The DraftKings sports betting site treats its members to some great bonuses and promotions. When you register, the bookie will match your initial bet 100% for a DraftKings bonus of up to $500 (e.g. If you deposit and wager $500 for the bonus, you will get a $500 free bet that comes with terms and conditions). After testing 20 online sportsbooks for our 2021 review, here are our top findings on DraftKings Sportsbook: DraftKings offers the widest variety of bets I’ve seen so far from a sportsbook. DraftKings offers betting pools, daily fantasy sports, instant bets, and a Sports Betting National Championship contest in addition to all standard bet types. DraftKings was the first mobile Sportsbook to open in New Jersey and is now also live in West Virginia as well as Indiana, Pennsylvania and Tennessee.Also, it was the very first legal sportsbook outside of Nevada since regulatory changes came into effect. DraftKings Sportsbook Review & Promo Code No one will be shocked to find out that the daily fantasy sports kings jumped right into offering legalized sports betting in the United States. We’re talking about DraftKings, of course, which was actually the first legal online sportsbook outside the state of Nevada. DraftKings Sportsbook is much more limited because of state laws. As of 2020, you must be located in New Jersey, West Virginia, Indiana, Pennsylvania, or New Hampshire at the time you.

Updated DraftKings Review – Still the Leader in Daily Fantasy?

Over the past five NFL seasons, DraftKings has taken daily fantasy sports to the next level. While we can remember the first-ever Millionaire-Maker, DraftKings ran four Millionaire-Maker contests in one week earlier this season.

Innovative additions to their DFS product such as Showdown contests, Best Ball contests, and Live Finales only further separate DraftKings from the competition. Once you are ready to get started, be sure to use our DraftKings Promo Code for a 100% deposit bonus upon registering.

1. 2Who is DraftKings?
2. 3DraftKings Review of Website and App
3. 5Complete Draftkings Sportsbook Review for October 2020

Who is DraftKings?

We feel obligated to start this DraftKings review with a bit of background information on the company itself. DraftKings has an interesting story, and their journey from startup to a billion-dollar valuation is incredibly impressive and should play a role in whether or not you trust them with your business.

Over the past few years, DraftKings has been instrumental in legalizing the game of playing fantasy sports for money online in the United States. Furthermore, DraftKings has been equally important in the ongoing battle to legalize sports betting outright.

The brains and ambition behind the meteoric rise of DraftKings belong to Jason Robins, Matthew Kalish and Paul Liberman. The complete back story of the company is the dream of any sports-loving techie in the 20 to 30-year-old range.

All three of these entrepreneurs previously worked at Vistaprint. While we don’t have a complete chronology, with a little imagination, one can understand how exciting the early days of creating a daily fantasy sports platform must have been.

It is however, a known fact that DraftKings Inc., actually started operations out of Paul Liberman’s house.

In early 2012, the three pals launched the startup that they’d previously been working on part-time. The very first contest was a daily fantasy baseball game (which was actually a free entry with a $100 prize pool). The first-place winner of the said contest won $50 and DraftKings was on its way.

The team continued to develop the product and added/updated formats, features, contests, and most importantly, found daily fantasy sports players. One of the key factors in DraftKings’ early success was aggressively pursuing online affiliates.

Taking their business to the next level, DraftKings acquired daily fantasy sports competitor StarStreet, in mid-2014 for an undisclosed amount. In late 2014 and early 2015, they would go on to make deals with MLB, NHL, and ESPN. This one year would completely alter the fantasy sports industry forever.

More specifically, DraftKings became the official daily fantasy game of the NHL. In addition, DraftKings became the official daily fantasy game of the MLB. Lastly, short-lived as it was, DraftKings & ESPN made an advertising deal for $250 million over 3 years.

Additionally, as DraftKings continued to expand, they made a few early, important, and notable moves. These include but are certainly not limited to funding from FOX Sports, Kraft Group, and Wellington Management.

In terms of early partnerships, DraftKings forged relations with the NFL, Bleacher Report, Nascar, and UFC.

In August of 2015, Jeffrey Haas was brought on board as the Chief International Officer to help expand the brand around the world.

From February to September of 2018, iGaming executive Sean Hurley was brought on to spearhead the first DraftKings sportsbook platform. Sean and the team were successful in this endeavor. DraftKings legally rolled out its sportsbook to indeed accept sports betting or wagers in New Jersey.

With a mountain of success under their belts, the founding DraftKing’s team was considering a merger with industry rival, FanDuel. This is of course until the FTC stepped in and the FanDuel Group and DraftKings merger was called off.

This was to avoid monopolizing the market space as the two pillars control roughly 90% of the entire industry.

DraftKings Inc. is headquartered in Boston, Massachusetts, with additional offices in California, Florida, Nevada, New Jersey, and New York. Their new HQ is a 105,000 square foot space, which is the largest single-floor office layout in all of Boston. They employ over 700 people.

DraftKings Review of Contest Types

Offering more content types than any other daily fantasy sports platform in the world, DraftKings is the place to place for more options and variety. They feature all the standard contests we have all come to know and love such as 50/50s, Head to Heads, and of course massive Guaranteed-Prize-Pool Tournaments, along with a number of others.

In addition to the standard variety of contests, DraftKings offers Beginner Type, Casual Type, Double-Ups, Multipliers, Satellites, and Qualifiers. There are also a ton of ways to sort or filter contests, including but not limited to Entry Fee, Prize Pool, and Total Entries or Field Size. Lastly, you can sort game style by Classic, Showdown, or Tiers (among others – depending upon sports season).

Nobody in the industry offers a wider variety of contest types than DraftKings. Not only do they currently offer a wider selection of contest types, but they are currently pushing the bar higher, releasing new ways to play every season.

The latest contest type to hit the DraftKings lobby is the In-Game-Showdown. We first saw these contests in November of 2019, and then even more of them in December 2019, and fast forward to the 2020 NFL season and the Showdown is now one of DraftKings’ most popular formats!

This contest allows you to draft a new Showdown lineup at halftime of an NFL game. With this new format, you are never out of the game, even if it has already started!

DraftKings Review of Entry Limits

We talk more about entry limits than any website on the planet. If you’re reading this review, you’re more than likely fairly new to daily fantasy sports. Welcome, we’re happy to have you on-board. If you don’t leave learning anything else, please understand the importance of entry limits.

When we refer to entry limits, we’re talking about the total number of lineups that any one participant can enter into a single contest. The importance of being aware of entry limits as it relates to DraftKings cannot be overstated.

Typically, new players are attracted to contests featuring large prize pools, which is totally fine. However, in most contests featuring enormous prize pools, there will also be seriously large entry limits.

If you are reading this DraftKings review then it is important you understand what contests you should be entering during your first month on their platform. As a new player, you need to focus on what we call cash games.

For example, you could be entering a contest where your competitors are entering as many as 150 different lineups, compared to your 1. Given player pools are typically limited to 11 games, of which only a handful have significant fantasy impact, this means that when you build a good lineup there is likely a pro out there building a dozen variations of the same exact lineup.

DraftKing’s entry limits are easily identifiable. Simply click on the contest title or the ‘M’ on the contest description and find the limit on the top right-hand side of the pop-up. Specifically, the number is located next to the ‘Multi-Entry’ title.

Uno On Facebook

If you’re a newbie, seek out single entry contests as if your bankroll depends on it because it does. We would also recommend you check out the average results page at DraftKings to give yourself an idea of the odds to win.

DraftKings Review of Player Pricing / Team Budget

Draftkings Sign In

Unlike some daily fantasy sports platforms, DraftKing’s player pricing and team budgets or salary caps are pretty consistent from contest to contest and sport to sport.

For example, you’ll likely be creating lineups with a $50,000 budget regardless of the sport or the total number of ‘players’ making up your lineup.

Like all modern-day fantasy sports, player pricing is about as dialed in as it could possibly be. With that being said, there’s always a chance to find value at the beginning of any season.

While certainly not a season-long strategy, look for value in player pricing on opening day schedules.

Outside of that, search for value elsewhere. We actually go into great detail about finding value in our podcast.

DraftKings Review of Website and App

In terms of shear interface cleanliness and design, FanDuel has the upper hand. However, in terms of available platform features and options, DraftKings is second to none.

We expect DraftKings to continue making their platform more user-friendly over time. Especially as it relates to lower their churn rate (ie. newbies finding the platform confusing). One thing you can do as a new player is to review DraftKings’ commitment to fair play. If you are aware of the uphill battle new players face, you will be less likely to fall into the same mistakes most newbies make.

If you’re a daily fantasy sports fan, however, there is literally no better place to play on the planet. Also noteworthy, the native DraftKings app is extremely playable. For daily fantasy sports news and data fanatics, the DK Live app is a must-have.

Lastly, as sports betting continues to roll-out across the country, the DraftKings Sportsbook app will be nothing short of addictive.

Pros and Cons for the DraftKings DFS Product

Each item on this complete list of pros and cons for the DraftKings DFS website and app has been updated for the 2020 NFL season. These are the best features and biggest problems with the current DraftKings Daily Fantasy Sports product.

Even for us, despite working in this industry for nearly a decade, it can take writing out the pros and cons of a product to truly understand how special it is. DraftKings has driven innovation in the DFS industry for the past 8+ years, deservingly making it the titan of the industry that it is today.

DraftKings DFS Review Summary

In closing, DraftKings is one of two absolutely dominant daily fantasy sports platforms. They didn’t earn that position by purchasing it. We do not give out favorable reviews for no reason, in fact, the majority of the platforms we review have a grade of 3.8 stars or lower.

DraftKings is a 5-star company because they constantly push the limits in this industry, is a leader in innovation and has taken daily fantasy sports to a completely new level in 2019.

Complete Draftkings Sportsbook Review for October 2020

In this DraftKings sportsbook review, we will break down everything you need to know about the current DraftKings SportsBook product. This includes where it is legal and licensed, a review of bet types available, website and app UX and functionality, and even a breakdown of juice charged to players. If you think your ready to place your bets, be sure to use our DraftKings Promo Code for the max deposit bonus when setting up your new account.

We are incredibly excited and encouraged by what we’re seeing in the American sports betting market.

We’re not going to go into detail regarding the DraftKings company, its founders, or their history in this review. If you’d like to learn about that specific information, we encourage you to read our DraftKings Review.

We’ll assume that you’re completely up to speed about the history of sports betting, specifically online, relative to the United States.

Now that we’re all at the proverbial edge of our seats as it relates to rolling out legal sports betting in the U.S, let’s consider where DraftKings is at, what they’ve done to get here and what the company’s future looks like.

DraftKings has perhaps done more as a relatively small private business than anybody or any group in the arena of daily fantasy and sports betting.

Not only have they legitimized daily fantasy sports and opened up a path to market, but they’ve also helped bring the overarching question of legally betting on sports in the U.S to individual states.

While we don’t want to get politically wonky, the primary reason for U.S sports betting is in the national headlines is the Supreme Court’s decision in Murphy v. National Collegiate Athletic Association, made on May 14th, 2018.

In an extremely unique bipartisan ‘situation’, New Jersey became the first state in which DraftKings was able to offer sports betting online.

All political leanings aside, New Jersey Governor Phil Murphy (Democrat) brought the state’s sports betting case to the Supreme Court of the United States (SCOTUS). The court essentially struck a conservative-leaning decision in striking down the federal Professional and Amateur Sports Protection Act (PASPA).

We use the word conservative because the reasoning behind striking down PASPA predominantly stemmed from the 10th Amendment of the Constitution of the United States and individual state sovereignty.

For those interested, the 10th Amendment states, ‘The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.’

In layman’s terms, before this ruling in mid-May 2018, even if an individual state wanted to take measures to legalize and regulate sports betting within its borders, it wasn’t able to due to a ‘Federal Act’ established in 1992.

What happened in New Jersey creates the pathway for every other state in the country to make their own decisions relative to sports betting. The SCOTUS ruling in no way, shape, or form created some sort of new free market or a blank canvas for sports betting operations.

In fact, the SCOTUS decision simple brought the matter of sports betting to the states themselves. Unfortunately, even at the state level, there are countless laws, rules, and regulations to deal with. In other words, sports betting in the U.S is making incredible strides towards legalization, but there are many headwinds that will challenge its rollout.

Nevertheless, DraftKings is up for the task. After all, the FTC ensured that DraftKings couldn’t merge with FanDuel. They officially have little else to do, except for continuing to dominate daily fantasy and push for the unleashing of sports betting in U.S markets. Both of which they’ve played a vital role in completely re-inventing.

The DraftKings is run by it’s a fearless and innovative leader, Jason Robins. Who’s been indeed responsible for building the now billion-dollar company from the ground up.

A Duke University economics and computer science grad, Robins has been closely tied to the passing of 19 legislative bills relative to daily fantasy and sports betting.

DraftKings and FanDuel account for roughly 90% of the daily fantasy sports space in the United States. In our opinion, DK will have similar market dominance in the sports betting space. Even if they eventually get purchased, the DraftKings name and likely operations will remain exactly the same. Their legal department and lobbying weight, however, will likely increase.

DraftKings Sportsbook Review of Betting Types

All the typical betting options are available via DraftKings, including but not limited to game lines, prop bets, parlays, teasers, live betting and futures.

For the new sports betters among you, know that live betting is relatively new and exciting.

Where betters that came before you could only dream of live betting, you’ll be introduced to an absolutely huge variety of ways to bet on players and games you are interested in.

The wide variety of additional betting types vary by sport. For example, you’ll see options of betting on home runs, strikeouts, hits, and runs when it comes to MLB. When it comes to golf, for example, you can bet on finishing positions and players placing in the top 20 as well as leaders & scores after each round. You get the idea.

DraftKings Sportsbook Review of Rollover Policy

Thankfully, DraftKings doesn’t have a rollover policy. For those that don’t know, most offshore sportsbooks do have a rollover policy and it’s often an absolute bear to deal with. US sportsbooks however are going to be heavily regulated to ensure entirely fair practices.

With that being said, it’s incredibly important to read over DraftKing’s terms and conditions to ensure you are not hit with any surprises regarding your account.

Being that you probably won’t read the entire legal document, we strongly advise that you at least have a look at the payment and withdrawal sections, as well as all information related to the rules of the sport you’ll be betting on.

When it comes specifically to promotions and bonuses, DraftKings clearly lays out the guidelines and or terms for each. For example, they offer all different kinds of promotions throughout the year and they tend to vary based on the sport and or event. Importantly, these promotions are used to entice you to bet, they’re not just handing out free money or free anything. Before accepting any special offers, be sure to read the full details to understand exactly what you’re signing up for.

DraftKings Sportsbook Review of House Rules

In order to find DraftKing’s ‘House Rules,’ you’ll need to navigate to the help tab. From there, you’ll be able to view both General Betting Rules and Sport Rules. If you’re going to be betting on sports with DraftKings, it’s important that you understand the rules, at least as they relate to the sport your betting on.

For example, their football section has 19 rules. The first rule is as followed, ‘Unless otherwise stated, all bets on Football are determined on the basis of the result after the so-called extra (over) time.’ The rest of the rules deal with other typical variations that can impact betting on football on their platform, including often controversial situations.

DraftKings Sportsbook Review of Platform / App UI & UX

Just like DraftKings DFS, their Sportsbook platform is as good as they come. It’s developed and designed with ease of use or intuitiveness in mind.

DraftKings knows the tidal wave of users that will soon be on this platform and they’re going all out, holding nothing back in its creation.

Additionally, they have a phenomenal help section, full of videos and tutorials to answer the many questions that new sports betters will no doubt have. The DraftKings Sportsbook native app will undoubtedly be downloaded on millions of phones and used daily as sports betting is legalized throughout the U.S.

DraftKings Sportsbook Review of Sports Covered

All of the major sports are on the menu of course, including the NFL, NBA, MLB, NHL, Golf, NCAAF, and NCAAB. In addition, for those of you who like to bet on everything, MMA, Soccer, Boxing, Cycling, Motor Sports and even Rugby are also available.

DraftKings Sportsbook Review Summary for 2020

The bottom line is that the DraftKings Sportsbook is already an extremely polished product. With more betting options, better live betting, and some of the top new player promotions in the industry, DraftKings should remain one of, if not the top book in the US.

All that’s left is for users from each state to be allowed to use it, legally.

Additional Platform Reviews

Why stop now? Check out our reviews for all of the major platforms in both DFS and sports betting. Below are four of our most popular reviews outside of this DraftKings review.

You may also be interested in our reviews of popular sports betting and daily fantasy tools. We review new products every day, you can subscribe in the footer of this page to have these reviews delivered to your inbox!

Since the U.S. Supreme Court made its ruling in 2018 that allowed individual states to create their own sports gambling laws, the industry has been racing to expand across the country.

As each state passes new laws, writes its regulations, and issues sportsbook licenses, DraftKings has been right there. Wherever there is legalized sports gambling in America, there is a DraftKings sportsbook.

At one point, there was some question as to how the daily fantasy sports giant would do in transitioning to a full-scale sports gaming operation. After seeing DK at the top of the drive to legalize and expand sports betting, those questions and concerns feel like ancient history.

DraftKings Sportsbook Overview

Online Since: 2012 (Daily Fantasy Sports) and 2018 (Sportsbook)

Sign-up Bonus: $500 risk-free first bet

Bonus Requirements: Must be used within 30 days, bonus amount not paid out in winnings

Deposits: PayPal, online banking, Visa and Mastercard, Skrill, Play Prepaid Card, cash

Withdrawals: Check, PayPal, ACH (eCheck)

Bitcoin: No

New Player Bonuses

DraftKings is currently offering new customers a 20% deposit bonus of up to $1,000. New users will receive this bonus in betting credit through DK sportsbook rather than cash.

Eligibility for the deposit bonus only entails that you’re a new user that has never deposited on DraftKings before. The bonus amount is not eligible for withdrawal, but any winnings that result from the bonus are the player’s to keep.

Other Bonuses and Incentives

Like many sportsbooks, DraftKings offers a series of bonuses above and beyond the $500 first bet bonus to draw in new customers.

Deposit Bonus

DraftKings is offering a 20% bonus on initial deposits of up to $500. The money can be withdrawn as winnings once it’s been played through 25x and in the first 90 days.

Refer a Friend Bonus

Invite a friend to join DraftKings, and if they do, and make a deposit of at least $25, the referring player will receive a free bet of up to $100. The total amount of the free bet is dependent on the size of the new player’s deposit.

Odds Boosts and Insurance

DraftKings features daily odds boosts that change and rotate through different sports depending on the season and the marquee event of the day. They also offer parlay insurance, which refunds the cost of the bet in the event one leg of the parlay fails to hit. There are also similar insurance promotions on individual sports.

Where DraftKings is Available

The list of places where sports betting is legal and DraftKings is available is growing by the week. As of right now, you can find DraftKings in the following locations.

Retail Access

DraftKings operates retail brick-and-mortar sportsbooks in New Jersey, New York, Pennsylvania, Mississippi, Illinois, and Iowa.

Web Access

You can place online wagers through the DraftKings sportsbook in New Jersey, West Virginia, Indiana, Pennsylvania, New Hampshire, Illinois, Tennessee, Colorado, and Iowa.

Mobile Access

A DraftKings sports betting app is available in New Jersey, West Virginia, Indiana, Pennsylvania, New Hampshire, Illinois, Tennessee, Colorado, and Iowa.

Types of Wagers and Odds

DraftKings has unified all of its sports betting products, be it retail, online, or mobile – and no matter the state in which the customer is playing – into a uniform set of wager offerings.

All DraftKings customers can wager on point spreads, moneylines, totals, parlays, teasers, game, player and team props, and futures bets. Through DraftKings, players can also create private betting pools that allow customers to compete against their friends.

Because DraftKings is powered by Kambi technology, the platform has the speed and flexibility to handle live wagering for several sports. When betting live, players get access to multiple halftime totals, second chance multipliers, and many evolving buy-out options.

On the odds front, DraftKings offers rotating “no juice” specials that change depending on the sport of the day and the big event of the moment.

Available Sports

Draftkings

DraftKings is proud to claim more than 60 different sports that are available for wagering and sports from across the world.

They offer football, basketball, baseball, and of course, hockey. These have been a part of their DFS offerings since the very beginning.

As a sportsbook, DraftKings also offers wagering of more than 65 different soccer leagues and worldwide competitions. Players can wager on Rugby Union, Rugby League, and Aussie Rules.

Combat sports wagering features boxing and MMA matches from both the UFC and Bellator. Players can also wager on NASCAR, Formula 1, golf, tennis, cricket, cycling, and darts. If it’s competitive, DK likely has a wager for it.

DraftKings Banking

With an eye toward ease, speed, and security, DraftKings suggests its customers use online bill pay to make deposits into their accounts. To make this even easier, they offer direct links to Wells Fargo, Bank of America, Chase, PNC Bank, and TD Bank.

If one of these quick links does not connect to a player’s bank, they can still use their bank account by inputting the data manually.

If a customer is unable to set up online bill pay, there are several other available deposit options. Credit and debit cards can be used, as can PayPal, wire transfer, Skrill, and a DraftKings prepaid card that is available through Play.

To withdraw funds, a customer can use PayPal, ACH, or have a personal check processed and sent through the mail. If bets are made at a DraftKings retail location, or a customer has access to a retail location, winnings can be cashed out there.

At this time, DraftKings is not accepting Bitcoin.

DraftKings Customer Support

On its online and mobile sportsbook, DraftKings features a help section dedicated to betting rules, betting terms, pools, a quick start guide, and a detailed explanation of the legality of sports betting in the customer’s state.

Draftkings Sportsbook Reviews California

There is also a FAQ section to help customers understand available promotions, deposits and withdrawals, account management, and how geolocation technology works.

If all that fails to answer any questions a customer might have, DraftKings does have 24-hour online and email support and a callback option for problems that require a more detailed conversation with a customer service representative.

DraftKings Sportsbook Pros

Draft Kings Reviews

As an industry leader and one of the biggest sportsbooks filling the burgeoning American market, customers can sign up with DraftKings with confidence. They know that if it’s happening in the world of iGaming, it’s happening at DraftKings. Customers will never feel left behind as sports betting evolves.

DraftKings also has some of the most advanced technology in the industry, making the online experience far more user friendly than other sites. It makes live betting easier to manage and far more enjoyable.

DraftKings will continue to innovate, continue to spread its operations across the country, and continue to offer customers top-notch safety and security. All of that makes DraftKings one of the better sportsbooks operating today, if not the all-around best.

DraftKings Sportsbook Cons

They still do not offer bitcoin as a means of deposit, and that will disappoint some customers. DraftKings also has a rewards program that is too complex, and many of their bonus offers require more playthroughs to activate than some other sportsbooks.

Those bonus offers have also been scaled back recently, offering new customers less money than they used to, and giving existing customers less access to opportunities to boost their potential winnings.

Draftkings Sportsbook Reviews

Summary of DraftKings Sportsbook

After our in-depth analysis of DraftKings Sportsbook and other similar books around the United States, our conclusion is that DK garners 4.5 out of 5 possible Betting Midwest Stars.

Once sports betting is legal across the nation and DK accepts more forms of deposit and withdrawal, we have no doubt that they could be the first sportsbook that Betting Midwest gives a perfect 5 out of 5 to. Benedixium!

Reviews On Draftkings