DraftKings has been a name in the sports betting game since 2012. It was founded by Jason Robins (now CEO), Paul Liberman (COO) and Matt Kalish (CRO) in Boston.
At the time, it was just a daily fantasy sports site and provider. Shortly after its debut in 2012, DraftKings was able to step up to being the second-largest daily fantasy sports operator in the market.
DraftKings is still headquartered in Boston and is now one of the largest gaming companies in the U.S. They have been on the ball, launching books in every state in which online betting is currently legal.
Due to its rising success, in April 2020, DraftKings became listed on the NASDAQ stock exchange as a publicly-traded company. Its ticker symbol can be found under “DKNG.”
DraftKings Pennsylvania Promo Code
DraftKings Sportsbook has a running promotion that it tends to offer for quite some time. It is also quite generous, for a total of a $1,000 sign-up bonus for first-time users. This sign-up bonus is broken up into two offers. The first is a matched first bet, and the second is a deposit bonus. Each of these is worth up to $500.
DraftKings Pennsylvania Promo Code
Pennsylvania offer Details
|Pennsylvania Promo Code||$1,000 in bonuses|
|Risk-Free Bet||Risk-Free bet for new users up to $500|
|Deposit Bonus||$500 match on the 1st deposit for new users|
|Pennsylvania Launch Date||November, 2019|
|Pennsylvania Terms||Must be 21 years of age, located in PA,|
The matched first bet is activated when users make their first bet at DraftKings Sportsbook. This is a great deal to get your feet wet on DraftKings, regardless of how much money you want to put forward.
For example, say you have your first bet at $250. DraftKings will then add $250 in free bets instantly to your account but in the form of bonus bets. To take advantage of the full offer, users will need to max out the match on their first bet at $500.
For the deposit bonus, this will take a little more upfront capital to redeem the bonus in its entirety. This bonus is a 20 percent match worth up to $500.
For instance, if you deposit $100, you would then earn a $20 bonus. So to earn the max $500 bonus, users would need to deposit $2,500.
How to Bet on DraftKings Sportsbook in PA
1. DraftKings Sportsbook is open to anyone who is 21 years of age or older. It would help if they live in a state in which sports betting is legalized, but as long as they are in the state physically when trying to place bets, users will be able to place a bet.
2. You can easily download the DraftKings Sportsbook app, which can be found in the App Store when using an iPhone or Apple device. For Android users, you have to download the app directly from the site, as it is not available on the Google Play Store.
Do not worry, though, as it is legal to use and safe to download outside of the Play Store.
3. Once you have downloaded the app and set up your account, you will need to deposit some money to place bets. When placing bets, you will have some options as to the sports you can bet on such as:
- College Basketball
- College Football
- Formula 1
- Indy Car
Looking into those bets further, you will have various betting opportunities for what types of bets you want to place. The betting types are as follows:
- First half
- Second half
- Player props
DraftKings Sportsbook App Review
When looking at the sportsbook app that DraftKings offers, it appears to do everything well even though others have somewhat better features. The app offers modern functionality that is easy to navigate.
DraftKings arguably has the widest range of betting options for you to bet on basically any sport out there. The opportunities that they offer are quite impressive, as the offerings are unique styles of play exclusive to the likes of sportsbook pools, a super contest, live cash out ability, and even an online casino.
When comparing it to the industry, it also offers one app that is available on both iOS and Android and is available across all states. So you can always download it and have it ready to go when you are able to place bets in a legal market within state boundaries.
You will have peace of mind when betting legally with a sportsbook like DraftKings because it offers customers a worry-free payout. This is because your bankroll funds are secured.
Sportsbooks like DraftKings are required to have a liability fund set up that has operations that are separate from its expenses. In that regard, no matter what is happening to the business itself, DraftKings has your money secure. The same cannot be said about offshore books.
When it comes to payment methods, DraftKings has just about every withdrawal and deposit option. Keep in mind that credit cards are just for deposits, as you cannot withdraw earnings this way. The following are what you can find:
- Bank account
- Credit card
- Debit card
- Prepaid DraftKings card (Play+)
- Casino cage
DraftKings Pennsylvania Legal Timeline
DraftKings undoubtedly has a large fan base. But it was not enjoyed at the level that it is today until the Professional and Amateur Sports Protection Act (PASPA) was overturned by the U.S. Supreme Court in 2018.
That move allowed the sports betting industry to come to life, as it allowed individual states to legalize and regular sports betting. It did not take long for DraftKings to dive headfirst into the sports betting waters.
It launched its first online sportsbook in New Jersey in August 2018. Shortly after, the company has been able to launch in West Virginia, Indiana, Pennsylvania, New Hampshire, Iowa, Colorado and Illinois.
Looking more specifically to Pennsylvania, the Pennsylvania Gaming Control Board approved for DraftKings to obtain its Pennsylvania sports betting license. This license allowed for an initial soft launch on Nov. 4, 2019. Shortly after, it was up and running and competing with other top names in the sports betting industry.
Its partnership with Pennsylvania was one of seven states where Penn National has granted DraftKings access. This deal also includes action through a 10-year agreement.
Competition in PA
DraftKings launching its sportsbook and casino in Pennsylvania has proven to be a winner. Its partnership with Meadows Casino has allowed it to claim the second-best spot in just a year of operation.
It has some fierce competition in the sports betting market, and Barstool Sports is another one that is about to make waves. DraftKings has to compete with the likes of:
- FanDuel Sportsbook PA
- Rivers Philadelphia Sportsbook
- FOX Bet PA
- Parx Sportsbook
- Rivers Pittsburgh
- Presque Isle Downs
- Harrah’s Philadelphia
On any given day, FanDuel is a step ahead and is definitely its biggest competitor in revenue. So far in 2020, Pennsylvania has been averaging a statewide total of over $3 million a month in total handle.
Typically, FanDuel is responsible for half of that, while DraftKings is a close second. When looking at the market as a whole, no one really comes close in comparison to those two.
However, when you break down the little things that DraftKings does over its competitors, it can arguably make a world of difference. This ultimately depends on the market for each book at hand.
For example, DraftKings usually offers -110 sides on most head-to-head matchup props for golf events, whereas other sportsbooks on average will offer more stakes upfront of -118 on those bets.
DraftKings may indeed charge a little more on major sports for its moneylines, which is in line with the standards across the board, but it can allow certain bettors the opportunities to find niche sports bets. This can result in being able to find value and often offer a wider range of bets than other U.S. sportsbooks.
Pennsylvania Team Futures
Looking ahead at the sports betting market for Pennsylvania, there are some future bets that are appealing. When looking at any sports bet, you need to conduct your own research before placing any money on them.
Keep in mind that these odds listed are also subject to change at the time of writing. Some interesting futures bets are the Pittsburgh Steelers being heavily backed in making the playoffs, with a yes -278 and to have “Over 9.5” wins at -134. They are also at +1800 to win the NFL Championship.
Other popular futures bet to look into is the Philadelphia Eagles win total for the season. They are at:
- Over 7.5: +100
- Under 7.5: -121
As you can see, Pennsylvania sports fans love their home teams. However, when they are performing badly, they are not afraid of betting against them.
Overall, the pros definitely outweigh the cons. DraftKings is aiming to be the leader of the industry and has the tools necessary to do so with whatever market they enter. For Pennsylvania, it has its hands full but ultimately has made itself known as a force to be reckoned with.
DraftKings Sportsbook in Pennsylvania FAQ
- Are DraftKings sports betting app and the daily fantasy combined?
- Why would DraftKings Sportsbook need to use my social security number?
- What is the odds boost at DraftKings Sportsbook?
- Can I transfer money from a DraftKings Daily Fantasy account to a DraftKings Sportsbook account?
- What are parlay bets?
- What is the max bet for a sport on DraftKings?
Unfortunately for users who want these to be together, the sportsbook app and daily fantasy app are two separate apps. There are actually a few different apps such as the DraftKings Sportsbook, DraftKings daily fantasy, DK Live, and even the DraftKings Casino.
DraftKings Sportsbook will need your social security number to verify your identity. This is an easy step that all sportsbooks use to verify age and that you are exactly who you say you are. This is common among sportsbooks since it is a requirement of federal and state laws.
Odds boosts are a great incentive to sports bettors that want to maximize their earnings on an event. For example, a player might have odds at +100 to score 30 or more points. DraftKings might boost this to +175, so your profit would go up $75 for the same bet.
You have the option to transfer money from your DraftKings Daily Fantasy account over to your DraftKings Sportsbook account. However, it is only winnings. You cannot deposit $100 to your DFS account and turn around and transfer it to your sportsbook account without first using it in DFS contests.
DraftKings offers a handful of parlay options at any given time. A parlay is when you link multiple bets together in one slip. However, every bet you include on that slip has to win for your parlay to win. Parlays usually pay out more for this reason.
The max bet for a sport will vary by each location. However, DraftKings reserves the right to limit customers at its discretion. It does have limits for certain net payouts:
- NFL: $1 million
- MLB: $1 million
- NBA: $1 million
- NHL: $250,000
- College football: $250,000
- College basketball: $250,000
DraftKings Sportsbook Pennsylvania App
- Company Repuation
- Mobile App Design
- Mobile App Functionality
- Customer Support
- Welcome Bonus
DraftKings Sportsbook Pennsylvania Review
DraftKings, in a quick summary, has some positive and negative qualities. In our experience, DraftKings Sportsbook is one of the most polished and professional sports betting application in Pennsylvania. The design is state of the art, navigation easy to use and cashier options are comparable to any other book. The following have appeared to be the most common positives and negatives for the average user in Pennsylvania.
- Easy to place bets
- Attractive app design
- More than plenty of betting options
- Generous welcome bonus
- Offers some of the best odds compared to others
- Occasional glitches and app freezes
- Very promotional heavy, especially toward the casino side, which can be annoying at times