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DraftKings Promo Code: Bet $5, Get $150 In Bonus Bets Instantly For July 2024

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Why DraftKings?
  • Attractive Bonuses and Rewards
  • Fast and Reliable Payouts
  • Strong User Experience
Sportsbook Status State Status Live in NC, KS, NJ, IL, CO, IN, IA, LA, AZ, MA, WY, WV, VA, PA, MI, OH, KY, MD, VT, DC, WI, UT, TX, SD, SC, RI, OR, OK, ND, NM, NH, NE, MO, MS, MN, ME, GA, FL, DE, CT, CA, AR, AK, AL
  • US
  • Legal and Licensed in USA
Accepted Payments

Bet $5, Get $150 In Bonus Bets Instantly

DraftKings is one of the top sportsbooks to bet at. DraftKings offers hundreds of betting markets and odds on every game you can think of. We reccommend getting the DraftKings great offer of Bet $5, Get $150 In Bonus Bets If Your First Bet Wins. Read below to learn more about the DraftKings promo!

DraftKings Promo Code Details

🥇 DraftKings Sportsbook Best For New & Experienced Bettors
🎁 DraftKings Welcome Offer Bet $5, Get $150 In Bonus Bets If Your First Bet Wins
🏆 DraftKings Promo Code None
💳 Minimum Deposit $5
📲 Draftkings Sportsbook App iOS & Android
⌚️ Withdrawal Time 7 Days
🌎 Draftkings Legal States AZ, CO, CT, IA, IL, IN, KS, MD, MA, LA, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY

DraftKings Promo Code Offer & Review

The DraftKings promo code is Bet $5, Get $150 In Bonus Bets. This DraftKings promo is one of the best in the betting industry, which is great to use for the NBA, NFL, MLB, or other sports. The DraftKings promo code sometimes can change, so make sure to get the Bet $5, Get $150 In Bonus Bets.

DraftKings online sportsbook started as a Daily Fantasy Sports site in 2012, and has evolved into a high-quality sports betting site that offers a superb user experience for casual bettors and experienced handicappers alike.

DraftKings sportsbook provides sports bettors a number of convenient deposit methods, and withdrawals are quick and reliable. The site covers an enormous range of sporting events in excellent detail, with plenty of pre-game and live betting, as well as futures wagering options available.

The wagering requirement for the promo is 1x. DraftKings also offers a fantastic array of bonus bets, contests and short-term promotions.

The DraftKings rewards program is also appealing. We would like to see DraftKings offer a live chat option for customer service, but it has a comprehensive FAQ section that answers most sports betting queries. Overall, DraftKings is an excellent all-round online sportsbook that fully merits its status as one of the leading sites in the U.S.

DraftKings Promo Code
DraftKings Promo Code

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Best DraftKings Promo Codes For New Users

When you register for a new account to bet online with DraftKings, you can get a new user DraftKings promo code offer of Bet $5, Get $150 In Bonus Bets promo. This DraftKings promo code can be used for the NFL, NBA, and other sports. It's important to note that there is no specific DraftKings promo code needed to get this offer.

Players must be 21+ years old to signup and use a DraftKings promo code. The offer is for new Draftkings Sportsbook customer only. The player just need to make a deposit of $10 into Draftkings Sportsbook account, after that they can place a wager of +$5 on any sport. You will get $150 in bonus bets if their first bet wins.

The DraftKings bonus is paid as a Bonus Bet. Bonus bets are valid for 7 days after using a DraftKings promo code.

The DraftKings welcome offer, which again doesn't require a DraftKings promo code, is slightly different and not as enticing as a few competitors.

FanDuel, BetMGM and Caesars Sportsbook offer different kinds of NFL promotions, but they do not attach rollover requirements to the bonus funds. However, DraftKings more than makes up for it by running a number of additional bonuses, which are really beneficial.

DraftKings regularly runs Bet & Get bonus offers, so its promotions are actually very generous on the whole. One recent example is a 30-1 odds boost DraftKings ran during the College Football Playoff National Championship Game.

During NFL season, We expect DraftKings runs a "Hammer The Over" promotion, where a maximum bet of $25 can be placed on selected NFL games and DraftKings committed to lower the total points by .5 points for every 5,000 wagers. The last iteration of this promotion during the 2022 season saw the margin on Bills vs. Patriots drop for an incredible 16 points.

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How to Claim DraftKings Promo Code

It is quick and easy to claim your DraftKings promo code offer  Bet $5, Get $150 In Bonus Bets Instantly. Just follow these simple steps to get the DraftKings promo code offer:

  1. ✅ Click on the link on this page to visit the DraftKings sportsbook site.

  2. ✅ Create a new DraftKings account by providing your personal details, including the last four digits of your SSN.

  3. ✅ Enter a DraftKings promo code if necessary, or simply opt-in to claim the signup bonus.

  4. ✅ Make your first deposit. The minimum required is just $5, and you have plenty of options to choose from, including credit card, debit card, ACH direct transfer, e-check, PayPal, Play+ prepaid card, PayNearMe or cash at the DraftKings casino cage.

  5. ✅ You can bet +$1 on any sport

  6. ✅ Get $150 issued as 6 $25 Bonus Bets that are single-use and non-withdrawable.

  7. ✅ The DraftKings bonus funds will then be credited to your account.

  8. ✅ Complete the release requirement on the match deposit bonus funds and any wagering requirements on the bonus bet, and then you can withdraw the winnings you earn.

  9. ✅ Visit the “Promotions” page at DraftKings sportsbook for a list of the current offers that existing customers can claim for added value.

DraftKings Sportsbook Promo Code Offer by State

DraftKings is intent on launching its online sportsbook in as many states as possible. Chief executive Jason Robins has stated his ambition of capturing a 20% share of the overall U.S. sports betting market, and that will require an aggressive rollout program across the country.

It has already emerged as one of the top two or three sportsbooks in a number of states, and it is generally among the first online sportsbooks to go live when a new state legalizes sports betting. The great news is since there isn't an actual DraftKings promo code to enter, bettors in each state have one less step to take in order to get their welcome offer.

⭐ Arizona

DraftKings Arizona launched on September 9, coinciding with the start of the 2021 NFL season. DraftKings in Arizona is offering Bookies users an industry-leading welcome bonus. This includes the DraftKings promo code that gets you Bet $5, Get $150 In Bonus Bets Instantly. We will keep you updated about ongoing promotions, as DraftKings Arizona is one of many Arizona Sportsbooks you can now begin placing wagers and winning at.

⭐ Colorado

The DraftKings mobile betting app has been part of the Colorado Sportsbooks since 2020, when it launched on the license of the Twin River Casino group. The DraftKings bonus offer ofBet $5, Get $150 In Bonus Bets Instantly is available for anyone in Colorado.

⭐ Connecticut

DraftKings launched a sportsbook app and retail sportsbook in Connecticut in October of 2021 through a partnership with the Mashantucket Pequot Tribal Nation. There is a 12,000-plus square foot sportsbook inside Foxwoods Resort Casino.

⭐ Iowa

The company has an agreement to run retail sportsbooks at Wild Rose Resorts casinos across Iowa, and its online sportsbook has been available since February 2020. As with other states, there is no DraftKings Sportsbook promo code to enter in Iowa.

⭐ Illinois

DraftKings went live in Illinois on the license of Casino Queen back in August 2020. The company is keen to seize market share from local operator BetRivers and national rivals such as FanDuel, so it offers several bonuses for Illinois betting enthusiasts. On March 5, the state of Illinois lifted the in-person registration requirement for online accounts, so all customers can now sign up for DraftKings Sportsbook Illinois from their phones and laptops and get an exclusive experience.

⭐ Indiana

One of the Indiana sportsbooks is DraftKings offering a lucrative DraftKings promo Bet $5, Get $150 In Bonus Bets Instantly Also you can claim several ongoing offers throughout the year. The site launched in October 2019 after agreeing a deal with Ameristar Casino.

⭐ Kansas

Kansas sports betting went live at the start of the 2023 NFL season. DraftKings sportsbook offers Kansas bettors a great deal of Bet $5, Get $150 In Bonus Bets Instantly.

⭐ Louisiana

The DraftKings Louisiana Sportsbook launched in October of 2021, giving Lousiana sports bettors access to one of the top sportsbooks in the US. The DraftKings Louisiana app launched on January 28th. You can take advantage of the new offer Bet $5, Get $300 In Bonus Bets Instantly and can get you started bet LSU football in the fall. Sign up now for the DraftKings Louisiana Sportsbook to take part in the fun!

⭐ Maryland

Maryland sports betting went live at the middle of the 2023 football season. DraftKings Sportsbook was one of the best options to bet on football. Make sure to use a DraftKings promo code to start betting.

⭐ Massachusetts

Massachusetts sports betting started for March Madness 2023. Massachusetts bettors have DraftKings Sportsbook as their top option to bet with. Use a DraftKings promo code to get a Bet $5, Get $150 In Bonus Bets Instantly.

⭐ Michigan

DraftKings was among the first Michigan sportsbooks to go live after the state permitted online sports betting in 2020. It has a deal with Bay Mills Resort & Casino in Michigan, and you can sign up now to claim your DraftKings welcome offer.

⭐New Hampshire

New Hampshire has DraftKings Sportsbook as a top betting option for sports fans. Make sure to use the DraftKings promo code Bet $5, Get $150 In Bonus Bets Instantly when you sign up to bet.

⭐ New Jersey

New Jersey was the largest sports betting market in the country before New York sports betting wiped it out rather quickly. DraftKings was one of the first online New Jersey sportsbooks to launch in the Garden State, but it has had to battle hard to retain market share and fierce competition there. You can claim your DraftKings promo today if you are based in New Jersey and do not yet have a mobile sports betting account.

⭐ New York

Sports betting in New York has exploded into the biggest market in the U.S since it launched on Jan. 8, 2022. DraftKings was one of the first operators to launch in the Empire State and has reaped the benefits of New Yorkers betting roughly $5 billion since January.

New York is one of a few states that allows sports betting, but not iGaming, so it's important to note that you won't have a DraftKings online casino tab on your DraftKings app.

⭐ Ohio

Ohio sports betting went live in January and DraftKings Sportsbook is a top option in the Buckeye State. You can sign up now to bet on top Ohio teams like the Browns and Bengals before the NFL starts. Use the DraftKings promo to get a Bet And Get Up To $300 In Bonus Bets bonus.

⭐ Oregon

Oregon sports fans can use DraftKings Sportsbook to bet on their favorite sports and even Oregon Ducks football. You can use the DraftKings promo code to get a Bet $5, Get $150 In Bonus Bets Instantly.

⭐ Pennsylvania

DraftKings is one of the leading online sportsbooks in Pennsylvania. It has a partnership with Meadows Casino, which allows it to provide online sports wagering statewide, and it has some enticing promotions available for Keystone State residents.

⭐ Tennessee

The DraftKings sportsbook app launched in Tennessee after the state permitted the online Tennessee sportsbooks to be legal in 2021. You can claim the DraftKings deposit bonus and several short-term promotions if you download the mobile app or visit the desktop site.

⭐ Virginia

DraftKings was the second Virginia sportsbook to go live when the state rolled out its legal sports betting industry in 2021. The DraftKings Virginia players can Bet $5, Get $150 In Bonus Bets Instantly they can benefit from a suite of ongoing offers.

⭐ West Virginia

DraftKings has been part of the West Virginia sportsbooks since the start of the 2019 NFL season, and it is one of the state's leading sportsbooks. The DraftKings sportsbook new offer is Bet $5, Get $150 In Bonus Bets Instantly. You should also receive some exciting new offers.

⭐ Wyoming

DraftKings is getting ahead of the game with a signup offer in the Wyoming sports betting market, where online and mobile sports betting went live in September 2021. DraftKings offers new customers in Wyoming a Bet And Get Up To $300 In Bonus Bets bonus.

Additional DraftKings Promo Codes & Bonus Offers

DraftKings more than makes up for high playthrough requirement by offering some attractive bonuses in conjunction with that match deposit welcome offer. DraftKings sometimes offers a $1,050 welcome bonus, whereby it throws in a $50 bonus bet alongside the match deposit offer.

At other times it essentially gives away a $100 bonus bet via its “Bet $1, Win $100” which is explained in detail further down in this guide. These promotions are attractive to casual bettors.

DraftKings also provides a wealth of ongoing bonuses, contests and other promotions in a bid to reward existing customers and keep them from migrating to a rival, so you can earn a lot of added value by signing up for a DraftKings account.

It is very rare to see an online sportsbook operator provide such a broad and varied range of bonuses. To learn more about the features, be sure to take a look at our DraftKings review.

DraftKings has run very similar promotions tied to UFC events in the past, and it is highly likely to continue running these appealing bonuses in the future as it aims to emerge as the top online sportsbook in America.

DraftKings allows you to claim these offers in conjunction with the deposit bonus at DraftKings and get up to $1,550 (including the $50 Bonus Bet and the $500 DFS Deposit Bonus), so there is a very strong incentive to sign up for a sportsbook account if this bonus is on their site. You will then receive an ongoing mix of bonus bets, odds boosts and short-term DraftKings promo offers, along with automatic enrolment in the loyalty program. Be sure to grab the latest DraftKings promo by clicking any of the links below.

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DraftKings Bonus Code 2024

DraftKings current promotion for new customers is Bet $5, Get $150 In Bonus Bets Instantly. You can also enjoy a $50 in site credits casino bonus at DraftKings, but the sportsbook bonuses require you to make a deposit of your own money to claim them.

In order to get this bonus, you need to make a deposit ($5 minimum) into your Sportsbook account and place a wager of at least $5, which will be your qualifying bet. Get $150 issued as 6 $25 Bonus Bets that are single-use and non-withdrawable. Bonus Bets are valid for seven (7) days.

DraftKings Casino Promo Code

DraftKings also offers one of the best online casinos in the industry, which is easily accessible through the DraftKings app. New users at DraftKings online casino can get a 100% deposit match up to $2,000, plus $50 in bonus casino credits. Again, it's important to there isn't a specific DraftKings casino promo code to enter to get the offer. Just make an initial deposit of at least $5 (the playthrough requirement is 15x).

Per the DraftKings promo code terms on the DraftKings website, different casino games will contribute to the rollover at different rates. For instance, a $10 bet will contribute 100% on most slots, Keno, Rocket and virtual sports. You have 30 days to complete the wagering requirement for this DraftKings casino bonus.

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DraftKings States Restrictions

Sports betting is now legal in more than half of the states in the country, and that number continues to swell. DraftKings offers a very consistent service across state lines, but you may find individually tailored bonuses when it first goes live in a new state.

DraftKings Sportsbook Overview

Jason Robins, Matthew Kalish and Paul Liberman created DraftKings in 2012. The business initially operated out of Liberman’s house in Boston, and its first contest was a one-on-one MLB tournament.

DraftKings rose to prominence as a provider of daily fantasy sports contests, covering all the major sports leagues. Sports wagering was illegal in every state apart from Nevada, and DFS provided Americans with a tantalizing opportunity to earn a profit from their sporting expertise.

By 2018, DraftKings had become a household name among sports fans. It had attracted a diverse array of investors, including MLB, Fox Sports, Kraft Group, The Raine Group, as well as existing investors Redpoint Ventures, GGV Capital, Accomplice, and tied up advertising deals with the likes of ESPN and NHL.

A proposed merger with rival FanDuel sportsbook had failed to come to fruition, as it was blocked by the Federal Trade Commission, but it was still going from strength to strength.

It really took off after the Supreme Court struck down PASPA in 2018, paving the way for states to legalize sports wagering. The team wasted no time in bringing a DraftKings sportsbook mobile app to market, having hired award-winning white-label provider Kambi to provide the platform, and it embarked upon a major expansion drive (it has since migrated to SB Tech).

The site still offers daily fantasy sports contests, and it has expanded into online casino gaming too, but the main focus is now online sports betting. DraftKings went public on the NASDAQ via a three-way merger with white-label supplier SBTech and a SPAC called Diamond Eagle in 2020.

That provided the business with a major cash injection, and it has used that war chest to invest heavily in promotional credits as it bids to seize market share from rivals like FanDuel – which also pivoted towards sports betting – and BetMGM Sportsbook.

DraftKings has transferred from the Kambi platform to the SBTech platform, which should allow it to save money and offer customers even more lucrative promotions. The company operates retail sportsbooks in various states, and it has tied up deals with some of the country’s most famous casinos to launch the DraftKings app on their master licenses.

Robins, the company’s chief executive has gone on to become a billionaire on paper after the firm’s share price soared, and he set DraftKings a “very achievable and perhaps conservative” long-term annual EBITDA target of $1.7 billion.

How to Sign Up For DraftKings Sportsbook

DraftKings Sportsbook offers a simple registration process and DraftKings promo code. You can click on the gray “Sign Up” button at the top right of the homepage to begin the four-step procedure.

  1. You will be asked to choose a username and password and enter your email address.

  2. At this stage you can choose a DraftKings bonus. This is optional. You can bet a minimum of $5 on any sport and you will get $150 in bonus bets right away, issued as six (6) $25 Bonus Bets that expire in 7 days. There is no promo code for this offer. If you do not want to deal with wagering requirements, you can simply opt out of the welcome bonus.

  3. Agree to the terms and conditions and click “Next.” You will then be required to enter your name, address and the last four digits of your SSN. In some cases, you will have to provide a scan of photo ID and a utility bill to prove your identity as part of a KYC (Know Your Customer) procedure.

  4. You must then secure your account and confirm your location. The DraftKings Sportsbook mobile app should be used in conjunction with a geolocator. This proves that you are located within a state that offers legal sports betting and in which DraftKings is licensed to operate.

    NOTE: DraftKings is live in New Jersey, Pennsylvania, Michigan, West Virginia, Connecticut, Colorado, Wyoming, Virginia, Indiana, Illinois, Tennessee, Iowa, Arizona, Oregon, New York, New Hampshire, Massachusetts, Louisiana, Kansas, Ohio and Maryland.

One thing we should point out is that there can be pitfalls to opening a DraftKings gambling account when you already have a DraftKings daily fantasy account.

Both accounts will lock if a new account is made with identical information, and the process of removing this lock can be frustrating. Otherwise, the signup process at DraftKings is smooth and simple, but it also provides players with confidence in the site’s strong security measures.

Sports Betting Markets at DraftKings Sportsbook

You will find a list of the most popular sports and leagues at the top-left of the DraftKings Sportsbook homepage. They are also at the top of the dropdown menu on the DraftKings mobile app. The list varies throughout the year, according to which major sports leagues are currently in season, but the main sports covered at DraftKings are:

These sports are all covered in exceptional depth. Right now you can bet on a huge range of leagues at DraftKings sportsbook after using a DraftKings promo code to sign up. For example, the basketball section features tournaments in Australia, France, Germany, Italy, Lithuania, Portugal, Sweden and Turkey alongside NBA, NCAAB, WNBA and Euroleague.

There are also lots of hockey leagues from across Europe featured, while the soccer section covers action in countries and territories like the Faroe Islands, Gibraltar and Hong Kong, along with lower league games in many countries.

You will find a wealth of betting options at your disposal within big games. For instance, an NBA game will include point spread, total points, moneyline, alternate lines, alternate totals, player props and game props. These include player points, assists and rebounds, the player to score the first field goal, the top points scorer of the game, and so on.

You will benefit from a similar breadth of betting options on football, basketball and hockey games, and there are even more props on soccer matches. Tennis and golf fans should be impressed by the large range of different bet types on offer too. DraftKings sportsbook has lots of futures betting options, and a great live betting section that covers most sporting events.

DraftKings also now has the option to place a Same-Game parlay, which was a big advantage FanDuel was exploiting. However, it's only available for select games. Just look for a +SGP icon in the left corner and toggle "Same Game Parlay."

Alongside the major sports, DraftKings also covers:

  • 🏉 Australian Rules

  • 🥊 Boxing

  • 🏏 Cricket

  • 🚴 Cycling

  • 🎯 Darts

  • 🤾 Handball

  • 🥍 Lacrosse

  • 🏎️ Motorsports (NASCAR, F1, IndyCar)

  • 🏉 Rugby League

  • 🏉 Rugby Union

  • 🏓 Table Tennis

That is a very thorough list of sports, and they are all covered in excellent depth. There are a couple of notable absences, such as volleyball, but it is rare to find an online sportsbook that accepts bets on lacrosse, so that is a clear selling point for DraftKings.

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DraftKings Site Experience

The user experience on offer at DraftKings is fantastic. DraftKings offers an aesthetically pleasing gray, black and green color scheme. Navigation is simple and effective, as the menus are designed intuitively, pages load quickly and there are lots of helpful shortcuts.

The DraftKings pages look clean and orderly, which helps users find wagers quickly. The bet slip is divided into singles, parlays and round robins, and it populates well.

A search function would be a nice addition in future, as that would aid the navigation process. And it would also be great to see DraftKings offer more statistical information on games. However, overall, the site experience is impressive.

🖥️ Betting Interface Very User-Friendly
📱 Mobile Betting Yes
📱 DraftKings Betting App Apple, Android
🤑 Live Sports Betting Yes
📺 Live Sports Streaming Yes

DraftKings Sportsbook Betting App Experience

The DraftKings sportsbook mobile app has proved extremely popular since it was launched in 2018. The team already had plenty of experience in running a DFS mobile app, and it was in a strong position to pivot towards sports betting.

The mobile sportsbook follows a very similar design to the desktop site, and this consistency is helpful. The SB Tech platform translates well onto the betting app, and navigation is smooth.

One major selling point for the DraftKings mobile app is that it does not have issues with geolocators, compared to the FanDuel sportsbook. Poor compatibility with geolocation software causes all sorts of glitches with rival apps, but that is thankfully not the case with DraftKings. Its geolocators are accurate, and that helps the mobile app run smoothly.

We tested it out on a range of iOS and Android devices and were impressed with the functionality and the sharpness of the graphics, even on older devices.

You can download the DraftKings mobile app from the sportsbook mobile site, or by visiting the App Store or Google Play. It has an average rating of 4.8 out of 5 on the App Store after receiving more than 215,000 user reviews, which is very impressive.

Yet we found it warrants such praise, as it is easy to use, the buttons are sharp to the touch and it allows you to place wagers quickly and effectively. Bettors will of course be pleased to know the DraftKings promo code will be available from the mobile app upon sign up.

DraftKings Daily Fantasy Promo Code

You can find a great DraftKings promo code for single game betting or daily fantasy. You will receive a No Stress First Picks Up To $100 Bonus if you sign up for a daily fantasy sports account at DraftKings.

The playthrough requirement must be fulfilled within 7 days of the date of your beginning deposit. After that date, you will be ineligible to earn any additional bonus money as part of this DraftKings promo code.

Quality of DraftKings Odds

The odds are pretty good at DraftKings sportsbook. It offers standard dime lines on most sides and totals, but it occasionally offers -109 / -112 or -107 / -114, so you can find some interesting value on certain teams, and the alternate spreads provide you with a great deal of flexibility. The odds on moneylines, props and futures are rarely market leading, but they are competitive with rival sportsbooks. It releases its lines fairly early and you can sign up with a DraftKings promo code to start making bets at the sportsbook.

Notable Features of DraftKings

The DraftKings betting site is full of rich features that enhance the overall experience and offer you added flexibility and control over your wagers. These are some of the key features you can access:

Live Betting

The “Live In-Game” section at DraftKings sportsbook is very comprehensive. It covers all the biggest NFL, basketball, baseball and hockey games, along with thousands of soccer matches, tennis matches and golf tournaments, plus a variety of niche sports.

The list of wagering options is always impressive. For example, you can bet on the outcome of every single point or game in obscure doubles tennis matches featuring unheralded players. Live streaming is often available, or you can alternatively see live score updates and infographics.

Cash Out

You also have the option to cash out your bets before the game ends if you are worried that your team will struggle. This allows you to take an early profit, sit back and relax, or mitigate against the potential for further losses. All modern sportsbooks should offer this function, so it is great to see it available at DraftKings, and the offers are reasonably generous.

Pools

DraftKings runs a busy suite of sportsbook pools contests to provide customers with added value and excitement. Most are free to enter, and you can win cash prizes by making astute predictions. Examples include $5,000 prediction pools on MLB games, $10,000 prediction pools on NBA games, a $5,000 NFL Schedule Release Pool and a $5,000 Dan Le Batard Show Popularity Pool.

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Understanding DraftKings Betting Options & Limits

DraftKings offers a very large range of betting options on all the biggest sporting events of the week, and you will find plenty of bet types on niche games too.

Draftkings Minimum Bet

The minimum bet is just $1 on most sporting events at DraftKings, so it should appeal to all casual players.

Draftkings Max Bet

DraftKings imposes a maximum win amount as opposed to a maximum bet. The maximum you can win on football, basketball and baseball is $1 million, while winnings are capped at $500,000 for the biggest soccer leagues and $250,000 on NHL games and golf tournaments. The limit is $150,000 on tennis, and it is a little lower on niche sports.

Reduced Juice

DraftKings is not a reduced juice sportsbook. Reduced juice books will offer better than -110 on either side of the spread or total line. The classic reduced juice model is -105 nickel lines on either side, whereas DraftKings provides standard -110 dime lines. It does sometimes offer offers -109 on one team, but it will then offer -112 on the other team, or go for -107 / -114, so that does not constitute reduced juice.

Deposit & Withdrawal Methods at DraftKings

DraftKings provides sportsbook customers with a large range of expedient deposit options. All deposits are free, and most are instant. You have a smaller array of DraftKings payout options to choose from, but they are all free of charge, and the team processes payout requests quicker than many rivals.

Depositing Money with DraftKings

You can use a credit card, debit card, ACH direct transfer, e-check, PayPal, Play+ prepaid card or PayNearMe to fund your DraftKings sportsbook account. Alternatively, you can pay in cash at the casino cage at partner properties in various states.

Deposits start at $10, and the daily maximum for most accounts is $2,000, but you can contact the customer service department to discuss making larger deposits if you are a high roller.

You can sign up for a DraftKings Play+ prepaid account by logging into your DraftKings account and visiting the deposit page. Select the Play+ funding option and complete the registration process.

You can then add funds immediately using your bank card, and your personalized card will be mailed to your address on file within 10-14 days of funding the account.

Withdrawing Money from DraftKings

The DraftKings withdrawal process is pretty smooth and simple. Your options are an electronic check via ACH, a mailed check, Play+, cash at the casino cage or PayPal.

Remember that a DraftKings payout via PayPal is only possible if you used that method to fund your account. There is no official maximum DraftKings payout, but you should contact customer service if you plan to make a large withdrawal.

How Does DraftKings Payout?

Payout speeds vary depending on the method you choose. The quickest DraftKings payout options are cash at the casino cage, Play+ or PayPal. The former is a good option if you live near a DraftKings retail sportsbook. PayPal is pretty quick. An ACH transfer takes around five days to arrive, whereas a mailed check can take around two weeks.

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DraftKings Casino

DraftKings offers a high-quality online casino in certain states. There are around 500 different games on offer, including a modest array of live dealer options.

Its greatest strength is slots, with more than 400 games on offer, ranging from classic 3-reel slots to some of the latest branded 3D slots. There are also some MegaJackpots games, such as Wheel of Fortune, which offer huge prizes. A “New Games” tab provides you with a list of the latest titles on the site.

All the top table games are featured, with a few different video poker options, plus virtual sports and Keno. There is also a “Variety” section, which includes fun, niche casino games. It also has exclusives, such as DraftKings Hockey Blackjack and DraftKings Basketball Blackjack.

It is great to see such a comprehensive online DraftKings casino alongside the online sports betting site and daily fantasy sports games. Just download the DraftKings mobile app or visit the web-based platform to sign up for an account, and you will also receive plenty of casino bonuses.

DraftKings Loyalty Program

You will automatically join the DraftKings loyalty program after signing up for a sportsbook account. You will earn loyalty points, which are called DraftKings crowns, by placing bets on sporting events. You can also earn crowns in the casino and DFS sections.

Players start off as Bronze members, but you will move up to Silver if you earn 500 crowns in a month. The next tier is Gold (2,000 crowns per month), followed by Platinum (10,000 crowns a month), Diamond (25,000 crowns per month) and finally Black (125,000 crowns per month). If you reach the Black tier, you will benefit from the full VIP experience.

Crowns can be redeemed for DK dollars - bonus bets with a 1x playthrough requirement – and each crown is worth around $0.0018. You can also use crowns to buy entry into DFS contests. You will also receive a daily reward by visiting the DFS section of the site. Visit the “My Rewards” section and you will see a green “Redeem” button.

DraftKings Customer Support

DraftKings offers customer support from 6 a.m. to 11:59 p.m. ET on a daily basis. Some of its rivals offer 24/7 customer service, so this is one of DraftKings ”limitations”. Players should be able to benefit from a 24-hour live chat option when you consider that it is a major brand available in so many states.

The customer service process can be inconsistent, as response times are sometimes slow and knowledge levels vary among the agents. This is an area that requires improvement at DraftKings.

Our DraftKings Promo Code Review Verdict

DraftKings fully deserves its status as one of the top online sports betting sites in the United States. The user experience is fantastic via the mobile app and the desktop site, and it offers a strong range of pre-game and live betting options on thousands of sporting events each week.

It also offers a range of really compelling bonuses, ongoing promotions, odds boosts and a rewards program to provide added value. The business is still in the consumer acquisition stage, so it is happy to burn through cash by giving away credits – which is great news for bettors. The high-profile sportsbook contests also help it stand out from the crowd.

There are a couple of minor shortcomings, such as the lack of 24/7 customer service via live chat and the odds are pretty standard, but overall, this is an exceptional online sports betting site. It is safe, secure, reliable and trustworthy, and it stands an excellent chance of eventually becoming the No. 1 online sportsbook in the United States.

DraftKings Sportsbook FAQ

What States is DraftKings Sportsbook Legal In?

DraftKings sportsbook is already legal in 21 different states: New Jersey, Pennsylvania, Michigan, West Virginia, Connecticut, Colorado, Wyoming, Virginia, Indiana, Illinois, Tennessee, Iowa, Arizona, Oregon, New York, New Hampshire, Massachusetts, Louisiana, Kansas, Ohio and Maryland. It has also served as the exclusive sports betting provider of the New Hampshire Lottery since 2019, and it runs a retail sportsbook in certain states.

Is DraftKings Sportsbook Legit?

DraftKings sportsbook is a legitimate site that is licensed to operate in several different states across the country. It is bound by strict laws laid down by governing bodies such as the New Jersey Division of Gaming Enforcement and the Pennsylvania Gaming Control Board, so you can rest assured that it will treat you fairly. DraftKings is renowned for high levels of security and reliable payouts, so it is very much a legit site.

Who Can Place Bets on DraftKings?

Anyone aged 21 or older can place bets at DraftKings. You will be asked to provide the last four digits of your SSN and government-issued photo ID to prove your age when registering. You must also be located within DraftKings sportsbook states – New Jersey, Pennsylvania, Michigan, West Virginia, Connecticut, Colorado, Wyoming, Virginia, Indiana, Illinois, Tennessee, Iowa, Arizona, Oregon, New York, New Hampshire, Massachusetts, Louisiana, Kansas, Ohio and Maryland– and a geolocator will be required to prove this.

Do You Actually Win Money on DraftKings?

You most certainly can win money at DraftKings sportsbook. It is a fair, legitimate online sports betting site that will pay you out in cash if you place successful wagers. You just have to conduct thorough research and make effective wagering decisions in order to generate a sustained profit when playing at DraftKings or any other sportsbook.

How Can I Withdraw Funds from DraftKings?

The DraftKings sportsbook withdrawal process is pretty straightforward. You simply visit the cashier section of the site, choose your payout method, enter the amount you would like to withdraw and confirm the transaction. You can opt for a check, ACH bank transfer, PayPal, Play+ or cash at the casino cage, with varying withdrawal times on those different options.

How Does DraftKings Sportsbook Payout?

DraftKings can send you a check by mail, arrange an ACH bank transfer or send money to your PayPal account. You have to use PayPal when making your deposit if you wish to use it as your payout method. You can alternatively get paid out at the casino cage by visiting DraftKings’ land-based partner in various states.

Is DraftKings' Sports Betting App Separate from Daily Fantasy?

DraftKings runs separate mobile apps for its sportsbook and daily fantasy sports contests. Both mobile apps are very highly rated by users on the App Store and Google Play. There is also a DraftKings casino app for players in certain states.

About the Author

Martin Green for Bookies.com
Martin Green
Martin Green spent five years working at William Hill before becoming a journalist in 2009. He began working as a sports writer and professional tipster in 2014.