DraftKings Sportsbook Review: Complete Guide to DK for 2024
Get the comprehensive review for DraftKings. FanNation's experts outline the sportsbook's functionality, pros & cons, standout features, and a top welcome bonus.
DraftKings is obviously a well-known brand that has established itself as one of the best sportsbooks in the industry. But still, there may be some things that most people don't know about the platform, and that’s why we’re bringing you this DraftKings Sportsbook review.
We’ll touch on everything related to the betting destination, from legality and launch date to sign-up bonuses and the mobile app, as this is also a DraftKings app review. Speaking of those sign-up bonuses, if you use any links in this article to create a new account, you’ll get started with a new-user $150 welcome bonus.
🗒️ DraftKings Sportsbook Review
To put it simply, DraftKings is a top betting destination in the United States. It all starts with their aforementioned $150 welcome offer, which comes with $150 worth of bonus bets. So that’s what our DraftKings review today will lead off with.
As we highlighted before, you can sign up here ✍🏼 for a new account to automatically unlock your reward of $150 worth of bonus bets no matter what. Once your account is all set up, you can explore some of the most competitive betting odds and lines available.
You can take advantage of these odds with multiple betting markets and options, such as a Same Game Parlay or No Run First Inning (NRFI) in MLB. These aspects combined, along with the other great benefits of DraftKings, have made for a phenomenal user experience on their platform.
Stick with us as we continue to dove into the ins and outs of DraftKings Sportsbook with our DraftKings review for 2024. However, if you want to get started, USE THIS LINK 👈🏼 or any other link in this article to create a new account now.
🎯 Features | 4.9/5 | Live betting, daily fantasy (DFS), casino and more |
🔒 Security | 4.9/5 | Licensed and regulated in over a dozen states |
📱 Website & Mobile App | 5/5 | Easy-to-use platform on both mobile and PC/laptop |
💲 Promotions | 4.8/5 | Guaranteed $150 bonus for new users upon $5 bet |
🤝 Ease of Payouts | 4.7/5 | Winning funds are credited almost instantly |
📞 Customer Support | 4.8/5 | Get ahold of customer service a number of different ways |
⭐ Overall Rating | 4.9/5 | One of the best sportsbooks in the industry |
💲 DraftKings New Customer Welcome Offer
If you want to join DraftKings, their welcome bonus is second to none. Here's everything you need to know:
- Only first-time DraftKings Sportsbook members are eligible
- Must be at least 21+ years of age
- Must reside in a participating state: AZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, WY [18+] or WV
- Make an initial deposit of $5+ when you sign up for a NEW account.
- Place a $5+ wager on any available market
- Regardless of the result, your account will be credited with $150 in bonus bets
- Bonus issued as a bonus bet token that is deposited upon qualifying wager settling
- Bonus bets expire after seven days of issuance
- Qualifying wager cannot be placed using odds boosts or profit boosts
🎯 DraftKings Best Features
We must begin our DraftKings review by mentioning a few of their key features. These aspects help DraftKings stand out in the world of sportsbooks and can all be taken advantage of by both new and existing users.
💰 Same Game Parlays
What has become one of the most popular bet types, Same Game Parlays allow you to place multiple wagers within the same game. For example, in a football game, you could select the over/under on a player’s passing, the over/under on the game total and an outright winner. These combined odds offer a much higher payout than a standard bet.
⚡️ Live Betting
Live betting is also among the popular betting options available at DraftKings. You can place wagers on an ongoing event because the odds update throughout the contests. If you happen to be watching a game and feel like it might start to go a certain way, you can bet on an outcome that provides what you’d like.
🎰 Casino
DraftKings Casino is one of the best online casinos available, although it’s only available in select states. But, if you are within CT, MI, NJ, PA or WV, you can play all your favorite table games after taking a turn with some of the hottest playable slot machines.
🏈 Daily Fantasy Sports (DFS)
DraftKings began as a brand centered around Daily Fantasy Sports, and they still offer that option even though the sportsbook has now taken off. You’ll be able to play fantasy games and enter contests on the same platform you place your bets on.
⛹🏼♂️ Player Prop Betting
Most leading sportsbooks offer bets on player props, but no one does it quite like DraftKings. They have a specific betting page dedicated exclusively to player props related to the NFL, NBA, MLB, NHL and more. They also consistently supply some of the most competitive odds and lines available on these player props.
🏦 Cash Out Functionality
Something that many users take advantage of at DraftKings Sportsbook is the ability to cash out a bet early before it’s finished. If the team you bet on is starting to lose, you can cash out to get a portion of your money back. And if they’re starting to win, you can cash out to get a partial payout if you don’t want to risk a loss when it’s all said and done.
✅ Pros & ❌ Cons of DraftKings
Pros
- ✅ Spectacular mobile apps for both iOS and Android
- ✅ Vast array of betting markets
- ✅ Legal and reputable sportsbook
- ✅ Top-of-the-line customer service
- ✅ User-friendly design makes it a choice for both seasoned and new bettors
Cons
- ❌ Odds boosts have a low maximum bet limit
- ❌Could do a better job updating odds for live betting
How to Place a Bet With DraftKings
- CLICK HERE to create a new DraftKings Sportsbook account.
- After registration, make an initial deposit ($5+ to qualify for the sign-up bonus).
- Find a desired betting selection and tap the odds to add it to your bet slip.
- Go to your bet slip and enter a dollar amount ($5+ to qualify for the sign-up bonus).
- Tap ‘Place Bet’ to place your wager and watch it play out.
DraftKings Products
📱 DraftKings Mobile App
Ranking as one of the best mobile apps in the industry, our DraftKings app review notes that it is designed exclusively for the user experience. They have a mobile app available for both iOS and Android, so you’ll be able to get in on the action no matter what device you own.
💻 DraftKings Website
Also ranking high on the best betting sites list, the DraftKings Sportsbook website is also designed with users in mind, and its sleek layout proves just that. Everything is just a simple click away on the DraftKings website.
🎰 DraftKings Casino
We touched on DraftKings Casino once already, but we’ll highlight it again. For users that reside in a participating DraftKings Casino state, they’ll be able to enjoy both sports betting and casino gambling on the same platform.
🏀 DraftKings Daily Fantasy (DFS)
Another aspect we’ll touch on yet again is DraftKings Daily Fantasy Sports (DFS) option. This is the area DraftKings got its start, and they continue to allow members to play DFS while still betting on sports or at the casino.
👥 Existing User Features
⚡️ Daily Odds Boosts
Existing users at DraftKings Sportsbook will experience the chance to earn a boosted payout every day with DraftKings odds boosts. They come out with these almost every day, so you’ll be sure to catch an odds boost for something you like.
👥 Refer a Friend
The process of Refer a Friend is simple: you invite someone to create an account at DraftKings through an exclusive link. When they do so, you’ll each get a $50 bonus bet in addition to $50 in casino credits.
📈 Bids by DraftKings
A bit lesser known than the two previous features we outlined, Bids by DraftKings is still an integral part of their platform. You can auction on or off virtual trading cards, which essentially makes this aspect a game inside the game.
🔢 Betting With DraftKings
As we work our way through this DraftKings Sportsbook review, it’s important to detail certain facts surrounding the brand. Whether it’s their latest new-user promo, legality or anything else, the table below should help you out if this DraftKings review is getting a bit overwhelming.
🔥 DraftKings Welcome Bonus | |
🖊️ Wagering Requirements | $5 |
➖ Minimum Deposit | $5 |
➕ Maximum Deposit | N/A |
⚡ Payout Speed | 1-3 Days |
⚖️ Legal States | AZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, WY (18+) and WV |
📆 Founded | 2012 |
📊 What Markets Can You Bet on With DraftKings?
We also want to cover some of the various betting markets in this DraftKings Sportsbook review. You can bet on virtually anything at DraftKings, but one that gets a lot of attention is the No Run First Inning in MLB, while during the NBA season, first basket scorer is typically bet on quite a bit.
Of course, when the NFL comes around, sports bettors are eager to place bets on certain touchdown scorers. Make sure you review the latest Super Bowl odds when you join DraftKings today.
🏟️ Sports Covered by DraftKings
📍 Where is DraftKings Legal?
This DraftKings review wouldn’t be complete without laying out the states where DraftKings is legal. Below, you’ll find a list of states in which DraftKings Sportsbook currently operates:
- Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia or Wyoming
🏦 DraftKings Banking Options
💰 DraftKings Withdrawals
Our DraftKings Sportsbook review is also going to point out the various withdrawal options available to users. It is worth noting that DraftKings Sportsbook does not yet accept cryptocurrency as an accepted withdrawal method.
- Venmo
- PayPal
- Online Banking
- Check
- Debit Card
The quickest withdrawal methods come via Venmo and PayPal, as you can receive your money in one to two days. Online banking and debit card withdrawals should complete in two to four days, while a check can arrive in 10 days. All withdrawals have a $1 minimum outside of a check, as you must withdraw at least $15,
🧾 DraftKings Deposit Methods
If our DraftKings review includes withdrawal methods, then it only makes sense to also include deposit methods. Again, DraftKings Sportsbook doesn’t yet accept cryptocurrency as an available deposit option, either.
- Online Banking
- Credit or Debit Card
- PayPal
- ACH eCheck
- Play+ Prepaid Card
- Wire Transfer
- DraftKings Gift Card
- Venmo
- Apple Pay
All deposit methods have a $5 minimum outside a wire transfer, which comes with a $100 minimum. There is not a maximum deposit at DraftKings.
☎️ DraftKings Customer Service
To round out and finalize our DraftKings Sportsbook review, we’ll briefly outline some details regarding their customer support team. They’re one of the best customer services of any sportsbook and are eager to help their members solve any issues they may incur.
- Live Chat: Available 24/7 on the app/website
- Email: sportsbook@draftkings.com
- Phone Number: 1 (855) 357-2377
- Twitter/X: @DK_Assist
- Website: https://help.draftkings.com/hc/en-us
❓ FAQs
❓ Can I Play DraftKings on my Phone or Computer?
Yes, you can play DraftKings on both your phone and computer. They have a great mobile app for iOS and Android users and a fantastic website for those who prefer the computer.
❓ How do I Download the Android App for DraftKings?
To download the DraftKings Sportsbook app on Android after reading our DraftKings app review, launch the Google Play Store and search for DraftKings. Once the app pops up, tap ‘install’ to download it, and once it’s downloaded, launch it to begin wagering.
❓ Is DraftKings Safe to Use?
Yes, DraftKings is legal and 100% safe to use. They’ve been around for years and are a licensed and regulated entity in the sports betting world.
❓ Do I Need to Report my DraftKings Winnings on my Taxes?
You’re only obligated to report your DraftKings earnings on your taxes if they exceed $600.
❓ What Age Do I Need to be to Use DraftKings?
All users of DraftKings Sportsbook must be at least 21 years old to sign up.
Enjoyed this article? Further enhance your betting experience with our guides, handpicked for you:
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