DraftKings Sportsbook Review

DraftKings Sportsbook launched in August of 2018 in the state of New Jersey with plans to expand to additional states as legislation permits. DraftKings has since launched retail sportsbooks in Mississippi and will be offering mobile betting in Iowa and Indiana soon.

DraftKings Sportsbook

$500 Deposit Bonus + $200 Risk-Free Bet21+ to Play, T&Cs Apply

DraftKings Sportsbook

The world's leading daily fantasy site now offers real money sports betting for players in states where online betting is legal. The new DraftKings Sportsbook covers a wide range of sports and accepts all the same types of wagers as any major Vegas sportsbook in addition to in-play betting.

Pros

  • Mobile and online betting from a trusted name
  • In-play betting offered
  • Can "cash out" bets early to limit losses or protect winnings
  • Sleek, easy-to-understand interface

Cons

  • Only available in New Jersey
  • Limited number of deposit options

Overall Rating

Sports Covered

Variety of Bet Types Offered

Ease of Use

Juice - Competitiveness of Lines

DraftKings Sportsbook Info

Numerous major cash injections from investors turned the fledging fantasy site into a behemoth on the back of aggressive marketing campaigns. DraftKings operated strictly in the fantasy sports arena for the first six years of its existence, but moved to sports betting after a Supreme Court decision ruled the federal ban unconstitutional.

Now, DraftKings fantasy and sports betting are provided on one platform. For customers, this means you can log in to your DraftKings account to place a bet on the Steelers to beat the Eagles and then immediately turn around and enter a fantasy football contest using the same account balance.

Leveraging widespread brand awareness and a database of millions of qualified sports fans, DraftKings entered the sports betting business with a running start. Prior experience in the online gaming space also eased the transition to sports betting. From day one, DraftKings Sportsbook covered mainstream and niche sports alike with a wide range of wagers.

DraftKings Sportsbook is authorized by the New Jersey Division of Gaming Enforcement (DJGE) and is now authorized to accept wagers from anyone 21+ and located within state borders. In New Jersey, DraftKings operates under an online betting license controlled by Resorts Casino.

Thanks to our partnership with DraftKings, we can also detail a juicy deposit bonus for all new customers. As DraftKings Sportsbook works to establish its place in the legal betting landscape, the company has made a strong promotional push of late that includes offers for new and existing customers alike.

DraftKings Sportsbook Bonus

Deposit Bonus up to $500 + $200 Risk Free Bet

DraftKings has given its standard welcome bonus a big upgrade heading into the 2019 NFL season. What was formerly a $200 bonus has become a $500 deposit bonus plus a $200 risk-free bet on top of that.

If you have already claimed a different DraftKings welcome bonus, consider yourself lucky. The $500 deposit bonus is open to all customers – new and existing users alike. The $200 risk-free bet, however, is reserved for first time depositors.

$500 Deposit Bonus

Sign up or log in to your account, deposit at least $5 and DraftKings will match it 50% to give you up to $500 extra. This means a $50 deposit will get you $25 extra, a $100 deposit will get you $50 extra and so on. To claim the maximum bonus amount, deposit $1,000 or more and you’ll get an extra $500 to pad your bankroll.

No bonus code is needed to claim this bonus.

Key terms and conditions: 10% of your bonus amount is released instantly to your DraftKings account and the remaining 90% will be released a rate of $1 for every $25 wagered in the sportsbook, every $25 in DFS entry fees or every $60 in casino wagers.

$200 Risk-Free Bet

Additionally, all new customers who sign up for an account also get a $200 risk-free bet. After you sign up and make a deposit, DraftKings will match your first wager with site credit of an equal amount. For example, if you sign up and you place a first wager of $75, DraftKings will match it with a free bet of $75.

 

Visit DraftKings Sportsbook and Claim Your Bonus Now:

www.draftkings.com

Sports Covered and Types of Bets Offered

DraftKings says it will cover at least 60 different sports over the course of a year. On launch day, DraftKings Sportsbook began accepting wagers on the following sports:

Football Basketball Baseball Hockey
Soccer Boxing Tennis Golf
MMA Motorsports Cricket Darts
Rugby Union

The types of bets on offer cover much more than just who will win the game. DraftKings launched with a wide range of betting options from the beginning. If you visit any particular game on the DraftKings Sportsbook website or mobile app, you’ll see dozens of other options including in-play bets.

In-play betting isn’t something we’ve seen here in the United States yet, but it is a very popular form of betting overseas. With in-play betting, you can place bets in the middle of a game at odds that are updated in real time based on how the game is playing out in the real world.

What makes in-play betting different than traditional betting is it happens during the game and not just before the game. You can, for example, watch the first half of a game between the Giants and Broncos to get a feel for the momentum of the game and then place a bet at the current odds. Or, if the ball game is tied after nine innings, you might decide to place a bet at the top of the 10th inning on who will pull off the victory.

In June 2019, DraftKings Sportsbook launched an even faster form of in-play wagering called Flash Bet. The offering was launched exclusively for tennis at first with plans to expand the offering to other sports.

The basic idea behind Flash Bet is to give customers a chance to place very short-term wagers that are paid instantly as the game progresses. In tennis, for example, you can place in-game wagers quickly between points as a match happens.

Meanwhile, the live betting interface depicts the tennis ball traveling back and forth across the court along with live updates and a running record of your results so far in the match.

DraftKings also offers an early cashout feature for in-play bets. For instance, if you bet on the Giants to beat the Broncos and then halfway through the game, you see the Broncos up by 14, you can cut your losses and cash out early. Likewise, you might see the Giants get a lead and decide to claim a reduced payout in order to avoid any late-game surprises.

Here’s how DraftKings co-founder Matt Kalish put it when interviewed by North Jersey on the day DraftKings Sportsbook launched:

“We have the capability to offers dozens of sports. We’re working with regulators in New Jersey to determine what sports we will offer, and over time more may be available. But all major American sports – we’re not missing anything that people would expect.

“What’s interesting is the depth. You don’t come on and only see, say, the Giants to win. There are dozens of markets within the game, real-time priced in game wagers. And there is the capability of cashing out bets already made. It’s really an amazing platform with amazing depth.”

DraftKings Mobile Sportsbook

DraftKings originally rolled out its sports betting service as a mobile-first product and that’s where the focus remains today. In fact, DraftKings Sportsbook still is not accessible via web interface – wagers may only be placed on the official DraftKings sports betting app for iOS and Android devices.

You’ll find the official download links for Apple and Android smartphones here.

Anyone familiar with DraftKings fantasy will not be surprised to see the sports betting app is clean and well-designed, as is par for the course with DraftKings.

The home screen of DraftKings mobile presents a quick listing of important promos and popular bets while a navigation bar along the bottom edge of the screen can be used to navigate to specific sections such as a listing of all promos, a full list of sports and in-game betting.

There are also places on the app where you can view in-game scoring, the statuses of your outstanding bets and manage your account. In short, the app provides everything you need to set up your account, bet on sports and cash out when you’re done.

DraftKings App Screenshots

DraftKings Sports Betting Pools

DraftKings Pools are a sort of cross between daily fantasy and traditional sports betting in which you sign up for a contest, pay an entry fee and then make a number of straight-up picks. Then, prizes are paid out to the players who make the most correct picks in a tournament-style structure.

For example, a recent DraftKings Pools contest came with a $3 buyin and a guaranteed $10,000 prize pool. The contest covered a weekend slate of 15 NFL games. After paying $3 and entering the contest, you would pick which team was going to win straight up in each of the 15 games.

After the last NFL game was played, prizes were paid out as follows:

  • 50% of the prize pool was split among the entrants with the largest number of correct predictions
  • 30% was split among those with the second-highest number of correct predictions
  • 15% was split among those with the third-highest number of correct predictions
  • 5% was split among those with the fourth-highest number of correct predictions

Pools Contest Screenshots

Deposit Methods

DraftKings Sportsbook originally launched with electronic bank transfers as the only option, but has since added credit cards, debit cards and PayPal as deposit methods. If you have any trouble depositing with a credit or debit card, you can thank your bank for that. Some banks still refuse to work with anything related to online betting.

Bank transfers and PayPal are the best alternative deposit methods, and both are processed just as quickly. Bank transfers can be completed entirely online and are processed free of charge on DraftKings’ end.

PayPal is even easier once you have a PayPal account. You may fund your PayPal account with credit or debit cards in addition to online banking transfers. Once you have a funded PayPal account, you can then transfer that money on to DraftKings. PayPal also comes in handy as a withdrawal method when you’re ready to cash out your winnings.

State-Specific Restrictions

This portion of our DraftKings Sportsbook is reserved for special, state-by-state considerations. Each state in the US regulates sports betting a bit differently, and that has an impact on how licensed betting sites operate. We only have New Jersey to contend with for now, but it is a near certainty that DraftKings will expand to other states as quickly as the law permits.

New Jersey: Customers from New Jersey are prohibited from betting on college games or events that take place in New Jersey or on any single college game/event taking that involves a team from New Jersey, even if that event takes place elsewhere.

DraftKings Sports Betting Plans for Each State

Below is a list of states in which DraftKings Sportsbook either already operates or will likely operate based on partnership agreements it has reached with major casino operators.

DraftKings New Jersey

  • Availability: Mobile betting and retail sportsbook
  • Land-Based partner: Resorts AC

DraftKings Sportsbook is only open to customers from New Jersey at the moment. Daily fantasy contests are still available to customers in NJ and elsewhere, but actual sports betting is limited to New Jersey for now via the mobile app and a retail sportsbook at Resorts AC.

If you live outside New Jersey, you can see our DraftKings fantasy review for more information.

Additional states are in the process of passing legislation to authorize mobile and online sports betting, and DraftKings will almost certainly expand to other states over coming weeks and months. We’ll keep this page updated with a full list of states where DraftKings Sportsbook is active.

DraftKings Pennsylvania

As much as DraftKings would love to enter the PA betting market, its exact path for entry is unclear. The deal DraftKings reached with Caesars Entertainment in early 2019 grants access to most states in which Caesars has properties but does not include Pennsylvania. More recently, Penn National announced it has reached a deal with DraftKings to operate mobile betting through Hollywood Casino at Penn National or The Meadows.

DraftKings West Virginia

In December 2018, DraftKings announced it would be expanding its online operations to West Virginia next. The launch was considered “imminent” at the time, but it appears sports betting in WV has been set back in general due to BetLucky WV suddenly ceasing operations after its software provider experienced an internal dispute.

An exact timeline on the pending DraftKings WV launch has not been revealed, but the company says the launch is coming soon and will include mobile betting for residents across the state.

DraftKings Indiana

Indiana will likely see the launch of DraftKings mobile and at least one retail sportsbook. This is made possible through its partnership agreement with Caesars Entertainment granting access to states in which Caesars has land-based casinos.

In Indiana, Caesars Entertainment operates Harrah’s Hoosier Park, Indiana Grand, Horseshoe Hammond and Horseshoe Southern Indiana. One or more of those casinos may launch a retail sportsbook under the DraftKings banner in addition to mobile betting.

DraftKings also has a deal in place with Penn National for Indiana sports betting and gambling.

DraftKings Iowa

  • Availability: Retail sportsbook(s) possible and mobile betting in the works
  • Land-Based Partners: Wild Rose Jefferson, Wild Rose Clinton and Wild Rose Emmetsburg

Based on the agenda notes from an August 22nd Iowa Racing and Gaming Commission meeting, we have learned DraftKings will be partnering with the three Wild Rose Resorts in Iowa. All three will be working with DraftKings for “advance deposit sports wagering” – a.k.a. online betting. Whether or not there will be a retail sportsbook bearing the DraftKings name remains to be seen.

Mississippi

  • Availability: Retail sportsbook
  • Land-Based Partner: Scarlet Pearl Casino Resort

If you live in Mississippi, you can also visit DraftKings in-person at the Scarlet Pearl Casino Resort in D’Iberville. The physical sportsbook is open seven days a week until 10 PM and has betting kiosks available 24 hours a day.

New Hampshire

The likelihood of DraftKings launching mobile betting in New Hampshire is up in the air at this point. New Hampshire has a law in place authorizing up to five mobile providers, but licenses will be issued through a competitive bidding process and there are no guarantees DraftKings will win one of the five mobile betting licenses.

New York

New York has only passed legislation allowing existing casinos to launch retail sportsbooks, leaving no room for online providers such as DraftKings to enter the market at this time. However, DraftKings and every other major operator are watching the market very closely as lawmakers debate the possibility of legalizing mobile betting.

Tennessee

DraftKings has also stated its intention to launch a mobile app in Tennessee as soon as law permits. Tennessee passed a mobile-only sports betting bill in 2019 and a local news channel reached out to DraftKings for comment. A DraftKings rep confirmed to News Channel 11 that they “absolutely intend” to launch mobile betting in TN as soon as possible, preferably even on day one.