DraftKings Sportsbook

In this review, I’ll explore the reasons behind DraftKings’ immense success and specifically look at this betting site’s bonuses, special features, markets, and payment options!

DraftKings Sportsbook Sign Up Bonus

DraftKings has one of the finest new player sportsbook offers going. Bet $5+ to receive $200 in bonus bets! A $5+ first-time bet is required to trigger the offer, but it really is one of the top bonus bet offers going.

DraftKings Sign Up: $150 in Bonus Bets When You Spend $5+

Unfortunately, you can only get one welcome offer when you join, but the sportsbook does run regular promos and price boost specials. To get this offer, you will need to sign up at DraftKings, complete your registration, and then make a deposit of $5+ before placing a qualifying wager. After it settles, you will get $150 in bonus bets, spread out in 2x $25 each week, for your first 14 days.

Our Favorite Betting Tools and Features at DraftKings Sportsbook

DraftKings Sportsbook is a market leader when it comes to cutting-edge betting tools. It doesn’t matter if you are a small, casual weekend bettor, or a whale who is looking for the best high stakes sportsbook; DraftKings is an MVP for all types of gamblers. These are my favorite DraftKings features:

DraftKings Network and Live Streams

DraftKings offers free live streams of every NFL game in HD. Alongside streams of major sports like tennis, soccer, and football, DraftKings has its own network where you can access expert betting analysis and tune into hit shows like The Dan Le Batard Show and All The Smoke.

Profit Boosts

Every single day of the week, there are profit boost bets at DraftKings on all sports, including football, basketball, tennis, and MMA. How it works is DraftKings selects a particular market, say, the Lakers to beat the Heat, you place a bet as usual, and if you win, you’ll receive up to 50% more in winnings.

DraftKings Shop

After racking up more Crowns than you know what to do with, it’s time to pop over to the DraftKings shop. You can purchase a whole new wardrobe and become DraftKings’ biggest fan. Or splurge on a new golf bag or some sporting memorabilia, or kickstart your Reigmakers collection.

Cash Out Feature

One of the best features to come to sports betting in the last few years has been cash out. DraftKings Cash Out feature lets you settle a bet before the event finishes, offering flexibility to secure profits early or reduce losses if your big bet doesn’t come in. Cash out isn’t available on every sport and every market but it is available on a wide range of best with the book.

When using Cash Out, DraftKings offers an amount based on your bet’s current status. If your wager is performing well, the amount will likely be less than the full payout but more than your initial stake. If your bet is struggling, the cash-out offer may be less than your stake, allowing you to recover part of your investment.

As an example, if you bet $50 on the Seahawks to win at +200 and they are winning late in the game, you might receive a $120 cash-out offer instead of waiting for the full $200 payout. On the flip side, if they are losing, you might be offered $10 to cash out instead of losing the full stake.

Parlay Betting

One of the major reasons the sportsbook is so popular is the range of DraftKings parlays it has available. You have your standard parlays that combine the outcomes from different games, same-game parlays that combine outcomes from the same game and now there is a new feature. They also have the awesome same-game parlay extra feature that allows players to make several same-game parlays into one.

Head over to DraftKings, you will notice that parlays are a prominent feature, with numerous promotions on parlay bets such as odds boosts, that increase your potential winnings. There are also no-sweat parlays that return a bonus if your parlay loses. The fact that you have so many parlay options and generous bonuses to go with your parlay bets makes DraftKings one of the best parlay betting apps on the market today.

Parlays are big business at most sportsbooks and many now offer parlay insurance. This is a promo where the sportsbook will cover your bet in case it doesn’t come in. It is a must-use feature for any bettor looking to turn a profit. DraftKings parlay insurance is a great feature and you can get up to $25 back on your bet should it not come in.

Another great feature that you will only find on DK is the Same Game Parlay Extra, which you may have seen on the app. DraftKings’ Same Game Parlay Extra (or SGPx for short) allows bettors to combine multiple Same Game Parlays (SGPs) or single bets from different games into one larger parlay, enhancing potential payouts. For example, you can merge an SGP from an NBA game with another SGP or a standalone bet from a different game or sport. No book does this as well as DK does.

DraftKings Social

Sports betting just got a whole lot more, thanks to DraftKings Social. With this cool feature, you can share bets with friends, create private wagers, talk strategy with other players, and even follow pros and copy their bets!

Pick 6 promo

Another really cool feature with the sportsbook is the DraftKings Pick 6 promo. This is a weekly free-to-play contest where users predict the outcome of six NFL games for a chance to win cash prizes. Players typically need to guess the correct score or winner’s outcomes, then players will get rewards for perfect picks. The promo offers an exciting way for NFL fans to potentially win money without placing actual bets. Prizes and specifics of the contest can vary from week to week, but it’s a comp I enter each week without fail.

Our Experience & Score of DraftKings Sportsbook

My experience at DraftKings Sportsbook was off to a good start, thanks to the $200 in bonus bets when I bet $100, you can’t argue with that kind of value.

Things only got better when I started browsing the betting markets and found 20+ sports and all my favorite bet types, from over/unders on every statistic to futures and props. Also, after comparing odds to competitors, it’s pretty clear that DraftKings offers superior prices compared to other sportsbooks. DK are also one of the few US books to offer markets on Power Slap League betting, a sport that has quickly become a favorite among US bettors.

Banking is another aspect that DraftKings has nailed. Where else can you withdraw $1? They have a solid selection of payment methods, from cards to e-wallets to cash at the cage. Based on my findings, withdrawals are usually processed within 24 hours, which is pretty speedy.

There is no question about DraftKings’ safety; they are a publicly listed company, the number of DraftKings legal states now exceeds 20, and they were even the first online sportsbook to launch in the US. Many other sportsbooks have geolocation issues, but I haven’t come across any issues with the location settings on the app yet. The betting app from DraftKings is one of the best on the market and is packed full of useful betting features.

I was also impressed with the promotions. DraftKings makes it easy to earn Crowns, which can be instantly converted to DK Dollars and used to bet, and there are tons of daily odds boosts.

Support is the only area where I felt let down by DraftKings. Fortunately, it’s an easy fix, they just need to introduce a 24/7 live chat manned by people and not a low-IQ chatbot. I mean, the company is worth $18 billion, surely they can afford to hire a few more customer support reps!

DK has faced growing competition ever since they moved into the legal sports betting world, no more so than from rival FanDuel. There has also been a land grab from other DFS and social sportsbooks such as Fliff. As popular as DK is, there are now many apps like DraftKings Sportsbooks available that have better features, a slicker layout, and can go head-to-head on odds and promos. One of the biggest surprise competitors to DraftKings is PrizePicks. We have a detailed head-to-head where we put DraftKings vs PrizePicks to see where you should be putting your money.

DraftKings Sports Markets

You can bet on almost 30 sports at DraftKings. You’ll find markets for every NBA, NFL, NHL, MLB, and MLS game, as well as every UFC fight, F1 race, EPL match, and all the big-time NCAA games. DK has great coverage of most MMA events, making it claim a spot in our top UFC betting apps guide.

Even though DraftKings focuses on major US sports, they also have all kinds of fun niche markets. I love betting live on the TT Elite Series, which is a table tennis competition. Other niche sports worth checking out are surfing, badminton, rugby league, handball, and beach volleyball.

DraftKings also blows away the competition when it comes to betting options. You can pull up any football or basketball game, and there will be 50+ markets from spread to moneyline, totals, over/unders on every stat, such as points, rebounds, touchdowns, and rushing yards.

DraftKings Banking Methods

Forget about fees when depositing or withdrawing at DraftKings Sportsbook. The minimum sportsbook deposit is just $5, and incredibly, you can cash out as little as $1.

Deposits will be credited to your account before you can blink, and withdrawals take between 24 and 48 hours to hit your account. If you are looking for a sportsbook that accepts PayPal, then you are in luck. It’s easy to link your accounts, and transactions between the two are pretty seamless. It also tends to be one of the fastest online withdrawal methods at DraftKings. You can even collect your winnings instantly if you pick up cash in person from a retail sportsbook.

These are the available deposit methods at DraftKings Sportsbook:

• Visa
• Mastercard
• American Express
• Apple Pay
• Wire Transfer
• Trustly
• Gift Card
• PayPal
• Venmo
• Play+ Prepaid Card
• Cash
• VIP Preferred E-Check

These are the available withdrawal methods at DraftKings Sportsbook:

• Trustly
• PayPal
• Venmo
• Play+ Prepaid Card
• Wire Transfer
• Check
• Cash From Cage (retail sportsbook)
• VIP Preferred E-Check

DraftKings Support and Contacts

Unfortunately, DraftKings Sportsbook is seriously lacking when it comes to customer support. I was surprised they don’t have a live chat manned by actual people. Instead, DraftKings has a fairly useless chatbot.

If you want a reply within a few hours, your best bet is to shoot them a message on X. They offer email support and usually get back to you within 24 hours. You can also request a callback via their chatbot, and then a DraftKings support member will give you a ring.

Here are all of the ways you can contact DraftKings:

Is DraftKings Sportsbook Legit?

You can’t get more legit than DraftKings Sportsbooks. They are fully licensed in 25+ states and were the first online sportsbook to launch in the US when they opened shop in New Jersey in 2018.

Over the years, DraftKings Sportsbook has continued to surge. Just over 1/3 of all online sports bets in the US are placed at DraftKings and they boast 3.5 million monthly users. They are also a publicly listed company (DKNG) with a mouth-watering market cap of over $17 billion!

Regular Deals and Rewards at DraftKings Sportsbook

Every time you place a $2 straight or $1 parlay bet at DraftKings, you’ll earn 1 Crown. 550 Crowns can be converted to $1 DK Dollar and used to make real money bets.

You can also take your Crowns and go on a shopping spree at the DraftKings store. You can purchase everything from clothing to gift cards to laptops to vacation packages.

Whenever you bet on sports at DraftKings, you will earn Tier Credits alongside your Crowns. The number of Tier Credits you accumulate determines your VIP status. Here are the different rewards you rack up:

DraftKings Sportsbook also has a secretive invite-only VIP program. To earn a spot, you need to consistently wager $5,000+ per week. You first go through the VIP Showcase program, where you receive these special bonuses every Thursday for three weeks:

• Get $100 in bonus bets for every $1,000 you wager (max $2,000 in bonus bets)
• Get a $100 bonus bet when you make a $250+ SGP wager
• Get 15% of your net losses up to $2,000 back as DK Dollars

After three weeks, you’ll formally join the VIP program and receive custom offers. You’ll enjoy a mixture of bonus bets and loss rebates, as well as invites to sporting events and gifts.

DraftKings VIP Showcase

The VIP showcase on the DraftKings sportsbook is a promotion that allows you to receive VIP offers every Thursday for 3 weeks. This offer essentially prepares you for VIP membership. Your accounts will be monitored by the operator and once the 3 weeks are over, the VIP support team will determine if you qualify for the exclusive VIP program. Some of the rewards include loss back promotions and bonus bets known as Bet and Get.

DraftKings Sportsbook Review Verdict

It isn’t just a successful marketing strategy that has catapulted DraftKings to the top of the online sports betting world. This sportsbook is the complete package with a great sign up bonus, live chat customer support, 20+ sports, live streams, early cashout, and daily odds boosts. When my buddies ask me where they should bet, I always send them to DraftKings.

AUTHOR

Alex Windsor

Alex, a ten-year iGaming industry veteran and Managing Editor at BettingTools specializes in sports betting and betting tools. He also provides insightful reviews, ensures the accuracy of all offers, and maintains content quality helping you make informed choices. Combining professional expertise with a passion for football and soccer, Alex ensures we offer you a reliable resource, focusing on betting tools to assist with odds, accas, and other betting strategies.