DraftKings NY Sportsbook Review & Promo Code

EmpireStakes.com

By Martin Green

DraftKings NY is an ambitious sportsbook with a reputation for offering innovative promotions, a high-quality mobile app and a wide range of betting options. The brand has invested heavily in marketing over the past few years, so it is now a household name across New York. This review delves into the strengths and weaknesses of its sportsbook and helps you make an informed decision about whether you should register for an account.

Pros/Cons

Pros

  • Great odds boosts, promotions and bonuses
  • Highly rated sportsbook app
  • Covers a huge range of pre-game and live betting markets

Cons

  • Customer service is not available 24/7 and there is no live chat

DraftKings Sportsbook Promotions

DraftKings offers new customers a 20% match deposit bonus worth up to $1,000, and we expect something similar once DraftKings goes live to New York customers. The minimum deposit required to qualify for this DraftKings NY sportsbook bonus is just $5, which should appeal to casual players. DraftKings will give you free bet credits worth 20% of your initial deposit, so you must deposit $5,000 to unlock the maximum bonus of $1,000.

Just bear in mind that you will have to complete a pretty onerous playthrough requirement before you can withdraw any of these bonus funds. For every $25 wagered, DraftKings will release $1 in bonus funds into your player account. You would therefore need to wager $25,000 to unlock the maximum bonus of $1,000, so it essentially amounts to a 25x rollover requirement. You should not need to use a DraftKings promo code to unlock the match deposit bonus. You have 90 days in which to use the bonus.

The DraftKings welcome offer is twice as large as the bonus available at its major rival, FanDuel, which offers a 20% deposit match bonus up to $500. However, competitors such as Bet365 and 888 Sport offer a 100% deposit match welcome bonus worth up to $500, and they do not impose playthrough requirements, so DraftKings' flagship sign-up offer is not the most attractive on the market.

Yet it does offer some highly lucrative short-term promotions for new customers, and they are always worth looking out for. One notable example was its “Bet $1 On Any Basketball Game, Win $100 On A Made 3-Pointer”. New customers could sign up for an account and deposit just $5 to qualify, and then they were able to bet $1 at boosted odds of 100/1 (+10000) on a single 3-pointer being made in an NBA or college basketball game. That basically amounts to $100 in free bet credits for a $5 deposit. DraftKings has run similar offers on UFC events, and they offer excellent value. These offers may require a DraftKings New York sportsbook promo code.

Additional Promos at DraftKings

DraftKings NY offers a fantastic array of ongoing promotions for existing customers, and we expect that to be true in New York as well. On any given day, you might find a 25% profit boost on any MLB bet, a 20% profit boost on a golf tournament, a WWE prediction pool, a risk-free casino bet and a Big Play Payday offer. It is rare to see a sportsbook offer such a comprehensive range of exciting short-term promotions. This is a major benefit for DraftKings customers, as it drives excitement and offers plenty of opportunities to earn extra value. You do not need to enter a DraftKings NY sportsbook promo code on the site or app to unlock these offers. Simply visit the “Promotions” section of the site, find an offer that interests you, read the terms and conditions, and click “Opt In” if you want to take part.

Is It Possible to Bet in New Jersey?

Under current legislation, New Yorkers can only enjoy legal sports betting by visiting land-based sportsbooks, which are mainly located in upstate casinos. Online sports wagering should soon be available across the state, as it was signed off in the state budget for fiscal 2022, but there is no official launch date yet. Many New Yorkers, therefore, drive over the border into New Jersey and take advantage of legal sports betting and online casinos in the Garden State. NY state senator Joe Addabbo claims that at least 25% of the handle at New Jersey’s sportsbooks comes from Empire State bettors.

Get to Know DraftKings

Jason Robins, Matt Kalish and Paul Liberman founded DraftKings in Boston back in 2012. The business initially focused on daily fantasy sports contests, which were highly popular before legal sports wagering became possible. In 2018, the Supreme Court struck down PASPA – a federal ban that prevented sports betting in every state apart from Nevada – and DraftKings quickly launched its own sportsbook using a white-label platform from Kambi. The brand was already a household name from its DFS success, and it quickly became one of the country’s most popular sportsbooks.

DraftKings was listed on the NASDAQ in 2020 after it merged with white-label provider SBTech and a special purpose acquisition company. The company was valued at $3.3 billion when it made its stock market debut, but it had soared past the $25 billion mark by 2021, making Robins a billionaire. The three-way merger left DraftKings with a substantial cash balance, and it has used those funds to mount an aggressive customer acquisition drive in a bid to emerge as the market leader ahead of FanDuel, William Hill and BetMGM Sportsbook. DraftKings is licensed to operate in several states, and it is likely to be one of the first New York online sportsbook sites to go live. We will let you know as soon as it is possible to play DraftKings in New York.

Is Sports Betting Legal in New York?

NY state legislators approved in-person sports wagering in 2013. Retail sportsbooks were finally permitted to launch in 2019, a year after the Supreme Court overturned PASPA. Rivers Casino in Schenectady was the first to accept a legal sports wager, while the FanDuel sportsbook at Meadowlands has proved popular among visiting New Yorkers. The 2013 constitutional amendment did not permit online sports wagering, but Sen. Addabbo lobbied hard for it, and Gov. Andrew Cuomo has championed a sports betting bill. Online sports wagering was approved in New York’s budget for the fiscal year 2022, so it seems like only a matter of time before it is available. Be sure to bookmark our NY online gambling site for the latest updates on sports betting and casinos.

Available Sports Betting Options at DraftKings

DraftKings initially hired Kambi to power its sportsbook, but it will transition to the SBTech platform by the fall of 2021. It merged with SBTech in 2020, so it did not make much sense to continue using a rival white-label provider’s platform. DraftKings customers should not experience a notable drop in quality, as both Kambi and SBTech provide superb sportsbook platforms.

Right now you can bet on a wide variety of sports at DraftKings, including football, basketball, baseball, hockey, soccer, tennis, boxing, MMA, motorsports and golf. A fun betting option at DraftKings NJ, that will hopefully be available in New York, is the ability to bet on the NFL draft - a big yearly event that has people talking months before! Other sports featured include Australian Rules football, cricket, cycling darts, handball, rugby league, rugby union, table tennis and volleyball. You can enjoy online sports betting on a wealth of tournaments and leagues from around the world. For example, the basketball section features games taking place in Argentina, Australia, Israel and Lithuania alongside all the action in the NBA, WNBA and college basketball. You will find an impressive range of prop bets available on hundreds of sporting events each week at DraftKings sportsbook.

Favorite Sports Bets at DraftKings

DraftKings sportsbook NY offers a vast range of sports wagering options on big games. These are some of the most common wagers placed by DraftKings sportsbook customers:

Point Spread Bets – This is typically the most common wager on a football or basketball game. Odds compilers will set a point spread to give the supposedly stronger team a handicap, thus evening out the playing field and betting odds. For example, if the bookmakers believe the New York Jets are significantly superior to the Miami Dolphins, you might find the handicap line set at 6.5 points, allowing you to bet on the Jets -6.5 or the Dolphins +6.5. If you bet on the Jets, they must win the game by 7 or more points for your bet to pay off. If you back the Dolphins, they could win the game or lose by up to six points for your bet to succeed.

Total Lines – A prediction on the total points, runs or goals scored by both teams in a particular game. For example, the DraftKings sportsbook total runs line might be set at 8.5 for a game between the Mets and the Marlins, and you can bet on over or under that total. It does not matter which team wins, as you are only interested in the total points.

Moneylines – This is a simple bet on which team will win a game, or which player will win a match. In most sports there are just two outcomes, but in others there are three. For example, if the New York Red Bulls are playing Philadelphia Union, you could bet on the home win, the away win or the draw (tie).

Parlay Bets – This allows sports bettors to roll several selections in a single bet to generate a larger potential payout. For example, you might bet on the Yankees, Giants, Nets and Rangers all to cover the spread on the same weekend. Each team must cover for your bet to succeed, but your payout will be a lot larger than if you had placed four single bets.

Futures Bets – A long-term wager on a future event that is not necessarily dictated by the result of a single game. For example, the Yankees to win the World Series or the Knicks to reach the playoffs.

Prop Bets – DraftKings NY sportsbook offers dozens of exciting prop bets on several games each day. A prop bet is a wager on an event within a game, which does not necessarily impact the final result, such as a safety to be scored in a football game, or James Harden to score over 20.5 points in an NBA game.

Top Features You Will Find at DraftKings

The best online sports betting sites offer several exciting features in a bid to stand out from the crowd. After all, it is a competitive market, and each online sportsbook must work hard to attract new customers and keep them loyal. Our review of DraftKings NY found these features available:

In-Play Live Streaming

The DraftKings sportsbook has a dedicated live betting section featuring hundreds of in-play sporting events that you can wager on. Football, basketball, hockey, soccer, baseball, tennis, table tennis and handball are among the sports featured, and it offers an impressive array of wagering options on even the most niche games. For example, we found dozens of live bets on a random Danish Cup soccer game when conducting this DraftKings NY sportsbook review, including correct scores, Asian handicaps, Asian totals, corners, live props and much more. Basketball fans can choose from 11 different leagues.

DraftKings sportsbook app allows you to live stream several sports games each day courtesy of a partnership with Sportradar. You can watch all the biggest sporting events as they unfold, plus a variety of niche games too. You simply need to log into your account and maintain a wallet balance above $0.00 to enjoy live streaming. If live streaming is unavailable on a particular game, you will receive live scores and play-by-play reports.

Cash Out Option

DraftKings sportsbook in New York gives players the tantalizing option to close out active bets before the outcome is decided. This allows you to lock in a certain level of profit or reduce your potential losses. Cash out is available on various pre-game, live, future and parlay bets at DraftKings sportsbook, and it can be for more or less than your original wagered amount. Simply visit the “My Bet” section of the online sports betting site or mobile betting app and select the yellow “Cash Out” button if you want to cash your wager out early. It helps you secure a profit if you are worried the team you bet on will surrender its lead or cut your losses if you think your team will struggle.

Odds Boost

DraftKings offers plenty of exciting odds boosts each week. For example, the MLB Daily Profit Boost allows you to earn an extra $25 in winnings if your baseball bet is successful. The maximum bet is $50, and the maximum additional winnings will be capped at $100. You can often find 20% profit boosts on big golf and tennis tournaments too, and on big games in the major sports leagues, with maximum additional winnings of $250 or more in some cases.

Same Game Parlay

You can create same game parlays at the New York DraftKings sportsbook by clicking on multiple selections, which will be added to your bet slip. Then click on the parlay tab at the top of the slip, enter the amount you wish to stake, and it will inform you of the potential payout. If certain selections cannot be combined for a same game parlay, an automatic message will inform you that it is not possible. A bet builder tool would be a useful addition at DraftKings and on its app, but the betslip works really well.

How to Register at DraftKings

It is very straightforward to sign up for an online sportsbook DraftKings NY account. Simply click on the “Sign Up” button on the DraftKings sportsbook homepage, and complete four steps. First you must set up your account by choosing a username and password and entering your email address. At this stage, you can enter a DraftKings promo code to claim a deposit match bonus, but this is optional (and not always required to claim the welcome bonus).

The next step requires you to verify your information. You will have to click a link sent to your email address. DraftKings NY sportsbook requires you to prove your identity by entering the last four digits of your Social Security number. You may also be required to upload a scan of government-issued ID, and to verify your location. This is standard practice for licensed, regulated online sportsbook operators, and we did not find anything unusual or unclear when completing the process for this DraftKings review USA.

However, we should point out in this DraftKings bookmaker review that some users have encountered duplication issues. If you have an existing DFS account, it will transfer over to the DraftKings sportsbook. Both accounts will lock if a new account is made with identical information, and the process of removing the lock can be frustrating.

Payment Options

  • American Express
  • Discover
  • MasterCard
  • PayPal
  • VISA
  • VISA Electron

Banking at DraftKings Account

DraftKings is a respected sports betting and DFS operator with a long history of paying customers out in full and on time. It makes the process as convenient as possible for players by providing several different banking options.

Making a Deposit

DraftKings sportsbook provides plenty of deposit options. You can send a direct transfer from your bank account using ACH or an echeck or use your debit or credit card to fund your DraftKings sportsbook account. DraftKings also accepts PayPal and a Play+ prepaid card. You can use PayNearMe at 7-Eleven, Family Dollar and CVS stores, or head to the casino cage and deposit cash at DraftKings’ casino partner in certain states. You also have the option of imposing limits on the amount you can deposit each day, week or month as part of DraftKings’ commitment to responsible gambling. The minimum deposit is typically $10, and the maximum for most new accounts is $2,000, but you can increase it by calling customer service.

Cashing Out Your Winnings

The withdrawal process at the sportsbook DraftKings operates is simple, although the range of options is somewhat limited. You can receive your funds via Play+, electronically via an ACH bank transfer, which typically takes five days, or a mailed check, which can take 14 days to arrive. You can potentially speed up the process by requesting a PayPal withdrawal, but only if you used PayPal to make your deposit and if you are prepared to pay its transaction fees. Another option is to be paid out in cash at the casino cage of an affiliated brick-and-mortar partner.

Daily Contests and Tournaments

DraftKings made its name by offering wildly popular daily contests as a DFS operator. It has paid out more than $5 billion across all sports and hosts 20,000-plus contests per day. DraftKings sportsbook has maintained that tradition by launching several exciting contests and tournaments too. These are some of the contests that have recently been hosted in the sports betting section or sportsbook app at DraftKings:

DraftKings Championship Series – Contests determining champions in sportsbook, casino and DFS, with more than $150 million in prizes up for grabs. Sportsbook tournaments include Championship Series Millionaire Bracket, Football Survivor Pool, Football Pick ’Em National Championship, Sports Betting Fall Championship and Sports Betting National Championship.

$55 Million 4th-Quarter Prediction – A pool that gives users the chance to win huge prizes by answering 10 questions on a particular NFL game. Questions focus on topics such as the team that will score the most points in the 4th quarter, and what will be the last play of the 4th quarter.

$10k UFC Fight Night Pool – A free to play contest that offers players the opportunity to win cash prizes by correctly predicting the winners for each main card fight. DraftKings sportsbook has also hosted an MMA $500k Fantasy Throwdown Special.

DraftKings Loyalty Program

In addition to the exciting DraftKings promo offers, the operator runs a loyalty program that allows you to earn rewards such as free bets and odds boosts. You will accumulate points, known as crowns, by placing bets on sporting events, and the number of crowns you earn each month determines your loyalty tier – bronze, silver, gold, platinum, diamond or black. You can earn DK Dollars, which can be spent in the DK shop or used to enter contests, and profit boost tokens allow you to boost wagers of your choice to receive a higher potential return.

User Experience

The sports betting desktop site at DraftKings NY is user-friendly and easy to navigate. Some users might find it a little cluttered, as DraftKings packs a lot of information onto each page, and it is keen to promote its various bonuses and offers. It would also be nice to see a search function added, as that would speed up the navigation process. However, the design is attractive, there are plenty of helpful shortcuts and you should be able to find the sporting events you are interested in without too much trouble. You might notice that DraftKings New York looks similar to sites such as 888 Sport, as they use the same Kambi platform, but DraftKings has its own color scheme and customized features. It may well have migrated over to SBTech by the time it launches in NY.

DraftKings Mobile Betting App

The DraftKings NY sportsbook app is available on all iOS and Android devices. The interface looks almost identical to the desktop site, and users generally appreciate this level of consistency across the sportsbook. DraftKings really excels when it comes to the accuracy of its geolocators. Rival sportsbook sites and daily fantasy sports operators have had problems with being able to pinpoint the user to ensure he or she is within state lines, but this has never really been a problem with the DraftKings app. The app had an average rating of 4.5 out of 5 on the Google Play Store after more than 80,000 votes, and that is a significantly better score than many rival sportsbook app providers have achieved. We found the graphics to be sharp and the navigation to be smooth when we tested the app on a variety of devices for this DraftKings NY sportsbook review, and we were impressed with the overall mobile app experience.

DraftKings Web Based Platform

The NY DraftKings sports betting app offers excellent convenience, as you can place bets quickly from the palm of your hand. However, if you are sitting at a desktop, you will benefit from an enhanced experience, as the web-based platform is quicker to navigate, easier to read and packs more visible features onto a page. It is also easy to learn more about promotions on the web-based platform, and the banking process is very quick and effective.

Security and Safety Offered By DraftKings

We delved into this operator’s security record while conducting our evaluation of DraftKings’ sportsbook, and we did not find any notable breaches. Its comprehensive security program ensures that confidential consumer information is safeguarded by high-quality SSL encryption software, and it offers points on how to secure your account – select a strong password, change it every few months, never share it with anyone, do not use it on multiple sites, and keep your antivirus software up to date.

Practice Responsible Betting

Players can find a link to the responsible gaming section at the bottom of the page at DraftKings. Clicking on it opens a new window featuring information about the company’s commitment to responsible gambling. The page offers advice on how to bet responsibly and explains the measures you can take to protect yourself, including deposit limits, wagering limits, time limits and self-exclusion. It also links to organizations that can help with problem gambling.

DraftKings Customer Support

DraftKings offers customer support from 6 a.m. to 11:59 p.m. ET daily. You can call a toll-free number or send an email to support@draftkings.com. It is disappointing that such a large brand does not offer 24/7 live chat support, as many of its rivals provide this level of customer service. The customer service can be inconsistent and time-consuming, so this is certainly an area that could be improved. There is an FAQ section, but it could be a little more detailed.

Our Expert Opinion on DraftKings in New York

DraftKings is a trustworthy sportsbook with a reputation for innovative promotions, great contests, valuable odds boosts and a slick mobile app. There are some areas in which it falls short of its rivals, including the inconsistent customer service, the dearth of withdrawal options, and the harsh playthrough requirements on its flagship welcome bonus, but it excels in almost every other department. The user experience is extremely strong, the list of sporting events covered is comprehensive and the odds are appealing.

DraftKings Sportsbook FAQs

DraftKings' online sportsbook is not yet available in New York, as the state has not set a launch date for online sports wagering. However, it is expected to be one of the first operators to go live in New York when the time comes. You can also visit the del Lago Resort & Casino in Waterloo, NY, to play at DraftKings' land-based sportsbook.

The DraftKings online sportsbook is available in New Jersey, Pennsylvania, Indiana, Iowa, New Hampshire, Illinois, West Virginia, Tennessee, Colorado, Virginia and Michigan. DraftKings also has brick and mortar sportsbooks in New York and as few other states.

Many casual bettors ask, is DraftKings good or bad? We would recommend the DraftKings app and desktop-site for casual players, as it has low limits, it is easy to use and it features exciting promotions and contests.

You must be aged 21 or older to bet at the DraftKings sportsbook or use the app. You will have to provide the last four digits of your SSN or upload photo ID to prove your age.

DraftKings is licensed to offer retail sports betting at del Lago Resort & Casino in Waterloo, NY. It is also expected to become the first online sportsbook to go live in New York when the state permits online sports wagering.

DraftKings has a highly rated casino featuring a wide range of slots, table games, live dealer games and much more. It also offers a suite of casino bonuses and promotions for new and existing customers.

The IRS says all gambling winnings to be taxable income, so you will need to report any profits when filing your state and federal tax returns. You should consult with a tax professional if you have any questions.

Contributors

Martin Green

Reviewer since April 2019

Martin Green spent five years working at William Hill before becoming a journalist in 2009. He has a degree in English Literature and he has edited a number of magazines, newspapers and websites during his career. He began working as a sports writer and professional tipster in 2014, and his work has featured in a large number of top publications across the web.

Interests: Online sportsbooks, Online sports betting