DraftKings

Online Sports Book Review

Overall Rating: 5/5

Since 2019, sports bettors have been able to use DraftKings as their sportsbook. DraftKings partnered with Resorts Casino and Hotel in New Jersey, Ameristar Casino in Indiana, Penn National in Pennsylvania, and Hollywood Casino in West Virginia, making them free to operate in those states. DraftKings offers users the chance to play daily fantasy games as well as place bets on a wide variety of sporting events. Since DraftKings daily fantasy games are available in all states that have not specifically banned daily fantasy, and it’s sportsbook is available in all states that have legalized online sports betting, a DraftKings account can be used even when traveling.

Pros:
  • Wide variety of sports to bet on
  • Constant promotions and bonuses offered
  • Daily Fantasy Sports
Cons:
  • Occasionally inflated odds

FAQs

How do I get started?

To get started on the site, new users must create an account for DraftKings. The account requires the user’s full name, gender, email, street address, and the last four digits of their social security number. The site will also run a geolocation search to ensure the user is in New Jersey, Indiana, Pennsylvania, or West Virginia.

How do I deposit and is there a minimum?

Users can deposit with VISA/MasterCard, PayPal, Play+ card, Skrill, ACH/eCheck, and Cash Cage. There is a $5 minimum for all deposits except for an eCheck which has no minimum.

Is there a deposit bonus?

The DraftKings deposit bonus changes every few weeks, so it is advisable to read what their bonus is before making your first deposit.

How can I withdraw my winnings? And how long does the withdrawal process take?

To withdraw money from an account, you have the option to use either ACH/eCheck, PayPal, Cash Cage, or to receive a mailed check. ACH/eCheck and PayPal take 2 to 7 business days, and a check can take up to 3 weeks. A Cash Cage withdrawal is immediate.

Are my winnings taxable?

All online casino winnings must be reported to the IRS when you complete your annual federal tax return. This is done on Form 1044. You will tally up your total winnings and report them under the “other income” section. The winnings must also be added to your state tax return and are taxed according to your tax bracket.

Pros

The first big pro for the DraftKings sportsbook is the amount of sports that a bettor can place a wager on. With well over 15 options and over 10 options on the types of bets to place, players never run out of opportunities to gamble on the site. The site is available on PC, Mac, iOS, Android, and mobile web browsing platforms, so it is very accessible. The uniformity of the platform provides players a crisp, easy, user-friendly experience. DraftKings offers betting features such as live better, cash out bets, and boosted odds bets. Another great thing about betting with DraftKings is their constant promotions. To name a few, the Offensive Defense promotion run during the NFL seasons allows a player to receive up to $25 in free bet credit if the team they wagered on was up by 24 points or more and lost. DraftKings Happy Hour, offered on Fridays from 4pm to 7pm Eastern Time, offers players the chance to place bets on props that are specific to that weekend. The payouts on these wagers can sometimes be a lot larger than they normally would be. DraftKings Pennsylvania and West Virginia are one of the few sites to offer no vig bets on certain NFL games. These bets are set at +100 for both teams creating even odds. Finally, DraftKings offers an excellent customer support system. Whether a customer wants to get in contact via live chat, email, or regular mail, DraftKings is quick to respond with helpful support for any issues on the site.

Cons

The biggest con with DraftKings is that their odds can sometimes be very different from other gambling sites. Favorites seem to have inflated moneyline numbers for certain events that can be frustrating for bettors. However, DraftKings seems to give underdogs better odds than some other sites, so it does even out. Other than that, the site does not have any big flaws of note.

How To Place a Bet

In order to place a bet, the bettor must determine what they want to gamble on. If the bettor decides to place a bet on the New England Patriots moneyline against the Seattle Seahawks, they simply have to click the moneyline option for that game. Once clicked, the bet will appear on the betslip on the right side of the page. The betslip can hold multiple bets, so a player can choose up to 10 different betting options and place money on them individually or in a parlay, round robin, or teaser bet. Once the bets are placed, the betslip is cleared and the player can place more wagers if they choose to.

Daily Fantasy

DraftKings offers an extensive collection of daily fantasy games for each player to participate in. The interface of the site makes it easy to join any daily fantasy contest and makes gameplay very simple and easy to follow. DraftKings also does a nice job of showing each player their lineup as they are selecting their team so that the player can keep track of their selections and their budget.

How To Deposit

The first step for new players will be to register for an account. Account registration is very simple and should take no longer than a couple of minutes. Each player will need to submit a username, email, password, full name and address, date of birth, and the last four digits of their social security number. Once all of this is submitted, DraftKings will run a geolocation search to ensure that the player is in the state of New Jersey, Indiana, Pennsylvania, or West Virginia. If this is successful, the next step will be to deposit money into the account.

DraftKings currently accepts VISA/MasterCard, PayPal, Play+ card, Skrill, ACH/eCheck, and Cash Cage. There is a $5 minimum for all deposits except for an eCheck which has no minimum. To withdraw money from an account, the player has the option to use either ACH/eCheck, PayPal, Cash Cage, or to receive a mailed check. Depending on the method of withdrawal, this process can take anywhere from two business days to three weeks (if receiving a mailed check) for the player to receive their money.

DraftKings has constantly changing promo codes for first time deposits. These codes are typically related to free play money in their daily fantasy contests or free bets that can be placed in their sportsbook. These bets will typically change every few weeks, so it is advisable to pay attention to their first-time deposit bonuses listed on the website when signing up.

Conclusion

Overall, DraftKings is an excellent sportsbook that has the added bonus of offering daily fantasy games for bettors interested in that as well. The site is very simple to use and makes it easy for all players to browse their options, place bets, and get support if needed. The added bonus of being able to use a DraftKings account while traveling is an attractive feature for all players.

  • Reputation and Licensing: 5/5
  • Game Variety: 5/5
  • Game Quality: 5/5
  • Bonuses and Promotions: 5/5
  • Deposits and Withdrawals: 5/5
  • User Experience: 5/5
Overall Rating: 5/5