NFL Draft Betting 2027: Odds, Best Sportsbooks and Where to Bet

The 2027 NFL Draft heads to Washington, D.C., where the league will stage all seven rounds on the National Mall from Thursday, April 29 through Saturday, May 1, 2027. The Draft Theater will sit in front of the US Capitol, and the three-day event is free to attend, making it one of the most ambitious draft productions the NFL has attempted.

Betting on the draft has become one of the biggest offseason events at legal sportsbooks, and odds on the No. 1 pick are already on the board. Ohio State wide receiver Jeremiah Smith has emerged as an early favorite, with a group of college quarterbacks close behind. Below, LegalSportsReport covers the best sportsbooks for NFL Draft betting, the most popular markets, the latest odds and where you can legally bet on the draft.

Best sportsbooks for NFL Draft betting

These are the sportsbooks we recommend for betting on NFL Draft odds. New customers can sign up through the links below to claim current sportsbook bonuses.

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2027 NFL Draft No. 1 pick odds

Sportsbooks post first-overall-pick odds months before the draft, and those prices move constantly through the college football season, bowl games and the predraft process. Here’s how the market looked at FanDuel Sportsbook in early October 2026.

Smith’s position makes him an unusual favorite. Teams picking first overall usually take a quarterback, so his price depends heavily on which team lands the top pick and whether it already has a franchise passer. Draft order isn’t settled until the end of the NFL regular season, which is why this market can swing dramatically in December and January.

To see how the payout math works, a $100 bet on Smith at +230 would return $330 if he goes first, your $100 stake plus $230 in profit.

Popular NFL Draft betting markets

The No. 1 pick is the headline market, but sportsbooks offer a deep menu of draft props, especially in the final weeks before the event. Common options include:

• First player selected at each position: Bet on the first quarterback, wide receiver, edge rusher, offensive lineman and so on.
• Exact draft position: Wager on who goes second, third or fifth overall, or on the team that selects a specific player.
• Over/under draft position: Sportsbooks set a line on where a prospect will be picked, such as 8.5, and you bet whether he goes earlier or later.
• Number of players by position or conference: Bet on how many quarterbacks go in the first round or how many SEC players are drafted on Day 1.
• Last overall pick and trades: Some books offer novelty markets on Mr. Irrelevant and the number of first-round trades.

Market availability varies by state, so the options you see depend on where you’re located.

Getting started with NFL Draft betting

Signing up to bet on the draft works the same way as getting started with how to bet on football in general. Most bettors can be ready in a few minutes:

• Pick a sportsbook from our recommended list above.
• Open the sign-up page, enter your personal details and add a promo code if the offer requires one.
• Verify your identity and location to activate the account.
• Fund your account using a supported deposit method.
• Find the NFL Draft markets, usually listed under the NFL or football futures tab, and add your picks to the bet slip.

Open bets appear in your account history, and winnings are credited as soon as a market settles. Keep in mind that many draft markets lock early, sometimes days before the event, depending on state rules.

Top NFL Draft betting sites

Plenty of betting sites offer NFL Draft markets, but these operators consistently stand out for the depth of their draft menus and their promotions.

DraftKings Sportsbook

DraftKings offers one of the broadest draft prop menus in the industry, with player-specific and position-based markets that expand as the event nears. DraftKings Sportsbook is available in these states: AR, AZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MO, NH, NJ, NY, NC, OH, OR, PA, TN, VT, VA, WV & WY.

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FanDuel Sportsbook

FanDuel’s clean app layout makes it easy to browse draft futures and build bets quickly, and it’s often among the first books to post No. 1 pick odds. FanDuel Sportsbook is available in these states: AR, AZ, CO, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, MO, NJ, NY, NC, OH, PA, TN, VT, VA, WV & WY.

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BetMGM Sportsbook

BetMGM pairs a recognizable gaming brand with competitive draft pricing and frequent odds boosts around major NFL events. BetMGM Sportsbook is available in these states: AZ, CO, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, MS, MO, NJ, NV, NY, NC, OH, PA, TN, VA, WV & WY - Note: Offer not available in NY.

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Caesars Sportsbook

Caesars backs its well-known brand with a steady rotation of promotions, including boosts on marquee events like the draft. Caesars Sportsbook is available in these states: AZ, CO, DC, IN, IL, IA, KS, KY, LA, ME, MD, MA, MI, MO, NC, NJ, NY, NV, OH, PA, TN, VA, WV, & WY.

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Bet365 Sportsbook

One of the world’s largest sportsbooks, bet365 continues to expand its US footprint with sharp odds and regular bet365 bonuses, and it’s available in a growing number of states.

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Which states allow NFL Draft betting?

Draft betting rules are set state by state, and some regulators update them from year to year. Our legislative tracker has the latest details for every market. Based on how recent drafts were handled, states generally fall into three groups. Always confirm current rules with your sportsbook before betting.

States that have allowed NFL Draft betting

• Colorado
• Illinois
• Indiana
• Kansas
• Louisiana
• Maryland
• New Hampshire
• New Jersey
• Ohio
• Oregon
• Tennessee
• Washington, DC
• Wyoming

States that have allowed draft betting with restrictions

• Arizona: Markets close before the first round begins.
• Iowa: Betting stops 24 hours before the draft.
• Massachusetts: Full-draft wagers have to be placed before the opening pick, round bets before that round opens and pick-specific bets before the two preceding selections are announced.
• Michigan: Sportsbooks close draft markets on the eve of the event.
• North Carolina: Full-draft bets close before the first pick, round-specific bets before that round’s first selection and pick-specific bets two selections before that pick.
• West Virginia: Wagering ends on the eve of the draft.

States that have prohibited draft betting

• Connecticut
• New York
• Pennsylvania
• Rhode Island
• Virginia

The general concern behind restrictions is leaked information, since team staff, agents and media insiders can learn picks before they’re announced. That’s why many states either close markets early or ban draft wagering entirely.

2026 NFL Draft recap

The 2026 draft in Pittsburgh opened with the Las Vegas Raiders taking Indiana quarterback Fernando Mendoza first overall. Only two quarterbacks went in the first round, though, with Alabama’s Ty Simpson the other at No. 13 to the Los Angeles Rams. The rest of the top five featured Texas Tech edge rusher David Bailey to the New York Jets, Notre Dame running back Jeremiyah Love to the Arizona Cardinals, Ohio State wide receiver Carnell Tate to the Tennessee Titans and Ohio State linebacker Arvell Reese to the New York Giants.

Betting on the NFL Combine

The NFL Scouting Combine, held each winter in Indianapolis ahead of the draft, has become its own betting event in some states. Prospects run the 40-yard dash, lift on the bench press and go through position drills, and sportsbooks have offered markets such as:

• Over/under on 40-yard dash times or bench press reps
• Fastest 40-yard dash among a group of prospects
• Head-to-head matchups on specific drills

The rules for wagering on the combine vary widely, and several states, including Michigan, New York and Ohio, have prohibited it. Check with your sportsbook to see whether combine markets are offered in your state.

2027 NFL Draft date and location

• Dates: Thursday, April 29 to Saturday, May 1, 2027
• Location: National Mall, Washington, D.C.
• Draft Theater: In front of the US Capitol
• Fan festival: NFL Draft Experience along Pennsylvania Avenue NW
• Admission: Free
• Broadcast: To be announced; recent drafts have aired on ESPN, ABC and NFL Network

NFL Draft betting FAQ