Sports Betting » Sportsbook Reviews » DraftKings Review
DraftKings initially launched in 2012 as a Daily Fantasy Sports platform. After exploding in popularity, they expanded into sports betting in 2018 after it was legalized in the US. Fast forward to today and their sportsbook operates in 21 states.
On this page, you can find an in-depth review about the sportsbook DraftKings offers. We have glossed over their: welcome bonus, best features, licenses, promotions, rewards, odds, markets, mobile app, payment methods, history and customer service. This will allow you to get a complete picture of this sportsbook and see for yourself if it’s worth using their services.
DraftKings Welcome Offer – Get up to $1,000 in Bonus Bets
When you sign up to DraftKings you can claim up to $1,000 in bonus bets as part of their welcome offer for new customers. This is one of the biggest sports betting bonuses in the entire US. Get yours now by signing up here!
Up To $1,000 In Bonus Bets
Here are all the details about the DraftKings welcome offer that is currently running as of April 2023.
|Welcome Bonus||Up To $1,000 In Bonus Bets|
|Minimum Age||21 years old|
|Bonus Bet Expiry Time||No expiry date due to bonus bets being in the form of DK dollars|
|Deposit Methods Available||Visa, Mastercard, Maestro, Skrill, Play+, eCheck, Bank Transfer & Cash|
|Usable in Maryland & Virginia?||Yes|
Best Features at DraftKings
There are plenty of stellar features on offer at DraftKings. This is why it’s one of the premier sports betting hubs in the US. We’ve highlighted the best three features on their site and app here.
Daily Prize Pools – Win a giant selection of prizes every single day. This feature makes DraftKings one of the few sportsbooks to have a running promotion day in day out. Users can participate by entering a pool contest and making predictions about upcoming sports events. Apart from winning huge cash prizes of up to $5,000 the best part about this is that entry to these pools are completely free! This is an absolute must use feature on the platform.
Sports Markets – DraftKings usually outcompetes every rival sportsbook in most of the states they operate in when it comes to the sports markets they have available. On average, they offer wagering on 22 sports per state. This is an incredibly diverse range of events that users can bet on and is one of their best features on the platform.
Live Betting – It’s crucial for a sportsbook to have solid live betting options. DraftKings does not disappoint in this category. They have an excellent in-play section that gives users a clear view of what bets they can make on a sporting event that is underway. There is also a stats page within each game that gives bettors key information about the details, history, fun facts and trends of the teams/players involved.
Is DraftKings Safe?
Yes, DraftKings is incredibly safe to use. Their revenue in 2022 exceeded $2.24 billion. This means that you can feel at ease knowing a portion of your funds is on the DraftKings platform.
They are supervised by 21 different state authorities and are bound by laws that keep them compliant in best practices when it comes to running a sportsbook.
Where Can I Use DraftKings?
DraftKings is fully licensed, legal and operational in 21 states in the US. Here are all of the states you can access the platform from:
- New Hampshire
- New Jersey
- New York
- West Virginia
There is a consistent stream of new promotions arriving on DraftKings daily. These promotions can be accessed by both new and existing customers. As of April 2023, here are all of the available promotions on the platform right now:
- NBA No Sweat – Bet a NBA Same Game Parlay or SGPx and get a bonus bet back if you lose.
- MLB Step Up – Build your MLB Same Game Parlay and get up to a 100% profit boost.
- Game 6 Klay Boost – Get a profit boost on Klay Thompson to score 25+ points tonight.
There is an annual rewards program available for all DraftKings users called Dynasty Rewards. You can earn crowns and tier credits for every dollar spent on their site or mobile app. These can be redeemed for a list of amazing rewards from site credits to unforgettable experiences.
There are four main tiers that active users can be grouped into. Their benefits include:
- Silver (5000+ credits) – 10% monthly crown accrual boost, exclusive contests and promotions and up to 100,000 each week as part of the weekly prize chests.
- Gold (25,000+ credits) – All of the above and double the boosts of the tier above and priority customer support.
- Diamond (90,000+ credits) – All of the above and 24/7 chat access, six annual signature dynasty sweepstakes, access to exclusive live experiences and a dedicated VIP host.
- Onyx (175,000+ credits) – All of the above along with an increase on all boosts offered, exclusive onyx elite rewards and invitations to select VIP events in major cities.
Additionally, users in these tiers can open their own prize chest every week. This contains a random amount of Crowns. These crowns can be redeemed for entry fees, DK dollars, casino credits, merch, gadgets and fantastic experiences.
Here’s how the odds at DraftKings compare to the likes of BETMGM, Caesars and BetRivers.
|Sportsbook||Nuggets v Heat (NBA) – Game 2||Knights vs Panthers (NHL) – Game 2|
|BETMGM||Nuggets -400 / Heat +300||Knights -140 / Panthers +115|
|Caesars||Nuggets -420 / Heat +320||Knights -140 / Panthers +118|
|DraftKings||Nuggets -390 / Heat +320||Knights -140 / Panthers +120|
|BetRivers||Nuggets -375 / Heat +295||Knights -134 / Panthers +116|
DraftKings Sports Betting Markets
Here are the sports markets DraftKings allows customers to bet on in most of the states they operate in.
DraftKings Mobile App
The DraftKings Sportsbook mobile app is a great platform to wager on and often gives users a fantastic betting experience. The app is available on both iPhones and Android phones. You will need to download it from either the app store or play store depending on which device you’re using. You will then be able to claim your welcome bonus by clicking the button below.
The mobile app has the exact same features as the DraftKings desktop website. This means you won’t be missing out by wagering on your mobile.
There are plenty of payment methods available at DraftKings. This means users that want to both deposit into and withdraw from their sportsbook account can do so easily. Here are the different types you can use.
All of the deposit methods available at DraftKings have no fee and are processed instantly. Meaning it’s extremely quick to get set up and running with this sportsbook. Users will be able to wager on all of their favorite sports in a matter of minutes.
|Deposit Method||Fee||Processing Time|
Unfortunately, withdrawals at DraftKings take a few days to process. However, this is the standard waiting time in the sports betting industry. Here are all the different types of payment methods you can use when you’re taking money out of your sportsbook account.
|Withdrawal Method||Fee||Processing Time|
|Online Banking||$0||1-3 days|
|Wire Transfer||$0||1-3 days|
DraftKings Customer Service
If you encounter an issue of some sort while you’re using DraftKings, or if you just have a general enquiry, you can contact customer service in one of three ways.
- Live Chat – This is available 24/7 on both the DraftKings desktop website and mobile app.
- Email – You can write an email to customer service using the following email address email@example.com.
- Twitter – You’re less likely to get a response when you message them on Twitter. However, you can still try. Their twitter handle is @DKSportsbook.
The History Of DraftKings
2012 – DraftKings launches solely as a Daily Fantasy Sports platform.
2013 – The MLB invests in DraftKings.
2018 – Sports betting becomes legal at the federal level in the US. This means that it is now up to each state if they want to legalize sports betting within their jurisdiction. DraftKings branches out and creates their own sportsbook in preparation to launch in states that will allow wagering on sporting events.
2020 – They completed a reverse merger valued at over $3 billion. This made them a publicly traded company and they launched on the Nasdaq stock exchange.2023 – The sportsbook now operates in 21 states in the US and handles over $2 billion of bets per year.
What DraftKings Can Improve
In our opinion, there are only a few small changes DraftKings needs to make in order to become the perfect sportsbook. These are:
Improved Welcome Bonus – Currently, new customers can get up to $1,000 in bonus bets. However, this is based on a 20% rate. This means that in order to get the full amount users would need to deposit and wager $5,000. If they were to follow other sportsbooks and have the rate as 100%, it would be much more attractive.
Increase Maximum Bets For Profit Boosts – At the moment, DraftKings has a small maximum bet limit for wagers that are part of profit boosts. If this were to increase then profit boosts would be much more meaningful and engaged with.
Overall DraftKings is a must use sportsbook platform for people who are looking to wager on sporting events. They have a superb range of features that are second to none. These are enhanced by their mobile app which allows users to access the platform from anywhere in the state they’re in.
Yes, DraftKings is safe to use. They legally operate in 21 different states across America and are one of the highest rated sports betting platforms in the country.
You can use DraftKings in Maryland and Virginia. Unfortunately, you can’t use DraftKings in D.C. due to the strict regulations in the district only allowing BETMGM and Caesars Sportsbook to operate there.
The current welcome bonus on offer at DraftKings allows new customers to get up to $1,000 in bonus bets.
DraftKings has an array of high quality features. However, the ones that really stand out head and shoulders above the rest are their sports markets, daily prize pools and in-play betting options.
There are several different ways to contact the customer service team at DraftKings. You can email them at firstname.lastname@example.org, use their live chat features or contact them on social media @DKSportsbook.
After you’ve withdrawn money from your sportsbook account at DraftKings, it should usually take 2-5 days to reach your bank account depending on the payment method you used.