DraftKings deposit bonus
With the launch of a new platform in a new industry, DraftKings has rolled out promotional offers upon promotional offers.
DraftKings Sportsbook is currently offering $25 in free bets when you sign up — no deposit required! That comes out to five free bets of $5 each. You can also get a free bet match up to $200 when you make your first deposit.
How do I place a bet on the DraftKings Sportsbook?
Only bettors located in New Jersey will be able to bet on DraftKings for now. But more states are expected to launch mobile sports betting by the end of 2018.
People in New Jersey can sign up for a DraftKings Sportsbook account now and check out the app. Simply click on the links on this page and follow the instructions to get your account activated.
And now you’re ready to start betting on games in the NFL, NBA, MLB, NHL and much more!
How does the DraftKings Sportsbook work?
Powered by the Kambi Group, the DraftKings Sportsbook is extremely user-friendly and a great place for new bettors to learn how to bet on sports.
The DraftKings Sportsbook offers the following bet types across a wide variety of sports, with more options expected in the future:
- Point spreads: It is the most common choice for bettors and the easiest to understand. A sportsbook estimates what the margin of victory will be for a specific team. Bet the over or take the underdog, which will “cover the spread” if it wins outright or loses by less than the determined spread.
- Money lines: Bettors don’t necessarily need to know the spread in these games. In any given event, each team will have a three-digit number, either positive or negative, that determines the payouts if that team wins. A positive three-digit number (+150, for example) is what is paid per $100 bet ($150 for every $100 bet). A negative figure (-150) is how much needs to be paid to win $100 ($100 won for every $150 bet).
- Totals: Ever heard of the “over/under” statistic? That falls in this category. Sportsbooks estimate, for example, how many combined points will be scored between two NBA teams in the same game. Bet on the over or the under. Simple as that.
- Futures: For bettors who want to experience the highs and lows of an entire season fall in love with futures bets. Typically offered with straight odds or a moneyline, futures traditionally involve betting on a team to win a division, conference and/or league championship.
One other format available with is in-play betting, in which bettors lay money down during contests. Another popular format involves parlays, in which bettors wager on multiple contests as part of a single bet. Proposition bets are also popular, as players wager on specific events within a given contest rather than the contest as a whole. Think betting on the coin toss during the Super Bowl.
What is clear for DraftKings sports betting is what is outlined in New Jersey law, which dictates that sportsbooks are prohibited from accepting wagers on high school events or on college events that are staged in New Jersey or on colleges and universities from the Garden State, regardless of venue.
Additionally, players, coaches, officials and anyone with affiliation to a team or league are not allowed to bet on their respective sports. And of course, all bettors must be at least 21 years old to place a wager. As such, DraftKings will need to utilize geolocation and age verification to confirm such facts.
How the DraftKings Sportsbook got here
Even before PASPA was ruled unconstitutional by SCOTUS in May, DraftKings was preparing itself to enter the sports betting world.
In February, the company hired a “Head of Sportsbook” while announcing the opening of a new office in Hoboken, New Jersey. The Garden State had been at the forefront of the legal battle for legalized sports betting, and those two moves by DraftKings made it clear that the company was looking to get in on the ground floor should SCOTUS rule in New Jersey’s favor.
DraftKings’ plans became even clearer since the high court opened the door for legalized wagering. Since the ruling, the DFS company began advertising on billboards and online. It has also partnered with Resorts Atlantic City – to use the casino’s license – and has teamed up with gaming software company Kambi Group to build a sports betting foundation.
Other states eyeing DraftKings sports betting
Certainly, DraftKings will have a presence in New Jersey. And because of the company’s online deals and presence, bettors in the Garden State can place their wagers from anywhere inside the state’s borders.
Outside of New Jersey, DraftKings does not have any similar deals lined up … yet. Stay tuned to TheLines for the latest information about where and when you can bet on sports at DraftKings.