DraftKings Sportsbook is a powerhouse in the U.S. sports betting industry. A recent report in Forbes (Forbes Staff, 2024) discussed its widespread presence across many states, key features like real money payouts, and the range of betting options it offers to users. DraftKings Sportsbook has expanded its operations across many states, offering a variety of features for sports bettors.
After gaining significant popularity in the daily fantasy sports (DFS) market, DraftKings expanded into sports betting following a landmark 2018 ruling by the U.S. Supreme Court. The repeal of the Professional and Amateur Sports Protection Act (PASPA) allowed states beyond Nevada to legalise sports betting, giving DraftKings an opportunity to become one of the biggest players in the market.
Since its launch in 2018, DraftKings Sportsbook has expanded its operations to 38 states, Washington, D.C., and Puerto Rico. Not all states have embraced DraftKings yet, but the brand is operational in many major markets. The states where DraftKings Sportsbook operates include Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Vermont, Virginia, Washington, D.C., West Virginia, and Wyoming.
What makes DraftKings Sportsbook stand out?
DraftKings Sportsbook isn’t just about widespread availability. It offers a user-friendly platform that appeals to both casual and seasoned bettors. The sportsbook provides a wide range of betting options, from traditional markets like moneyline, spread, and over/under, to more intricate bets like props, futures, alternative lines, teasers, and more. With its broad market depth, bettors can explore many sports and events.
- Real Money Winnings: One of the most important features for users is that DraftKings Sportsbook pays out real money on all winning wagers, regardless of whether you bet with your own money or used a bonus bet. Once you win, you can withdraw the funds from your account with ease.
- Welcome Offer for New Users: DraftKings welcome new with a generous promotion. By depositing at least $5 and placing a wager of the same amount, bettors automatically receive $200 in bonus bets. Bettors receive this in eight $25 bonus bets, which they can use within seven days. No promo code is required to activate this offer, making it a straightforward and appealing promotion.
- Betting Options and Parlays: Additionally, DraftKings offers different parlay types, such as same-game parlays (SGP), allowing users to combine multiple outcomes from the same game, and progressive parlays, which result in reduced payouts if some legs lose. Its ‘Parlay Builder’ tool simplifies the creation of these bets, making it easier for bettors to engage in more complex betting strategies.
How to bet on DraftKings
Betting on DraftKings is simple, whether on a desktop or mobile device. The platform provides easy navigation, allowing users to tap on the betting market of their choice and add it to their bet slip. From there, bettors can enter the amount they want to wager and place the bet with one click. The mobile app, available on both iOS and Android, also offers seamless access, making it convenient to place bets on the go.
DraftKings offers a variety of safe deposit methods. Users can fund their accounts via online banking, credit/debit cards, PayPal, Venmo, and other popular options like Play+ prepaid cards, Apple Pay, and ACH bank transfers. These multiple payment options ensure flexibility and ease for bettors.
Consequently, DraftKings Sportsbook has positioned itself as a leading name in the legal U.S. sports betting landscape. Its wide availability, user-friendly app, and an array of betting options have made it a go-to choice for sports bettors across the country. With competitive odds, regular promotions, and strong market depth, DraftKings continues to set the standard for online sports betting in the U.S.
To read the Forbes article ‘Where is DraftKings Sportsbook legal?’ click here.
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