DraftKings review – Experts and user ratings: Is DraftKings safe?

Written by Chris Cochran
Checked by Joshua Howe
Last update: 21 May 24
Reading time 7 min
Listen
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Discover why DraftKings is regarded as one of the top players in the sports betting industry by diving into this detailed review. No DraftKings promo code is needed to access the enticing welcome bonus, which is a $1,500 No Sweat Bet reward. Known for competitive odds and a variety of markets, DraftKings poses itself as a potential ideal choice for your sports betting needs.

Expert rating
Ranked 4 of 13 US Sportsbooks
4.8
Bonus Offer
Number 1 of all reviewed sportsbooks!
5.0
  • Lowest
    $0
  • $1500
  • Highest
    $1500
Mobile and app
Number 1 of all reviewed sportsbooks!
5.0
  • Mobile browser

    Mobile browser

    Register
  • iOS Devices

    Download at App Store
  • Android

    Google Play icon
    Download at Google Play
Average Payouts
Ranked 3 out of 13 bookies in USA
3.5

Payout percentage represents the quality of odds a sportsbook offers. As a rule: the closer the payout percentage to 100%, the better odds you receive from a sportsbook!

in USA USA
  • DraftKings  •  Rank 3 94.40%
  • FanDuel  •  Rank 1 94.41%
  • Average of 13 sportsbooks
    94.02%
Top sports
  • Baseball
    Baseball
    94.71%
  • Basketball
    Basketball
    94.71%
  • Hockey
    Hockey
    95.01%
State coverage
Ranked 3 out of 13 bookies in USA
3.0
Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming District of Columbia
  • Accepted
  • Restricted
USA USA players are accepted
Accepted states
Restricted states
Bank and limits
Ranked 4 out of 13 bookies in USA
4.0
Slow
Fast
Payout speed
  • 0.00
    Min deposit
  • $100,000.00
    Max limit
Payment methods
Accepted currencies
  • USD
    USD
  • BTC
    BTC
Features
Ranked 7 out of 13 bookies in USA
3.5
  • Cash Out
    Cash Out
Other betting products
  • Casino
    Casino
  • Poker
    Poker
Customer care
Ranked 7 out of 13 bookies in USA
4.0
  • Live chat
    Live chat
    Yes
  • Email
    Email
    support@draftkings.com
  • Email
    support@draftkings.com
  • Live chat
    Yes
DraftKings Details
Date Founded 01 Jan 2012
Brand Owner DraftKings Inc
Brand CEO -
Employees -
HQ Country United States
HQ Address 222 Berkeley Street Boston, MA 02116

An expert’s opinion on DraftKings

A frontrunner in daily fantasy sports, DraftKings made a quick entry into online sports betting in 2018. Leveraging the popularity associated with the DraftKings brand, the sportsbook established its own distinct presence in the sports betting landscape.

The success of DraftKings can be attributed to its innovative approach, consistently staying ahead of competitors. The DraftKings app exemplifies this innovation, offering an exceptional experience for sports bettors across the United States.

DraftKings has earned a reputation for providing a plethora of unique betting markets and boasting one of the most efficient and user-friendly mobile sports betting apps globally. Personally, I have a strong preference for the DraftKings sportsbook app and use it on a regular basis.

It could be getting the most value out of your first deposit, a choice of betting options away from traditional bets, even a great online casino to change it up a bit when you're bored of sports. I'm confident that DraftKings offers something for every type of bettor.

DraftKings is one of the best sportsbooks in the U.S., and one of the top Vermont sportsbooks in the recently launched Green Mountain State.

  • $1,500 No Sweat Bet + No Sweat NBA SGP
    No code required Claim bonus

    If you lose your first bet, DraftKings will give you one bonus bet token equal to the amount of your losing wager, up to $1,500. If you win your first bet, you keep the winnings and do not receive a bonus. Must be 21+ years of age or older and physically located in the U.S(AZ, CO, CT, IA, IL, IN, KS, KY, LA (select parishes), MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY or WV). New customers only. T&Cs apply.

DraftKings review: Key information

DraftKings rating4.8/5
DraftKings promo codeNo code
DraftKings welcome bonus$1,500 No Sweat Bet
Payout speedInstant (depending on the payment method)
Legal states25
Mobile AppAndroid & iOS
Live bettingYes
Live streamingYes

DraftKings betting coverage

The breadth and depth of available markets is one area where DraftKings truly excels. Through SBTech, the software developer that creates odds, DraftKings offers a large variety of bet types. For experienced bettors, there’s traditional moneyline, spreads, and total bets as well as live betting, same-game parlays, and teasers for the newer bettor.

If you’re looking for a sportsbook that will have odds available before the rest of the industry, DraftKings sportsbook is absolutely for you. DraftKings offers more than good value odds, it tends to offer them before other sportsbooks, including DraftKings vs FanDuel, so you can get your bets down nice and early.

  • $1,500 No Sweat Bet + No Sweat NBA SGP
    No code required Claim bonus

    If you lose your first bet, DraftKings will give you one bonus bet token equal to the amount of your losing wager, up to $1,500. If you win your first bet, you keep the winnings and do not receive a bonus. Must be 21+ years of age or older and physically located in the U.S(AZ, CO, CT, IA, IL, IN, KS, KY, LA (select parishes), MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY or WV). New customers only. T&Cs apply.

Does DraftKings offer good odds?

Based on Oddspedia's data stored on hundreds of different sportsbooks, DraftKings isn't quite at the top when it comes to the competitiveness of its pricing. In fact, I've looked at placing some wagers where there vig is into double digits (I set the mark of 5% as what you should expect in the U.S.).

However, it's not exactly at the bottom of the list either. Given the array of benefits such as user experience, bonuses, and trustworthiness DraftKings offers its clientele, a slight concession on odds value might be considered reasonable. This is particularly true for individuals who typically bet between $10 to $100 per game, as minor fluctuations in odds are unlikely to have a significant impact.

What sports can you bet on at DraftKings?

DraftKings covers all major U.S. leagues - NBA, NFL, MLB, MLS, and NHL. Bet on your favorites during the regular season, playoffs, or championships for an exciting experience.

In fact, DraftKings is widely considered one of the best NFL betting sites and NBA betting sites. Even for the other big leagues, it's very much a contender for the crown.

There is so much more to DraftKings' sports offering through. When it's the busiest times of the sporting calendar, you'll have over 30 different sports leagues to bet. You may want to try out some college sports and wager on NCAA basketball instead of the NBA and DraftKings is undoubtedly one of the best March Madness betting sites on the market.

You might not have bet on darts, snooker, aussie rules or jai alai before, but if you ever wanted to, this is your chance.

What markets are available at DraftKings?

Renowned for featuring multiple markets within the same sport, DraftKings consistently covers all major leagues and impressively incorporates seasonal ones into its offerings. For example, during baseball season, MLB odds are offered but you’re also offered other baseball leagues. Secondary leagues such as the Korean Baseball Organization (KBO) and the Nippon Professional Baseball (NPB) leagues are also available.

I really enjoy the variety of futures markets available at DraftKings. It's not just the usual winner or player prop bets; they offer hundreds of different markets for each league or competition.

What types of bets can you place with DraftKings?

Arguably the best features that DraftKings has to offer is its huge variety of bet types. It goes above most competitors in the market who offer just the traditional spread, moneyline, and total markets.

For sports enthusiasts ready to dive into the world of exhilarating betting opportunities, the DraftKings platform offers a goldmine of possibilities to explore. Take a leisurely browse through their website and uncover a plethora of future markets, live betting scenarios, player and game props, and parlay selections. DraftKings unfolds a vast array of pathways - offering thousands of choices - for you to wager on your favorite team or player, establishing itself as a superb hub for users in search of a diverse range of betting options.

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DraftKings app detailed review

The DraftKings mobile app is one of the best in its class and worth its position in the list of best sports betting apps. It features a green and black color scheme that makes text easily readable while also providing an innovative presentation.

The app's awesome functionality highlights the overall quality of your mobile sports betting experience while using DraftKings. The geolocation that qualifies you for being in a legal betting state runs fluidly without hiccups and glitches.

What’s more to love is the layout of the DraftKings mobile app. Major sports are conveniently located in the center of the app on the homepage and can be selected by scrolling from left to right. DraftKings sportsbook also offers facial recognition, making those last-minute bets possible through a rapid login process.

I can’t forget to point out the conveniently placed 'My Bets' section located at the bottom of the tab bar - this nifty feature allows you to access all your open, settled, won, and lost bets, and even lets you cash out live and eligible bets. The DraftKings mobile app is accessible on both Android and iOS devices, boasting an impressive rating of 4.8 out of 5 in Apple's App Store, underscoring its excellence.

1
Download the app

Visit the app store or the bookmaker's mobile site and download the app.

Download at App Store
Google Play icon
Download at Google Play
2
Make a deposit

Deposit with one of these payment methods:

Ready to bet
In Less Than 3 Minutes

How to sign up to DraftKings

Registering for an account on DraftKings sportsbook is an effortless process that can be done in just a few minutes. If you have all the personal information that you’ll need handy, you’ll finish registering, and be betting in no time.

1. Create an account

First, either through the sports betting app or DraftKings website, you’ll click the “Sign Up” button which will prompt you to provide your desired email address, username, and password. Here is where you’ll also add any promo code you’d like to use.

2. Enter personal information

Afterwards, you'll be asked to input personal details like your full name, address, date of birth, and social security number to confirm your identity. In case your identity cannot be verified, you may need to provide a state-issued ID for documentation purposes.

3. Agree to terms

Now it’s time to review terms and conditions so that you’re familiar with how DraftKings Sportsbook operates. Complete verification of your account using your email address.

4. Deposit funds and claim bonus

After you’ve agreed to terms and confirmed your account, simply choose a deposit method, upload funds, and enjoy DraftKings. This is also the time to follow instructions if prompted to claim any available bonuses.

  • $1,500 No Sweat Bet + No Sweat NBA SGP
    No code required Claim bonus

    If you lose your first bet, DraftKings will give you one bonus bet token equal to the amount of your losing wager, up to $1,500. If you win your first bet, you keep the winnings and do not receive a bonus. Must be 21+ years of age or older and physically located in the U.S(AZ, CO, CT, IA, IL, IN, KS, KY, LA (select parishes), MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY or WV). New customers only. T&Cs apply.

DraftKings player protection and security

DraftKings takes your sensitive information seriously. With Secure Sockets Layer (SSL) in place your personal information and financial data remains protected from unwanted third parties and hackers.

DraftKings follows all the necessary legal requirements to maintain their license. As part of this, they have identity verification procedures in place. So, before you can start betting on any sports event, they may need to verify your location, age, and identity. It's all in place to ensure everything is legit and compliant.

Fraud protection and responsible gaming are two other protections implemented at DraftKings to keep users' information safeguarded and ensure a positive sports betting experience. Having acquired licenses in all the states it operates in since launching 2018, DraftKings has over five consecutive years of being a regulated sportsbook at the state level in 20+ US markets.

Thanks to the licenses it holds, such as New Jersey DGE, Pennsylvania Gaming Control Board, Maryland Lottery and Gaming, and many more, DraftKings customers are given as much security as anywhere else available in the US.

DraftKings licensing: Where can you bet with DraftKings Sportsbook?

StateDraftKings available
ArizonaYes
ColoradoYes
ConnecticutYes
IllinoisYes
IndianaYes
IowaYes
KansasYes
KentuckyYes
LouisianaYes
MarylandYes
MassachusettsYes
MichiganYes
New HampshireYes
New JerseyYes
New YorkYes
North CarolinaYes
OhioYes
OregonYes
PennsylvaniaYes
TennesseeYes
TexasYes
VermontYes
VirginiaYes
West VirginiaYes
WyomingYes

DraftKings reputation

Derived from a well-established daily fantasy sports platform, DraftKings Sportsbook has carved out a lane for itself amongst the prominent in the legal sports betting world. As legal sports betting in the U.S. has continued to grow, so too has DraftKings.

Highly recognized for its extensive sports betting opportunities and overgenerous bet types, the company has developed a trusted and reputable brand that has also expanded into the online casino games space.

One of the perks of DraftKings being so reputable and consistent over the years is its nearly 30 different partnerships with teams across the MLB, NBA, NFL, and NHL. The Chicago Cubs even have a branded retail sportsbook at Wrigley Field. DraftKings has an impeccable reputation and is regarded by many as one of the best betting sites in the U.S.

How does Oddspedia rate sportsbooks?

Oddspedia collaborates with various sports betting experts to offer a vast collection of comprehensive reviews spanning the globe. Whether you're exploring sportsbooks in North America, Europe, or elsewhere, you'll find in-depth analyses to guide your betting decisions.

Although the rating criteria may differ slightly based on location, because some sports bettors in one country may have different priorities than bettors in another country, the end goal is the same. To provide expert insight that will help others make more informed decisions. From new sports bettors, professional gamblers, and everyone in between.

DraftKings review conclusion

DraftKings certainly offers one of the most popular sports wagering platforms in the U.S. Through an innovative approach, it stays ahead of most leading challengers within the industry by constantly presenting more useful promotions and bonuses to its customers.

Using the DraftKings sports betting app enhances your experience because it allows you to place quick and convenient bets while on the go. Through the app, you can also easily find thousands of live betting markets to wager on current sporting events, and even watch live games using the live streaming feature.

Throughout the years I’ve been betting on sports with DraftKings, it’s hard to highlight many areas where the sports betting product could be enhanced. However, an improvement in its own customer support and service department would elevate DraftKings even more. That said, the online sports betting giant continues to lead the way for many in the online sports betting industry and I’m sure that will be the case for quite some time.

  • $1,500 No Sweat Bet + No Sweat NBA SGP
    No code required Claim bonus

    If you lose your first bet, DraftKings will give you one bonus bet token equal to the amount of your losing wager, up to $1,500. If you win your first bet, you keep the winnings and do not receive a bonus. Must be 21+ years of age or older and physically located in the U.S(AZ, CO, CT, IA, IL, IN, KS, KY, LA (select parishes), MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY or WV). New customers only. T&Cs apply.

FAQ

Can DraftKings be trusted?

Yes, DraftKings is a trusted and reputable sports betting platform within the business. DraftKings is licensed and regulated at the state level in all localities. It’s also a publicly traded company.

Is DraftKings legit?

Yes, DraftKings is a legitimate sports betting company. DraftKings sportsbook holds a notable presence in the sports betting industry. The DraftKings sportsbook is used by hundreds of thousands of customers daily in over 20 states in the U.S.

Can you win money at DraftKings?

Yes, you can win money at DraftKings sportsbook. Once you’ve created an account and placed a wager that is deemed a winner, you’re able to withdraw the money you won from the bet. Winning money at DraftKings is solely based on finding an edge in a bet.

Does DraftKings pay out?

Yes, DraftKings sportsbook does pay out winnings to customers who have successfully won bets. Once your bet has been deemed successful, you’re able to have cash winnings be paid out using a withdrawal method. Payout speed at DraftKings varies depending upon withdrawal preference.

How fast does DraftKings pay out?

The payout speed at DraftKings sportsbook is dependent upon which withdrawal method is selected. While some payout methods can take up to 3-5 business days, others can be processed in less than 24 hours. Additional verification when withdrawing can also slow payout speed.

Do you have to pay taxes when you win at DraftKings?

Since gambling winnings are most often considered taxable incoming you should practice paying taxes at DraftKings sportsbook like any other sportsbook. As a licensed sportsbook, DraftKings sportsbook may have certain reporting requirements on their end depending on your winning amounts. Consultation with a local tax professional in your area is always advisable.

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