Draftkings Sportsbook New Jersey

Posted By admin On 02/04/22

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Draftkings Sportsbook Nj Taxes

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DraftKings Sign Up Offers – February 2021

Draftkings sportsbook nj login

After years as a pioneer and leading company in the daily fantasy sports (DFS) industry, DraftKings joined primary rival FanDuel in the new legalized sports betting space in New Jersey, and they are now leading the way in real money NJ sports betting online.

New User Bonus. T&Cs Apply.

Draft Kings New Jersey

Up to $1,000 Deposit Bonus

DraftKings Sports Review 2021

The company launched the first legal NJ sports betting app in New Jersey in August, accepting real-money sports bets from NJ bettors statewide starting Aug. 6, 2018.

DraftKings Sports has quickly become one of New Jersey’s leading online bookmakers. Despite a rocky start as legal eagles got their heads around Daily Fantasy Sports (DFS), DraftKings has since become a household name. With a presence in 21 states (as of June 2019), this operator has not only established a reputation for excellence but quality and trust.

Today, thanks to its status in the US and Europe, DraftKings has paid out over $5 billion to nine million+ customers since 2012. For us, that’s not only a sign this online sportsbook is legit, but that it’s capable of offering a world-class service. Indeed, by providing a combination of DFS pools and real money sports betting, DraftKings offers a more comprehensive service than almost all of its peers.

With that in mind, we’ve put together a DraftKings Sports review to show you why this is one of New Jersey’s leading operators. Covering everything from free bets to the rewards serial speculators can earn, our DraftKings Sports review will lead you directly to the good stuff. Of course, we’re not here to flatter anyone which is why we’ll call it as we see it.

If something isn’t quite right or there needs to be improvements, you can count on us to highlight it. By providing an honest DraftKings Sports review, we believe you’ll have the power to make an informed decision and, in turn, enjoy the best sports betting experience possible. So, without any further ado, here’s our guide to DraftKings Sportsbook NJ map and all it has to offer.

New User Bonus. T&Cs Apply.
Up to $1,000 Deposit Bonus

DraftKings Sports Bonus Offers

When you follow our secure link and create your first account, you won’t need any special DraftKings Sports promo codes. Because our link identifies you as a NJBetting.com user, you’ll automatically receive our exclusive DraftKings Sports welcome bonus.

For those who a prone to making mistakes or missing important details, that’s clearly a huge positive. Put simply, as long as you use our registration link and input your details, you’ll receive some free bets without using a DraftKings Sports bonus code. Simple! Furthermore, taking advantage of both bonuses will entitle new players to up to an amazing $1,050 in bonuses.

Draftkings

Up to $50 Free bet to match your first deposit
Up to $1,000 matched Deposit bonus

  • Users must create or log into their DraftKings Sportsbook NJ account to get the $50 free bet.
  • First deposit is matched at 20%

DraftKings Promo Codes – February 2021

When it comes to sports betting promos, DraftKings Sports is more than capable of challenging the likes of BetStars, 888sport and Caesars. For starters, the $50 free bet and up to $1,000 matched deposit bonus offer equal or exceed almost every other NJ sports betting bonus offers. In fact, the only two sites that come close to DraftKings are Resorts and Hard Rock which offer newbies a matched bet worth up to $1,000.

Beyond the DraftKings Sports welcome bonus, regular customers get access to a full range of promos. From matched bets and freebies to cashout options, this site offers a serious amount of value. In our opinion, DraftKings Sports actually feels more like a European betting site due to the variety of promotions it offers.

Online Sportsbook DraftKings Sportsbook
Promo code None - Use Links
Total bonus$1,050
No deposit bonus$50 in free $5 bets
Match deposit bonus20% up to $1,000
Last updatedFebruary 2021

DraftKings Sports New Player Bonus

As a new customer, you’re entitled to the DraftKings Sports welcome bonus worth up to $1,050. Firstly, when you follow our sign-up link, you’ll receive an up to $50 bet just for creating an account. Once you’ve used that and made a deposit, you will receive 20% on your initial deposit amount up to $1,000. This means that DraftKings will offer you 20% on any deposit amount up to that. For example, if you deposit $250, you’ll have $50 in bonus funds. If you deposit $2,000, you’ll receive $400, and so on.

Bonus Table

In terms of using your free bets, DraftKings Sports stipulates the following:

  • Your up to $50 free bet is matched to your first deposit.
  • Free bets must be used within 30 days.
  • You are free to use these bets on any valid market.
  • Your free bets are non-redeemable, non-transferable and non-refundable. This means that if your free bet is successful, you only receive the profit back in real cash and not your stake.

To clear the deposit bonus:

Draftkings Sportsbook Nj

  • $1 is cleared for every $25 you wager on the site
  • You have 90 days to clear the bonus

How to sign up for a DraftKings Sports account?

DraftKings Sports is linked to DraftKings DFS and Casino. Because of this, you can use the same account to access all three services. Additionally, DraftKings Sports has dedicated iOS and Android apps for those who want to play the odds via mobile.

To join DraftKings Sports, here’s what you have to do:

  • Follow our secure sign-up link.
  • Enter the following details: desired username, email address and a password. If you have a DraftKings Sports promo code (you don’t need one), you can also enter it here.
  • Tick the box saying you agree to the terms and conditions of the site and click next.
  • Verify your identity by providing your full name, address, date of birth and the last four digits of your social security number (SSN).
  • Once the system confirms your identity, you’ll be asked to secure your account and then verify your location. It’s at this point you’ll need to install the GeoComply plugin to your browser.
  • When you’ve shown you’re a US resident and based in New Jersey, you’ll be given a new DraftKings Sports account.

DraftKings Sports New Player Bonus

As we’ve said, you don’t need a DraftKings Sports promo code to unlock the two-stage welcome reward. By completing the steps below, you’ll receive up to $1,050 in added value as a new customers:

  • Follow our secure sign-up link to DraftKings Sports.
  • Input your personal details, confirm your location and that this is your first and only account with DraftKings Sports.
  • Once you’ve verified your account, an up to $50 free bet will be gifted to you to match your first deposit.
  • You also get a 20% match bonus up to $1,000 on your first deposit.
  • Anything you win your DraftKings Sports free bets or bonus funds will be yours to keep without any wagering conditions.

DraftKings Online Sportsbook Free Bets

In addition to the DraftKings Sports welcome bonus, existing customers can collect free bets on a regular basis. The main way this operator hands out gratis wagers is through insurance payouts and betting targets.

For example, the Summer of Soccer promo gave fans the chance to receive $10 free when they bet on three major soccer tournaments. Similarly, the MLB 5+ Run Insurance offer is a chance to get up to $25 back as a free bet if their pick scores 5+ runs but loses.

What’s great about these offers is that they’re seasonal. Taking inspiration from Europe’s leading online sportsbooks, DraftKings has made it possible for you to extract more value from the day’s top events. Whether it’s the soccer World Cup, the NFL playoffs or the NBA finals, this operator tailors its free bet offers to suit what’s hot on the market. That, for us, is something seasoned sports fans should be impressed by.

DraftKings Sports NJ Loyalty Rewards

In addition to free bets, DraftKings Sports is always looking to give loyal customers some extra value. In fact, the way in which it does this really stands out. Unlike other New Jersey online bookmakers, DraftKings Sports goes beyond the standard “bet X, get Y” dynamic and gives you extra in some interesting ways.

For example, when you scan the daily markets, you’ll find a selection of boosts. Essentially taking the current odds and making them even more lucrative, this system is perfect for regulars who want the best price possible. Additionally, DraftKings Sports offers pools and cashouts. The former allows you to pay a small amount to join a pool of likeminded bettors. If your picks are more successful than the rest, you’ll win a much larger prize than you would normally.

When it comes to cashouts, this system has been copied from Europe’s biggest sportsbooks. Put simply, if you make a multiway wager, cashouts allow you to take a price to end the bet early. This is particularly useful for experienced customers who can sense when something is about to go wrong. Essentially, this system allows you to lock up a profit before one part of your multiway bet lets you down.

Who is Eligible for a DraftKings Sports Account?

DraftKings Sports is open to anyone in New Jersey that’s aged 21 or older. In order to create an account, you must be within state lines. To ensure it stays within the law, DraftKings Sports insists you download the GeoComply plugin when you create your first account. Without this, you won’t be able to access the site and place real money bets.

DraftKings Sports Betting Software

DraftKings Sports made the decision to partner with Swedish software provider, Kambi. Regarded as one of the up and coming names on the European sports betting scene, Kambi has endowed DraftKings with some neat features. Perhaps the most impressive one we found during our DraftKings Sports review was the pop-up.

When you first log in to the site, a pop-up appears and offers you some help. If you accept the offer, a new boxout appears with a quick start guide. Covering everything from the odds you’ll see to the common phrases used in sports betting, this guide is a great tool for novices. Of course, if you’re an experienced bettor, you won’t need this. However, with the market still in an embryonic state, we felt this added extra was a great addition to the site.

Once you’re in the mix, everything has been optimized for desktop and mobile use. This means page elements are free to move, resize and, if necessary, disappear from view to ensure you always have a clear overview of the odds. Beyond that, you’ll be able to track the latest sporting events via the main menu and switch the odds format from American to decimal or fractional.

If that’s not enough, the wealth of data DraftKings Sports provides should be. Inside your account, you’ll be able to track all your activity using the MyBets tab. By giving you easy access to your entire betting history, DraftKings Sports has made it easy for you to spot any leaks and identify your strengths.

In tandem with reviewing your own results, you can track the latest scores and even get expert advice via the DraftKings blog. When you piece all of these elements together, DraftKings Sports is giving you every opportunity to achieve the best win rate possible.

DraftKings Sports App

The official version of the DraftKings Sportsbook NJ app was revealed Aug. 3. In addition to the most common and popular forms of sports bets, numerous in-game betting opportunities are available as well.

When the curtain lifts on DraftKings online sportsbook, expect to see a large variety betting options.

DraftKings Sportsbook NJ: Types of Bets

When you use the DraftKings Sports desktop site or mobile app, you’ll be able to place singles, multiway, money line bets and more from as little as $0.01 on the following sports.

Inside DraftKings Sports you’ll find a selection of bet types. Pre-event singles are the most popular and come in a variety of flavors. Additionally, you’ll find multiway and in-play options across the most popular sports, including baseball, football and basketball. As a guide, some of the common options inside DraftKings’ sportsbook are:

Point spreads: Bettors will be able to wager whether the favorite in an athletic contest will be able to win a game by at least the margin of victory the sportsbook is predicting — aka the spread. Conversely, they can bet whether the underdog will win the game outright or lose by fewer points than the sportsbook’s predicted margin. In other words, beat/cover the spread.

Money Line Bets: The simplest bet, money line wagers are when you’re picking a team to win irrespective of the score. This means you don’t have to worry about point spreads or anything like that. If you think an individual or a team is going to win, you back them using a money line bet.

Props: Prop bets are essentially yes or no propositions. For instance, the prop might be: will the Eagles score three or more touchdowns in a game? If you think they will, you take the over. If you don’t think they will, you take the under. Props can be applied to teams, games and individuals. The most popular event for props is the Super Bowl.

Multiway/Parlays: In the UK, these bets are known as accumulators because the odds you receive are an accumulation of all outcomes you select. To be classed as a multiway bet, you’ll need to make three or more picks. For example, if you were betting on the NBA finals, you might pick the Lakers, the Bulls and the Warriors to win. The price you’re offered will be a combination of each team’s individual odds and then a bit more.

Why a bit more? Simple: if one of your picks loses, the whole bet loses. In other words, you’re given long odds on multiway bets because you need every part of it to come in. Now, the beauty of DraftKings Sports is that it offers cashouts. So, if the Lakers and Bulls both won and you felt like the Warriors were going to let you down, you could settle the bet early for an agreed price.

In-Play Bets: These are also known as live bets and are wagers you can make as a game unfolds. For example, in an NFL clash, DraftKings may offer an in-play bet on the next player to score a touchdown. Based on the previous action and in-game dynamics, the odds makers will set a line for the most likely candidates. Naturally, as things progress, the odds will change. This is the beauty of in-play bets as they allow you to use your reading abilities to capitalize on potentially profitable situations.

Totals: Bettors will be able to wager on whether two teams in an athletic contest will score more or less combined points than that which the sportsbook is posting as its prediction.

Futures: As the name implies, futures involve wagers that are typically placed on a team’s final record/standing at the end of a season. These are usually offered with straight odds or a moneyline and involve propositions such a team winning a division, conference or league championship.

Markets Offered at DraftKings Sports NJ

DraftKings offers the widest variety of sports, leagues and games in New Jersey. The DraftKings Sportsbook will include the following menu:

  • Baseball (MLB)
  • Basketball (NBA)
  • Boxing
  • Cricket
  • Darts
  • Golf (PGA)
  • Hockey (NHL)
  • Football (NFL)
  • Mixed martial arts (UFC)
  • Motorsports
  • Rugby Union
  • Soccer
  • Tennis

DraftKings Sports Pricing and Odds

During our DraftKings Sports review, we compared the odds it offered on certain events to those over at Caesars Sports. What we found is that they were fairly even. Comparing an MLB showdown between the Phillies and the Mets, DraftKings Sports had the same money line price (-152) on the Phillies as Caesars. However, when it came to the Mets, Caesars Sports was slightly better at +142 compared to +133.

While it would be nice to see DraftKings Sports close the gap here, it’s not all bad. As we said early in this DraftKings Sports review, daily odds boosts can help you extract more value from the top events. Although it may only up the odds by a few points, our analysis suggests that’s enough to put DraftKings Sports on par and, in many cases, above its rivals when it comes to betting odds.

Banking options at DraftKings Sports

DraftKings Sports is a regulated NJ sportsbook. In practice, this means every transaction is protected by SSL encryption software. What’s more, the New Jersey Division of Gaming Enforcement (NJDGE) is on hand to ensure your protected at all times.

Deposits at DraftKings Sports

All deposits at DraftKings Sports are processed instantly. To credit your account with at least $5, you can use one of these methods:

  • Debit Card
  • Credit Card
  • Bank Transfer
  • Play+ Prepaid Card

Withdrawals at DraftKings Sports

Withdrawals are typically processed and returned to your nominated payment method within two to eight days. The minimum withdrawal is $20 and you can choose the following processors:

  • Check
  • PayPal
  • Bank Transfer
  • Cage Pick Up

How to Contact Customer Support at DraftKings Sports

When you need a helping hand, DraftKings Sportsbook NJ customer support team is available 24/7 via the following methods:

  • Live chat
  • Email: [email protected]
  • Post: US Office, PO Box 399, Hoboken, NJ 07030
  • Phone: Fill out a form and receive a call back

Benefits of Betting at DraftKings Sports

For us, the best thing about DraftKings Sports is the promos it offers. From our industry knowledge, we can see the developers have taken their cues from Europe. As an established market worth billions, it’s easy to see why they would do that.

For you as a customer, that means you’ll not only get access to standard sports betting bonuses but innovations such as cashouts and pool betting. That, in our opinion, is why DraftKings Sports stands out among New Jersey’s leading sportsbooks. Naturally, there are other sites that offer similar features. However, during our reviews, we found that DraftKings Sports provides one of the most comprehensive promo packages out there.

What DraftKings Sports Could Improve

If there’s one thing we’ve like to see improved it’s the odds DraftKings Sports offers. While they’re by no means bad, our analysis did show the lines lagging behind in some areas. Yes, the odds boosts help redress the balance but these offers change on a daily basis.

This means you may have to wait for the odds on your favorite sports receive a boost. Therefore, if we could change one thing about DraftKings Sports, it would be to up the value in some instances.

DraftKings Sports Background

DraftKings origins in the daily fantasy sports industry trace back to 2012 when it was co-founded as a part-time venture by principals Jason Robins, Mathew Kalish and Paul Liberman. The company’s initial product offering was head-to-head contests for MLB.

DraftKings offers DFS contests in the United States, Canada the United Kingdom, Malta, Germany, Austria, Ireland and Australia. The company currently boasts a total of 56 individual sponsorship agreements with professional sports teams. It also has official league partnership agreements in place with Major League Baseball (MLB) and the National Hockey League (NHL).

Alongside its foray into sports betting, DraftKings will continue to roll out DFS contests for what is arguably the most extensive array of sports in the industry.

NJ Sportsbook Website Review

DraftKings was ideally placed to launch the first sportsbook in New Jersey when, a few months back, this state became the first outside of Nevada to legalize the practice of making wagers on sporting events.
Prior to the US Supreme Court lifting the 26-year-old PASPA Federal ban on sports betting in 2018, DraftKings along with FanDuel, had totally dominated the already legal Daily Sports Fantasy (DSF) market – so much so, in fact, that when the two juggernaut gaming institutions attempted to merge, cries of “it will be a total monopoly” quickly ended any such move.

DraftKings, who describe themselves as a global sports technology and entertainment company who believe that life is more fun when you have “skin in the game”, was founded by Matt Kalish, Paul Liberman and Jason Robins in 2012 and located in Boston.

With 9 million registered users, it was already offering sports fantasy contests with financial rewards in 11 professional sports in eight different countries including the USA, Canada, the UK, and Australia and, over the years, had paid out more than 5 billion dollars.

At this early stage when sports betting is still a fledgling industry in the US, legally it will only be able to sign-up and take sporting bets from punters shown by Geo-tracking to be within the borders of New Jersey.

However, with its huge base of Sports Fantasy players, strong financial backing and the excellent internationally-honed software provided by globally-renowned Kambi Sports, its New Jersey players will now be able to use their sporting know-how both as Fantasy Sports gamers and as sports betters on an exciting new widely-expanded online playing field.

And more and more DraftKings fantasy sports gamers are sure to join them when more states follow New Jersey’s lead and legalize sports betting.

From the word go, these new gamers will have the option of using desktop PC and laptop websites to do their online punting in their homes and offices or on the go using smartphones and tablets via Android and iOS apps.

What’s more, they should find the Kambi Sports interface on the DK Sportsbook pretty straightforward and easy to understand and navigate. There have been one or two minor glitches, but they are quickly being ironed out.

But perhaps, before going any further with this sportsbook review, we should start at the beginning with the process of registering and funding your account.

Getting going on the DraftKings Sportsbook

Before you can open the home page on the DraftKings Sportsbook’s website or download the mobile apps, you will need to register – and be 21 years or older.
Do this by simply clicking on the ‘Sign-me-Up” button – and make sure you are within the borders of New Jersey before you do.

If you are not, a pop-up notice will promptly advise you, thanks to GEO-Tracking, that you are in a “restricted location” and that you are, therefore “in violation of state law”.
After you have opened your Sportsbook account, you may fund them and make withdrawals from outside of NJ, but if you attempt to make any bets other than from this state, you will be blocked and shown the same violation notice.

You will also be warned that DraftKings have retained your user info and future attempts could result in “enforcement action.”
You shouldn’t hold it against DratftKings for this. Expect it to be standard practice on all the other newly-launched New Jersey sportsbooks as it is State law.

Account Funding

Having registered and created a user name and password, you will next need to fund your Sportsbook account with a deposit that may be as little as $5 if you wish to begin low-key wagers of say, just $1.

But remember, that your first bet will be matched up to $500. Free bet must be used within 30 days of first bet. Free bet amount is not included in any returns or winnings.

Thanks to the high-tech security encryption systems already developed by DraftKings Fantasy Sport, you can be pretty sure your deposits and withdrawals for the new FK Sportsbook will go through safely and that your password and other personal info will be secure.

You should also find it a pretty seamless process using their tried and tested deposit methods (MasterCard or Visa credit/debit cards, ACH eChecks, PayPal, Sightline, Online Transfers, DraftKings Prepaid Cards, or with Cash via PayNearMe 7-11 Stores) This should also apply to withdrawals made through Visa and MasterCard, and through PayPal, providing that you had first made your deposits through PayPal; likewise ACH eCheck or Sightline.

A welcome feature by DraftKings enables their Sportsbook punters to utilize their Fantasy Sports funds, both when making deposits, and for ongoing day-to-day betting.

Betting Market

Like the new Sugarhouse Casino/Sportsbook which also operates with Kambi software, DraftKings can confidently claim to have one of the two biggest Sportsbook menus in New Jersey.

Horse racing is not among them, but it fully covers all the other highly popular US professional sports like NFL and College football, NBA, WNBA and College basketball, MLB baseball, NHL ice hockey, and MMA, NASCAR and eSports as well as international soccer, motor racing, golf, tennis, boxing, cricket, and rugby union.

One legal restriction is that no bets may be placed on High School or College football in the state of New Jersey.

DraftKings’s menu of the world’s most closely followed soccer contests is extensive. Along with US and Mexican football, it also covers among others, the hugely popular UK Premier League, the star-studded Spanish La Liga, the German Bundesliga, the Italia Series A and the French Ligue 1.

Go inside each sport and navigate your way into any of their various leagues and competitions and you’ll find that at almost any time of the day or night you can make hundreds of different types of bets including, spread bets, over-and-under bets, futures bets, prop bets, totals and Round Robin bets as well as hundreds more wagers on one of the sportsbook industry’s most exciting new innovations – live, in-play betting.

In addition, DraftKings offer another of the newer international sportsbook innovations – a ‘Cash Out’ option.

It allows you to cash-out from an event on which you have placed a wager before it has been completed which can either help you cut your losses or, if you are up when you make the ‘Cash Out, help you win money, even if the end result is not in your favor.

Self- Imposed Betting Limits

DraftKings also has a rare player-limiting feature that in my book helps put it up there with the very best in New Jersey.

Policing this industry is necessary and self-policing can make an important contribution towards addiction and misuse.

Players can prevent themselves from gambling recklessly in three ways.

  • Player Limits – this enables them to set limits on the amounts they spend on DraftKings per day, per week or per month.
  • Player Exclusion – this enables them to set a time during which they will not be able to gain access to the DraftKings website or mobile apps.
  • And a cool-off limit – this will prevent them from depositing or placing any bets for a set period of time, even though they will continue to have access to the DF Sportsbook interfaces on its website or mobile apps.

Summing Up

DraftKings Incorporated, one of the established US giants of daily sports fantasy gaming and the first company to launch an online sportsbook after sports betting became legal in New Jersey a few months back, has hit the ground running.

Thanks to its huge Sports fantasy customer base and its internationally renowned Kambi Sports software, it has been able to offer an exceptionally large number of new American punters an outstanding betting platform with a website or mobile app interface that is neat, easy-to-understand and simple-to-navigate and a betting menu matched only in New Jersey by fellow Kambi user SugarHouse.

It is right up there with the best sportsbooks of Europe with some of its special features like its live, in-play betting and Cash-out options and it is perhaps even ahead of them with a betting limit feature which can help punters guard against reckless wagering.

It is also able to keep its customers better-informed than most on the goings-on in the sports world via a series of blogs and TV presentations in its closely linked Sports Fantasy operation.
However, although it has an attractive sign-up first deposit bonus, it still has something to learn about promotions and betting pricing if it hopes to compete with the biggest guns of the World sportsbook market in the long-term.

In the meantime, we have no reservations in applauding it for what it has achieved in a very short-time and feel it could be well worthwhile for eligible New Jersey gamers to give it a shot – especially if they are already players of its Sports Fantasy games.