DraftKings Review

DraftKings was established in 2012 by three former Vistaprint employees named Jason Robins, Paul Liberman and Matthew Kalish. While still working for Vistaprint, they poured every free minute outside the job into their new venture out of the house of Paul Liberman.

What began as an off-hours side-hustle has come a long way since then. These days, it’s hard to find anyone with even a passing interest in sports who hasn’t heard of DraftKings.com.

DraftKings

DraftKings

DraftKings began life as a daily fantasy sport site, but has since expanded into sports betting and online casino games to become a well-rounded gaming site. Headquartered in the USA and licensed in most states, DraftKings is a safe place to play daily fantasy and bet on sports.

Pros

  • Sports betting, daily fantasy and casino games all in one location
  • Licensed and headquartered in the United States
  • Reputable and safe place to play online
  • Frequent promotions for sports betting and daily fantasy

Cons

  • Sports betting only available in certain states
  • Does not offer online poker

Overall Rating

Sports and league coverage

In-play betting schedule

Casino game variety

Deposit and withdrawal speed

DraftKings Info

  • Casino: DraftKings
  • Website: www.draftkings.com
  • Established: 2012
  • Country: United States
  • Support: Phone, e-mail, live chat and FAQ
  • Deposit Bonus: $500

DraftKings reigns as the biggest player in the world of daily fantasy sports (DFS) and is now making a name for itself in actual sports betting. On the fantasy side of things, DraftKings operates legally in 43 states and Washington DC. Additional states are in the process of legalizing daily fantasy over the short term, so look for the list of accepted states to grow in the near future.

In 2018, DraftKings broke ground once again to become the country’s first legal mobile sportsbook after New Jersey passed a law legalizing online sports betting. DraftKings Sportsbook is now operational in New Jersey with plans to enter West Virginia, Pennsylvania and other states in the near future.

DraftKings Sportsbook has also added an online casino to its offerings in New Jersey to make it a well-rounded gaming site. As additional states pass online sports betting and gambling laws, we anticipate the full DraftKings experience to make its way across the US.

Key facts:

  • Types of Gambling Offered: Sports betting, daily fantasy and casino games
  • Software platforms: Online at DraftKings.com, iOS app and Android app
  • Languages: English
  • Casino Software Providers: Kambi
  • Established: 2012
  • Deposit methods: Credit card, debit card, PayPal
  • Payout methods: Refund back onto card, PayPal, Check

DraftKings Sports Betting

DraftKings Sportsbook is licensed in New Jersey and operates in partnership with Resorts Casino out of Atlantic City. Additional licensing requests are pending in West Virginia and Pennsylvania, but mobile betting has not yet launched in those states.

As far as sports betting goes, DraftKings Sportsbook has that side of the business well-covered with tons of wagering operations on a wide range of sports. These include moneylines, point spreads, totals, future, props and in-play betting for all the major sports leagues of the world. This can fairly be described as a comprehensive betting site.

Shortly after launching, DraftKings was the target of some criticism for steep pricing compared to the competition. This remains an ongoing issue to a lesser extent today, but DraftKings seems to have taken those criticisms to heart and has improved its odds on many events relative to other legal betting sites.

On a more positive note, an array of special features give DraftKings a leg up over the competition for certain types of wagers. For instance, the Teaser+ feature (which allows users to build custom parlays and to adjust the odds for each leg of the parlay independently) tends to beat other sportsbooks’ prices. The various “odds boost” specials on popular and trending prop bets also offer increased value for numerous wagers each day.

From a visual point of view, DraftKings has interface and graphics down pat. In a world where nearly every popular site and app offers a “dark mode” viewing option, DraftKings offers that be default with green and white text on a deep grey background keeping things easy on the eyes. Navigating around the site is also facilitated with intuitive controls that make it simple to find specific leagues, types of wagers and so on.

Sportsbook Bonuses and Promotions

Not to get too corny here, but the “King” in DraftKings is apt when it comes to promotions and bonuses. This is probably the most promo-heavy sportsbook on the market right now between the various welcome bonuses, odds boosts, daily specials and seasonal promotions.

$500 Welcome Bonus

DraftKings is willing to match your first bet with up to $500 in bonus funds as a “thank you” for joining. This means if you sign up and place a $50 wager, you’ll get an extra $50 in site credit. Place a first bet of $200 and you’ll get $200 extra, etc.

The key points to keep in mind are that this offer only applies to your first bet and the bonus money is given as site credit. You don’t have to meet any complicated wagering requirements to use this bonus, but you do not get the bonus money back.

For example, if you bet $500 in bonus funds on an even money wager and win $500, you’ll receive an actual payout of $500 (not $1,000).

This is a very good deal overall. The lack of wagering requirements puts this bonus above just about every other offer we’ve seen to date. In most cases, welcome bonuses require customers to place a certain dollar amount worth of wagers before being able to withdraw anything – and often times it is very difficult to meet those requirements and still have anything left over.

The DraftKings bonus avoids all that hassle and just gives you the money as site credit.

Ongoing Bonuses and Promotions

A busy promotional lineup is a key selling point for DraftKings Sportsbook. On the day this review was written (an average day with no major championships this week), DraftKings Sportsbook had five individual promotions on offer not including the welcome bonus.

These promos change on a rotating basis, but here’s an example of what was on offer the day this review was written:

  • Summer of Soccer: Bet on the three big soccer tournaments happening this summer to get a $10 bonus bet.
  • MLB 5+ Run Insurance: Get your bet back (up to $25) if your team scores five or more runs and still loses.
  • Summer Fridays: Each Friday this month, check back for a new offer.
  • Special Odds Boost: A variety of sports wagers are given enhanced odds each day.
  • Refer A Friend: This long-term promo will give you $50 every time you refer a friend to DraftKings. Your friend will also get an extra $50 just for being referred.

In-Play Betting

For those already familiar with in-play betting, just know that DraftKings Sportsbook has it in spades. This is a highly active in-play betting site with a busy calendar of events covered in rela time every day. Each event offers dozens of markets ranging from live moneylines to what wil happen with the next batter up.

For those not familiar with in-play betting, imagine this: You’ve placed a bet on Sunday’s NFL game and have now settled in to relax, watch the game and see what happens with your wager. Suddenly, the game takes a wrong turn and your bet looks like it’s going to be in big trouble real soon.

In the past, all you could do was sit back and watch events unfold as hope for your wager withers and dies. That’s not the case with live-betting. At DraftKings, you can log in during the game and place a bet on the opposite side if you want to hedge your original wager. Additionally, you can just add more excitement to any game by logging in and watching the markets develop – placing wagers from start to finish if you please.

The in-play markets vary in duration from game-long wagers (such as who will win but with constantly-updated odds) to extremely short-term in nature. DraftKings launched its shortest in-play markets in mid-2019 with the introduction of Flash Bet. Flash Bet wagers are settled instantly and involve markets such as betting on the next point in a tennis match.

DraftKings also offers early cashout on most wagers. This allows you to cash out early at a premium to either lock in your winnings or minimize your losses if things don’t seem to be going so well.

Sports Covered at DraftKings

DraftKings Sportsbook covers all the major (and not so major) sports of the world. This includes all the usual North American sports along with international competition, including a plethora of soccer leagues plus rugby, cricket and more.

Here’s the full list:

Baseball Basketball Boxing Cricket
Cycling Darts Football Golf
Hockey MMA Motorsports Rugby Union
Soccer Tennis

 

DraftKings Mobile App

DraftKings Sportsbook and Daily Fantasy are both offered through separate mobile apps for iOS and Android. Whether you’re playing from an iPhone, iPad or Android device, you’ll get the full experience through the dedicated app with all features fully functional.

This includes live betting, live scoring results, the full wagering menu and everything else. In our experience, the sportsbook app functions well and responds quickly to user commands. Logging in, browsing the various markets and placing wagers is a simple process from start to finish.

The DraftKings Fantasy app is similarly well-designed. It’s clear DraftKings has put some serious thought into the mobile experience. From the app, you can view the full contest lobby, build multiple lineups, view player profiles, check on past results, watch your team rack up points and enter additional contests as you see fit.

For some perspective, the DraftKings app has earned a 4.8 out of 5 starts on the App Store market. That’s quite a compliment considering how absolutely brutal app reviewers can be. It helps that everything just runs smoothly and there are no obvious buggy issues.

Mobile Screenshots

Desktop Screenshots

DraftKings Online Casino

DraftKings attached an online casino to the sportsbook in December 2018, not long after going live in New Jersey.

The initial release only offered blackjack, but additional games began coming on board in early 2019. The casino can be fairly described as adequate today, but this is definitely not a casino destination. If casino games are your first love, you’ll probably be better off elsewhere. We consider the casino more of an add-on to the sportsbook rather than the main attraction.

Today, there are a handful of casino games of various types to choose from. This includes blackjack, slots, roulette, baccarat, video poker and even a few live dealer games. Progress is certainly being made on the casino front, but DraftKings Casino still has a way to go before it’ll be competitive with the other casino-focused sites that are out there.

Casino Bonuses and Promotions

DraftKings offers several promotions specifically for casino play. However, like the casino itself, it’s slim pickings right now. Though their offers change periodically, they are not quite as numerous as their sportsbook or daily fantasy promotions.

Welcome Bonus

New customers with the casino can receive $10 DK Dollars when they wager $10 or more an any casino game. This welcome bonus is honestly a little dull when you compare it to the amount some of their top competitors match in their welcome bonuses. Still, it’s better than nothing if your primary goal at DraftKings is to bet on sports.

Ongoing Bonuses/Promotions

Loyal players have the opportunity to take advantage of various ongoing promotions at any given time. These promotions do expire, but new ones eventually replace them. Some ongoing promotions include receiving $10 DK Dollars for playing certain games, or receiving the equivalent of your net losses in up to $50 DK Dollars.

Live Dealer Games

DraftKings Casino has a stable of five live dealer games:

  • Ultimate Texas Holdem
  • Three Card Poker
  • Roulette
  • Blackjack
  • Baccarat

Mobile Casino Screenshots

Online Poker

DraftKings does not offer traditional, player-vs-player poker. The closest things to poker are the live dealer Texas Holdem and Three Card Poker games along with a small collection of video poker machines.

The video poker machines offer a few variations on Jacks or Better and Bonus Poker. It would be nice to see DraftKings introduce poker to its significant customer base, but for right now all they have are single-player games played against the house.

DraftKings Daily Fantasy

While DraftKings Sportsbook has come to dominate the headlines in recent years, daily fantasy sports is where it all began for DraftKings way back in 2012. Daily fantasy remains the core business to this day with millions of active players spread across the country and home to the biggest contests on the planet – some of which boast multi-million-dollar prize pools.

Fantasy contests are held for ten different sports, including all the usual suspects such as the NFL, MLB, NHL, NBA and even eSports competitions. Types of contests offered include major guaranteed prize pool events (GPPs), heads-up contests, 50/50s, double-ups, satellites into bigger events, small tournaments, beginners-only contests and more.

At the risk of coming across as biased, we have to say DraftKings should be one of the first stops for anyone interested in daily fantasy. DraftKings and its chief competitor FanDuel reign far above every other DFS site in terms of prize pools, features, contest frequency and basically every other metric.

Daily Fantasy Bonuses and Promotions

DraftKings maintains an active promotional schedule for new and loyal customers alike. If you’re brand new, you can take advantage of a free entry to a contest of your choice. Those of you who have been around for a while can choose from a variety of rotating promotions that change on a regular basis.

New Customers: Free Contest Entry

Sign up for an account, make a deposit and use the promo code SAVE to claim a free ticket entry into any $3 contest. This welcome offer is a far cry from the $500 offered to new sportsbook customers, but it’s still a handy way to get a taste of the action as a newbie.

After you make your first deposit, the free entry ticket will be added to your account. The ticket is good for one full year after signing up.

Ongoing DFS Promotions.

Once you’re all settled in and have the hang of things, the simple act of participating in contests will net you more rewards as a part of the various ongoing promotions DraftKings runs all the time for loyal customers.

First, there’s a VIP program that tracks you play volume and moves you up through reward tiers that unlock increasingly valuable goodies. These include daily rewards based on your tier level, free contest entries and DK Credits (site credit).

Additionally, you can log in and visit the promos tab on the DraftKings website to find a list of other promotions and special contests with inflated prize pools. These offers change all the time, but you’ll always find at least a few special promotions on any given day.

DraftKings DFS Screenshots

Customer Support

DraftKings customer support comes in several forms. You’ll find a FAQ section, live chat and e-mail any time you need to ask a question.

The one big miss here is no publicly-available phone number. You can fill out a form asking for a callback from a DraftKings support rep, but there is no way to just reach out and call yourself.

Daily Fantasy                           Sportsbook/Casino

222 Berkeley St.                      PO Box 399

Boston, MA 02116                  Hoboken, NJ 07030

State Restrictions and Accepted Countries

Inside the United States, DraftKings Fantasy operates in all states except:

  • Hawaii
  • Idaho
  • Iowa
  • Louisiana
  • Montana
  • Nevada
  • Washington

DraftKings Sportsbook only accepts customers from New Jersey but will soon be adding Pennsylvania and West Virginia. Additional states are in the process of updating their sports betting laws, and DraftKings has commented it will be entering additional states as soon as possible.

Outside the United States, DraftKings Fantasy is available in:

  • Germany
  • Malta
  • Ireland
  • Austria
  • UK
  • Canada

Note that if your state or country is not accepted, things may change in the medium-term future. DraftKings is constantly expanding its reach as laws and regulations change.

Payment Methods

When it comes time to fund your account, you can choose from any of the following deposit methods:

  • Visa
  • MasterCard
  • Discover
  • American Express
  • PayPal
  • Visa gift card
  • MasterCard gift card
  • American Express gift card

Withdrawals

When you request a withdrawal, DraftKings will refund all your deposits for the last three months onto the card used. For any additional winnings, you can request payment via check or PayPal. If you do not have access to the card you used for your initial deposit(s) you must contact customer service before submitting a withdrawal.

Your withdrawal is processed by DraftKings during normal business hours Monday – Friday from 9 a.m. – 5 p.m. After processing, it takes approximately 2 – 8 business days for you to receive your money in your bank or PayPal account. If you chose to receive your winnings via check the delivery period is anywhere from 2 – 3 weeks.