Hits & Misses
Draftkings Sportsbook Review 2022
Established in 2017, the DraftKings online sportsbook is one of the most profound legal and one of all sportsbooks in the US. Draftkings’ modern App is another major highlight that provides a seamless mobile betting experience.
Draftkings made a remark in the US gambling industry by becoming the first legal sportsbook in the US.
Today, Draftkings and its top challenger Fanduel are among the leading and most renowned online sportsbooks around the world.
Our honest DraftKings review unleashes everything from sports betting options, betting markets, odds & lines to withdrawal speed.
We have also covered the Draftkings online casino section, and welcome bonus offers for American bettors.
Now, let’s find out Is Draftsbook legal and conforms to online betting standards!
Draftkings Sportsbook at a glance
|Owned by:||Jason Robins and two others.|
|Headquarters||Boston, Massachusetts, the U.S.|
|Licensed by||The Pennsylvania Gaming Control Board with License #117645|
|Serviced offered||Daily fantasy sports, sports betting, and regulated gaming|
|Welcome Bonus||20% First deposit bonus up to $1000.|
|DraftKings App||Yes Android/iOS|
|Banking Options||Visa/ Mastercard/ Credit cards and debit cards.|
|Withdrawal speeds||2-7 working days|
Is DraftKings Legal?
Yes, DraftKings is legit! Draftkings betting platform is licensed and regulated by the Pennsylvania Gaming Control Board License #117645.
FYI, it s the first sportsbook that immediately entered the online betting market after the U.S. government legalize single-game online betting.
This bookmaker even ensures to entertain the US states where online betting is illegal such as Mississippi and others.
Recently this year, the DraftKings sportsbook was launched in two additional states as per the protocols.
DraftKings has officially partnered with Penn National Gaming and Caesars to enter the other legal betting markets in the country.
Penn National Markets
Check below the legal US states where both online betting and retail sportsbooks of DraftKings are available.
|DraftKings Sportsbook States||Online Sportsbook||Retail Sportsbook||Physical location|
|Arizona Sportsbooks||Yes||yes||TPC Scottsdale|
|Colorado Sportsbooks||Yes||yes||Golden Mardi Gras Casino|
|Connecticut Sportsbooks||Yes||yes||Foxwoods Resort Casino|
|Illinois Sportsbooks||Yes||yes||Casino Queen|
|Iowa Sportsbooks||Yes||yes||All Wild Rose Casinos|
|Louisiana Sportsbooks||Yes||To be launched||To be launched|
|Maryland Sportsbooks||To be launched||To be launched||To be launched|
|Mississippi Sportsbooks||No||Yes||Scarlet Pearl Casino|
|New Jersey Sportsbooks||Yes||Yes||Resorts Casino|
|New York Sportsbooks||Yes||Yes||Del Lago Resort|
|New Hampshire Sportsbooks||Yes||No||N/A|
|Pennsylvania Sportsbooks||Yes||Yes||The Meadows Casino|
|West Virginia Sportsbooks||Yes||No||N/A|
DraftKings Sportsbook Provinces
Soon after single-game sports betting was legalized, DraftKings immediately launched its online and retail sportsbooks in many provinces.
DraftKings Canada is among the first sportsbooks initiated to provide online betting services in the Great White North.
DraftKings sportsbook in Ontario is live and accepts online bets. Now the Canadian bettors on the north border can easily access the DraftKings Ontario sportsbook and online casino.
The minimum age requirement is 19+ for new Ontario users. Very soon, Draftkings will be launched in Calgary and Vancouver!
Sign-up at DraftKings in Ontario and use SBD’s Promo Code to get exclusive welcome offers.
How to Sign Up at DraftKings?
Creating an account at DK’s Sportsbook is quite easy, instant, and straightforwards except for the bettors in Lowa.
You can register online via the official DraftKings website or by downloading the app. Either way, we guarantee you’ll have the ultimate online betting experience. It won’t take even 10 minutes to successfully create and activate your DraftKings account.
Make sure you have the following essentials ready before you rush to sign up at DK:
Unfortunately the Lowa bettors have to visit in person at various locations to verify your account. Keep in mind that you don’t need to create an online account to place bets at retail DK sportsbooks. Check below the three primary locations in Lowa:
Wild Rose Clinton ( 777 Wild Rose Drive; Clinton, IA 52732)
Wild Rose Emmetsburg (777 Main Street; Emmetsburg, IA 50536)
Wild Rose Jefferson (777 Wild Rose Drive, Jefferson, IA 50129)
Terms & conditions to sign-up
How to place bets at DK Sportsbook?
Once the sign-up process is completed, wagering on your sports, or casino games is an easy task. Whether you are using the mobile app or desktop; the online betting process remains the same. See, how does it work?
- log in to your account.
- Transfer the funds (minimum deposit of $5) to your account.
- Claim your welcome bonus offer.
- Select your favorite sports to bet on and choose the odds.
- Now, add a single or multiple bets on your bet slip.
- Confirm the bet and wait for the results to be declared.
If luckily you win, the winning payouts are instantly transferred to your DK account.
Banking Options at DraftKings:
Soon after you have completed the sign-up process, DraftKings offers a wide range of DEPOSIT methods. Thus making it easier for online and retail bettors in various states and provinces. Whether you are transferring or receiving funds from the DK, the process is easy, instant, and secure.
Although, DK offers limited Withdrawal options because of state laws and regulations. But you still have a handful of options to withdraw your winnings safely.
Be it Credit/Debit cards, PayPal, or pre-paid cards; All the payment methods are safe and reliable. The website uses SSL-encrypted technology to secure your online transactions and personal data. This is one of the major benefits of registering at legal betting sites
Also, DraftKings doesn’t charge any fees for making deposits or requesting withdrawals.
Note: For the players who already have logged in at DK sportsbook for wagering on DFS (Daily fantasy sports); we have great news for you!
you are eligible to use the winning payouts to bet on your preferred sports. Just make sure you have fulfilled the rollover requirements.
DraftKings Deposit Methods
When depositing on DraftKings, there are a few things that you must keep in mind:
- At DraftKings, bettors can set daily, weekly, or monthly deposit limits
- Make sure your selected payment method is registered by your name.
- Draftkings can deny your deposit request if found suspicious.
- The deposit methods may vary depending on your location and product.
To transfer the fund into a DraftKings account, you can download the app, visit the website or visit the retail DK sportsbooks. Check below the accepted deposit methods:
- Credit/Debit Cards (Visa, Discover, American Express, AMEX, and Mastercard)
- ACH e-Check Bank Transfer to instantly initiate funds via your checking account.
- Electronic Gift cards (Visa, MasterCard, Discover, or American Express gift cards)
- DraftKings Gift Cards (pre-purchased gift card)
- Wire Transfer/ Money orders via MVB are also accepted at DraftKings.
- PayPal; experts recommended an e-wallet option for secure transfers without sharing your banking details.
- Cash: Cash is accepted only in-person at DraftKings retail sportsbooks or land-based casino partners.
- Play+Precard (Accepted only for sports & Casino games).
VIP preferred e-check (Accepted only for sports & Casino games).
DraftKings Minimum Deposit
No matter which payment method you select to make deposits, the minimum deposit requirement at DraftKings is low to $5.
Whereas the maximum deposit limit for new users is $2,000.
How to make deposits at DraftKings?
Learn how to make deposits for daily fantasy sports, marketplace, Online casino & Sports:
- log in to your DK account.
- Select a convenient payment method from the deposit screen.
- Submit the required details to link your bank account/e-wallet etc.
- Now enter the amount.
- Confirm the payment.
Now, check the balance in your account, claim your welcome bonus and you are all set to wager online!
Withdrawal Options at Draftkings:
Check below the available withdrawal method along with the minimum and maximum limit.
|Method||Minimum Withdrawal||Maximum Withdrawal||Time to withdraw||DK Products|
|PayPal||$1||$60,000 ($15,000 in Australia)||3-5 Days||Casino, fantasy sports, sports, and marketplace|
|Check||$15||$50,000||Up to a week||Casino, fantasy sports, sports, and marketplace|
|Play+||N/A||$25,000||2-4 Days||Sportsbook & Casino|
|Online Banking||N/A||$100,000||3-5 Days||Sportsbook & Casino|
|VIP Preferred e-checks||N/A||$100,000||3-5 Days||Sportsbook & Casino|
|Wire Withdrawal||$20,000 first time withdrawal, $10,000 successive withdrawals||N/A||24-48 Hours||Casino, fantasy sports, sports, and marketplaces|
|Cage||N/A||$100,000||1 Hour||Sportsbook & Casino|
When withdrawing from DraftKings
- You may need to submit the ID proof and complete verification process if not done before.
- Pending bonuses or promotions are not eligible for withdrawals.
- You’ll receive an email from DK after your withdrawal request has been successfully approved.
- As per the banking policies of DK, Withdrawals are subject to getting canceled because of limited gameplay.
DraftKings Bonuses & Promotions
DraftKings offers incredible welcome bonus offers and promo codes for diehard online bettors. Whether you are a novice bettor or an existing bettor; you are guaranteed to get the best sign-up bonus, promo codes along with daily boosted odds. Trust us, these bonuses will benefit you in a long run!
DraftKings Sign Up Offer& Deposit Bonus
Currently, DraftKings offers a valuable welcome bonus of up to $1,000 for new users in all the legal states and provinces. See, how does it work?
DraftKings Matched Deposit Bonus:
The DraftKings sign up offer is quite simple with easy terms & conditions. This credible sportsbook will credit 20% of your deposit value up to $1,000 maximum. You need to make a deposit of $500 or above to get the maximum deposit bonus of $1000.
If you deposited $20, DK will credit a 20% match deposit bonus of $10 to your account.
How to claim the DK Deposit Bonus?
- Register your DraftKings account.
- Make an initial deposit of at least $5.
- The bonus amount will be automatically credited to your account.
Terms & Conditions:
- Welcome bonus is valid only for 30 days after signing up.
- DK Sportsbook promo code is not required to claim this offer.
How to withdraw your winnings acquired via deposit bonus?
DK sportsbook has high rollover requirements which can be a restriction for novice bettors. But still, with so many leverages and perks, it’s worth registering on DraftKings. The wagering requirement for the sign-up offer is 25X to obtain the winnings using this bonus amount.
That means a single dollar will be released for every $25 bet.
Keep in mind that you’ll have to place several bets up to $25,000 to fulfill this play-through requirement.
Exclusive Extra Bonus Offer: Get a Free Bet worth $50
Wait! Wait! DK Bonus offers don’t end here. Besides just a $1,000 sign-up offer, new bettors are also eligible for claiming a $50 free bet.
As soon as you made your first deposit, you’ll receive a free bet exclusive link. Just click on the link to claim your additional bet offer.
It’ll be immediately credited to your account without affecting your first deposit bonus
You can also get a similar Caesars Sportsbook promo code offer as first-bet insurance.
DraftKings Referral Bonus Offer
Do you know DraftKings is the only legal sportsbook that offers a referral bonus for regular customers.
All you need to do is invite your friends and colleagues through referral links. On every new account creates through your link, you’ll get up to $100 as free bet credits.
Just make sure they use only the personal referral links to register on the DK website or to download the app.
The referral bonus offer is simple to claim and is beneficial for you as well as your friend. You both will get a free bet equal to their first deposit value.
DraftKings VIP Program
DraftKings’ VIP and loyalty program is meant for all the high rollers and VIP customers. The more you wager, the more you’ll get exclusive offers, rewards, boosted odds, and other special perks such as:
Free entry to International Sports betting tournaments.
Live betting cashback offers.
These special offers and rewards aren’t meant for regular bettors. You have to wager a certain amount to become an elite member.
Need more details about draftking’s VIP program?
You can email your inquiry at: email@example.com.
Other DraftKings Promos & Bonus Offers
Daily Boosted Odds
Such bonus offers are applicable only on selected sports events. The benefit is higher payouts if luckily you win. Generally, they are valid for straight bets and props.
To check the offers, just navigate through the menu and select “ODDS BOOSTS”
For example, applying this bonus offer, you may see a shift in lines from +1400 to +1500, or +300 to +350. Well, that can benefit you in a long run.
Almost similar to boosted odds, profit boost tokens helps enhance your payouts if you win the bet. All you need to do is apply a Profit boost on your selection of bets.
Always keep in mind that profit boosts come with some restrictions and T&Cs. Complete the DraftKings Missions or becomes a high roller player to enable Profit boost offers on major sports events such as MLB, NFL or NHL, etc. You’ll get to see this offer at a 40% boost on any NHL selection or others.
At present, a profit boost offer is running on DraftKing’s website as
Bet $5, Win $200 on any MLB game: This offer is valid only for new DK Sportsbook users
With MLB Opening Day here, can get in the game by winning $200 on any MLB game (with a $5 bet).
DraftKings Missions and My Rewards Program
Visit the My Account section and then click on the “REWARDS” option. You’ll be able to see all the running promotions at the DK sportsbook that you are eligible for.
DK sportsbook will ask you to complete certain Missions such as wagering on Prop bets, Future bets at given odds or something similar. You’ll be rewarded with boosted odds, enhanced payouts, and much more!
Parlay bet is a selection of a minimum of 5 bets or more. DK Sportsbook offers parlay insurance of up to $25 on all the legs from specific sports events or International leagues.
The benefit is even if one leg fails of all the multi bets, you’ll get a refund as a free bet worth up to $25. Also, you can use this offer a maximum of four times a day!
Sport and Market-Specific Offers
Are you looking for sport-specific bonus offers and promo codes? We suggest keeping checking the My Rewards tab available in your profile section for exciting seasonal offers.
DraftKings sportsbook keeps updating the latest bonus offers and promotions on a daily, weekly, or monthly basis. These bonuses usually apply to local betting markets and give away free bet credits.
DraftKings also feature free-to-play contests for all the new and existing users. It doesn’t charge any fees for participating in its everyday contests such as“Sportsbook Daily Pools”.Grab the position on the leaderboard and you can win:
DraftKings New York Exclusive Bonus Offer
We have good news for all the New York bettors! DraftKings Sportsbook New York accepts wagers and offers bonuses up to $1,050 free. All you need to do is complete the registration process and it is by default credited to your account.
DraftKings Louisiana Promo Codes:
Just create your account at DraftKings Louisiana sportsbook, and you’ll immediately receive the special bonus offer. Besides this, you’ll also get
You can use the bonus amount to place bets on any of the available sports in your state.
Our Final Review on DraftKings’ Bonuses
In a nutshell, dozens of promotional offers, reload bonuses, free bets, and other perks keep appearing throughout your journey.
Don’t worry! DK has everything to offer for every kind of bettor. Bear in mind that bonus offers may vary depending on your state or province.
DraftKings promo codes come with certain T&C’s and wagering requirements. Always check before you claim!
DraftKings’ sports betting apps provide the best online betting experience. The mobile-first design makes it easy for the new bettors to place their bets from iOs and Android devices.
Whether it’s about exclusive bonuses, revenue, and juices; the DraftKings sportsbook app gives us every reason to download it. DraftKings app provides smooth navigation and a great selection of online games.
Besides fantasy sports, the app also features DraftKings casino with a huge library of online casino games. The DraftKings app is legal and available to be downloaded in
How to download the Drafftking App?
The advantage is, that there is only a single DK app for all the legal states of the USA. So it is convenient and reliable for online bettors.
Our Ratings & Review for Draftsking Sport betting App
DraftKings Online Sportsbook
Unlike other legal sports betting sites, you’ll get a huge variety of betting options as well as competitive odds on each sports event.
We are genuinely impressed with the unique betting market and live betting features.
Draftkings is among the few sportsbooks across the globe that features Flash Bet; a unique live betting feature.
DK online Sportsbook allows you to wager on your favorite sports by downloading the app or visiting the official website. The user-friendly app makes it easier for bettors to place bets.
The only drawback is vig and bookmaker fees are comparatively higher than other legal sportsbooks.
Which Sports can you bet on at DraftKings?
As you know, DraftKings is based in the US, so the betting market currently focuses on North American sports. DK Sportbooks is the gaming partner of the NHL in the US. Besides this, you can also bet on an extensive selection of daily fantasy sports college sports, and international sports leagues. Check below the available sports betting options at DraftKings:
All these sports are easily accessible to all the bettors in all the legal US states and provinces. Keep in mind that bettors from New Jersey and New Hampshire cannot place bets on college sports or university sports.
Type of bets you can place
You’ll find an excellent range of wagering options at DK Sportsbooks. DK also offers high odds and lines for distinctive markets such as halves, quarters, and periods. Betting options may vary depending on the sports and location. Here is the list of standard betting options:
Why you should bet on DraftKings?
- Newcomers can place small bets on almost all the popular sports events as per their bankroll. It can be as low as 10 cents.
- DK sportsbook offers the hybrid option for bettors who wish to merge DFS (Daily Fantasy Sports) and sports betting,.
- An extensive selection of stat-related propositions/ future bets parlays to choose from.
- Competitive odds & lines for all the major sports leagues.
Live betting with Draftkings
Draftkings offers you the opportunity to enhance your Live betting experience with unique features. Register at DraftKings to enjoy the new era of live betting sessions. Below are the special features that you need to know:
Cash out Early: As soon as you realize you are on the losing streak. Cash-out early helps withdraw your bet (parlays, propositions, etc.) any time before the results are announced.
DraftKings Flash bet: Originally developed for tennis, Flash bet is the fast-paced version of live betting. This feature allows you to wager quickly on the exact moment using embedded graphics. You can bet on almost anything and everything from any snap, pitch, and point.
Draftkings Betting Carousel: This Netflix-like interesting feature uses your recent wagering history and serves the lines based on your preferences.
Microbetting: After signing an agreement with Simple bet; DraftKings allows you to use the Micro betting feature, so you can place bets on individual moments such as pitch or at-bat in NBA, NFL, MLB, and others
Being a prestigious market leader in the online gambling industry, DraftKings only promotes responsible gambling. DK believes in transparency; nothing is hidden from the customers. You can easily track your previous transactions and seek professional help if you feel like getting addicted to gambling.
Even if you are losing self-control or know someone who is going through such a crisis you can simply contact the DK’s counseling and referral services.
Call :1-800-GAMBLER (1-800-426-2537) (IL); 1-800-GAMBLER (NJ/WV/PA/MI), 1-800-9-WITH-IT (IN), 1-800-522-4700 (CO), 1-800-BETS OFF (IA), 1-888-532-3500 (VA) or call/text TN REDLINE 1-800-889-9789 (TN). 21+. NJ/PA/WV/IN/IA/CO/IL/TN/MI/VA only.
FAQs about DraftKings Sportsbook
Once you have successfully placed the bet,
- Click on the ‘My Bets’ section.
- Select the yellow Cash Out button.
- Click to Confirm.
- Finally, Payouts are immediately credited to your respective bank account.
Generally, DraftKings charges nearly 10 percent of your winnings and money the bettors pay to participate in any sports tournament.
Well, the minimum deposit requirement on DraftKings is $5 and you’ll receive a first deposit bonus of up to $500. It is quite affordable for low to high rollers to access the available sports.
According to the information we received on the FAQ section of DraftKings sportsbook, they usually process the withdrawals on working days i.e. Monday-Friday from 9 AM ET to 5 PM ET.
It may take about 2-7 business days for your payout to reflect in your bank account. You may also request note checks which may take up to a week to deliver.
The minimum withdrawal limit is $600. If somehow you managed to win $600 or more playing fantasy sports; it’s the legal obligation of Draftkings or other such sportsbooks to report to the IRS a Form 1099-MISC.
The form contains all your net earnings from the existing calendar year.
Yes, of course, you can access DraftKings from the Unites states and place bets with real money. Just make sure the sportsbook is legal in that specific state.
Our Final Verdict
Based on our analytical research and review, Draftkings sportsbook is legal in most of the US states. In this DraftKings Sportsbook Review, we have already disclosed the list of all legal states with both online and retail sportsbooks.
This renowned brand is expanding to all the possible betting markets where single-game sports betting has been legalized by the US government. This incredible betting platform has everything to offer for new to experienced bettors.
So, choose to wager on a diverse range of live betting sports, fantasy sports, or DraftKings casino games. sign-up today at Draftkings official website or download the app for excellent welcome bonus offers worth up to $1,050 and daily boosted odds!