DraftKings Review
Good live betting section
Offers same-game parlays
User-friendly interface
Bet $5, Get $200
Covers BetSmart Rating:
Bonuses & Promotions
Banking & Payout Speed
Key Features
Security & Trust
Customer Support
User Experience
Betting Odds
Payout Speed:
1-3 days
Deposits & withdrawals
Why DraftKings?
Good live betting section
Offers same-game parlays
User-friendly interface
Payout Speed:
1-3 days
Covers BetSmart Rating:
Covers BetSmart Rating:
Deposits & withdrawals
Hits and misses
Given the new online sports betting landscape in the United States, large bonuses can appeal to potential new clients. DraftKings has a few great offers worth checking out.
Sign-up bonus
New DraftKings Sportsbook customers who have yet to wager with the betting site qualify for its bet $5, get $200 in bonus bets sign-up offer.
Make a first-time deposit of $5 or more, place a wager of $5 or more on the sports market of your choice, and win or lose, DraftKings will credit your account with $200 in bonus bets instantly. You also get to keep the cash winnings from your original wager. The applicable bonus bets come packaged as eight (8) $25 bonus bets, allowing to line up multiple follow-up wagers within the seven-day window.
Loyalty program
Registered bettors and newcomers alike are eligible to join DraftKings' Dynasty Rewards program. The system is tiered, with the rewards increasing in value the more 'crowns' — DraftKings' version of points — a user accumulates. One crown can be earned for every $2 placed on a sports wager.
Ongoing promotions and bonuses
DraftKings will often present boosted lines for selected markets, and these can cover different sports and leagues, including the NFL and NASCAR Cup Series. You will have to opt-in from the promotions page and place the featured bets to qualify. If successful, some boosts can add up to $250 to your total payout.
DK Squares
For those NFL bettors looking for a different type of wager, DraftKings has repurposed the popular Superbowl squares concept. Simply predict what you think the score will be and choose the corresponding square. This is available for every NFL game.
Promo code
There is no DraftKings promo code required to claim the sportsbook's current welcome offer. Before, sign-up bonuses almost always needed promo codes. Now, registering and making an initial deposit is enough.
Deposit options
Banking is simple and straightforward at DraftKings. There are multiple options available for deposits, and security is never a concern. DraftKings is one of the most popular PayPal betting sites (U.S.) in North America.
| Deposit Method | Fee | Process Time | |
|---|---|---|---|
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Free | Instant | $5 |
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Free | Instant | $5 |
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Free | Instant | $5 |
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Free | Instant | $5 |
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Free | Instant | $5 |
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Free | Instant | $5 |
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Free | Instant | $20 |
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Free | Instant | $20 |
Withdrawal options
You can withdraw your winnings from the account at any time through most of the same methods. DraftKings has a casino partner in each state that gives bettors the freedom to withdraw in person.
| Withdrawal Method | Fee | Process Time | |
|---|---|---|---|
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Free | 1-3 Banking Days | $20 |
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Free | 1-3 Banking Days | $20 |
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Free | 1-3 Banking Days | $20 |
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Free | 1-3 Banking Days | $20 |
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Free | 1-3 Banking Days | $20 |
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Free | 3-7 Banking Days | $20 |
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Free | 1-3 Banking Days | $20 |
DraftKings has a complete online sportsbook where users can bet real money on pre-match and live events. It is also adding new features that are successful on other betting sites.
Live betting
The most popular sports betting feature available online is live betting — and DraftKings' live betting section is excellent. Here, users can check out markets for games in progress and view updated odds immediately. Additionally, DraftKings usually has an entire range of prop bets for major live sporting events.
Live streaming
DraftKings has been working on offering its users live streaming for sporting events for years on its fantasy section. Now, the sportsbook has added live streams for several leagues around the globe. However, the feature is still in its early stages, and only some locations have agreed to let the operator stream the action on the site.
Daily Fantasy
DraftKings is a market leader in DFS contests, so it's no surprise to see the operator's 'Daily Fantasy' section featured prominently on its website. Users can pick from many contests across a variety of standard sports and esports contests. The entry fee can range from $1 to over $5,000, so there is always something running for just about any interested bettor.
Player-centric betting
Customers can access "player pages," which show all of the player prop markets available for a single player. Both head-to-head wagers and same-game parlays are easily accessible from this page, which currently covers NBA, MLB, and NHL.
Early cash out
Sports bettors can find DraftKings' cash-out feature in many markets, as the sportsbook has made this option more widely available as of late. Early cash out allows users to settle bets before matches reach their natural conclusions. It is a great way to guarantee winnings or limit losses.
Casino
The DraftKings Casino comes with an impressive range of games from renowned developers. It is only available for players in states with legal online casino gambling and can be accessed from the same account. The casino lobby hosts hundreds of popular slot games, along with live dealer options and a few DraftKings exclusives.
Only available in: CT, MI, NJ, PA, and WV
Same-game parlays
DraftKings offers popular same-game parlays on numerous sports, including football and baseball. To place a bet, locate a game that has a '+SGP' icon in its top-left corner, then toggle on 'Same Game Parlay' to view the available bets. From there, users can build their parlays and add them to their bet slips.
The DraftKings Sportsbook app is impressive. It is available on both Android and iOS platforms, and users can get a link to download the mobile betting app from the DraftKings website. Once installed, the sports betting app will present all the same sports and markets with a mobile-friendly interface. You can add bets with just a few taps, and the menu at the bottom provides easy access to the different sections. Of course, DraftKings uses geolocation software to ensure that mobile bettors remain within state borders.
DraftKings operates under the supervision and regulation of several state authorities. The sportsbook operator is licensed in more than a dozen U.S. states and is only available within the borders of these jurisdictions. The DraftKings website uses state-of-the-art 256-bit encryption for the best online security.
New Jersey (DGE)
Colorado Division of Gaming
Michigan Gaming Control Board
Indiana Gaming Commission
West Virginia Lottery Commission
Virginia Lottery
Pennsylvania Gaming Control Board
NH Lottery
Iowa Racing and Gaming Commission
Tennessee Sports Wagering Advisory Council
Illinois Gaming Board
Arizona Department of Gaming
Connecticut Department of Consumer Protection
Wyoming Gaming Commission
Louisiana Gaming Control Board
New York State Gaming Commission
Kansas Racing and Gaming Commission
Ohio Casino Control Commission
Maryland Lottery and Gaming
Massachusetts Gaming Commission
DraftKings' dedicated customer support team is very helpful and knowledgeable. The website's contact page has a form for quickly sending messages, and the team usually responds promptly. You can also email the staff directly, start a live chat from the window in the corner, or request a callback. Customer support is available around the clock.
- Live chat available 24/7
- Email: sportsbook@draftkings.com
- Phone: Callback request
- Support languages: English
- Twitter: @DKSportsbook
There's a reason DraftKings is often regarded as one of the sports betting industry's premium platforms. The sportsbook doesn't rely on brand recognition and its success in the DFS space — it delivers a great product to its customers. Here are some highlights:
Reliable and trustworthy
The DraftKings website is secure, and the operator is known for being reliable. It pays withdrawals on time without issue, and users must verify their location and identity before placing any bets.
DraftKings also stepped up to the plate with respect to problem gambling. Its recently announced State Council Funding Program provides financial assistance — $15,000 per year for three years — to state councils across the United States.
Everything from one account
In states that allow it, DraftKings users can enjoy daily fantasy sports, bet on real sporting events and even play online casino games for real money. All of this is possible using the same account balance.
DraftKings review: Quick facts
| DraftKings Promo Code | No code - Claim now |
| Welcome bonus | Bet $5, get $200 in bonus bets |
| Minimum deposit (welcome bonus) | $5 |
| Minimum wager (welcome bonus) | $5 |
| Wagering requirement (welcome bonus) | 1x |
| Mobile app | Yes (iOS and Android) |
| Online casino | Yes (only in CT, MI, NJ, PA, and WV) |
| Odds provider | SBTech |
| Payout speed | 1-3 days |
| States with legal access to DraftKings | 21 |
| Live betting | Yes |
| Early cash out | Yes |
| Same-game parlays | Yes |
| Live streaming | Yes |
DraftKings review FAQ
Yes, DraftKings is one of the most legitimate real money sportsbooks available online. DraftKings operates under the supervision and regulation of relevant state authorities.
Yes, you can join DraftKings and bet real money if you are located in a state where it is legal.
Yes, you are eligible to claim a "bet $5, get $200 in bonus bets" welcome bonus when you register with DraftKings Sportsbook.
DK Squares is similar to Super Bowl squares, in which a winner is determined at the end of each quarter, plus the final game score. The winner is based on looking at the last number in each team's score and matching it to the DK Squares grid for that game.
Yes, the DraftKings Sportsbook app is perfect for mobile bettors. The app includes all of the sportsbook's top features, including live betting.
No, Bitcoin is not one of the supported payment methods at DraftKings.
Yes. It is a complete sportsbook where bettors can legally withdraw their winnings. There are several options available for cashing out.
DraftKings withdrawals are normally processed within one or two business days. It can take a few more days for the funds to reach your bank account.
The site has a Contact Us page with all the needed information for reaching the support team. There is a message form, a live chat button, an email address, and even a form for requesting a callback.
Yes, but only in five states: Connecticut, Michigan, New Jersey, Pennsylvania, and West Virginia.
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Joshua Howe is a sports betting editor at Covers, helping make smarter sports bettors since 2021. The experienced writer and editor has reviewed over 20 sportsbooks and has been placing his own wagers for three years and counting. He prefers FanDuel for its sleek app design and variety of NBA markets.
