DraftKings Sportsbook Progressive Parlay: What Is The New Feature, And How Does It Work?
DraftKings Sportsbook is taking parlay betting to the next level with the newly announced “Progressive Parlay.” The Progressive Parlay feature will allow bettors to win on parlays even if every leg on the parlay does not hit. The product currently has a soft rollout in select states and is live now for bettors in Connecticut, Iowa, Illinois, Oregon, Tennessee, and Wyoming.
Progressive Parlay Explained
DraftKings first announced the Progressive Parlay feature during their 2023 Investor Day Presentation. Bettors will choose “over” or “under” on anywhere from three to 12 bets. What makes Progressive Parlay stand out, however, is that there are more ways to win.
Customers will add their selections, and the “Bet Builder” will inform players of the number of picks they will need to create a progressive parlay. Patrons will also see how the odds change with each pick and how many legs they need to hit for a payout. The more legs on the parlay, the more ways customers will have to win.
In an example provided by DK, a 10-leg progressive parlay using NBA player props would pay out +15000. A traditional 10-leg parlay with each leg priced at -110 individually would pay out +64208. That is a sizeable payout difference.
“DraftKings is committed to constantly creating new ways for our customers to engage with the sports and athletes they love, and Progressive Parlay is a great example of that. This product provides the excitement of building a parlay, but with the added opportunity of potentially winning even if every leg doesn’t hit. It’s the best of both worlds.”Corey Gottlieb, DraftKings’ Chief Product Officer.
More New Features On DraftKings Apps
The Progressive Parlay feature isn’t the only innovation DK has announced. DraftKings launched Pick6, a peer-to-peer fantasy sports variant based on selecting athletes’ stats to go more or less.
DraftKings has also advanced its same game parlay product and runs things in-house now. This removes third-party companies and allows DK to better oversee odds on their end.
DraftKings has also upgraded its mobile casino products and launched single-level jackpots in New Jersey.
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DK PROMOS PART OF VERMONT PRE-LIVE PROMOS
DK is continuously innovating and updating its sports betting and fantasy apps, providing more ways for users to play. The sportsbook has also been announced to be bringing its product to Vermont once the market is live. DraftKings is currently running a Vermont pre-registration promo for newcomers who join today. Click PLAY NOW on the banner below.
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