Sports Betting » DraftKings Sportsbook Review

DraftKings was a popular brand for daily fantasy sports (DFS) in the US, before it entered the betting market. It is the most well-known sportsbook in all regulated states. It offers a wide range of betting options for both popular and less-popular sports. DraftKings offers a secure platform and a mobile betting app that allows bettors to remain connected no matter where they may be.

Pros
  • Good Bonus Offers Available
  • Sleek, Simple and Stylish Layout
  • Betting Competitions
  • Instant Withdrawal Methods
Cons
  • Lack of Deposit Methods
  • Lack of Traditional eSports Wagering
  • Cleaner Format Needed

The DraftKings Sportsbook was founded in New Jersey and quickly expanded to other states. Although it is currently available in many locations, the competition with other sportsbooks — such as BetMGM and FanDuel — for customers is fierce.

DraftKings is a well-known brand thanks to its DFS operations and roots. It has also shown the willingness to invest in promotional credits to draw new customers. This makes it one of the most popular brands for sports betting in the US. DraftKings is expanding and finding new states to serve while innovating gaming products to make the company a unique gaming platform.

DraftKings Pros & Cons

DraftKings has a lot of things going for it. Its experience has allowed it to develop a platform that is user-friendly and competitive. There are several areas where it stands out from other sportsbooks.

Pros

Fantasy Betting Platform

DraftKings has one of the largest fantasy betting platforms in the industry. It has a sizable audience, as well as a good reputation among bettors. It’s what gave the sportsbook its start and what allowed it to become a leader in the industry.

Good Bonus Offers Available

Bonus offers are always an enticing way for betting companies to attract an audience. DraftKings has a fair amount of good bonus offers available. These are for both existing and new bettors that are utilized by them to make their betting experience better.

Sleek, Simple and Stylish Layout

It is necessary for a reputed betting company to have a good, sleek and modern website layout and interface. This makes sure that the bettors enjoy the time they spend on the website while betting online and makes it easy for them to stay on for longer. The simplicity and minimalism of the interface are necessary if the bettors are to have an easy time betting around. DraftKings has a very sleek, modern and interactive interface that is both fun to use and efficient.

Betting Competitions

Having daily activities and contests on a betting platform is of utmost importance when it comes to having an active and engaging audience on a betting site. This makes sure that the bettors log in and check the betting site regularly. Additionally, for bettors, this is a great chance to win bonus money and make up extra winnings. DraftKings always has hundreds of ongoing fantasy betting contests that take place daily, making sure that everyone can take full advantage and enjoy.

Instant Withdrawal Methods

DraftKings has efficient withdrawal methods in place for bettors to use. This ensures that bettors can make withdrawals and enjoy their winnings in as little time as possible, with the least issues and problems. Today’s bettors are always looking for betting sites that provide efficient and swift takeout methods, and DraftKings have them integrated for their customers’ convenience.

Cons

As impressive as the platform is, there are some limitations. These are likely to be improved, but could be frustrating for some bettors.

Lack of Deposit Methods

DraftKings has efficient and fast withdrawal methods. However, the deposit methods that are available for bettors to fund their accounts leave something to be desired. In today’s betting market, having good quality deposit methods is very important because bettors want to fund their accounts efficiently and quickly. This allows them to wager their money whenever they want.

Lack of Traditional eSports Wagering

While DraftKings has several types of wagers and activities available, the lack of classical old-fashioned eSports bets is a bummer for many bettors looking to use the platform.

Cleaner Format Needed

Another thing the DraftKings Sportsbook can improve upon is the distribution of information. It often displays too much information in too little space, resulting in a crowded atmosphere.

DraftKings Review Summary

The DraftKings Sportsbook was developed by an in-house team, which reportedly worked on the sportsbook for years before it was released. The DraftKings Sportsbook is a feature-packed sportsbook that provides fierce competition to the more established names in the industry with both its innovation and enticing features.

DraftKings was established in 2012 by Jason Robins and Matthew Kalish as a DFS operator. The company’s first product was a one on one baseball competition that was launched in time for MLB’s Opening Day. DraftKings was awarded its first outside funding in July 2005. It received $1.4 million from Accomplice Venture Partners, Ryan Moore, and other investors.

The sportsbook offers a staggering and wide array of sports and related events to wager on. It houses a sleek, clean and super easy-to-use interface that pleases customers. This is coupled with the live-ticket option on every bet available to bettors that adds another dimension in terms of fun and complexity to every classic wager placed. DraftKings offers live betting options, as well as a significant number of lines and props.

Although DraftKings is a US-based sports gambling company, it has ambitions beyond the country. It was granted a license by the UK Gambling Commission in 2015 to offer pool betting services in the UK. DraftKings was then able to launch a new market that offered daily soccer matchups. This also allowed DraftKings to expand its reach to other markets and players across Europe. It is reported that it has been in talks to buy Entain, a major US sports betting company. However, this acquisition is complicated by Entain’s relationship with BetMGM.

Website & APP Review

Website/APP Experience

The DraftKings Sportsbook website and application are very well-rounded and decent. The mobile application is sleek and modern, and is also easy to navigate and use.

Additionally, the sheer range of action available on DraftKings is impressive. It, perhaps unsurprisingly, has a wide range of betting action available in terms of both depth and breadth. It is possible to wager on literally any sport and event.

DraftKings presents pleasant and unique playing styles in betting, such as Super Contest games and Sportsbook pools. Also, you can also enjoy an online casino as well as live cash-out options. All of these features, as well as several more, make the DraftKings application and website very decent in the highly competitive market.

The DraftKings application is also available on both iOS and Android platforms, allowing everyone the opportunity to avail the convenience offered by their application. While some applications do specific things better than DraftKings, it is a truly well-rounded package that offers the best balance of everything in one single package.

The DraftKings website is very sleek, easy to navigate and minimal. It also has an intuition to it that most other sportsbook websites lack. It also has a similar design and layout to DraftKings’ fantasy site, however, with its own unique theme.

Payments

Adding payments to your account on the DraftKings Sportsbook is as simple as it is on their fantasy website. The process is minimal and swift. You click on the + button. Then, choose your desired payment method. From there, complete the transaction and, ideally, you should have the funds in your DraftKings Sportsbook account in pretty much no time.

As far as the limits and minimums go on the DraftKings Sportsbook, the sportsbook only requires a small initial deposit of $5, which is decent compared to its competitors. The wagering minimums are less than $1, so a bettor can easily wager on the sportsbook despite whatever budget they may have.

The advantage of using both the daily fantasy platform and sportsbook is that you can easily use the funds in your accounts cross-platform. This means that you can use the funds on your daily fantasy site to wager bets at the DraftKings Sportsbook, as well as using the sportsbook account balance to play games on the fantasy site.

This is a nice feature for those who want all their gambling and betting needs to be fulfilled by one company cross-platform, with a nice touch of an interactive ecosystem. The amounts available in either of these platforms can be used as an initial deposit as well.

As soon as your account is funded, you are all ready and set for betting on your desired sports. Whatever winnings you earn will be deposited into your sportsbook account quickly. While users have to worry about getting their winnings out when betting on offshore companies’ sportsbooks, no such worries arise when betting on the DraftKings Sportsbook.

Deposit & Withdrawal Methods at DraftKings

DraftKings has a number of payment methods available when a bettor needs to deposit funds in their accounts. Depositing funds in your sportsbook account is still a smooth and efficient process with no hassle, however not as good as with some other reputed sportsbooks.

The DraftKings Sportsbook offers the following payment methods to customers making deposits in their sportsbook accounts:

  • Online Banking
  • Credit and debit cards
  • Gift Cards (Visa, MasterCard and Discover)
  • DraftKings Gift Cards
  • PayPal
  • Play+
  • Cash
  • VIP e-Check
  • Wire Transfer

Withdrawal Methods on the DraftKings Sportsbook

When it comes to withdrawal methods available on the DraftKings Sportsbook, it’s pretty much the same as deposit methods. Withdrawals are sent to the account almost instantly as soon as they are registered on the sportsbook.

Requesting a cash payout at participating casinos is the fastest way to withdraw funds. However, this is only possible in certain states. If you have a Play+ account, Play+ payments can be made quickly. ACH withdrawals can take up to five days.

Payouts by check or ACH can also be made. These can take up to a few weeks. You can also withdraw funds through PayPal. However, this is only possible if PayPal was used to deposit the funds. DraftKings does not charge withdrawal fees, but the payment provider might.

DraftKings handles all requested payouts in a specified time, between 9 AM and 5 PM EST, Monday through Friday.

Customer Service

Customer support is one of the best ways for a sportsbook to be evaluated. DraftKings makes it easy for customers to seek help with most issues. DraftKings has an extensive FAQ section. It categorizes questions by topic for quick research. Another FAQ section provides detailed information about topics such as betting multiples, and other important topics.

DraftKings Sportsbook provides dedicated email addresses for each state to provide customer support. There is also a live chat option for instant assistance. The customer support representatives are knowledgeable and friendly, and can answer any questions promptly and correctly.

License, Safety and Security

DraftKings is a fully legal sportsbook officially licensed by regulators. DraftKings is licensed in every state in which it operates – a total of 14 as of January 1, 2022. This number is continually growing with approvals in new states.

DraftKings, a regulated and publicly traded company, has too much at stake not to be a legitimate operation. It has a wealth of industry experience behind it, and continues to grow as one of the most respected sportsbooks in the market.

Rewards & Loyalty Program

The VIP program over at DraftKings is invite-only. This means that only DraftKings monitors the bettors and sends out invites for the VIP program to the most senior and frequent players. Getting into the VIP program at DraftKings Sportsbook is a tough task. Still, it can be done by playing regularly and participating in activities, such as contests and tournaments, on the platform.

There’s a separate loyalty program, as well. When users register for an account, they automatically become members of the DraftKings loyalty program. As they accumulate loyalty points, or “crowns,” they move up the ranks.

The lowest level is bronze, while the highest is black. Black tier is an exclusive VIP program offering special benefits, enhanced promotions and priority customer support. It also gives access to customized contests and other incentives.

Live Betting & Streaming

The growth of mobile sports betting can truly be seen in the live betting section. While DraftKings does offer bettors the classic props, they also offer wagers for daily fantasy totals. This is an intuitive hybrid approach to combine the best of both worlds for an enhanced and more immersive betting experience for bettors.

However, live betting is where the DraftKings Sportsbook genuinely excels. The odds are updated in the blink of an eye; the live score section is sleek and immersive, and the data available is concise, effective and accurate.

DraftKings provides live streaming of sports games through its award-winning mobile application. DraftKings Sportsbook, in collaboration with Sportradar, offers customers seamless entertainment in one location.

DraftKings Sportsbook customers with a wallet balance of more than $0.00 and logged into their active accounts are able to stream live games from the app (in most jurisdictions). DraftKings Sportsbook customers who are geolocated will be able to live stream a variety of sports at launch.

Betting Options

The sportsbook homepage is a greeting from a sleek array of promotional banners, traditional bets and quick links display. The focus of the sportsbook seems to be on the recreational customer who is here to bet for fun and relaxation. The DraftKings Sportsbook also makes work easier for customers by handing out a very useful quick-start guide.

Although seeing how simple, sleek and easy to use the website and application are, the guide is not really needed. The bets on initial display, for a customized touch, are tailored to your interests. DraftKings makes use of your data available to them on other platforms, such as the daily fantasy section, to customize your experience on all other platforms.

The following types of bets are available:

  • Moneyline
  • Alternate Lines
  • Futures
  • Totals
  • Spreads
  • Props

Limits, Odds, Games & Tournaments

DraftKings offers very competitive odds with its lines. As competition continues to grow in the US sports betting market, operators have to continuously find ways to attract and keep users. By offering odds that favor the bettor, DraftKings is able to maintain an edge.

Another way to attract interest is through games and tournaments. DraftKings regularly offers both as incentives to keep coming back to the platform. One of the most popular tournaments is the Championship Series, which runs across all three of DraftKings’ services – fantasy, sports betting and iGaming.

Notable Features

DraftKings Sportsbook offers its own Stats Hub. This platform offers all types of stats that will help sports bettors make their calls. It is powered and operated by iSportsGenius. This is a great tool to quickly research. It’s integrated directly into the app so it is right there where bettors want it. DraftKings’ Stats hub provides basic stats such as standings, point differential and points per game, but also offers more detailed options and specific stats. You can also see graphs of moneyline and over/under line movement to see how odds have changed.

The live play cash out is a newer feature available at almost all online sportsbooks. However, DraftKings was the first to offer it. This feature allows customers to cash out a bet even if the game is still being played. This option allows a bettor, in certain circumstances, to withdraw from a wager if they feel the odds are better.

DraftKings, however expanding, is not available everywhere in the US. The following states and their respective gaming regulators have approved DraftKings.

StateColorado Gaming Control Commission
Arizona Arizona Department of Gaming
ColoradoColorado Gaming Control Commission
llinois Illinois Gaming Board
IndianaIndiana Gaming Commission
IowaIowa Racing and Gaming Commission
MichiganMichigan Gaming Control Board
New HampshireNew Hampshire Lottery Commission
New JerseyDivision of Gaming Enforcement (DGE)
OregonOregon Lottery
PennsylvaniaPennsylvania Gaming Control Board
TennesseeTennessee Education Lottery Corporation
VirginiaVirginia Lottery
West VirginiaWest Virginia Lottery Commission
WyomingWyoming Gaming Commission

As a note, DraftKings is also eligible to operate in Canada. However, launching in the country is contingent upon approval in each province.

DraftKings Sportsbook Bonuses and Promotions

Bonus Offer: Deposit Bonus of Up to $1,050

While there are a handful of decent promotions available at the DraftKings Sportsbook, this deposit bonus, aimed at new customers, is the best of the bunch. New users can claim a $1,000 Deposit Bonus and get a $50 exclusive Free Bet.

There are some restrictions tied to the bonus. The free money must be used within six months and cannot be withdrawn as winnings.

DraftKings Partners

DraftKings has many notable partners in the business, such as ESPN and more. The partnership with the most acclaim is their partnership with NBA legend Michael Jordan. DraftKings teamed up with the all-time great, who joined the DraftKings’ board as a special advisor to give his input on various matters.

DraftKings is also supported by MLB. The league invested in DraftKings while it was still operating as DFS operators only. This is the first time MLB has invested in any company that is related to sports betting. MLB had campaigned for PASPA (the Professional and Amateur Sports Protection Act of 2012), which was somewhat surprising given its investment in DraftKings.

DraftKings Betting Markets

DraftKings operates in the US and runs a casino as well as a daily fantasy platform.

  • Football (NFL, college)
  • Baseball (MLB and international leagues)
  • Basketball (NBA, CBA and other international leagues)
  • Soccer
  • Boxing
  • Hockey (NHL and others)
  • Golf
  • Darts
  • MMA
  • Motorsports
  • Cricket

While DraftKings currently lacks an eSports section, they are committed to entering this industry, as well.

It’s important to note that not all betting options are available in all jurisdictions. For example, despite multiple attempts at changing the laws, New Jersey has strict regulations on college sports wagers. No betting is allowed on any New Jersey-based team, regardless of where the game is played. In addition, no college game played in the state, even if the two teams are not based in New Jersey, can be open to sports betting.

DraftKings FAQ

What States does DraftKings Operate in?

DraftKings is licensed in the following states:

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

Does DraftKings have casino games?

Yes. DraftKings has various casino games available in a designated section. They also develop some of their own software, exclusive to the DraftKings casino.

What is the biggest DraftKings Bonus?

The biggest bonus available on DraftKings is the $1000 deposit bonus, mentioned above in the section “current promotions.”

Is it Easy to Withdraw Funds from DraftKings?

Yes. DraftKings has a number of accessible and fast withdrawal methods available for you to cash out winnings, such as PayPal, Visa, MasterCard and more.

Who can place bets on DraftKings?

Any US or Canadian citizen or resident (where the sportsbook is licensed), provided the bettor is of legal age according to their state’s laws.

Do you actually win money on DraftKings?

Yes. DraftKings is a legal and licensed site, setting odds and markets as a traditional sportsbook would. Much like making a winning wager that leads to winning money at a sportsbook, it is entirely possible to win money on the DraftKings Sportsbook.

How can I withdraw funds from DraftKings?

There are a number of prompt withdrawal methods available on the sportsbook, including PayPal, Visa, Discover and more.
How does DraftKings pay out?

All payouts at DraftKings are processed from 9 AM to 5 PM EST, from Monday to Friday. Bettors can use any applicable and widely accepted payout methods listed on the operator’s website.

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