Dominating the DFS landscape wasn’t enough for DraftKings. Now they’re dominating the sports betting industry as well. The simple transition from DFS to betting gave DraftKings a leg up on most of the competition by being one of the first to offer online sports betting via mobile apps and desktop in legal jurisdictions.
DraftKings Sportsbook’s mobile app is only available in New Jersey at the present time, but other states are expected to come on board soon and DK is also operating brick-and-mortar sportsbooks in West Virginia at Charles Town Casino and New York at del Lago Sportsbook.
If you don’t live in New Jersey, but live in a neighboring state, all you have to do is get within the state border and you can access the app and place your bets. That means you, New York, Pennsylvania, Maryland, Delaware, and Connecticut!
Because of the wide-ranging success of daily fantasy sports, DraftKings was part of the push for legalized sports betting and the opportunity to add more revenue streams to its empire. Even though sports betting has not been approved in nearly as many states as DFS has, DraftKings’s imprint on the gambling landscape left the company in a great spot to transition its app over for betting purposes.
Integrating existing DFS accounts into betting bankrolls was a cinch for the company, though, again, it remains only legal in New Jersey to bet online through DraftKings. Other states will be getting on board with the mobile apps, so there is no time better than the present to familiarize yourself with DraftKings and all that it has to offer.
Becoming A Market Leader
DraftKings is a trusted name. As a playground for fantasy sports enthusiasts, DraftKings secured advertising deals with the major sports leagues, silenced critics, and turned pessimists into believers. One of the most challenging things about the online sports betting industry before PASPA was overturned was the safety and security of a bankroll.
Once gamblers sent their monies overseas, they wondered whether or not they would get back their winnings. There was no regulation and it was a business full of grey areas. That isn’t the case with DraftKings. Countless legal battles cleared up most questions about the legality of DraftKings from a fantasy standpoint and you can bet that the owners and operators did all sorts of due diligence before entering the betting landscape.
Fantasy players got their funds. Their deposits were safe. Why would the betting side be any different? It wouldn’t be. That’s why DraftKings has been so successful. Being visible in the fantasy sports world gave DraftKings all the credibility it needed when the transition to sports betting took place.
Sportsbook Options for All
Big bettors, small bettors, hobbyists, semi-pros, amateurs, novices, it doesn’t really matter what kind of bettor you are. DraftKings will take your action and will give you a lot of different sports and styles of betting. Even if you just want to try it out with a test drive to have some fun and give it a try, DraftKings takes wagers as small as 10 cents!
Do you prefer to play parlays? DraftKings has fair parlay odds and great “How To” videos explaining what a parlay means and how you can win one. Are you a straight bettor of sides and totals? DraftKings has all of those standard options as well.
NFL, college football, college basketball, MLB, NBA, Golf, NHL, MMA, Tennis, Soccer, Motorsports, Boxing, Cycling, Cricket, and all sorts of other betting odds are available. Unfortunately, one big downside to DraftKings is that college sports that are played in the state of New Jersey or games that feature colleges that are located in the state of New Jersey are not listed in the app. So, if you want to bet Rutgers, Princeton, or on any college tournaments in the state, you’ll have to use another option.
DraftKings, along with the standard DFS contests and the betting options, allows for the creation of Sportsbook Pools, in which players can play pick ‘em contests against other entrants to pick the straight up winners of MLB or NFL games. Most of them are Guaranteed Prize Pools that have a certain amount of money to hand out for winnings, even if there aren’t enough sign-ups to get to that prize pool amount.
What Makes DraftKings Unique?
Along with the Sportsbook Pools, DraftKings has a revolutionary live betting system. Where a lot of sportsbooks that offer live betting force players to make new bets, DraftKings’s live betting system allows you to cash your winner early at a different vig.
For example, if the Patriots are -8 and are winning by 14, you won’t get the full value of your -110 bet at -8, but you would make some money on it if you decided to cash in your ticket early and avoid a backdoor cover or a bad beat. Instead of running the risk of that Garbage Time Touchdown, that so many of DraftKings’s fantasy players are all too familiar with, you can simply take your profit and run. Just know that you won’t make as much as you would if you waited it out and won.
The presence of daily fantasy contests is an obvious difference between DraftKings and most online sports betting apps. It isn’t as simple as moving money back and forth, but it isn’t a complicated process either. If you deposit $100 for the sportsbook, you have to make at least $100 in sports bets before you can transfer money over to the DFS side. Similarly, if you deposit $500 on the contests side, you have to enter at least $500 worth of contests before you can ship it over to the sportsbook account balance.
Unfortunately, nothing is perfect in the sports betting world, as we all know. Players can only deposit at DraftKings via credit card, debit card, bank transfer, or Play+ Prepaid. PayPal, a popular way of funding other sportsbook accounts in New Jersey, is not available through DraftKings.
Withdrawals will only come via check or you can go and pick up your winnings at Resorts Atlantic City, so the cashier options aren’t the most convenient in the business, but that is a small price to pay for the promotions, the security, and the convenience of betting from home at a legalized sportsbook.
Draftkings Deposit Promotions
Oh, yeah, the promotions! Few sportsbooks in the industry offer the level of promotions that DraftKings can boast. We have an exclusive deposit bonus code for our readers that sign up for a DraftKings account. All depositers at DraftKings will have access to all sorts of fun promotions, like the No-Brainer Odds Boost, a seemingly obvious $10 bet that would have to go horribly wrong to lose.
You can try all sorts of different betting options with free bets and risk-free wagers, like trying a MLB Flash Bet for Free. If an English Premier League game ends in a 0-0 tie, that bet will be refunded up to $25. New users can get a matched bet up to $200 on top of their deposit bonus.
Plenty of other bonuses are offered seasonally.
Because you know it. You know the name. You know the reputation. You can trust that you will get paid out in a timely fashion and that you will have a lot of betting options. You’ll get free bets, promotions, and one of the best initial deposit bonuses in the business.
Sign up at DraftKings Sportsbook today!