DraftKings is one of the most top-rated and user-friendly sportsbooks in the United States. You may be considering how to deposit on DraftKings if you are a beginner to sports betting in general.
This article covers everything you need to know about depositing on the DraftKings sportsbook, including how to deposit your first DraftKings deposit. We’ll go over what to do when you get to the deposit page, the different payment choices accessible, and what it means to have a minimum deposit sportsbook.
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Table of Contents
How Does DraftKings Sportsbook Work?
In August 2018, the DraftKings sportsbook and DraftKings sportsbook app debuted in the New Jersey betting market. Outside of Nevada, this established itself as the first legal internet sportsbook in the United States. In its first month of operation, the DraftKings online sportsbook pulled in approximately $1 million in wagers.
The DraftKings sportsbook and DraftKings Casino have been launched in a number of states. DraftKings New York, DraftKings Virginia, and the DraftKings Illinois are all growing, with New Yorkers able to wager on all DraftKings sports. DraftKings is also well-known for its hefty bonuses and promotions.
The company frequently gives free bets for its online casino and sports betting platform, which you might use to play slots or wager on the Super Bowl. Furthermore, you can use your bonus dollars or current promotions, such as an odds boost, to bet on NFL week games or make use of the betting app’s vast live betting area.
Although you do not have to live in a place where DraftKings Sportsbook is legal and active to register, you must be inside the borders of a legal state and be at least 21 years old for your wager to be accepted. It only takes a few minutes to sign up for a DraftKings account. After registering, you can begin making your first DraftKings sportsbook deposit in seconds by utilizing one of the DraftKings deposit methods. The DraftKings app for smartphones and desktop sites uses the most recent SSL encryption to ensure that all transactions are secure and that you can use all the offered services.
With most consumers in the United States still unfamiliar with online sports betting, many were and still need clarification about how things work. Many gamers are still determining how to make their first DraftKings deposit. Assume you’re used to a traditional bank account and that you’ve never utilized online banking. In such a situation, you may need clarification about how things work online regarding a DraftKings initial deposit requirement or what to do if your DraftKings deposit is not working. You may also be wondering if the payment type you chose to deposit affects how you claim offers like a deposit bonus or free bets.
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How to Make an Online DraftKings Deposit
There is only one thing left to do before you begin your legalized sports betting trip once everything is confirmed and the account is ready to go. You have to create a deposit before you can place any bets, and the good news is that you have various possibilities. First, click the green “Deposit” button in the upper-right corner, then choose the method of payment you want and deposit the amount before proceeding. For example, suppose you select one of the instant deposit methods. In that case, your DraftKings account will be credited immediately once you confirm the transaction.
Debit Cards
Deposits may be made instantly using your Visa or MasterCard debit card, making it one of the most popular deposit options on any online betting site.
Credit Cards
MasterCard and Visa are accepted for instant deposits; however, a catch exists. Although gambling is allowed in some places, such as New Jersey, many banks that offer credit cards are unable to process payments made with credit cards involving internet gambling. In the first month of operation, over 75% of credit card transactions were denied, although this has since reduced to 50%. So, if you want to deposit with a DraftKings credit card, keep in mind that your bank may deny a gambling transaction.
PayPal
You can use your PayPal account to fund your gambling account. PayPal sports betting sites are becoming increasingly popular, as the payment operator is one of the most reputable and widely used e-wallet payment options. For example, customers can use PayPal to fund their DraftKings accounts, and their accounts are going to be credited immediately. On the deposit screen, tap the PayPal icon, then input your regular PayPal information to link your account to DraftKings.
Play+ Prepaid
Like an e-wallet, Play+ Prepaid is a great way to avoid debit and credit card concerns. With your checking account, you can load your Play+ Prepaid via your Visa, Discover, or MasterCard. Another advantage of a DraftKings prepaid card is the ability to withdraw. When placing a deposit using this method, please ensure you have an account with Play+.
Gift Card
To use a virtual gift card when making a deposit, pick Debit or Credit, then input your gift card information. You must first register an electronic gift card with your name and address before you can use it.
Bank Transfers
Bank transfers are still a common way to make deposits, and DraftKings accepts them. However, they differ from the remainder of the payment alternatives listed here in that they are not immediate, and your account will not be credited for a few days. Choose bank transfer, then choose your bank and input your bank account information.
The DraftKings Sportsbook Gift Card is a relatively new deposit method for the operator. It is a pre-loaded gift card that can be utilized on the book. To use the funds, select the gift card selection under payment type and enter the card number.
All of the mentioned DraftKings methods of payment are accessible in all states where the company offers online gaming. DraftKings Louisiana, DraftKings Indiana, DraftKings Sportsbook New York, and DraftKings Michigan are all part of this. Also, remember that new clients who sign up for the book are entitled to a $1,000 risk-free deposit bonus.
There is no need to put a DraftKings Sportsbook Promo Code to take advantage of this deal. All new players are welcome at sportsbook.draftkings.com. After you sign up, you can utilize this bonus on your favourite sporting event bet. The bonus offer is also available through the DraftKings betting app.
Problems with DraftKings Deposits
So you successfully made a deposit to DraftKings sportsbook (or DFS site), but the funds do not appear in your account? It is unusual but not unprecedented. There might be a delay in the money appearing in your account, so please allow a few minutes.
Have you previously had a DraftKings account and subsequently closed it? If this is the case, you may be ineligible to create and deposit in a new account. In addition, you may have requested that your account be closed, or it may have been closed due to a violation of DK betting regulations. If you believe this is a mistake, don’t hesitate to get in touch with DK support at [email protected].
If you continue to try to make a deposit and it is declined, there may be a problem with your bank or deposit methods. Check your credit card or bank information and try again. Contact your bank if the situation persists.
After you have successfully placed a deposit, you may proceed to the lobby and make a wager on any of the DraftKings sports betting markets. Making your first wager with the book is simple, but it may appear strange if you are new to gambling in general. Don’t worry. We’ve got you covered with our how-to make a bet on DraftKings guide. In addition, if your bets are accepted and you wish to withdraw, we have an excellent guide explaining how to make a DraftKings withdrawal.
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