A Unique Look At DraftKings Sportsbook With New User Signup Bonus

DraftKings Pick

Bet $5


$200 Instantly

  • 40-1 on Any NFL, CFB Market
  • Huge Prop Selection
  • Parlay Insurance
DraftKings Rating Overall Rating 5/5
Reviewed by: Mike McDermott

Licensed in the United States


A Unique Look At DraftKings Sportsbook With New User Signup Bonus

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 desktops in legal jurisdictions.

DraftKings Sportsbook’s mobile app is now available in all states where US sports betting is legal, including Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Hampshire, New Jersey, New York, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming, and more states are expected to come on board soon.

If you don’t live in one of the above states, but live in a neighboring state, all you have to do is signup and register then be within the state border and you can access the app and place your bets. That means states like Maryland, Delaware, Nebraska, Minnesota, Missouri, Ohio, Kentuck, and more!

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.

Draftkings Pros

  • Easy to use betting interface
  • Beginner Friendly
  • Bet 5 win 200 promos
  • Parlay Insurance
  • Bet Refunds
  • Limit Bet Sizes

Draftkings Cons

  • Separate DFS & Betting Apps
  • No Mobile Web Must Use App
Betting Site: DraftKings
Website: draftkings.com
Established: 2012
Deposit Bonus: $200
Bonus Code: N/A
Min Deposit: $5
Max Deposit: Unlimited

DraftKings Sign Up Bonus & Deposit Bonus

DraftKings Sign up Offer & Bonus CodePromo
💰 DraftKings Bonus CodeNot Needed/Click Offer Link
🔥 Deposit BonusBet $5 Win $200
💻 📱 PlatformsDesktop/Android/IOS
🇺🇸 States Applicable T&CAZ, CO, IL, IN, IA, LA, MI, NH, NJ, NY, PA, TN, VA, WV, WY

How does the odds boost bonus work? Place a wager of $5+ on NFL or College Football between 8/15/2022 and 9/19/2022 or place a wager of $5+ on UFC 278 between 8/15/2022 and 8/20/2022. You will receive $200 instantly, in addition to any cash winnings from your original wager once it settles

Did you know? DraftKings also offers the popular Bet $1 to Win $100 or lately more a Bet $5 Win $150 offer, we keep those updated here

Bet $1 Win $100

Check Out the Latest DraftKings 100-1 Promotions

Other On-Going DraftKings Promotions

  • Daily Free To Play Pools – Free to play. Every day. Climb the leaderboard and win cash prizes in our daily free-to-play pools!
  • Refer a Friend – Refer your friends and you can both get a Free Bet of up to $100!

Draftkings Sportsbook offers their players daily and weekly promotions. For example, Daily Odds Boosts, Refunds, Parlay Insurance, and Risk-Free Bets.

Making a teaser bet on Draftkings sportsbook is an easy 4 step process.

Step 1 – Select the sport you want to start your teaser with

Step 2: Select the games to use in your teaser

Select Teaser Games

Step 3: On the Best slip click Teaser and enter the bet amount

Teaser Bet Slip

Step 4: Click Make Bet

Parlay betting is another popular sports bet at Draftkings Sportsbook and its as easy as making a teaser bet, simply follow these 4 quick steps

Step 1: Choose the sports you want to use for your parlay bet

Choose Sports

Step 2: Choose the games for your parlay by clicking on the team spread, moneyline, or over/under the game total.

parlay betting teams

Step 3. Click Parlay on the middle of the bet slip

Step 4. Enter your bet amount and click Place Bets. Remember when betting a parlay the more teams you select the high the payout but less chance to win!

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 on Rutgers, Princeton, or 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.

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 side of the contest, you have to enter at least $500 worth of contests before you can ship it over to the sportsbook account balance.

Deposit Options

  • ACH
  • Visa
  • Mastercard
  • Cage Cashier (NJ)
  • Wire Transfer
  • PayPal
  • VIP Preferred e-Check
  • Skrill
  • Play+ PrePaid Card

Deposit limits and fees will vary based on what you decide to use. The minimum for any deposit is going to be $5, but the maximum can have a wide range based on the method of deposit. Some options can take up to 48hrs to clear.

Withdrawal Options

  • Cash withdrawals(Casino Cage where A sportsbook is located)
  • Pre-paid Play+ a
  • PayPal
  • Bank Transfer (ACH)
  • Wire Transfer
  • Skrill

Draftkings protects your personal and financial information with state-of-the-art encryption and cybersecurity technology.

How does DraftKings work?

Signing up for Draftkings is simple, fill out the short registration form, verify your identity, deposit $5 or more using the many cashier options and place a bet!

Where is Draftkings sportsbook legal?

Draftkings sportsbook is legal in the following states with more to come: Arizona, Colorado, Connecticut Illinois, Indiana, Iowa, Louisiana, Michigan, New Hampshire, New Jersey, New York, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming

How to play Draftkings in a restricted state?

Sports bettors can sign up at DraftKings in any state however you must be within the borders of a legal state to place a wager.

How to enter the promo code on Draftkings?

Draftkings sportsbook does not require a promo or bonus code when signing up, the bonus is applied based on what promotion you sign up for. Currently, there is a 20% deposit bonus up to $1000 or a Bet 5 Win 150 promo for new users

DK is also operating brick-and-mortar sportsbooks in several US states. Being one of the most popular sportsbooks in the US, DraftKings is an attractive sports betting partner for most brick-and-mortar casinos looking to offer a state-of-the-art sportsbook.

StateCasino PartnerLaunch Date
New JerseyBorgata Hotel & CasinoAugust 2018
IndianaHollywood CasinoJuly 2019
IllinoisHawthorne RaceMarch 2020
IowaCatFish Bend CasinoJanuary 2020
ColoradoMardi Gras CasinoJanuary 2020
PennsylvaniaMeadows CasinoNovember 2019
West VirginiaHollywood CasinoAugust 2019
New Yorkdel Lago CasinoNovember 2018
TennesseeOnline OnlyNovember 2020

Live In New Jersey or Iowa – Follow our step by step registration guides

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.s.

Sign up at DraftKings today!