Draftkings Payout Reviews

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Draftkings Payout Reviews 8,7/10 2968 reviews

Everyone knows DraftKings DFS, but by now, DraftKings Sportsbook should be a household name. Available in eight states and counting, DraftKings is one of America’s top online sportsbooks. On top of their excellent mobile betting app, new users can get a deposit bonus up to $1,000 at registration ! The DraftKings Promo Code can help you take advantage of these great welcome offers !

  • Trusted DraftKings review 2021. Including ratings, bonus offers, payout speed, betting lines and more. Find the best sportsbook for you!
  • DraftKings has a number of information links offering statistical information and advice. This important part of sports betting is interwoven into an outstanding website and mobile app setup. DraftKings transitions well from PC to mobile with both focused on being user-friendly. Bonus Package – The DraftKings sportsbook wants new customers.

DraftKings Casino has quickly risen to fame and became one of the best online casinos in NJ, PA and now WV. Even though it is still a small part of the sportsbook, it’s only a matter of time before it stands on its own. Continue reading this DraftKings Casino review to learn more about the DraftKings Casino welcome offer and get started playing online slots, blackjack, poker and much more in the live casino!

Draftkings launched in Indiana in October 2019 with its highly regarded mobile sports betting app. Indiana is the third state to get access to the DraftKings online sportsbook platform. Sports fans in the Hoosier state can now bet on their favorite professional sports team. A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.


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Overall DraftKings Rating
DraftKings Welcome Offer
DraftKings Licensing / Safety
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Contents

DraftKings Sportsbook Welcome Offer


Get a Deposit Bonus up to $1,000
VI Rating: 4.5

With the DraftKings Sportsbook welcome offer you can get a bonus amount equal to 20% of your first deposit up to $1,000!

DraftKings Sportsbook Welcome OfferClaim My Bonus
Minimum Deposit$5
Welcome OfferGet a Deposit Bonus up to $1000
T&C's Apply, 21+, Only in NJ/CO/IN/WV/PA/IL/IA/TN/MI/VA
Restrictions21+, must be physically in NJ, PA, IL, WV, IN, CO, IA, MI, TN, VA
DraftKings Sportsbook AppiOS & Android
Last VerifiedFebruary 1, 2021

Terms & Conditions

21+. NJ/CO/IN/WV/PA/IL/IA/TN only. A customer's first deposit (min. $5) qualifies the user to receive up to $1,000 in bonus funds in the form of site credits that can only be used on DraftKings. Bonus amount is equal to 20% of that deposit amount, not to exceed $1,000 (the customer must deposit $5,000 to be eligible to receive the maximum possible bonus amount of $1,000). Bonus funds will be awarded to the user according to the following play-through requirement: for every $25 played on DraftKings in DFS/Sportsbook/Casino, the user will receive $1 in bonus funds released into their customer account (e.g., a $5,000 deposit requires a customer to play through a cumulative total of $25,000 in daily fantasy contests, sportsbook (-300 odds or longer), casino products, or any combination thereof to receive the maximum possible bonus amount of $1,000). The play-through requirement must be met 90 days from the date of first deposit to receive maximum bonus. After such date, you are ineligible to earn any additional bonus funds as part of this promotion. Customers who previously made a deposit on DraftKings are ineligible for this promotion. Limit one (1) deposit bonus per user. Promo ends 1/31/21.

Disclaimer: If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) (IL). Call 1-800-GAMBLER (NJ/WV/PA), 1-800-9-WITH-IT (IN), 1-800-522-4700 (CO), 1-800-BETS OFF (IA), or TN REDLINE: 800-889-9789 (TN). 21+. NJ/PA/WV/IN/IA/CO/IL/TN only. Deposit bonus requires 25x play-thru. Deposit bonus issued as site credits. In partnership with Meadows Racetrack & Casino. Eligibility restrictions apply.

T&Cs Apply, 21+, only in NJ/CO/IN/WV/PA/IL/MI/IA/TN/VA

What States Can You Bet Online with DraftKings?

DraftKings Illinois (IL)

Well, Illinois might just win US sports betting's craziest roll-out. First, the Land of Lincoln legalized betting in 2020. This came with a 'bad actor clause' that excluded DraftKings and FanDuel from joining IL online sports betting for eighteen months, due to their previous DFS activities. This meant betting fans in Illinois had to complete their registration in-person – at the one operating sportsbook, BetRivers (via Rivers Casino Des Plaines).

Then, in June, Gov. Pritzker dropped the in-person requirement, leading to a surge of bettors signing up in IL. Unfortunately, that provision was short-lived, and in-person signup became the norm again. But, no longer!

Once again, Illinoisans can sign up and bet online without stepping foot in a casino! Plus, as we've just said, DraftKings IL has now entered the fray. Download the DraftKings at Casino Queen Sportsbook app today to bet anywhere in Illinois.

DraftKings Colorado (CO)

The latest news out of the Centennial State is that DraftKings – along with three other Colorado online sportsbooks – launched on May 1st, 2020. Finally, sports bettors in Colorado can join in the fun with one of America's leading sportsbooks.

Plus, just like in the other states DraftKings Sportsbook is available, DraftKings Colorado offers a $1,000 deposit offer!

DraftKings Indiana (IN)

Draftkings launched in Indiana in October 2019 with its highly regarded mobile sports betting app. Indiana is the third state to get access to the DraftKings online sportsbook platform. Sports fans in the Hoosier state can now bet on their favorite professional sports team.

DraftKings West Virginia (WV)

DraftKings now has its popular online sportsbook up and running in the Mountain State. The DraftKings WV app launched in August 2019 just in time for the start of the NFL season. The app uses technology to ensure that users are in WV when they make a wager. DraftKings already offers a mobile app for sports betting in New Jersey and the mobile experience for West Virginians will look and feel identical for users.

DraftKings Pennsylvania (PA)

DraftKings launched its highly coveted mobile sports betting app in Pennsylvania in November 2019. Arriving during the 2019 NFL season and the start of the NBA season, Pennsylvania fans can now take advantage of special in-app features like in-game live betting, odds boosts, props and futures. The expected demand for the DraftKing app in PA is huge because of the popular teams like the Pittsburgh Stealers and the Philadelphia Eagles.

DraftKings New Jersey (NJ)

As of August 2018, DraftKings NJ began its online sports betting operations in New Jersey. New Jersey residents now have access to a full armada of tools that come inside the DraftKings apps including in-game betting. In the first half of 2018, DraftKings NJ announced a partnership the del Lago Resort & Casino in Waterloo to provide a physical sportsbook. In January 2020, DraftKings announced another new partnership with Scientific games that will give DraftKing customers access to the entire library of Scientific games.

DraftKings Iowa (IA)

The latest state in DraftKings' sports betting lineup, DraftKings Iowa offers everyone in the Hawkeye State top-notch online sports betting. Iowans get the same competitive odds on favorite sports like pro football and college basketball. Likewise, snag the up to $1,000 deposit bonus offer when you register a new account at DraftKings Iowa.

DraftKings New Hampshire (NH)

In New Hampshire, DraftKings managed something of a coup for the sports betting world. Bettors in the Granite State will find their only online sports betting option is to go with DraftKings NH. This is thanks to an agreement between the state regulatory body and DraftKings, which gives the online sportsbook a monopoly in the state. That's because DraftKings Sportsbook agreed to pay 51% tax on their revenue, so DraftKings NH is likely going to be a boon for NH public works like education.

That said, New Hampshirites will have to settle for a smaller welcome offer as a result. Snag a $25 risk-free bet when you sign up in New Hampshire at DraftKings.

DraftKings Tennessee (TN)

Online sports betting in Tennessee went live on November 1, 2020. State law allows wagering on sports events via the internet and mobile devices, but bettors must be 21 years or older and be physically located in the state of Tennessee at the time the bet is placed. The Tennessee Lottery is the agency in charge of regulating sports betting in the state. Four sports betting apps launched in Tennessee at the same time on November 1, 2020. Those four sports betting apps are DraftKings, FanDuel, BetMGM and Tennessee Action 247. DraftKings Tennessee will have many excellent offers in the future to get people in TN excited about DraftKings.


T&C's Apply, 21+, Only in NJ/CO/IN/WV/MI/PA/IL/IA/TN
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DraftKings Michigan (MI)

DraftKings Michigan is the next platform to join the DraftKings lineup and since November 12, 2020 was in pre-launch for both DraftKings Sportsbook and DraftKings Casino and is now live. Users who sign up for the newest DraftKings state early will be rewarded. Eligible users who complete the full DraftKings Sportsbook/Casino registration process & opt-in upon sign up will be awarded up to $1,000 Deposit Bonus. This offer is only available to customers who sign up for a DraftKings Sportsbook and/or DraftKings Casino account in the State of Michigan. Both DK Dollars and Free Credits have a one-time play through requirement before you can withdraw them from your account. Keep in mind this promo ends when DraftKings Sportsbook/Casino is live in Michigan.

DraftKings Virginia (VA)

Online Sports Betting was legalized in Virginia in January 2021 and Draftkings was one of the first 2 sportsbooks to go live in Virginia


T&Cs Apply, 21+, only in MI

Other DraftKings Sportsbook Offers

Take a look at the promotions section after you’ve downloaded DraftKings. You’ll notice that, in addition to your two welcome offers, there are promotions and boosted bets for all kinds of games. Take advantage of the DraftKings My Rewards section for extra bonuses and cashback rewards!


T&C's Apply, 21+, Only in NJ/CO/IN/WV/PA/IL/MI/IA/VA/TN

Draftkings Payout Reviews 2020


How to Sign Up at DraftKings Sportsbook

Signup is really easy with the DraftKings Sportsbook app. By downloading the DraftKings app on your smartphone or web browser and click or tap “Sign Up”!


T&C's Apply, 21+, Only in NJ/CO/IN/WV/MI/PA/IL/IA/VA/TN

You’ll need a few things before you begin – all betting websites require proof of age and location. Don’t worry – all of our reviewed sportsbooks including DraftKings are verified by state gambling departments as being secure and legal.

To prove your age, DraftKings may ask for part or all of your social security number. This is a state-based requirement and is totally secure. In addition, you’ll have to enable Location Services on the DraftKings sportsbook app or download a GeoComply plugin to make sure you’re only playing in an approved state.


T&C's Apply, 21+, Only in NJ/CO/IN/WV/MI/PA/IL/IA/VA/TN

DraftKings Casino

An interesting addition to this sportsbook is a DraftKings Casino section. Play casino favorites right alongside placing your sports bets, all from the same app!

DraftKings Casino boasts table games and popular online casino games, including a surprising selection of slots. Plus, funds are taken from the same account, so you don’t have to create a second account to play DraftKings casino games.


Up to $500 deposit bonus and $100 in FREE BlackJack credits
VI Rating: 4.5

If you’re looking to educate yourself on casino games, try playing some free-to-play versions of games like three card poker, baccarat, and others. You can demo all of the games on DraftKings for play money without signing up for an account, which we highly recommend for newer players.

Once you’ve got your chops, you can even download DraftKings and play Live Dealer games! Live Dealer casino games are a new variant in the world of online betting. Play your favorite table games (including Texas Hold’em and Roulette) with a live croupier or dealer for real money!

Make sure to check the promotions page on the regular – not only are sports promotions offered, but you can also find bonuses that are casino specific. It’s always a good idea to be looking out for new promotions!

DraftKings Casino OfferVisit DraftKings Casino
Signup OfferUp to $500 deposit bonus and $100 in FREE BlackJack credits
Welcome OfferDeposit Match up to $500
Minimum Deposit$5
DraftKings Casino AppiOS & Android
Available StatesNJ/PA/WV only
Age Restrictions21+
Last VerifiedJanuary 1, 2021

T&C's Apply, 21+, Only in NJ/PA/WV

Terms & Conditions

*Players must be 21+ and physically located in the States of New Jersey, West Virginia or Pennsylvania. Risk Free is defined as up to $500 dollars in Net Loss. Offer available on DraftKings Sportsbook Online only. To qualify, players must be previously non-casino players, place qualifying wagers from their available cash balance on casino games, and have a Total Net Loss in wagers less winnings at the end of their first 24 hours of casino play of $1 or more. Qualifying players will be calculated in total at the end of each day. Eligible users will be credited their DK Dollars the next business day after the end of the promotion period, or in the event of technical difficulties, within 3 business days. Max payout of $500 DK Dollars. Limited one (1) offer per player. DK Dollars have a one-time play through requirement before you can withdraw them from your account. DraftKings.com reserves the right to change or cancel this promotion in its entirety at any time or exclude any individual(s) from participation, if it determines at its sole discretion there are any irregularities or abuses occurring in connection with the promotion. If you have any questions, please contact sportsbook@draftkings.com. **21+. NJ Only. Bonus comprised of a deposit bonus and a first bet match, each up to $500. A user’s first deposit (min. $5) qualifies the user to receive up to $500 in bonus funds in the form of site credits that can only be used on DraftKings. Bonus amount is equal to 20% of that deposit amount, not to exceed $500 (the user must deposit $2,500 to be eligible to receive the maximum possible bonus amount of $500). Bonus funds will be awarded to the user according to the following play-through requirement: for every $25 played on DraftKings in DFS/Sportsbook/Casino, the user will receive $1 in bonus funds released into their player account (e.g., a $2,500 deposit requires a user 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). The play-through requirement must be met 90 days from the date of first deposit to receive maximum bonus. After such date, you are ineligible to earn any additional bonus funds as part of this promotion. User must not have made any deposit on any DraftKings products to be eligible for this deposit bonus. Limit one (1) deposit bonus per user.


How to Bet with DraftKings

Betting with DraftKings is simple. You have a huge variety of bet types to choose from – just pull down the My Bets tab or take a look at your BetSlip. When you’re ready to place your first bet, just navigate to the market that you’d like to bet on, or head over to the Flash Bets section to place a quick bet as the action happens!


T&C's Apply, 21+, Only in NJ/CO/IN/WV/MI/PA/IL/IA/TN/VA

Betting Markets

There’s a great variety of betting markets available with the DraftKings sportsbook app. Whether you’re looking for professional or collegiate level sports, you’re in luck. Download DraftKings today to bet on everything from baseball playoffs to the basketball championship.

You’re even able to bet on casino games and live dealer games at the DraftKings casino! We’ll dive into that a little bit later in the article, but it’s an interesting addition to an online sportsbook that we haven’t seen before.

List of Sports

The DraftKings sportsbook app is a great place for bettors to add some excitement to their sports watching experience. Whether you’re a fan of American sports or are looking for something with a bit of international flavor, you’ll find something for you.

There’s a great selection of available sports:

  • Professional Football
  • College Football
  • Professional Basketball
  • College Basketball
  • Hockey
  • Golf
  • MMA
  • Motorsports
  • Rugby
  • Australian Rules Football
  • Cycling
  • Tennis

This is not a complete list, so check with the DraftKings sportsbook for a full list of all available betting markets. Still, you can probably tell from this list that you won’t be disappointed with the variety.


Betting with DraftKings App

Betting with the DraftKings app is very straightforward. If you download DraftKings today, you’ll be able to take advantage of some pretty sizeable welcome bonuses, so don’t forget to do so before you make your first deposit and start betting.

Coming from the world of fantasy sports, the DraftKings sportsbook is perfectly tailored for beginning and intermediate bettors. If you’re used to the casual feel of fantasy betting but also have an appetite for stats, DraftKings is for you.

The DraftKings Sportsbook boasts a well-streamlined and highly-reviewed app. You’ll be able to place all your standard sports bets, in addition to cross-sport parlays, player prop bets (where you can bet on the in-game performance of your favorite MVP) and more.

With Flash Bets, an innovative type of live betting, you can bet on in-game events live from your smartphone! The app’s display will show the field or court and update points as the game progresses – it’s the most modern-feeling betting experience we have had in a while.

Flash Bets allow you to bet in-between points and in real-time, and you’ll get your payout right when the match finishes! Flash Bets and player prop bets are available, so not only can you bet on outcomes, you can bet on in-game happenings for even more excitement!

With easy to read markets and a clear interface, this app is a must-have for beginner and intermediate bettors looking to expand their betting palate. Download DraftKings today to bet on your favorite events in a wide variety of different ways.

How to Download the DraftKings App for iOS

Getting the DraftKings sportsbook app is simple on iOS products. Just get on your iPhone or other Apple device, make sure it’s updated, and go to the DraftKings landing page! The DraftKings Sportsbook app works well across most iOS devices and is a great addition to any sports bettor’s homescreen. Below, follow the step-by-step guide.

  1. On your iOS device, click here to visit the DraftKings website
  2. On the DraftKings site, click the green “Claim Now” button to register
  3. Then, choose a username and password, and enter your email
  4. Also, read the terms and conditions and, if you agree, check the box to agree, then click Next
  5. Next, fill out the registration form, including bank details and SSN
  6. Then, make your first deposit of at least $5 to get your risk-free bet up to $500
  7. Now that you’re set, find the “download for iOS” button on the DraftKings site and tap it to begin the installation

How to Download the DraftKings Android App

Getting the app on your Android device is a bit more complicated. Google Play does not allow for any real-money gambling apps to be offered on the site, so you’ll need to head over to the DraftKings website and download the Android app from there.

After tapping “Download for Android”, your device will download the .APK file that installs the DraftKings sportsbook app on your Android device. Make sure you have installed all relevant updates, and don’t forget to “Allow installations from unknown sources” when prompted. Then, open up the app and enjoy! In sum, check out the steps below.

  1. On your Android device, click here to visit the DraftKings website
  2. Before downloading, click the green “Claim Now” button to register
  3. Then, create a username and password, and input your email
  4. Likewise, review the terms and conditions and, if you agree, check the box then click Next
  5. Next, fill out the registration form, including bank details and SSN
  6. Then, make your first deposit to get your deposit match bonus
  7. Now that you’re set up, find the “download for Android” button on the DraftKings site and tap it to begin the installation
  8. Make sure to allow downloads from “unknown sources” on your Android device
  9. Finally, place your first bet to snag a first bet match up to $200!

T&Cs Apply, 21+, only in NJ/CO/VA/IN/WV/PA/MI/IL/IA/TN

Payment Methods

You’ll have a decent variety of available payment and withdrawal methods once you’ve started your DraftKings sportsbook account. While there’s not as much variety in payment options as there is in other states, DraftKings supports cash at the cage, check, card, and even PayPal.

A special note: make sure you’re withdrawing at the beginning of the business week, and be patient. Withdrawals can be slow in the world of online, real-money gambling. Your funds can take up to a week to show up in your account or in your mailbox.

Deposits

  • Cash at the cage
  • Credit card
  • Debit card
  • Check
  • PayPal

Withdrawals

  • ACH transfer
  • Check
  • PayPal
  • Cash at the Cage

Please remember to note that withdrawals take time with all sports betting platforms. This is an industry-wide issue, one that’s not unique to DraftKings.


DraftKings Casino Games

Even though this online casino has started with just a few games available, that number has significantly changed. Now, you have multiple types of casino games at your disposal. In the following paragraphs, we’ll list the casino games you can find if you visit this online casino platform.

If you want to ramp up the excitement and feel the thrill of being in a real casino, you can choose live dealer games. Keep on reading to find out which games you can play live.

Casino Games Available at DraftKings

Below is a list of online casino games at DraftKings Casino, available online in New Jersey. Since there is no need to download separate DraftKings Casino software to access the games, simply visit the website on mobile devices or desktops to start playing with real money.

  • Poker
  • BlackJack
  • Slots
  • Roulette
  • Jacks or Better
  • Video Poker

Live dealer online poker games include the most popular ones you can also find in a retail casino:

  • Roulette live
  • Texas Hold’em
  • Blackjack live
  • Baccarat live
  • Three Card Poker live

It’s up to you to choose which live casino games you want to try out. You can always go with something familiar, or you can opt for something completely new. We are still waiting to see if a separate DraftKings Casino app will launch. However, we’re sure you’ll have the same game offer as you do now on the website.

How to Sign Up at DraftKings Casino

Below, read the simple process of signing up at DraftKings Casino. It’s simple and straightforward. All you have to do is the following:

  1. Go to the DraftKings website and click on the “Sign Up” button.
  2. Fill out the form with all required information and tick the boxes that require your consent.
  3. Once you’ve entered all the info, you can proceed to make your initial deposit.
  4. Afterward, you can start playing your preferred casino games.

Customer Support

At DraftKings right now, you can email, request a phone call, use the online chat, or snail mail the company for support information.

The Help section on DraftKings could be expanded as well. There are only five sections under the Help subheader, and it took a bit of clicking to find more in-depth information about betting and legality.

With all that being said, the DraftKings sportsbook does have a great knowledge base for beginner bettors. You’ll have video sessions on how to bet taught by none other than Charles Barkley. You’ll have access to a handful of sports betting guides and other info relevant for new bettors.

Simply put, DraftKings is a fantastic resource for learning about sports betting but doesn’t give as much up-front info as we’d like about the behind-the-scenes. It was difficult to find all of the information we needed to resolve customer service claims, and so, were forced to wait for the customer service team to respond via email.

We’d also like to see more customer support options offered – a sportsbook without Live Chat or phone support options is rare in the modern gambling industry. Still, our claims were usually responded to and resolved in a prompt and courteous fashion.


DraftKings FAQ

In what states can I bet on sports using the DraftKings sportsbook?

Bet with DraftKings in Illinois, Indiana, New Jersey, Pennsylvania, Colorado, West Virginia, Iowa, Virginia and New Hampshire. DraftKings Michigan is in pre-launch for both DraftKings Sportsbook and DraftKings Casino. Note: New Jersey players will not be allowed to bet on collegiate sporting events that take place in New Jersey or are played by NJ college teams due to state law.

How can I get in touch with customer service?

At the moment, you can get in touch with customer service via email (either by submitting a form through the website or emailing them directly), by call, online chat, or by snail mail. Unfortunately, DraftKings does not resolve customer claims by email, nor do they have 24/7 Live Chat support. We’re hoping to see those added in the near future.

Draftkings payout reviews 2019

What betting markets are available with DraftKings?

You have a wide variety of available betting markets and sports. Professional and collegiate sports are available, in addition to a wide variety of American and international sports, motorsports, combat sports like MMA and boxing, and more. (Remember – New Jersey bettors cannot bet on college events taking place in NJ.)

Is DraftKings Casino legit?

Absolutely. DraftKings Casino is 100 percent legal for bettors 21+ and in the states of New Jersey, Pennsylvania or West Virginia. Enjoy!

Are there any restrictions on signing up for a new DraftKings Casino account?

In order to register a new player account at DraftKings, you need to be older than 21 and located within the states of New Jersey, Pennsylvania or West Virginia. You can open a new account only if you’ve never had one at DraftKings before.

What can I do if I can’t open the DraftKings online account?

In case that happens, you should visit the FAQ section that’s always available. If you don’t find it helpful, you can turn to the customer service and get in touch with them. Surely, they will be able to help you.


DraftKings Review Conclusion

If you’re looking for an innovative app offering decent odds and a modern interface, download DraftKings today! As with any review, we’ve noted some pros and cons that we feel we should pass on to new users making informed choices about where to spend their money.

It’s nice to get $500 extra in your account but also don't forget about the 100-1 odds for NFL Week 4 only! Most modern sportsbooks are able to offer a 100% deposit bonuses so this DraftKings sports betting opportunity is rare.

Draftkings Payout Reviews 2019

DraftKings offers more betting options than nearly any site we’ve seen. Not only can you do cross-sport parlays and player props, but the Flash Bets offered only by DraftKings are innovative and exciting.

Any modern betting experienced is enhanced by adding real-time play. With Flash Bets on the sports side, you have more options than ever to play live games and get in the action.

Overall, DraftKings has some minor issues with customer care and deposit bonuses that could be remedied relatively quickly. What the app does, it does very well – expect an engaging and fun experience every time you pick up the app.


T&Cs Apply, 21+, only in NJ/CO/IN/WV/PA/MI/IL/IA/VA/TN

Download DraftKings today, and don’t forget to take advantage of risk-free bets, deposit bonuses, and extra rewards. Check back with us for more updates on the world of sports betting, and have fun!

If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) (IL). Gambling problem? Call 1-800-GAMBLER (NJ/WV/PA), 1-800-9-WITH-IT (IN), 1-800-522-4700 (CO/NH), 1-800-BETS OFF (IA), or call or text the TN REDLINE: 800-889-9789 (TN). 21+. NJ/PA/WV/IN/IA/CO/NH/IL/MI/VA/TN only. Min. $5 deposit required. Deposit bonus requires 25x play-thru. Deposit bonus issued as site credits. Deposit bonus N/A in NH. See draftkings.com/sportsbook for details.

Other great sportsbooks where you can place an online sports bet:

bet365 BetMGM BetRivers FanDuel FoxBet PointsBet William Hill

A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.

In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.

The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).