit methods. Transfers are possible for $1 to $100,000, which depend on the method and provider. Most payouts are free of charge with timeframes ranging from 1 hour to 5 days. For the most part, DraftKings Sportsbook makes it quick and easy to withdraw your winnings from your account.

This DraftKings Sportsbook review found that the brand compares favorably with competitors when it comes to banking methods and providers. This element is important, as players like to have options that they can trust when transferring money to and from DraftKings.

How to Sign Up for DraftKings Sportsbook and claim your bonus

As the final part of this DraftKings review, we want to guide you step-by-step on how to sign up and make your first deposit, which in turn will let you claim your signup bonus and free bets. 

Here’s how to start betting at DraftKings Sportsbook:

  • Visit DraftKings and click ‘SIGN UP’
  • Specify a Username and Password
  • Enter your information, such as name and email
  • Tick the box to confirm you are aged 21+ and accept the Terms of Use and Privacy Policy
  • Complete your registration
  • Click ‘Deposit’
  • Add payment details and select your deposit amount
  • At this stage, there also is the option to set a daily, weekly and monthly limit
  • Click ‘Continue’ to complete the deposit and your account balance will be updated accordingly
  • You can now place bets and automatically activate your sign-up bonus
 

How to use your DraftKings Promo Code

New players do not need to enter a DraftKings promo code during the registration process. You simply need to click through a Fantasy Alarm link when registering and you will be eligible to claim this offer. Your welcome bonus automatically will be activated when you sign up and make your first deposit. Note that the bonus is subject to wagering requirements listed in DraftKings Sportsbook’s Terms & Conditions.

Ready to get started? Click this link to join DraftKings Sportsbook. The welcome bonus of $200 in free bets provides a good reason to register and try DraftKings firsthand. Remember, no promo code is required.