Is Draftkings Legit

Visit: Draftkings Virginia

DraftKings Virginia is a safe pick for the state’s best upcoming sportsbook.

This is a brand that’s consistently the top-rated choice in other states with legal online sports betting, and for good reason. DraftKings Sportsbook is an exceptional mobile app, and members both new and old have access to a range of bonus offers. The odds are also extremely competitive, and you’ll have your pick of all US sports betting markets and most international competitions.

If you enjoy betting on your mobile device, there’s no better platform in US sports betting. But Virginia sports bettors have more reasons than that to look forward to the DraftKings Sportsbook.

DraftKings Virginia Promo Code For 2021

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Use any of our Draftkings Virginia promo codelinks (like this one) and you will get up to $1,000 deposit bonus!

DraftKings Sportsbook In Virginia: Bonus And Promotional

Grade: 4.5/5.0

The DraftKings Sportsbook welcome bonus is unique. It’s not the standard $500 risk-free bet offered by most sports betting sites and apps in the US. But it’s also not the BetRivers 100% deposit bonus up to $250. Instead, their main bonus matches your deposit by 20% up to $1,000.

Rather than the standard playthrough requirement, DraftKings Virginia will release your money in $1 increments for every $5 you bet. The bonus money that’s released is tied to a 1x playthrough requirement, which simply means you have to use it to wager on the site, you can’t simply withdraw it. But any winnings are yours to keep.

At the time of writing this review, DraftKings Sportsbook was also offering a $25 signup bonus, which means new players can receive $25 in bonus cash just for creating an account, no deposit required.

At the end of the day, the DraftKings promotions in Virginia will be excellent. We still prefer the more straightforward BetRivers offer, but this DraftKings offer is great. Plus, it’s uniquely their own, which is always nice to see as well.

DraftKings Virginia Sportsbook: Odds Vs The Competition

Grade: 5.0/5.0

Now, it’s important to state upfront that DraftKings won’t beat every sportsbook in Virginia for every sport and event. That’s simply not possible. In some cases, you’ll find better lines at FanDuel or BetMGM, that’s just the reality of online sports betting.

Virginians have the privilege of joining as many online sportsbooks as they want from anywhere in the state. So you can easily look around for the best odds before you place a bet, no problem.

The reason that DraftKings Virginia gets a perfect score in this category is that this sportsbook consistently offers the best odds in the country.

Most bettors in Virginia will stick to moneyline and points spread bets. And DraftKings is so consistent in their odds for those types of bets, you can confidently wager those without checking elsewhere. It’s still a good idea, but you’re always getting a fair shake on this app.

DraftKings Sportsbook VA: Market Depth And Variety

Grade: 4.5/5.0

The market depth and the quality of the odds go hand in hand at DraftKings Virginia. They boast an enormous user base in the US, so they can afford to provide a range of odds boosters, unique parlays, and a long list of prop bets.

That’s all on top of offering all the major professional and collegiate sports in the US as well as the most popular markets internationally, like European soccer and Aussie rules football.

So, by virtue of a huge market depth and variety, you’ll find more things to bet on, which means you can always find some enticing odds.

In terms of both variety of bets and the quality of odds, it doesn’t get better than DraftKings in Virginia.

However, DraftKings doesn’t have the international variety that William Hill offers. For the most obscure, niche sports on the planet, a brand focused on the European and Asian market like William Hill wins out.

Another area where DraftKings can do better nationwide is in the esports category. The demand for these lines is only increasing, and DraftKings already offers daily fantasy esports. DraftKings is the kind of powerhouse that can bring more esports betting to Virginia, and doing so would likely bring them to a perfect score in this category.

DraftKings Sportsbook In Virginia: Deposit And Cashout

Grade: 5.0/5.0

The DraftKings Sportsbook in Virginia offers all the most popular online banking options in US sports betting. Unfortunately, Virginia does not have any land-based casinos let, so casino cage deposits and withdrawals are not possible.

To fund your account, you can make a deposit at the DraftKings Sportsbook using the following methods:

• Debit/Credit Cards
• PayPal
• Play+ Card
• PayNearMe
• DraftKings Gift Card

To withdraw your winnings and cashout from DraftKings, you can use:

• PayPal
• Play+ Card
• ACH/Online Banking
• Check by mail

Those banking methods cover most preferences. The only option that DraftKings is missing is Skrill, which is an e-wallet similar to PayPal that’s popular among online gamblers. However, because PayPal is an option (unlike at BetRivers and elsewhere), that compensates for the lack of Skrill. Basically, at least one e-wallet should be offered for those who want to deposit and cash out using the same method but don’t want to use the Play+ card.

If you want to deposit in cash, you can use the PayNearMe method. This is where you visit a participating retailer across Virginia, such as Dollar General, 7Eleven, CVS, Rite Aid, and Walgreens, and pay in cash. You then scan your receipt, and the funds are made available in your DraftKings Sportsbook account.

DraftKings Virginia: Mobile App

Grade: 5.0/5.0

DraftKings has the best mobile app in online sports betting. That goes for both iOS and Android devices.

At the time of writing this DraftKings Virginia review, BetMGM and FanDuel had comparable ratings in the App Store. But neither has had such a consistent run of stellar performance and reliability. When you’re looking for the best mobile sports betting experience, DraftKings wins out again and again.

You do not need to worry about glitches or unexpected freezing. You can place all your bets, make deposits and cash out, claim promotions, and everything else, all through the app.

We know that to most readers, this will sound standard. In this day and age, doesn’t every sportsbook have a high-quality app? No. Unfortunately, only a select few offer a truly great mobile betting experience: DraftKings, FanDuel, and BetMGM.

While other platforms have decent apps that are worth using, some (like BetRivers) don’t offer an iOS app at all. And the apps they do offer are unreliable, glitchy, and unintuitive.

Plus, DraftKings Sportsbook is one app for all the states where it’s available. You won’t need to download “DraftKings Virginia” when the sportsbook app is legally available in the state. It can be annoying to mistakenly download the app for a different state, but DraftKings eliminates that possibility altogether.

DraftKings Virginia Sportsbook: Overall

Grade: 4.8/5.0

Admittedly, the reason DraftKings Virginia doesn’t receive a perfect score may be because we put them to a higher standard. We think there’s a bit of room for improvement in terms of promotions and market depth, so DraftKings is a hair shy of 5.0 out of 5.0.

But if somewhere were to say this sportsbook is as perfect as it gets in terms of US sportsbooks, we’d be hard-pressed to argue.

The overall quality of the DraftKings Virginia Sportsbook may not be perfect. But we can say with total confidence that this sports betting site and app is truly second to none.

Is DraftKings Virginia Legit?

Best Odds In Online Sports Betting

DraftKings charges the standard vig of -10 for points spread bets, which is the same as all the major online sportsbooks. The only time you see higher at a legitimate sportsbook is if you’re in a jurisdiction with no competition, like the state-run GambetDC was in Washington, D.C when it first launched.

But they also routinely offer better odds than anywhere else, making them among the most legit places for sports betting in the country.

Regulated By The Virginia Lottery

The Virginia Lottery is charged with approving, licensing, and regulating the DraftKings Sportsbook accessible from Virginia. This includes giving you a legal avenue to settle any disputes you might have with this sportsbook or any other.

Every sport needs to be approved by the Virginia Lottery before it’s offered, and they have to follow a long list of regulations as spelled out on the Virginia Lottery website.

Regulated By Several US State Governments

The DraftKings Sportsbook is a singular app. In some states, there’s the DraftKings Sportsbook and Casino App, but folks in Virginia do not have legal access the casino gaming. Still, the DraftKings Sportsbook app is available in a handful of other states, including Virginia. And all those states are regulating the same platform, putting an incredible amount of scrutiny on the platform, which means unrivaled player safety.

No Hidden Terms And Conditions

DraftKings Virginia puts all important stipulations front and center with all their promotional offers. It’s still a good idea to read all the terms and conditions to ensure you know exactly how the bonus works, but there’s no untoward hidden stipulation like you’d find at so many illegal sports betting sites.

Great Support Hours

DraftKings Sportsbook offers instant customer support chat from 6:00 AM until 11:59 PM every day, including weekends and holidays. And the wait time for a real person is rarely more than a few minutes.

Why Choose The DraftKings Sportsbook In Virginia Over Illegal Betting Sites?

If you’ve been betting on sports online in Virginia before it launched in January 2021, then you were technically breaking the law. But now that Virginia has legal online sports betting, there’s no need to take a risk with illegal sites. And that’s especially when you have a platform like DraftKings Sportsbook at your disposal.

DraftKings Has Better Odds

The DraftKings Sportsbook offers some of the most competitive odds on the market. Plus, they’ll have plenty of competition in Virginia. With the ability to compare a few options to find the best odds, you’ll almost always find better lines at the legal sites than at the illegal sportsbooks.

Illegal Sportsbooks Don’t Have iOS Apps

We strongly advise against downloading an Android app from an unlicensed website. But the Google Play Store doesn’t host gambling apps of any kind, so apps for illegal sportsbooks technically exist for Android. Avoid them, they could easily be a trojan horse for a virus.

But the App Store won’t host illegal sportsbook apps, and Apple won’t let you download apps from third-party sources. So the only way to bet using a sportsbook app on iPhone is by going with a legal option.

DraftKings Isn’t Going Anywhere

The DraftKings Sportsbook is available in Virginia as well as in a handful of other states. By all indications, DraftKings will only grow, so you can expect this platform to be at your fingertips for years.

But even if DraftKings did go out of business, you’d receive the money in your account, as ensured by Virginia Lottery regulations.

If An Illegal Sportsbook Disappears, So Does Your Money

Illegal sports betting sites go under all the time, and the website can disappear off the face of the earth. Good luck getting any of the money remaining in your account if that happens.

Why Can You Trust DraftKings In VA With Your Money?

DraftKings has a detailed page on its site and app about account security. Their chat support is also available most times of the day to clear up any concerns you may have. The DraftKings Sportsbook in Virginia is one of the most transparent companies out there.

In summary, DraftKings utilizes state-of-the-art SSL encryption to keep all personal and financial information protected. This is especially important because they protect members’ accounts by requiring first and last name as well as the last for digits of your SSN. That way, no one can try to open an account pretending to be you.

As part of the Virginia and national Responsible Gaming initiative, DraftKings also offers safeguards to their players, including voluntary account limitations. You can also have yourself restricted from the platform altogether (as well as all Virginia sportsbooks simultaneously) to help protect you from problem gambling.

All in all, DraftKings offers a safe and secure experience for both Daily Fantasy Sports (DFS) players and sportsbook users. You can also use the same password for both accounts from Virginia.

However, it’s important to stay diligent about personal account security, such as choosing a wholly unique password and changing it a few times a year.

DraftKings Sportsbook Virginia Fact Sheet

DraftKings Virginia Sportsbook FAQs

Yes. DraftKings Virginia was one of the first sportsbook apps to launch in Virginia in January 2021. Virginia bettors can now bet at DraftKings VA and claim a $1,o00 bonus that is available to new bettors.

Yes. The Virginia Lottery only approves legit online sportsbooks for licenses.

Because DraftKings, FanDuel, and BetRivers are available in almost all states with sports betting, it is not surprising that the Virginia Lottery approved them to operate in the Commonwealth. All are legitimate places to bet on sports, with competitive odds, strict regulations, and transparent privacy policies.

18 and 21. You can play real-money Daily Fantasy Sports (DFS) on the DraftKings DFS app in Virginia at the age of 18. However, you need to be at least 21 years old to join the DraftKings Sportsbook in Virginia. This is the standard age for sports betting across the United States, but DFS falls outside of the definition of “gambling” in most jurisdictions.

You can sign up for DraftKings Virginia from anywhere in the world as long as you’re at least 21 years old. To sign up, simply visit the website or download the app and follow the steps, including personal information. You can also deposit during signup if you so choose. However, you need to be physically inside the Commonwealth to place a bet at DraftKings Virginia. The DraftKings Virginia app is available for both Apple iOS and Android devices.

You can bet on over 20 different sports at the DraftKings Sportsbook. This includes all the major professional and college sporting events as well as international sports. However, bettors in Virginia cannot bet on in-state colleges unless it’s part of a tournament such as March Madness.

DraftKings will need to get permission from the Virginia Lottery to offer additional sports, such as esports.

You can place every type of bet at the DraftKings Sportsbook in Virginia. The only notable restrictions are that you can’t bet on in-state schools for single games, and in-game betting is not allowed for college sports at all. Otherwise, DraftKings Virginia offers unfettered access to moneyline bets, points spreads, futures, totals (over/under), parlays, teasers and pleasers, prop bets, and live, in-game betting.

DraftKings is one of the biggest and most highly respected daily fantasy sports sites out there, but are they really worth all of the hype and are they Legit?

Bottom line: YES. DraftKings is a great site for daily fantasy sports and they have a lot to offer. Recent changes in U.S. laws also imply that the site will be offering a lot more in the future.

If you want to learn more about DraftKings, you’ve come to the right place. Here, we will give a brief overview of the site, what they offer, and highlight some of the specific contests they offer and give some insight into how to effectively play those games. We’ll even talk a little about where the site is headed. Here is a look at Draftkings in 2018-2019.

Draftkings Top 2021 Promotion

If you are new to DraftKings, they are currently running a promotion for a free $3 contest entry when a first time deposit of at least $5 is made. The ticket is worth $3, and eligibility restrictions apply. See the website for details.

History

DraftKings is based out of Boston, Massachusetts. The company was founded in 2012, and soon surpassed other DFS sites offering similar games in terms of popularity. The company has inked deals with Major League Baseball, Fox Sports, and the National Hockey League over the last few years. These partnerships have helped the company to continue to grow and eventually become the biggest name in fantasy sports.

It is estimated that there are about 8 million users of the site. The site currently has several different types of contests and continues to expand its offerings and audience.

Legality

One of the big questions about fantasy sports is, “is this legal?” For the most part, yes. Daily fantasy sports are legal, even when money is put at risk, in most of the U.S. There are a handful of states that do not allow this. These states currently include Alabama, Arizona, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada, and Washington. Residents of these states cannot win cash prizes at DraftKings, or any other DFS site. In some of these states, residents can open accounts, they just can’t win cash prizes. If you have more questions about the legality of DFS in your state, feel free to get in touch with a legal expert on the matter.

Other than that, sites like DraftKings are completely legal. In fact, there are changes coming that will lead to even more features from DraftKings. Things like sports betting can now be decided on a state by state basis, so it is expected that DraftKings will offer this feature in the near future.

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What You Will Find

DraftKings offers a number of exciting contests, spanning a wide variety of sports. Current sports offered include MLB, NHL, NBA, NFL, PGA, NASCAR, Soccer, WNBA, CFL, League of Legends, and MMA. These do change from time to time, but you will find that DraftKings is at the forefront of the industry when it comes to sports offered. They have more sports than any other major DFS site out there. Automatically, this puts DraftKings at the front of the pack when it comes to a potential audience.

As far as the games that are offered, the vast majority of contests offered come in a similar form. You have a certain number of roster spots that need to be filled, and a certain amount of salary cash that you can use. This naturally restricts the quality of the athlete that you can draft, especially after you have started filling roster spots. This, obviously, requires a very specific strategy. This topic will be covered in its own section.

Beyond that, there are some unique differences between the games and the sports that are covered. For example, in a PGA or MMA tournament, all of the athletes are on the same standing. They all do the same thing during their performance time. In a baseball game, that’s very different. Because of this, you can’t draft a team with nine first basemen. Depending on the sport, you will be restricted by position played, too. Each sport also offers its own unique scoring system. Again, to maximize your ability to score fantasy points in your contest of choice, a very specific strategy will be necessary. Keep reading to learn more about this.

When it comes to specific contests offered, DraftKings has a few different options. One of the more popular contests offered is called a Showdown. Here, you will see fantasy team managers draft a team and compete for a small number of cash prizes. These tend to have really low entry fees with proportionally higher payouts. For example, you might pay a quarter to win a top prize of $35. Or, you might pay $33 to win a top prize of $135. The number of entrants can vary, depending on the specific contest. This might be as few as ten people, or it can go up into the thousands.

DraftKings also offers Pick ‘Em contests. With these, you are asked to select players from specific tiers. There’s no salary cap in these leagues, like there are in the previously described in this section. For example, in an MLB contest, you will select one player from Tier 1, one from Tier 2, and so on, until you have filled up all of your roster slots. This is a different type of contest because of the lack of salary but is very similar and easy to understand if you’ve mastered a salary cap approach to drafting teams.

Prizes

Most prizes are in cash form. What you need to do to win a cash prize will vary depending on the format you’re in.

This is not the only prize structure that’s offered, though. There are satellite contests out there, where you can win a ticket for free entry into another, bigger tournament. These can be quite exciting, especially if you don’t want to pay for some of the larger entry fees, but still want access to the biggest prizes offered at DraftKings.

Prizes range in size. A first place finish can return as little as a couple bucks, or as much as over a million dollars. Lower ranked finishes can return a fraction of the entry fee, to many thousands of dollars. Again, these prizes depend on the size of the contest, the payout structure, and the entry fee that you paid. Typically, the more you pay to enter, the higher the payout will be when you win.

Strategy

There are a lot of different strategies that you can use to effectively win DFS contests at DraftKings. There’s not nearly enough space on this web page to go into all of those strategies, but we can highlight a couple here for you. But, if this is something that you are interested in learning more about, we do have more information available for you. Feel free to search around on the site to go into more detail on this very rich topic.

Value

In a salary cap league, value is one of the biggest factors in determining success. This concept is a fairly simple one and can be transferred over to other aspects of life, like shopping at the grocery store or buying shares of stock in a company. Think about it like this: would you pay $4.00 for a loaf of bread when you can get the same thing at another store for $1.50? Of course not! Not if you have the choice, anyway. No one wants to pay more than they need to for something.

Value is similar in a fantasy league. If you can get a strong Quarterback on your roster for $8,000 of your salary, why would you pay $9,000 for another QB that is expected to return the same results? When you go with the cheaper QB, you are expecting the same results, but you save $1,000 that can then be applied to another position that will eventually help you to score more fantasy points as a result.

There are many different ways to approach value, but however you do, these basic principals will guide your decisions.

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Tier Systems

In their Pick ‘Em leagues, DraftKings employs a tier system for ranking players. In these leagues, team matchups are extremely important. For example, if you are looking to draft LeBron James as a top tier player, but the Cavs are playing the top defensive team in the NBA, then James might not be a good choice here. Sure, he’s a great player, but in this particular instance, his point scoring capability is limited just because of who he’s playing.

This same concept can be applied in a salary cap league. If you have two players of similar quality and price range, the one who has the most favorable matchup will end up being the better choice. In fact, sometimes the more expensive player will be better, or sometimes the player with a lower fantasy point expectation will be the better choice. Matchups can account for variations in expected fantasy point total, and that ultimately influences what they will do come game time.

Now, it’s important to remember something. The end goal of a fantasy sports contest is to score as many points as possible—not save money or choose good matchups. Sometimes you will need to take these things into account, but they are only methods of achieving your overall goal. If you remember this, then whatever strategy you employ will have more efficacy when it comes to winning your contest.

The Future at DraftKings

DraftKings is currently the biggest daily fantasy sports site on the web. FanDuel, the next largest DFS site, was once the leader of the industry, but DraftKings passed them a few years ago, and has kept growing since then. The question is, what does this growth say about the future of DraftKings?

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Well, for one, it’s safe to say that DraftKings is not going anywhere. This is especially true considering that the U.S. government recently ruled that sports betting is an issue that must be addressed on a state by state basis. It’s likely that the states mentioned above will continue to restrict the use of DraftKings by its residents. However, because it is a state decision, the status of DFS, and now sports betting, will be determined by the state. One single decision by Congress cannot overturn this now. DraftKings, and DFS in general, is now more protected than it ever has been. Thanks to their strong reputation and increased security when it comes to data, DraftKings is safer to use than every before. That’s a big win for the fantasy sports fan.

Next, we can look forward to an expansion of services from DraftKings. Sports betting is going to be added in the near future, and this means that more people will be coming to the site. This will only help as the site continues to grow and add more features to help benefit their clientele. It’s still unclear exactly what the DraftKings sports betting platform will look like, but it will be a strong one. The site has been working on this platform since 2016 when they were able to introduce sports betting in the UK, so we can be assured that when it comes to the U.S., we will have a strong product.

Finally, advances in technology will help to make DraftKings a better overall site. The blockchain technology is quickly being integrated into industries beyond the Bitcoin business and has helped companies like IBM and beyond to increase security on their sites. This will be beneficial to any site that has financial transactions conducted on them to be safer and faster. DraftKings will likely incorporate this technology in the coming years and speed up cash transfers, all while making them even more secure. They are already one of the safest sites on the web, and this will only make them stronger.

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Draftkings Frequently Asked Questions

1. Does it take a long time to get your Money from Draftkings?
   • We’ve seen payouts within 24 hours and we’ve seen it take over a couple of weeks. This will all be dependent on how secure everything is when you signed up and the method you are receiving your money. With so many factors these days, just be sure to have everything in order to receive your payout quick.
2. Is DraftKings better than FanDuel?
   • In essence they are very similar. The objective is the same for both DFS sites. It will come down to which interface you like more and the customer service factor. A lot of people will end up with accounts at both sites, so that helps you pick which will be better for your needs. As a whole we like DK better, but FanDuel is still a great site.
3. Is playing on Draftkings legal?
   • Yes, There has been a lot of chat over the past couple of years whether daily fantasy sports is legal or not. It turns out that there are many different factors when it comes to DFS. Now that the US Supreme Court has left it up to the states to make their decision in sports betting, things should get a lot easier. Currently, there are nine states in the United States that forbid DFS. Will this change for those states; is still unknown. With the latest ruling, you would think most states will allow it for revenue purposes. No matter where you live, make sure you follow all laws when it comes to these activities.
4. Are there strategies someone can follow to make them a better player?
   • There are defeinitely strategies you can use when it comes to making selections. No matter the sport, it helps to have some kind of method to the madness. Learning about DFS strategies may not be the most exciting thing, but if it gives you some help compared to just guessing you may be better off.
5. Does Draftkings offer a cryptocurrency deposit method?
   • Currently there is no deposit method for Cryptocurrency. We’ve heard rumors of a Bitcoin deposit method or other coins. Sportsbooks around the world do offer some kind of Bitcoin payment, but until this is fully announced by DK, there is nothing you can do with this method.
6. When will the DraftKings Sportsbook Open to residents in the US?
   • This is what DK is banking their future on. As soon as states give the green light you can be sure they will jump on it. The platform and customer service is fully in the works, but they do have to follow the laws. A Draftkings sportsbook is what a lot of fantasy players are looking for to go on top of their fantasy play.
7. Are there sites or apps that help make picks on Draftkings?
   • Yes, currently there are dozens of services and apps to help you make a better lineup. The growth of DFS has also grown widely in the development of all kinds of new technology. If you can search for these things you will see the top 10 makers offering all kinds of methods and strategies.

September 2020 Update – A lot has changed in the world of online sports betting. Check out perkybets.com for all of the latest information about betting on sports in your state.

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Final Thoughts on DraftKings

DK is the leader in the world of daily fantasy sports. Whether you’re a casual sports fan, or a diehard stats geek, DraftKings has something to offer you. Playing fantasy sports can help us to enjoy the sports that we already love even more by helping us to get more into the games. If you’re looking for a great, safe place to play fantasy sports, DraftKings is one of the first places that you should be looking. We hope this Draftkings review will help you make the right decision. Be sure to check out the latest look at FanDuel vs. Draftkings.