Originally a daily fantasy site, DraftKings made its move into the gambling world in August 2018, launching mobile betting in New Jersey. Since then, the company has also expanded to Colorado, Pennsylvania, Indiana and West Virginia. DraftKings became a publicly traded company under the symbol DKNG on April 24, a week before it expanded its online sportsbook a fifth state, Colorado.
DraftKings has the sleekest app among all the available options, and it also has some unique offerings for bettors, including flash bets, which is a new live betting product. DK offers odds boosts for certain games daily, parlay insurance and other rewards for bettors. DraftKings is most definitely legit and not a scam, as it is required to follow the rules and regulations set forth by the states in which it operates.
Sports you can bet at DraftKings
In addition to pregame bets, DraftKings also offers live wagering on many of the sports listed.
- College Football
- College Basketball
- NHL + other hockey leagues
- Motor Racing
- Cricket, CFL and more
Registering at DraftKings
DraftKings' registration process is as seamless as you'll see for a sportsbook.
Creating An Account Requires
- First Name
- Last Name
- Date of Birth
- Cell Phone Number
- Last 4 of SSN
Making Deposits at DraftKings
DraftKings gives users a number of ways to deposit funds.
- Online Banking
- Wire transfer
Making Withdrawals at DraftKings
How to take money out of your DraftKings account.
- ACH (eCheck)
DraftKings Sportsbook: Frequently Asked Questions
What is the best DraftKings Sportsbook promo code?
The best DraftKings Sportsbook promo doesn’t require a code — all you need to do to redeem the $1,000 sign-up bonus exclusive to Action Network users is click this link.
The sign-up bonus is comprised of (1) matched first bet and (2) a deposit bonus, each worth up to $500:
- The matched first bet: This applies to first-time users when they make their first bet at DraftKings Sportsbook. Here’s an example: If your first bet is $250, you will get $250 in free bets instantly added to your DK account in the form of bonus bets. The max DK will match your first bet is $500.
- The deposit bonus: It’s a 20% match worth up to $500. So if you deposit $100, you would earn a $20 bonus. To earn the max $500 bonus, you would have to deposit $2,500.
Again, no promo code is needed to redeem this exclusive $1,000 sign-up bonus. Just click this link.
How does the DraftKings Sportsbook risk-free bet work?
As we covered above, new users can get their first bet 100% matched at DraftKings Sportsbook, up to $500.
What does that mean exactly? Well, let’s say you place $450 on the Cowboys as 7-point home favorites against the Eagles as your first bet, DraftKings would instantly deposit $450 in free bets into you account.
Get your first bet matched as part of our exclusive $1,000 sign-up bonus offer by simply clicking this link.
How does DraftKings match your deposit?
Like we mentioned above, DraftKings Sportsbook will match 20% of a first-time user’s deposit up to $500.
Here are some specific examples:
- A $100 deposit would earn a $20 bonus
- A $500 deposit would earn a $100 bonus
- A $2,500 deposit would earn a max $500 bonus
All you have to do to redeem this deposit bonus is click this link.
Where is DraftKings Sportsbook legal?
DraftKings Sportsbook is legal in the following states (as of May 1):
Mobile sports betting is legal and available on DraftKings Sportsbook in all seven of those states.
DraftKings Sportsbook also has retail sports betting locations in the following two states, which have not legalized mobile sports betting:
- New York: Del Lago Resort in Waterloo, NY
- Mississippi: Scarlet Pearl Casino in D’Iberville, MS
Who can use DraftKings Sportsbook?
Anyone who is 21 years old or older who lives in a state with legalized sports betting can use DraftKings Sportsbook.
How do you sign up for DraftKings Sportsbook?
If you live in a state with legalized mobile sports betting, you can sign up for DraftKings Sportsbook using their app. Otherwise, you have to set up an account in-person at one of their retail locations.
If I live in Iowa, how do I complete my account verification at DraftKings Sportsbook?
If you live in Iowa, you have to complete your account verification at one of the following three retail locations:
- Wild Rose Clinton in Clinton, IA
- Wild Rose Emmetsburg in Emmetsburg, IA
- Wild Rose Jefferson in Jefferson, IA
How do I download the DraftKings Sportsbook app?
You can download the DraftKings Sportsbook app in the App Store with an iPhone or Apple device.
If you have an Android, you have to download the app directly through this DraftKings Sportsbook link — it is not available in the Google Play store.
Where can you use the DraftKings Sportsbook app?
You can use the DraftKings Sportsbook app in the following seven states (as of May 1):
Why does DraftKings Sportsbook need my social security number?
DraftKings Sportsbook needs your social security number to verify your age and identity — a requirement of federal and state laws.
How do you place a bet at DraftKings Sportsbook?
You place a bet at DraftKings Sportsbook by finding the odds for the event and outcome you would like to bet on, then clicking on it to add it your bet slip.
Once you’ve added it to your bet slip, you can specify whether you want it to be a single bet, parlay or round robin. You then enter the amount you would like to bet and select “place bet.”
You can place a bet only if you already have a DraftKings Sportsbook account.
How do you get free bets on DraftKings Sportsbook?
The best way to get free bets at DraftKings Sportsbook is via the $1,000 sign-up bonus we outlined above, but they offer first-time users various other ways to earn free bets.
What is an odds boost at DraftKings Sportsbook?
An odds boost at DraftKings Sportsbooks means the book has enhanced the odds of a given outcome, thus enhancing your potential winnings.
Here’s a quick example: If LeBron James is listed at +200 odds to record a triple-double against the Clippers, a $100 bet would profit $200. But if DraftKings boosts LeBron’s triple-double odds from +200 to +250, that same $100 bet would profit $250.
Basically, boosted odds lead to a higher payout for the same result.
Where can I find my winnings on DraftKings Sportsbook?
You can find your winnings on DraftKings Sportsbook in the transaction history on the ‘My Account’ page or by clicking this link.
Can I link my DraftKings Daily Fantasy and DraftKings Sportsbook accounts?
Yes, you can link your daily fantasy and sportsbook accounts at DraftKings and easily toggle between them on web.
Can I transfer money from my DraftKings Daily Fantasy account to my DraftKings Sportsbook account?
Yes, you can transfer money from your DraftKings Daily Fantasy account to your DraftKings Sportsbook account — but only winnings. Basically, you can’t just deposit $100 to your DFS account then transfer it or access it through your sportsbook account without first using it to play in DFS contests.
Why can’t I bet in a state that allows DFS?
You may not be able to bet on sports in a state that allows DFS because the legislation is not the same — the legalization of DFS does not mean the legalization of sports betting.
How do I make a deposit at DraftKings Sportsbook?
You can make a deposit at DraftKings Sportsbook with various payment methods, including:
- Debit cards
- Credit cards
- Wire transfer
How do I withdraw DraftKings Sportsbook payouts?
You can withdraw DraftKings Sportsbook payouts via the following options:
- Casino cage
Is DraftKings Sportsbook legit?
Yes, DraftKings Sportsbook is legit. Since it is legally operated in the states that allow sports betting, you don’t have to worry about being scammed as it is regulated and must pay out all winning bets.
DraftKings Sportsbook Benefits
Risk Free Bets at DraftKings Sportsbook
DraftKings Sportsbook offers a risk-free bet worth up to $500 for first-time users through their sign-up bonus, meaning the bet would be fully refunded in the form of free bets if it loses.
Let’s say your first bet is $500 on the Packers as 4-point road favorites against the Bears. If Green Bay fails to cover the spread in Chicago, you would be refunded the full $500 in the form of free bets, hence eliminating the “risk” in risk-free.
Daily Odds Boosts at DraftKings
DraftKings Sportsbooks offers daily odds boosts for the biggest sports. Odds boosts are enhanced odds for a given outcome that thus enhance potential winnings.
Live Betting At DraftKings Sportsbook
DraftKings Sportsbook does offer live sports betting. You can find those in-game odds here.
DraftKings Sportsbook also has a Flash Bet feature through which you can live bet play-by-play action on football, basketball, baseball and tennis.
Refunds For Scoreless EPL Matches At DraftKings Sportsbook
DraftKings Sportsbook has a “No Goals No Problem” promotion in which the book will refund bets up to $25 if an English Premier League match ends in a 0-0 draw.
Parlay Insurance At DraftKings Sportsbook
DraftKings Sportsbook offers parlay insurance up to $25 if you ever suffer the ultimate heartbreak of having only one leg of your parlay lose.
Here’s an example of when the DraftKing Sportsbook parlay insurance would come in handy: Say you bet $100 on a three-team parlay with the Dodgers +100, Red Sox +120 and Cubs +200. If the Dodgers and Red Sox win, but the Cubs lose, you would get back $25.
Types of Bets You Can Make At DraftKings Sportsbook
Can you bet parlays at DraftKings Sportsbook?
Yes, you can bet parlays at DraftKings Sportsbook by linking one bet to two or more. If every bet in a parlay wins, then you earn a higher payout than if you would have placed them as single bets.
Here’s a quick example: If you bet $75 on a three-team parlay featuring the Lakers +100, Bucks +200 and Raptors +250 — and all three teams win — you would net $1,500 rather than the $137.5 you would have netted if you had made $25 single bets on all three teams.
You can calculate potential parlay payouts using our calculator.
How do you bet a teaser on DraftKings Sportsbook?
You bet a teaser on DraftKings Sportsbook by parlaying multiple point spreads or totals in which the lines are each teased down in exchange for a lower payout. You can tease only football, basketball, or football and basketball lines at DraftKings Sportsbook.
What is a free bet on DraftKings Sportsbook?
A free bet at DraftKings Sportsbooks means you can place a bet at the book’s expense. So for example, if you place a $25 free bet on the Patriots as a -300 moneyline favorite against the Jets and the payout is $100, you would receive the $75 profit if it wins without risking your own $25.
What is the max bet on DraftKings Sportsbook?
The max bet on DraftKings Sportsbook varies. They can limit bet amounts by user and for other reasons at their own discretion.
DraftKings Sportsbook does have standardized limits for net payouts by sport, meaning that excluding the amount wagered, you cannot profit more than the following amounts:
- NFL: $1 million
- MLB: $1 million
- NBA: $1 million
- NHL: $250,000
- College football: $250,000
- College basketball: $250,000
Find the DraftKings Sportsbook potential payout limits for every sport here.
Can I cancel bets on DraftKings Sportsbook?
You cannot cancel bets on DraftKings Sportsbook once they have been placed and accepted.
DraftKings Sportsbook Customer Service
You can reach the DraftKings Sportsbook customer service team through this page, where you can either send a message or live chat with a representative. They’re available 24/7.
You can also reach DraftKings Sportsbook customer service via email at email@example.com.