Review of DraftKings Online Sportsbook in the State of NJ
DraftKings Sportsbook is a registered American company that prides itself on offering its users hundreds of betting opportunities, fast withdrawals, and advanced security.
The Division of Gaming Enforcement regulates DraftKings, making it one of the best online sportsbook operators for people leary leery about betting online. DraftKings Sportsbook strives to offer its customers a user-friendly experience, including eliminating the need for a DraftKings bonus code and offering fast transaction speeds.
So, if you’re ready to give New Jersey sports betting a try, regardless of whether you’re a New Jersey resident, read on for our unbiased review of DraftKings Sportsbook.
An Overview of DraftKings Sportsbook
DraftKings is a highly respected sportsbook betting platform that opened its doors in 2012. They received an investment from Major League Baseball in 2013, which was the first ever American sports organization to put money into daily fantasy sports.
By the time August 2014 rolled around, DraftKings had gained $41 million from investors ranging from GGV Capital and The Raine Group. They officially became the National Hockey League’s fantasy sports service three months later.
Since then, they’ve had partnerships and deals with other big names, including ESPN, Fox Sports, and the Kraft Group.
But sports betting in New Jersey hasn’t always been possible. After legal battles in the United States with the Federal Trade Commission and others wanting to keep sports betting out of their territory, DraftKings launched its first-ever U.S.-based online sportsbook platform in New Jersey.
Now, it offers hundreds of sports betting options to people within New Jersey’s state border and a cutting-edge app, making it one of the best sports betting sites currently available.
DraftKings Welcome Bonus
DraftKings wants to make their new users feel welcome, which is why they offer up to a $1,000 welcome deposit. You don’t need a DraftKings bonus code to qualify. Instead, simply sign up as a first-time user and deposit a minimum of $5.
If receiving $1,000 for a $5 deposit sounds too good to be true, it is. Instead, DraftKings will award you 20% of whatever you your first deposit. So, to receive the full Welcome Bonus of $1,000 bonus, you must deposit a minimum of $5,000.
Things get even tricker after this point, though. From there, Ffor every $25 you play at DraftKings Sportsbook, they’ll award you $1 of the bonus money you earned into your account. That means you’ll need to play through a cumulative $25,000 to receive your total $1,000 bonus for your $5,000 deposit.
Furthermore, to receive the full bonus you earned, you must complete the play-through requirement within the first 90 days of your first deposit.
Phew, that’s a mouthful! While these terms might have you rethinking DraftKings as your sportsbook platform, it may be a consolation that such finicky terms are typical for most online sports betting platforms.
If you want to do sports betting in New Jersey and are seeking the best deal possible, DraftKings offers a few enticing promotions.
Daily Free To Play Pools
Every day, DraftKings lets its users participate in 100% free-to-play pools. You’ll be able to monitor the leaderboard to see where you rank among your competition. Should you win, a cash prize will await you.
All active DraftKings users can claim a free starter pack. These packs contain six NFT player cards. That’s enough to draft a lineup, and you can use your cards to enter contests during the NFL season. Every week, DraftKings gives away over $1 million in prizes.
Refer a Friend
DraftKings understands the value of word of mouth. So, they reward their loyal users by offering a bonus for any customers who refer friends.
To be eligible for this refer a friend promotion, DraftsKing will provide you with a custom link. Then, simply share the link with those you know. If your friends or family sign up for an account using the link, both you and your referral will receive a bonus.
Unlike some sports betting companies, DraftKings doesn’t offer tons of promotions at any given time. Nevertheless, you can benefit from short-term promotions they run in addition to the long-standing options discussed above.
So, keep an eye on your email for announcements of the occasional short-term promotion they may be running.
The Low-down on Promo and Bonus Codes
If you’ve played at online casinos, you’re likely searching DraftKings’ website for a promotion code. But there isn’t a DraftKings bonus code you need to use to redeem the welcome bonus or any of the promotions we covered here.
So, set aside your “New Jersey Devils sports betting promo codes” Google research. Instead, simply log into your account and make your first deposit or click on the promotion you want to take advantage of.
Is the DraftKings Loyalty Program Worth It?
We won’t beat around the bush here—we’re not impressed with DraftKing’s VIP loyalty program. It’s common for betting and casino sites to offer a tiered loyalty program system, complete with a clear points system and a detailed list of perks to motivate users about the next levels.
But DraftKings only offers three short paragraphs about its VIP program on its website. They say they’ll give you the royal treatment, including items such as:
- Top-tier customer service
- Better promotional offers
- Personalized contests
But this seems largely subjective, and DraftKings must invite you to participate in their VIP program.
If you happen to already have VIP status at another online sportsbook, casino, or gaming site, you might be in luck, though. DraftKings encourages users to reach out to them (firstname.lastname@example.org) so that they can see if you qualify to move into DraftKings’ VIP program immediately.
Types of Sportsbook Leagues
DraftKings is one of the best sports betting websites for offering a wide range of leagues you can select for wagering. Some of the most popular sports that New Jersey users bet on include:
- Basketball (NBA)
- Football (NFL)
- Hockey (NHL)
- Baseball (MLB)
- Golf (PGA)
That said, you can also bet on a near-endless variety of other sports. Examples include:
The bottom line is that, except for collegiate sports, if you’re in New Jersey and can’t find a sport you want to bet on at DraftKings, the chances are high you won’t find it on any other sports betting platform either.
Bet Type Options at DraftKings
Sports betting odds vary according to the game, and you can choose from many different bet selections. Below are the bet types that DraftKings offers.
Moneyline bets are the most straightforward form of betting on DraftKings. It doesn’t require complicated betting equations, although it’s helpful to have a background on the sport you’re betting on to increase your chances of winning.
To open a moneyline bet, choose whatever team or player you think will win. DraftKings determines the odds based on favorites and underdogs.
Parlay sports betting is more nuanced than moneyline bets, given that you’ll combine two or more bets into a single play. Many users love parlays because of the large payouts won if they win their bet. it increases their chances of winning more money.
Of course, winning the parlay is more challenging; all your bets need to be correct must happen for you to win.
There’s little rhyme or reason to prop bets, which can add extra excitement to sports betting. Instead of wagering with a point spread, game total, and more, you’ll bet on something with less foundation.
Examples include choosing which player will score first or the outcome of the pregame doing a coin flip.
Point Spread Bets
Point spread bets isare an acquired skill, as it operates on a “+” and “-” line (which the pros also call “handicap”).
To win a point spread bet, you must choose a team that covers any given spread according to the base handicap that all teams start with based on previous performance.
In-game In-play Bets
In-game play bets are ideal if you missed placing a bet before the start of a game. In that case, you can place spot bets that range anywhere from betting on what will happen in the next play to long-term bets about the game’s outcome.
Utilizing in-play bets is exciting because you can bet many times during a game. Doing so can be particularly helpful if you’re trying to wrack up the bonus money you earned.
If simple bet strategies are up your alley, you’ll love the concept of over/under betting. These bets allow you to guess whether the final score of a game will be over or under a given number.
Most often, people place over/under bets on the final score. However, in-play over/under betting or placing over/under bets for halftime are options too.
Futures betting is the concept of betting on a particular outcome long before it happens. Because of the time gap in making futures bets, these options are few and far between on DraftKings Sportsbook.
An example of Futures bets is if you bet on the winner of the FIFA World Cup before the soccer season begins.
Cash Out Bets
DraftKings may allow you to end a bet early if you’re questioning your bet’s final outcome. They call this a “cash out” option, which would immediately pay you a portion of the winning result.
Using cash out is ideal if you’re trying to practice risk management with your bets. It’s also a great way to lock in some profits if you know you currently have them coming to you, but you’re not confident the game will continue to move in your favor.
Using DraftKings on Mobile Devices
DraftKings Sportsbook is a powerhouse on mobile devices, as it offers one of the best sports betting apps on the market. You can download their app on the AppStore or Google Play and will have access to services including:
- Placing bets
- Customer service
But don’t take our word for DraftKings being the best sports betting app; over 347,000 people have rated it on the AppStore, giving it a 4.8 average. And Google Play has similar results, with over one million people downloading the DraftKings Sportsbook app.
We appreciate that DraftKings’ app has a betting carousel, offering custom betting choices based on your previous bets.
A Note on Website Use
You must download DraftKings Sportsbook’s app if you choose to bet on your mobile device because their website won’t appear in your general web browser. Doing so allows DraftKings to comply with location services laws, given that not all states outside of New Jersey let them operate.
If you have trouble downloading DraftKings’ app on your phone, head to “Settings,” followed by “Security.” There, you’ll have the option to select “Unknown sources.” Once you click that box, you’ll be able to download the app.
How To Place a Bet on DraftKings Sportsbook
Placing your first bet on DraftKings involves three easy steps. They are as follows:
- Set up an account on your desktop or via their app on your mobile device.
- Select the sport and outcome you want to use to place your bet.
- Confirm your bet and watch the game live.
To be fair, you don’t have to watch the game after placing your bet. DraftKings will let you know if you win and automatically notify you.
A Review of DraftKings’ Transaction Speeds
DraftKings Sportsbook prides itself on offering lightning-fast transaction speeds when its users place a bet. That’s the case for both its desktop and mobile versions, which is yet again another reason it’s the best app for sports betting.
Speed is crucial for any sports betting platform. That way, the chances of missing out on a potentially lucrative bet because of technical issues are minimal.
In addition to making ultra-fast transactions, DraftKings has a finely tuned geolocation tracker. That way, it can instantly pick up when you’re in New Jersey so that it can tailor its sports betting offerings to you.
That’s a massive benefit for people who live in states where DraftKings doesn’t operate, as they’ll be able to access its services as soon as they enter NJ.
Average Results at DraftKings
DraftKings’ Banking Options
We believe that DraftKings is one of the New Jersey sportsbook platforms that is a contender for being the best site for sports betting because they work with reputable payment providers.
Below are the must-knows of how their deposit and withdrawal options operate.
DraftKings offers a decent selection of deposit options. However, if you’ve used offshore sportsbooks in the past, you’ll likely notice that there isn’t the option to deposit in cryptocurrency.
You’ll have access to the following banking methods by using DraftKings Sportsbook in New Jersey:
- Credit card
- Debit card
- Bank Transfer
- Play+ Prepaid
There’s no need to have a high bankroll to bet at DraftKings. Instead, you can start with as little as $10. However, some deposit methods, such as wire transfers, have a higher minimum.
Remember that only your initial deposit will qualify for the 20% bonus up to $1,000. So, if you know that you’ll have some more money landing in your bank account shortly that you want to use for betting, it’s best to wait for it to clear so that you can make a larger initial deposit, gaining a bigger welcome bonus.
Any deposit method you use must have the same name on your DraftKings account to prevent fraud and underage playing.
DraftKings Daily Fantasy Sports Deposits
It’s not always necessary to have a DraftKings daily fantasy sports (DFS) account linked with your sportsbook account. Instead, if you’ve played through the money you hold on DraftKings’ DFS, you can transfer it into your sportsbook account.
The playthrough requirement involves having played and won money on contests you entered on DraftKings’ DFS.
As with many sportsbook platforms, DraftKings offers fewer withdrawal options than deposit choices. So, make sure you’re comfortable with receiving any potential winnings in one of the following formats before signing up with them:
- Bank transfer
- Play+ Prepaid
You can also withdraw cash in person if you’re near Resorts Casino in New Jersey.
DraftKings processes withdrawal requests in five business days or less. You can view a detailed breakdown of minimal withdrawal amounts (if applicable), maximum withdrawal amounts, and the standard timeline for each withdrawal method on DraftKing’s withdrawal limits page.
Once your withdrawal processes, DraftKings will notify you via email.
DraftKings Sportsbook makes it clear that your money isn’t their money. They do so by having a bank account for players’ funds and a separate account for their operational funds.
They call their player’s bank account a “Segregated Account,” which independent subsidiary DK Player Reserve LLC holds. For this reason, if you request a withdrawal, you’ll likely see this LLC listed as the name rather than DraftKings.
All DraftKings Sportsbook customers must verify their identity. Although we understand that it can feel uncomfortable to fork over your personal details, you can rest easy knowing that New Jersey law requires DraftKings to gather this information.
DraftKings won’t allow you to deposit, bet, or withdraw money until you complete the verification process. They’ll ask for documentation that includes details such as your:
- Full legal name
- Mailing address
- Date of birth
- Social security number
DraftKings Sportsbook has customer service around the clock working on verifications. So, you can expect to receive the clear on your verification, provided you gave them honest information, soon after you complete the process.
At that time, you’ll be able to make your initial deposit and place your first bet.
Quality of DraftKing’s Customer Support
A feature that makes DraftKings one of the best online sports betting providers in New Jersey is that they offer 24/7 support. Therefore, regardless of the time of day or night you want to place a bet or have questions about your account, a friendly customer service member will be waiting to help you.
That said, we’re disappointed that DraftKings Sportsbook doesn’t offer live chat or a phone number to speak with customer support directly.
Therefore, the best way to contact them is via submitting a request. Make sure to double-check your email address, as that’s how you’ll receive a response. The request includes a section where you can attach documents, if applicable.
Alternatively, you can send them a direct email using this address: email@example.com.
You can also use a DraftKings help center bot, a live chat-looking feature that you’ll see in the lower right-hand corner of their website. However, the bot will only direct you to potential answers via the information on DraftKings’ website instead of giving you the option to speak with a real person.
Safety and Security
DraftKings is one of the safest online sportsbooks out there. They use advanced security measures, making them the self-proclaimed “safest sports betting platform.”
While that’s a big claim, we firmly believe that DraftKings Sportsbook has excellent safety and security measures. Although there’s no guarantee that you’ll win when betting on their platform, you can feel confident using any of the banking methods they provide, as they work with reputable providers.
DraftKings uses Secure Socket Layer (SSL) security, meaning that the information you view and input into their website has encryption protection. They also encrypt your personal information so that only select employees can access it when the situation requires it.
DraftKings also has investor support from many big-name companies and sports organizations. Plus, the New Jersey Division of Gaming Enforcement tests their games to ensure fairness and proper operation. So, unlike many offshore online sports betting platforms, it’s unlikely that DraftKings will suddenly start using shady tactics.
DraftKings’ Fair Play Policy
Like any legitimate sportsbook platform, DraftKings outlines its fair play commitment.
They guarantee that their employees aren’t able to participate in contests, leveling the playing field so that you’re only competing against other customers.
Furthermore, DraftKings cracks down on lineup sharing, which is the practice of partnering on lineups with another user to help you both have a winning advantage. They also carefully monitor that each customer only creates one account, helping to keep their platform fair.
DraftKings Sportsbook vs. Illegal Sportsbook Platforms
If you’ve been in the sportsbook field for a while, particularly using offshore platforms outside of New Jersey, betting at DraftKings can feel like it comes with more rules and restrictions than usual.
Illegal sportsbook betting sites often offer larger and more enticing welcome bonuses and promotions. But the issue is that they often run away with your money or have many loopholes making it difficult for you to withdraw all of any winnings you may earn.
Another issue with illegal sportsbook platforms is that there’s a higher chance of identity theft, wreaking financial havoc on you in the long term.
Keep in mind that some illegal sportsbook platforms may try to mimic DraftKings Sportsbook’s website layout and use a similar URL in an attempt to lure in customers who think they’re signing up for the legitimate platform.
So, before becoming a customer at DraftKings, double-check to ensure you’re on their actual website. Checking for an SSL label and that there aren’t any extra or different characters in the URL is the best way to do so.
Is Sports Betting Legal in New Jersey?
In June 2018, sports betting became legal in New Jersey. It’s legal to place sports wagers in person or online via an app, mobile device, or desktop computer.
At this time, it’s illegal to do sports betting with offshore companies and any betting company that doesn’t have proper New Jersey registration.
You must be at least 21 years old to use a certified NJ sportsbook.
Resources To Help You Navigate DraftKings
In the effort to be the best online sports betting site in New Jersey, DraftKings offers a detailed FAQ section via their help center page.
There, you can click on a handful of the most common questions bettoers have to get your answer fast. Alternatively, you can scroll through answers to questions they break down according to topics. Some of the topics include:
- Deposit & withdrawals
- Account management
- Sportsbook wagering
Like any reputable sports betting company, DraftKings provides a responsible gaming section on their website where they offer support to any betteors that feel like they’re struggling with a betting addiction.
Should you feel that betting on sports is negatively impacting your job, relationships, or finances, DraftKings can help you manage it by implementing any of the following upon your request:
- Player limits (deposits, wagers, time spent on the website, etc.)
- Cool off period (temporarily halts access to DraftKings)
- TimeOut (closes your account until timeout period ends)
- Self-exclusion (long-term exclusion from DraftKings of up to five years)
We also recommend seeking outside professional support if you’re having trouble controlling the time or money you spend at DraftKings. The National Council on Problem Gambling is an excellent resource.
FAQs About DraftKings Sportsbook in New Jersey
If you still have questions about DraftKings Sportsbook and sports betting in general, we’ve rounded up answers to common questions to help.
Learning how odds work in sports betting depends on the sportsbook’s system, and DraftKings’ default format is American odds. The American odds format uses $100 as its standard betting unit. Favored bets have negative numbers, allowing you to calculate how much you’d have to bet to win $100.
You don’t need to be a New Jersey resident to wager at DraftKings as long as you’re located within NJ state lines. DraftKings operates in several other states within the U.S., including New York, Louisiana, and Oregon.
DraftKings doesn’t have an in-person sports betting facility per se, but if you’re in Atlantic City, you can head to Resorts Casino, where they have a retail area. Most players prefer using DraftKing’s online website to place their bets.
Due to New Jersey state law, bettoers cannot wager on collegiate sports teams. Furthermore, you can’t wager on any college games that occur in NJ. You don’t have to worry about accidentally doing so, though, because DraftKings won’t show you collegiate betting options.
No, DraftKings won’t let you create multiple accounts. Therefore, it’s crucial to provide DraftKings with accurate information during your first sportsbook account creation, as they’ll ask for documentation to verify your identity.
If you use other DraftKings products, such as their Daily Fantasy, Casino, and Marketplace, you’ll be able to log into all of them using your same sportsbook account information.
Yes, you can access your DraftKings account, including via their app, when you’re not within New Jersey. It’s even possible to withdraw or deposit money. However, in compliance with the law, DraftKings won’t let you place a bet with your account unless you’re within New Jersey.
The Bottom Line
If you’re looking for a New Jersey online sports betting platform with backing from well-known investors and a wide range of betting options, DraftKings Sportsbook is an excellent contender. There’s always an opportunity to wager using techniques like sports betting parlay, point spread, and in-play bets.
Below is a summary of where DraftKings Sportsbook excels and areas we believe they could improve on.
- Wide range of sports betting choices
- 100% welcome deposit match bonus
- No need to use promo codes
- Reputable banking providers
- User-friendly app for betting on the go
Overall, DraftKings Sportsbook is a solid choice for new and experienced sports betteors. You can feel peace of mind knowing they have strict regulations under New Jersey law. and an office in Boston, Massachusetts.
We encourage you to do your due diligence to select the best sportsbook platform for your interests. If you decide that DraftKings is the best-fit option, you can sign up with them today.