Launched in Boston as a fantasy sports operator, DraftKings swiftly moved into the online sports betting space in 2018. DraftKings has since exhibited a willingness to acquire innovative companies and explore new betting markets to improve its products and expand its already substantial footprint.
Disclaimer: For those not in as well as those outside the US, you may face restrictions on the offers you see on this page.
Founded in 2012 in Boston as a fantasy sports operator, DraftKings swiftly moved into the online sports betting space by launching its mobile sportsbook in New Jersey after the U.S. Supreme Court made it legal to do so in 2018.
Publicly traded and well-capitalized, DraftKings has exhibited a willingness to acquire innovative companies and explore new betting markets and opportunities in hopes of improving its product and expanding its footprint. It's hard to argue that this strategy has been anything short of wildly successful, as DraftKings is one of two dominant online sportsbooks (along with FanDuel) in the United States.
While some sports betting operators are extremely deliberate and selective when it comes to the statewide markets they choose to offer wagering in, DraftKings has opted for a more ubiquitous approach. To wit, DraftKings' mobile sportsbook is now live in Washington, D.C., and the following 25 states: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana (except in parishes where betting is banned), Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oregon (where it's the state's exclusive mobile operator), Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, and Wyoming.
Additionally, DraftKings operates brick-and-mortar -- but not mobile -- sportsbooks in Mississippi and Wisconsin, while in Washington State it has a pair of retail sportsbooks at tribal casinos and on-premise mobile wagering, where customers can use their phones to bet, provided they are physically located on the property of DraftKings’ casino partners.
DraftKings is also sure to be among several operators that will set up shop in Missouri once sports betting officially launches in the Show Me State, which voted to legalize that form of wagering in late 2024.
It's not necessary to be a resident of a legal sports betting jurisdiction to bet in one, but it is essential that the bettor be physically present within its boundaries in order to place a mobile wager. DraftKings uses state-of-the-art geolocation and security technology to ensure that all wagers originate from a place where it's legal to bet on sports and that wagers are placed by valid DraftKings Sportsbook account holders.
You must be at least 18 years of age to play in Kentucky, New Hampshire, Wyoming, and Washington, D.C., and at least 21 years of age in all other jurisdictions where DraftKings Sportsbook is live.
Furthermore, you are not allowed to log into your DraftKings Sportsbook account or enter any contests if you have chosen to abstain from gambling by placing your name on a self-exclusion list. Self-exclusion and cool-off periods are valuable responsible gambling tools that allow you to set a time frame during which you will be banned from participating on a betting app in order to better control or seek help for problematic behavior.
Bettors must first deposit funds into their mobile sportsbook account to take advantage of any welcome bonuses and promotions. At DraftKings Sportsbook, this can be done through Apple Pay, bank or wire transfer, cash at retail locations, leading debit and credit cards (Visa, MasterCard, Discover), gift cards, PayPal, a prepaid Play+ card, or Venmo.
In turn, funds may be withdrawn from DraftKings Sportsbook via Apple Pay, bank or wire transfer, cash at a casino cage, check, debit card, PayPal, Play+, Trustly, and Venmo.
DraftKings Sportsbook's welcome bonus is multi-pronged. First, you get a $50 bonus bet with your first deposit, which must be $5 or more to qualify.
You then get $150 in bonus bets with your first bet, which must be $5 or higher. For those in Arizona, Colorado, Connecticut, Illinois, Indiana, Maine, North Carolina, Ohio, Pennsylvania, Wyoming, and West Virginia, new users get the $150 in bonus bets as soon as they sign up and place the $5 wager. But for those in D.C., Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, New Jersey, New York, Tennessee, Virginia, and Vermont, new users get the $150 in bonus bets only if their first $5 bet wins.
Next, your first deposit is matched by 20% up to $1,000. While there's a very player-friendly 1x playthrough requirement on the deposit and first-bet bonuses, that requirement jumps to 25x on the deposit match -- with a 90-day deadline to hit that threshold. Such stipulations serve as a handy reminder to always review the terms and conditions of a given promotion and to review a sportsbook's general terms and conditions, as they can vary dramatically from book to book.
Finally, new DraftKings Sportsbook account holders are given a King of the Court prop token, which they can use on an NBA player prop with odds of -200 or longer. If that prop hits, the bettor will receive an equal share of $1,000,000 in bonus bets the following day, which is divided evenly between all customers who correctly bet the prop in question.
DraftKings Sportsbook users are automatically enrolled in the company's Dynasty Rewards Program upon signing up for an account. From there, nearly every bet earns the customer rewards -- fittingly known as "crowns" -- that can be redeemed for bet credits, branded merchandise, and even travel.
DraftKings also operates horse wagering (DK Horse), online casino, and fantasy sports platforms, offering customers a variety of ways to earn crowns.
DraftKings Sportsbook is in line with its competition in offering a multitude of betting markets for the NBA, NCAA, NFL, NHL, MLB, MMA, WNBA, auto racing, boxing, golf, soccer, and tennis. From the start, however, DraftKings has made a point to offer just about every sports betting market imaginable in any state that will allow it, making it the ultimate destination for bettors who appreciate after-hours action or just want to test their wiles in an entertaining niche market.
As cricket picks up steam in the U.S., DraftKings Sportsbook has emerged as perhaps the country's leading purveyor of cricket-related bets. It also offers wagering, where permitted, on such sports as curling, cycling, darts, eating competitions, esports, handball, lacrosse, netball, rugby, table tennis, track and field, snooker, squash, sailing, surfing, volleyball, and Australian and Gaelic football.
Some states don't allow wagering on events involving in-state schools, while others have banned prop bets on individual collegiate players in order to spare them the scourge of online harassment. To that end, it's important for bettors to be mindful of the fact that athletes and officials at any level are only human -- not human bet slips.
Before explaining some of the primary bet types that DraftKings Sportsbook offers, it's helpful to point out what a thorough job the operator has done with its sports betting education tabs on both its mobile and desktop versions. Clicking "How to Bet" or "Quick Start Guide" will give novice bettors -- or just bettors in need of a refresher -- an easy-to-comprehend rundown of not only bet types and odds calculations, but also strategies for wagering on several major sports.
The simplest type of sports wager is a moneyline bet, in which you bet on which team you think will win straight up. If you're betting on a +150 underdog to win, you would earn a $150 profit on a $100 bet (or a $15 profit on a $10 bet). Conversely, if you're betting on a -150 favorite to win, you'd have to bet $150 to earn $100 -- for a total payout of $250.
A potentially more lucrative way to bet on a favorite is through a spread bet. Let's say Notre Dame's football team is favored by a field goal (-3) over Ohio State. Rather than betting Notre Dame on the moneyline, you could bet them to cover the spread -- i.e., win by four or more points (winning by three would be a push, which would result in your bet being fully refunded) -- at more favorable odds. On the other hand, if you like the Buckeyes to keep things close but aren't quite sure if they've got what it takes to win outright, you can bet on them to cover (i.e., come within a field goal of winning, with an outright victory also resulting in a victorious wager).
An over/under -- or "total" -- bet is a wager on the total amount of some statistical category to occur. This could be total points in a game or the total amount of points you think a player will score in a basketball game. If Jayson Tatum's point total is set at 25.5 and he scores 26 points, you'd be declared a winner if you bet the over.
Incidentally, that same bet on Tatum is also considered a prop bet. A prop bet is a type of wager that involves betting on the outcome of a specific statistical category or scenario involving a player or team – other than the final result of the game. Another type of prop bet is to wager on which player will score the first touchdown in a football game, with each player assigned different odds based on their likelihood of crossing the goal line first.
If you've got an early-season hunch for who will win the NCAA men's national basketball championship and don't mind waiting a few months to see if your bet cashes, you can make what's called a futures bet on that team to win it all.
At the opposite spectrum are live bets, also known as in-play or in-game bets, which involve odds that fluctuate in real time based on how a game is progressing. Here, you can bet on situations as granular as what the result of a single drive in football will be or, speedier still, which player will score the next basket in a basketball game -- a wager that would also qualify for the live betting subgenre known as microbetting.
Bettors more interested in a higher-risk, higher-reward scenario might want to consider parlay wagering. This involves bundling two or more bets into one at longer odds than a bet on a single outcome. In order for a parlay bet to cash, all “legs” must be successful, although DraftKings offers a cash-out option if a bettor gets cold feet before all legs of their parlay are decided.
In addition to showing parlay odds on its online bet slip, DraftKings Sportsbook features a parlay calculator in its how-to section for those looking to familiarize themselves with the wager before putting real money on the line.
About microbetting: No sportsbook is better positioned to get a leg up in this increasingly popular type of market than DraftKings, which purchased the industry's leading in-game micro-market technology supplier, Simplebet, in 2024.
And about legs: DraftKings offers something called a progressive parlay, where a parlay bet has a chance to win something even if one or two legs fail to cash. Let's say you bet an six-leg prop at odds of 60/1. If five out of six legs hit, you might get paid out at 3/1 versus losing the bet altogether, whereas hitting four out of six might pay out at -600.
Generally speaking, the DraftKings Sportsbook mobile app ranks at or near the top of customer reviews when it comes to speedy load times and ease of navigation. Bets are easy to find and are graded out quickly, and withdrawing money is consistently swift and hassle-free.
DraftKings Sportsbook's mobile app also features excellent screen density, both in terms of how many games are viewable on a screen without having to scroll down and how many bets fit on an online bet slip when viewed on a single screen.
Despite its origins as an online native in the fantasy sports realm, DraftKings has created more than two dozen comfortable retail sportsbook spaces throughout the United States.
Perhaps the splashiest of DraftKings' brick-and-mortar sportsbooks is at TPC Scottsdale in Arizona, home to the PGA's Waste Management Phoenix Open and its raucous 16th green. DraftKings also has retail sportsbooks at Foxwoods Casino in Connecticut, Resorts Casino & Hotel in Atlantic City, and Wrigley Field in Chicago, home of Major League Baseball's Cubs.
While DraftKings completed its purchase of Golden Nugget's online gaming arm in 2022, it does not own the physical Golden Nugget casinos. This has not gotten in the way of certain synergies, however, as DraftKings operates sportsbooks at Golden Nugget casinos in Lake Charles, Louisiana; and Biloxi, Mississippi.
DraftKings also operates retail sportsbooks at a pair of casinos owned and operated by the Tulalip Tribes of Washington about 45 minutes north of Seattle, as well as one at Wisconsin's Lake of the Torches Resort Casino, which is run by the Lac du Flambeau Band of Lake Superior Chippewa Indians.
While online reviews of DraftKings' app assert that the company does not offer the best customer support in the entire sports betting industry, there are several ways to make concerns known to the operator and eventually resolve any issues.
Here, DraftKings offers a round-the-clock chatbot feature on its mobile app and desktop interface, through which you can request a callback from a representative. Customer assistance is also available via X/Twitter (@DK_Assist) and email (sportsbook@draftkings.com).
While more seasoned gamblers often complain about being limited by DraftKings Sportsbook, that isn't to say limits are a bad thing when viewed through the prism of responsible gambling. In fact, setting voluntary personal limits on the amount of time and money you spend wagering on DraftKings Sportsbook are effective RG tools that are readily available through its smartphone app and desktop interface.
In March of 2024, DraftKings rolled out My Stat Sheet, a responsible gambling dashboard that allows account holders to view the amount of time and money they've spent on a given DraftKings platform -- including sportsbook, online casino, fantasy, and DK Horse. This data includes deposits, withdrawals, and net wins and losses across monthly, yearly, and lifelong spans.
If a DraftKings Sportsbook customer feels like they need a short or extended break from gambling, they can opt into a cooling-off period or a more extended time frame of self-exclusion. If you ever feel like you aren't able to control the amount of time and/or money you spend gambling, call 1-800-GAMBLER or a state hotline for help.