This DraftKings Sportsbook review explains why DraftKings is one of the best books in America. It has earned this reputation because of its superior technology, great bonus system, and unbelievable customer service. DraftKings is one of a few books that’s doing it better than a majority of the industry.
DraftKings was a daily fantasy company for the majority of its existence. The company was founded in 2012 by Jason Robins, Matt Kalish, and Paul Liberman. The DraftKings brand was a massive catalyst in growing fantasy sports in America.
DraftKings experienced a meteoric rise, but this was because the founders’ visions for the company were unique. As of 2016, fantasy sports for cash were legalized throughout the majority of the United States. This is because fantasy sports was considered a game of skill instead of gambling.
By this time, DraftKings was the top leader in the daily sports industry. The company’s chief competitor was FanDuel. When the Professional and Amateur Sports Protection Act was repealed, DraftKings was ready to strike in the legal sports betting industry.
The book launched in August of 2018 in the state of New Jersey. DraftKings has risen to the top of the sports betting world in a very short time operating. Since 2018, the book has spread into eight additional states with plans to continue growing throughout the country.
States where DraftKings Sportsbook is Legal
DraftKings Daily Fantasy had a national presence prior to sports betting. This made people familiar with the DraftKings name automatically want to bet sports on its betting platform. States wanted to bring DraftKings to their community because they knew it would bring tons of revenue because of the brand’s reputation.
DraftKings started in New Jersey and took the state by storm. It’s now available in half the country, including New Jersey. The other states where DraftKings Sportsbook is legal are Pennsylvania, West Virginia, Indiana, Illinois, New Hampshire, Iowa, Colorado, Tennessee and a host of others.
Availability in nine states is a large amount in the industry, and the company is still looking to expand. Since people play DraftKings Daily Fantasy in illegal betting states, it’s easy for the company to make seamless entrances into new states where betting is legal.
DraftKings Sportsbook has seen immense success, and it’s at the top of the financial leaderboard in the nine states where it’s available. The sportsbook has seen a record year in 2020, finishing ahead of early year projections.
The company projected that they would earn $1.2 billion in sports betting profit in 2020. As of October, the book generated $1.5 billion in profit. The book generated total revenue of $4.3 billion, which comes down to $1.5 billion after taxes.
This depreciation shows the amount of profitability that states receive from hosting big-name sportsbooks in their state. DraftKings has done a lot to attract new players to the book, and it’s paying off throughout the country.
The company has attempted to dominate the Colorado market because projections for online betting are soaring in the state.
Features that Set DraftKings Sportsbook Apart
DraftKings Sportsbook separates itself from the competition in so many ways. It’s a superior book that truly cares about the bettors that are on the site. The DraftKings community has built the brand up from ground zero since 2012, so the company values all of its players. The first way the book shows appreciation for bettors is through bonuses and promotions.
The book gives new players multiple bonuses but also doesn’t forget about recurring players who continue testing their luck on DraftKings Sportsbook. There is always a great promotion going on through the mobile book.
Another great feature of the book is the customer service that all players receive. DraftKings is new to sports betting, but the company has been providing fantasy sports since 2012.
Even though this is considered a game of skill, the company still learned how to deal with site members. When DraftKings introduced sports betting, the brand improved an already superior level of customer service.
Issues are always handled swiftly with DraftKings Sportsbook customer support. You’ll receive quick answers, which allows you to just worry about betting. The book also provides players with a flawless app and desktop book. It’s very easy to find the sport that you’re looking to bet.
It also has some of the best live betting technology on the market today, so you’ll be able to lock in bets without any trouble.
Bonuses and Promotions on DraftKings Sportsbook
DraftKings Sportsbook shines when it comes to promotions. This has been the best way for the company to attract new players while transitioning daily fantasy members into sportsbook members.
New players will receive a deposit bonus of up to $1,000. This bonus money is rewarded in free play credit and doesn’t have to be used in a single bet, which is nice.
There are also no bet restrictions on the free play money, unlike many other sportsbooks. The bonus amount you’ll receive is equivalent to 20% of your initial deposit. If you put $1,000 into your account, you’ll receive $200 in free play.
This bonus money can be used for the sportsbook, on Daily Fantasy, or in the DraftKings online casino. Also, for every $25 that you bet, the company gives you a dollar in free bets, so there’s always an incentive to place a large bet on DraftKings Sportsbook.
If you refer a friend, you also receive a free bet. The amount depends on their initial deposit, but it’s one of many incentives offered on the book.
DraftKings excels in its free play sports betting pools. These are free contests for site members that yield real cash prizes. It’s essentially a free bet every single day.
DraftKings Sportsbook has started to promote college basketball heavily on its site. New players and recurring members have tons of college basketball promotions to win massive amounts of money.
There are also other promotions for site members. These change every week, so DraftKings never disappoints in this area.
Banking Options on DraftKings Sportsbook
DraftKings is very efficient with payouts. The system that the company had in place for its Daily Fantasy banking has carried over to the sportsbook with some small changes.
The safest and most efficient way to fund your account is at a DraftKings retail sportsbook. Most of the states have a DraftKings land-locked book, but this option isn’t accessible everywhere.
However, it’s not required to fund your account at a retail book. DraftKings has tons of options for all players to make swift banking deposits and withdrawals.
DraftKings accepts two kinds of credit and debit card brands. These are Visa and MasterCard.
DraftKings also has a Prepaid+ Card like many other sportsbooks. You can apply for this once you create an account on the site.
The other deposit methods are an eCheck through ACH, bill pay, PayPal, Skrill, Neteller, PayNearMe, or a bank wire. Bank wires are only for significantly large deposits.
To receive winnings, you can choose an eCheck, a real check, PayPal, Skrill, or Neteller. You also have the option to collect cash at the casino cage in your legal state.
The company does a lot to provide you with fast and efficient payouts. This has kept players coming to the sportsbook since it originated in 2018.
Types of Bets on DraftKings Sportsbook
DraftKings is superior when it comes to covering the major betting markets. The book is average when it comes to covering small leagues around the world, but it still provides enough options, in my opinion.
Most American bettors would rather wager football, baseball, basketball, and hockey than cricket, darts, and rugby. The company doesn’t neglect these niche sports, but DraftKings emphasizes big-time American leagues for its players.
It has superior coverage of the NFL, MLB, NBA, NHL as well as NCAA football and basketball. European soccer is popular in the states, so DraftKings doesn’t forget about this market either. You’ll also receive solid golf, MMA, and motorsports coverage on the book.
As far as betting capability, the book compares to other major brands in the betting industry. Obviously, you can bet the moneyline, spread, and various totals on all competitions.
The props, futures, and live betting is where DraftKings rises to the top of the pack. You’ll never be bored on the book if you’re looking to bet major sports.
The book doesn’t provide the same betting capability for non-mainstream sports, so if you want to bet overseas markets, DraftKings may not be your best option. However, the book gives a world-class experience for homeland markets.
DraftKings Sportsbook FAQ
Is DraftKings Sportsbook legal throughout the United States like Daily Fantasy?
No. DraftKings Sportsbook is legal in nine states. The DraftKings Daily Fantasy app is legal throughout the country, except in a few states. This is because fantasy sports are considered a game of skill. The states where DraftKings Sportsbook is legal are New Jersey, Pennsylvania, West Virginia, Indiana, Illinois, New Hampshire, Iowa, Colorado, and Tennessee.
Is my DraftKings Daily Fantasy account interchangeable with a DraftKings Sportsbook account?
Yes. You would have the same login for both accounts. Winnings can be transferred from one site and used on another DraftKings site. This is a great part about betting with DraftKings.
What is the legal age to place a bet on DraftKings Sportsbook?
You must be 21 years of age to place a bet on DraftKings Sportsbook.
When did DraftKings Sportsbook originate?
DraftKings launched in 2012 as a fantasy sports business, and the betting side of the business launched in 2018 after PASPA was repealed. New Jersey was the first state that DraftKings Sportsbook called home.
Is DraftKings Sportsbook safe?
DraftKings is one of the safest books in the industry. Since it was in fantasy sports prior to betting, it put measures in place to protect personal data. This has translated over to the sportsbook.