• Established: 2012
• Website:www.draftkings.com
• Mobile Compatible: Yes
• Cashout Time 5-10 Days

1. Draftking Sportsbook Reviews
2. Draftkings Reviews
3. Draftkings Employee Reviews
4. Draftkings Stock Review
5. Draft Kings Sports Betting Review
6. Draftkings Review Reddit - Sports Betting App

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• One Free Entry to a Paid Game
• Refer-A-Friend Bonus
• 100% First-Time Deposit Bonus
• DraftKings Rewards

• Visa
• Mastercard
• Discover
• American Express

• Fantasy Football
• Fantasy Baseball
• Fantasy Basketball
• and Much More!

Overview

DraftKings is a Massachusetts based company which offers
short-term fantasy sports contests for real money. Instead of
committing to an entire season, you can play in daily fantasy
baseball contests or weekly fantasy football contests. Along
with FanDuel, DraftKings.com is one of the two leaders in this
new niche industry.

The buy-ins to these contests work like the sit-and-go
tournament model at online poker sites. For example, if you’re
buying into a $10 contest, you might pay $11 to enter. $10 of
your entry fee goes into the prize pool for that contest; the
other $1 is a commission that goes to the site so that they can
maintain their business. These buy-ins and the commissions vary
by contest.

Baseball and football are the most popular sports contests
available, but DraftKings offers a wide selection of sports you
can get involved in. Basketball, hockey, golf, soccer, mixed
martial arts, and NASCAR are also available. I’ll go into more
detail on the different sports later.

Should you play at DraftKings?

In this review I try to offer a balanced view of what the
site offers. I like the games there, and the site is
user-friendly. For people who want to get some money into action
on sports in the United States, this is a great option. After
all, betting on sports is illegal unless you travel to Las
Vegas. Since the skill element of drafting a fantasy team
involves a lot of skill, it’s not considered gambling.

The number and variety of contests is outstanding.
DraftKings.com has something for almost every kind of sports fan
you can imagine, and these contests are available in a wide
enough variety of buy-ins that no matter how small or large your
bankroll is, you’ll almost certainly find something to tickle
your fancy. If you’ve played season-long fantasy sports before,
you’ll have little trouble figuring out how to participate in
the contests at DraftKings.

Draftking Sportsbook Reviews

I’ve seen no indication that anyone would have any other
reason to distrust this site or its management. All of the other
reviews and forum comments I’ve read seemed as excited about the
site as I am.

If you like sports, and you’re interested in getting involved
with putting some money on the line legally, DraftKings is one
of the leaders in the industry. You should try it.

Please keep reading for more information about everything
this site has to offer.

Bonus Details

There are three main bonuses available at DraftKings. Here’s
a little bit of information about each one.

• One Free Entry to a Paid Game – This is awarded when you register a new
  account and make your first deposit.
• 100% First-Time Deposit Bonus – You get a bonus equal to the amount
  of your initial deposit. This bonus is released into your
  account as you earn player points by entering contests. The
  maximum bonus is $600.
• Refer-a-Friend Bonus – This isn’t so much a bonus as it is a
  revenue-sharing deal. When you refer a friend to DraftKings, you
  receive up to 35% of the revenue generated by the player you
  referred.

I have two minor complaints about DraftKings, and the first
one of these is related to the signup bonus. I’m disappointed
that the site isn’t more forthcoming about the maximum amount
that can be claimed. To figure out that the max bonus was $600,
I had to register an account and start the deposit process. That
information should be available to potential customers without
having to register an account at the site.

Banking Options

DraftKings is a United States company operating in US
dollars. The site accepts the following major credit cards.

Discover doesn’t offer prepaid gift cards, but the other
credit card brands do. DraftKings also accepts deposits via
these prepaid gift cards.

DraftKings.com processes withdrawals as refunds to those
cards, so you’re going to need that card—assuming you eventually
have winnings to withdraw.

You can also deposit and withdraw via PayPal.

Withdrawals take up to three days to process. Their policy is
to issue your withdrawal first as a refund via your original
deposit method. If you have additional funds (i.e. winnings),
you’re issued a payment via PayPal or via check. If the credit
card you used to make your deposit is no longer valid, you need
to contact their support department about your withdrawal before
making your withdrawal request.

The company processes withdrawals during normal business
hours, Monday through Friday, from 9am to 5pm EST. It takes up
to three days to process your withdrawal. It then takes another
two to seven business days to see the funds in your PayPal or
credit card account. Checks take about a week to come in the
mail.

If you live in the United States, your winnings
are taxable income. If you show a net win of more than $600 in a
calendar year, the income will be reported to the IRS, and you
will receive a 1099 from DraftKings.

Sports Available

Before I get on to the different sports available at
DraftKings, I’m just going to explain a little about the concept
of daily fantasy sports for those of you who may not be familiar
with it. You can skip this bit if you already know what’s
involved.

Most people are familiar with the basic principle of fantasy
sports. You draft a team of players, and you score points based
on those players’ performances during that day’s or that week’s
games. The team manager (you or your opponent) wins based on how
well her team’s score compares to her opponents.

For decades, this kind of fantasy sports game has been played
on a season-long basis. Daily and weekly contests—the kind that
DraftKings offer—are relatively new. You’re given a salary cap,
and you draft from a list of players provided on the site. Your
opponent(s) do the same. But once that day’s or week’s games are
played, the contest is over and you get your winnings or suffer
your losses.

You’re then free to enter more contests, take the day off, or
take the week off. Daily and weekly fantasy sports don’t require
a season long commitment.

One thing you can’t do in these kinds of contests is recruit
your team all from the same sports team. That would make it the
equivalent of just betting on the outcome of the sports, which
entails all kinds of other legal considerations. You must choose
different players from different teams for your team.

Since that selection is skill and knowledge based, the United
States government doesn’t consider these kinds of contests
gambling on sports. If you’re one of the frustrated players from
the US who used to love playing poker on the Internet,
DraftKings is a great opportunity to get some similar action
without having to worry about the legalities. DraftKings had
lawyers go over their business model carefully to make sure that
everything they offer is above-board.

That being said, these contests aren’t available in every
state, because state laws regarding the pertinence of skill in
gambling vary.

Draftkings Reviews

The following sports are available at DraftKings.

• Football
• Baseball
• Basketball
• Hockey
• Golf
• Soccer
• MMA
• NASCAR

Let’s take a look at how each sport works here.

Fantasy Football at DraftKings

Fantasy football contests are available at both the college
and the professional (NFL) levels. Because of the way football
is scheduled, these contests are held on a weekly basis rather
than a daily basis. But a weekly commitment is far less of a
commitment than a season long league.

Each player gets a salary cap of $50,000. You use these funds
to draft a 9-player team. You choose from a player pool that
includes all the NFL (or college football teams) eligible during
that contest time period. You have to have players from at least
two different teams and that represent at least two different
football games.

Your team will consist of the following positions.

• A Quarterback
• Two Running Backs
• Three Wide Receivers
• A Tight End
• A Flex Player
• A Team Defense

For the flex player, you have the choice of another running
back, wide receiver, or tight end.

Points are scored based on each player’s performance. If
you’ve played fantasy football before, you’ll understand how
this works.

Here are some examples of how your selected players can earn
points.

Offense

• A passing
  touchdown is worth 4 points.
• 25 passing
  yards are worth 1 point.
• Over 300
  passing yards is worth 3 points.
• Throwing an
  interception is -1 point.
• 10 rushing
  yards are worth 1 point.
• A rushing
  touchdown is worth 6 points.
• Over 100
  rushing yards is worth 3 points.
• 10
  receiving yards are worth 1 point.
• Catching an
  interception is worth 1 point.
• A touchdown
  from a reception is worth 6 points.
• Each
  reception is worth 1 point.
• More than
  100 receiving yards is worth 3 points.
• A punt or
  kickoff return for a touchdown is worth 6 points.
• A fumble is
  -1 point.
• A 2 point
  conversion is worth 2 points.
• Recovering
  a fumble and making a touchdown is worth 6 points.

Defense

• A sack is worth a point.
• An interception is worth 2 points.
• A fumble recovery is worth 2 points.
• A touchdown from a kickoff return is worth 6 points.
• Returning a punt for a touchdown is worth 6 points.
• A touchdown from an interception return is worth 6
  points.
• A touchdown from a recovered fumble is worth 6 points.
• A safety is worth 2 points.
• A blocked kick is worth 2 points.
• The number of points allowed affects the defense score,
  too.
• Allowing 0 points scores 10 points.
• Allowing 1-6 points scores 7 points.
• Allowing 7-13 points scores 4 points.
• Allowing 14-20 points scores 1 point.
• Allowing 21-27 points scores no points.
• Allowing 28-34 points scores -1 point.
• Allowing 35+ points scores -4 points.

DraftKings.com keeps live scores posted during the games, so
you can watch how your team is doing versus your opponent’s team
in real time.

Fantasy Baseball at DraftKings

Season long fantasy baseball is even more of a grind than
fantasy football. After all, there’s a big difference between
having to set a lineup every day and only setting one up once a
week. So baseball fans who can’t handle the commitment of a
season long fantasy baseball league should find DraftKings to be
right up their alley.

DraftKings only runs contests based on MLB results. You get
$50,000 for your salary cap, with which you draft 10 players.

• Two Pitchers
• One Catcher
• A First Baseman/ Designated Hitter
• A Second Baseman
• A Third Baseman
• A Short Stop
• Three Outfielders

You must have hitters from at least three different teams.
Here’s how the scoring works.

Hitters

• A single is worth 3 points.
• A double is worth 5 points.
• A triple is worth 8 points.
• A home run is worth 10 points.
• It’s 2 points for every run batted in.
• It’s 2 points for every run.
• Base on balls is worth 2 points.
• Being hit by a pitch is worth 2 points.
• Stolen bases are worth 5 points.
• Getting caught stealing a base is -2 points.

Pitchers

• 2.25 points for every innings pitched.
• 2 points for each strike out.
• Winning pitchers get 4 points.
• 2 points are lost for every earned run allowed.
• Every hit against a pitcher is -0.6 points.
• Allowing base for balls is -0.6 points.
• Hitting a batter is -0.6 points.
• Completes an entire game is worth 2.5 points.
• A shut out is worth 2.5 points.
• A no hitter is worth 5 points.

Live scores are updated on the site in real time.

Fantasy Basketball at DraftKings

DraftKings offers fantasy basketball contests at both the
college and the pro level. Most of their contests are based on
NBA results.

You get a $50,000 salary cap, and you draft eight players.
Players have to be on at least two different teams and be
participating in at least two different games. Here are the
eight positions:

• Point Guard
• Shooting Guard
• Small Forward
• Power Forward
• Center
• Guard
• Forward
• Utility

Scoring for basketball is a little simpler than it is in
baseball or football.

• Each point scored is worth 1 point.
• Each made 3 point shot is worth 0.5 points.
• A rebound is worth 1.2 points.
• An assist is worth 1.5 points.
• Steals and blocks are worth 2 points each.
• A turnover over is -0.5 points.
• A double-double is worth 1.5 points.
• A triple-double is worth 3 points.

DraftKings.com keeps real-time reports of your team’s and
your opponents’ teams’ scores.

Fantasy Hockey at DraftKings

The fantasy hockey contests are based on the scores of the
players in the NHL. You get a $50,000 salary cap that you can
use to draft nine players from the following positions.

• Three Wings
• Two Centers
• Two Defensemen
• One Utility
• One Goaltender

You can use any position besides goalie to fill the utility
position. You’re required to have players from at least three
different teams.

The scoring works as follows.

Outfield Players

• 3 points for each goal.
• 2 points for each assist.
• 0.5 points for any shot on goal or any blocked shot.
• Short-handed point bonus is worth 1 point.
• A shootout goal gets an additional 0.2 points.
• Hat trick bonus is 1.5 points.

Goalies

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• 3 points for a win.
• 0.2 points for a save.
• 2 points for a shutout.
• -1 point for every goal scored against.

You can follow the action on the DraftKings site with their
real-time live scoring.

Fantasy Golf at DraftKings

Fantasy golf contests are scored according to the PGA
golfers’ performance. You get a $50,000 salary cap and a six
golfer team. You draft from a pool of golfers that are
participating in the week’s tournament.

Golfers get points per hole and for how they finish the
tournament. They also get points for streaks and bonuses. Here
are the details.

Scoring Per Hole

• A double eagle is worth 20 points.
• An eagle is worth 8 points
• A birdie is worth 3 points.
• Par is worth 0.5 points.
• A bogey is worth -0.5 points.
• A double bogey is -1 point.
• A triple bogey or worse is -2 points.

Streaks & Bonus Points

• A streak of three or more birdies is worth 3 points.
• A bogey free round is worth 3 points.
• Scoring all four rounds in under 70 strokes is worth 5
  points.
• A hole in one is worth 10 points.

Points Per Finishing Position

• 1st place: 30 points.
• 2nd place: 20 points.
• 3rd place: 18 points.
• 4th place: 16 points.
• 5th place: 14 points.
• 6th place: 12 points.
• 7th place: 10 points.
• 8th place: 9 points
• 9th place: 8 points.
• 10th place: 7 points.
• 11th -15th place: 6 points.
• 16th – 20th place: 5 points.
• 21st – 25th place: 4 points.
• 26th – 30th place: 3 points.
• 31st – 40th place: 2 points.
• 41st – 50th place: 1 point.

Fantasy Soccer at DraftKings

The fantasy soccer contests are scored based on the
performance of players in the EPL and the UCL. You get a $50,000
salary cap with which to recruit eight players. Your roster must
include players from at least three different teams. The roster
positions are as follows.

• One Goalkeeper
• Two Defenders
• Two Midfielders
• Two Forwards
• One Flex

The flex position can be filled with any player besides a
goalkeeper.

This is how the scoring works.

Outfield Players

• Each goal scored is worth 10 points.
• Each assist is worth 6 points.
• Shot, shots on the goal, and crosses are worth 1 point.
• Drawing a foul is worth 0.75 points.
• A red card is -1 point.

Goalkeepers

• Each save is worth 2 points.
• Each goal allowed is -2 points.
• A clean sheet is worth 5 points (defenders also get
  these points).
• One goal allowed is worth 2 points.
• A win is worth 5 points.
• A penalty kick save is worth 3 points.

Real-time scoring is updated on the DraftKings website during
the game.

Fantasy MMA at DraftKings

Fantasy mixed martial arts contestants get a $50,000 salary
cap with which they can draft five fighters. Points are scored
for moves made by each fighter and by the conclusion of each
fight.

Moves

• Significant strikes are worth 0.5 points each.
• An advance is worth 1 point.
• Takedowns and reversal/sweeps are worth 2 points each.
• Each knockdown is worth 3 points.

Winning Round

• Victory in 1st round – 100 points
• Victory in 2nd round – 70 points
• Victory in 3rd round – 50 points
• Victory in 4th/5th round – 40 points
• Victory by decision – 25 points

DraftKings.com offers real-time scoring for MMA contests,
too.

Fantasy NASCAR at DraftKings

Fantasy NASCAR is similar to fantasy MMA. You get a $50,000
salary cap with which to recruit five drivers. Drivers score
points based on their finishing position as follows.

• 1st – 46 points
• 2nd – 42 points
• 3rd – 41 points
• 4th – 40 points
• 5th – 39 points
• 6th – 38 points
• 7th – 37 points
• 8th – 36 points
• 9th – 35 points
• 10th – 34 points
• 11th – 33 points
• 12th – 32 points
• 13th – 31 points
• 14th – 30 points
• 15th – 29 points
• 16th – 28 points
• 17th – 27 points
• 18th – 26 points
• 19th – 25 points
• 20th – 24 points
• 21st – 23 points
• 22nd – 22 points
• 23rd – 21 points
• 24th – 20 points
• 25th – 19 points
• 26th – 18 points
• 27th – 17 points
• 28th – 16 points
• 29th – 15 points
• 30th – 14 points
• 31st – 13 points
• 32nd – 12 points
• 33rd – 11 points
• 34th – 10 points
• 35th – 9 points
• 36th – 8 points
• 37th – 7 points
• 38th – 6 points
• 39th – 5 points
• 40th : 4 points
• 41st – 3 points
• 42nd – 2 points
• 43rd – 1 point

Real-time results are available for NASCAR contests on the
DraftKings site during the races

Types of Contests at DraftKings

DraftKings makes multiple types of contests available to
players. These include the following.

• Guaranteed
• Qualifiers
• Head-to-Head
• 50/50
• Leagues
• Multipliers
• Steps
• Beginner

From the lobby of the site, you can filter which choices you
see according to sport, buy-in, and type of contest. You can
create your own contests or you can buy into contests that other
players have already created. DraftKings creates some of the
contests themselves, too, especially the ones with guaranteed
prize pools.

Let’s look at how each of these contest types work.

Guaranteed Contests

A guaranteed contest offers a minimum prize pool regardless
of how many or how few people register for the contest. This
type of tournament is also popular at Internet poker sites.
Smart gamblers love these kinds of contests because of the
overlay potential.

Here’s how an overlay situation works.

Suppose you have a contest with a $100 buy-in and a $200,000
guaranteed prize pool. If 1,000 people register for that
tournament, the site has only taken in $100,000 in entry fees,
but they’re guaranteeing payouts as if 2000 people had
registered for that tournament.

Mathematically, this provides a player with a greater
potential return on her investment. Let me explain why.

Suppose the prize pool is set up so that the players with
scores in the top half of the field each win an equal percentage
of the prize pool. With 1,000 contestants, that means 500 of
them will win 1/500 of $200,000, or $400. Assuming everyone is
of equal skill level, you have a 50% chance of winning $400,
even though you only put $100 on the line.

Most overlay situations aren’t that extreme—in fact, they’re
usually a lot closer than this. I just used that example because
it’s obvious how the math works. Guaranteed tournaments are fun
even if they don’t offer an overlay opportunity.

Qualifiers

A qualifier is a contest with a low entry fee, but if you’re
one of the winners, you get an entry to a more expensive
contest. For example, you might play in a qualifier that costs
$5. If you’re one of the winners, you might win entry to a
contest that would normally cost $100 to enter. This model is
something that the daily fantasy sports industry has also
borrowed from the world of poker tournaments.

Head-to-Heads

A head-to-head contest is one in which you play against one
other player, winner take all. This is my favorite type of
contest. These are usually available in a variety of buy-ins, as
low as $1 per player and as high as $530 per player. These
contests are opportunities to double your money.

50/50 Contests

A 50/50 contest is one in which multiple players have fantasy
teams. If your score falls within the top 50% of the field, you
win money. Otherwise, you don’t. These are, like the
head-to-head contests, opportunities to double your money.

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These are contests where multiple players compete, but only
the top tier (often the top 3 players, but it depends on how
many entries there are) gets paid. The variance in these
contests is higher, because you have a smaller chance of
winning, but you win a larger jackpot when you do win. The
strategy for league play differs significantly from 50/50 play.

Multipliers

These are multiplayer tournaments which offer you the
opportunity to win 3X or 10X your entry fee. In these contests,
the top scores all win the same prize. For example, the top 3
players might win $15 each instead of having a different prize
amount for 1st place, 2nd place, and 3rd place.

Steps

Steps are contests which enable you to parlay a small buy-in
at a low level into a big win without having to pay the big
entry fee. These are similar to qualifiers, but you can buy into
the step at any of the four levels you can afford.

Step 1 might cost $2 to enter, but you could enter at step 3
if you can afford the $25 entry fee. The top of the step is step
4, which you can also buy into directly.

Steps are similar to qualifiers. The fantasy sports folks
also borrowed this model from the Internet poker industry.

Beginner Contests

Beginner contests are only available to players who’ve
competed in 50 or fewer contests for a particular sport. Once
you’ve competed in 50 contests for a particular sport, you’re no
longer eligible to play in the beginner tournaments.

These are sports-specific. For example, if you’ve played in
60 fantasy baseball contests but only 20 fantasy football
contests, you’re still eligible to play in the beginner fantasy
football tournaments. You’re no longer considered a beginner at
fantasy baseball though.

Customer Support

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Customer support is available Monday through Friday from 9am
– 11pm EST. On Saturday and Sunday, customer service can be
reached between 10am and 7pm EST.

You can contact customer support by filling out the contact
form on their contact page, or you can send an email to [email protected].

Their mailing address is as follows.

DraftKings, Inc.

225 Franklin St.

26th Floor

Boston, MA 02110

They do not offer a phone number for customer service on
their site. This is the second of my minor complaints, as I’m
disappointed that they have no way to reach them over the phone.
In the 21st century, I should be able to speak with a person
over the phone if I need help with my account. It doesn’t matter
what kind of transaction I’m conducting or at what kind of
business; that’s just a basic customer service experience I
should be able to take for granted.

DraftKings FAQ

Here are some commonly asked questions about DraftKings.com,
along with my answers.

Is this legal?

Yes, in general. Fantasy sports contests are considered skill
games, and as such, they’re not considered illegal in the same
way that sports betting, poker, and casino gambling might be.

How old do I have to be to play?

You must be at least 18 years old to play at DraftKings,
unless you live in Alabama or Nebraska. In those states, you
must be 19 or older to play.

Is it hard to win?

That’s a harder question to answer, as it depends on how much
work you’re willing to do. You’ll find articles about strategies
for the various contest types elsewhere on this site. If you’re
willing to put in the effort, these kinds of fantasy sports
contests can be profitable. Some people make a living playing
daily fantasy sports contests.

What is DraftKings’ relationship with DraftStreet and/or
StarStreet?

DraftKings acquired these companies. If you had an account at
one of those sites, you’re able to transfer most of your old
account information from the defunct sites to DraftKings. You’ll
retain your bankroll from those sites as well as any bonuses you
earned.

How does DraftKings compare to FanDuel

FanDuel is the main competitor to DraftKings. Both sites
offer much of the same kind of action, but the interfaces are
different. You should try both sites to see which you prefer.
The scoring for the contests at FanDuel and some of the drafting
rules are different. Both are excellent places to play.

Summary & Verdict

DraftKings is one of the leaders in the daily and weekly
fantasy sports market. They offer contests in a wide enough
variety of sports that it’s hard to imagine someone being unable
to find some contest they’re interested in.

They have a top-notch, professional site with a smooth user
interface and plenty of interesting contests for players. They
also offer a generous signup bonus for new players and lots of
guaranteed prize pool contests. You can find contests at all
buy-in levels, too, so even if you don’t have a lot of money,
you can get in on the action here.

The only two complaints I could make about the site are minor
indeed. One is that they have no telephone support. The other is
that the signup bonus amount isn’t clearly listed on their site.
Those aren’t a big deal at all.

DraftKings Sportsbook Review

DraftKings was originally founded as a daily fantasy sports operator, but now they are one of the biggest names in the sports betting industry. The DraftKings Sportsbook brand continues to grow, just as the industry grows throughout the United States. Throughout this DraftKings Sportsbook review, I try my best to capture the pros and cons of making this sportsbook your go-to. Currently, we have DraftKings as our top recommendation on our Sportsbook Review page, however, as the sports betting industry grows, so does the competition. As it seems, every month betting apps, promotions, and contests get better and better.

This DraftKings Sportsbook Review will give customers a chance to learn about some of the features, as well as discuss some of the special offers that can be provided. The DraftKings Sportsbook review should help customers choose the operator if it is legal in their state.

Sportsbook Overview

DraftKings Sportsbook is widely considered one of the top sportsbooks on the market, and the company has a proven track record in the sports betting industry. Originally a daily fantasy sports provider, DraftKings is now synonymous with sports betting in the US.

DraftKings has been able to quickly form partnerships with casinos and other operators throughout the country, which has allowed them to launch in several states rather quickly. States that have already legalized sports betting have gotten a huge boost from DraftKings joining the market.

Since DraftKings has a huge background in sports betting and fantasy sports, it was a smooth transition for them into the sports betting industry. DraftKings is a company that is based out of Boston, but they also feature sports and leagues from around the world. Even though DraftKings Sportsbook doesn’t need a ton of help in attracting customers, their welcome bonus is among the best in the industry. The terrific welcome bonus will be discussed in more detail in the next section of the DraftKings Sportsbook Review.

Look for DraftKings to continue to grow and expand throughout the United States as more states legalize the industry. The company continues to look to form partnerships with big casino operators, and they have also started partnering with professional leagues and teams.

Promo codes or Special Offers

Sportsbooks are always looking for ways to stand out in a very crowded and competitive industry, and bonuses and promotions are one way to do just that. DraftKings Sportsbook has the best welcome bonus in the industry, and it is available to all new members. Another great thing about the welcome bonus and promotion from DraftKings Sportsbook is that a promo code is not needed. Anyone that signs up at the site or through the mobile app will automatically have the bonuses credited to their accounts.

The first offer from DraftKings is a free $25 to anyone that opens up a new account. There is no deposit required with this offer, and customers can use the money to start placing bets. The next offer from DraftKings Sportsbooks is a 20 percent deposit match up to $500. This means that an initial deposit of $2,500 can earn a new customer a free $500. Finally, DraftKings also rewards all of their new customers with a risk-free bet up to $500. If the first bet at the sportsbook loses, then DraftKings will credit the account for the amount that was lost.

In total, new customers are eligible to receive up to $1,025 just for signing up and playing at DraftKings Sportsbook.

States Available

DraftKings Sportsbook waited little time in jumping into the sports betting industry when the Supreme Court lifted the federal ban on sports betting. DraftKings already knew how to create an app that was extremely customer-friendly, and their sports betting app works the same way.

Draftkings Review Reddit - Sports Betting App

New Jersey was the first state that saw a DraftKings Sportsbook as it launched in 2018. DraftKings was quick to form a partnership with Resorts Casino in New Jersey, and that allowed them to launch their online sportsbook. They also operate retail sports betting at Resorts Atlantic City. DraftKings also launched in Pennsylvania shortly after the decision from the Supreme Court. There was a slight delay in launching their mobile app in Pennsylvania, but that has now been corrected for residents of the state.

West Virginia legalized sports betting in 2018, and the industry launched in 2019. DraftKings operates a retail sportsbook at the Hollywood Casino at Charles Town Races as well as offers mobile betting in the state. DraftKings was able to launch its brand of sportsbook in the state of Indiana on October 3, 2019. DraftKings has formed a partnership with Penn National Gaming, and that company operates several casinos throughout Indiana.

The state of New Hampshire launched sports betting on December 30, 2019, and DraftKings Sportsbook was the first and only online operator. This remains the case today as DraftKings has a clear monopoly over the state.

Iowa was the next state to introduce a DraftKings Sportsbook app to its residents, but the signup process is a bit unique in this state. Residents of Iowa must first download the app before completing their registration at one of three Wild Rose Casino and Resort locations in the state.

Colorado was the latest state to launch sports betting, and DraftKings was one of the first to launch in that state. They formed a partnership with Mardi Gras Casino, which gave them the right to apply for a sports betting license.

DraftKings is also now live in Illinois after a long battle with the Illinois Gaming Board. DraftKings has partnered with the Casino Queen in East St. Louis.

DraftKings also offers retail sports betting in Mississippi and New York, but these states don’t currently allow mobile or online betting.

Funding Your Account: Deposit Options

DraftKings specializes in a terrific banking experience and one that is both quick and easy for their customers. They have a number of deposit options available, although some of these options are not available in every state. Here are some of the deposit options offered by DraftKings Sportsbook, with a brief description of each one:

• Credit Card/Debit Card: This is one of the most popular deposit methods at DraftKings Sportsbook, and the operator accepts both Visa and Mastercard transactions.
• Bank Transfer: DraftKings Sportsbook also allows its customers to link their bank account to their sports betting account for quick and easy transactions. Banks might restrict this type of payment, so it is best to check with your banking institution.
• Play+ Prepaid: The prepaid card from DraftKings Sportsbook allows customers to reload their cards at any time. These funds can then be used to put money onto a sports betting account.
• PayPal: DraftKings Sportsbook accepts deposit transactions using PayPal, and it has become an extremely popular form of deposit for some customers.
• PayNearMe: PayNearMe kiosks are located at 7-11 stores in many states that have DraftKings Sportsbook services. Cash can be used to transfer money from a PayNearMe kiosk into a sports betting account.
• Casino Cage: Customers can also visit one of the casinos that is partnered with DraftKings and deposit money using cash. Earlier in this DraftKings Sportsbook Review, some of the partner casinos were mentioned.

Available Sports, Games, and Bets

One of the biggest reasons that DraftKings Sportsbook is so popular in the industry is because of the large list of available sports and betting options that are offered. Even though DraftKings Sportsbook is based in the United States, they have had little trouble finding international sports to offer.

All of the top professional and collegiate sports in the United States are featured at the sportsbook, and there are a number of betting options available for each one of them. DraftKings Sportsbook also offers betting on the biggest sporting events in the world, including the Summer and Winter Olympics. Each state sets its own rules and regulations about which sports can be offered by the sportsbook. DraftKings always follows these regulations, but they also push things to the limit when looking for betting options.

Here is a list of some of the sports that are available to bet on at DraftKings Sportsbook:

• Aussie Rules Football
• Auto Racing
• Baseball
• Basketball
• Boxing
• Cricket
• Darts
• Golf
• Hockey
• MMA
• Soccer
• Table Tennis
• Tennis

This is not a complete list, and the different leagues that are offered at DraftKings vary by state. On top of featuring betting on a wide range of sports, DraftKings also offers one of the biggest selections of betting types. All of the most common betting types are, of course, offered by DraftKings, but there are some unique types of bets offered as well.

Here are some of the most common types of bets featured at DraftKings Sportsbook:

• Moneyline
• Spread
• Totals
• Futures
• Parlays
• Teasers
• Props

DraftKings also offers two types of betting that set them apart from the competition. These betting types include “in-play betting,” and “betting pools.”

In-play betting, or live betting, is available at most of the top sportsbooks throughout the country, but few have as many live betting options as DraftKings. Their partnerships with professional leagues and teams also give them the opportunity to provide official data and stats to their customers.

Betting pools are unique to DraftKings Sportsbook, but this type of betting action is not legal in every state. Customers can join these pools for a fixed rate, and they can sign up for a certain length of time. These betting pools are extremely popular during the NFL and college football seasons.

Withdrawal Options

Even though DraftKings does provide a quick and easy banking process for its customers, there aren’t as many withdrawal options as there are deposit options. This is typically the case for all sportsbooks in the industry, and DraftKings has provided enough withdrawal options. The type of deposit option that is chosen will also narrow down the possible withdrawal options that can be used.

Check: The traditional way of receiving winnings from DraftKings Sportsbook is by requesting a check through the mail. DraftKings Sportsbook has limits set on the amount of money needed for this transaction, and it can also take up to 7-10 days.

ACH: An ACH or e-check is another possible withdrawal option that is available to DraftKings customers. This money can be deposited directly into a customer’s bank account, assuming you have provided them with your banking info.

PayPal: If a customer has their PayPal account linked to their DraftKings account, then this is a terrific withdrawal option. Most customers that choose this option also choose to deposit money from their PayPal account.

Casino Cage: Just like with the deposit process, customers can also visit a casino that is partnered with DraftKings to receive their winnings.

Company History

DraftKings was founded in 2012 in Boston, Massachusetts, by three men that were former employees of VistaPrint. Matthew Kalish, Paul Liberman, and Jason Robins sat down together and decided to create a daily fantasy sports site that would rival FanDuel. Their first daily fantasy sports game was launched on Opening Day of the 2012 Major League Baseball season, and it was a one-on-one competition. The company continued to expand from there, and it wasn’t long before they were able to attract an outside investor.

Major League Baseball invested in the company in 2013, becoming the first time that a professional sports league invested in a DFS operator. That trend continued in the coming months, and by the end of 2013, DraftKings had paid out more than $50 million in winnings to their customers. DraftKings continued to work to secure deals with major sports organizations, and they were also able to secure a huge deal with ESPN. They signed a three-year advertising deal with ESPN for more than $250 million in 2014. The company continued to grow and lead the DFS industry, but in 2018 they started to turn their attention and focus to the sports betting industry. In 2018, DraftKings became the first online sports betting operator in the state of New Jersey.

DraftKings and FanDuel had attempted a merger just two years earlier in 2016, but the Federal Trade Commission blocked the partnership. The companies continued to grow without each other, and they continue their strong rivalry in both industries today.

In April 2020, DraftKings became a publicly-traded company, and they saw a huge stock price increase on the first day in the market. Their stocks have been up and down over the last four months, but the future in sports betting looks strong for DraftKings.