DraftKings

DraftKings opened the first mobile sportsbook outside Nevada in New Jersey in August 2018 and has been near the top of the US market ever since. The Boston company started in daily fantasy in 2012 and now runs a sportsbook in 27 states plus DC and Puerto Rico.

This review covers the welcome offer, the features worth knowing about, banking and where you can play.

DraftKings Sportsbook review

New customers: Spend $5, Get $200 in Bonus Bets + 3 Months of NBA League Pass

• Open an account and deposit at least $5.
• Place a first bet of $5 or more on any sportsbook market, using cash or DK Dollars.
• As soon as the bet is placed, win or lose, you receive $50 in Bonus Bets (two $25 tokens).
• Another $50 follows on day 7, day 14 and day 21. Log in and claim each one with a tap; each claim stays open for 7 days.
• You also get a promo code for 3 months of NBA League Pass for the 2026-27 season. It arrives by email and in-app notification, has to be redeemed on NBA.com with a payment method on file by December 19, 2026, and the subscription auto-renews at $16.99 a month after the free period unless you cancel. Existing full-season League Pass subscribers are not eligible.
• Bets that do not count: anything placed with Bonus Bets, Odds Boosts, Profit Boosts or other bonus rewards, plus bets you cash out or that are voided.
• Each $25 Bonus Bet expires 7 days after it is issued.
• Available in AR, AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, NC, NH, NJ, NY, OH, OR, PA, PR, TN, VA, VT, WV and WY.
• Must be 21+ (18+ in DC, NH, PR and WY). The offer runs from October 12 through November 29, 2026.
• No promo code is required. New customers only.

Click HERE to claim the DraftKings welcome offer

DraftKings best features

Once the Bonus Bets are spent, these are the reasons the app tends to stay on the home screen.

Dynasty Rewards

Every bet on the sportsbook, in the casino or on DFS earns Crowns and Tier Credits. Crowns convert into Crown Cash and bonuses, while Tier Credits move you up from Bronze toward Onyx, with better conversion rates and exclusive promos at each step. It is one program across every DraftKings product, so you can sign up once and earn on everything.

Profit boosts and daily odds boosts

DraftKings hands out profit boost tokens, No Sweat bets and SGP boosts to existing customers most weeks, and the odds boost list refreshes daily. Once you have joined DraftKings, check the promotions tab before you build a slip.

Same Game Parlay, SGPx and Quick SGPs

Combine legs from one game into a Same Game Parlay, or chain several games together with SGPx. If you do not feel like building one yourself, Quick SGPs are ready-made tickets you can place with one tap or tweak before you submit.

Early cash out

Cash out is available on eligible pre-match and live bets, including partial cash out. You can lock in some profit on a parlay that is three legs in and let the rest ride.

Live streaming

The app streams select events free, including some NFL games, soccer, tennis and NHL, with in-play markets next to the video. It is a handy second screen on a Sunday, and the free League Pass months that come with the welcome offer cover the NBA side.

Pros and cons of DraftKings

Here is what we like about DraftKings, and two small things to keep in mind.

Pros

✅ $200 in Bonus Bets from a single $5 bet, paid win or lose, plus 3 months of NBA League Pass

✅ Live in 27 states plus DC and Puerto Rico

✅ Dynasty Rewards earns on sportsbook, casino and DFS play

✅ Partial cash out and daily odds boosts

✅ Most PayPal, Venmo and debit card payouts clear within 24 hours

Cons

❌ Bonus Bets expire 7 days after they are issued, so use each batch promptly

❌ The day 7, 14 and 21 Bonus Bets are click-to-claim, so open the app each week to collect

How to get started with DraftKings

1. Click HERE to open your account. No promo code is needed.
2. Enter your name, date of birth, address and the last four digits of your SSN for identity checks.
3. Download the app for iOS or Android, or use the desktop site.
4. Allow location access so DraftKings can confirm you are in a licensed state.
5. Deposit at least $5 by debit card, PayPal, Venmo, Apple Pay or online banking.
6. Place your first bet of $5 or more on any market.
7. Collect $50 in Bonus Bets right away, claim the next $50 on days 7, 14 and 21, and redeem your NBA League Pass code on NBA.com.

What can you bet on with DraftKings?

The menu covers the usual bet types with strong parlay and prop tools.

Moneyline: Pick the team or player to win outright.

Point spread: Bet on a team to cover a set margin.

Totals: Wager on whether the combined score goes over or under the posted line.

Same Game Parlay: Stack legs from one game, or combine games with SGPx, on one ticket.

Player props: Bet on a player to go over or under a stat line such as receiving yards or assists.

Sports covered by DraftKings

Every major American league is covered, and the international list runs deep if you want it.

• Baseball
• Basketball
• Boxing
• College basketball
• College football
• Football
• Golf
• Hockey
• MMA
• Motorsports
• Soccer
• Tennis

Banking at DraftKings

The minimum deposit is $5. After you open an account you can fund it with a Visa, Mastercard or Discover debit card, online banking, PayPal, Venmo, Apple Pay, the Play+ prepaid card, VIP Preferred e-check, wire transfer or cash at a partner casino cage. Credit cards are generally not accepted.

Withdrawals are paid through PayPal, Venmo, Apple Pay where supported, online banking, a debit card with Visa Fast Funds, Play+, check or cash at the cage. Most e-wallet and debit withdrawals arrive within 24 hours of approval, online banking takes 1-5 business days and checks a week or more. There are no DraftKings fees.

Where is DraftKings available?

DraftKings Sportsbook is live in 27 states plus Washington DC and Puerto Rico, and it is the only mobile sportsbook in New Hampshire and Oregon. DraftKings Casino runs in Connecticut, Michigan, New Jersey, Pennsylvania and West Virginia. The app checks your location, so you must be inside one of these places to bet. DraftKings Predictions, the company's prediction market app, offers sports event contracts in 18 more states: Alabama, Alaska, California, Delaware, Florida, Georgia, Hawaii, Idaho, Minnesota, Nebraska, New Mexico, North Dakota, Oklahoma, Rhode Island, South Carolina, South Dakota, Texas and Utah. The $200 Bonus Bets welcome offer applies to the sportsbook only.

• Arizona
• Arkansas
• Colorado
• Connecticut
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Maine
• Maryland
• Massachusetts
• Michigan
• Missouri
• New Hampshire
• New Jersey
• New York
• North Carolina
• Ohio
• Oregon
• Pennsylvania
• Puerto Rico
• Tennessee
• Vermont
• Virginia
• Washington DC
• West Virginia
• Wyoming

Sign up here to get started.

FAQs

Can I use DraftKings on my phone and my computer?

Yes. Most people use the iOS or Android app, but the full sportsbook runs in a desktop browser too, with the same account and balance.

Is DraftKings safe and regulated?

Yes. DraftKings holds a license from the gaming regulator in every state where it operates, and the parent company trades on the Nasdaq.

Do I pay tax on winnings?

Yes. Betting winnings are taxable in the US. DraftKings issues a tax form when a win is large enough, and smaller amounts are yours to report.

How old do I need to be?

You must be 21 or older in most states. The minimum is 18 in Washington DC, New Hampshire, Puerto Rico and Wyoming.

How fast are DraftKings payouts?

PayPal, Venmo and debit card withdrawals usually arrive within 24 hours of approval. Online banking takes 1-5 business days.

Do I get the $200 if my first bet loses?

Yes. The first $50 is issued as soon as the qualifying bet is placed, win or lose, and the day 7, 14 and 21 payments follow either way. Ready to go? Click here to claim Spend $5, Get $200 in Bonus Bets + 3 Months of NBA League Pass.

GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).

Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR).

• 21+ and present in an Eligible Jurisdiction (18+ DC/NH/PR/WY). Void where prohibited. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. New DraftKings Sportsbook customers only; 1 per customer. To be eligible for DraftKings Sportsbook and the Promotion, you must be physically located in AR, AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA (select parishes), MA, MD, ME, MI, MO, NC, NJ, NH, NY, OH, OR, PA, PR (residents only), TN, VA, VT, WY or WV (each an "Eligible Jurisdiction"). Must be 21+ years of age or older (18+ if in DC/NH/PR/WY). Promotional Period: 10/12/26 12:00 AM ET through 11/29/26 11:59 PM ET. Place a first-time bet of $5+ with cash or DK Dollars on any available DraftKings Sportsbook market during the Promotional Period to receive $200 in Bonus Bets, issued as eight (8) $25 Bonus Bets over 21 days: $50 on placement of the Qualifying Bet, then $50 via click-to-claim on Day 7, Day 14 and Day 21. Click-to-claims expire 7 days after issuance. Bonus Bets are single-use, non-withdrawable, have no cash value and expire 7 days (168 hours) after being credited; stake not included in payouts. Cashed-out and voided bets void the Promotion; bets placed with Bonus Bets, Odds Boosts, Profit Boosts or other bonus rewards do not qualify. NBA League Pass: complimentary 3-month subscription for the 2026-27 season via a single-use promo code delivered by email and in-app notification; must have or create an NBA.com account, provide a valid payment method and activate the code by 12/19/26 at 11:59 PM ET; subscription begins on the later of redemption or 10/21/26 and automatically renews monthly at the then-current price (currently $16.99/month) unless cancelled before the renewal date; existing full-season NBA League Pass subscribers are not eligible; blackout restrictions apply; subject to NBA Media Ventures terms. Terms: sportsbook.draftkings.com/promos. Sponsored by DK.