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DraftKings Review

Joshua Howe - Covers
Written by: Joshua Howe, Sports Betting Editor Fact checked by: Brandon DuBreuil, Head of Content

Last Updated Jan 27, 2023, 2:42 PM ET

DraftKings logo
Flag of the United States
checkmark icon
4.6/5
checkmark icon

Good live betting section

checkmark icon

Offers same-game parlays

checkmark icon

User-friendly interface

Sign up bonus

Bet $5, Get $200
Terms & conditions apply
Bet Now
DraftKings logo

Bet $5, Get $200

Bet Now

BetSmart™ Rating:

Bonuses & Promotions

4.6/5

Banking & Payout Speed

4.6/5

Key Features

4.8/5

Security & Trust

4.9/5

Customer Support

4.5/5

Payout Speed:

dollar sign icon

1-3 days

Deposits & withdrawals

visa Logo mastercard Logo maestro Logo skrill Logo paypal Logo playplus Logo echeck Logo cash Logo cheque Logo online_banking Logo wiretransfer Logo
DraftKings logo
Bet Now

Sign up bonus

Bet $5, Get $200

Terms & conditions apply

Why DraftKings?

checkmark icon

Good live betting section

checkmark icon

Offers same-game parlays

checkmark icon

User-friendly interface

Payout Speed:
dollar sign icon

1-3 days

BetSmart Logo BetSmart™ Rating:
Overall Rating:
4.6/5
BetSmart Logo BetSmart™ Rating:
4.6/5
Bonuses & Promotions
4.6/5
Banking & Payout Speed
4.6/5
Key Features
4.8/5
Security & Trust
4.9/5
Customer Support
4.5/5
Deposits & withdrawals
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    DraftKings Sportsbook Review

    DraftKings has proven to be a gambling industry leader by simply doing everything well. Bettors are guaranteed a secure experience, with no shortage of live betting markets and competitive odds. 

    Learn all about DraftKings Sportsbook through our honest review and tune in to the DraftKings Sportsbook sign-up video to get started:

    Access the DraftKings sportsbook in these states:

    Arizona
    Colorado
    Connecticut
    Illinois
    Indiana
    Iowa
    Kansas
    Louisiana
    Maryland
    Michigan
    New Hampshire
    New Jersey
    New York
    Ohio
    Oregon
    Pennsylvania
    Tennessee
    Virginia
    West Virginia
    Wyoming

    Hits and misses

    Covers hit icon
    Dedicated iOS and Android apps
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    Legitimate, licensed sportsbook
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    Safe and secure banking transactions
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    Professional customer support
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    Plenty of markets for the main leagues
    Covers miss icon
    Less than favorable odds
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    Restrictive promotions for existing users
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    Low maximum bet limits for odds boosts

    DraftKings bonuses and promotions

    Rated #5 of 34 books in this category

    4.6/5

    Lowest Rated

    Tiered Rewards Program

    DraftKings logo

    Rated #5

    Bet $5, Get $200

    Highest Rated

    Up To $1,250 On Caesars

    Highest Rated

    Up To $1,250 On Caesars

    DraftKings logo

    Rated #5

    Bet $5, Get $200

    Lowest Rated

    Tiered Rewards Program

    Given the new online sports betting landscape in the United States, large bonuses can appeal to potential new clients. DraftKings has a few great offers worth checking out.

    Sign-up bonus
    The "Bet $5, Get $200 in Bonus Bets" welcome bonus is available for first-time DraftKings customers only, and one qualifying bet is allowed per customer. To activate the bonus, make a minimum deposit of at least $5 and place a wager of $5 or more on any sports market. 

    Once the bet settles, you will receive $200 in bonus bets on top of any winnings you may earn. The bonus is paid in eight $25 bonus bets, and the qualifying wager must be placed during the offer period, which expires on Feb. 12, 2023, at 11:59 p.m. ET. Bonus bets will expire seven days after the reward enters your account.

    Loyalty program
    Registered bettors and newcomers alike are eligible to join DraftKings' Dynasty Rewards program. The system is tiered, with the rewards increasing in value the more 'crowns' — DraftKings' version of points — a user accumulates. One crown can be earned for every $2 placed on a sports wager.

    Ongoing promotions and bonuses
    DraftKings will often present boosted lines for selected markets, and these can cover different sports and leagues, including the NFL and NASCAR Cup Series. You will have to opt-in from the promotions page and place the featured bets to qualify. If successful, some boosts can add up to $250 to your total payout.

    DK Squares
    For those NFL bettors looking for a different type of wager, DraftKings has repurposed the popular Superbowl squares concept. Simply predict what you think the score will be and choose the corresponding square. This is available for every NFL game. 

    Promo code
    There is no DraftKings promo code required to claim the sportsbook's current welcome offer. Before, sign-up bonuses almost always needed promo codes. Now, registering and making an initial deposit is enough.

    DraftKings deposits and withdrawals

    Rated #2 of 34 books in this category

    4.6/5

    Deposit options

    Banking is simple and straightforward at DraftKings. There are multiple options available for deposits, and security is never a concern. DraftKings is one of the most popular PayPal betting sites (U.S.) in North America.

    Deposit Method Fee Process Time
    visa Logo FREE Instant $5
    mastercard Logo FREE Instant $5
    maestro Logo FREE Instant $5
    skrill Logo FREE Instant $5
    paypal Logo FREE Instant $5
    playplus Logo FREE Instant $5
    echeck Logo FREE Instant $20
    cash Logo FREE Instant $20

    Withdrawal options

    You can withdraw your winnings from the account at any time through most of the same methods. DraftKings has a casino partner in each state that gives bettors the freedom to withdraw in person.

    Withdrawal Method Fee Process Time
    playplus Logo Free 1-3 Banking Days $20
    online_banking Logo Free 1-3 Banking Days $20
    wiretransfer Logo Free 1-3 Banking Days $20
    paypal Logo FREE 1-3 Banking Days $20
    echeck Logo FREE 1-3 Banking Days $20
    cheque Logo FREE 3-7 Banking Days $20
    cash Logo FREE 1-3 Banking Days $20

    DraftKings key features

    Rated #1 of 34 books in this category

    4.8/5

    DraftKings has a complete online sportsbook where users can bet real money on pre-match and live events. It is also adding new features that are successful on other betting sites.

    Live betting

    The most popular sports betting feature available online is live betting — and DraftKings' live betting section is excellent. Here, users can check out markets for games in progress and view updated odds immediately. Additionally, DraftKings usually has an entire range of prop bets for major live sporting events.

    Live streaming

    DraftKings has been working on offering its users live streaming for sporting events for years on its fantasy section. Now, the sportsbook has added live streams for several leagues around the globe. However, the feature is still in its early stages, and only some locations have agreed to let the operator stream the action on the site.

    Daily Fantasy

    DraftKings is a market leader in DFS contests, so it's no surprise to see the operator's 'Daily Fantasy' section featured prominently on its website. Users can pick from many contests across a variety of standard sports and esports contests. The entry fee can range from $1 to over $5,000, so there is always something running for just about any interested bettor.

    Early cash out

    Sports bettors can find DraftKings' cash-out feature in many markets, as the sportsbook has made this option more widely available as of late.  Early cash out allows users to settle bets before matches reach their natural conclusions. It is a great way to guarantee winnings or limit losses.

    Casino

    The DraftKings Casino comes with an impressive range of games from renowned developers. It is only available for players in states with legal online casino gambling and can be accessed from the same account. The casino lobby hosts hundreds of popular slot games, along with live dealer options and a few DraftKings exclusives.

    Only vailable in: CT, MI, NJ, PA, and WV

    Same-game parlays

    DraftKings offers popular same-game parlays on numerous sports, including football and baseball. To place a bet, locate a game that has a '+SGP' icon in its top-left corner, then toggle on 'Same Game Parlay' to view the available bets. From there, users can build their parlays and add them to their bet slips.

    DraftKings mobile app

    Rated #2 of 34 books in this category

    4.8/5

    The DraftKings Sportsbook app is impressive. It is available on both Android and iOS platforms, and users can get a link to download the mobile betting app from the DraftKings website. Once installed, the sports betting app will present all the same sports and markets with a mobile-friendly interface. You can add bets with just a few taps, and the menu at the bottom provides easy access to the different sections. Of course, DraftKings uses geolocation software to ensure that mobile bettors remain within state borders.

    DraftKings app DraftKings app DraftKings app

    DraftKings security and license

    Rated #3 of 34 books in this category

    4.9/5

      DraftKings operates under the supervision and regulation of several state authorities. The sportsbook operator is licensed in more than a dozen U.S. states and is only available within the borders of these jurisdictions. The DraftKings website uses state-of-the-art 256-bit encryption for the best online security.

      New Jersey (DGE)

      Colorado Division of Gaming

      Michigan Gaming Control Board

      Indiana Gaming Commission

      West Virginia Lottery Commission

      Virginia Lottery

      Pennsylvania Gaming Control Board

      NH Lottery

      Iowa Racing and Gaming Commission

      Tennessee Sports Wagering Advisory Council

      Illinois Gaming Board

      Arizona Department of Gaming

      Connecticut Department of Consumer Protection

      Wyoming Gaming Commission

      Louisiana Gaming Control Board

      New York State Gaming Commission

      Kansas Racing and Gaming Commission

      Ohio Casino Control Commission

      Maryland Lottery and Gaming

      DraftKings customer service

      Rated #8 of 34 books in this category

      4.5/5

      DraftKings' dedicated customer support team is very helpful and knowledgeable. The website's contact page has a form for quickly sending messages, and the team usually responds promptly. You can also email the staff directly, start a live chat from the window in the corner, or request a callback. Customer support is available around the clock.

      • Live chat available 24/7
      • Email: sportsbook@draftkings.com
      • Phone: Callback request
      • Support languages: English
      • Twitter: @DKSportsbook

      DraftKings review conclusion

      Rated #3 of 34 books overall

      4.6/5

      There's a reason DraftKings is often regarded as one of the sports betting industry's premium platforms. The sportsbook doesn't rely on brand recognition and its success in the DFS space — it delivers a great product to its customers. Here are some highlights:

      Reliable and trustworthy
      The DraftKings website is secure, and the operator is known for being reliable. It pays withdrawals on time without issue, and users must verify their location and identity before placing any bets.

      DraftKings also stepped up to the plate with respect to problem gambling. Its recently announced State Council Funding Program provides financial assistance — $15,000 per year for three years — to state councils across the United States. 

      Everything from one account
      In states that allow it, DraftKings users can enjoy daily fantasy sports, bet on real sporting events and even play online casino games for real money. All of this is possible using the same account balance.

      Quick facts: DraftKings Sportsbook

      DraftKings Promo Code No code - Claim now!
      Welcome bonus Bet $5, Get $200
      Minimum deposit (welcome bonus) $5
      Minimum wager (welcome bonus) $5
      Wagering requirement (welcome bonus) N/A
      Mobile app Yes (iOS and Android)
      Online casino Yes (only in CT, MI, NJ, PA, and WV)
      Odds provider SBTech
      Payout speed 1-3 days
      States with legal access to DraftKings 20
      Live betting Yes
      Early cash out Yes
      Same-game parlays Yes
      Live streaming Yes
      Bet Now

      DraftKings review FAQ

      Yes, DraftKings is one of the most legitimate real money sportsbooks available online. DraftKings operates under the supervision and regulation of relevant state authorities.

      Yes, you can join DraftKings and bet real money if you are located in a state where it is legal.

      Yes, you are eligible for a "Bet $5, Get $200 in Bonus Bets" welcome bonus when you register with the DraftKings sportsbook.

      DK Squares is similar to Super Bowl squares, in which a winner is determined at the end of each quarter, plus the final game score. The winner is based on looking at the last number in each team's score and matching it to the DK Squares grid for that game.

      Yes, the DraftKings Sportsbook app is perfect for mobile bettors. The app includes all of the sportsbook's top features, including live betting.

      No, Bitcoin is not one of the supported payment methods at DraftKings.

      Yes. It is a complete sportsbook where bettors can legally withdraw their winnings. There are several options available for cashing out.

      DraftKings withdrawals are normally processed within one or two business days. It can take a few more days for the funds to reach your bank account.

      The site has a Contact Us page with all the needed information for reaching the support team. There is a message form, a live chat button, an email address, and even a form for requesting a callback.

      Yes, but only in five states: Connecticut, Michigan, New Jersey, Pennsylvania, and West Virginia.

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      Joshua Howe - Covers
      Joshua Howe
      Sports Betting Editor

      Joshua Howe is a sports betting editor at Covers, helping make smarter sports bettors since 2021. The experienced writer and editor has reviewed over 20 sportsbooks and has been placing his own wagers for three years and counting. He prefers FanDuel for its sleek app design and variety of NBA markets.

      DraftKings
      Overall Rating:
      4.6/5
      Bet Now
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