DraftKings Sportsbook

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Highlights
  • Deposit bonus up to $500
  • Risk-free bet for new players up to $500
  • All major North American sports (NFL, NBA, MLB, NFL, MLS) covered, plus CFL, EPL, and many others
21+, new US players only
Review summary
After popularizing Daily Fantasy Sports as a form of gaming, DraftKings launched its own sportsbook in 2018. Since then, they've expanded to seven: NJ, WV, IN, IA, PA, CO, and NH. You can also play online casino games in New Jersey and Pennsylvania. With a generous deposit bonus and risk-free bet, they are making an aggressive play at a saturated market. With its easy-to-use interface and numerous betting options, we're wagering they'll do well in the coming years.
bonus codes
none needed
deposit USD
YES
established
2018
owned by
DraftKings

DraftKings Sportsbook US

It’s been a whirlwind half-decade for DraftKings. After contributing to the daily fantasy sports (DFS) boom, they’ve decided to try their hand at running an online sportsbook. In business since August 2018, they first gave their customers in New Jersey the opportunity to bet on the outcome of games. Now, theye’re already available in Illinois, Indiana, Iowa, Pennsylvania, Colorado, and New Hampshire as well.

draftkings sportsbook

DraftKings also offers a fully-operational sportsbook. With an attractive welcome bonus and an easy-to-understand platform, it’s a joy to use.

DraftKings Sportsbook Welcome Bonus 2020

There’s no denying it: DraftKings’ new player bonus for DFS is the dictionary definition of lackluster. However, their sportsbook welcome bonus is the exact opposite and has BonusFinder experts excited.

DraftKings Sportsbook DraftKings Sportsbook Bonus
Welcome Bonus $500 Deposit Bonus + $500 Risk-Free Bet
Deposit Bonus Wagering Requirements 25x
Bonus Code None Needed
Minimum Deposit $5

DraftKings Sportsbook offers all new players a 20% deposit match up to $500. When you sign up and deposit at least $5, DraftKings will match it 20% up to $500 extra. This means a $100 deposit will get you $20 extra, a $500 deposit will get you $100 extra and so on. To claim the maximum bonus you’ll need to deposit $2,500 or more, and you’ll get $500 extra.

DraftKings Sportsbook’s deposit bonus comes with 25x play-through requirement. For every $25 played on DraftKings in DFS/Sportsbook/Casino, the players will receive $1 in bonus funds. It means you’ll need to wager a total of $12,500 to clear the full deposit bonus.

In recent months, they’ve sweetened the pot further. Now, first-time depositors will also get a $500 risk-free bet. If you win, great! But, if you lose, DraftKings Sportsbook will refund your money. Deposit at least $5 into your account, place your first bet and DraftKings Online Sportsbook will give you a free bet equal to the amount of your first bet, up to $500.

Free bet must be used within 30 days of the first bet. As is always the case, free bet amount is not included in any returns or winnings.

Banking

Like their daily fantasy sports unit, DraftKings Sportsbook only offers multiple ways to deposit and withdraw money. Below, we’ll review them all in detail.

Depositing

  • Credit cards
  • Debit cards
  • Bank transfer
  • Transfer from DraftKings DFS / DraftKings Casino
  • PayPal

Of all the options available, transferring funds from your DraftKings DFS account is by far the easiest. To transfer your funds, you must play through your deposit. For example, to transfer $20 to the Sportsbook, you must spend at least $20 on DFS contests.

Credit cards/debit cards and bank transfers are next on the scale of convenience. However, an annoying issue has made this deposit method unusable for some customers. While the 2018 court decision to repeal PASPA (Professional and Amateur Sports Protection Act) allowed online sports betting in New Jersey, some banks haven’t updated their policies on this matter. As a result, your bank may not let a transaction to go through to DraftKings Online Sportsbook.

If this happens to you, contact DraftKings live chat support. They will work with you to get your money online.

Withdrawing

  • Bank transfer
  • Paper check
  • Cash at the cage (Resorts Atlantic City)
  • PayPal

DraftKings Sportsbook offers more withdrawal options than deposit options. If your bank allows transactions to/from online sports betting sites, you can set up a bank transfer. Is this method isn’t available to you? Then, you have three other options – PayPal, receiving cash-in-hand from the cage at Resorts Atlantic City, or receiving a paper check.

If you are in the Atlantic City area, getting cash from the cage is fastest. Next in line is PayPal – you should have your money in two days via this method. Paper check via snail mail is the slowest – allow two weeks for delivery.

DraftKings Sportsbook on Mobile

draftkings sportsbook app

DraftKings offers a mobile sportsbook for iOS and Android.

Want to bet on sports while on the go? Whether you’re on your afternoon commute or hanging out with friends, DraftKings Sportsbook App allows you to wager wherever you are, and with the best betting odds.

To do this, download the DraftKings Sportsbook mobile app. It functions on iOS and Android phones and is available from the App Store, or DraftKings Sportsbook website. Android users must download from the DraftKings website, as the Google Play Store does not permit real-money gaming and sportsbooks apps.

Once the installation is complete, scroll through the available games, make your selections, and place your bets.

Bets offered on DraftKings Sportsbook

Several types of wagers are accepted on DraftKings Sportsbook. These include:

  • Moneyline bets
  • Parlay bets
  • In-game bets
  • Spread bets
  • Over/Under bets

Moneyline

Of all the wagers available on DraftKings, moneyline bets are the most straightforward. When you make a money line bet, you are wagering on who you think will win the game – period. Payouts vary on whether your selection is a favorite or an underdog. As you might expect, favorites are more likely to win but pay out less than underdogs.

Parlay

Want to multiply the winnings on your bet slip? Put together a parlay bet. Consisting of two or more separate wagers, the odds of each outcome are combined. To collect, you must win all the bets made in a parlay. Of course, you’re less likely to do so with each contest added, but if you convert, you’ll make a ton of cash.

In-game bets

Missed betting on a team before the game, but want to wager? With in-game betting, you can! From betting on which side will win the 3rd quarter to the total number of runs scored, the live betting possibilities are endless.

Spread Bets

Want to add a touch of complexity to typical money line bets? Opt to bet the spread. In this form of wagering, the favored team has a handicap placed on it. For example, if the New England Patriots are favored to win by a touchdown (+7), they must win by more than seven points to ‘cover the spread.’

If you bet on the Patriots +7 and they win by three, you lose. Did they win by a touchdown? DraftKings will deem the bet a ‘push,’ which refunds your stake. If they complete last-minute two-point conversion to win by 8, though, that counts as a win for you.

Over/Under

Finally, over/under bets are a fun way to wager on a game. For example, let’s say you’re watching MLB – let’s say the Dodgers and the Giants. If the over/under on total runs scored is ten, betting the under is wise if you think it’ll be a tight game. If the final score is 5-4, 3-1, or 2-0, you win all those outcomes.

Betting on DraftKings Sportsbook in the USA

Now that you know all about the different kinds of bets, it’s time to place your first wager. After logging in, your home screen will contain the day’s featured games. If you’d like to bet on something else, click on your favored sport in the menu bar.

Next, you’ll find a list of the day’s games in your sport of choice. The client will typically show two options – the spread and money line bets. If a match is in progress, you’ll also have several live betting options. Click on your preferred option, and the client will add it to your slip. Want to bet a parlay? Click on the ‘Parlay’ tab above the betting slip to wager on multiple contests.

Take a second to review your selections. If everything looks good, enter the amount you wish to bet, then click the ‘Place Bet’ button. WARNING: Once you click the ‘Place Bet’ button, you cannot cancel your selection. On the daily fantasy sports side of DraftKings, you can edit or cancel selections up to 15 minutes before game time. On the sportsbook side, you do NOT have this option, so beware!

DraftKings Casino Bonus

DraftKings Casino DraftKings Casino Bonus
Welcome Bonus Play up to $200 Risk Free + $500 Deposit Bonus
Deposit Bonus Wagering Requirements 25x
Bonus Code None Needed
Minimum Deposit $5

Also, the casino welcome package at DraftKings is a two-part offer. First, new players at DraftKings NJ and PA casino can play casino games the first 24 hours risk-free for up to $200. Secondly, they’ll get a 20% deposit match bonus up to $500 on their first deposit.

The 24 hours risk-free period starts when you make the first casino wager. If you a have net loss during the 24-hour timeframe, DraftKings will credit your account DK dollars of the amount of those losses up to $200. These DK dollars have a 1x play-through requirement, meaning you have wager to them once to convert them into cash.

Wagering requirements for the casino bonus are the same as at sportsbook. For every $25 wagered, $1 will be transferred from bonus balance to cash balance. Again, clearing the full $500 bonus requires $12,500 wagering.

DraftKings Casino Games

As exciting as sports are, there’s nothing to fill the gap during pauses in play. If you want to liven things during the intermissions, fire up the DraftKings casino.

We’ll be honest here: When DraftKings Casino started, it posed no threat to online casinos like PartyCasino and 888. However, nowadays things are a lot different with DK upping their game also in the online casino side of things.

They’ve got live dealer casino games, lots of online slot machines and table games available for you 24/7. These days, it’s a quality casino.

Conclusion

While it currently doesn’t have the reach its daily fantasy product has, DK Sportsbook has gotten off to a great start. With an easy-to-use interface, plentiful betting options, and a decent welcome bonus, sports bettors will surely enjoy DraftKings Sportsbook.

Gambling problem? Call 1-800-GAMBLER (NJ and WV) or 1-800-9-WITH-IT (IN only).
21+. NJ/IN/WV only. Screen images simulated. Eligibility restrictions apply. See website for details.

DraftKings Sportsbook Q&A

Is DraftKings Sportsbook legal and legit?

Yes, in the states of New Jersey, West Virginia, Indiana, Iowa, New Hampshire, Illinois, and Pennsylvania. Unlike daily fantasy sports, sports betting is still considered to be an illegal act in most states.

Where is DraftKings Sportsbook legal?

New Jersey, West Virginia, Indiana, Iowa, New Hampshire, Illinois, and Pennsylvania.

Early on in gambling legislation, DraftKings is the most aggressive mover throughout the country right along with their DFS nemesis FanDuel Sportsbook.

Can I play daily fantasy sports on DraftKings Sportsbook?

No. While DraftKings is best known for offering daily fantasy sports, you won't find it on their sportsbook. If you want to play DFS, head over to their main site at DraftKings.com.

I'm in New Jersey and have played DFS on DraftKings. Do I have to make a new account on their sportsbook?

No, you don't. If you want, instead of registering a brand new Sportsbook account, you can transfer over any DFS winnings to Sportsbook under the same username. If you live outside New Jersey, the rules may differ when your state legalizes sports gambling, so stay tuned.

Does the DraftKings sportsbook have a mobile app?

Yes. DraftKings offers a separate mobile app for its sportsbook. It can be downloaded via the App Store (iOS), or from the DraftKings site (Android).