DraftKings Promo Code 2023

Reviewed by:

Christopher Feery

Last Updated:

December 6, 2023

4.7/5

⭐⭐⭐⭐⭐

Rating: 4.5 out of 5.

Payout Speed

4.3/5

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App / UX

4.4/5

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Bonus / Promos

4.8/5

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Props / Odds

4.7/5

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*DraftKings promo for new users: Get a $50 bonus bet with a $5 minimum deposit, a 20% first deposit match up to $1,000, and $150 in bonus bets if you place a first bet of $5 or more.

DraftKings was one of the first legal online sportsbooks to debut in the US. Legal online sports betting has grown exponentially since that point, and the DraftKings sports betting app has been an industry-leader every step of the way.

Available in over 20 states, including New York, Pennsylvania, Maryland and Illinois, DraftKings Sportsbook also recently expanded into Massachusetts, Ohio, Kentucky and Maine. DraftKings Sportsbook North Carolina is expected to launch in early 2024, and Vermont is another state expected to launch sooner than later. Slick tech and innovative features are among its calling cards, and a welcome bonus of up to $1,200 is available for new players.

On this page, we’ll go through the DraftKings promo and how you can claim it, all of the pros and cons of the industry giant, and much more.

Is DraftKings Sportsbook legal?

DraftKings Online Sportsbook is legal in over 20 states to date. The company is set to enter additional markets in the near future, including North Carolina and Vermont. Below, you’ll find all of the states in which the DraftKings sports betting app is available, and you can learn more by clicking on the individual state links.

Future DraftKings states

DraftKings is live in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. Among the states likely to join that list next are North Carolina and Vermont. Finally, if you place a moneyline bet of $5 or more, you’ll receive $150 in bonus bets. This means the maximum welcome bonus at DraftKings Kentucky could be up to $1,200, no code necessary.

DraftKings Sportsbook eligibility requirements

You can be signed up and ready to play on DraftKings in just a few minutes, but you will need to check off some boxes in order to be eligible. Here are the top points to know:

How does DraftKings compare to other legal sportsbooks?

What does DraftKings bring to the table in comparison to some of the other industry leaders? Here’s the rundown for a few key categories:

What are the top features at DraftKings?

As one of the top online sportsbooks in the US market, DraftKings is clearly delivering. Here are three of its best features:

• Platform: Great tech behind the scenes translates into a smooth betting platform that’s easy to use. The occasional problem can always pop up, but DraftKings generally works well.
• Betting pools: Buy in and compete against other users in a pool format for big prizes on select slates and games.     
• Live betting: There’s an awesome section for live betting on both the website and DraftKings app with real-time updates on what’s happening in the game. A dedicated tab brings you straight to the currently available options.
• DraftKings Dynasty Rewards Program: When you sign up with DraftKings Sportsbook you’ll be enrolled in the DraftKings Dynasty Rewards Program. For every bet you place at DraftKings Sportsbook, every contest you enter at DraftKings Fantasy, and every dollar bet at DraftKings Casino, you earn Tier Credits. The amount of Tier Credits you earn annually determines your tier for the following year. The five DraftKings Dynasty Rewards Tiers are:
  • Bronze: 0-4,999 Tier Credits
  • Silver: 5,000-24,999 Tier Credits
  • Gold: 25,000-89,999 Tier Credits
  • Diamond: 90,000-174,999 Tier Credits
  • Onyx: 175,000+ Tier Credits

How to sign up for a DraftKings Sportsbook account

The sign-up process at DraftKings is similar to what you’ll find at other legal online sportsbooks. It takes just a few minutes to complete and will ask you to share standard information such as your name and date of birth. After clicking one of the links on this page, you’ll arrive at a new page where you’ll click the green “sign me up” button. Next, there’s a simple four-step process where you just have to plug in and confirm your details:

• Set up account
• Verify account
• Secure account
• Confirm location

As mentioned, it’s nothing out of the ordinary, but DraftKings Sportsbook will verify your identity and age as part of the process. If there’s any trouble doing so, you’ll have to provide supporting documentation.

For the last of the four steps, you will need to download a geolocation tracking plug-in or enable geolocation tracking on your phone. This is how DraftKings can verify your location when you’re placing bets. If you’re not within a state where sports betting is legal, then your bets won’t go through.

Don’t forget that unlike some other sportsbook operators, there is no Draftkings Promo Code needed during the sign-up or deposit processes in order to receive the full welcome bonus.

From your first click to creating your account, you’re looking at a couple of minutes tops. Once you’re logged in, you can immediately check out all that DraftKings has to offer and make your first deposit to activate the bonus.

How you can bet at DraftKings

DraftKings has a long list of sports and bets to choose from. When you visit the sportsbook, the main betting lobby will show all of the popular upcoming games and events. You can change the sports that you see by clicking the name on the menu, or switch over and see what’s currently available for live betting.

For the major pro sports, the default listing covers the top pregame bets such as spreads, totals, and moneylines. If you want to see other options for that contest, just click on the game tile.

That brings up a new menu of options, including same-game parlays, alternate lines, and player props. DraftKings does an excellent job with its layout of clickable tabs and menus so you’ll be able to focus on what you want in an instant. When you find the bet that you want to place, just click on the odds to add it to your slip.

When you add in how much you want to bet, you’ll see the potential return right away. If you place the wager, it’ll move over to the “my bets” section, where you can track progress throughout the game. DraftKings will offer the early cash-out feature at times. If you want to take the offer, just click to do so, and your bet will settle instantly.

The DraftKings mobile betting app is one of the best in the biz. Placing bets is simple, and the clean layout makes it easy to track the progress of your wagers and your transaction history. Here are the main bets at DraftKings and how they work:

• Moneyline: Just make your pick from the favorite or underdog.
  • Rams -290 over Seahawks
• Spread: Select the favorite minus the points or go with the underdog plus the points.
  • Rams -7 over Seahawks (-110)
• Total: Choose over or under on the benchmark number of points that the sportsbook has set.
  • Total points over 45.5 (-110)
• Prop: Additional ways to wager on games and events, many of which involve individual player accomplishments.
  • Jalen Hurts over 195.5 passing yards (-115)
• Live betting: Place your bets in real time as the game plays out on the field.
  • Total points before halftime over 24.5 (-105)
• Alternate: Different spreads and totals to choose from with adjusted odds.
  • Eagles -6.5 over Washington to Eagles -9.5 over Washington
• Same-game parlay: Put together a multi-leg wager on the same contest for enhanced returns.
  • Eagles over Washington
  • Total points over 41.5
  • Jalen Hurts to score a TD
  • Total parlay odds: +310
• Parlay: Place bets on multiple outcomes on a single slip.
  • Titans +155 over 49ers
  • Packers -350 over Browns
  • Colts +105 over Cardinals
  • Total parlay odds: +572
• Teaser: Similar to a parlay, but you can adjust the lines in your favor, with the odds shifting accordingly.
  • Rams -7 over Seahawks to Rams -4 over Seahawks
  • Eagles -6.5 over Washington to Eagles -3.5 over Washington
• Futures: A long-term wager that often won’t settle until the end of a season.
  • Chiefs to win the Super Bowl 2024 +600

What sports can you bet on at DraftKings?

DraftKings also has a large menu of sports available for betting. This includes all of the major leagues and events, as well as a selection of sports that fall into the niche category. The main menu has a section for the most popular sports as well as a full A-Z listing of what’s available.

When you click on a sport that has multiple options, the menu expands to show you everything that’s available.

In short, you won’t be lacking options at DraftKings. You can find anything from World Cup Odds to Super Bowl odds

How are the odds at DraftKings?

When placing bets at an online sportsbook, you want the odds to at least be in range with what you can find elsewhere across the industry. The odds at DraftKings are generally competitive and typically on point.

As you shop around, you may find better odds on certain selections elsewhere, but that’s where the concept of line shopping comes in. If you plan to play at DraftKings regularly, you’ll find that the odds are comparable to competitors and Vegas sportsbooks.

Odds comparison — DraftKings vs. FanDuel

When you compare the odds across the industry for spreads and totals, you’ll find that the numbers are pretty similar, but you can find half or full points of difference when shopping around. It’s up to you to decide which numbers make the most sense for your wagers.

When it comes to sportsbook odds, take the time to closely compare prices, as even small differences can have an impact on your bottom line. Checking a handful of NFL games on the moneyline at DraftKings and FanDuel, here’s what we find:

How early are the lines available?

Waiting around for the numbers at your book of choice can be annoying and frustrating. Thankfully, that’s not an issue at DraftKings Sportsbook. Its numbers won’t necessarily be first, but the odds come out at a reasonable time.

For weekly games like in the NFL and college football, you can expect to see the numbers trickle in early in the week or as the current slate is winding down. For daily sports like the NBA, the NHL, and MLB, odds should be out the day before or the morning of the contest.

It’s the same story as other sports. DraftKings keeps things humming along nicely. As is the case with other online sportsbooks, the oddsmakers tend to be the most on point with the more popular games and events.

Are there any betting limits at DraftKings?

There’s a dedicated section for house rules at DraftKings, as well as a number of helpful “how-to” guides. You can review them for specifics on bet settlement and placement, as well as things that may have a direct impact on wagering. Here are some of the key points to know when it comes to betting restrictions at DraftKings:

Additionally, there can be state-specific rules and regulations to be aware of. Our individual state pages will have additional details. Among those that are common to all of the legal markets are no wagering on high school sports or on political elections.

DraftKings DFS app review & welcome bonus

DraftKings got its start as a Daily Fantasy Sports behemoth. While most of this review is about its sportsbook operations, the DFS operations are still going strong.

When you sign up for a new DraftKings DFS account, you’ll gain instant access to the industry-leading welcome bonus worth up to $520. This bonus doesn’t require any specific DraftKings promo code; just follow our links and claim your bonuses.

DraftKings DFS welcomes you with a bonus $20 in DFS credits when you make your first deposit (minimum $5). That first deposit also is matched at a 20% rate up to a maximum of $500. This means you must deposit $2,500 to get the maximum $520 value of the bonus.

Remember, only your first deposit with DraftKings DFS will qualify for the deposit match, so you’ll want to choose the right amount accordingly. The bonus funds cannot be withdrawn and must be played before they convert into real money. As for the deposit match portion of the bonus, your bonus funds are released at a rate of $1 per every $25 played through on DraftKings DFS.

DraftKings DFS contest entry fees

DraftKings does a great job of tailoring its DFS options to a wide range of people. There are countless ways to play, with lots of flexibility when it comes to entry fees. While you will find contests with entry fee as low as $0.25, contests for $1 and up are some of the most rewarding.

Daily Fantasy isn’t just for the small-time bettor though, DraftKings has plenty of contests for $100 or more, with some contests costing over $26,000 to enter.

DraftKings makes it easy if you’re just starting out playing DFS as there are free contests, that pay out in real money. In addition to those free DFS plays, you’ll also find free pools to enter, where you can win real money as well. 

DraftKings DFS contest types

One of the great things about daily fantasy sports at DraftKings is that there are tons of different ways to play. DraftKings continues to be an industry leader with innovative contest types designed for players with all levels of DFS experience. These are some of our favorite ways to play DFS at DraftKings:

• Head-to-Head: Face off against only one opponent. Whoever scores more points wins it all! You can take on strangers or challenge your friends.
• Tournament: Join a large field public tournament to win huge prizes, or create your own smaller, private league to battle against your buddies.
• Best Ball: These contests take place over an entire season. Draft your team before the season starts and watch your roster play out throughout the year.
• In Game Showdowns: If you’re a second-half player, these contests are for you. Draft a team at halftime and watch your players crush it in the clutch.
• 50/50s: This game mode rewards everyone who finishes in the top half of the field with cash winnings.
• Free to Play Pools: Join free contests against other players in the same pool. Each winner’s prize depends on the pool size, prize amount, and number of winners.

Where can you play DraftKings DFS?

Currently, you can play daily fantasy sports with DraftKings in every state except:

• Hawaii
• Idaho
• Montana
• Nevada
• Oregon
• Washington

What others are saying about the DraftKings sportsbook app

There are a variety of legal online sportsbooks to choose from these days. Finding the one that works best for you can take a little time, but reviewing the consensus opinion of others may help. To that end, here are some of the current takes on playing at DraftKings.

DraftKings Reddit reviews

There’s plenty of regular chatter about DraftKings among the sports betting community over at Reddit. A number of topics are active with regular commentary, with both good and bad opinions of DraftKings.

On the positive side, there are bettors sharing success stories and general questions about playing on the site. For complaints, there’s a good deal of confusion over sportsbook promos and some general unhappiness about the odds for same-game parlays.

Overall consensus: DraftKings gets plenty of attention on Reddit, both positive and negative. Much of the discussion is about legitimate questions and answers, but there are also plenty of gripes posted from unhappy users.  

DraftKings Apple reviews

The DraftKings iOS app is a popular attraction in the App Store. It’s currently ranked seventh in the general sports category and has received plenty of ratings, both positive and negative, with a solid overall score.

The majority of ratings are at four stars and above. However, there are also a good number of complaints. The biggest negatives from reviewers tend to be about customer service and technical issues.

Overall consensus: 4.8/5 stars with 255,400 reviews.

DraftKings Google reviews

On Google Play, people have downloaded the DraftKings Android app over 500,000 times. The overall ranking, however, isn’t as positive as what we found with Apple users.

Once again, the most common complaints are about customer service, so DraftKings may have some work to do in that regard. That said, many reviewers hit the app with a four- or five-star rating, several of whom noted that customer service was on the ball in resolving their issues.

Overall consensus: 3.8/5 stars with 4,152 ratings.

DraftKings platform review

DraftKings has one of the best mobile betting platforms in the sports betting market, and it’s highly regarded across the legal sports betting industry. Those who like lots of features won’t be disappointed, but it remains simple and easy to use at the same time.

The layout is clear, with all of the main features just a click or a swipe away. A search field would be a nice addition, but it’s far from a game-changer. One area that deserves major praise is its layout for props and other bets.

At other sportsbooks, when researching props for an entire slate of games, you may need to click between the individual games a lot. DraftKings lets you view all of the options as a whole from the same menu.

When you’re pressed for time and looking for player props for your sport of choice, this can be a real difference-maker. The cashier, bet slip and support options are readily accessible, and there are plenty of help and how-to menus to serve as a guide.

The top three things we like about the DraftKings app

DraftKings has become a preferred choice for online sports betting. Here are three top features that help make it a top sports betting site.

• Awesome tech: This is one of the slickest online sportsbooks on the market. Any website or app can have the occasional glitch, but DraftKings functions smoothly most of the time.
• Great variety: From major sports to obscure competitions, standard bets to exotic wagers, DraftKings has the bases covered. You’ll have plenty of options no matter what time of year it is.
• Betting pools: If you like testing your wits against other bettors for the chance to win big prizes, DraftKings is the place to go. There’s a dedicated section for betting pools, which is a feature that you won’t find at many other books.

Three things we would like to see DraftKings improve

DraftKings has a lot going for it, but there are still some tweaks and improvements that it could make. Here are three spots that the company could focus on:

• Promos and boosts: There’s a limited selection of recurring promos, and the terms aren’t always clear-cut. DraftKings could do a much better job of rewarding loyal customers.  
• Customer support: While we were fortunate during our test run, DraftKings customer support has been the subject of complaints. Inattentive and uninformed reps were among the negatives that reviewers often cite.
• Stick to sports: It’s great to see that DraftKings is expanding into other areas. However, the frequent mention of NFTs on the betting lobby and in sportsbook promotional emails is off-putting.

DraftKings funding options

On the web, the cashier function at DraftKings appears in the upper right of the screen. Over on the app, you’ll find an icon up top to click on for deposits and withdrawals. In both cases, it’s a clean and smooth experience with plenty of banking options.

Funding methods can vary by state, but there are generally several choices to use. Note that not all methods are available for both deposits and withdrawals. You can see your exact options in the cashier section.

• ACH e-check
• Credit or debit card
• Bank transfer
• Prepaid card
• PayPal
• PayNearMe
• Cash at an affiliated casino

Once you’ve set up your account, you can make deposits in an instant. After you win, any winnings will appear in your account right away and be available for you to withdraw immediately. However, DraftKings will need to do some processing on its end.

It can happen as soon as the next day, but it could take longer than that during peak periods. The time to access your funds will vary by the method you use. In general, PayPal and Play+ can be the next day, while others could take a couple of business days.

How to get help at DraftKings

There are two main options for support at DraftKings: email and live chat. If you click on the “contact us” link, you’ll arrive at the main help center page. There are FAQs and general information to browse through with a “contact support” link.

This is a standard trouble ticket system where you enter your information and click submit. DraftKings will answer inquiries in the order that it receives them, but you can typically expect a response the same day or the next day. For more pressing matters, there’s online live chat.

Live chat works well and moves quickly. During our test, we were chatting with a rep in about a minute and received a quick answer to our question. DraftKings also has some great how-to guides that can help you brush up on betting info and house rules.

There’s also a responsible gambling link for those who may need some further assistance or simply want to learn more about the company policies. You can take a break, unregister, limit deposits or pursue other methods for getting help.

More sportsbook and bonus reviews: BetMGM Sportsbook Bonus Code – FanDuel Sportsbook Promo Code – BetRivers Sportsbook Bonus Code – Caesars Sportsbook Promo Code – PointsBet Sportsbook Promo Code

DraftKings Sportsbook FAQ

What is the DraftKings Promo Code?

No DraftKings sportsbook promo code is required to claim your up to $1,200 welcome offer. Simply sign up to DraftKings Sportsbook and the offer will be activated on your account. Full details can be found in the DraftKings welcome bonus terms and conditions section above.

Where is DraftKings Sportsbook available?

DraftKings is available in the following states at the time of this review:

• Arizona
• Colorado
• Connecticut
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Maine
• Maryland
• Massachusetts
• Michigan
• New Hampshire
• New Jersey
• New York
• Ohio
• Pennsylvania
• Tennessee
• Virginia
• West Virginia
• Wyoming

Why is my winning bet still open?

Bet settlement generally happens quickly after events go final, but there could be a slight delay if there are any hangups in processing on DraftKings’ end. If it happens to you, there’s a good chance that it’s an issue that’s impacting other users as well, and DraftKings will likely issue a statement on social media that it’s working on the problem. For bets that haven’t been settled in over an hour after the end of the game and that DraftKings hasn’t acknowledged, reach out to customer support for an answer on what’s happening.

Are early cash-outs available at DraftKings?

Yes, DraftKings may let you cash out early, but it won’t always be available for all of your open wagers at the same time. The best advice is to keep an eye on the open bets section of your account as the games play out. If a bet will let you cash out early and you want to accept it, just accept to settle instantly.

Is the vig higher than normal for DraftKings same-game parlays?

Same-game parlays continue to grow in popularity at DraftKings and other online sportsbooks. There have been complaints that the odds for SGPs don’t line up with the numbers for a regular parlay using the same selections. Additionally, the odds on the same SGP can vary widely by sportsbook. Essentially, it seems that the vig is slightly higher on SGPs than what users may find for other wagers.

Why did DraftKings void my same-game parlay?

For same-game parlays that include an injured player who doesn’t play, DraftKings has taken the step of voiding the entire wager. This differs from other books that may adjust the bet and odds for that leg and let it play out as normal. Outside of that, DraftKings may void a bet if one of the options is off the board, such as due to a change in starting pitcher for an MLB game.

Does DraftKings charge any fees for withdrawals?

No, DraftKings doesn’t charge any direct fees for processing withdrawals. The company policy is to process withdrawals back to the original funding source, and processing times for all methods appear in the help section on the site. If you want to withdraw to a different method or no longer have access to the original funding source — i.e., you’ve changed your account — then you should contact customer support.

How quickly does DraftKings answer customer support emails?

In our experience, we’ve received a response from DraftKings as quickly as the same day or by the next business day. That said, complaints have circulated on social media about long wait times. If you’ve waited a decent amount of time and haven’t heard back, reach out to customer support via live chat.

The DraftKings story

DraftKings launched in 2012 as a daily fantasy sports company. In the years that followed, it became one of the industry’s major players and now stands as one of the two main DFS market leaders. The company expanded into legal online sports betting in 2018.

• Founded: 2012
• Current CEO: Jason Robins
• 2020 revenue: $643 million
• Number of employees: 2,600
• States with a legal DraftKings app (including for its online casino): Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming 
• Expected states: North Carolina, Vermont
• Biggest market to date: New Jersey

New Jersey was the first state where it offered sports betting. It’s expanded steadily since that point, with DraftKings now available in over 20 states.

DraftKings is also working toward expanding its presence in online casino gambling, completing an acquisition of Golden Nugget Online Gaming in August 2021. The company went public in April 2020 and trades on the Nasdaq under the ticker symbol DKNG.

The growth of DraftKings from a new DFS site to a major player in online gambling has been nothing short of phenomenal. Profitability remains a work in progress, but company leaders are confident they will get there as the legal landscape grows.