DraftKings, one of the leaders in sports gaming, has been doing daily fantasy sports for years. But it is also going to be offering sports wagering in states across the country as well. In New Jersey, DraftKings Sportsbook is open for business and available to all Garden State bettors.
Here is a look at what you can expect from sports gambling and what DraftKings is already doing for DFS:
DraftKings was preparing for the possibility of legal US sports betting dating back to 2017. Now those plans are a reality in New Jersey and elsewhere.
DraftKings sports betting, at a glance
The DraftKings sports betting platform is fully active as of Monday, Aug. 6, 2018.
Prior to launch, we got a very brief preview of the platform via the company’s founders on social media. Read more here. What else do we know?
- DraftKings has partnered with Resorts Atlantic City for the use of its gaming license. It will not provide sports betting services at its land-based casino, but it will be offering online wagering.
- DraftKings has been working with European company Kambi Group to get sports betting up and running.
- The apps for sportsbooks and DFS appear to be separate.
DraftKings: What can you bet on?
Players will find much of the same menu you can find for sports betting at DraftKings that you will find in other regulated markets. For sports, that means:
- Boxing and mixed martial arts
For types of bets:
- Straight bets, such as point spreads and moneylines
- Futures bets
- Parlays, where bettors combine more than one outcome for potentially bigger paydays
- Prop bets, where a bettor wagers on whether an outcome will happen or not (Will Tom Brady throw a touchdown in the game?)
- In-play betting, where you can bet on outcomes while a game or contest is going on.
Where can I bet at DraftKings sportsbook?
DraftKings Sportsbook is now available online in New Jersey.
While there will be no physical location (that we know of), the DraftKings online sportsbook is accessible via both web browsers and mobile devices.
You only need to be located within New Jersey’s borders — whether a resident of the state or not — and 21 years of age in order to place real money bets at DraftKings’ NJ sportsbook.
DraftKings daily fantasy sports
DraftKings, one of the world’s two largest daily fantasy sports sites, hosts a range of contests with excellent prize pools.
It covers around a dozen sports, offers an intuitive drafting system, and has an exceptional support team and help center. With the recent legalization of online sports betting in New Jersey, DraftKings now also offers a legal NJ online sportsbook.
In the future, the company may also offer an online casino to players in the Garden State.
DraftKings promo code 2018
Register your first DraftKings DFS account and deposit $5 or more to receive a free $3 ticket. Use our DraftKings promo coupon link to qualify. The ticket cannot be redeemed for cash.
Registering a DraftKings account
Registration involves clicking the green “sign me up” button on DraftKings’ front page and filling out the short account creation form. There’s an option to register by logging in with an existing Facebook account, but it was inactive at the time of this review.
The signup confirmation email we received did not include an activation email – we were able to browse contests and make deposits as soon as we submitted the registration form.
DraftKings deposits and withdrawals
DraftKings accepts deposits through:
- Mastercard, VISA, Discover, and American Express credit and debit cards
- PayPal e-wallets
- Mastercard and VISA gift cards
The minimum deposit limit is $5, while the maximum is $2,000. Players in certain jurisdictions may see a lower upper deposit limit until they verify their identity. The verification process involves uploading a photocopy of a government-issued ID and a recent (60 days) utility bill.
All documents must be uploaded through DraftKings’ website, which secures all data transfers using a 256-bit encryption algorithm.
When you request a withdrawal, DraftKings will first issue a refund on all deposits you made during the previous three months. If refunds do not cover your full withdrawal, any excess will be transferred using PayPal or cheque by courier.
Example: you deposit $100 using a VISA credit card. A week later, you request a $150 cash-out. DraftKings will process your withdrawal by refunding your $100 card payment and sending the remaining $50 through PayPal or cheque.
Withdrawals are processed Monday through Friday between 9 a.m. and 5 p.m., and it takes 2-8 business days for funds to appear in your account.
DraftKings will ask you to fill out a W-9 form before they process your withdrawal.
Other DraftKings promotions and rewards
DraftKings offers a VIP program that awards Frequent Player Points (FPPs) for buying real-money tickets. The exact accrual rate is not listed on DraftKings’ website, but a quick scan of the contest lobby shows that it’s one FPP per dollar spent on entries. You can exchange FPPs for contest tickets at a fixed rate of 550 Points per dollar.
FPPs also help you scale DraftKings’ VIP ladder, which awards free entries to guaranteed tournaments. Prize pools range from $15,000 to $100,000.
Additionally, you can receive a $20 bonus by referring a friend. To qualify, your friend must click your referral links, register an account, and make a real-money deposit. The $20 bonus can be used to enter DraftKings’ contests and cannot be redeemed for cash.
DraftKings also offers daily missions that award loyalty points and experience badges. For example, a new player who buys his first $3-or-higher ticket will receive 100 FPPs for free.
DraftKing periodically offers short-term promotions and bonuses; keep an eye out for a promo email or an app push notification.
DraftKings’ commission varies by contest type and ticket cost. For example, in standard contests with guaranteed prize pools, the minimum and maximum fees are 5.67% and 15.90% for entries worth $1,000+ and $0.01-$5, respectively.
In general, the lowest fees are for non-guaranteed tournaments (5.67% to 10%), and the fee increase as the entry price decreases.
Available DFS contests cover MLB, PGA & Euro golf, Soccer, NBA, NAS, MMA, CFL, League of Legends (eSports), NFL, NHL and UEFA Europa League.
DraftKings offers the following contest types:
- GPP (Guaranteed Prize Pool): the most popular format. Pays out the full prize pool whether the contest fills or not. GPP contests attract the most attention on account of their payouts, which are often in the hundreds of thousands of dollars.
- Head-to-head: a one-on-one duel. The winner claims the entire prize.
- User-generated contests: can be created from the main lobby by any member. If a user-generated contest doesn’t fill, the tournament is canceled, and DraftKings refunds all entries.
- 50/50: the prize pool is split among teams that finish in the top 50% of the field.
- Double ups: winners of these contests receive double their entry instead of a percentage of the prize pool.
- Qualifiers: award entries into other tournaments instead of monetary prizes
- Multipliers: these contests pay out prizes worth between 3x and 10x your entry.
- Steps: these contests comprise multiple levels. Participants enter the contest at Step 1 and compete for an entry into the next Step. Winners of the final Step receive large cash payouts.
- Free: contests that do not require real-money tickets. Free contests award DraftKings dollars and entries to other tournaments.
- Casual and beginner contests: available to new players with no experience badges. Feature entries between $1 and $50.
Interface and accessibility
You can access DraftKings’ DFS contests through:
- Browser-based application: works in all modern browsers. Does not require Flash.
- Native iOS app: available from Apple’s App Store for iPhone, iPad, and Apple Watch. Takes up 251.6 MB of space and requires iOS version 9.0 or later.
- Native Android app: can be downloaded from the Google Play store in the US and the UK. Canadian players can download it as an ‘apk’ file from DraftKings’ own website.
The browser application is functional and intuitive. Upon logging into your account, you’ll find yourself in the lobby where you can browse upcoming contests. The entry fee, contest type, total prize pool, and launch time are displayed for each game. You can use various filters to narrow down your selection by field size, availability of a guaranteed prize pool, entry fee range, and sport.
You can click the “create a contest” link above the lobby to set up your own contests. Choose if you want your contest to be private or public, then select between head-to-head and multiplayer formats. Next, choose your ticket price and prize pool distribution pattern, and you’re good to go.
We tried the iOS mobile application, and it was responsive and easy to navigate. The app lists all the same contests that are available through the browser platform and supports deposits and withdrawals. We did not feel that the application was just a dumbed-down version of the web-based package.
Drafting your team
To draft your daily fantasy sports team, click on a contest in the DraftKings lobby and select “draft team.” There you can view the number of entrants, FPPs awarded per entry and a list of matches covered by the contest along with their scheduled start times. Clicking the “full contest details” link near the top reveals details about the contest’s payout structure, a searchable list of entrants, maximum entries per player, and scoring rules.
The main draft view groups players by position. For example, in soccer you can sort players by F (forward), M (middle), D (defense), GK (goalkeeper), UTIL (utility), and ALL. The table lists each player’s FFPG (Fantasy Points Per Game) score and salary; you can export and save this list. Click the “+” sign next to each player to add him to your roster.
The team salary limit for most games is $50,000. To put this number in perspective, Neymar’s (world-class Brazilian soccer forward) salary is currently $12,600, while the average salary falls in the $4,000-$6,000 range.
When your team is ready, click “enter” to purchase your ticket. Depending on contest settings, you will be able to buy between one and 150 entries for a single contest. If you’d like to reserve an entry and draft your team later, the “reserve” button will allow you to do that.
Note that DraftKings allows late swaps for some sports — a player does not become “locked” to your roster until their first game’s scheduled play time.
Who can play at DraftKings?
As of June 2018, only residents of the following countries can make real-money deposits with DraftKings:
- The United States *
- United Kingdom
- The Netherlands
* Residents of some states are restricted from playing in real money contests at DraftKings.
If you reside in a country that isn’t listed above, you can register a DraftKings account and browse open contests, but you won’t be able to make a deposit.
Players in New Jersey can use the DraftKings Sportsbook, which went fully live on Aug. 6, 2018.
You can contact DraftKings’ support through:
- Live chat: between 6:00 AM and 11:59 PM EST
- Email: [email protected]
- Online contact form
There is currently no telephone support available.
Our experience with DraftKings’ live chat support has been stellar. We never had to wait more than 10 seconds to be connected to a representative. Their support agents are very fast typists and provided detailed answers to even the most technical questions about drafting and scoring mechanics.
DraftKings also offers the most useful FAQ section we’ve ever seen on an iGaming website — it should be your first port of call when you have questions. There’s also a virtual support agent that can be helpful when you have simple questions.
Where is DraftKings based?
DraftKings has offices in the US, UK, and Malta. Their headquarters are located in Boston, Mass.