How to Make Money on DraftKings Casino & Sportsbook

Written by:
Mike Fatouros
Fact checked by:
Alex Windsor
Updated:
December 14, 2023

Make Money on DraftKings

If you are a sports-mad fan or a keen casino player, there is one thing you want to do when gambling online. Make bank. If you have recently joined or are considering joining DK, you want to know how to make money on DraftKings. We will run you through some tips and show you the best way to make money on DraftKings.

No matter if you’re new to online gambling or a seasoned veteran, one thing stays the same – you want to make money. While once it may have seemed that the only way to make money through gambling was with insider knowledge or via arbitrage betting — with the rise of DraftKings Sportsbook and Casino, that’s no longer the case.

In this guide, we’ll give away our expert team’s secrets to making money online at DraftKings via their sportsbook and online casino.

Strategies to Make Money on DraftKings Sportsbook

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It’s impossible to win 100% of the time. And you should never expect otherwise — but by following our top tips, you should be able to win more often. Let’s see what is the best way to make money on DraftKings as a sports betting fan from the US.

#1 Bet Late (Usually)

As the game nears, team news will leak, and if you’re paying attention, you may be able to gain a massive edge before the sportsbook realizes what’s happened.

From a personal example from earlier this year, when Chelsea played Southampton in the EPL, a Chelsea super fan leaked that star player Reece James hadn’t traveled with the team. Seeing this, I rushed to the DraftKings sportsbook and, noticing that the odds hadn’t changed, placed a bet on underdogs Southampton.

Long story short — Southampton won, and I got paid big. For insider tips, check out Reddit and subreddits like /r/sportsbook.

Tips to Win on DraftKings

#2 Avoid Big Parlays

Parlays can be a lot of fun. However, if you’re serious about making money, give the big parlays a miss. Instead, if you’re looking for a way to multiply potential winnings, try out DraftKings’ same game parlays and see if you can pick the spread plus a scorer. If you need some inspiration, DraftKings lists the most popular same game parlays for each match in the “Quick SGP” tab.

#3 Focus on What You Know

It’s better to win small than lose big. When you’re first starting off, and you’re staring at the DraftKings homepage filled with dozens of games, you might want to dive in feet first and bet on everything. But don’t. When you first start off, stick to the sports you know and the teams you know. Then, once you get more experienced, you can branch off to more teams and then maybe a new sport.

#4 Try Different Types of Bets

Moneylines are the types of bets everyone knows. But veteran sports bettors know that you need to check all the markets to find the true value. Look at the spread, the handicap, the team props, the player props — and if you don’t know what any of these terms mean, spend a couple of minutes researching them through our guides. The more you know, the more you’ll make.

#5 Use DraftKings Sports Betting Bonuses

Basic math will tell you that if you have more money to bet with, you’ll make more money in the long run — and by taking advantage of the DraftKings sportsbook welcome bonus with a $5 deposit, you can claim $200 in bonus bets.

Honestly, we prefer the FanDuel Sports welcome bonus because it’s a $1,000 no sweat bet. But it’s still bonus money, and if you’re playing at DraftKings sportsbook, you may take advantage of it. Other offers, like the DraftKings Lossback promo and the referral scheme, can grant you free money on the betting app as an existing user.

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#6 Don’t Bet with Money You Can’t Afford to Lose

You can definitely make money betting on sports with DraftKings. But you can also just as easily lose money. Even if all your predictions are based on sound logic, you never know when the referee will make a dodgy call or a star player will go down with an injury. Sports betting should always be fun. So, gamble responsibly, and only bet with money you can afford to lose.

Tips to Make Money on DraftKings Casino

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Just as you can win with the DraftKings Sportsbook, you can also win at their casino. With fixed odds games, the strategy is different. But if you follow these 4 tips, you’ll see that the DraftKings Casino is as profitable as, if not more than, the sportsbook.

#1 Pick Your Preferred Volatility

Do you want to win often, or do you want to win big? Before playing your first game, you should ask yourself — what it is you’re looking to achieve and then pick the game that will most likely accomplish that goal. Want to win big?

DraftKings big payout games

Try any of these mega jackpot games. Want a more skill-based experience that lowers volatility? Try poker. With 927 different games available at DraftKings, you can be sure that whatever you’re looking for, DraftKings will have it.

#2 Play High RTP Games

RTP (Return to Player) is the single most important metric for determining if a game is profitable. The RTP determines what percentage of your money will be returned to you on average. For example, a game like Dead or Alive 2 has an RTP of 96.82% — so when playing it, you can expect to recoup 96.82% of your stake over the long run. Unlike volatility, you always want to play games with high RTP.

#3 Use DraftKings Casino Bonuses

While the DraftKings Sportsbook welcome bonus isn’t all that impressive, the 2 casino bonuses more than make up for it. You’ll no longer find a DraftKings no deposit bonus, but you’ll get your first deposit matched 100% up to $2,000.

You can also check other DraftKings Casino bonus codes that you can get as a regular player.

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#4 Understand the Strategy

Different games require different strategies. You should always ask yourself a few questions whenever you play a new game. How can I win? If there’s a jackpot, how do I hit it? Should I participate in the side bets or just stick to the base game? If you don’t have the answer to these questions, read through the rule books or do a quick Google search before playing.

And if you’re playing a more skill-based game like poker, you should spend even more time studying the optimal strategy for any game. Any time spent studying will pay off in the future. You can even find step-by-step guides for select games, like our very own DraftKings Rocket game strategies.

DraftKings Background & Information

🖥️DraftKingsℹ️ Info
📅Founded2012
🎁Sportsbook BonusBet $5, Get $200
🇺🇸 Sportsbook Eligible StatesArizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming
🎁Casino Bonus100% up to $2,000
🇺🇸 Casino Eligible StatesCT, MI, NJ, PA, & WV

DraftKings began in 2012 as a daily fantasy sports (DFS) website primarily for Major League Baseball. This was an instant hit, so DraftKings quickly moved into all of the major American sports before moving globally to international sports like soccer.

If you listened to any podcasts back in the mid-2010s, you would’ve heard their advertisements and how they were using their daily fantasy sports to get around the then-restrictive sports betting laws.

For a while, fantasy sports was the only thing close to sports betting that US citizens could take part in. However, following New Jersey’s historic victory over Nevada in May 2018, the Professional and Amateur Sports Protection Act was declared unconstitutional, and states were given the opportunity to legalize sports betting at the state level.

With a global reputation, DraftKings quickly jumped in and had their first betting site by August of that same year. Many other states have followed since, as has their online casino. While they’ve never really been the juggernaut that they could’ve been in the sports betting industry, when it comes to online casinos, they are unmatched, having recorded $1.29 billion worth of revenue across the DraftKings brand in 2021.

Steps to Get Started with DraftKings

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Whether you’re looking to bet on sports or try your luck in the casino, getting started with DraftKings is easy. Just follow the below steps to take advantage of their welcome bonuses and start playing at DraftKings to make money today.

  1. Choose which bonus you want to take advantage of, and then navigate to your chosen site using our secure links.
  2. In the top right corner of the screen, click the “Sign Up” button.
  3. Enter your desired username and password, as well as your email address.
  4. You may also want to read the terms and conditions to ensure you’re eligible for the offer. You can check which players are eligible to play at the DraftKings online casino.
  5. Once you’ve read through, tick the box confirming your eligibility and click “Next.”
  6. You may also notice a box for typing a promo code at this step. Leave this blank, though, because if you navigate to the DraftKings website via our links, the bonuses will be applied automatically without the need for a sportsbook promo code.
  7. Then, you’ll need to provide information to verify your identity.
  8. Next, you’ll need to secure your account, after which DraftKings will use their geo-location tools to confirm your location. While the DraftKings betting app allows you to play wherever you are, we recommend doing it from home when signing up. This will help DraftKings verify your street address and further confirm your identity. Once that’s done, click “Register”.
  9. A registration message containing a unique link will then be sent to your email. Click it to verify ownership, or your DraftKings account will be suspended.
  10. That’s it. You’ve now registered at DraftKings. If you signed up to the casino, the DraftKings casino credit will be instantly added to your account;
  11. Otherwise, navigate to the cashier section and select “Deposit” to deposit money at DraftKings Sportsbook.

How to Bet on DraftKings Sportsbook

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Betting at DraftKings is simple. From the homepage, you’ll see all the sporting events starting soon, but if you have something specific in mind, you can find it by picking the sport from the menu on the side and then scrolling through to find the specific game. Once you click on it, you can look at all the markets and pick any that interests you.

The selection will go to your bet slip when you click on it. You can enter the amount you want to bet per selection. Or, if eligible, you can parlay them. When you’ve found everything you want to bet on, click the “Place Bets” option, and your bets will go live. That’s it. All that’s left is for the game to get underway.

Best Sports to Make Money on DraftKings

To start, the best sports to bet on will be the ones you’re most familiar with. While there’s nothing wrong with occasionally betting on a sport you don’t follow if you’re given a good tip, when starting off, you should mainly bet on sports and leagues that you know a lot about.

However, don’t just bet the standard overall game scores. Take a look at the spread, the player props, the handicaps — take a look at every single market for the game you’re interested in. Chances are, if you’ve done your homework, you’ll spot value in one of them. However, if not, move on to the next game available to bet real money on DraftKings.

How to Play at DraftKings Casino

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If you sign up with our links, you can play at DraftKings Casino with a deposit match. If you’ve got a game in mind, you can search for it using the search bar at the top of the screen. Otherwise, select your desired game type from the menu on the side. From there, you’ll have a selection of games to choose from.

A little tip to further improve your profitability is to click the “i” icon on the game’s image when first playing a new game. Clicking that will open up a new screen with a variety of information, including a demo mode. Click that button for free play. All the features of the usual paid game are here, except now you will only need to risk money once you’ve learned the game’s ins and outs and the optimal strategy. Once you’ve got it down pat, you can switch to the real money mode.

Best Games to Make Make Money on DraftKings

The best game to make money on DraftKings will depend on what you want. If you want a big profit, stick to the jackpot slots. But if you’re willing to study, try table games like blackjack. Either way, as mentioned in the above section — RTP is everything. The higher that number is, the more you’ll make.

Alternatively, if you’re looking to grind through bonuses, then one game stands above the rest. Blood Suckers. With an RTP of 98% and low volatility — it’s a favorite for bonus grinders everywhere. By playing it, you can almost guarantee that you’ll come out ahead with your bonuses, and maybe even a little bit more than you’d expect, thanks to some great bonus games. Before you get started, you can view our rundown of the best DraftKings slot games here.

DraftKings Winnings Withdrawal

So, you’ve done the hard work, and now you want to withdraw your winnings. That’s great. Fortunately, unlike many illegal offshore websites that make the withdrawal process a nightmare, DraftKings makes it simple.

Just click the “Withdraw” button from your account page and select from any one of their withdrawal options.

  • Paypal
  • Check
  • Online Banking
  • Apple Pay
  • Wire Withdrawals
  • Play+
  • ACH

Processing times can vary depending on the option you choose, but keep in mind that your withdrawal is subject to a couple of extra security steps, so it may take longer than 48 hours for your first withdrawal.

As a bonus tip, make sure that you do so from home when you withdraw. One of the security steps that DraftKings takes when you withdraw is making sure that you reside at the address you’ve provided. By withdrawing from home, their geo-location tools will ascertain that your current address matches your listed address, and the process will go just that little bit faster.

If you win more than you lose on DraftKings, you might want to bookmark our gambling winnings tax calculator.

Is DraftKings Legit?

Absolutely! US bettors and sports fans, in general, will be familiar with DraftKings, and they’ll all know DK as a legitimate and properly licensed platform with fair terms and conditions. The company has been a market leader in the sports betting industry.

They provide a wide range of betting options, have joined forces and partnered with some of the most prominent sports organizations in the world, and are always updating their programs and software to tailor to the interests of their users.

Whether you want to play fantasy sports to earn money by building the ultimate fantasy team or wager on your favorite pro team, it can all be done on the DraftKings platform. However, like with betting sites worldwide, complaints will be reported occasionally as many people have unrealistic expectations of winning lots of money quickly and often. If they don’t become wealthy after a while of playing, they become frustrated and take out their frustrations on the sportsbook.

If you want to make good money in betting, you will need to defy the odds and constantly build up your bankroll. With online betting more widely available than ever before, more strategies have appeared. Additionally, as tech has advanced, tools and projection systems are now used to create the perfect fantasy lineups. If you are a fan of in-game betting, you can use the latest stats information as you look to make some in-game money.

Play at DraftKings Today!

Now that you know how to make money on DraftKings, there’s no reason not to start today. Join today by following our secure links to take advantage of one of their awesome welcome bonuses: a 100% deposit bonus of up to $1,000 for their casino or the $200 in bonus bets in the sportsbook.
Now that you know how DraftKings works and the steps required to play casino

games or bet on sports – employ our tips to try and break the bank!

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FAQs

Can you make money with DraftKings?

Yes. Whether you're playing at DraftKings via their online casino or sportsbook, you can make money. The best way to make money at the DraftKings Sportsbook is to bet on sports that you know. In contrast, the best way to make money at the DraftKings online casino is to play high RTP games and study optimal strategy. For both, though, make sure to use their bonuses.

What is the DraftKings Casino welcome bonus?

DraftKings Casino offers 2 welcome bonuses. You can choose between a deposit match of up to $2,000 in bonus funds, or you could go for a deposit match of up to $100 in casino credits when you deposit a minimum of $5. The difference lies in the bonus terms and conditions.

What sports can you bet on at DraftKings?

You can now bet on just about any sport – NHL, MLB, NBA, NFL, Super Bowl, etc.. Therefore, your options range from American classics like football, baseball, basketball, and hockey — to foreign games like Aussie rules football and European soccer. Moreover, DraftKings now allows betting on eSports.

Does DraftKings have a sports betting welcome bonus?

Yes, DraftKings Sportsbook has a new customer welcome bonus in the form of free bets. You can make a bet of at least $5 and get $200 in bonus bets instantly without waiting to see if your bet wins or loses.

What are the best games to play at DraftKings Casino to make money?

The best games to play at DraftKings for making money are those with the largest skill element and the highest RTP. Think blackjack and online poker. However, do keep in mind that these games require optimal strategy to make the most money, and if you want to play them, it'll pay to do your research first. If you want to win big, navigate to their jackpots section to play progressive jackpot slots. Likewise, if you're looking for the best way to grind bonuses, Blood Suckers will be for you.

Mike has been reviewing, testing, and playing at sweepstakes casinos since they first appeared in the US. He is the person to follow and consult on everything sweepstakes casinos, from how to play, legal issues, and games analysis to making the most of each platform’s bonuses. If a new sweepstakes casino or sweeps coins bonus appears in the market, Mike will be the first to tell you about it.

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