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DraftKings Review

Written by: Christian Stringer, Betting Editor Fact checked by: Brandon DuBreuil, Head of Content
Last Updated Apr 14, 2025, 8:03 AM ET
Fact Checked
Brandon DuBreuil has ensured that facts presented were obtained from reliable sources and are accurate.
DraftKings logo
Flag of the United States
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4.5/5
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Best mobile app

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Supreme navigation

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Best for grading winners

Sign up bonus

Bet $5, Get $200 Instantly
New customers only. Deposit min. $5. Place first bet of min. $5 and get $200 in bonus bets.
Bet Now
DraftKings logo

Bet $5, Get $200 Instantly

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Covers BetSmart Rating:

Bonuses & Promotions

4.6/5

Banking & Payout Speed

4.6/5

Key Features

4.8/5

Security & Trust

4.9/5

Customer Support

4.5/5

User Experience

4.8/5

Betting Odds

4.4/5

Payout Speed:

dollar sign icon

Within 24 hours

Deposits & withdrawals

visa Logo mastercard Logo maestro Logo skrill Logo paypal Logo playplus Logo echeck Logo cash Logo cheque Logo online_banking Logo wiretransfer Logo
DraftKings logo
Bet Now

Sign up bonus

Bet $5, Get $200 Instantly
New customers only. Deposit min. $5. Place first bet of min. $5 and get $200 in bonus bets.

Why DraftKings?

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Best mobile app

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Supreme navigation

checkmark icon

Best for grading winners

Payout Speed:
dollar sign icon

Within 24 hours

BetSmart Logo Covers BetSmart Rating:
Overall Rating:
4.5/5
BetSmart Logo Covers BetSmart Rating:
4.5/5
Bonuses & Promotions
4.6/5
Banking & Payout Speed
4.6/5
Key Features
4.8/5
Security & Trust
4.9/5
Customer Support
4.5/5
User Experience
4.8/5
Betting Odds
4.4/5
Deposits & withdrawals
visa Logo mastercard Logo maestro Logo skrill Logo paypal Logo playplus Logo echeck Logo cash Logo cheque Logo online_banking Logo wiretransfer Logo

    DraftKings Sportsbook Review

    In this DraftKings review, I will explain from a user's perspective why DraftKings maintains one of the industry's easiest sports betting app to navigate.

    Drawing on my experience conducting over 30 betting site reviews, I'll showcase why DraftKings cements itself on our list of top betting sites.


    Quick facts: DraftKings review

    💰 Welcome bonus Bet $5, get $200 instantly
    ⭐ Top feature  Best for grading winners
    🏅 Covers BetSmart rating 4.7/5
    🏧 Minimum first deposit $5
    📱  Mobile app Yes (iOS and Android)
    🎰 Casino CT, MI, NJ, PA, WV
    🔮 Odds provider SBTech
    🕒 Payout speed Within 24 hours
    📍 Available states AZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NC, NH, NJ, NY, OH, OR, PA, TN, VT, VA, WI, WV, WY
    ✅ Live betting Yes 
    ✅ Early cash out Yes 
    ✅ Same-game parlays Yes 
    ❌ Live streaming Limited

    Pros and cons

    Covers hit icon
    Process withdrawals in as little as 12 hours
    Covers hit icon
    User-friendly interface
    Covers hit icon
    Excellent live betting
    Covers hit icon
    Secure banking transactions
    Covers hit icon
    Over 20 betting markets available
    Covers miss icon
    No search function on desktop
    Covers miss icon
    Unpredictable cash out offers
    Covers miss icon
    Restrictive promotions for existing users
    Covers miss icon
    Low maximum bet limits for odds boosts
    Covers miss icon
    Limited live streaming

    DraftKings bonuses and promotions

    4.6/5

    With the new online sports betting landscape in the United States, the best sportsbook promos that appeal the most to me have low deposit and wagering minimums that carry minor playthrough requirements. DraftKings has a few great offers that I strongly recommend checking out, and none require a DraftKings promo code during the registration process.


    DraftKings sign-up bonus: Option 1

    If you have yet to wager with DraftKings Sportsbook, you qualify for $200 in bonus bets.

    Make a qualifying deposit of at least $5 and place a $5 wager on any sports market, and DraftKings will credit your account with $200 in bonus bets if your wager wins. The bonus will arrive as eight $25 bonus bets. That's in addition to any cash winnings earned from your original bet. 

    I found this promotion to provide solid value. Essentially, DraftKings is giving you a guaranteed bonus regardless of the outcome of your first bet. This offer expires on May 18, 2025, at 11:59 p.m. ET.

    DraftKings sign up bonus DraftKings sign up bonus


    DraftKings sign-up bonus: Option 2

    Alternatively, you can elect for a 20% deposit match of up to $1,000 welcome offer. Though this promo is also quite lucrative, you must make an initial deposit of $5,000 and wager a total of $25,000 to maximize the full potential of this offer. If you do choose this welcome bonus, DraftKings will release your bonus in $1 increments each time you wager at least $25 on any market with -300 odds or longer. 


    DraftKings loyalty program

    You can join DraftKings' Dynasty Rewards program as a longtime bettor or a newcomer. This loyalty program operates on a tiered system, with the rewards increasing in value as you accumulate more 'crowns' — DraftKings' version of points. You can earn one crown for every $2 you place on a sports wager.

    Progressing from tier to tier was more difficult than I anticipated, leading me to believe the Dynasty Rewards Program may be better suited for bettors with larger bankrolls, making it among the best sportsbook rewards programs in 2025.


    Ongoing promotions, bonuses, and boosts

    DraftKings will often present boosted lines for selected markets, and these can cover different sports and leagues, including the NBA and NCAA March Madness. 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.


    Happy Hour Boost 

    'Happy Hour Boosts' are available for a wide range of sporting events. Be sure to check DK's promos after 5 p.m. ET to score a variety of exclusive bonuses for a more lucrative payday.

    While this promotion provides solid value, I found that the maximum wager on odds boosts to be very limited. Having your bets capped ultimately reduces the overall upside of the offer. 


    DK Squares

    For those NFL bettors looking for a different type of wager, DraftKings has repurposed the popular Super Bowl squares concept. Simply predict what you think the score will be and choose the corresponding square.

    This feature is available for many major sports league games, and I found it to be one of the most entertaining betting options on DraftKings. 


    DraftKings referral bonus

    Encourage friends who haven't signed up on DraftKings to register and score a DraftKings referral bonus. You'll both benefit when they deposit a minimum of $25, with you receiving $25 and the maximum potential reward reaching $100.


    DraftKings promo code

    You do not need a DraftKings promo code to claim the sportsbook's current welcome offer. I was able to simply register and make a $5 deposit and wager to activate the promotion.


    DraftKings bonus comparison

     
    DraftKings logo
    DraftKings
    FanDuel logo
    FanDuel
     Caesars Sportsbook logo
    Caesars Sportsbook
    BetMGM logo
    BetMGM
    Welcome bonus Bet $5, Get $200 Instantly Bet $5, Win $200 Double Your Winnings (10x) $1,500 First Bet Offer
    Promo code Not required Not required COVERSBONUSDYW CVRBONUS1500
    Bonus type  Bet and get Bet and get Bet and get Bet and get
    Bonus form eight $25 bonus bets $200 in bonus bets 10x 100% profit boosts, each worth up to $2,500 $1,500 in bonus bets
    Wagering period 7 days 7 days 14 days 7 days
    Min. deposit $5 $5 $10 $10
    Covers BetSmart Bonus Rating ⭐ 4.6/5  ⭐ 4.9/5 ⭐ 5/5 ⭐ 4.8/5

     

    See more sportsbook promos in your state:
     

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    DraftKings deposits and withdrawals

    4.6/5

    Deposit options

    I appreciate the convenience of banking at DraftKings, which lands on our list of the best betting sites for deposit and withdrawal options, ensuring straightforward transactions. Deposit methods include credit cards — like Visa and Mastercard— debit cards, PayNearMe, eCheck, wire transfers, and more.

    One of the great things I've noticed is that DraftKings is one of North America's most popular PayPal betting sites, which adds an extra layer of convenience for me. I used my PayPal account for transactions, making the process even smoother.

    While I would love for DraftKings to join our list of crypto sportsbooks, I can't fault the operator for missing a feature very few betting sites offer.

     

    Deposit Method Fee Process Time
    visa Logo Free Instant $5
    mastercard Logo Free Instant $5
    maestro Logo Free Instant $5
    skrill Logo Free Instant $5
    paypal Logo Free Instant $5
    playplus Logo Free Instant $5
    echeck Logo Free Instant $20
    cash Logo Free Instant $20

    Withdrawal options

    When it came to withdrawing my winnings, I had no issues at all. I was able to do so at any time through most of the same methods I used for deposits. This flexibility is a significant advantage, and I appreciated having the freedom to manage my funds according to my preferences.

    Moreover, I've found that in addition to its online betting site, DraftKings operates retail sportsbooks in many states, allowing bettors like me to withdraw in person. This option provides an added level of comfort and assurance, knowing that I can handle my withdrawals more personally if I prefer.

    Withdrawal Method Fee Process Time
    playplus Logo Free 1-3 Banking Days $20
    online_banking Logo Free 1-3 Banking Days $20
    wiretransfer Logo Free 1-3 Banking Days $20
    paypal Logo Free 1-3 Banking Days $20
    echeck Logo Free 1-3 Banking Days $20
    cheque Logo Free 3-7 Banking Days $20
    cash Logo Free 1-3 Banking Days $20

    DraftKings key features

    4.8/5

    At DraftKings, you have access to a complete online sportsbook where you can bet real money on both pre-match and live events. DraftKings has been recognized in the industry with multiple awards, including the '2023 Sports Betting Business of the Year' by the Fantasy Sports & Gaming Association (FSGA). 

    I'm excited to see that the platform is continually adding new features that have been successful on other betting sites. Here are some of the standout qualities at DraftKings. 

    Live betting

    Live betting is one of the most popular online sportsbook features, and DraftKings' Live In-Game' betting section is excellent. You can immediately check out markets for games in progress and view updated odds. Additionally, DraftKings offers a wide range of prop bets for major live sporting events, which adds to the excitement of live betting.

    Exclamation mark icon See how DraftKings' 'Live In-Game' section stacks up to FanDuel's 'Live now' in our FanDuel vs DraftKings comparison.

    Live streaming

    I was pleased to discover that DraftKings has been working on offering live streaming for sporting events. Although this feature is still in its early stages and limited to certain locations, it shows great promise and enhances the overall betting experience.

    Daily Fantasy Sports

    As a market leader in DFS contests, the DraftKings Daily Fantasy section is prominently featured on its website. I was able to choose from a variety of contests covering standard sports and esports, with entry fees ranging from $1 to over $5,000. I appreciate that this diversity ensures there's always something for every type of interested bettor.

    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 you to settle bets before matches reach their natural conclusions. In general, I find it is a great way to guarantee winnings or limit losses.

    That said, I've found DraftKings to be wildly unpredictable with its cash out offers. If I make a sharp futures bet and the odds move in my favor, I will be offered less than my original stake, which is counter-intuitive. If you mistakenly place a wager and desire an immediate cash out, you won't be offered an equal-value return.

    DK Horse

    Wagering at horse racing betting sites has never been easier than with DK Horse. Download the dedicated DK Horse app to live stream races and feel the thrill of one of the best Kentucky Derby betting sites.

    I love that I can access DK Horse from some states where DraftKings doesn't currently offer sports betting like California and Florida.

    Rapid bet grading

    Sports bettors at DraftKings' will be ecstatic to learn the sportsbook is the best for grading winners. This industry-leading pace is a prominent feature — especially for experienced bettors — as I've placed bets with my winnings before other operators have made a ruling on a particular wager.

    Casino

    For casino enthusiasts like me, the DraftKings Casino offers an impressive range of games from renowned developers. Although it's available only for players in states with legal online casinos, it was accessible from the same account I use for sports betting.

    The casino lobby hosts hundreds of popular slot games, along with live dealer options and a few exclusive titles, without the need for a DraftKings Casino promo code.

    To learn more, check out our comprehensive DraftKings Casino review.

    Only available in: CT, MI, NJ, PA, and WV

    Same-game parlays

    DraftKings has quickly become one of the best parlay betting sites. You can place bets on popular same-game parlays in numerous sports, including football and baseball. It's easy to build and add your parlays to your bet slips after locating a game with the '+SGP' icon in the top-left corner and toggling on 'Same Game Parlay' to view available bets.

    I had no difficulty navigating through my parlays with DraftKings. The sportsbook also recently launched a new 'Progressive Parlays' feature, allowing you to receive a payout on a parlay wager even if one or more legs lose. 

    Player-centric betting

    DraftKings also offers player-centric betting, allowing you to access 'Player Pages' that display all available player prop markets for a single player. Whether it's head-to-head wagers or same-game parlays, you can easily access them from this page, which currently covers NBA, NFL, MLB, and NHL events. 

    Rapid bet grading

    Sports bettors at DraftKings' will be ecstatic to learn the sportsbook is the best for grading winners. This industry-leading pace is a prominent feature — especially for experienced bettors — as I've placed bets with my winnings before other operators have made a ruling on a particular wager.

    DraftKings mobile app

    4.8/5

    The DraftKings Sportsbook app is truly impressive, ranking highly on our list of the best sports betting apps. You can download the mobile betting app on both Android and iOS platforms or via a link on the DraftKings website. Once installed, the app provides a mobile-friendly interface with access to over 20 betting markets. 

    In my opinion, DraftKings offers one of the best mobile experiences in North America and is always striving to make improvements. 


    DraftKings app design

    I find the design of the DraftKings app to be stylish and completely optimized. Adding bets is a breeze with just a few taps, and the bottom menu offers excellent navigation between different sections. The years of DFS experience have provided DraftKings with ample opportunity to hone in a design that is both visually appealing and highly functional. 


    DraftKings app improvements

    Since downloading the DraftKings Sportsbook app, I've observed regular updates, bug fixes, and enhancements, all contributing to an improved user experience. Here are some recent noteworthy updates:

    June 24, 2024: General performance and UX improvements.

    March 11, 2024: DraftKings introduces 'My Stat Sheet,' a new responsible gaming tool that gives players the ability to track, evaluate, and engage with their personal betting stats.

    Oct. 23, 2023: DraftKings updates its Same Game Parlay functionality so that you can build SGPs from anywhere in the mobile app.

    Sept. 25, 2023: DraftKings launches a brand new 'Search' capability to help you easily find betting markets, from player props to team futures, what's trending, and more.


    Apple icon DraftKings iOS rating

    The DraftKings Sportsbook mobile app for Apple devices boasts an exceptional rating of 4.8/5.

    Google Play Store icon DraftKings Android rating

    Likewise, Android users have awarded the DraftKings mobile sports betting app a rating of 4.6/5, garnered from over 130,000 user reviews.

    DraftKings iOS app

    DraftKings security and license

    4.9/5

      DraftKings operates under the supervision and regulation of several state authorities. The sportsbook operator is licensed in two 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 and geolocation software for the best online security and to ensure compliance.

      Access to the DraftKings sportsbook is available in the following states:

      Arizona
      Colorado
      Connecticut
      DC
      Illinois
      Indiana
      Iowa
      Kansas
      Kentucky
      Louisiana
      Maine
      Maryland
      Massachusetts
      Michigan
      New Hampshire
      New Jersey
      New York
      North Carolina
      Ohio
      Oregon
      Pennsylvania
      Tennessee
      Vermont
      Virginia
      West Virginia
      Wisconsin
      Wyoming

      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

      Kentucky Horse Racing Commission

      Vermont Department of Liquor and Lottery

      North Carolina Education Lottery

      DC Office of Lottery and Gaming

      DraftKings customer service

      4.5/5

      DraftKings' customer support team is dedicated and knowledgeable. You can easily reach out to them through the website's contact page, sending messages and expecting prompt responses. You also have the option to email the staff directly, start a live chat, or even request a callback.

      I recommend using DraftKings' 24/7 live chat, as I received a response almost immediately.

      • Live chat available 24/7
      • Email: sportsbook@draftkings.com
      • Phone: Callback request
      • Support languages: English
      • (X) Twitter: @DKSportsbook

      DraftKings review conclusion

      4.5/5

      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 simply delivers a great product.

      I love the ability to sort by player props and the game-by-game breakdown. For example, under NBA, I can choose 'points,' and it will show every single game, along with every player point prop for that game, on one screen.

      Here are some additional highlights:


      One of the best apps

      Point blank: DraftKings offers one of the best sports betting app currently available in the U.S. The navigation is intuitive, the layout is user-friendly, and there is no shortage of features to keep me entertained.


      Fast grading and payouts

      Nothing is worse than having to wait out a betting technicality to see if you're getting paid. DraftKings is the absolute fastest when it comes to grading winners. I was able to have my winnings in my account before another operator had even made the final call on a particular bet. 


      Reliable and trustworthy

      The DraftKings website is secure, and the operator is known for being reliable, without any history of hacks that have compromised sensitive information. I was encouraged that I had to verify my location and identity before placing any bets on the platform.


      One account

      In states that allow it, I can enjoy daily fantasy sports, bet on real sporting events, and even play online casino games for real money — all using the same account balance. The ability to share liquidity without registering for multiple accounts is a convenience that I don't take for granted.


      Room for improvement

      I find the cash out offers to be unpredictable at DraftKings. I've been offered less than the original stake on futures bets, even after the odds have moved in my favor. Also, if you realize you made an incorrect bet, you will immediately be offered a cash out less than the original stake, whereas operators like bet365 will provide a full cashback. 

      There is also no apparent search function on the desktop version of the platform. 


      DraftKings in the news

      Aug. 27, 2024: DraftKings to open a retail sportsbook in Wisconsin at the Lake of the Torches Casino on Aug. 28, 2024. 

      Aug. 22, 2024: DraftKings launches 'Electric Poker' platform in Michigan.

      Aug. 14, 2024: DraftKings inadvertently sends an email blast about golf bets even if bettors did not place a relevant wager. 

      Aug. 13, 2024: DraftKings kills sports betting surcharge after FanDuel refuses to implement a similar policy on winning bettors.

      Aug. 2, 2024: DraftKings' sports betting 'surcharge' could be less about money, and more about sending a message.

      Aug. 1, 2024: DraftKings to start charging a "gaming tax surcharge" on winning bets in four states — Illinois, New York, Pennsylvania, and Vermont.

      July 31, 2024: DraftKings announces that it is discontinuing Reignmakers and its NFT Marketplace.


      DraftKings vs the competition

      Check out Covers' sportsbook comparisons to see how DraftKings stacks up against other popular sports betting sites in 2025.

      FanDuel vs DraftKings comparison
      Find out which DFS powerhouse has the better online sportsbook.
      FanDuel vs DraftKings
      bet365 vs DraftKings comparison
      Is DraftKings better than the "World's Favorite Sportsbook?"
      bet365 vs DraftKings
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      DraftKings review FAQ

      Yes, DraftKings is a 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. As a new DraftKings user, you can deposit and wager $5 to claim $200 in bonus bets if your wager wins or loses.

      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, DraftKings Sportsbook does accept American Express. However, Amex sportsbook deposits are only supported in New Jersey.

      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 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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      Christian Stringer
      Betting Editor

      Christian Stringer is a seasoned Betting Editor at Covers, specializing in the North American sports betting and iGaming industries. Since joining in 2022, he has played a key role in managing, editing, and publishing commercial content that informs and engages bettors of all levels.

      After graduating from Mount Allison University, Christian had extended stays in Italy and the British Virgin Islands, providing him with a global outlook on all things entertainment.

      Prior to Covers, he spent a decade as an award-winning account executive, collaborating with major brands like Rootz, 888, ComeOn!, EastLink, and GG Poker. His expertise extends to onboarding white labels, crafting sportsbook and casino campaigns, and fostering partnerships with gaming providers and affiliates.

      Having personally reviewed over 35 sportsbooks and DFS sites, Christian brings a sharp, user-focused perspective to the betting landscape. His passion for sports — including sailing, skiing, basketball, and football — fuels his commitment to delivering insightful, high-quality content. Outside of work, he serves on the board of an amateur athletics club, championing community engagement through sport.

      DraftKings
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