DraftKings Sportsbook New York 2020: Is Mobile App Legal?

DraftKings was founded in the spring of 2012 by Jason Robins, Matthew Kalish, and Paul Liberman. The launch of DraftKings coincided with the opening day of the Major League Baseball season as their first product was one-on-one baseball competition.

DraftKings grew quick as their first investment was received in July of 2012, and then in 2013, Major League Baseball invested an undisclosed amount into their operations. MLB became the first U.S. professional sports organization to invest in daily fantasy sports.

By February of 2014, DraftKings reported that they had one million registered users to the site, and 50,000 active players. DraftKings also reported that the company awarded $50 million in prizes in 2013 to players in weekly fantasy football, daily fantasy baseball, daily fantasy basketball, and daily fantasy hockey.

DraftKings continued to grow exponentially as they partnered with the NHL as their Daily Fantasy Sports operator the same year. Over the next three years, DraftKings continued to grow in size when they attempted to merge with FanDuel. The Federal Trade Commission stepped and said that the merger would create a monopoly on the Daily Fantasy Sports industry.

In August of 2018, DraftKings launched its first-ever sportsbook in New Jersey. It is the first online sportsbook in the U.S. outside of Nevada. Since launching in New Jersey, DraftKings has opened sports betting operations in New York, West Virginia, Indiana, Iowa, Pennslyvania, New Hampshire, Colorado, and Mississippi.

DraftKings Sportsbook mobile and retail sports betting products allow bettors in each state to engage in betting for most major U.S. and international sports. On April 24, 2020, the company’s shares started trading on the Nasdaq stock exchange under the ticker symbol “DKNG.”

DraftKings has exploded in popularity ever since it launched in 2012. As sports betting becomes legal in the U.S., they will become one of the biggest sports betting operators in the country.

New User Welcome Bonus

DraftKings has a new user welcome bonus for those who have never played on the site before. The bonus code is worth up to $1000 when signing up with the mobile company. They must deposit a minimum of $5 or more for the credit. Also, bettors must use the promo code “WIN” after signing up with DraftKings, and they will get a 20 percent bonus added to their account. If a bettor adds $2500, then DraftKings will another $500 to the players account for a total of $3000 of betting funds. Also, DraftKings will match your first bet up to $500. Bettors have 90 days to reach the play-through requirements to earn the maximum possible amount, which is listed below.

The bonus funds are only available for the DraftKings and are in the form of site credits. The bonus amount is equal to 20% of that deposit amount, not to exceed $500. Bonus funds will be awarded to the user according to certain play-through requirements. For every $25 played on DraftKings in DFS, Sportsbook, or Casino, the user will receive $1 in bonus funds released into their player account. For example, a $2,500 deposit requires you to play through a cumulative total of $12,500 in daily fantasy contests, sportsbook -300 odds or longer, casino products, or any combination thereof to receive the maximum possible bonus amount of $500.

After the 90 days, you are ineligible to earn any additional bonus funds from this promotion. The promotion ends on August 17, 2020. However, DraftKings offers new user sign-up bonuses that run throughout the year. Even if you were to miss this sign-up bonus, there is another that DraftKings will have out right after.

Review the Sportsbook

DraftKings Sportsbook is one of the best sportsbooks to use. You can bet any of the major U.S. sports like NFL, College Football, NBA, College Basketball, NHL, and MLB. They also have a wider variety of other sports both in the U.S. and internationally. They include EuroLeague, other hockey leagues, soccer, tennis, MMA, Golf, Motor Racing, Boxing, Rugby, Cricket, CFL, and more.

Also, bettors can place any type of bet on a game. DraftKings offers bets against the spread, totals, moneyline, and prop bets for individual games. You can also make parlay and teaser bets for any game available.

DraftKings also offer futures for almost any sport available. Future bets can vary from who will the championship, win totals, seasonal over/under bets for teams or players, odds on individual award winners, and more.

The sportsbook makes it easy to navigate through the site from pre-game bets to live-game action. They also a rewards section, including a link to the casino and more. Flash bets and pools are also available on the main site of the sportsbook. DraftKings makes betting on live in-game sports easy to do.

One of the best features DraftKings has is their live bet ticket, which allows you to exit certain bets before their completion. This option is called “cash out.” If you’re winning a bet and want to lock in a profit, you can do so, but it is at a lower rate. However, you can exit a bet you’re losing to recoup at least a portion of it. This changes the way you will bet on sports. It allows bettors to hedge against themselves, protect downside risk, and also lock-in profit.

Sometimes the upside risk in betting is worth it. You inherently have to take risks to be successful at betting. You’ll undoubtedly want to be cautious about using the live ticket feature. It is still a lot of fun to use and a completely different way to bet on games.

Review the Mobile App

DraftKings has one of the most helpful apps among all the available options. Also, they have some unique offerings for bettors, including flash bets, which is a new live betting product. DraftKings offers odds boosts for certain games daily, parlay insurance, and other rewards for bettors.

When entering the home screen, you’re greeted by a user-friendly view of the requisite promotional banners and quick links. They also have traditional bets with beginner-friendly wording like “who’s going to win?” and “who will cover the spread?” for spread, moneyline, and total bets.

DraftKings is more focused on recreational and beginning bettors from the layout of their app. They also have a DraftKings Sportsbook quick start guide to help anyone that needs it. Also, if a bettor is also a user of DraftKings Daily Fantasy Sports, then they will tailor bets to your liking. If you have multiple Daily Fantasy players from the same team, DraftKings could offer you bets on that team for the night. The app tailors to your favorite bets.

The app is designed to tailor to the everyday bettor, so they can continue to find the action they enjoy betting. Also, they leave enough options for experienced bettors, so they have options to bet with as well. DraftKings make sure the app is for everyone, no matter what your experience level is.

Signing up For a New Account process

There are some basics new users will need when they sign-up for a DraftKings account. Overall, the sign-up process is no different than signing up for an online subscription to a website. However, there are a few things that you will need when signing up. You can expect to need your first name, last name, email, date of birth, cell phone number, last four of your social security number, and address.

DraftKings checks your location frequently when you first sign-up. The sportsbook needs to make sure that you are in a state that allows mobile betting before you can enter. If you do try loading the app from outside of any authorized state, then you will be greeted with a message about your location and the laws surrounding it.

Deposit and Withdrawal Process

All you have to do is hit the plus button, choose your funding method, and deposit money. The deposit options are online banking, Visa, Mastercard, Discover, wire transfer, PayPal, Skrill. As for minimums and limits, DraftKings requires only a $5 initial deposit and bet minimums are under $1, so you can play on any budget level. Once you are funded, you are good to go. Winnings are placed back into your account promptly.

With withdrawal process is very easy with DraftKings. This is not like offshore accounts that make you jump through hoops to cash out. The withdrawal options are PayPal, Check, and check, or casino cage in states that have retail locations.

DraftKings FAQ

What are the best DraftKings Sportsbook promo codes?

One of the best DraftKings promo codes is the first bet matched. This applies to first-time users when they make their first bet at DraftKings Sportsbook. For example, if your first bet is $100, you will get $100 in free bets instantly added to your DraftKings account in the form of bonus bets. DraftKings has a max of $500 in first bet bonuses.

Also, DraftKings has a deposit bonus. This gives new users a 20 percent match on deposits up to $500. So if you deposit $2500, you would earn a $500 bonus when you begin playing.

Where is DraftKings Sportsbook legal?

DraftKings Sportsbook is growing its business throughout the U.S. The states they are in include Colorado, Indiana, Iowa, New Hampshire, New Jersey, Pennsylvania, and West Virginia. Also, they have retail only locations in New York and Mississippi. DraftKings is currently working on a deal to enter the Illinois market, adding to the list of states they are operating.

Can I transfer money between my DraftKings Daily Fantasy account and my DraftKings Sportsbook account?

Yes, DraftKings allows you to transfer money between your daily fantasy account and the sportsbook account. However, they only allow you to transfer winnings. DraftKings does not allow you to deposit money into one account, only for you to transfer it to another.

What is an odds boost at DraftKings Sportsbook?

An odds boost at DraftKings is when the sportsbooks give you boosted odds to enhance your winnings. They will randomly give users odds boosts during games throughout the year. For example, DraftKings might give an alternate line of the Chiefs -6 at +200. However, they will put out an odds boost where the Chiefs are -6 at +300. This increases the bettors’ winnings if it hits.

How Do I get a Payout from DraftKings

Players may withdraw via PayPal or via the payment method with which they used to deposit. DraftKings processes all payouts between 9 am and 5 pm Eastern time Monday through Friday. It usually takes between two and seven business days for a payout to be processed and issued. DraftKings makes it easy for users to get their payouts. Terms and conditions may apply for users that are looking to cash out their bonuses.

What is Parlay Insurance?

DraftKings Sportsbook offers parlay insurance up to $25 if you ever suffer the ultimate heartbreak of having only one leg of your parlay lose. For example, let’s say you bet $100 on a three-team parlay with the Giants +120, Bills +100, and Seahawks -110. If the Giants and Bills win, but the Seahawks lose, then you would be able to get $25 back from your parlay.

Live Betting At DraftKings Sportsbook
DraftKings Sportsbook does offer live sports betting. You can find those in-game odds here.

DraftKings Sportsbook also has a Flash Bet feature through which you can live bet play-by-play action on football, basketball, baseball, and tennis.

Refunds For Scoreless EPL Matches At DraftKings Sportsbook
DraftKings Sportsbook has a “No Goals No Problem” promotion in which the book will refund bets up to $25 if an English Premier League match ends in a 0-0 draw.

Types of Bets You Can Make At DraftKings Sportsbook
Can you bet parlays at DraftKings Sportsbook?
Yes, you can bet parlays at DraftKings Sportsbook by linking one bet to two or more. If every bet in a parlay wins, then you earn a higher payout than if you would have placed them as single bets.

What are the max bets on DraftKings Sportsbook?
DraftKings sets mac limits to mitigate the risk and liabilities of heavy bettors. Max bets on DraftKings Sportsbook varies. They can limit users on their max bet as well as limiting the amount of money all users can make in a single bet. DraftKings limits net payouts per sport. This means you cannot profit more than a certain amount for each sport. Sports like the NFL, MLB, and NBA have a one million dollar limit. The NHL, college football, and college basketball have 250k limits.

Customer Support

You can reach the DraftKings Sportsbook, customer service team through their site, where you can either send a message or live chat with a representative. DraftKings’ customer support is available 24/7. You can also reach DraftKings Sportsbook customer service via email at support@draftkings.com.

Final Thoughts

Overall, DraftKings is one of the best sportsbooks to use, and a big reason why they are one of the most used sites in the U.S. Navigating their mobile app is easy to do and offer different betting options for all experience levels.

Also, DraftKings makes it easy to sign-up and start betting right away. There is almost no hassle with depositing and withdrawing money either. DraftKings gives some of the best bonuses and promotions on the market, keeping users engaged in their bets.

DraftKings Sportsbook is one of the best in the business, and any bettor would be happy using their platform for betting.

Pros
– DraftKings is straight forward with their sportsbook and makes it easy to use for all levels of experience.
– Signing up is easy to do and takes a matter of minutes to register and deposit money.
– DraftKings offers some of the best promotions and bonuses on the sports betting market.
– The DraftKings mobile app is one of the best apps to use. They make it easy for all users to navigate.
– DraftKings in-game live betting is one of the best on the market. They offer different types of wagers that have never been done before.

Cons
– New user bonuses have lots of terms and conditions attached to them. The bonus might not be as straight forward to use as it seems.

– The sportsbook is easy to use, but it could be overwhelming to new users trying DraftKings for the first time. Trying to find sports to bet on is not as straightforward when looking for a particular one.