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DraftKings Sportsbook Review

5 User Rating
  • Payout:
  • Payout Speed: It depends on the chosen method (2–4 days on average)
  • Min. Deposits: $5
  • Licenced By: Various licensing jurisdictions
  • Fantastic odds boosts
  • Deep market coverage
  • Top-tier mobile apps
  • Generous welcome bonus
$1,000 Welcome Bonus (T&C apply. 18+)
Players from USA Accepted

Unless you’ve been living under a rock for the past decade, you’ve undoubtedly heard of DraftKings. And how could you not, considering the brand pops up everywhere — in-game commercials, billboards, mobile ads, podcasts, you name it. The company ramped up its marketing significantly over the last few years and has invested billions in attracting avid sports bettors.

Does it live up to all the hype? Absolutely. I know from experience. I’ve spent a great deal of time on DraftKings and can confidently say that this is one of, if not the best online sportsbooks in the U.S. Bold statement, I know. But you’ll see what I’m talking about when you read my full DraftKings sportsbook review below.

Details

  • Acceptable Accepts US players
  • Bonus Code
  • VPN Usage Allowed
  • Language English
  • Deposit Bonus 20% match up to $1,000 + $50 free bet
  • No Deposit Bonus -
  • Max Jackpot -
  • Available Devices Android Blackberry Mac iOS Windows
  • Minimum Deposit $5
  • Currencies USD

Payment Methods

Game Types

  • Slots
  • Blackjack
  • Roulette
  • Craps
  • Baccarat
  • Pai Gow Poker
  • Video Poker
  • Live Dealer
  • Bingo
  • Keno
  • Andar Bahar
  • Sports Betting
  • Fishing Games

Hits

    • Generous welcome bonus
    • Fantastic odds boosts
    • Diverse range of sports
    • Deep market coverage
    • Top-tier mobile apps
    • Great UX
    • Excellent banking lineup

Misses

    • No phone support

DraftKings Sportsbook Summary 

DraftKings Sportsbook has come a long way from its early days as a garage-based startup. The company was created in 2012 by three like-minded sports-fan colleagues at Vistaprint. Initially, it was run from one of the co-founders’ houses in Boston. 

The team launched its first product on the season opener of the MLB. Shortly after the kickoff, the platform got investors’ attention and raised $1.4 million from Atlas Ventures, a Cambridge-based venture capital firm. 

Within a year of running, DraftKings boasted over 100,000 users. In 2014, the company scooped up StarStreet and DraftStreet, two of its biggest competitors. The acquisitions saw DraftKings become the largest brand in the DFS industry, rivaled only by FanDuel

Fast forward to May 2018, when the Supreme Court struck down PASPA. DraftKings immediately seized the opportunity, entered into the sports betting business, and later opened an online casino. It first went live in New Jersey and subsequently spread to more than a dozen other states. In the meantime, DraftKings partnered up with numerous professional teams and sports organizations, all of which have boosted their brand recognition. It’s currently one of the nation’s top sportsbooks. 

Image of Draft Kings Sportsbook's Homepage and Featured Odds
Image of Draft Kings Sportsbook’s Homepage and Featured Odds

It’s hard to single out one thing that DraftKings does better than other online sportsbooks in the U.S. It delivers excellence across the board and doesn’t drop the ball in any area. I’d say its aggressive promotional campaign is what sets it apart from the pack. The site offers what I believe to be the best sportsbook welcome bonus in the country — a 20% match up to $1,000. In addition, it features an impressive lineup of running promos and is among the few sports betting operators with a loyalty program. 

In terms of market variety, DraftKings is second-to-none. Its biggest focus is on major sports, but the sportsbook also has odds on a slew of niche markets like volleyball, cycling, and snooker. The operator is getting more creative every year with its prop betting options and offers some unique wagers that aren’t available elsewhere. 

Both the desktop website and the mobile apps are well streamlined and optimized. The interface is easy to use and looks great. The content is laid out intuitively, so beginners should get the hang of it quickly. 

DraftKings’ banking section is up to the mark. I was particularly fascinated by the number of withdrawal methods on offer as I’ve never seen a US online book have so many cashout options available. 

Is DraftKings Sportsbook Legit? 

DraftKings is about as legit an online sportsbook as they come. It operates in nearly every state that legalized sports betting and is approved by regulatory agencies in those jurisdictions. The sportsbook is currently live in: 

The site is protected by the most advanced safety measures in iGaming, namely SSL/TLS encryption and a cutting-edge firewall. It has never experienced security breaches of any kind, which is not surprising given the security mechanisms installed. 

DraftKings Sportsbook Deposit Bonuses and Promotions 

DraftKings is highly competitive with its bonuses. In addition to a fantastic intro promo, the sportsbook provides various incentives for existing users. And to cap it off, it also runs a loyalty rewards program. 

Welcome Bonus 

DraftKings gives out the best sign-up offer of all online sportsbooks in the country, hands down. First up, new users can get a $50 free bet merely for depositing $5+. It comes with a 30-day expiration date from the moment of being credited to your account. 

What’s more, you’ll be eligible for a 20% match deposit bonus of up to $1,000. In other words, if you deposit $5,000, you’ll receive an additional $1,000 of bonus bucks to bet with. 

The bonus comes with a 25x rollover that must be met within 90 days of making the deposit. The odds restriction of -300 (or longer) applies. This means that you must place wagers at odds of -290, -250, -150, +150, etc., for them to count toward the completion of playthrough requirements.

What’s great is that you can use promo cash on casino games and DFS contests to clear the wagering requirements. 

How to Register and Claim Your Bonus With DraftKings Sportsbook? 

Claiming DraftKings’ welcome bonus is child’s play, and the same is true for the registration process. On the whole, it will take only a few minutes to set everything up and snatch the promo cash. Here’s the procedure, in a nutshell: 

  1. Visit the sportsbook

  2. Find the Login button

  3. Fill out the application form. 

  4. Go to the cashier and make a $5+ deposit 

  5. That’s it. The bonus will be automatically added to your account. 

  6. Good luck!

No Deposit Bonus 

DraftKings doesn’t offer a no deposit bonus, but I don’t hold this against it. These types of bonuses are not a common sight among U.S sportsbooks. It’s fair to say that DraftKings more than makes up for it with other treats. 

Other Promotions 

In addition to the perks mentioned above, DraftKings customers can take advantage of various rotating promos. These are mainly geared at major sports and fall into the odds boost category of incentives. You may get an odds boost for a specific bet or a 3+ leg parlay.

The sportsbook also heavily advertises same-game parlays and often provides exclusive promos tailored around this innovative feature. 

DraftKings also runs weekly contests with million-dollar prize pools, some of which are free to enter. 

Wagering Requirements agering Requirements 

DraftKings’ intro promo comes with a 25x rollover, which may seem too much at first glance. But keep in mind that this is a match deposit bonus, which is a tier above the risk-free deals offered by competing books. So it’s only natural that there are more hoops to jump through. 

Bonus Name Wagering Requirement
Welcome Bonus25x

Loyalty Program 

DraftKings has recently launched a rewards program called DraftKings Dynasty, which covers all three of its wagering verticals — casino gaming, sports betting, and DFS.

  • Note: You’ll enroll in the program immediately after creating an account.

The rewards club uses a standard multi-tier points-based system. As you advance through the levels, the perks become bigger. You can accrue points on sports betting, casino games, and DFS contests. 

DraftKings Sportsbook Payment Methods for Deposits and Withdrawals

It’s easy to transfer money to and from your DraftKings account, no matter the state you live in. You’ll have a wide range of payment methods at your disposal for both deposits and withdrawals.

DraftKings doesn’t charge fees for deposits and cashouts, but your banking institution might. In the following section, I’ll provide a walkthrough of the DraftKings’ virtual cashier. 

Deposit Options, Fees, and Limits

DraftKings accepts several deposit methods, although the exact number varies from one state to another. You can top up your account via debit cards, bank transfer, PayPal, and ACH in most regions. The minimum deposit amount of $5 applies to all banking solutions. 

MethodMinimum DepositMaximum DepositSpeed
Visa$5$2,000Instant
Mastercard$5$2,000Instant
Discover$5$2,000Instant
American Express$5$2,000Instant
PayPal$5$2,000Instant
Play+$5NoneInstant
Bank transfer $5VariesInstant
eCheck$5VariesInstant
Cash at cage (at retail sportsbook)$5NoneInstant

Withdrawal Options, Fees, and Limits

Surprisingly enough, there are just as many withdrawal methods as depositing ones. Limits and processing time depend on the chosen method. The fastest way to collect winnings would be via affiliated land-based locations, but these aren’t available in every state. 

MethodMinimum WithdrawalMaximum WithdrawalSpeedFees
Bank transferNone$100,0003–5 daysNo fees
PayPal$1$60,0003–5 daysNo fees
Play+None$25,0002–4 daysNo fees
Check$15$50,0007–10 daysNo fees
VIP PreferredNone$100,0003–5 daysNo fees
Wire transfer$20,000N/A24–48 hoursNo fees
CageNone$100,000Up to 1 hourNone

DraftKings Sportsbook Market Coverage 

There are few sports DraftKings won’t give you odds for. Betting action is through the roof with the Big 4 leagues, although golf, soccer, and tennis also gain plenty of traction among users. The betting menu also incorporates non-mainstream sports like MMA, NASCAR, and motorsports, and there’s no scarcity of obscure markets, either.

DraftKings is one of the rare sportsbooks that have odds on cricket matches. Other less-customary options include:

  • Lacrosse
  • Curling
  • Handball
  • Table tennis
  • Volleyball
Image of Game Lines for NBA Odds Available on DraftKings Sportsbook
Image of Game Lines for NBA Odds Available on DraftKings Sportsbook

What Types of Bets are Available at DraftKings Sportsbook 

You’ll find an extensive selection of wagers at DraftKings, especially during high-profile events. For a given major league game, you’ll find the following types of bets: 

  • Moneylines 
  • Totals
  • Point spread 
  • Futures 
  • Props 
  • Parlays 
  • Round robins 
  • Teasers 

Bettors can also put a few bucks down on events that are already underway. The in-play program encompasses more than a dozen sports, so there’s always something to sink your teeth into. 

DraftKings Sportsbook Mobile App

DraftKings offers two mobile products. One is a browser-based platform that mimics the desktop version in every way, and the other is a standalone app for iPhone, iPad and Android. The app can be downloaded directly via the sportsbook’s site and installed within minutes. Since your mobile device has a built-in GPS, there’s no need to download a geolocation plug-in. 

DraftKings Customer Support 

With vast resources at its disposal, it’s no wonder that DraftKings has such stellar customer service. You can contact the support team via several contact means, including 24/7 live chat, an email form, and social media platforms. 

Conclusion — Should I Play at DraftKings Sportsbook?

You most definitely should. I consider DraftKings to be one of the top three sportsbooks in the U.S right now, depending on the bettor’s preferences. It offers a massive welcome bonus, lots of odds boosts, a plethora of markets to bet on, and a fully-stacked banking section. And now that it has also added a rewards program, it has truly achieved the next level of perfection when it comes to online betting apps.

About the Author

Author Hi all! My name is Jayson Peter, and I am the Chief Editor here at Casino USA. I have always been a huge fan of casinos, but I noticed that there are not a lot of websites out there that discuss the gambling industry in enough detail, so that’s how the idea for CasinoUSA.com was born. With my extensive knowledge of the industry and the help of my team, I am ready to give you an insight into the exciting world of casino gambling in the United States.
Bonus Offer: 20% up to $1,000