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Top Takeaways for 2021
About DraftKings Sportsbook. DraftKings (NYSE: DKNG) has been around as a Daily Fantasy Sports company since 2012, adding sports betting to its repertoire in 2018 when the Supreme Court overturned the Professional and Amateur Sports Protection Act of 1992 (PAPSA). DraftKings has a market capitalization of over $18.81 billion as of November 2020. Online sports betting and daily fantasy sports are distinct products and regulated as such. Betting on the DraftKings Sportsbook is currently only available in certain states. To find out which states, check out our guide to where sports betting is legal. DraftKings Prepares to Launch Its Sportsbook & Casino App on Google Play DraftKings Could Have a 31% Upside, New Analyst Coverage Says DraftKings Poised to Shoot 30%-Plus Higher, Says Analyst.
After testing 20 online sportsbooks for our 2021 review, here are our top findings on DraftKings Sportsbook:
- DraftKings offers the widest variety of bets I’ve seen so far from a sportsbook. DraftKings offers betting pools, daily fantasy sports, instant bets, and a Sports Betting National Championship contest in addition to all standard bet types.
- While DraftKings provides top-notch mobile betting and live betting, I was most impressed by the sportsbook’s pre-game statistics and betting trends. DraftKings is in a class of its own in this category, giving users statistics, injuries, team standings, and betting insights to make informed bets. No other sportsbooks offer the same quality or quantity of useful pre-game information.
- Bonuses and promotions are abundant at DraftKings. While some of the rollover requirements for new users are higher than average, there are an above-average amount of seasonal promotions for bettors to take advantage of throughout the year.
Draftkings Sportsbook Tennessee
States Supported: Colorado, Iowa, Indiana, Illinois, New Jersey, New Hampshire, Pennsylvania, and West Virginia.
Casino: Online casino is offered only in Michigan (2021), New Jersey, Pennsylvania, and West Virginia. DraftKings offers over 100 slots, roulette, blackjack, and virtual poker games; however, online poker is not available. Note: This review focuses on sports betting and not casino.
Overall Summary
| Feature | DraftKings Sportsbook |
|---|---|
| Overall | 5 Stars |
| Sports & Bets Offered | 5 Stars |
| Odds | 3.5 Stars |
| Live Betting | 5 Stars |
| Mobile Betting | 5 Stars |
| Bonuses & Promotions | Stars |
| Education | 4 Stars |
| Ease of Use | 5 Stars |
Sports and Bets Offered
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Plain and simple, DraftKings offers one of the best varieties of bet types. Besides offering over 100 total bets on most games, DraftKings offers pools contests and a full suite of daily fantasy sports contests. Pools contests are unique to DraftKings, while DraftKings and FanDuel are the only two sportsbooks to offer daily fantasy sports.
Pool contests: Pool contests are based on predicting winners for multiple events. There are two types of pool contests, free ones put on by DraftKings and private ones that users can host with friends. Some of the contests put on by DraftKings have prize pools up to $100,000. These contests are free to enter, and I've had a blast participating in them.
Pool contest example: A sample private contest would be picking the spread winners for each NFL game on a Sunday. Each of your friends would throw in a set amount of money (host chooses), and cash is paid out to the top three people. The ability to host a contest like this with your friends is something I’ve wanted to do for years, and I look forward to doing it once DraftKings is live in Michigan.
Other bet types: Like most of the industry, DraftKings offers the cash-out feature, as well as daily odds boosts. The cash-out feature allows you to close out your active bets before each game's outcome is decided. At the same time, odds boosts act like a retail store sale, offering more incentive to make each bet. For example, DraftKings might increase the odds of James Harden scoring 42 points in a game from +150 to +210.
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Odds
The following table compares DraftKings odds to other sports betting apps.
| Feature | DraftKings Sportsbook |
|---|---|
| NFL Moneyline | Best |
| NBA Moneyline | Above Average |
| NCAAF Moneyline | Worst |
| Soccer Moneyline | Above Average |
| MLB Moneyline | Average |
| NHL Moneyline | Best |
| NHL Spread | Below average |
| MLB Spread | Average |
| NBA Spread | Below Average |
| NCAAF Spread | Below Average |
| NFL Spread | Below Average |
| Odds | 3.5 Stars |
Methodology: To score Odds, BettingBuck.com gathers data from 21 sportsbooks over several months. For our 2020 Sportsbook Review, over 10,000 data points were collected for spread, moneyline, and over/under (bets).
I collected odds for spread, moneyline, and total bets for over 75 NFL games, 75 MLB games, 75 NBA games, 75 NHL games, 75 Soccer games (various leagues), and 75 NCAA Football and 75 NCAA Basketball games. When collecting odds, I made sure to collect the same games simultaneously for each sportsbook, ensuring data accuracy.
Live Betting
Live betting, or betting on games that have already started, is an area where DraftKings holds its own with the best of the best. Like other top sportsbooks, DraftKings offers prop bets, instant bets, a live match tracker, and live scores.
Prop bets: DraftKings offers a ton of in-play bets and prop bets. An example of a prop bet is, “How many strikeouts will Justin Verlander throw?” An example of a live prop bet is, “Will Manchester United or Liverpool score in the next five minutes?”
Instant bets: Examples of instant betting include betting on the next swing of a tennis match or the next drive of a football game. DraftKings goes toe-to-toe with the best live betting sportsbooks, offering instant bets on tennis points and 'next drive results' or “next play run/pass” on NFL games.
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Live match tracker: A live match tracker is an animated graphic that updates in real-time as you are watching a game. A match tracker has a live clock, displays the score by quarter, and even shows which team is attacking. For NFL games, the match tracker also lists the last play, the total plays and yards on the drive, and the down and distance. DraftKing’s live match tracker for NFL games displays a virtual NFL field, an upgrade I enjoyed compared to most competitors.
Live Streaming: The only feature DraftKings does not offer is live streaming, which allows you to stream games live in the app. Live streaming, currently offered by a select few sportsbooks, such as BetRivers and FanDuel, is currently limited to tennis and soccer games.
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DraftKings Sportsbook App
There is a lot to like about the DraftKings Sportsbook mobile app, which I found to be one of the most complete online sports betting apps.
Likes: DraftKings makes it easy to place bets, view different games and leagues, and look up statistics. Furthermore, viewing all the bets offered on a particular game is seamless. Checking open and settled bets is also easy, whereas some other competitors make navigation complicated. DraftKings also includes a button to switch over to the Daily Fantasy Sports app quickly.
Dislikes: Educational content is displayed under account settings, making it difficult to find for beginners.
Statistics: If you value betting trends and quirky statistics, look no further than DraftKings. Powered by iSport Genius, DraftKings simultaneously provides the most pre-game statistics alongside the highest-quality pre-game statistics of any sportsbook I’ve tested. Betting insights, stats, trends, and more are colorfully displayed throughout the DraftKings app for most leagues and games.
Pregame stats: Game previews include a betting preview, betting trends, team standings, stats about each team, and injury information. The betting preview offers each team’s performance over the last few games as well as fun facts such as, “Each of the Rams’ last six games have gone under the total points line.”
Pregame betting trends: Meanwhile, betting trends include information such as how the betting line (spread) has moved for each team. Stats include things such as how often each team covers the spread or how well each team plays when leading at half-time. There’s a lot to like.
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Education
DraftKings is one of the top sportsbooks in terms of educational content provided for new bettors. Considering few sportsbooks go above and beyond with educational materials, the benefit to beginners cannot be understated.
Pros: Unlike competitors, DraftKings offers sports betting guides for the most popular sports. These guides are short and easily digestible, appealing to new bettors. DraftKings also does a good job explaining different bet types, using images of what these bet types look like in the sportsbook.
Cons: Unfortunately, I was disappointed to see that DraftKings removed educational videos featuring NBA-Legend Charles Barkley that provided a more in-depth description of different bet types.
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Bonuses & Promotions
DraftKings offers promotions for first-time bettors and a variety of ongoing promotions for existing customers. Meanwhile, for existing customers, numerous in-season promotions are available for major leagues and sporting events.
New customer bonuses: For new customers, DraftKings typically offers a 20% deposit bonus up to $1,000 or a risk-free bet up to $500. Both of these bonuses come with rollover requirements. If a bettor deposits $100 and receives a $50 bonus with a 5X rollover, it means they must wager $750 ($100 + $50)*5. Rollover requirements can vary from 1X – 25X, which is why I always read the terms and conditions before accepting a bonus.
Sports Betting National Championship: During January 11-13th of 2019, DraftKings hosted their first sports betting national championship. There was over $2.5M in guaranteed prizes, with over $1M awarded to the winner. Entries into the contest cost $10,000 or are earned by winning a daily fantasy sports qualifier.
Bettors received a $5,000 bankroll for the weekend, intending to have the biggest bankroll at the end of the weekend. The 25 bettors with the highest bankrolls at the end of the weekend took home prizes ranging from $15,000 to $1,000,000. While this contest was canceled due to COVID-19 game cancellations in 2020, DraftKings will likely bring the contest back for 2021.
While my fiancé would never let me enter a contest with this type of entry fee, it is a unique attraction that high-stakes gamblers will appreciate.
DraftKings Championship Series: Throughout 2020, DraftKings hosted season one of their first Championship Series, a collection of contests throughout the year aimed at crowning a “King of Daily Fantasy Sports” and “King of Sports Betting.”
Contests for both daily fantasy sports and sports betting range from entry fees of $20 - $1,000 or more but feature prizes over six figures. DraftKings dished out over $100M in its first season of Championship Series. Again, no other sportsbook features this many huge contests throughout the year.
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Final Thoughts
DraftKings is the complete package for both new and experienced sports bettors. The variety of sports and bets offered, the outstanding education and statistics, and the unique live betting experience makes DraftKings a winner in 2021.
Regardless of your betting style, DraftKings is a reliable, full-service sportsbook that sets the bar high for its competitors.
About DraftKings Sportsbook
DraftKings (NYSE: DKNG) has been around as a Daily Fantasy Sports company since 2012, adding sports betting to its repertoire in 2018 when the Supreme Court overturned the Professional and Amateur Sports Protection Act of 1992 (PAPSA).
DraftKings has a market capitalization of over $18.81 billion as of November 2020. Read more on Wikipedia. DraftKings Sportsbook is available online in 8 states, which is more than any other sportsbook.
What states is DraftKings sportsbook legal in?
DraftKings Sportsbook App is legal in Colorado, Iowa, Indiana, Illinois, New Jersey, New Hampshire, Pennsylvania, and West Virginia. DraftKings Daily Fantasy Sports is available in over 40 states.
What deposit methods does DraftKings Sportsbook offer?
Bettors can currently deposit via credit/debit card, PayPal, bank transfer, and play+ prepaid cards. Maximum deposits start at $2,000 and vary by account.
| Feature | DraftKings Sportsbook |
|---|---|
| Minimum Deposit | $5 |
| Total Deposit Methods | 8 |
| No Debit/Credit Card Deposit Fees | Yes |
| Deposit Min/Max - Debit/Credit Card | $5/$2,000 |
What withdrawal methods does DraftKings Sportsbook offer?
DraftKings currently processes withdrawals via check, PayPal, ACH (e-check), and cash at certain casinos.
| Feature | DraftKings Sportsbook |
|---|---|
| Minimum Withdrawal | $1 - $15 |
| Total Withdrawal Methods | 4 |
| Check Payout Speed is < 10 days | Yes |
| No Withdrawal Fees - Check | Yes |
| Withdrawal Min/Max - Check | $5/Varies |
What is the minimum deposit at DraftKings Sportsbook?
The minimum amount required to open an account at DraftKings Sportsbook is $10.
What kind of customer support does DraftKings offer?
DraftKings offers live chat and email support for general support inquiries. DraftKings does not currently have dedicated phone lines for sportsbook phone support. Instead, they have a callback form, where an employee will call you after you fill out your contact information.
What sports can you bet on at DraftKings
DraftKings Sportsbook currently offers bettors 15 sports, ranging from football to darts to motorsports. DraftKings offers a variety of international and domestic leagues, especially for soccer.
| Feature | DraftKings Sportsbook |
|---|---|
| Total Sports Offered | 15 |
| Aussie Rules (AFL) | Yes |
| Baseball (MLB) | Yes |
| Basketball (NBA) | Yes |
| Basketball (NCAA) | Yes |
| Boxing | Yes |
| Cricket | Yes |
| E-Sports | No |
| Football (NFL) | Yes |
| Football (NCAA) | Yes |
| Golf (PGA) | Yes |
| Hockey (NHL) | Yes |
| Horse Racing | No |
| MMA (UFC) | Yes |
| Rugby (League) | No |
| Rugby (Union) | Yes |
| Soccer (EPL) | Yes |
| Soccer (MLS) | Yes |
| Tennis | Yes |
| Sports & Bets Offered | 5 Stars |
Methodology
For the BettingBuck.com annual best online sportsbooks review published in 2020, a total of 2,300 data points were collected over six months and used to score sportsbooks. Additionally, odds data was collected for each sportsbook on over 1,400 bets to give each sportsbook a comparative odds ranking.
Sports betting sites were scored across seven core categories to computer an overall rating: total number of sports and bets offered, odds, live betting features, mobile apps, educational resources, ease of use, and current bonuses.
Learn more about how we test.
About the author: Joey Shadeck Joey Shadeck is the lead writer for BettingBuck.com and content strategist for Michigan-based Reink Media Group. He has closely tracked sports betting in the United States for the last two years, compiling hundreds of data points across dozens of sportsbooks. He has 5 years of online betting experience with hundreds of bets placed during that time.
- Tons of player props
- Up-to-the-Second Live Betting
- Best teaser pricing
- Clean, user-friendly interface
Lions, Tigers, and… Wolverines? That’s just the tip of the iceberg for Michigan sports bettors – oh my. Legal, regulated sports betting is now available in the Great Lakes State and leading the way is none other than the immensely popular DFS-turned sportsbook operator: DraftKings.
With years of experience in Daily Fantasy Sports, it should come as no surprise that DraftKings is highly adept at creating a fun, efficient mobile platform. DK Sportsbook first landed in the U.S. in New Jersey in 2018, and has been consistent in its expansion to virtually every state that has legislation to allow it. As of January 22, 2021, DraftKings Sportsbook is live and accepting legal bets in Michigan.
DraftKings Sportsbook MI Bonus Offer
DraftKings Sportsbook offers a 20% up to $1,000 first deposit match bonus to new sign ups in the state of Michigan. Let’s break it down:
| DraftKings Sportsbook MI Promo Code | Just click here |
| Free Bet | $100 Free Bet |
| Casino Bonus | $100 Casino Credits |
| MI License Partner | Bay Mills Resort Casino |
| Online Launch | TBA |
After creating your DraftKings MI account, the sportsbook will award you bonus credits that are equal to 20% of your first real money deposit. As an example, if you deposit $1,000 you will receive $200 (20%) in free site credits. Before the bonus cash can be withdrawn, there is a 25x playthrough requirement that must be satisfied. For every $25 played, $1 in of bonus is unlocked and eligible for withdrawal. After the deposit has been made, users will have 90 days to clear the bonus.
While it’s tricky to clear in its entirety, any activity on DraftKings Casino or DraftKings DFS contests will also count.
When did DraftKings Sportsbook Launch in Michigan?
DraftKings Sportsbook MI accepted its first online bets on January 22, 2021. While it took more than a year from legalization to rollout, the wait is officially over. Place your bets.
DraftKings Reputation: Clean as a Whistle
DraftKings has established itself as a titan of iGaming after years of dominance in Daily Fantasy Sports. The company is no stranger to hosting and paying out millions in sports related contests every day. Having expanded its reach, DraftKing’s online casino and sportsbook operations have been both quick to market and extremely well executed – they know their way around a mobile app.
DraftKings was established in 2012, and as of April 2020 is publicly traded on the NYSE (DKNG). It’s as legit company and operation – you can trust DraftKings.
In addition, DraftKings has partnered with the Bay Mills Casino in Brimley, Michigan. All bets placed on DraftKings are as secure as the ones made directly at the casino.
Account Creation
Anyone that is at least 21 years old and located inside the state of MI is eligible to bet with DraftKings Sportsbook. Signing up doesn’t take long at all. Using any of the links on this page will send you over to the DK homepage. Click the large sign up button to get started. The first page of the registration process is pretty simple. Select your Username, enter an email address, and choose your password. Notably, there is a ‘Promo Code’ field – you don’t need to use it, just leave it blank.
On the next couple of pages you’ll be prompted to provide additional personal details, including:
- First Name
- Last Name
- Birthday
- Address
- Phone Number
- Last 4 Digits of Social Security Number
Don’t be worried about providing your SSN, it’s a standard part of the online sports betting process in the U.S. – it is required by every sportsbook, in every state. The operator needs to have it so that they can confirm that you are who you say.
Geolocation
Lastly, before you can legally place a bet, the installation of a geolocation plugin is required. This handy little piece of software, in combination with your WiFi connection, will be able to determine exactly where you are. Once logged-in you’ll be redirected to a page with convenient links for download:
After it is installed it will work its magic and approve you for betting. If you aren’t inside the state of Michigan you can still deposit, withdraw, and browse the lines and available bets on DraftKings sportsbook, but you won’t be able to finalize a wager until you’re back in-state.
Deposit Easily, Get Paid Fast
Making deposits and cashing out winnings is never a concern with a regulated online sportsbook like DraftKings. Michigan bettors will have access to a cashier that is packed with options. You can deposit with credit cards, eWallets, cash, or even link your to your bank account directly. Popular options include:
- Credit Cards – Usually Visa/MasterCard, though AMEX and Discover are also a possibility.
- ACH/eCheck – An easy, convenient digital check.
- Online Bill Pay – If your bank offers online bill pay features, you’re good to go.
- PayPal – You can use PayPal for a million things, including deposits and withdrawals from DraftKings Sportsbook. If you don’t have a PayPal account, you can set one up really easily.
- PayNearMe – Start the deposit process online and DraftKings will shoot you a barcode. Print it out, or save it on your phone and take it over to a nearby 7Eleven, Family Dollar, or CVS Pharmacy and they can scan the barcode and ring you up for a cash deposit right at the register.
- Cash at the Casino Cage – Another benefit of regulated iGaming is that each online sportsbook and casino is usually tied to a brick-and-mortar establishment. In Michigan, DraftKings has partnered with the Gun Lake Casino where you will be able to deposit in-person with cash at the casino cage.
- Bank Wire – They’re not the fastest option, but you can arrange for a wire transfer to or from your DK account.
- Paper Check – Checks are typically just used for withdrawals, but sometimes DraftKings will offer the option to cut you a paper check and mail it over to your registered address.
Bet via Mobile App or Browser
DraftKings online sportsbook is available everywhere in the state of Michigan, on pretty much any device you could envision using to place a bet with. Primarily, bettors rely on either using a traditional web browser or the DK mobile app.
Bet From Your Computer
To bet with your computer, simply visit the DraftKings Sportsbook MI website and log-in to your account. The book itself will be laid out nicely, and a major benefit to accessing it through a browser is that there is plenty of screen space to hunt for the right wager.
The home page generally offers the current, ongoing games right up front in case you wanted to get involved in live betting. A little further down you’ll have important upcoming contests. You can also navigate the book by choosing the sport you want to bet on, which is located at the top of the screen.
After you’ve narrowed it down, you just have to click the bet you want and it automatically populates on your betting slip with the current odds. Type the amount you want to put up, and hit the button. Bing, bang, bet.
DraftKings Sportsbook Mobile App
On top of betting from a browser, it’s also possible to download the DraftKings mobile app to your smart phone or tablet. With it you can take the entire sportsbook with you, no matter where you are in the state of Michigan. The app is available or iOS and Android devices alike – visit your chosen app store or the DraftKings MI website for a direct download link.
After logging-in, the overall aesthetic should largely mirror what you find when betting from a computer. However, due to being on a smaller screen, the use of space will be slightly different. It’s still super easy to navigate between different sports and bet types, though when it comes time to place a bet your betting slip will appear from the bottom of the screen as opposed to being on the right, like it is on a browser.
Overall, DraftKing’s years of experience running DFS contests through its mobile app come in handy. It’s a polished product that is easy to use, and lacks major flaws. From the app you can conduct all major account functions including both deposits and withdrawals, you can contact support, check promotions, and more. Give it a try.
DraftKings Safety and Security
To put it simply, DraftKings Sportsbook is as trustworthy as it gets. The company is operating in the state of Michigan through a partnership with the Bay Mills Resort & Casino, an established brick-and-mortar property located in Brimley – on the Upper Peninsula.
Michigan was the next state in a long line of successful online sportsbook rollouts for DraftKings. You can already catch them in states across the country, including the likes of New Jersey, West Virginia, Indiana, Pennsylvania, Iowa, Illinois, Tennessee, Colorado, and more.
In addition, all Michigan online sportsbooks must comply with, and meet the standards set forth by the Michigan Gaming Control Board. The MGCB’s watchful eye has been keeping MI gamblers protected since its inception in 1996. The organization in general is accessible and transparent in its practices. Public meetings are even available at regularly scheduled times at its Detroit office. If there are issues, you can trust they will be addressed in a timely manner.
Michigan Betting Markets and Types
Fortunately, when Michigan legalized online sports betting it did a solid job of providing operators like DraftKings with a clean slate. Basically every major sports, professional and collegiate, is up for grabs, including (but certainly not limited to):
- Soccer
- Hockey
- Combat Sports (UFC/Boxing)
- Golf
- Motor Sports
- Cycling
- Tennis
- Rugby
- Cricket
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… and when it comes to the types of bets, the world is your oyster. Bet the moneyline, an over/under, spreads, props, or futures. You can also engage in live, in-play betting as the action takes place. For example, you can wager on who wins the next Set, Game, or even Point during a tennis match. Bettors also have the ability to build fun, creative parlays that offer up the chance at a massive payday.
Pool Betting
DraftKings offers a couple of handy features/game types that allow users to engage with their bets a little differently, like Pools. DraftKings Pools are a lot of fun – you enter the pool with a set buy-in, but then get to make lots of mini-bets within it. For example, during a basketball game participants might be asked questions like which star player will score the most points? Will anyone in the game have a double/double? Which team wins? etc., etc.
Once the game or event is over, whoever was most accurate with their picks and tops the leaderboard will take the biggest prize.
DraftKings Rewards
If you’re familiar with DraftKings’ “Crowns” program for DFS rewards… unfortunately that knowledge won’t help you much here. DK elected to create an entirely different rewards scheme for their sportsbook/casino.
The sportsbook loyalty program is centered around “Missions”. The more missions you complete, the more promotions you’ll have access to. Odds boosts, free bets, and exclusive deposit bonus offers are just a few examples of what you can unlock.
We wish it was more of a cut and dry – bet X amount receive X back in rewards – but everything related to the loyalty missions hinges on the DraftKings team evaluating your activity and awarding you accordingly. It may not be exact or comparable from person to person.
Draftkings Sportsbook Log In
Regardless, there IS value here, which always makes a difference in the world of sports betting where the margins are often razor thin.
Additional Promotions
Separate from the rewards program, DraftKings offers many of the same public promos and extras in Michigan as it has in other states. These include: Free bets, bet insurance, boosted odds on specific wagers, unique bonuses, and more. Navigate over to the ‘Rewards’ section and then click on ‘Promotions’ to see what’s currently available. Offers listed here would be up for grabs regardless of your Missions/Loyalty status.
Support
In Michigan, like other states with DK Sportsbook, bettors have access to knowledgable, competent support representatives through a variety of methods, including:
- Live Chat
- Phone
You never have to worry that support will ghost you on an important question, which can happen with offshore sites. All of the DraftKings resources are at your fingertips.
DraftKings General Info
DraftKings was founded in 2012 in Boston, Mass., initially focusing on Daily Fantasy Sports contests. Before long the company was everywhere, agreeing to partnerships with major sports leagues and networks like the MLB, NHL, NFL, ESPN, and FOX.
In May 2018 the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), enabling each state to individually legislate sports betting. Just a few months later DraftKings was the very first operator to go live in the New World of regulated betting, launching its online sportsbook in New Jersey.
Just a few months after its initial foray into sports betting, DraftKings debuted its first online casino in December 2018, also in NJ.
In the time since DraftKings has generally been first, or one of the first to begin accepting online wagers in each new state to approve betting. Michigan officially became on of DK’s active states in January 2021.