DraftKings Review
DRAFTKINGS OVERVIEW
DraftKings is one of the largest and most recognized sports betting platforms in the United States, and it’s quickly becoming a global powerhouse in the sports betting and daily fantasy sports (DFS) industry.
Launched in 2012 in Boston, Massachusetts, DraftKings has grown to serve millions of users in states where online betting is legal. Today, the company holds licenses in 25 U.S. states and offers some of the most generous promos across the country.
DraftKings is known for its wide variety of betting options, covering more than 20 sports and offering hundreds of markets, including player props, parlays, and live betting, as well as its regular DraftKings promos.
Our sports and matched betting expert, Chris Allen, has written a detailed review of DraftKings summarizing the need-to-know details about the sportsbook. But before you dive into that, check out DraftKings' welcome offer, live states and main screens below.
DRAFTKINGS
KEY TAKEAWAYS IN 2024
- Welcome Offer: Bet $5 Get $150 if Your Bet Wins
- Top Feature: Best pricing.
- Wagering Requirements: New users only. Minimum deposit of $5. Legal betting age is 21.
- State Coverage: Live in 25 states, with further expansions planned.
- App: Yes (iOS and Android).
- Casino: Yes.
- Live betting: Yes.
- Early Cash Out: Yes.
- Same Game Parlays: Yes.
- Matched Betting Eligible
Minimum Odds: No minimum Bonus Bet Type: Stake Not Returned Bonus Bet Expiry: 7 days Promo Code: No Opt-in required
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- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington D.C.
- West Virginia
- Wisconsin
- Wyoming
Our reviews are meticulously crafted by sports and matched betting experts with decades of industry experience and $100,000s in sportsbook profits.
Considering the most crucial user aspects of each sportsbook (from promo generosity to in-app features), they aim to leave no stone unturned and give you the most transparent and unbiased review of each sportsbook.
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What We Like
- Excellent welcome bonuses for new users.
- Extensive coverage of sports and leagues.
- Variety of betting tools like bet builders and cash-out options.
What We Don’t Like
- Withdrawal options can be limited compared to other sportsbooks.
- Some features (like parlay insurance) not available in all states.
- Limited live streaming.
1. How Does DraftKings Work?
Getting started with Draftkings is simple: you just create an account, deposit some funds, and explore the wide range of sports and events available to bet on.
Whether you’re into traditional bets, parlays, or daily fantasy contests, DraftKings has something for everyone. It’s designed to be user-friendly, so whether you’re a seasoned pro or brand-new to betting, you’ll find it easy to jump in and start enjoying the action.
DraftKings also goes the extra mile to make things smooth and secure for its users. Depositing and withdrawing money is quick and easy, with plenty of payment options to choose from. With a top-notch mobile app, you can place bets and check on your games anytime, anywhere.
2. How to Sign Up with DraftKings
Tip: Before you sign up with DraftKings and risk wasting your offer on the losing side, download our free Guide to Converting Sportsbook Promos to see how you can guarantee profit from sportsbook promos every time.
Still curious? Check out the typical DraftKings sign-up process below:
- Visit DraftKings Website/App:
Click on "Sign Me Up" and select your state. - Enter Details:
Username, Email, Password, Promo Code (optional)
Confirm Eligibility (Age verification)
Personal Information: Name, DOB, SSN, Address - Add Mobile Number & Accept Terms:
Agree to Terms of Use and Privacy Policy. - Verify Location:
Download the GeoComply plugin to confirm location. - Deposit Funds:
Use an eligible payment method to make your initial deposit. - Place Your Bets:
Navigate the sportsbook, select your bets, enter the wager amount, and click "Place Bet. - Track Results:
Check your account balance for updates on bet outcomes.
3. DraftKings Betting Tools and Features
DraftKings Sportsbook offers a great range of tools to help bettors make smarter, more informed decisions. From tracking live odds to building custom parlays, these features are designed to enhance your betting strategy and give you an edge.
Here are 10 of the most useful tools we’ve come across while using the platform:
- DraftKings Sportsbook Stats Hub: Provides real-time statistics, historical performance, and betting trends for various sports, helping users make data-driven decisions.
- Bet Slip Optimizer: Allows users to explore different bet combinations, such as parlays or single bets, and calculate potential payouts.
- Live Odds Tracker: Displays real-time changes in odds, enabling users to spot value bets or capitalize on favorable shifts during live betting.
- Prop Bet Finder: A tool to search and filter through hundreds of player and team props, making it easier to find specific wagers.
- Same-Game Parlay Builder: Helps construct customized parlays for a single game, showing potential payouts and associated risks.
- Line Movement Tracker: Tracks how odds and spreads have shifted over time, revealing trends or opportunities where the market might have over- or under-reacted.
- Betting Trends Insights: Highlights how the public is betting on a game, including percentages of money and bets placed on each side.
- Cash Out Calculator: Calculates how much users can cash out from a bet before it resolves, helping to lock in profits or minimize losses.
- Injury and Lineup Alerts: Provides real-time updates on player injuries and lineup changes that can significantly impact game outcomes.
- Odds Boost Tracker: Displays all current odds boosts offered by DraftKings, ensuring users don’t miss enhanced-value bets.
4. Depositing and Withdrawing with DraftKings
How to Deposit with DraftKings
DraftKings offers a variety of deposit methods, making it easy for users to fund their accounts. Here are five popular options we found while reviewing the site:
- Credit/Debit Cards – Use Visa, Mastercard, or Discover to quickly deposit funds.
- PayPal – A secure and widely-used e-wallet option for seamless transactions.
- Bank Transfers (ACH) – Link your bank account for direct deposits.
- Prepaid Cards – The DraftKings Play+ prepaid card allows instant deposits.
- Online Banking – Deposit directly from your bank account using the online banking option.
These options provide flexibility and convenience, catering to a wide range of user preferences.
How to Withdraw with DraftKings
Withdrawals can take longer, and options are more limited compared to deposits. This is an area where DraftKings could improve.
DraftKings Withdrawal methods:
DraftKings offers several convenient withdrawal methods to ensure users can access their winnings easily. Here are some of the most common options:
- PayPal – A fast and secure e-wallet option, typically processed within 1-2 days.
- Bank Transfers (ACH) – Direct withdrawals to your bank account, usually taking 3-5 business days.
- DraftKings Play+ Prepaid Card – Quick and reliable access to your winnings via the Play+ card
Each method comes with its own processing times, so you can choose what works best for your needs.
5. What Sports/Leagues Can You Bet On with DraftKings?
DraftKings covers a huge variety of sports and leagues, their extensive range of sports markets is one of the factors that really makes this sportsbook stand out from the rest.
Ten of the most popular include:
- NFL (National Football League) – NFL Official Site
- NBA (National Basketball Association) – NBA Official Site
- MLB (Major League Baseball) – MLB Official Site
- NHL (National Hockey League) – NHL Official Site
- Soccer (including EPL, MLS, and more) – FIFA Official Site
- UFC (Ultimate Fighting Championship) – UFC Official Site
- PGA Tour (Golf) – PGA Tour Official Site
- Tennis (ATP/WTA) – ATP Official Site and WTA Official Site
- NASCAR (Auto Racing) – NASCAR Official Site
- College Sports (NCAA Football and Basketball) – NCAA Official Site
DraftKings also covers many other sports and niche events, but these ten are among the most popular for sports betting fans.
6. DraftKings Online Casino
DraftKings Casino is a highly popular online gaming platform in the US, offering a wide variety of slots, table games, live dealer options, and exclusive DraftKings titles.
Its seamless integration with the sportsbook makes it easy to switch between casino games and betting, and the platform is sleek, modern, and beginner-friendly.
The mobile app is excellent, providing a smooth experience on both iOS and Android, and the promotions, including a generous welcome bonus and loyalty rewards, are a major highlight.
However, withdrawals can be slow, and the platform is only available in certain US and Canadian regions, limiting access for international players.
Additionally, the interface can feel a bit overwhelming at first due to the many features. Overall, DraftKings Casino is a great choice for eligible users, offering an impressive game selection and top-tier mobile experience.
7. DraftKings Website Speed
According to PageSpeed Insights (a Google tool that measures website speed), the DraftKings homepage takes on average 1.3 seconds to load on desktop. This is well within a positive range.
On cell phones, it's a little longer at 1.7 seconds, but still is in an acceptable range.
This fast load time can give you confidence when using the DraftKings site that you won't be waiting long periods of time in-between bets and games.
8. Does DraftKings Have an App?
The DraftKings Sportsbook mobile app is one of the top-rated apps in the world of sports betting. It’s available for both Android and iOS devices, and you can easily download it from the App Store, Google Play, or directly from the DraftKings website.
Once you’ve got it installed, there is an impressive range of over 20 different betting markets right from your phone. Also, the design is really clean and we love how it's super easy to use.
Plus, we love how they’re always working on updates and new features, making it an app that just keeps getting better.
It’s clear why this app ranks so highly among sports bettors. Whether you’re a seasoned pro or a beginner, you’ll find the DraftKings app to be one of the best ways to enjoy sports betting on the go.
DraftKings App Ratings
DraftKings’ app has earned high marks from both Android and iOS users:
- iOS Rating: The app holds an impressive 4.8/5 rating on the App Store.
- Android Rating: On the Google Play Store, the app boasts a solid 4.6/5 rating, based on over 130,000 reviews.
9. DraftKings VIP and Loyalty Programs
DraftKings offers a comprehensive loyalty program called Dynasty Rewards, designed to reward both new and long-time bettors.
As you place bets and accumulate more Crowns (DraftKings’ version of loyalty points), you can unlock higher tiers, with better rewards.
Here are some of the key benefits you can enjoy as you climb the loyalty ladder:
- Exclusive Bonuses and Promotions: As a loyal member, you'll get access to special bonuses and promotions that aren't available to non-members. These may include free bets, deposit bonuses, and other exciting offers tailored to your betting activity.
- VIP-Only Events: High-tier members are invited to exclusive VIP events, including special contests and experiences. These events may feature unique betting opportunities or even live experiences that take your sports betting to the next level.
- Priority Customer Support: VIP members enjoy priority access to DraftKings’ customer support team. Whether you need assistance with a bet, a question about your account, or have a general inquiry, you’ll get faster responses and more personalized help.
- Cashback Rewards: High-volume bettors can earn cashback on their losses, providing a nice cushion if you're having a rough run. This reward helps soften the blow and keeps your bankroll healthy for future bets.
- Custom Rewards and Gifts: As you progress through the tiers, you may receive personalized rewards, including merchandise, gift cards, and exclusive prizes. These gifts are tailored to make you feel appreciated for your continued loyalty to DraftKings.
Overall, we're big fans of the DraftKings Dynasty Rewards program because of the exclusive bonuses, VIP events, and priority support that truly make you feel valued as a bettor.
The ability to earn cashback rewards and receive personalized gifts adds an extra layer of excitement and appreciation for loyal users.
However, one area for improvement would be offering more flexibility in how you can redeem Crowns, as the current system may not always suit everyone's preferences. Despite this, the program remains one of the best loyalty offerings in the industry.
10. Is DraftKings Reliable?
DraftKings is known for being a reliable sportsbook, and it’s easy to see why. The platform is fully licensed in multiple states, meaning it operates legally and follows all the rules set by local authorities, which gives users extra peace of mind.
On top of that, DraftKings uses top-notch encryption to protect your personal and financial information, so you can feel confident when placing bets or managing your account. With all these security measures in place, it’s clear that DraftKings takes user safety seriously.
What’s more, DraftKings has earned solid ratings on review sites like Trustpilot, with many users praising it for being dependable and easy to use. From smooth navigation to quick customer support responses, people appreciate how DraftKings consistently delivers a great betting experience.
Whether you're new to sports betting or a seasoned pro, DraftKings has built a reputation for being a trustworthy platform where you can bet with confidence.
11. DraftKings Security and Licensing
DraftKings takes security and licensing seriously to make sure users have a safe and enjoyable experience. The platform is fully licensed in every state where it operates, following all the local rules and regulations.
To keep your personal info and money safe, DraftKings uses top-notch encryption technology, so you don’t have to worry about your data getting into the wrong hands. On top of that, the company works with regulators and undergoes regular checks to make sure everything runs smoothly and by the book.
You can use DraftKings in the following states (each managed by its own regulatory group):
- Arizona – Arizona Department of Gaming
- Colorado – Colorado Division of Gaming
- Connecticut – Connecticut Department of Consumer Protection
- District of Columbia (DC) – DC Office of Lottery and Gaming
- Illinois – Illinois Gaming Board
- Indiana – Indiana Gaming Commission
- Iowa – Iowa Racing and Gaming Commission
- Kansas – Kansas Lottery
- Kentucky – Kentucky Horse Racing Commission
- Louisiana – Louisiana Gaming Control Board
- Maine – Maine Gambling Control Unit
- Maryland – Maryland Lottery and Gaming Control Agency
- Massachusetts – Massachusetts Gaming Commission
- Michigan – Michigan Gaming Control Board
- New Hampshire – New Hampshire Lottery Commission
- New Jersey – New Jersey Division of Gaming Enforcement
- New York – New York State Gaming Commission
- North Carolina – North Carolina Lottery
- Ohio – Ohio Casino Control Commission
- Oregon – Oregon Lottery
- Pennsylvania – Pennsylvania Gaming Control Board
- Tennessee – Tennessee Sports Wagering Advisory Council
- Vermont – Vermont Department of Liquor and Lottery
- Virginia – Virginia Lottery
- West Virginia – West Virginia Lottery Commission
Each state has its own rules and licensing setup to keep everything legal and fair. This oversight means you can trust DraftKings to provide a safe, reliable place to play, no matter where you’re betting.
12. Customer Support
DraftKings has a friendly and skilled customer support team ready to assist you whenever you need help.
You can connect with them through the website’s contact page by sending a message and receiving a quick reply. Other options include emailing their team directly, starting a live chat, or even requesting a callback for more personal assistance.
DraftKings offers customer support via:
- Email: support@draftkings.com
- Phone: Callback request
- Live Chat: Available on the website/app
- Support Languages: English
- (X) Twitter: @DKSportsbook
13. Is it Worth Betting at Draftkings?
DraftKings remains one of the top sportsbooks in the US, offering a user-friendly experience, extensive betting options, and competitive average pricing. The sportsbook is known for its generous promos.
The platform excels in navigation and offers a robust selection of prop bets. However, it falls short with subpar pricing on same game parlays, limited promos for existing users, and low maximum bet limits on odds boosts.
Overall, DraftKings remains a solid choice for bettors seeking variety and ease of use, despite some limitations in promotional offerings.
Pros
- Outstanding welcome bonuses.
- Wide range of sports and features.
- Reliable and secure platform.
Cons
- Withdrawal options could be expanded.
- Some features not available in all states.
Overall, we’re huge fans of the way DraftKings offers generous promotions and a wide variety of betting options, and whilst it may lack in personalised loyalty rewards, it makes up for it in its user-friendly interface and excellent mobile app. As a result, we’ve scored DraftKings a 4.5/5.
Overall Rating: 4.5/5
BONUS: How to Profit from Sportsbooks Every Time
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Which other U.S. Sportsbooks Have You Reviewed?
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Below, our experts have reviewed the most popular so you don't have to:
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- Crab Sports review
- Desert Diamond Sportsbook review
- Eagle Sportsbook review
- ESPN Bet review
- Fanatics review
- FanDuel review
- FireKeepers Sportsbook review
- Golden Nugget Sportsbook review
- Gun Lake Sportsbook review
- Hard Rock bet review
- Q Sportsbook review
- Si Sportsbook review
- Sporttrade review
WOULD YOU LIKE TO KNOW MORE OR DO YOU HAVE ANY QUESTIONS?
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