DraftKings Sportsbook Review - Bet $5, Get $150 in Bonus Bets

DraftKings Sportsbook is considered by most to be one of the very best sportsbooks in the entire country. Gamblers at DraftKings find a very easy-to-use platform with many eye-catching design aspects. As an expert sportsbook reviewer, I have spent a lot of time looking at every aspect of the DraftKings Sportsbook.

My review covers every area that matters to sports bettors. I have graded DraftKings’ promotions and bonuses section, the mobile app, the desktop website, essential features, all depositing and withdrawal options, odds and lines, customer support, and user security. 

Each category is rated on a one-to-five scale with detailed information about each one. Lastly, I'll share here all the essential legal information that sports bettors need to know about using DraftKings online and in person.

DraftKings Sportsbook Promotions and Bonuses

Sign-Up Bonus – Bet $5, Get $150 in Bonus Bets

When it comes to great promos and bonuses, DraftKings likes to be the leader. The latest Bet $5, Get $150 in Bonus Bets is a testament to that.

This is what you have to do to claim this offer:

1. Go to DraftKings

2. Select the product you want to use. For sports choose Sportsbook and click "Login/Join".

3. Enter your username, a valid email address, a strong password, and valid phone number. Read and agree to the terms and conditions and click "Create Acount".

4. Before placing your first bet you will have to confirm your identity. Enter your full name, date of birth, the last four digits of your social security number, and your address.

5. DraftKings has to verify your location and will next prompt you to download a plugin to install location services.

6. After your identity is verified, you can deposit a minimum of $5 and place your first bet of a minimum of $5 on any market.

7. Outcome of your wager doesn't matter. All you have to do is deposit $5 and you already qualified for $150 in Bonus Bets.

8. You'll get your bonus bets within 72 hours of bet settling and have seven days, or 168 hours, to use them.

You'll get your bonus bets in one lump sum that you can't split and will have to wager at least once before you can withdraw any winnings. Act quickly, though—the Bonus Bets will expire after 168 hours. So avoid betting on futures or on an event that will settle outside of the seven-day time window.

Read more about the DraftKings sign-up offer in your state:

• DraftKings Ohio promo

• DraftKings PA Promo

• DraftKings IL Promo

• DraftKings MA Promo

• DraftKings MD Promo

• DraftKings NJ Promo

• DraftKings MI Promo

• DraftKings NC Promo

• DraftKings AZ Promo

• DraftKings KY Promo

• DraftKings KS Promo

• DraftKings CO Promo

No Sweat Bet + SGP Insurance

DraftKings has a double-feature promotion that's bound to make any sports season more exciting. Introducing the No Sweat Bet and SGP Insurance combo, two offers designed to maximize your wins and minimize your losses.

How It Works:

Opt-In for Both: These offers require separate opt-ins. Once that's done, you're eligible to receive one No Sweat and one Parlay Insurance token. Opt in and apply your Parlay Insurance token to place a X+ leg Same Game Parlay. If one leg loses and the rest win, get your stake back in the form of a Bonus Bet.

No Sweat Bet: Bet on any game and apply your No Sweat token. If you lose, don't sweat it! You'll receive a Bonus Bet equal to the amount of your initial losing wager. This Bonus Bet expires after seven days and must be wagered at least once.

Whether you're looking for a safety net or a victory, DraftKings has got you covered.

Refer-a-Friend

When users refer a friend to DraftKings online sportsbook, each of you will receive a bonus bet of up to $100. There is no limit to the number of friends you can refer; know that the bonus bet is good for seven days from the time of receiving it.

DraftKings Rewards

The DraftKings Dynasty rewards program rolled out at the start of 2023 and is a big reason why now I give DraftKings a 5/5 on their promos and bonuses. Before 2023, DraftKings had no rewards program, which was the only drawback of their rating. 

Bettors earn DraftKings crowns for every wager and competition they participate in. Those crowns can be traded for contest entries, DK dollars, and more. The higher tier a DraftKings Dynasty sportsbettor is, will also get them more access to exclusive DraftKings promotions. The higher tier a bettor is, will also earn them anywhere from 10-40% monthly crown accrual. 

The two highest tier users even get things like dedicated VIP hosts, gifts when reaching a new tier, in-person VIP invites to DraftKings retail locations, Dynasty sweepstakes, priority customer support, and much more.

Daily & Weekly Promos

For bettors looking for sports-specific and weekly promos, DraftKings is one of America's best sportsbooks. With constantly updated promos for sports, big games, and events, users get many high-quality offers every week. 

The ongoing promos include everything from parlay offers, odds boosts, second chance bets, and more. 

Make a habit of checking the DraftKings promo page every time you log in, as you almost always find an incredible offer.

DraftKings Sportsbook Features

Prop Betting Options

One of the growing betting types has been prop bets. When the laws changed and allowed states to start allowing sports betting, most sportsbooks saw the standard types of bets being placed most often. Money lines, spreads, point totals, and not much more. As more betting knowledge becomes available, people are starting to love more niche things like player props or team props.

DraftKings is an excellent place for this, as one of the sportsbooks with the most prop bets of any provider. The odds for their prop bets are competitive, and frequently sports bettors can find odds for prop bets only available at DraftKings.

Live Betting

Nothing is more exciting than live betting for sports gamblers, as it keeps you in a game even if your initial bet appears to be a flop.

In contrast, you may have a great bet going. A parlay of yours is perfect so far, and only one game is left in it. Live betting is a great way for you to hedge. 

DraftKings has an excellent, immersive live betting platform. It is fast, easy to use, and has one of the best live betting functions of any sportsbook.

Live Streaming

With live betting, it may be hard to watch your game on a device and place a live bet. DraftKings has you covered with their live-streaming platform, which has continued growing with more games available to watch every season. Watching and betting live from the same app or on the DraftKings website is super convenient.

Same Game Parlays

Many bettors enjoy watching their favorite teams along with wagering on them. Beyond just placing a pregame bet or even a live bet, DraftKings bettors can make same-game parlays with multiple-player events to occur in one game. Users can create custom SGPs with DraftKings with numerous markets and odds for one game.

Progressive Parlays (Coming Soon)

In its Investor Day presentation on 14 Nov, 2023, DraftKings announced a brand new feature to the sports betting world - progressive parlays. A progressive parlay will allow bettors to create a parlay of over/under props with between three and twelve legs. While hitting all legs will lead to a big payout, like a standard parlay, bettors can still win if some are missed. Each missed leg will lead to a smaller potential payout, depending on the amount of legs. Stay tuned for more information on when DraftKings will launch this exciting new feature.

Betting on Casino, DFS, and Horse Racing

Gambling online is made easy with DraftKings, as they have pretty much every gambling style available on their platform.

First, the DraftKings Casino is excellent and accessible from the same account. The online casino has tons of slot games and several exclusive offerings from DraftKings, and you can even play live dealer games against real people.

Daily Fantasy is another option at DraftKings and it's where they started as a company. The DraftKings DFS platform is one of the top two in the US and has many games and contests with a wide range of pricing options. Users will find many free-to-play contests as well, and DraftKings are quite generous with their prizes.

DraftKings also offers horse racing betting on various tracks worldwide, including major events like the Kentucky Derby. Users can place straight bets or exotics, such as exactas and trifectas. The sportsbook also provides handicapping information, live-streaming, and a bet builder tool to help users create custom bets.

Banking Options and Payout Speed

Deposit Options

All listed deposit minimums are the general amounts DraftKings gives on their platform. These amounts can vary from state to state, as some states have different minimums based on local regulations.

Remember that deposit processing times are instant in most cases, but for online methods, it can take up to an hour to make it to your sportsbook account.

Withdrawal Options

Making a withdrawal at DraftKings sportsbook is easy for sports gamblers. Follow a few steps.

1. Go to your DraftKings Sportsbook app or desktop page.

2. Click your profile photo in the top left corner of your screen.

3. Choose the Withdrawal button.

4. Double-check all “Things to Know Before Withdrawing” and click Got It. 

5. Enter your withdrawal amount.

6. Click Continue.

7. Pick your withdrawal method.

8. Tap Request Withdrawal.

DraftKings Withdrawal Payout Speeds

When sharing withdrawal speeds from my reviews of any sportsbook, all speeds are estimates and the standard shared by the sportsbook. Withdrawals can sometimes be affected by how busy DraftKings is. Big events like March Madness or the Super Bowl, where DraftKings has to process a larger-than-average amount of deposits and withdrawals, can delay withdrawals slightly.

Several expert sports bettors have shared that experience with me when making withdrawals, while these speed estimates are accurate, the withdrawal times are frequently much faster.

Find the best sportsbooks for fast payouts here.

DraftKings Sportsbook Odds and Betting Lines

DraftKings is a solid competitor in the odds game, but don't expect it to beat competitors in this area regularly. That is what keeps DraftKings from getting a perfect rating. 

DraftKings' odds are not worse than any of the other top sportsbooks in the American Market. 

When we compared DraftKings side by side with other top online sportsbooks, looking at dozens of betting markets, we found that all available odds and lines were close. While sports bettors will not find odds at DraftKings to be significantly better, they will not find better odds elsewhere.

What helps boost the DraftKings rating in this area is that bettors will often find odds or line boosts as promo offers. DraftKings uses SB Tech as their odds' provider, and they are a trusted source as a long-time oddsmaker.

DraftKings Sportsbook Security

Sports bettors coming to DraftKings need not worry about their identity or banking information ever being at risk. DraftKings operates under the oversight of every state they are legal in. 

DraftKings operates only in states where they have received a license. Bettors in each state DraftKings operates in are protected by the state's laws and regulations. At the same time, DraftKings has some of the best online security using a 256-bit encryption security system.

Getting state licenses is not easy, and being that DraftKings is licensed in the majority of states where online sports betting is legal is proof that their security is solid. Because of DraftKings' state-of-the-art security and your state's licensing body, users are always heavily protected. 

DraftKings Sportsbook Customer Support

DraftKings has one of the best customer support systems in place to ensure sports bettors can handle getting help quickly if a problem arises. Users can reach DraftKings customer support through various methods, including live chat, email, phone call back, and X (Twitter).

Live chat: available 24/7

Email: [email protected]

Phone: Callback request 1-(855)-357-2377

Twitter: @DKSportsbook

After my review of using DraftKings customer support, I recommend the live chat system, which is available around the clock. They responded in just a few minutes when I told them I had a deposit issue and gave me multiple suggestions on fixing it, ensuring that I could quickly get back to placing sports wagers.

The email, phone callback system, and X (Twitter) messages we sent all got responses within one business day. If it is a minor issue, feel free to use one of these methods, but the live chat is the way to go for a quick fix.

DraftKings Sportsbook Mobile App

While DraftKings has an excellent desktop website, sports bettors use their mobile devices for most of their betting action. The WSN sports betting experts love the DraftKings sportsbook mobile app on Android and iOS devices. 

There are multiple ways to download the DraftKings Sportsbook mobile app. You can go to the Apple App Store or the Google Play Store and search “DraftKings Sportsbook.” Users can also go to the DraftKings mobile website on their browser and use the DraftKings mobile download link.

Now, when it comes to placing bets on the DraftKings app, it is seamless. Users tap the bet they want, which gets added to their bet slip or my bets button. Then, when ready, just open the bet slip to choose your wagering amount and confirm your bet. 

Navigating the DraftKings app is very simple as well. Some sportsbooks get a bit cluttered on their home page, trying to fit in too much information. Yet, DraftKings finds a way to make their home screen feel very comfortable.

It is easy to see everything you need, but it still has a great layout that looks very nice. Last but not least, the DraftKings mobile app is one of the best-looking designs of any mobile sportsbook app from a design aspect. Users who appreciate graphics and technical design will find no better sportsbook than DraftKings.

For more online betting apps, take a look at the Best Sports Betting Apps in the US in 2024.

DraftKings Sportsbook User Ratings 

Sports You Can Bet on at DraftKings Sportsbook

DraftKings hits the mark regarding the sports available to bet on. Sports gamblers can find everything they are looking for, from those who bet on mainstream sports to niche sports bettors. 

Of course, all the major sports, like the NFL, MLB, NHL, and NBA, along with college sports, are available. Users will also find less popular sports like Handball, Lacrosse, and Snooker with available betting markets.

Here is the complete A-Z list of available sports and leagues to bet on at DraftKings Sportsbook:

• AFL

• MLB

• College Baseball

• KBO

• NPB

• Argentina - Liga Nacional De Basquetbol

• BNXT League

• Brazil - NBB

• China - CBA

• College Basketball (M)

• College Basketball (W)

• Croatia - A1 League

• Euroleague

• FIBA - Champions League

• Finland - Korisliiga

• Israel - Super League

• Korea - Basketball League

• Lithuania - LKL

• NBA

• Poland - Basket Liga

• Sweden - Basketligan

• Turkey - BSL

• Boxing

• Cornhole

• Cricket

• Cycling

• Darts

• E-sports

• NFL

• College Football

• CFL

• NFL Preseason

• USFL

• PGA Tour

• Liv Golf

• NCAA Golf

• Handball

• NHL

• Sweden - SHL

• Finland - SM Liga

• Switzerland - NLA

• College Lacrosse

• Premier Lacrosse League

• MMA - UFC and Boxing

• F1 - Azerbaijan GP

• Formula E - Berlin

• Formula E Championship

• IndyCar Series

• NASCAR Cup Series

• World Superbikes Champ

• Rugby League

• Rugby Union

• Snooker

• English Premier League

• Spain - La Liga

• Italy - Serie A

• Champions League

• MLS

• Liga MX

• Table Tennis

• Tennis

Where Is DraftKings Sportsbook Legal & Operating?

DraftKings has some of the best access of any sportsbook provider, operating in almost every state with legal online sports betting. When new states launch mobile sports betting, DraftKings is almost always one of the first available sportsbooks.

Here is a full list of states where DraftKings is available, along with sign-up offers.

DraftKings Account Signup and Registration Process

Signing up for most legal online US sportsbooks is similar, but each has its own little nuances. It is also essential to follow the sign-up process to ensure that you qualify for your promo.

1. Go to DraftKings sportsbook website or mobile app. If you have already signed up in the past at DraftKings for, say, daily fantasy or any other platform, you will use the same account information. But for all new users, follow these simple steps to ensure you sign up correctly, qualify for your promo offer, and are ready to start placing wagers.

2. Once at the sign-up screen, create a unique username and password and provide a valid email address.

3. Next, provide DraftKings with all the necessary information about yourself. This includes your full name, current physical address, date of birth, telephone number, and social security number. You also may be asked to verify your identity with a valid state-issued ID.

4. Make your first deposit with your preferred banking method.

5. Start placing wagers and bets on all your favorite teams, sports, and leagues!

DraftKings Sportsbook Final Verdict

Well, sports bettors, the verdict is in, and DraftKings is guilty! Guilty of being an excellent sportsbook, as when you look at all the facts and evidence, it supports this 100%.

DraftKings is widely available across all the legal sports betting markets in America. This means your favorite sportsbook will still be available even when you travel, whether for business or pleasure.

The DraftKings Sportsbook mobile app and desktop website function as well, if not better, than any other sports betting platform. Sports bettors will be pleased to find ongoing promotions regularly helping you pad your bankroll. 

With solid odds and lines, bettors don't have to worry about odds shopping because DraftKings is fair to their users. The customer support is strong and very helpful with any needs. All of this while providing top-notch security protecting their users' personal information.

Then, possibly the most crucial thing, DraftKings has fast payout speeds, and when you hit big on that parlay bet, you can get your winning in just a few days or less.

How We Rate Sportsbooks

When we rate sportsbooks, we do not farm it out or outsource. We are the very same sports betting experts who give you tips daily, and the reviewers of sportsbooks promoted here at WSN. When doing our reviews, we look at the user experience, promotions, bonuses, odds and lines, customer service, and user security.

Responsible Gambling

While we all love sports betting and enjoy the excitement, nothing is more important than betting or gaming responsibly. DraftKings has excellent resources for all its users if they think they might have a gambling problem and need help.

• The DraftKings Responsible Gaming Page

• Helpline: 1-800-GAMBLER

• Gambler Anonymous

• Bet Blocker