DraftKings Sportsbook Review

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Product is rated as #18 in category Sportsbooks
Bonus Offer7
Odds Variety9
Payment Options7.5
Customer Support6

Bet $5, Get $150 Instantly + A No Sweat SGP Every Day

  • Valid 1 per new customer.
  • Min. $5 deposit. Min. $5 bet.
  • $150 issued in bonus bets.
  • Opt in req. 1 No Sweat token issued per day.
  • SGP/SGPx bets only. 3+ legs req.
  • Max. wagering limits apply.
  • Must use funds from cash balance. Must select token BEFORE placing bet.
  • Bet must lose after applying Token. Paid as one Bonus Bet based on amount of losing bet.
  • Tokens expire at start of the last game each day when offered.
  • No Sweat cannot be used to redeem Bet $5 Get $150 offer.
  • Rewarded bonus bets expire 7 days (168 hours) after being awarded.
  • Bonus bets must be wagered 1x and stake is not included in winnings.


Valid in AZ, CO, CT, IA, IL, IN, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WY (18+) or WV.

DraftKings first gained notoriety as one of the top Daily Fantasy Sports (DFS) operators in the US. However, with the dawn of legalized online sports betting, the DFS giant quickly gained a foothold as one of the top online sportsbooks. 

Obviously, there are highlights to DraftKings, such as the welcome offer of a deposit bonus of up to $150. There is no doubt that this online sportsbook aims at gaining a significant market share of online sports betting with aggressive plans for expansion. My extensive DraftKings Sportsbook review covers all these elements and more. 

7.4Expert Score
DraftKings Sportsbook Review
Average, Improvement is Needed
Overall, DraftKings carries brand recognition. Beyond that, while the bonus offer looks generous, there is a higher wagering requirement than other online sportsbooks. Also, the mobile app needs work due to stability issues, such as freezing and crashing. Finally, customer service is notoriously slow to respond. Therefore, I highly recommend line shopping and not committing to one specific sportsbook.
Bonus Offer
Odds Variety
Payment Options
Customer Support
  • A reputable and historic brand
  • Live Streaming
  • In-play betting
  • Cashouts
  • Slow customer support
  • Mobile app stability issues
  • High wagering requirements for the bonus

DraftKings Sportsbook Welcome Deposit Bonus

As a new player to the DraftKings Sportsbook, receive a great welcome offer which is a deposit bonus up to $150. Read the below information to learn more about the offer.

How to Claim

  1. Create a new player account and register at the DraftKings Sportsbook.
  2. Fill in your details and follow the instructions to register your account.
  3. Make your first real-money deposit of a minimum of $5 or more.

Bonus Terms

Bet $5, Get $150 Instantly + A No Sweat SGP Every Day

  • Valid 1 per new customer.
  • Min. $5 deposit. Min. $5 bet.
  • $150 issued in bonus bets.
  • Opt in req. 1 No Sweat token issued per day.
  • SGP/SGPx bets only. 3+ legs req.
  • Max. wagering limits apply.
  • Must use funds from cash balance. Must select token BEFORE placing bet.
  • Bet must lose after applying Token. Paid as one Bonus Bet based on amount of losing bet.
  • Tokens expire at start of the last game each day when offered.
  • No Sweat cannot be used to redeem Bet $5 Get $150 offer.
  • Rewarded bonus bets expire 7 days (168 hours) after being awarded.
  • Bonus bets must be wagered 1x and stake is not included in winnings.

Ongoing Betting Promotions

Bet $5, Get $150 Instantly + A No Sweat SGP Every Day (NEW USERS)

  • Valid 1 per new customer.
  • Min. $5 deposit. Min. $5 bet.
  • $150 issued in bonus bets.
  • Opt in req. 1 No Sweat token issued per day.
  • SGP/SGPx bets only. 3+ legs req.
  • Max. wagering limits apply.
  • Must use funds from cash balance. Must select token BEFORE placing bet.
  • Bet must lose after applying Token. Paid as one Bonus Bet based on amount of losing bet.
  • Tokens expire at start of the last game each day when offered.
  • No Sweat cannot be used to redeem Bet $5 Get $150 offer.
  • Rewarded bonus bets expire 7 days (168 hours) after being awarded.
  • Bonus bets must be wagered 1x and stake is not included in winnings.
  • The promotional offer is valid between 11/14/23 at 12:00 AM Eastern Time (ET) and 1/8/24 at 11:59 PM.

Black Friday Bet One Get One (ALL USERS)

  • Place any bet and get a bonus bet
  • Valid 1 per customer.
  • Max reward varies
  • Bet restrictions apply
  • Opted-in customers will receive 1 Token to receive one (1) Bonus Bet for placing any bet from 11/23-11/27.
  • Awarded Bonus Bet and minimum odds per bet vary by customer cohort.
  • Must select Token BEFORE placing bet.
  • Bonus Bet issued once original bet settles.
  • Bonus bets are non-cashable, cannot be withdrawn, must be wagered 1x, and stake is not included in winnings.
  • Bonus Bets are single-use and expire 7 days (168 hours) after being awarded.
  • Promotional offer period ends 11/27/23 at 11:59 PM ET.

Millionaire Contest (NEW USER)

  • New users can play free for millions with FTD

Overall, DraftKings Sportsbook runs a variety of ongoing betting promotions for new and existing players. Keep in mind that bonuses and incentives are often changing, especially on different seasons and sporting events. 

In detail, take part in these great ongoing betting promotions that run daily, called the DraftKings Sportsbook Pools. Essentially, these are betting pools for sports leaderboards where you enter and can win cash prizes. Additionally, you can even create or join a private pool to play with friends and family. 

  1. Pick from various contests depending on current and sporting events. 
  2. Make and choose your predictions. 
  3. Follow the games or events live. 

Truly, there is constant entertainment provided at this online sportsbook, and you may earn free bets, boosts, real money bonuses, and other fun promotions. 

Sports Betting at the DraftKings Sportsbook

Generally speaking, DraftKings is a top contender when it comes to online sportsbooks. Thus, the strength of odds variety and betting lines makes it difficult to cover everything in this review. 

There may be betting lines offered for Belarussian soccer and live betting for more obscure tennis matches. However, most sports bettors are really searching for major American sports. Even so, DraftKings really offers just an incredible variety, such as hundreds of betting options for each year's NFL Draft. For these reasons, I invite you to join me on this journey into the nitty-gritty of DraftKings.

Featured Sports

Aussie RulesBaseballBasketballBoxingCricketCyclingFootballGolfIce HockeyMLBMMAMotor SportsNCAANFLNHLSoccerTable TennisTennis

Odds Comparison

Jan. 11, 2021Ohio StateAlabamaVig %
Draftkings Sportsbook Logo
DraftKings Sportsbook
BetMGM Logo
BetMGM Sports

As expected, DraftKings falls right in line for this odds comparison. The vig % or juice of this particular event falls right in the middle compared to two other top online sportsbooks. However, keep in mind that I have chosen just one sporting event to compare. Other sporting events may show a greater variance, which is why I would like to do another odds comparison in the future.

As a reminder, it is important to line shop at different sportsbooks to determine where you can get the most value for your bet. 

Sports Bet Types

Find the traditional types of bets at the DraftKings Sportsbook, such as:

  • Moneylines
  • Point Spreads
  • Parlays
  • Teasers
  • Totals
  • Props
  • Futures
  • Run lines
  • Puck lines

However, DraftKings misses the mark by not offering Round Robins or some of the more exotic bets.

Cash Out

Notably, at DraftKings Sportsbook, Cash Out is a feature offered on certain bets. Bettors look for this feature to Cash Out before the outcome of an event is decided. In this manner, you can safeguard your winnings or put a stop loss on your wager. 

Look for the Cash Out feature on selected bets, like: 

  • Pre-Game 
  • Live
  • Future
  • Parlay

Realize that your Cash Out amount may be more or less than the original wager, depending on how the event is proceeding. Once you add a bet to the bet slip, you can immediately see if the bet is eligible.

To Cash Out, check ‘My Bets' and select ‘Cash Out.' Your bet will then settle at the displayed price, and money deposited into your player account.

Sport Specific Bet Limits

DraftKings sets maximum bet amounts and payout limits. Note that limits vary per sport type, on the competition and bet type. These limits listed below are the net payout and not the maximum bet amounts.

Other Sports

A limit of $40,000 applies to: 

  • Athletics
  • Bandy 
  • Cycling 
  • Trotting 
  • Winter Sports

In-Play Betting

Certainly, props must be given to the DraftKings Sportsbook for being one of the first US sports betting sites to offer cash outs during live in-play betting. Taking a page from European sportsbooks, DraftKings first unveiled live in-play betting back in 2018

Particularly, watch your bet slip as the potential value fluctuates as the sporting event progresses. Moreover, for in-play, betting odds are quickly updated, and placing desired bets takes place smoothly.  

However, keep in mind that it is no longer the year 2018. Many big European sportsbooks have now entered into the US's quickly changing and legalized sports betting landscape. Thus, for DraftKings, certain sporting events do not display live scores. Although you should never solely rely on what sportsbooks report for scores, this issue is certainly one where the bettor should be beware.

Live Streaming

DraftKings entered into a partnership with Sportradar to launch live streaming on the mobile app. Indeed, live streaming is only available depending on each state's regulations. 

All in all, you need to have a funded active account with DraftKings and be geolocated to live stream available games directly in the mobile app. In fact, there are even various sports that are free to stream, such as the Korea Baseball Organization and Bundesliga Soccer Division 1. Yet, customers in Iowa will not be able to access the live stream due to state regulations. 

DraftKings Sports Betting Mobile App

To begin with, the DraftKings sports betting mobile app is available for Android and iOS devices. Overall, the design and navigation within the mobile app are top-notch because of user intuitiveness.

On the other hand, the mobile app is sometimes plagued with stability issues. The mobile app freezing and crashing are not issues specific only to my testing. In detail, if you look at the Apple App reviews, multiple users complain of the same issues. 

At times, more obscure lines like for table tennis games disappear as you are attempting to place a bet. Additionally, if you are live in-play betting, scores may not update. When you are attempting to place a bet, the mobile app sometimes freezes and then crashes. My recommendation is to ensure that you have funded accounts at other sportsbooks, particularly if you attempt to live in-play bet. 

How to Download the DraftKings Sports App

  1. Navigate to the bottom of the DraftKings Sportsbook website. 
  2. Click on ‘Sportsbook Mobile App.'
  3. Now, click on either the Apple or Android icon. 
  4. Follow the instructions for download and installation.

Browser-Based Interface

Indeed, the DraftKings Sportsbook website or browser-based interface is nicely optimized. Users encounter ease of placing bets and searching for lines due to the intuitiveness of the interface. 

The main navigation allows you to quickly find sports, including an alphabetical search. Then, the betting lines expand in the center of the webpage. Your bet slip even appears to the right allowing you to easily browse and confirm before navigating onwards.

A minor qualm with the DraftKings interface is the lack of graphics. On the other hand, lack of graphics equates to a faster loading time, especially for live in-play betting. Thus, the lack of graphics is not a true negative as locking in your wager is a top priority. 

Payment Methods and Withdrawal Limits


A high point to the DraftKings Sportsbook is apparently cash funds are immediately available for withdrawal. Note that the actual payout time differs. However, the downside here is that DraftKings does not offer as many payment options as other online sportsbooks. 

Payment MethodsMaximum Withdrawal LimitPayout Time
PayPal$14,9992-8 Business Days
Credit or Debit CardN/A2-8 Business Days
Check in MailN/A2-3 Weeks
Play+N/A2-8 Business Days

Featured Payment Method

Overall, if you are a regular at DraftKings, try using the Play+ card. Once you have successfully signed up for Play+, this is an instant payment method for deposits and withdrawals without fees. Moreover, Play+ is accepted everywhere that Discover cards are accepted. 


The DraftKings Sportsbook is not just legal and licensed in all the territories that it accepts wagers from, but there are also retail locations bearing the brand name

DraftKings Company Review
Parent Company:DraftKings Inc.
Headquarters Address: 222 Berkeley St. Boston, MA 02116
International Licenses:United Kingdom, Ireland, Canada, Germany, Malta, Austria
Phone:(800) 334-6378
Email:[email protected]

Overview of DraftKings

Originally, DraftKings was founded in 2012 and gained notoriety as a daily fantasy sports operator. Then, in August 2018, DraftKings launched the first legal mobile sports betting app in New Jersey. 

Recently, DraftKings became a publicly-traded company in April 2020. Moreover, big-name investors such as Michael Jordan even hold positions on the board. Despite having big names and even Major League Baseball as investors, DraftKings has not avoided controversy. 

In particular, Oct. 2015 saw a DraftKings employee releasing data before NFL games. The same employee won $350,000 on FanDuel that same week. Due to the controversy surrounding this incident, ESPN no longer runs sports segments sponsored by DraftKings although, advertisements could continue. 

Responsible Gambling

DraftKings adheres to a high level of commitment regarding responsible gaming. The DraftKings stance is “only bet what you can afford and always set reasonable limits for yourself.” 

To this end, there are various tools to support responsible gambling at DraftKings: 

  • Set Budgets 
  • Playing, Deposit, and Time Limits 
  • Cool-Off Periods
  • Self-Exclusion

Finally, all new employees are required to take part in responsible gaming training. The training even includes mandatory annual and periodic refreshers on responsible gaming. 

Other DraftKings Products


DraftKings Casino Review

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VIP Loyalty and Rewards

There is a DraftKings VIP program, but the requirements to take part in the program are unknown. The VIP program is by invitation only. Thus, if you have attained VIP status at another online casino or sportsbook, you should contact customer service. 

Otherwise, DraftKings does conduct checks into customer accounts internally to determine whether you will be eligible for the VIP program. Becoming a VIP at DraftKings means enjoying a host of exclusive benefits and other promotional offers. Moreover, you receive VIP customer support and personalized or tailored contests. 

Customer Support

Unfortunately, customer support is not a strong suit of DraftKings. While the company touts 24/7 customer support, this method is limited to email only. Keep in mind that there is a delay in an email response. Indeed, this is an issue that many users complain about due to the slow response time of customer support.

On the other hand, you may try Live Chat from 8 am ET until 11 pm ET. Definitely, my preference is to contacting Live Chat or searching the FAQ. The downside of both Live Chat and the FAQs is that it requires navigation to access. Other online gaming operators typically display a Live Chat icon easily accessible at the top of the page near your login or account icon. However, with DraftKings, you need to scroll to the bottom of the webpage and click on ‘Contact Us.'

How to Contact

  • Email: [email protected] 
  • Live Chat: 8 am ET – 11 pm ET 
  • FAQs: Available on website 
  • Support Hours: 24/7

Final Verdict

No doubt about it, DraftKings Sportsbook is one of the leading contenders in the sports betting arena. Although there is a generous welcome bonus, there are some issues that leave much to be desired. In detail, customer support is notoriously slow to respond. Also, the mobile app has stability issues, particularly during live in-play betting. 

DraftKings Sportsbook Review FAQs

What is the DraftKings Sportsbook promo code?

Currently, you do not need a promo or bonus code to claim a welcome bonus at DraftKings Sportsbook. For now, there is a generous welcome deposit bonus that you can claim by making a new account and a real money deposit.

How old do you have to be to open an account at the DraftKings Sportsbook?

DraftKings Sportsbook is a legal betting operator. Therefore, you need to be at least 21 years of age. Also, you must be physically located within a legalized state where DraftKings accepts wagers. Note that you do not need to be a resident but must be geolocated in that state.

Is DraftKings Sportsbook legal and licensed?

Yes, DraftKings is fully legal and licensed, where it accepts sports wagers. Part and parcel of being a legal sportsbook require that each state with a gaming control board or regulatory body licenses DraftKings. Moreover, this ensures that your funds and personal information are safe.

Does DraftKings Sportsbook offer a mobile betting app?

Yes, the DraftKings mobile sports betting app is available for Android and iOS devices. Live in-play betting along with live streaming are available depending on your state. For example, Iowa users cannot access Live Streaming.

Specification: DraftKings Sportsbook Review

Betting Features Cash out, In-play betting, Live Streaming, Odds boost, Parlay, Props
Payment Options DiscoverMasterCardPayPalPlay+VISA
Sports Australian Rules, Baseball, Basketball, Boxing, Cricket, Cycling, Football, Golf, Ice Hockey, MLB, MMA, Motor Sports, NCAA, NFL, NHL, PGA, Rugby League, Soccer, Table Tennis, Tennis, Volleyball
DraftKings Sportsbook Review
DraftKings Sportsbook Review