DraftKings was launched in 2012 by Jason Robins, Paul Liberman, and Matthew Kalish as a competitor to FanDuel. It is one of the leading daily fantasy sports sites worldwide, offering large payouts and an intuitive interface. And now it’s getting into the world of sports betting.
Keep reading to learn more about what DraftKings has to offer in sports gaming.
DraftKings launched its online sports betting platform in New Jersey on Aug. 1. Expect it in other states eventually.
DraftKings Sportsbook online promo offer
If you think you want to give the DraftKings Sportsbook mobile app a try, the site is sweetening the pot. DraftKings will match your first bet for up to $200 when you deposit. So, if you want to get as much money on a game as you can, take advantage of this great sign-up promo.
When you sign up for an account on DraftKings Sportsbook, you can get five free $5 bets just for signing up. That is $25 in free bets total! There is no promo code, just click the link below and open an account:
Betting on sports at DraftKings
DraftKings has a partnership with Resorts in Atlantic City that allows it to offer NJ sports betting.
All major sports should be available for wagering pretty soon after launch, including football, basketball, baseball, and more. We will have more info once the app debuts to the entire NJ market.
The types of bets should be fairly common to people who have bet sports before:
- Straight bets: Bet on a point spread or the moneyline.
- Parlays: Bet on multiple outcomes in a single wager, with a higher payout if you hit
- Futures: Bet on future events like who will win the Super Bowl.
- In play: Bet on outcomes while games are in progress
- Props: Bet on whether something will happen or not, i.e. will the Philadelphia Eagles score a touchdown in their game against the New England Patriots.
Where else for DraftKings Sportsbook?
It appears neighboring New York will be the next state to debut a DraftKings sportsbook. The company partnered with upstate commercial casino del Lago to provide a brick and mortar book. The law is unclear about the status of mobile betting though, so much
Other states will be legalizing sports betting in the coming years, so expect DraftKings to have sports betting in more states down the road.
DraftKings sports betting platform
DraftKings has both a browser-based platform and a mobile sports betting app.
The latter was teased by DraftKings’ founders, but we still know fairly little about how it will work. While it launched Aug. 1, the early action is invite-only.
We do know that DraftKings has been working with Kambi Group on sports betting; Kambi powers Unibet in Europe, among other online sportsbooks.
DraftKings daily fantasy sports
DraftKings is best known, currently, for DFS. Read on to learn about playing fantasy sports for real money:
DraftKings welcome offer
To utilize DraftKings’ DFS welcome promotion, you must create a DraftKings account and deposit at least $5. Doing so will award you $20 in “DraftKings dollars,” which you can use to enter Please follow our promo code link to claim this offer.
DraftKings sports and contest types
DraftKings users have access to DFS contests in the following sport:
- Euro & PGA golf
- EPL & MLS soccer
- Esports’ League of Legends
- Canadian Football
Available contest types include:
- Beginner contests for novices. These single-entry contests come with small but guaranteed prize pools. Experienced players are barred from entering.
- Step contests that allow players to advance through multiple levels and earn a big payoff at the end.
- Multipliers contests, which pay out between three to ten times the buy-in money.
- 50/50 contests award payouts to the top 50 percent of the field.
- Head-to-head contests, which enable two players to face one another. The winner claims the entire prize, minus the rake.
- GPPs, or Guaranteed Prize Pools – tournaments in which fewer players stand to win larger amounts. GPPs are guaranteed to pay out the specified prizes regardless of how many players enter the contest. The buy-ins on these contests range from $0.25 to over $10,000.
- Double-up contests, which pay contestants double their buy-ins.
- Qualifiers: award free entries to major tournaments
In addition to the above-mentioned features, a DraftKings patron benefits from the following:.
- Roster flexibility: The platform offers Multi-Position Eligibility (MPE), which makes player positions flexible instead of fixing them to a specific slot.
- Late swapping: DraftKings allows late swapping for NFL, MLB, NHL, CFL, and Soccer, enabling you to swap a player until their first match of the slate begins.
- More sports on offer: DraftKings recently expanded its offering by adding MMA and NASCAR to its sports arsenal. Since this inclusion, DFS NASCAR has shown significant growth, featuring guaranteed contests worth $500,000 for high-profile races.
- Millionaire Maker Tournament: During NFL regular season, DraftKings runs a weekly Millionaire Maker tournament, which awards $1 million to the winner. The buy-in ranges between $3 and $1,500, but is generally available at a reasonable $20.
DraftKings loyalty program
At DraftKings, you earn Frequent Player Points for buying real-money tournament tickets. Your accrual rate may depend on the tournament, league configuration, and sport, but the typical rate is one FPP per dollar spent on entries. You can check your FPP balance in your account at any time.
For every 550 FPPs earned, you will receive one dollar in tournament entries. This translates to a 0.18 percent cashback offer, which is similar to FanDuel’s 0.2 percent.
DraftKings’ loyalty program features a tiered ladder, which you can scale by accumulating FPPs. There are six tiers in total, and achieving a new tier unlocks access to guaranteed tournaments.
A good loyalty program overall, but not as beginner-friendly as the one offered by FanDuel. For comparison, achieving the lowest VIP level available at DraftKings’ requires $100 in spending, while doing the same at FanDuel only requires $10.
DraftKings deposits and withdrawals
All major debit/ credit cards are accepted at DraftKings including MasterCard, VISA, Discover, and American Express. You can also use gift cards issued by VISA. Deposits can also be made with PayPal. The minimum deposit is $5 and the maximum is $2,000, but this can vary by jurisdiction.
Withdrawals will be credited back to the same credit/debit card or PayPal account or gift card that was used to make deposits.
DraftKings will send any remaining withdrawn funds via PayPal or check by courier. For example, if you deposit $50 with PayPal and request a $500 cheque withdrawal no later than 90 days after your deposit, you will receive $50 back to PayPal and $450 by cheque.
DraftKings desktop software
DraftKings uses RotoQLʼs software for faster lineup optimization. This software allows you to create 1 to 500 lineups with a few clicks and keeps track of starting lineups, slates, news, advanced statistics, and athlete injuries.
Players using desktop computers can easily access DraftKings’ website from any modern browser. The application does not rely on Flash player and uses HTML5 instead and client-side scripts, which means that you won’t need to install any browser plugins to run it.
DraftKings mobile app
A mobile application can be installed from the App Store (iOS version 10.0 or higher required) or the Google Play store (Android 5.0 or higher required). Canadian will need to download the Android app from DraftKings website.
Overall, the native apps leave nothing to be desired. You can enter contests, use filters, create rosters, and initiate deposits and withdrawals; if it’s available in the browser app, you can do it through the mobile app, too.
Who can play for real money at DraftKings?
As of June 2018, DraftKings’ real-money fantasy contests are open to players in the following countries:
- The Netherlands
Both DraftKings employees and legal residents of the following US states can only participate in play-only contests:
Legal residents of Alabama and Idaho cannot participate while located within the borders of their respective states, but they can participate if they travel to a non-excluded jurisdiction.
If you can’t find an answer to your question in DraftKings’ detailed FAQ section, you can contact their support team through:
- Email: [email protected]
- Live chat is available between 6 a.m and 11:59 p.m EST and is by far the best way to obtain assistance.
- Unfortunately, there’s currently no phone support available.
The history of DraftKings
In 2013, DraftKings attracted $24 million worth of investments from Accomplice, Redpoint Ventures, GGV Capital, Jordan Mendell, and BDS Venture Fund. The following year, additional investments, worth $41 million total, were made by The Raine Group, GGV Capital, Accomplice, and Redpoint Ventures.
In 2015, DraftKings signed a $250 million advertising deal with ESPN Inc. and garnered an additional $300 million in investments from Fox Sports, the Kraft Group, and the Boston-based financial behemoth Wellington Management.
That very year, DraftKings was licensed by the UK Gambling Commission to start pool wagering operations in the United Kingdom. This was followed by a license to operate in Malta with a provision to expand to other EU countries such as Germany. Last year, DraftKings announced the acquisition of all digital copyrights belonging to EuroLeague basketball in the US and Canada.
In spite of its growing popularity, in 2015, the controversial Attorney General of New York, Eric Schneiderman, launched an investigation into a DraftKings employee’s alleged illegal use of insider information. Shortly thereafter, Schneiderman declared fantasy sports illegal with a New York Supreme Court judge ruling that DraftKings’ operations were illegal and were to be banned in New York right then and there. The case is, however, under appeal. For now, DraftKings operates in New York under a temporary permit.
The state of Nevada also considered fantasy sports gambling and ordered DraftKings to cease offering games to players in the state.
As of 2018, DraftKings boasts over 8 million registered members. Moreover, it was the first daily fantasy sports site to attract investment from a US-based professional sports league – Major League Baseball.