DraftKings NY Sportsbook Promo Code & New York Welcome Bonus

The New York Gaming Commission brought the Empire State another step closer to legalized mobile sports wagering when it issued 9 mobile sports betting licenses on November 8, 2021. As anyone who is familiar with the sports betting scene in the United States expected, DraftKings was one of those operators. New York will be the 16th state to have a DraftKings sportsbook in it.

While no set launch date has been scheduled, New Yorkers can expect to be able to place mobile wagers at DraftKings in early 2022. We don’t know all the details, but we can get a fairly accurate idea by looking at the many DraftKings mobile bookmakers that are currently operating throughout the US. We are very confident in a few things including:

  • DraftKings NY will offer a valuable welcome bonus.
  • DraftKings New York will have a good selection of regular promotions.
  • DraftKings will offer some of the most competitive odds in New York.
  • The bookmaker will cover an extensive range of sports.
  • New York sports bettors will have a variety of payment options to choose from.
  • DraftKings NY will provide excellent customer support.

About DraftKings

DraftKings got a lot of attention when it started offering daily fantasy sports in 2009. As you may recall, this was quite controversial. DraftKings was quick to act in the wake of the SCOTUS’ reversal of PASPA in 2018. DraftKings launched its New Jersey sportsbook soon after and it has now expanded its operations into 16 states. DraftKings can look forward to further expansion as more states legalize mobile sports betting.

Top DraftKings Takeaways for 2021

  • DraftKings offers the widest variety of bets I’ve seen so far from a sportsbook. DraftKings offers betting pools, daily fantasy sports, instant bets, and a Sports Betting National Championship contest in addition to all standard bet types.
  • While DraftKings provides top-notch mobile betting and live betting, I was most impressed by the sportsbook’s pre-game statistics and betting trends. DraftKings is in a class of its own in this category, giving users statistics, injuries, team standings, and betting insights to make informed bets. No other sportsbooks offer the same quality or quantity of useful pre-game information.
  • Bonuses and promotions are abundant at DraftKings. While some of the rollover requirements for new users are higher than average, there are an above-average amount of seasonal promotions for bettors to take advantage of throughout the year.

Bonuses

DraftKings NY is certain to have a bookmaker welcome bonus waiting for new customers in the Empire State. Judging by what they are offering now, it looks like New York sports bettors who open a new account and make their first deposit will be able to claim up to $1,000 in bonus betting cash. At DraftKings in other states, new members receive a 20% deposit bonus up to $1,000. So, you’ll get an extra $200 if you deposit $1,000 or an additional $20 if you deposit $100. You need to deposit $5,000 to claim the maximum $1,000 in bonus cash.

Bonus cash being bonus cash, it will be subject to a few conditions before it can be withdrawn. To convert your bonus funds into real cash, you’ll need to do some real money wagering. For every $25 wagered, DraftKings will release $1. This means you must wager $25,000 on events with minimum odds of -300 to earn the maximum $1,000 bonus. We urge you to do a bit of math before you commit to this bonus offer.

Promotions

Admittedly, DraftKings NY might not provide customers with an overabundance of regular promotions. In fact, it would be fair to say that the selection of ongoing offers is sparse.  However, DraftKings New York should still have some really good ones that are easy to get in on. One of the nice things about DraftKings promotions is that many of them are free to join. DraftKings also has one of the best Refer-a-Friend offers around.

Payment Methods

DraftKings supports an array of secure deposit and withdrawal options. We suggest that you use a single method for depositing and withdrawing as will streamline those transactions. New Yorkers can anticipate having the following deposit options to choose from:

  • Online Banking
  • Major Credit/Debit Card
  • Pre-Paid Gift Cards
  • DraftKings Gift Card
  • PayPal
  • Play+
  • VIP Preferred eCheck
  • Wire Transfer
  • PayNearMe
  • Neteller

DraftKings sets the bar when it comes to withdrawal options. It’s just too bad that they take a little longer to process transactions than many other mobile bookmakers do. Check out the table below for details.

Withdrawal MethodTypical Processing Time
PayPal2-4 Days
Play+ Card1-3 Days
Online Banking3-5 Days
ACH3-5 Days
Wire Withdrawal1-2 Days
Cash at the Cage1 Hour
Neteller2-4 Days

Security & Licenses

DraftKings is licensed and regulated in New York just as it is in every other state it operates in. DraftKings received its mobile sports betting license on November 8, 2021. This means that New York sports bettors can trust DraftKings to treat them fairly and honestly.

New Yorkers can also trust that DraftKings will provide bettors with a safe and secure betting experience. Members and their sensitive details are protected by the latest SSL encryption technology, firewalls, and other layers of security. It’s a good idea to check out the site’s Privacy Policy if you’re interested in finding out how your information is used.

Sports Betting at DraftKings

Buckle up Buckaroo!! DraftKings has a lot of live and pre-match betting options for you. They offer odds on any mainstream sport you can think of as well as small-market sports. Just bear in mind that New York mobile bookmakers are not permitted to offer odds on eSports or specials like politics and entertainment.

The most popular sports at DraftKings include:

Aussie RulesBaseballBasketballBoxing
CricketDartsFootballGolf
HandballHockeyMMAMotorsports
Rugby LeagueRugby UnionSoccerTable Tennis
Tennis   

Finding the event you want to bet on is the easy part. The biggest challenge is sifting through a plethora of betting opportunities to find the most advantageous wagers. Major sports events often have hundreds of pre-match and live betting options on tap. In addition to moneylines, totals, and spreads, you’ll find loads of game props like Team to Score First, Winning Margin, and Exact Score. DraftKings also serves up plenty of alternative spread and totals as well as Half-Time/Full-Time odds.

You can wager on a single selection, put together a parlay, construct a combo bet, or play a teaser. You can even use the Same-Game Parlay feature to create your own custom parlays. The possibilities and nearly endless.

Bets Offered

Plain and simple, DraftKings offers one of the best assortments of bet types. In addition to offering more than 100 total bets on most games, DraftKings offers pool contests and a full suite of daily fantasy sports contests. Pool contests are unique to DraftKings, while DraftKings and FanDuel are the only two sportsbooks to offer daily fantasy sports.

Pool contests: Pool contests are based on predicting winners for multiple events. There are two types: free ones put on by DraftKings, and private ones that users can host with friends. Some of the contests put on by DraftKings have prize pools up to $100,000. These contests are free to enter, and I’ve had a blast participating in them.

Pool contest example: A sample private contest would be picking the spread winners for each NFL game on a Sunday. Each of your friends would throw in a set amount of money (host chooses), and cash is paid out to the top three people. The ability to host a contest like this with your friends is something I’ve wanted to do for years, and I look forward to doing it once DraftKings is live in Michigan. The feature currently is available only in a limited number of states.

Other bet types: Like most of the industry, DraftKings offers the cash-out feature, as well as daily odds boosts. The cash-out feature allows you to close out your active bets before each game’s outcome is decided. At the same time, odds boosts act like a retail store sale, offering more incentive to make each bet. For example, DraftKings might increase the odds of James Harden scoring 42 points in a game from +150 to +210.

DraftKings offers good odds on NHL moneyline bets and NFL moneyline bets. For comparison, if average NFL moneyline odds on a team are +130 at other sports betting sites, DraftKings might offer odds at +140. In this example, every dollar wagered would return $1.40 at DraftKings versus $1.30 at other sites.

DraftKings offers below-average odds on NHL total bets, NBA total bets, NBA spread bets, NFL total bets, NCAAF moneyline bets, and NFL spread bets. For comparison, if average NHL total odds on a team are -110 at other sports betting sites, DraftKings might offer odds at -115. In this example, every dollar wagered would return $.87 at DraftKings versus $.91 at other sites.

ODDS

FeatureDraftKings Sportsbook
NFL MoneylineBest
NFL SpreadBelow Average
NFL TotalBelow Average
NBA MoneylineAverage
NBA SpreadBelow Average
NBA TotalBelow Average
NCAAF MoneylineBelow Average
NCAAB MoneylineAverage
Soccer MoneylineAverage
NHL MoneylineBest
NHL SpreadAverage
NHL TotalBelow Average

Live Betting

Live betting, or betting on games that have already started, is an area where DraftKings holds its own with the best. Like other top sportsbooks, DraftKings offers prop bets, instant bets, a live match tracker, and live scores.

Prop bets: DraftKings offers a ton of in-play bets and prop bets. An example of a prop bet is: “How many strikeouts will Justin Verlander throw?” An example of a live prop bet is: “Will Manchester United or Liverpool score in the next five minutes?”

Instant bets: Examples of instant betting include betting on the next swing of a tennis match or the next drive of a football game. DraftKings goes toe-to-toe with the best live betting sportsbooks, offering instant bets on tennis points and “next drive results” or “next play run/pass” on NFL games.

Live match tracker: A live match tracker is an animated graphic that updates in real time as you are watching a game. A match tracker has a live clock, displays the score by quarter, and even shows which team is attacking. For NFL games, the match tracker also lists the last play, the total plays and yards on the drive, and the down and distance. DraftKing’s live match tracker for NFL games displays a virtual NFL field, an upgrade compared to competitors that I enjoyed.

Live streaming: The only feature DraftKings does not offer is live streaming, which allows you to stream games live in the app. Live streaming, currently offered by a select few sportsbooks, such as BetRivers and FanDuel, is currently limited to tennis and soccer games.

Draftkings Sportsbook App

There is a lot to like about the DraftKings Sportsbook mobile app, which I found to be one of the most complete online sports betting apps.

Likes: DraftKings makes it easy to place bets, view different games and leagues, and look up statistics. Furthermore, viewing all the bets offered on a particular game is seamless. Checking open and settled bets is also easy, whereas some other competitors make navigation complicated. DraftKings also includes a button to switch over to the Daily Fantasy Sports app quickly.

Dislikes: Educational content is displayed under account settings, making it difficult to find for beginners.

Statistics: If you value betting trends and quirky statistics, DraftKings has your number. Powered by iSport Genius, DraftKings simultaneously provides the most plentiful and highest quality pregame statistics of any sportsbook I’ve tested. Betting insights, stats, trends, and more are colorfully displayed throughout the DraftKings app for most leagues and games.

Pregame stats: Game previews include a betting preview, betting trends, team standings, stats about each team, and injury information. The betting preview offers each team’s performance over the last few games as well as fun facts such as “Each of the Rams’ last six games have gone under the total points line.”

Pregame betting trends: Meanwhile, betting trends include information such as how the betting line (spread) has moved for each team. Stats include details such as how often each team covers the spread or how well each team plays when leading at half-time. There’s a lot to like.

DraftKings Customer Service

Do you have a question or need assistance with anything? If so, New Yorkers will have DraftKings customer service reps at their fingertips 24/7. While you can usually find the answers and solutions in DraftKings’ FAQ section, you can immediately get in touch with a customer service agent by using the live chat feature. Those who aren’t in a rush can simply send an email or fill out a contact form. It would be nice if DraftKings NY offered telephone support. We’ll have to wait and see.

Final Thoughts

DraftKings had already earned a good reputation before sports betting was legalized. However, the brand is now just as recognizable as some of the other industry giants. Being licensed and regulated in so many states is a testament to how much the DraftKings name is respected.

New Yorkers can expect DraftKings to offer competitive odds on a huge selection of sports. They should also have access to helpful features like Cash Out and Enhance Odds. There’s even a good chance that DraftKings will offer a live streaming service. This bookmaker is sure to attract countless New York sports betting enthusiasts. However, many sports bettors hope that the NY site comes up with a better welcome bonus and more promotions.