This year’s NFL draft is set for April 25 to 27 in Detroit. The draft is one of the biggest events of the NFL offseason, and interest has grown even further in recent years. On top of that, betting on the draft is legal in a number of states.

The Chicago Bears own the first overall pick, and USC quarterback Caleb Williams is the favorite to be the top selection. Read on for a look at the best sportsbooks for betting on the NFL draft, what you can expect in terms of wagers, and where in the US you can place those wagers.

Recommended NFL draft betting options

These are our top recommended sportsbooks that are offering 2024 NFL draft odds. New users can click the banners to sign up and claim any available sportsbook bonuses

RANK
OPERATOR
BONUS
INFO
ACTION
1
$1,000 FIRST BET
On Caesars
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2
up to $1,500
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Get up to $1,500 in Bonus Bets at BetMGM Sportsbook
3
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2nd Chance Bet
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Get Up to $250 Bonus at BetRivers Sportsbook!
4
Bet $5
Get $150
Win or Lose
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New Players get up to $150 in Bonus Bets at FanDuel Sportsbook

How to bet on the NFL draft online

Getting set up to bet on the NFL draft online is easy. Just follow the steps below before the draft gets underway and you’ll be all set. 

From start to finish, you can be ready to bet on the NFL draft in minutes. Once you find what you want to bet on, click the odds to add the wager to your betting slip, enter your stake, and click to place your wager. 

You can then track your progress in the open bets section of your account. The sportsbook will credit you with any winnings as soon as the bet settles, and you can then make a withdrawal or keep the funds on the site to use as a bankroll.  

What are the best NFL draft betting sites?

Many online sportsbooks offer wagering on the NFL draft, but some manage to stand out from the crowd. Below is a closer look at the best NFL draft betting sites

DraftKings Sportsbook

A slick platform and variety of options have helped DraftKings become an industry leader. You can wager online at DraftKings Sportsbook in the following states: AZ, CO, CT, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NH, NJ, NY, NC, OH, PA, TN, VT, VA, WV & WY.

DraftKings promo: Up to $1,250 no promo code needed; click here.

FanDuel Sportsbook

The user-friendly interface at FanDuel makes it easy to locate what you want and to place bets in an instant. FanDuel Sportsbook is available in the following states: AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, MI, NJ, NY, NC, OH, PA, TN, VT, VA, WV & WY.

FanDuel promo: Bet $5, get $150 — no promo code needed; click here.

BetMGM Sportsbook

Beyond a name that’s already prominent in the world of gambling, there’s much more to see at BetMGM, including competitive odds and innovative features. BetMGM Sportsbook is available in the following states: AZ, CO, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, MS, NJ, NC, OH, NV, NY, PA, TN, VA, WV & WY – Note: Offer not available in NV or NY.

BetMGM promo: Get up to $1,500 in bonus bets paid back if your first bet does not win with the bonus code PLAYLSR.

Caesars Sportsbook

The iconic Caesars brand name has helped the company stand out in a crowded field, as has its regular array of promos. Caesars Sportsbook is available in the following states: AZ, CO, IN, IL, IA, KS, KY, LA, ME, MD, MA, MI, NJ, NY, NC, OH, PA, TN, VA & WV

Caesars promo: First bet is on Caesars for any amount up to $1,000. If that first bet loses, you’ll receive a refund as a single bonus bet. Use the promo code LSR1000.

Bet365 Sportsbook

A massive name in international sports betting, bet365  continues to grow its US presence while featuring competitive odds and regular bonuses. Bet365 Sportsbook is available in the following states: Arizona, Colorado, Indiana, Iowa, Kentucky, Louisiana, New Jersey, North Carolina, Ohio, and Virginia. 

Bet365 promo: Up to $1,000 in bonus bets if your first bet loses, using the promo code LSRVA.

How NFL draft betting works

Legal online sportsbooks offer several options for betting on the NFL draft. The most popular is typically on which player will be the top overall pick. This year, Caleb Williams is the favorite. Betting odds come out well in advance of the event and continue to evolve as the draft process plays out. Here’s what the current odds look like for the favorites to go first overall at FanDuel Sportsbook:  

As an example, if you placed a $100 bet on Daniels at odds of +2500 and that proved to be correct, you’d receive back $2,500 in winnings. Beyond betting on the first choice, other NFL draft bets include the following: 

Note that the exact offerings may vary by state. After following the above steps to sign up at an online sportsbook, click the NFL tab to browse the available options and latest betting odds. 

Where can I bet on the NFL draft? 

While legal online sports betting continues to expand in the US, the rules aren’t the same in every market. Each state has its own rules and regulations, details of which you can find on our sports betting legislative tracker page. Looking back at last year’s NFL draft, betting was available without any major restrictions in the following states: 

Meanwhile, the following states prohibit betting on the draft: 

Another group of states allowed NFL draft betting, albeit with some restrictions:

Is NFL draft betting allowed in North Carolina? 

The list of legal NFL draft betting states will grow by one in 2024. Online sports betting went live in North Carolina on March 11, and many of the top online sportsbooks made their debut in the Tar Heel State on launch day. Betting on the NFL draft will be available in NC, but there are some restrictions: 

NFL draft news

NFL draft combine betting

The NFL scouting combine is an annual event that serves as a showcase for top draft prospects. Participants compete in various drills, such as 40-yard dash time for wide receivers and accuracy drills for QBs.   

The rules for wagering on the combine vary by state. For example, FanDuel offered 2024 combine betting in seven states: Arizona, Colorado, Illinois, Kansas, Maryland, Pennsylvania, and Virginia. 

Meanwhile, states like Michigan, New York, and Ohio prohibit wagering on the event. In states that do allow NFL combine betting, the exact offerings may vary. Here are some examples of what you might find: 

The 2025 NFL combine took place Feb. 27 to March 2 at Lucas Oil Stadium. The event has been held in Indianapolis since 1987. 

2024 NFL draft date, time, and location

NFL draft betting FAQ

Are QBs always the first pick at the NFL draft? 

It happens often — 35 times in NFL draft history — but not every time. A QB has been the top pick in seven of the last 10 drafts.

How do I watch the 2024 NFL draft?

The 2024 NFL draft will be live on ESPN/ABC and the NFL Network. A Spanish broadcast will be on ESPN Deportes. The draft can be streamed on the NFL app, as well as apps for ESPN, ABC and ESPN Deportes. Radio coverage is available on Sirius XM, Westwood One and ESPN Radio.

How long do teams have to make their picks?

Teams get 10 minutes to make selections in the first round. Then, teams get seven minutes in the second round, five minutes in rounds three through six, and four minutes in round seven.

What happens to my NFL draft bet if a team doesn’t submit its pick in time?

Sportsbook rules may vary on how these bets are settled.

How long is the NFL draft?

The NFL draft is an annual seven-round event that takes place over three days. In 2020, the NFL draft took 15 hours and 30 minutes.

Where is the 2025 NFL draft?

The 2025 NFL draft will be in Green Bay, Wisconsin, on April 24 to 26. The draft will take place in and around Lambeau FIeld, home of the Green Bay Packers.