DraftKings Sportsbook Review and Welcome Bonus

DraftKings Sports
+21 Only | If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER | NJ Only | Eligibility restrictions apply | See website for details

DraftKings Sportsbook is the first online sportsbook to launch in the US outside of Nevada. Just months after the first physical sportsbook opened in the state of New Jersey, DraftKings Sportsbook was up and running for Garden State residents.

Synonymous with daily fantasy, DraftKings has been one of the two major names in US daily fantasy sports since launching in 2012. While the Boston-based company has operated in a handful of legal gray areas in the past, the DraftKings Sportsbook is fully legal, licensed and regulated by the New Jersey Division of Gaming Entertainment.

ProsCons
Easy to use/understand platform Limited deposit options
Huge market selection Ferocious geolocating systems
User-friendly lines

Draft Kings Sportsbook Welcome Bonus - How To Claim

DraftKings has one of the more unique sign up bonuses for players to take advantage of. They offer a 100% match on a player’s deposit on the site, giving them up to $200 extra to place elsewhere on the site. For every $10 bet, you will get $1 back, too. There’s also a $50 free bet referral bonus, meaning that for every friend a player successfully invites to DraftKings Sportsbook, both get a $50 free bet.

The free bets must be used within 30 days of being claimed, and are not eligible to be redeemed for cash, nor can it be included in winnings. Players must use the free bet, but there’s little in the way of wagering requirements to claim winnings off of free bets offered by DraftKings.

DraftKings Sports
+21 Only | If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER | NJ Only | Eligibility restrictions apply | See website for details

Registration

To start placing bets at DraftKings, players will need an account, and to download a browser addition that can pinpoint a player’s location. Because of their licensing, DraftKings is a particularly ferocious sportsbook about making sure players are within state boarders before allowing them to bet.

Software

DraftKings Sportsbook is powered by the Kambi sports betting platform. Kambi’s entrance to the New Jersey market with DraftKings allowed them extend their reach through 888sport and SugarHouse as an existing provider. As well as being an existing provider, the Kambi platform is smooth and easy to use, as well as keeping everything organized.

DraftKings has mobile apps available for player to take advantage of too. Both Apple and Android are supported by DraftKings. Betting on the mobile apps is a familiar feel to it as the app looks and performs similarly to the desktop website.

Getting Started

For new sports bettors, the help section offers a beginners guide to sports betting, with videos hosted by basketball legend Charles Barkley. There are five lessons available for those who are unfamiliar with sports betting: parley, moneyline, spread, over/under, and live-in game. There’s also betting guides for specific sports to help people who are unfamiliar with the certain bets available in sports like baseball or MMA.

DraftKings Sports
+21 Only | If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER | NJ Only | Eligibility restrictions apply | See website for details

Sports and Markets Available at DraftKings

DraftKings offers an excellent selection of leagues and sports to bet on. Popular and live sports are displayed at the top of the page, and checking in the middle of the day can yield some interesting leagues such as the ATP men’s tennis tour or Italian league soccer. Of course, DraftKings offers all of the major American sports leagues.

  • Football (NFL, NCAA, CFL
  • Baseball (MLB)
  • Basketball (NBA, NCAA (men’s and women’s),WNBA)
  • Ice Hockey (NHL, AHL, World Championships)
  • Soccer (If it’s professional, it’s probably here)
  • Golf
  • Tennis
  • Boxing
  • Motorsport (NASCAR, INDY etc.)
  • UFC/MMA

For every game, there are usually a large selection of alternative and prop bets for players to check out. Clicking a team in a game will open the game’s available bets beyond the usual spread, moneyline, and over/under bets. Selecting multiple bets allows players to parlay them.

Going back to opening up specific games, DraftKings supports a wide range of markets for every game listed. Alternate lines, specific score, and who scores first are just a few of the bets offered by DraftKings.

Futures betting is available on most major sports. Betting futures is when you try to predict the overall winner of a league, conference, or division. It can be one of the trickiest things to do because of the sheer number of factors that can affect a team’s season like injuries, trades, or simply the underdog surprising the world.

Betting Lines at DraftKings Sportsbook

DraftKings Sportsbook lines are roughly on par with some of the more user-friendly lines. While some places can get accused of offering some less-than-generous lines, DraftKings can be relied on to offer bettors some of the best lines on games.

For those wishing to hedge their best as much as possible, players can also bet round robin. When selecting a bet, the bet slip offers players singles, parlay, and round robins.

Betting Features at DraftKings Sportsbook

Live game betting options are prominently displayed on the front page of DraftKings Sportsbook when players first pull up the site. Live game betting, becoming a commonplace in sports betting, is when a sportsbook allows punters to place bets on games that are in progress. The advantage of people betting on live games is that bettors who are paying attention to the live games can predict how things will proceed and make more informed wagers.

Another cool addition to DraftKings Sportsbook is their Cash Out option. Cash Out is a new feature that gives you the opportunity to close out your active bet before the outcome is decided. This allows you to secure part of your winnings or cut your losses as the odds change in or against your favor.

On selected events, Cash Out is available for pre-game, live, future and parlay bets and can be for more or less than your original wagered amount, depending on how events unfold following your bet placement. You can see if your bet is eligible for cash out when you add it to the bet slip.

DraftKings Sportsbook also has a tab offering multiple boosted lines. Boosted lines are betting lines that are temporarily given better odds. For example, a bet on the New York Giants to score first and win the game might be temporarily granted odds of +120 instead of it’s regular -105 betting line.

DraftKings Sports
+21 Only | If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER | NJ Only | Eligibility restrictions apply | See website for details

Current Promotions Offered at DraftKings Sportsbook

There aren’t a large amount of promotions from DraftKings Sportsbook, but there are at least a few. The welcome bonuses are two of the four being offered.

The other two include the Parley Insurance on NFL and NCAA football games. If a player creates a parlay with at least 4 legs, all with odds of -300 or better, then DraftKings Sportsbook will refund up to $25 if that parley misses by one leg.

Customer Support

Support for DraftKings Sportsbook can be found at the top and bottom of every page. On the top menu is a help tab, and the bottom of the window is a question mark that leads to a quick start guide for players to use.

Questions in the quick star guide include understanding odds, how to place bets, glossary of betting terms, live betting, and cashing out. If that doesn’t have you covered, DraftKings Sportsbook as a Contact Us button at the bottom of the FAQ page.

Trust and Safety

Being able to trust a site is extremely important when deciding where you want to put your money for sports betting online. However, DraftKings Sportsbook is as trustworthy as you’ll need. Being state regulated, you won’t need to worry about any shenanigans that players might find with offshore betting sites.

DraftKings Sportsbook is fully licensed and regulated by the New Jersey Division of Gaming Enforcement. As a state-approved operator you can rest assured that all betting activity online is full secure and deposits, withdrawals and bets are guaranteed safe.

Payments and Banking with DraftKings Sportsbook

DraftKings doesn’t advertise many other options than paying via card and PayPal. Most credit and debit cards are accepted for deposits.

Contrary to most other sites, DraftKings Sportsbook actually advertises more ways to withdraw than deposit. Players wishing to withdraw can do so via check, PayPal, ACH bank transfer, and cage pickup.

Method Name Deposit Withdrawal Minimum Deposit Withdraw Time
payment method for DraftKings CheckNoYes N/A 1-3 Weeks
payment method for DraftKings ACH TransferYesYes Min - $5 3-5 Business Days
payment method for DraftKings PayPalYesYes Min - $5 2-8 Business Days
payment method for DraftKings MasterCardYesNo Min - $5 N/A
payment method for DraftKings VISAYesNo Min - $5 N/A

Overall

DraftKings Sportsbook is an excellent addition to the sports betting scene in New Jersey. With some of the widest variety of sports available for players to bet on, DraftKings Sportsbook will get plenty of attention from the punters in the Garden State. We highly recommend that anyone wishing to bet on sports to take a look at DraftKings Sportsbook.

DraftKings Sports
+21 Only | If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER | NJ Only | Eligibility restrictions apply | See website for details

FAQ

Is Sports betting legal with DraftKings in New Jersey?

Yes, sports betting has been legal in New Jersey since PASPA was repealed in May of 2018, with the first bets being placed since June 2018.

What is the legal age to gamble in New Jersey with DraftKings?

You must be at least 21 years of age to legally place a bet in New Jersey

Do I have to be a resident of New Jersey to place sports bets online with DraftKings?

No, you do not to be a resident of New Jersey to gamble in the state but all bets must be placed within the state. This would mean that even if you live in the state, you cannot place online bets when you travel outside state borders.

What Sports can I bet on with DraftKings whilst in New Jersey?

You can bet on whatever sports are offered by DraftKings Sportsbook. Almost all American sports are fair game for betting. However, it is illegal in New Jersey to bet on high school and college sporting events taking place in the state of New Jersey or on game involving teams based in New Jersey.