DraftKings Sportsbook NJ Promo Code 2020
The “King” of daily fantasy sports has made the leap into the world of sports betting. On August 6, 2018, DraftKings Sportsbook became the first full-service online and mobile sports wagering platform to launch in the legal New Jersey market. Its launch was made possible by a May 2018 U.S. Supreme Court decision that effectively lifted Nevada’s monopoly on single-game sports wagering.
Going live ahead of the pack certainly carries its advantages, but it didn’t necessarily mean DraftKings would enjoy the same dominance it does in the DFS sphere. Competition appeared fiercer, with rival FanDuel, and NJ racetracks and Atlantic City casinos having debuted their own sports betting sites.
That said, the brand recognition DraftKings brought to the table, along with its service partnership with Kambi Group, positioned the operator for a strong run in New Jersey. A fluid interface, lucrative free bet offer, and account/wallet integration with DraftKings DFS only strengthened its case.
DraftKings Sportsbook is not without its flaws, but if it finds a way to offer pricing that is competitive with other legal (and unfortunately, illegal) sports wagering sites, we expect it to contend for the industry’s crown.
DraftKings Sportsbook bonus offer – July 2020
DraftKings is offering our readers a Risk-Free Bet (in reality, a “Free Bet”) of up to $500 plus an up to $500 Deposit Match Bonus when you sign up your account and deposit via any of the links on this page.
DraftKings Sportsbook 2020 bonus code and details
|DraftKings Sportsbook NJ Promo Code||None needed - click here|
|Deposit Bonus||$500 Free Bet + $500 Match|
|Atlantic City Partner||Resorts AC|
How it works
While DraftKings calls this promotion a “Risk-Free Bet”, it is in reality a “Free Bet”, which is much more valuable. To get yours, first make a deposit of any amount (to max out the promo, make sure to deposit at least $500). Then, you’ll make your first bet, which will count as your promo bet. No matter if you win or lose this bet, you’ll receive the same amount of your original wager as a site credit back into your account. You can’t cash this out right away, though, first you’ll need to make another wager using the credit. If you win, you will receive your winnings as cash, but not the site credit and will then be free to withdraw the money as you please.
In addition to the matched free bet, DraftKings will match your first deposit 20% up to $500. This means if you deposit $2500, DraftKings will add another $500. If you deposit $100, DraftKings will add $20 in bonus money. There is a 25x wagering requirement attached to this deal where bonus money is released in $1 increments for every $25 you bet.
What’s great about DraftKings online sportsbook?
- DFS integration: The DraftKings Sportsbook shares both account information and to an extent, a wallet, with its popular daily fantasy sports counterpart. This means that active DFS players will be able to start wagering on sports right away. On PC/Mac the daily fantasy and sports sites even share the same interface.
- Brand recognition: DraftKings reputation as a leader in DFS has also made the site a well-known name for gambling sports fans, and its quick successes in real sports wagering have only strengthened the brand further.
- Beginner friendly: Players new to sports betting will find the plain language used on the site’s homepage welcoming. New customers are also offered a chance to check out the site’s comprehensive “Quick Start Guide” which breaks down complicated subject matter into simplistic terms.
- Bets galore: DraftKings Sportsbook launched with a ton of betting options, including the innovative “Cash Out” feature, “Live In Game” betting, and over a dozen betting markets to choose from. Lines, props, parlays, futures: You name it and DraftKings probably offers it.
- Other games: DraftKings was also one of the first exclusively sports betting-focused sites to branch out into casino games as well, thus negating much of the only advantage the established casino sites had in the sports betting market.
- Supported platforms: There are numerous ways to access the DraftKings Sportsbook, including PC/Mac, and Android/iOS powered smartphones and tablets. The mobile experience largely mimics that found on the desktop app, and that’s a good thing.
What’s not so great?
- The vig on select games and formats (not all) is high. In some cases, it’s oppressive.
- Limited, but improving, cashiering options.
- No direct phone support, only call backs.
DraftKings software snapshot
The DK Sportsbook boasts a no-nonsense (and borderline bland) interface that spends the majority of its screen real-estate on what matters most: available bets. The home page was designed with the new player in mind, displaying recommended bets written in plain language. Below that, players can view live in play wagers, and the lines for major sporting markets.
Those looking to dig a bit deeper can use the top navigation bar to examine bets for specific leagues, or to display all available betting markets via the A-Z Sports dropdown. Under each sport, players will be able to view all posted wagers, whether they be simple game lines, parlays, futures, or props. Selecting a bet will cause the Bet Slip to populate (right hand portion of the screen). From there, players only need to enter the amount of their wager, and hit Place Bet. It’s all very laid out and user-friendly.
DraftKings Sportsbook comes equipped with a fair number of account management and customization features, as well as a handy Quick Start Guide for new bettors. There is also one-click access to a bevy of responsible gaming features and the integrated cashier.
As far as stability, we did not experience any crashes or hang-ups on PC, but the site’s geolocation checks did seem to drag on longer than they should have on mobile, at times. Speaking of mobile, the app version of the software largely mimics its desktop counterpart, with the only real difference being that the app is somewhat more compartmentalized, but not oppressively so.
Banking at DraftKings sportsbook
Over time DraftKings Sportsbook has improved its deposit options. Bettors can now fund their account using any of the following:
- Credit/Debit (Visa, MasterCard, and Discover)
- ACH Online Banking Transfer
- Play+ Card
- Wire Transfer
- Cash in person at Resorts AC
Minimum deposits are just $5, while the standard maximum has been raised to $2,500. Limit increases are available by request.
New choices are available when it comes to cash outs as well. Money can be withdrawn using:
- ACH Online Banking Transfer
- Paper Check by Mail
- Cash in person at Resorts AC
It’s worth noting that DraftKings DFS players can use their winnings to wager at the Sportsbook.
Betting lines at DraftKings online sportsbook
Unfortunately, the one aspect of the DK Sportsbook that lags behind industry standards is also one of the most important: the lines.
Particularly, we’ve noticed that the MLB odds offered were less favorable than those available at Vegas books, with 20-30 cent run lines being the norm. NFL point spreads were more in line with Vegas odds, but money lines suffer from the same ~10 cent upcharge that MLB run lines do. Other sports we observed, including tennis and boxing also touted substandard odds.
Now, at the end of the day, the amount of juice DK charges vs. a Vegas book is hardly a mammoth difference, with DK players probably needing to win 1-2% more of their bets to break even. For casual players looking to plunk down a few bucks on their favorite team, that’s probably not such a big deal. But it may cause more enthusiastic players and sharps to take pause.
The hope is that as the NJ online sports betting marketplace becomes more competitive, the juice will adjust downward. The odds may never quite be Vegas good, but they could come close enough.
Key markets offered at DraftKings
DraftKings online sportsbook launched with a wide range of betting markets. Does it offer as many markets as an international book? Hardly, but a decent range of American and international markets are covered, and the site’s available offerings appear to be growing all the time.
Key markets offered:
- Aussie Rules
- Rugby Union
DraftKings also offers lines on popular entertainment events like The Oscars.
DraftKings Sportsbook: Game selection
If there’s one area where DraftKings Sportsbook truly excels, it’s in the sheer wealth of betting options that it offers. From game lines, parlays, player/game props, futures, totals, and a good deal more, there are more than enough betting options to satiate the desires of most bettors.
Just as an example, for an average MLB game, bettors can bet on who will win (run line and money line), the amount of runs the two teams will combine for, who will score first, the last team to score, whether there will be extra innings, and about 20 other betting angles. There’s even a bet for who will hold the lead after a certain number of innings.
In Play / Flash Bets
In play wagering, where players can place on-the-fly bets on a game or match already in progress, is all the rave of late. Acknowledging this, DraftKings online sportsbook has incorporated a number of in play betting variants into its platform, allowing bettors to engage with sports in new ways.
In play has become common enough that we wouldn’t call it a special or unique feature of an online sportsbook. However, DraftKings has gone above and beyond by offering a vast array of in play bets. For instance, while a run-of-the-mill site might just offer in play betting on say, the outcome of a tennis match, DraftKings allows players to bet on each and every point using Flash Bets. Action junkies rejoice.
One area where DraftKings Sportsbook does truly innovate, is through its Cash Out feature. This nuance works as a sort of extension of in play betting, allowing bettors to close out their active bet before the outcome is decided, with the cash out amount determined by the in play odds.
Cash Out is available for pre-game, live, future, and parlay bets (selected sports only), and can generally be triggered anytime before the contest comes to a close, or before the event in question occurs. So for instance, let’s say you bet $110 to win $210 on the Yankees winning tonight’s game. After three, five, or however many innings the Bronx Bombers are trailing by a run. You can roll the dice and see if the bats get hot, or choose to take a loss, but not a complete loss by taking the Cash Out option. Same goes if the Yankees are winning, only then, you have the option to book a small win, or go for all the glory.
It’s worth noting that DraftKings does charge a vig in what appears to be in the 5-8% range on cash outs. That’s pretty high, so we suggest players only utilize this option if they really feel nervous about the final outcome.
Pools allow participants to wager, for a fixed price, against other bettors. After choosing a specific pool and paying the entry fee, players will then make a number of different picks for that event. For example, a pool for an NFL game might include questions like:
- Will the coin toss be heads or tails?
- Who will score the first rushing or receiving touchdown? (choose 1 of several options)
- Will any player score more than 2 touchdowns?
- Who will have more receiving yards, player A or player B?
At the end of the pool, whoever has the most correct picks takes the prize. Some pools will have guaranteed prizepools, and range in size from just a couple of entrants, to thousands.
DraftKings NJ promotions
DraftKings has beefed up its promotional offerings, awarding more to their bettors. To see what promotions and missions are available for you, select the ‘Rewards’ tab within your DK account. Potential offers may include:
- Free Bets
- Odds Boosts
- No Brainer Bets
- Parlay Insurance
- Free To Play Pools
- Deposit Bonuses
DraftKings regularly offers new promotions, so be sure to check your account frequently to maximize value.
DraftKings offers a rewards program centered around missions. As you complete these missions you will be rewarded with access to new promotional offers, including free bets, boosts, and more. Select the ‘Rewards’ tab at the top of the DK Sportsbook to opt-in and start accumulating your benefits. The more you bet, the more rewards you earn.
The amount of rewards you stand receive is not precisely defined. Instead, a team of DK employees will evaluate action and award benefits, and missions, accordingly. Rewards are typically given in the form of Free Bets, or DK Dollars which are applied directly to your DraftKings balance
The DraftKings DFS Crowns program does not carry over to its sportsbook.
DraftKings offers a variety of support methods on its Contact Us page. Notably, bettors can fill out a form directly on the site and submit a question through email. There is an additional area where players can submit their information and request a telephone call. However, these forms can be bypassed by contacting [email protected] directly.
Live Chat is a new addition to the DraftKings Customer Support lineup. While on the Contact Us page, look for the ‘Chat With Us’ window to appear in the bottom left corner of your browser.
Customer service is available 24/7.
More about DraftKings
DraftKings was founded in 2012, three years after chief rival FanDuel launched its daily fantasy platform. The Boston-based company’s ambitious founders quickly got to work seeking investors, raising $1.4 million that same year, a huge sum for the industry at the time.
In 2013, DraftKings relied on its momentum to secure an additional investment from Major League Baseball, the first professional league to invest in a DFS firm. In November, the cash kept flowing, with a further $24 million being raised from investors like Redpoint Ventures, Accomplice, GGV Capital and BDS Venture Fund. By 2014, industry-leader FanDuel could no longer ignore the threat from DraftKings, which had grown to become the second largest DFS company on the globe. During that year, DraftKings grew its player base substantially through the acquisition of rival DraftStreet.
The company went on to ink a variety of major partnerships, including one with the NHL and MLB. In 2015, DraftKings announced a three year advertising deal with ESPN, worth $250 million. In July of that year, the company announced a massive $300 million funding round led by Fox Sports, the Kraft Group, owners of the New England Patriots and others.
While it has been wildly successful in raising capital, the site has been forced to endure myriad legal fights from opponents questioning the company’s marketing practices and the legality of the DFS industry as a whole. In October 2016, DraftKings agreed to pay $6 million to the state of New York to resolve a dispute over advertising practices. The company paid an additional $1.3 million to the Massachusetts attorney general’s office the following year.
In 2017, DraftKings and FanDuel decided to drop their war of attrition and announced their intent to merge into one entity. The Federal Trade Commission, however, blocked the deal, asserting that the organization would essentially monopolize the industry, controlling more than 90% of the DFS market.
The following year, the Supreme Court made the momentous decision to strike down the Professional and Amateur Sports Protection Act, legislation which had effectively blocked sports betting outside of Nevada. The ruling was a major victory for DraftKings, which was uniquely positioned to offer online and mobile sports betting to its millions of sports-loving customers. Impressively, DraftKings beat out its competitors by opening the first mobile sportsbook in the state of New Jersey, which went live in August 2018.
- DraftKings Sportsbook bonus offer – July 2020
- What’s great about DraftKings online sportsbook?
- DraftKings software snapshot
- Banking at DraftKings sportsbook
- Betting lines at DraftKings online sportsbook
- Key markets offered at DraftKings
- DraftKings Sportsbook: Game selection
- DraftKings NJ promotions
- Customer support
- More about DraftKings