DraftKings has a 34% market share of the US online sports betting industry for a reason! With 3.5 million monthly users, it is the second most popular sportsbook in the country, just behind FanDuel.

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!

ProsCons
Two generous sign up bonusesVIP program is invite-only
NFL live streamsDeposit match bonus has high wagering requirements
Fast withdrawalsLimited withdrawal banking options
Generous rewards program
Available in 22 states
20+ sports to bet on

DraftKings Sportsbook Sign Up Bonus

Draftkings Sportsbook Bonus

When you deposit at least $5 at DraftKings, you’ll receive a 20% match up to $1,000 in DK Dollars (DraftKings’ own currency, which functions like bonus cash).

You’ll receive $1 in DK Dollars for every $25 you wager. So, to get $1,000 in DK Dollars, you need to deposit $5,000 and then make bets totaling $25,000. You have 90 days to unlock the bonus.

DK Dollars are non-withdrawable, and you must complete the 1x wagering requirement before you can cash out. However, luckily, all bets made with DK Dollars are stake return. So, if you make a $10 bet at +200, you’ll receive $30 in withdrawable cash.

DraftKings also have another sign up bonus, when you place your first wager, you’ll get these bonus bets:

  • Bet $5+ to receive $150 in bonus bets
  • Bet $20+ to receive $200 in bonus bets
  • Bet $50+ to receive $250 in bonus bets
  • Bet $100+ to receive $300 in bonus bets

Each bonus bet is worth $25, and you’ll get them irrespective of the result of your initial bet. So if you place a $100+ wager, you’ll pick up 12 bonus bets, each worth $25, and you have 7 days to use all of them.

You don’t need a promo code to claim either of the DraftKings sign up bonuses. Unfortunately, you can only get one. Personally, I recommend making a $100 wager and scooping up the $300 worth of bonus bets!

Our Favorite Betting Tools and Features at DraftKings Sportsbook

DraftKings Sportsbook is a market leader when it comes to cutting-edge betting tools. These are my favorite DraftKings features:

Live Streams

DraftKings offers free live streams of every NFL game live 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.

Reignmakers

Draftkings Sportsbook Reignmakers

DraftKings has released NFTs that represent specific athletes. These digital trading cards are licensed by the NFL, PGA TOUR, and UFC and can be used to compete in fantasy competitions where you’ll earn points based on your player’s performance. You can also buy and sell reignmakers in the DraftKings marketplace.

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.

DraftKings Social

Draftkings Social Homepage

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!

Our Experience & Score of DraftKings Sportsbook

My experience at DraftKings Sportsbook was off to a good start thanks to the $300 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.

Banking is another aspect that DraftKings has nailed. Where else can you withdraw $1? They have a solid selection of payment methods, from credit 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 DraftKing’s safety, they are a publicly listed company, are licensed in 22 states and were even the first online sportsbook to launch in the US.

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 hiring a few more customer support reps!

Review AreasScore
Welcome Bonus8
Betting Markets8.5
Banking8
Support6
Safety9.5
Promotions8

DraftKings Sports Markets

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.

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 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. PayPal tends to be the fastest online withdrawal method 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:

Customer Support MethodContact Details
Chat BotGo to the help center and click “How can we help?”
Xhttps://x.com/DK_Assist
Callback RequestVia chatbot
Emailsupport@draftkings.com
FAQhttps://help.draftkings.com/hc/en-us/categories/4405505460243-Sportsbook
MailDraftKings Customer Support
222 Berkeley St
Boston, MA 02116

Is DraftKings Sportsbook Legit?

You can’t get more legit than DraftKings Sportsbooks. They are fully licensed in 20+ 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

Draftkings Sportsbook Deals

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:

VIP StatusTier Credits RequiredRewards
Bronze0N/A
Silver5,000Earn 10% extra Crowns
Weekly prize chests with up to 100,000 Crowns
Exclusive contests
Gold25,000Earn 20% extra Crowns
Weekly prize chests with up to 200,000 Crowns
VIP customer support
Diamond90,000Earn 30% extra Crowns
Weekly prize chests with up to 1 million Crowns
VIP event invitations
Onyx175,000Earn 40% extra Crowns
Weekly prize chests with up to 5 million Crowns

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 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.

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.

DraftKings Sportsbook
4.5/5