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Icon rating b+

DraftKings Review

Last Updated: 8/12/2022
VA Sports Bettors Accepted

DraftKings Sportsbook Review

DraftKings logo

Pros

  • Lots of promos and odds boosts.
  • User-friendly interface.
  • Wide range of sports and bet types.
  • Public and private pools for betting (sometimes free to enter).
  • Seamless integration with daily fantasy product.

Cons

  • Indirect and unhelpful customer service.
  • Some promotion advertisements can be misleading.
  • Not generally the most favorable odds in the industry.
  • Will limit bettors on a heater.
  • Odds boosts and promos generally have low maximum bet limits.

Bonuses

20% Deposit Match up to $1,000

The bonus amount is equal to 20% of your first deposit amount, not to exceed $1,000 (the customer must deposit $5,000 to be eligible to receive the maximum possible bonus amount of $1,000). For every $25 played on DraftKings in DFS/Sportsbook/Casino, the user will receive $1 in bonus funds released into their customer account (e.g., a $5,000 deposit requires a customer to play through a cumulative total of $25,000 in daily fantasy contests, sportsbook (-300 odds or longer), casino products, or any combination thereof to receive the maximum possible bonus amount of $1,000). The play-through requirement must be met 90 days from the date of the first deposit to receive the maximum bonus.

Terms and conditions apply

Kansas Prelaunch $100K Free Bet Sweepstakes

Kansas residents have a chance to take advantage of DraftKings prelaunch offers before the state officially goes live with legal online sports betting. By opting in, you agree to opt into both a $100 Free Bets offer and to be entered into the $100,000 Free Bet sweepstake. Upon opt-in, customers will receive $100 instantly (in case of technical difficulties, within 72 business hours) upon DraftKings regulatory approval in the State of Kansas. $100 Bonus paid as four (4) $25 Free Bets. $100,000 Sweepstakes Grand Prize paid as one (1) $100,000 Free Bet. Free Bets are valid for seven (7) days.

Terms and conditions apply.

The sign-up bonus at DraftKings changes regularly, but it is usually average based on industry standards. Their primary sign-up bonus offers two rewards worth up to a combined $1,050. This is average across the industry but below the monetary value of the sign-up bonus offered at PointsBet ($2,000 risk-free bet). The offer at DraftKings is also structured differently.

At DraftKings, you will receive a $50 free bet with a minimum deposit of $5. If you don’t have the bankroll to make a more extensive first deposit, this is a humble offer. Still, far from generous considering, DK is a multi-billion dollar industry giant.

The more significant offer DraftKings features is a 20% first deposit match up to $1,000. In this case, you must deposit $5,000 to be eligible to receive the maximum possible bonus amount of $1,000. This is not a reasonable offer for the casual bettor.

In addition to matching just 20%, new bettors are gobsmacked by some brutal playthrough terms tied to their bonus money at DraftKings. 

For every $25 played on DraftKings, users will receive $1 in bonus funds released into their player account (e.g., a $5,000 deposit requires a user to play through a cumulative total of $25,000 in daily fantasy contests, sportsbook (-300 odds or longer), casino products, or any combination thereof to receive the maximum possible bonus amount of $1,000). 

If that wasn’t bad enough, the play-through requirement must be met 90 days from the date of the first deposit to receive the maximum bonus. After that, you are ineligible to earn any additional bonus funds as part of this promotion.

Terms this bad can sometimes be found in places like the grey market in Canada or by unregulated offshore bookmakers, but you don’t see this from most regulated U.S. sportsbooks.

Sportsbook Promos and Contests
DraftKings is one of the best online sportsbooks for providing free-to-play contests. You can participate in its “Sportsbook Daily Pools” contests every day, climb the leaderboard and win cash prizes. It also launches short-term sportsbook promos, such as profit boosts, risk-free bets, and parlay boosts. There is a refer-a-friend offer worth up to $100, and you can benefit from $100 in free casino credits in certain states, along with a deposit match bonus for the daily fantasy sports product.

DraftKings also has a lot of revolving sport and event-specific new user promos. It was giving away $150 in free bets to new users that deposited just $5. You could sign up for a DraftKings account, deposit $5 and wager $1 on any NFL game or UFC fight to unlock six free $25 bets. You then had seven days to use the free bets, which came with just a 1x playthrough requirement.

At other times, DK allows you to bet $1 on a heavy favorite at odds of 150/1 (+15000) after signing up for an account. Another example was the ability to bet $1 on a 3-point field goal being made in an NBA game at 100/1 or a punch thrown in a UFC fight at 100/1, which amounted to $100 in free bet credits.

Odds Boosts
Click on the “Odds Boosts” section on the DraftKings online sports betting site or mobile app to see a list of available boosts each day. They are generally linked to parlays or same game parlays. For example, you might find the Bills, Browns, and Buccaneers all to win boosted from +155 to +170, or Lamar Jackson and Teddy Bridgewater to combine for 450-plus passing yards in a game, boosted from -105 to +110. These are entertaining options, but the boosts are minimal and often come with low maximum bet limits, lowering the potential for high profitability.

DraftKings Sportsbook Review

DraftKings has become a household name throughout the U.S. They were pioneers in the daily fantasy sports movement and made a natural jump into sports betting once it was legalized across the country. 

We’ll look at what DraftKings offers and why it should be a staple betting app for all new sports bettors and avoided by seasoned veterans.

DraftKings Locations

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

DraftKings also launched in Ontario, Canada, in 2022 as the province was the first in Canada to welcome legal and regulated online sportsbooks. As an industry leader, DraftKings will continually be one of the first sportsbooks offered in states accepting legal online sports betting.

Sports Leagues to Bet On

DraftKings sports betting customers will see a shortlist featuring the most popular sports and leagues at the top of the homepage. It generally features football, basketball, baseball, hockey, and soccer, along with big golf and tennis tournaments.

NFL Betting

As an industry leader, you’ll always find one of the widest selections of NFL betting options at DraftKings. From player and team props to live betting markets, DraftKings has you covered. You’ll also find traditional bets like moneylines, spreads, and over/unders. The quality of odds at DraftKings for NFL is typically average. Be aware that regular bettors may find themselves quickly limited on popular NFL bets or excluded from ongoing promos targeted towards beginners.

NBA Betting

There’s no shortage of betting options for NBA fans, as DraftKings offers moneyline, spread, and total plays for every game on the schedule. You can also wager on quarterly or halftime options and daily player props. You’ll also find plenty of ongoing promos and odds boosts for the NBA.

College Football

If it’s NCAA football markets you seek, you’ve come to the right place. DraftKings offers moneyline, spread, and total plays for the majority of Division I games on any given Saturday during the season, along with a large assortment of quarter-by-quarter or halftime plays. Depending on regulations in your region, you can also wager on team and player props.

College Basketball

You’ll find one of the industry's most robust college basketball betting markets at DraftKings. Futures bets are available year-round. Marquee games and smaller markets during the regular season are also covered well. DraftKings kicks things up a notch like most sportsbooks when March Madness tips off.

NHL Betting

DraftKings offers a healthy number of hockey betting markets every day during the season and into the Stanley Cup playoffs. In addition to moneyline, puckline, and total plays, bettors have access to team and player props, along with period-specific betting markets. You’ll often find regionalized promos and odds boosts supporting your favorite local team.

MLB Betting

DraftKings offers comprehensive MLB markets for pre-game bets (moneyline, runline, total) and in-game action (five innings moneyline/run line, player props, team props). This is a top sport to utilize the “Flash Bet” feature at DraftKings, which offers one of the industry's best live streaming and live betting platforms.

Other Sports Leagues

You will see a massive A-Z list of sports offered at DraftKings, which includes Aussie Rules, Bandy, Basketball (NBA, NCAAB, Int’l), Boxing, Cricket, Curling, Cycling, Darts, eSports, Football (NFL, NCAAF, CFL, XFL, USFL), 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.

Online Betting Experience

The online sports betting experience at DraftKings Sportsbook is excellent. It has completed the migration to SBTech, providing a similar experience to other SBTech customers like Betway.

Website Experience

The sports betting site looks excellent, with light gray text on a dark background and some flashes of green to brighten it up. There is no search option, so you have to navigate toward a particular game. The navigation system is smooth and user-friendly, and we were able to find games quickly.

Picture of DraftKings website

Mobile Betting and Betting App

Apple App Store Rating of DraftKings

The DraftKings mobile app has an average rating of 4.8 out of 5 on the app store after more than a quarter of a million users reviewed it, which is an outstanding score.

The DraftKings mobile app is well designed and easy to use. We tested it on many different iPhones and Android devices for this sportsbook review, and we were impressed with its performance. Other sportsbooks face difficulties with geolocation, but DraftKings users have not reported many issues. 

Live Betting

You can enjoy in-play betting on hundreds of sporting events weekly at DraftKings online sportsbook. Click on the “Live In-Game” option to see a list of events covered. You will find dozens of live betting markets on various games daily. Customers can also stream certain games live within the DraftKings mobile app, including German soccer and Korean baseball, courtesy of a partnership with Sportradar.

Casino, Poker, & Other Gaming Options

DraftKings was initially famous for its daily fantasy sports (DFS) contests. It covers football, basketball, baseball, hockey, soccer, golf, tennis, NASCAR, Aussie Rules, and eSports. DraftKings has not yet launched an online racebook, which is another potential area for expansion, as rival FanDuel has a racebook.

DraftKings also offers an online casino in the states that permit iGaming, such as Michigan, New Jersey, Pennsylvania, and West Virginia. 

It has 559 games, including 471 slots, seven live dealer games, 69 virtual table games, a few video poker, jackpots, virtual sports, and variety games. The casino games at DraftKings are from leading software development companies such as NetEnt and IGT. 

We would like to see more live dealer games added in the future, but the overall selection is substantial. Casino games are one of the largest sources of customer complaints from more prominent sportsbook providers, so play at your own risk.

In August 2021, DraftKings Marketplace also launched as a digital collectibles market designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions.

DraftKings History

DraftKings was founded as a daily fantasy sports platform by Jason Robins, Matthew Kalish, and Paul Liberman on December 31, 2011. Its primary headquarters are in Boston, MA. The company has approximately 2,600 employees and is aggressively growing with plans to open a secondary headquarters in Las Vegas. MLB has an investment stake in the company and is a partner. DraftKings also owns Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast and content company.

In August 2018, DraftKings Sportsbook launched in New Jersey, making it the first company to offer legal, mobile, and online sports betting after the overturn of the Professional and Amateur Sports Protection Act (PASPA). 

DraftKings Sportsbook was powered by Kambi, but DK then merged with another white-label provider – SBTech – and a special purpose acquisition company in 2020. It, therefore, migrated from the Kambi platform to SBTech’s sportsbook. That SPAC deal saw DraftKings ($DKNG) list on the New York Stock Exchange, providing the company with a great deal of capital.

In September 2020, DraftKings announced a partnership with ESPN, making them the exclusive daily fantasy sports provider and a co-exclusive partner for gambling link-outs from the network. DraftKings powers sports and gaming entertainment for operators in 17 countries. It also offers retail sports betting in partnership with casinos throughout the country.

In 2021, DraftKings agreed to a $1.56 billion deal to purchase Golden Nugget Online Gaming Inc, and it then lodged a $22 billion bid for Entain, the London-listed company that owns online betting sites like BetMGM and Sports Interaction. 

In November 2021, the NBA announced multi-year expanded partnerships making DraftKings and FanDuel Group co-official sports betting partners of the NBA. DraftKings, whose business relationship with the NBA dates back to 2019, will become the exclusive presenting partner of NBABet Stream, the NBA’s betting-focused telecast on NBA League Pass and the NBA TV App. In addition, DraftKings will activate on-site at tentpole NBA events, including the NBA All-Star Game, Rising Stars, NBA All-Star Saturday Night, and NBA Draft.

DraftKings inked a partnership with iHeartMedia (Nasdaq: IHRT) in November 2021 as the duo agreed to terms on a “strategic relationship” that makes DraftKings “the official odds supplier for iHeartMedia’s broadcast, digital, podcast and social platforms.”

Customer Ratings & Reputation

DraftKings has a decent reputation among the sports betting community, especially for beginner bettors. It already had a loyal base of DFS customers, so the shift to legal sports betting was natural. 

However, you will not be very welcome if you’re a sharp bettor, high-limits bettor, or even lucky enough to go on a tear. Like most major U.S. sportsbooks, DraftKings will be swift to limit you if you’re consistently beating them. 

Co-Founder and CEO Jason Robins has been one of the most brutally honest and outspoken on multiple occasions regarding how much the company despises winning bettors to the point of making the company look dishonest. His antics have caused an uproar on social media channels like Twitter and have had a hand in the company’s stock price plummeting.

Customer Service

Customer service is a weak point for DraftKings. It does not offer a phone line, so you must fill in a web form and wait for someone in the customer service team to email you. You can chat to a bot, but it can only search the online sports betting site’s FAQ section, which does not provide nuanced responses. Rival online sports betting sites offer excellent 24/7 customer support through live chat, phone, and email, so DraftKings is behind the curve in this regard.

DraftKings Contact

  • 24/7 Live Chat
  • Email: Sportsbook@DraftKings.com
  • Callback support for complex issues for Sportsbook and Casino only.
  • Customer Support Twitter: @DK_Assist

DraftKings Legal Betting

Individual state gaming regulators monitor DraftKings in regions where it is legal to operate.

Responsible Gambling

The legal age for sports betting in most states is 21+. This is subject to regional regulation. Please play responsibly. DraftKings complies with the rules laid down by the regulating bodies in the states in which it operates.

Here are a few resources to help ensure you are gambling responsibly.

  • National Council on Problem Gambling (NCPG): The NCPG has over 50 years of experience assisting people and families affected by problem gambling. You can call or text them (1-800-522-4700) or join their 24/7 Live Chat.
  • Center for Problem Gambling: The Center has been funded by the New York State Office of Alcoholism and Substance Abuse Services (OASAS) since 1996. They are committed to serving anyone affected by a gambling addiction. Treatment is confidential and provided regardless of a person’s ability to pay. Their gambling counselors have significant experience working with problem gambling and include therapists who are Nationally Certified Gambling Counselors.
  • BeGambleAware.org: Offers free, confidential help and support to anyone worried about gambling for themselves or others.
  • Gambling Therapy: A global service provided by Gordon Moody offering free emotional support and advice to anyone affected by gambling.

DraftKings Review Conclusion

DraftKings Sportsbook is determined to become the most popular online sportsbook in the United States. It is currently vying with and trailing behind FanDuel Sportsbook for market leadership in most states.

You get a mixed bag with DraftKings depending on your skill and intent. If you’re a casual fan who likes betting on your favorite team or just getting in on some action for marquee events, DraftKings is one of the best sportsbooks in the industry for you. The engaging promos and free-to-play games they offer are some of the best in the industry.

This is an easy choice if you already have a DFS account with DraftKings. You can link your DFS account with DraftKings Sportsbook to give yourself a seamless one-stop shop.

The downside with DraftKings is that if you are a regular bettor or even semi-profitable, you will not be playing here long. DraftKings has one of the most aggressive anti-winning player philosophies in all sports betting and will render your account useless if you go on a tear. So, be ready to have multiple accounts if you plan on gambling regularly.

Visit DraftKings

Banking

Accepted Currencies

  • USD

Methods of Deposit

visa logo
Min: $10 Max: N/A Fee: Free
mastercard logo
Min: $10 Max: N/A Fee: Free
paypal logo
Min: N/A Max: N/A Fee: Free
playplus logo
Min: N/A Max: N/A Fee: Free
discover logo
Min: $10 Max: N/A Fee: Free
americanexpress logo
Min: $10 Max: N/A Fee: Free
banktransfer logo
Min: N/A Max: N/A Fee: Free
echeck logo
Min: N/A Max: N/A Fee: Free
cash logo
Min: N/A Max: N/A Fee: Free

Methods of Withdrawal

paypal logo
Fee: Free
cash logo
Fee: Free
banktransfer logo
Fee: Free
echeck logo
Fee: Free
playplus logo
Fee: Free
check logo
Fee: Free

DraftKings processes withdrawals Monday-Friday between 9 AM to 5 PM ET. Unfortunately, there is no weekend processing. You can get paid out up to $100,000 within one hour if you head to the casino cage, so that is the quickest method. If you do not want to head to a partner casino, you can be paid out within 3-5 days via PayPal, with limits of $1 to $60,000. Online banking transfers and e-checks also take 3-5 days, with no lower limit and an upper limit of $100,000. Play+ withdrawals take 2-4 days and go up to $25,000, while a check will take 5-7 days, with a maximum payout of $50,000. High rollers can opt for a wire withdrawal, which takes 24-48 hours. The minimum is $10,000 and there is no maximum. DraftKings Sportsbook does not charge withdrawal fees.

DraftKings Review

DraftKings
Icon rating b+
Last Updated
8/12/2022