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DraftKings Review 2020

Keep reading our DraftKings review to discover one of the best sportsbooks and daily fantasy sports sites in the US.  

Our expert guide will show you what DraftKings can offer US players. So, whether you live in NJ, PA or WV, sign up with our DraftKings bonus codes and earn real cash right away.

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Online Sportsbook

This operator offers online sports betting.

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Daily Fantasy Sports

This operator offers betting on DFS.

DraftKings Overview

DraftKings is one of the original daily fantasy sports providers in the US. It launched its online DFS site in 2012, offering contests on baseball, hockey, football, daily fantasy basketball, and golf.

DraftKings launched New Jersey’s first legal online sportsbook in 2018. It operates online in partnership with Resorts Casino in Atlantic City. However, through a 2019 partnership with Caesars Entertainment, DraftKings is able to run online sportsbooks wherever Caesars have land-based properties.

Since then, DraftKings has widened its mobile sportsbook and DFS site to cover Pennsylvania, West Virginia, Indiana and New Hampshire. DraftKings relaunched in Alabama in late 2019. A DraftKings online casino is open to NJ players too. 

DraftKings Sportsbook Bonuses and Promotions

You can earn a DraftKings bonus when you first open your account. It works in two parts: a 20% deposit match up to $2,500. If you deposit the full amount, DraftKings will give you $500 in bet credits to use anywhere on the site.

For every $25 of credits played through the sportsbook, you will receive $1 in bonus funds. Eligible sports bets are required to have odds of -300 or above. The offer is also available to DraftKings casino players.

As well as a deposit match, you’ll get a risk-free bet worth up to $500. You’ll receive the bet only if your first wager on the DraftKings sportsbook loses.

You can also take advantage of regular Odds Boost promotions on selected sports. Profit Boost tokens are awarded regularly as well. With these tokens, a percentage boost is applied if your bet wins.

Bonus TypeBonus SizeMinimum DepositMinimum Qualifying Odds/Selections
Deposit Bonus20% up to $2500$5-300 (sports); 25x rollover (casino, sports)
Risk-Free Bet$500$5-300
Risk-Free Bet (New Hampshire only)$25$5-300

DraftKings Sportsbook – Available Sports

Our DraftKings review team explored the full range of sports betting options on the site. There are well over a dozen sports to bet on, including football, hockey, baseball, and basketball. You can also place wagers on college sports if they take place outside your home state.

As well as fixed odds markets and futures, DraftKings offers a huge selection of ‘In-Game’ betting. You can find in-play odds on soccer, basketball, tennis and more through the week.

In New Jersey, the DraftKings sportsbook also runs ‘Pools’ markets. Wagers are placed against other gamblers who have bet on the same event. Your prize is determined by the number of winners and players in the pool.

DraftKings Sportsbook – Average Odds

We can’t leave out odds from our DraftKings sportsbook review. We found the range of odds at DraftKings comparable with other legal sports betting sites in New Jersey and Pennsylvania. Point spreads, total points, and moneyline markets were pretty much in line with other sportsbooks.

The benefit with DraftKings is the odds boost promotion. Daily markets are boosted on a range of sports like hockey, soccer, and college basketball. For example, we found NBA odds on 3 NBA teams all to win boosted from +346 to +380.

Daily Fantasy Sports Bonuses and Promotions

You can also claim a free bet on Daily fantasy sports contests of your choice. This can be claimed after you make your first DraftKings deposit.

The bonus for DFS is a free entry into any $3 contest. You must deposit at least $5 to claim the offer. 

As a new player, you can also jump straight in to the DraftKings Rewards program. The more contests you enter, the more points you earn.

You’ll earn 1 Crown for every dollar you spend on contests. If you’re a big winner, you can earn XP (Experience Points) and move through the rewards levels. Rewards include free contest tickets and DK Dollars to use as cash on entries of your choice.

There are a number of other promotions available for DFS at DraftKings. Head to the promotions page to see the latest bonus offerings.

Bonus TypeBonus SizeMinimum DepositMinimum Qualifying Odds/Selection
Free Entry$3$5n/a

Available DFS

When completing our DraftKings review we found fantasy contests in over a dozen sports including NFL, NHL, MLB and NBA. You can also enter daily and weekly contests for eSports and NASCAR. DraftKings is also the official DFS partner of the XFL football league.

There is a heavy focus on NFL at DraftKings. Draft an NFL line-up within the salary cap and rack up points for passing yards and touchdowns. There is a choice of public and friends leagues available. The biggest prize contests are definitely in football too. $750-$5M guarantees have been held regularly at DraftKings for the past few years. DraftKings was also behind the largest fantasy NFL contest in history back in 2019 when it hosted the $10M World Football Championship.

DraftKings DFS Competitions

Our DraftKings review unearthed an amazing selection of DFS contests that run regularly. Entries start from just $0.01, and DraftKings takes a commission when you buy in.

The biggest commissions are in Guaranteed Standard contests which can sometimes have overlays. Commission fees range from 5.67% to 15.9%. For Non-Guaranteed Standard contests which will only run once they’re full, commissions range from 5.67% to 10%.

Here’s a quick rundown of the best contests.

Classic/Showdown

The Classic DFS contests at DraftKings involve drafting a team for a single match or game while keeping below the salary cap. Choose from the available Player Pool to complete your team. Contests run daily and weekly.

Guarantees

DraftKings runs plenty of Guaranteed Prizepool (GPP) DFS contests throughout the week. Thousands of players flock to these big-prize contests.

Pick ‘em

The Pick’Em contest is available through the DraftKings sportsbook. The season-long football contest awards $1M in guaranteed prize cash, with 1st place taking $250,000.

Leagues

Customize your own private contests and take on friends and colleagues.

Single Game Showdown

Instead of picking players to fill each position, the Single Game Showdown lets you choose six players from ANY position. Then, choose a captain who will earn 1.5x his final points total.

Beginners

Our DraftKings review showed that beginners can enjoy a range of contests aimed exclusively at new players. Buy-ins are low, but the guarantees.  

Steps

Step tournaments were introduced at DraftKings a few years ago and are still popular with DFS players. In Steps, you progress through six levels of contests, each one carrying a bigger buy-in and prizepool.

Multipliers/Boosters

DraftKings runs Daily Fantasy Multipliers, special contests where the prize is calculated as a multiple of your buy-in.

50/50

50/50s, or ‘Double Ups’ are DFS contests where the top half of points scorers share the prize money.

Head-to-Heads

With Head-to-Heads, you can take on one other player without entering a huge league.

Deposits and Withdrawals at DraftKings

You can deposit and withdraw at DraftKings using the usual range of banking options. We recommend the DraftKings Play+ prepaid card, as it tends to have the best acceptance rates. Simply load your card with funds direct from a debit or credit card.

Alternatively, you can fund your account via Skrill, AMEX, PayPal or wire transfer. The minimum deposit of $5 is good if you’re a casual gambler.

Our DraftKings review found three cashout options. The site processes withdrawals via PayPal, ACH/e-Check, or paper check by mail. You can also withdraw cash in person at your local casino/racetrack cage. Expect processing times of around 1-2 days for PayPal and 3-7 business days for ACH.

Mobile Compatibility

DraftKings offers native mobile apps for both iOS and Android tablets and smartphones. You can access the sportsbook and fantasy sports lobbies on both apps, make deposits, and email customer support.

The DraftKings sportsbook is now available for download from the App Store or direct from the DraftKings website. You can also find a DraftKings DFS app in the App Store or Google Play.

Customer Support

Our DraftKings review team marked the site down for customer support. While the on-site contact form promises a 24-hour response, there is still no live chat or phone support.

You can mail correspondence to DraftKings’ New Jersey or Boston offices. While we did get a professional response within a few hours when we used the contact form, we would like to see a few more contact options.

DraftKings Review – The Verdict

DraftKings is America’s #1 DFS site, and it’s no surprise to see why. It has an unrivalled selection of fantasy contests running daily, and the mobile sportsbook is excellent.

DraftKings is ahead of the pack in preparing for wider sports betting regulation in the US too. We hope to see the sportsbook and DFS site rolled out in more states over the next few years.

Sign up to DraftKings today and claim your bonus for DFS, sportsbook and casino.

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DraftKings FAQ

Yes. DraftKings operates a real money sportsbook which takes bets on single games and multiples. You can also enter real cash Daily fantasy sports contests every day.

No. DraftKings is licensed by the New Jersey Division of Gaming Enforcement (DGE) in NJ, and approved gaming commissions across the US. Every contest is fair, and software is regularly audited.

Yes. DraftKings charges a commission on every DFS contest you enter. The fee varies depending on the competition.

Author

Jon Young

Jon is a magazine editor and writer with over 15 years’ experience in the gambling industry. He has written articles on everything from video slots and roulette to sports betting, poker, and strategy.

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