DraftKings Sportsbook Review

Draftkings Sportsbook

Disclaimer: DraftKings will launch their sportsbook in Michigan this year. This review is speculative based on the DraftKings Sportsbook in other US states, and we will update this review once the sportsbook is live.

Top daily fantasy sports brand DraftKings is already leading the market as online gambling and especially online sports betting roll out in states across the US. In Michigan, it offers sports fans a safe, legal, and easy-to-use place to start sports betting.

It is a top sports betting site because it offers excellent software for desktop and mobile devices, excellent promotions, including a valuable new player bonus offer worth up to $1,025, and an array of sports bets that meets the demanding needs of Michigan customers.

Depositing and withdrawing your cash couldn’t be easier. DraftKings Michigan offers options suitable for everyone, from credit and debit cards and online bank transfers to cash transactions at hundreds of state locations. DraftKings is partnered with the Bay Mills Indian Community, which runs the Bay Mills Resort & Casinos in Brimley on the shoreline of Lake Michigan.

Why Choose DraftKings?
  • $25 free just for joining.
  • 20% first deposit bonus up to $500.
  • $500 free bet for new customers.
  • Trusted US brand with US sports betting focus.

DraftKings sportsbook bonus

Michigan is a competitive market for online sports betting operators. They all want your betting action, and they are prepared to pay upfront for your business. DraftKings offers new customers a three-pronged bonus promotion that ensures you benefit whether you are a sports fan looking to bet a few dollars on your home team or an avid sports betting enthusiast.

$25 in free bets

When you register with DraftKings, even before you make a deposit, you are entitled to make five free bets each worth $5.

Risk-free bet up to $500

As a new customer, your first bet at DraftKings is important. DraftKings will match the amount of your first bet with a free bet of up to $500. If you win, you keep the winnings; if you lose, no money is taken from your account. You must use this free bet within 30 days of making your first bet, and the odds on the bet must be -300 or better.

This is a remarkably generous offer, so it comes with a small catch. The winnings on your free bet are paid as site credit. That means you can’t cash them out, but must use the credit to make further wagers. You can then withdraw any money you win using the credits.

First deposit bonus up to $500

The third element of the new customer benefit package is a 20% match bonus up to $500. Whatever the amount of your first deposit, you will receive a bonus worth a fifth of that deposit up to a maximum of $500. If you deposit $2,500, you will receive the full $500 bonus.

The bonus has a 25-to-1 playthrough requirement. This means you must wager 25 times the bonus amount to receive it. You have 90 days to clear the bonus. This isn’t the most generous deposit match bonus in the industry, but taken together with the other two new customer promotions, it adds up to one of the best incentive packages available in Michigan.

New online sportsbooks are prepared to spend a lot of money to acquire customers in this new market. Take advantage of these promotions and make sure you are the one they spend their money on.

DRAFTKINGS SPORTSBOOK PROMO CODE 2020

Online SportsbookDraftkings Sportsbook Michigan
Promo CodeNone - Use Links
New customer deposit bonus 20% up to $500
No Deposit Bonus$25 in 5x $5 bets
Risk Free BetUp to $500
Partner CasinoMotorCity Casino Hotel, Detroit
Last updatedSeptember 2020

DraftKings Sportsbook 2020 promos

DraftKings Sportsbook offers a plethora of promotions and odds boost offers in 2020, and beyond. Here are some examples of promotions that have been running this year:

  • NBA 110+ Point Insurance: If your team scores 110 points in a loss, you can get your bet back up to $25.
  • No Goals, No Problem: This English Premier soccer promotion gives you your bet back (up to $25) if a game ends in a 0-0 tie.
  • Parlay insurance: Bet a parlay with five or more legs on any sport, and you’ll get your bet back (up to $25) if you miss just one. However, each leg must have minimum odds of -300.
  • Refer-a-friend offer: Refer friends to DraftKings Sportsbook, and you could both earn up to $100 in free bets.

There are also regular promotions including daily odds boosts, deposit bonuses, and Sportsbook Missions you can take advantage of at DraftKings Sportsbook.

Signing up for a new DraftKings account in Michigan

In the state-regulated sports betting market in Michigan, the registration process is driven by the regulator. You must provide enough information to ensure that your identity is verified and that you are not under age. You have to be 21 or older to place online sports bets in the state.

First follow the links here to go to the registration page. Then enter your basic details:

  • Name
  • Address and zip code
  • Date of birth
  • Phone number
  • Email address
  • Social Security number (last four digits)

Don’t forget to enter the promo code listed above.

As the market leader in daily fantasy sports, DraftKings offers an abbreviated registration process for existing customers. On the registration form, you will see a link to “register with your DraftKings account.” This takes you to an alternative registration form where you use your existing DraftKings username and password.

A prompt asks you for permission to send your DFS account information to be transferred to your new sportsbook account. After clicking “Yes, send my information,” you add any additional personal details necessary to comply with sportsbook regulations. And that’s it, you are now set to start sports betting.

To place your bets, you must be physically located within the state borders. The company uses sophisticated geolocation software to make sure it can legally accept your bets.

Other DraftKings promotions and bonus offers

Sports betting promotions are the marketing money that operators spend to retain customers. Keep a lookout for new promotions, and take advantage of those that are most suited to your betting.

Every day DraftKings offers odds boosts on specific bet types for specific events. These give you much better odds than are available at other books, so if you win, you win more money.

Unique to DraftKings are DraftKings Pools. These take the form of competitions where you pay a small amount to enter your bets for the day. If you get all your picks right, you win a valuable prize. There are runner-up prizes on offer even if you get your first, second, and third picks wrong.

Parlay insurance is regularly available. This pays off if you miss winning a parlay bet when one of your picks loses. In a similar way, overtime insurance provides protection if you lose your bet in overtime.

Offers change week to week, so check the promotions page regularly.

DraftKings VIP rewards

Some operators offer a VIP rewards program to encourage betting. DraftKings does not have one in place at the moment, but this could change.

During the summer of 2019, DraftKings tested a program for a trial period. Bets earned points, and points led to prizes. The prizes were in the form of free bets or entries to DFS contests.

If this program does come back, it will probably be in a slightly different format.

Is DraftKings legal in Michigan?

Yes, DraftKings is legally allowed to operate in Michigan. In 2018, the US Supreme Court took up the Professional and Amateur Sports Protection Act — a federal law that prohibited state legislatures from allowing regulated sports betting — and found it unconstitutional.

This means that each individual state has the right to decide if it wants to authorize regulated sports betting. While Congress is permitted to take action on the authorization and regulations of betting at the federal level, it is ultimately still left up to the states.

Retail and online sports betting are technically legal in Michigan; however, there are no online sports betting operations yet live, including DraftKings.

DraftKings sportsbook app

Around 80% of online sports bets are now placed using mobile devices. Unsurprisingly, DraftKings has excellent apps for both Apple iOS and Android devices. These faithfully replicate the desktop experience, making few concessions to the smaller screen.

On the desktop sports betting site, the sports are listed on the top of the screen. The most popular are listed with a menu expansion option to see the full range of sports on offer. Account and cashier menu buttons are at the top left. Next to this are toggle options for either DFS or sportsbook. Below are options for “my bets,” “live betting,” “promos,” “help”, and “casino.”

On the homepage, you’ll see the most popular sports fixtures listed. Click on any of these to go through to more detailed betting pages. The betting slip is on the right on the desktop version, but this disappears on the apps, popping up as needed. The bottom menu allows you to pull up the betting slip with a single click.

The look and feel is pretty impressive. The DraftKings brand colors of dark and light green make for a pleasing backdrop to the highlighted sports information.

To place bets, you click on the matches you want to wager on in the main section, and these then appear in the betting slip. The betting slip has three pages, dedicated to singles, parlays and round robins. The software calculates the betting options for each bet type, together with potential payouts for the bet amount you input.

All in all, a professionally put together piece of software that makes it easy for novice sports bettors to find and understand the bets on offer.

Where is the DraftKings retail sportsbook?

In the summer of 2020, DraftKings announced a partnership with the Bay Mills Resort & Casinos and the Bay Mills Indian Community. This means that DraftKings will have its temporary digs at the tribe’s hotel-casino resort combo in Brimley, Michigan. Here’s some quick information about the DraftKings retail sportsbook lounge that’s opening soon.

  • Address: 11386 West Lakeshore Drive
  • Location: Brimley, MI 49715
  • Phone: 888-422-9645
  • Website: baymillscasinos.com
  • Amenities: Large screen TVs; access to casinos and hotel amenities; sports lounge
  • Betting: Cashiers and self-serve kiosks
  • Hours: TBD
  • Opening: Fall 2020

The DraftKings sportsbook lounge at the Bay Mills Resort & Casinos will be opening soon. That means we will update you all as to the hours of operation and sporting menu when that information becomes available.

Is DraftKings the best sportsbook in Michigan?

Online and retail sports betting has yet to officially launch in Michigan. Though the legal environment exists, sportsbook operations of all kinds are going to vie for market share.

This doesn’t mean, though, that the marquee Boston-based sportsbook won’t have a strong market placement compared to other major sportsbooks like FanDuel, BetMGM, Fox Bet, William Hill, Golden Nugget and Barstool (betting platforms expected to hit Michigan in 2020). As a platform, DraftKings is phenomenal and well designed. There are outstanding sign-up offers and bonuses for first-time players, intuitive apps and genuinely unique retail experiences. However, like anything else, we need to wait and see.

DraftKings Michigan sports betting markets

Sports betting operators use the phrase “markets” to describe the sports and competitions on which they will take bets. These are controlled by the regulator, so DraftKings Michigan offers slightly different sports from DraftKings in other states.

The most popular sports for betting in the US are:

DraftKings offers all of these for both professional leagues and college games where appropriate. There are also a variety of international sports, including games like table tennis, cricket, rugby, and Aussie rules football.

Michigan is one of the only states to insist that sports betting operators use official league data where it is available. Modern online sports betting is dependent on reliable near-real-time data, so the provision isn’t really necessary, but it gives the leagues some extra income from sports betting.

Michigan sports team betting guide

When the DraftKings sportsbook launches in Michigan, there’s a strong chance that you will want to place your wagers on local sports teams. While it’s yet to happen, DraftKings will alleviate a lot of challenges for betting on sports you’re interested in. In fact, you’ll find futures markets for all sorts of Michigan teams, offering you variety in how you play. These teams include professional and collegiate clubs.

  • Detroit Lions
    • Bet on virtually all Lions games.
    • Live betting on most NFL
    • Lions futures and prop betting.
  • Detroit Red Wings
    • Bet on all Wings games.
    • NHL live betting.
    • Futures and props for the Red Wings and the NHL.
  • Detroit Tigers
    • Bet on Tigers games, including futures and props.
    • Bet on lineups.
    • Wager on other MLB
  • Detroit Pistons
    • Pistons game wagers.
    • NBA futures and props.
  • Michigan Wolverines
    • Bet on all Wolverines football and basketball games.
    • Futures for Michigan football and the NCAA.
    • Michigan-Michigan State rivalry.
  • Michigan State Spartans
    • Spartan athletics betting, including football and basketball.
    • Futures for Spartan football games and the NCAA.
    • Michigan-Michigan State rivalry.
  • Western Michigan Broncos
    • Broncos athletics wagering.
    • Futures on the Broncos and the NCAA.
    • Games versus MAC rivals Central Michigan and Eastern Michigan.
  • Central Michigan Chippewas
    • Chippewas athletics wagering.
    • Futures on Chippewas teams.
    • MAC conference games versus Western Michigan and Eastern Michigan.
  • Eastern Michigan Eagles
    • Eagles and NCAA futures.
    • MAC conference games versus Central Michigan and Western Michigan.

These teams are merely options, making Michigan a place of well-represented diversity for sports. Additionally, DraftKings has a wide variety of major individual sports to choose from, including golf and UFC. Major League Soccer is missing, though, leaving Detroit as one of the largest media markets without a professional soccer team.

DraftKings Michigan futures market

Michigan has a lot of potential in the sports betting futures market. While the state has yet to see official online and sportsbook app operations, you may want to remain in the loop on how sports teams across the state and country could fare in regular and postseason competitions.

  • Detroit Lions futures betting: Bet on the Lions to have a positive season, including bids for divisional, conference and Super Bowl You can also bet on win totals and lines for players, including potential league MVPs.
  • Detroit Red Wings futures betting: Bet on the Red Wings to dominate the Stanley Cup You can also find futures odds for team regular season totals, potential MVP picks and other league awards.
  • Detroit Pistons futures betting: Bet on the Pistons to win the NBA Finals and shine in conference or division play. Discover odds on team regular season win totals and individual awards, too.
  • Detroit Tigers futures betting: Bet on the Tigers and who will win the World Series, league championships and divisions. Also, potential MVP picks and season awards.

The nice part about DraftKings is that you don’t need to stick with just local clubs. For instance, you could bet on the Denver Broncos to go all the way and win another Super Bowl. College sports futures are also available for NCAA teams in and out of Michigan.

  • Collegiate NCAA Division I basketball/football: Bet on Michigan and other national teams to win national championships, conferences, rivalries, Final Four bids and College Football Playoff You can also bet on Heisman Trophy winners and players of the year awards.

The futures market also involves tons of action and betting opportunities in major individual sports like golf, tennis and auto racing. Michigan, as we said, has yet to hit full stride with online, mobile and retail sports betting. However, the futures market will offer a great deal of betting action in a regulated environment that’s truly worth taking on.

Bet types

There are lots of ways to bet on sports, and DraftKings offers a bet type for everyone. The simple moneyline, spreads and totals bets are available for most markets. Futures and prop bets are on offer for those looking for something more esoteric. If you’re not sure what these bet types are, there’s a “How to bet” guide linked at the bottom of the screen. This offers lessons on:

Depending on the sport, live betting is available that includes all of these bet types. Live betting takes place after a match has started and is rapidly becoming the most popular form of sports betting in the US.

The main live betting options are listed on the main screen. Click through and you’ll see specific options for each game. These are listed under a set of tabs that vary by sport.

When you click on the bet options for a game, it is added to the betting slip. There you can decide on whether you want the bet to be a simple bet, or tie it together with other bets into a parlay or round robin.

DraftKings also offers you the ability to cash out bets early. Go to the “my bets” menu item and select “cash out.” You will then be offered a price to cash out any bets you have running. Not all bet types offer this option.

The cash out early option lets you lock in most of your winnings, or cut your losses depending on how the game is going. It’s great if the excitement of seeing an unlikely bet look like it’s going to pay off just gets to be too much.

DraftKings Sportsbook also offers the following unique betting options:

Live betting

Live betting gives you the chance to bet on sporting events that are already in progress.

Bets on small outcomes inside the event and the outcomes are available using ever-evolving odds depending on the current score.

Flash bets

Live play-by-play betting with game visualizations available for football, soccer, tennis, and baseball.

Pools

Fixed price point betting with entry fees where wagers are essentially placed against others entering the same event.

Entering a pool is like entering sports betting contests. You pay an entry fee and compete against other entries for pieces of the prize pool created.

Prizes depend on the number of players in the pool and the number of winners. DraftKings Sportsbook pools include:

  • Pick’em pools (Winner, spread, single, game, 3-way, etc.)
  • Squares
  • Brackets
  • Survivors

Cashout

DraftKings Sportsbook offers a cashout option for some bets. This allows you to get out while you’re ahead or cut your losses before the final outcome of a bet is determined.

DraftKings Sportsbook shows you the cashout options on your bet slip.

How to place a bet with DraftKings Sportsbook

Placing a bet with DraftKings Sportsbook requires you to first log in to your account, then create a bet slip, and, finally, confirm your wager.

Fortunately, if you can click buttons, you can do it.

Just log in to your account using the same credentials you entered when you signed up.

You can browse through the betting markets by sport using the tabs at the top of the page. You can also select bets from the personalized betting carousel DraftKings has designed for you.

No matter where you are, if you see a line you like, just click on it. That line will automatically show up on the bet slip on the right-hand side of the page.

Check the bet slip to make sure that’s the bet you’re after. Click on the Parlay or Round Robin tabs to construct these types of wagers. Otherwise, type in the amount you wish to wager in the space provided.

DraftKings Sportsbook will instantly show you the potential payout and cash out options if available.

Click the green tab at the bottom of the bet slip to confirm the wager and place the bet. Check back for the results after the game.

Banking at DraftKings sportsbook

The security of your money is one of the regulator’s main concerns. Safe, legal banking options are one of the biggest benefits you get for using a Michigan regulated sportsbook. Naturally the operators offer the widest possible selection of deposit and withdrawal methods. It is in the operators’ best interests to make this easy, and DraftKings is no exception.

Direct deposits from your bank

These are the most direct and fastest ways to fund your account:

  • Credit/debit cardVisa and Mastercard are accepted. DraftKings says that Chase, Union Bank, Huntington Bank, Capital One, and Bank of America don’t allow their cards to be used for gambling transactions.
  • E-check: An e-check is simply an online check. The cashier explains how to get the data from your checkbook and use it to create an e-check.
  • Wire transfer: Bank wire transfers work well for larger sums of money. Banks normally charge $20 to $25 to make the transfer.

Cash

There are two ways to deposit with cash:

  • PayNearMe — PayNearMe operates from 7-Eleven, CVS, and Family Dollar. First, you get a code from the cashier, then deposit cash at your nearest location.
  • Cash at the casino cage — You can deposit cash directly to your sports betting account at the cashier cage in the MotorCity Casino Hotel in Detroit.

Payment processors

Payment processors are third-party financial institutions. You fund your account from your bank or by credit/debit card and use it to make online purchases. You can also withdraw your funds as cash using the associated card at most ATMs.

  • DraftKings Prepaid Play+ Card — This branded card is available from the cashier. It will be sent to your home address a week or two after application.
  • PayPal — DraftKings is one of the very few sportsbooks to accept PayPal. If you already have a PayPal account, this is probably the fastest way to fund your account.
  • Skrill — Skrill is similar to PayPal and offers gambling-related promotions to regular users.

By mail

  • Check — You can send a check directly to DraftKings Michigan.

Withdrawal options are more limited. DraftKings allows withdrawals by check, e-check, PayPal, Skrill, and at the casino cage. If you have a DFS account with DraftKings, you can’t use funds deposited in that account to place sports bets. But you can use any winnings from DFS wagers to make sports bets.

DraftKings.com customer support

The top menu contains a link to the help section. There’s an FAQ section linked at the bottom of the main screen and a contact us link. This page provides details for email support and a live chat option for immediate support.

There is a responsible gambling link at the top of the home screen. This allows you to set deposit limits and self-exclude for a short time or permanently. There are links to support if you feel you have a gambling problem.

History of DraftKings

DraftKings began operations in 2012 in Boston. The company initially offered only fantasy sports betting. Then after the state laws on sports betting began to change, DraftKings invested in creating its own online sportsbook. This launched in New Jersey on Aug. 6, 2018, the first online sportsbook to launch outside Nevada.

In April 2020, the company went public with a valuation of over $6 billion. Investors have a lot of confidence in DraftKings. It has become a stock market darling, with the shares doubling in price.

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