Comprehensive DraftKings Sportsbook Review: Features, Bonuses & More

DraftKings Sportsbook has established itself as a leading name in the U.S. sports betting industry. Known for its user-friendly platform, competitive odds, and an extensive range of betting options, it’s considered a powerhouse in the market.

Operating legally in 24 states across the United States and Canada, DraftKings is a trusted and reliable platform. It was one of the first sportsbooks to launch in the U.S. following the repeal of the Professional and Amateur Sports Protection Act (PASPA) by the Supreme Court in May 2018.

In this detailed review, we will evaluate the platform’s legality, sign-up bonuses, mobile app features, and more. This guide aims to help you decide whether DraftKings is the right choice for your betting needs.

DraftKings Sportsbook: Pros and Cons

Pros

Quick withdrawal processing—within 12 hours.
Extensive coverage of popular sports events.
Intuitive and easy-to-navigate interface.
High-quality live betting experience.
Secure and reliable banking methods.
Access to over 20 different betting markets.

Cons

PC version lacks a search function.
Cash-out options can be inconsistent.
Limited promotions for existing users.
Odds boosts come with low maximum bet limits.
Live streaming is restricted to certain regions.

Quick Facts

Year of Launch	2011
DraftKings Legal States	24
Welcome Bonus	Bet $5, get $150
Minimum First Deposit	$5
Sportsbook	Yes
Casino	Yes (CT, MI, NJ, PA, WV)
Odds Provider	SBTech
Payout Speed	1-7 days
Available States	AZ, CO, CT, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NC, NH, NJ, NY, OH, OR, PA, TN, VT, VA, WV, WY
Cryptocurrency	No

Popular Sports and Leagues Offered by DraftKings

NFL Betting

DraftKings provides a wide array of NFL betting options, including spreads, moneylines, over/under, live bets, and player/team props. Keep an eye out for promotions during the Super Bowl in February and special codes in September.

NBA Betting

DraftKings offers extensive NBA betting markets, including daily player props, halftime and quarter bets, total plays, spreads, and moneylines. As an exclusive NBA partner, the platform delivers tailored features for basketball fans.

College Football

The sportsbook covers numerous college football betting options, such as moneylines, spreads, totals, and player/team props (where permitted). Additional bets include quarter-by-quarter and halftime wagers.

College Basketball

DraftKings provides an extensive selection of college basketball betting markets, ranging from regular-season games to March Madness. It also supports year-round future bets.

NHL Betting

The NHL betting section includes moneylines, pucklines, total plays, period-specific bets, and player/team props. Watch for regional promotions and boosted odds during the regular season and playoffs.

MLB Betting

DraftKings offers pre-game and in-game MLB betting options like moneylines, runlines, totals, and various player/team props. The “Flash Bet” feature enables live betting and streaming during games.

Other Sports

DraftKings covers a wide variety of other sports, including eSports, soccer (domestic and international leagues), golf, MMA, motorsports, tennis, rugby, and more. Fans of niche sports such as handball, lacrosse, snooker, and surfing will also find plenty of options.

DraftKings Sportsbook Promotions Overview

Welcome Bonus

New users can earn a $150 bonus by placing an initial $5 bet. To qualify:

Register for an account.
Deposit at least $5.
Place a $5 real-money bet.

Regardless of the outcome, you’ll receive six $25 bonus bets. These bonus bets are valid for seven days and can be used across any market. No promo code is required if you sign up through designated banners.

Referral Bonus

Invite your friends to DraftKings and earn rewards. When they register and deposit a minimum of $25, you’ll receive $25. The maximum referral reward is $100. Be sure to review the terms and conditions for all promotions.

DraftKings Sign-up Process

Create a new account on the DraftKings Sportsbook platform.
Deposit at least $5 to qualify for the welcome bonus.
Select your desired bet and add it to your bet slip by clicking on the odds.
Enter your wager amount (minimum $5 for the bonus).
Click “Place Bet” to confirm.

Legal States Where DraftKings Operates

DraftKings operates under strict regulation and licensing across 24 states in the U.S., ensuring secure and legal access for users. The platform employs advanced geolocation technology and 256-bit encryption for maximum security and compliance.

States where DraftKings Sportsbook is available include:

Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, and Wyoming.

Banking Options at DraftKings

DraftKings supports a variety of deposit and withdrawal methods, ensuring convenience for users.

Key Features

Instant deposit processing without fees.
Flexible deposit and withdrawal options.
No maximum limits for deposits or withdrawals.

Accepted payment methods include:

Online banking, credit/debit cards, PayPal, Venmo, Play+ Card, wire transfers, ACH e-checks, Apple Pay, and cash. Note that third-party platforms like Skrill may impose additional fees, so review terms beforehand.

Deposit Method	Minimum Deposit (USD)	Withdrawal Method	Processing Time	Minimum Withdrawal
Visa	$5	Play+Prepaid Card	1-3 business days	$20
MasterCard	$5	Online Banking	1-3 business days	$20
Skrill	$5	Wire Transfer	1-3 business days	$20
Venmo	$5	PayPal	1-3 business days	$20
PayPal	$5	eCheck	1-3 business days	$20
Play+Prepaid Card	$5	Check	3-7 business days	$20
eCheck	$5	Cash	1-3 business days	$20
Cash	$5	Venmo	1-3 business days	$20
Wire Transfer	$100	N/A	N/A	N/A

Innovative Features of DraftKings

Live Betting

DraftKings offers a “Live In-Game” feature that updates odds and betting options in real time during games, along with a variety of prop bets.

Live Streaming

While still in its early stages, live streaming is available for select events. This feature enhances the overall betting experience.

Fast Bet Grading

DraftKings provides rapid bet grading, allowing users to quickly know their results and make decisions for future wagers.

Casino Integration

With a single account, users can access hundreds of casino games, including slots, live dealer games, and exclusive titles.

Daily Fantasy Sports (DFS)

As a leader in DFS, DraftKings offers contests for various sports and esports, catering to all budget levels.

Same-Game Parlays

DraftKings supports same-game parlays, enabling users to combine multiple bets from the same event for potentially higher payouts.

Early Cash-Out Option

The early cash-out feature lets users secure winnings or minimize losses by closing bets before a game ends.

Player-Centric Betting

DraftKings’ “Player Pages” consolidate all player prop markets for NBA, NFL, MLB, and NHL games, including head-to-head bets and same-game parlays.

DraftKings Mobile App: Betting Made Easy

Review of the Mobile App

The DraftKings mobile app is designed with simplicity and functionality in mind. Extensive testing on iOS and Android devices revealed smooth navigation and performance.

Features

User-friendly design for quick and easy betting.
Seamless geolocation functionality, ensuring minimal disruptions.
Accessible via browser or downloadable app.

Licensing and Security

Operating since 2011, DraftKings holds licenses in numerous states, including New Jersey, Michigan, Pennsylvania, Illinois, and New York. The platform is committed to responsible gambling by providing tools such as deposit limits and self-exclusion options.

Security Measures

256-bit SSL encryption to protect user data.
Partnerships with organizations like Gamblers Anonymous and the American Gaming Association.

Customer Support

DraftKings provides excellent customer service with multiple contact methods:

Live Chat: Available 24/7 for instant assistance.
Email: sportsbook@draftkings.com.
Phone: Request a call-back via the website.
Social Media: Follow @DKSportsbook on Twitter for updates.

Final Words

DraftKings Sportsbook is a top-tier choice for sports bettors. Its vast range of betting options, intuitive interface, and competitive promotions make it an attractive platform. While there is room for improvement in live-streaming availability, DraftKings delivers an exceptional overall experience.