Table of Contents


Level: Beginner
Updated: May 20, 2023
3 min read


DraftKings is an American daily fantasy sports contest and sports betting company. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performance. DraftKings was founded in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman. The company is headquartered in Boston, Massachusetts.

DraftKings is one of the two largest daily fantasy sports companies in the United States. The other major player is FanDuel. DraftKings and FanDuel have been involved in a number of legal challenges, as some states have banned daily fantasy sports. However, DraftKings and FanDuel have been successful in overturning these bans in many cases.

In addition to daily fantasy sports, DraftKings also offers sports betting. DraftKings launched its sportsbook in New Jersey in 2018. The company has since expanded its sportsbook to other states, including Pennsylvania, Indiana, and Colorado. DraftKings is also planning to launch its sportsbook in other states, including California and New York.

DraftKings is a major player in the sports betting and daily fantasy sports industries. The company is well-positioned for continued growth in the years to come.

Here are some additional details about DraftKings:

  • The company has over 2 million active users.
  • DraftKings has paid out over $1 billion in prizes.
  • The company is valued at over $10 billion.
  • DraftKings is listed on the Nasdaq stock exchange.

DraftKings Specific Terminology

  • DK Dollars = Site Credit
  • Bonus Bet = Free Bet
  • Crowns = DraftKings Rewards Program

Available Locations

New Jersey
New York
West Virginia

Repeating Signup Offers
(Double Dipping)

  • Separate account per state:
  • Can you repeat the signup offer in each state:
  • Can you do the Refer A Friend (RAF) offer and the sign-up offer:

VIP/Rewards Program

DraftKings is one of the easiest sportsbooks to become a VIP on. Often an email to DraftKings asking what offers are available for a $10,000 deposit or more will get their attention. This often results in a 20%+ first time deposit match and an introductory VIP showcase. The VIP Showcase is three weeks of VIP offers. They are typically released on Thursday afternoons and go through the weekend. Typical offers include a two different "Bet and Gets" and a "Loss Back". Examples would be for every $1,000 you bet, you get $100 in Free Bets as the first Bet and Get. For the second it could be Bet $2,500 and get a 100% profit boost on a $250 bet. The Loss Back will be something like get 15% of your losses up to $1,000 back. All three of these offers are profitable and jsut the beginning of a great VIP program that DraftKings has to offer.

Even if you do not reach out to DraftKings asking to be part of the VIP program you can still be invited based on your weekly bet amount, or handle as it is commonly referred to. They want at least $5,000 a week, but have multiple tiers of VIP all the way up to $25,000 a week in handle. The higher the tier your are the better the rewards.

In addition to the VIP program they also have crowns. Crowns are accumulated based on handle. You accumulate 1 crowns for every $2 wagered on straight and futures bets, and 1 crown for every $1 wagered on parlays and same game parlays. Crowns can be redeemed in the DK marketplace for a variety of items and even DK Dollars (Site Credit).

Example Promotion

DraftKings has a wide variety of promotions that range from Profit Boosts, Qualifying Bets, Deposit Matches and more. Below is an example of a Profit Boost on an NBA game. They have an organized promotions tab that makes them easy to find. Opt-in is often required in order to qualify for the promotion.

DraftKings Profit Boost

Screenshot of a DraftKings Profit Boost.

DarkHorse Odds Profit Boost Bet Finder

Screenshot of the Profit Boost Bet Finder on DarkHorse Odds a DrafKings Profit Boost.

Deposit/Withdraw Methods

Cash At Select Locations
Credit/Debit Card
DK Gift Card
Online Banking (Trustly)
Play+ Prepaid Card
Wire Transfer
ACH (VIP Preferred)