DraftKings Sportsbook
DraftKings is a stylish online sportsbook that offers creative sign-up bonuses, early lines, competitive betting odds and a simple user experience.
Jason Robins, Matt Kalish and Paul Liberman founded the business in Boston a decade ago, and it initially focused on Daily Fantasy Sports. The team quickly rolled out an online sportsbook powered by Kambi after the federal sports wagering ban ended in 2018.
In 2020, DraftKings merged with SBTech and a special purpose acquisition company before launching on the Nasdaq. That deal left it flush with cash, which DraftKings invested in a series of eye-catching promotions. It also migrated to in-house technology provided by SBTech, which made the sportsbook more profitable and allowed it to provide better odds.
DraftKings is now available in more states than any other online sportsbook. It still runs DFS contests, and there is an online casino in five states too. This DraftKings review will discuss the app, the odds, the bet types available, the promos and the banking options, so continue reading to learn more.
DraftKings Mobile App Review
The DraftKings Sportsbook mobile app is one of the best in the country. More than 380,000 iOS users have reviewed the app, leaving it with an average score of 4.8 out of 5. The DraftKings app also has an average score of 4.7 on Google Play, and these ratings volumes about the quality and reliability on offer.
It does not run on the standard SBTech platform, which powers apps such as Betway. The team at SBTech created a unique platform for DraftKings, which is sharp, stylish and easy to use. This app does not have as many features as FanDuel and BetMGM, but it is lean, powerful and very user-friendly.
DraftKings Odds and Betting Options
DraftKings Sportsbook initially offered the same odds as fellow Kambi clients, such as BetRivers and Unibet. However, it now offers unique odds after switching to the in-house service run by SBTech, and they are often more appealing. There are standard juice spreads and totals, and some of its moneylines are very competitive.
There are 16 core sports available at DraftKings – boxing, cricket, cycling, darts, football, golf, handball, hockey, lacrosse, MMA, motorsports, rugby league, rugby union, snooker, soccer and tennis. Other sports appear at certain times of the year, such as athletics, Aussie Rules, volleyball and winter sports.
DraftKings publishes very early lines. It is quick to issue betting lines on upcoming MLB, NBA and NHL games after each team has concluded its previous game. NFL bettors will find lines on every single game of the season, before Week 1 has even started.
There are hundreds of betting options on individual games. They include moneylines, spreads,
run lines, puck lines, handicaps, totals, correct scores, player props, game props and same game parlays. DraftKings offers an impressive selection of futures betting options on leagues such as the NFL and NBA, and it is easy to place bets such as parlays and teasers.
DraftKings Bonuses and Promotions
Welcome Bonus
The DraftKings Sportsbook welcome bonus changes regularly. It often promotes a 20% deposit match bonus, which is worth up to $1,000. This DraftKings promo comes with a 25x release requirement. That means a new customer must deposit $5,000 and then place total bets worth $25,000 to claim the full $1,000 in bonus funds. DraftKings often adds a $50 free bet alongside this deposit match bonus to make it more appealing.
However, DraftKings normally offers more attractive bonuses on a limited-term basis. For example, it offered a “Bet $5, Get $200” welcome bonus at the start of the 2022 football season. Any new customers could sign up, bet $5 on an NFL or NCAAF game and get $200 in free bets straight away, win or lose. The funds were divided into eight $25 free bets, and each free bet had a 1x rollover requirement. That made it a very appealing sign-up offer.
You will often find similar welcome bonuses at DraftKings. You just need to bet $5 to redeem a series of free bets – “Bet $5, Get $100”, “Bet $5, Get $150” etc. Sometimes you need to win your $5 qualifying bet to receive the bonus funds, but they are normally issued if you win or lose. Check the small print for the full details. If you click our unique referral link, you will receive the best sign-up bonus right now.
Promotions
DraftKings Sportsbook customers can take part in a series of free-to-play pools contests each week. You will be asked a range of questions about an upcoming sports event, and entrants are then ranked by the number of correct predictions they made. There is often a $5,000 prize pool, with $100 in free bets going to the winner and smaller free bets for every entrant ranked second through 2,225th.
There are also some early payout specials. For example, if your team goes up by seven or more points, your bet will be paid as a winner, even if the team eventually loses. There is a 50% same game parlay boost some weeks too.
Referral Bonus
You will receive free bet credits for referring friends to this sportsbook. Invited friends need to click on your unique referral link. If your friend deposits $25-$49, you and the friend will each receive a $25 free bet. That goes up to $50 on deposits of $50-$99 and a $100 free bet on deposits of $100+. The free bet has a 1x playthrough requirement.
Loyalty Program
The DraftKings loyalty program is named Dynasty Rewards. It spans the sportsbook, casino, Daily Fantasy Contests and the DK Marketplace, which sells memorabilia and collectibles. It will give you a Crown for every $1 wagered, and 550 Crowns can be redeemed for 1 DK Dollar, which is $1 in free bet credit.
Which States is DraftKings Legal In?
DraftKings has exclusive deals in place to provide online sports betting in New Hampshire and Oregon. That makes it the most extensively available sports betting app in the country. These are the states it has launched in:
Arizona
Colorado
Connecticut
Illinois
Indiana
Iowa
Kansas
Louisiana
Michigan
New Hampshire
New Jersey
New York
Oregon
Pennsylvania
Tennessee
Virginia
West Virginia
Wyoming
It is the second most popular sportsbook brand in the country, after FanDuel, but it is No. 1 in some states. The two rivals still battle for supremacy in the DFS arena too. DraftKings also offers a superior online casino to FanDuel, which is available in Connecticut, Michigan, New Jersey, Pennsylvania and West Virginia.
DraftKings Deposits and Withdrawals
DraftKings has a minimum deposit of only $5, whereas rivals require a deposit of at least $10 or $20. That makes it ideal for casual bettors. However, high-stakes bettors can also make large deposits, and they will also qualify for the VIP Program. These are the deposit options:
Credit and debit cards – Visa, MasterCard, Discover
DraftKings gift card
Play+
Online bank transfer
Wire transfer through MVB Bank
VIP Preferred eCheck
PayPal
Cash by barcode at participating venues
Withdrawals take around 3-5 days to arrive. You can be paid out through Play+, PayPal, eCheck, online banking, wire transfer or cash at the cage.
DraftKings Customer Experience
DraftKings only offers email support, so you cannot contact an agent through live chat or over the phone. However, the help center is thorough, and the team responds pretty quickly to emails, while there is also a DK Social option, which allows you to ask the community for help. The overall customer experience is strong and DraftKings has an excellent reputation for trustworthiness and reliability.
