The arrival of 2022 brought legalized sports betting to Louisiana. The state became the latest to make sports betting available online, and DraftKings was one of the first six companies to receive a license. The company first made its name offering daily fantasy sports contests. It now operates its online sportsbook and even an online casino in multiple states.
Here is a closer look at DraftKings and a few of the things that make this Louisiana online sportsbook stand out from the rest. From unique betting opportunities to an NFT marketplace, DraftKings caters to the complete sports fan. We will examine the company’s history, betting menu, and banking options. We will also consider bonuses and promotions in this DraftKings review.
About DraftKings Sportsbook for Louisiana
DraftKings is a publicly traded company that was created in 2012 by a group of friends in Boston, Massachusetts. The friends wanted to capitalize on the fantasy sports craze by offering daily contests for real money. The idea was well-received, but some states still maintained a prohibition against DraftKings platform.
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As the company sought to move into more states, it also made plans to launch a complete sportsbook. The principals of the company were able to realize that many states were moving toward legalized sports betting. By the time this started to happen, DraftKings was ready with systems in place. The very first legalized online sportsbook to appear in New Jersey was operated by DraftKings.
Since that time the company has created online platforms in:
- New Jersey
- West Virginia
- New York
DraftKings also provides live sports betting in other states via partnerships with physical casinos. The company has positioned itself to become a major provider of sports betting in the entire United States. It has also appealed to younger bettors by creating things like the DraftKings Marketplace, a place where individuals can buy and sell digital collectibles.
The DraftKings Online Sports Betting Menu
When it comes to actual betting, DraftKings prides itself on a vast menu. There is betting allowed on both professional and collegiate sporting events. This includes action on all the local Louisiana teams. You can bet on the New Orleans Saints, New Orleans Pelicans, or LSU Tigers. There is even an option for betting ping pong streamed from overseas.
The primary forms of betting are spread betting and money line betting. Spread betting is taking a position that a team will win or lose by a certain number of points. Money line betting is wagering on a team to win its contest outright.
The lines for spread betting are generated in Las Vegas and reflect the standard currently being offered throughout the United States. Spreads can move throughout the day. Some bettors believe that it is to their advantage to wager early in the day to receive the best lines.
DraftKings also offers live or in-play betting. This type of betting will allow you to place wagers after an event is in progress. There are also same game parlays which allow bettors to make wagers on multiple outcomes in the same event. You can bet on which team will win and on props such as how many points a certain player will score.
The Flash Bet is something which seems unique to DraftKings. This is a type of bet that appears for a short time. It usually offers enhanced odds which make the bet more attractive to the player. You can schedule alerts from the DraftKings app to tell you when a Flash Bet is being offered.
The DraftKings NFT Marketplace
Those who are familiar with blockchains and cryptocurrency like Bitcoin will understand the concept of an NFT, or non-fungible token. NFTs are a type of digital collectible that are stored on a blockchain just like cryptocurrency. These collectibles have become increasingly popular in 2022, and DraftKings has a whole marketplace devoted to them.
The NFTs presented by DraftKings are sports related. Players with a DraftKings account can buy some outright. Others must be purchased at an auction. Like all collectibles, NFTs are not guaranteed to go up in value. It can be a fun hobby, though, when you use your sportsbook winnings to buy these items.
Wagering With the DraftKings Mobile Sports Betting App
The best way to make bets in Louisiana and other states with DraftKings is to use the DraftKings app. There are versions for both iOS and Android devices. Just download the app to your phone or tablet and you are ready to play.
The app has access to the entire DraftKings betting menu, and all of the banking options can also be accessed. Having the mobile app is like having an entire sportsbook in the palm of your hand. Just remember that location tracking is always enabled when you use the app. The app has to verify that you are located in a Louisiana parish that has voted to allow online sports betting.
DraftKings Louisiana Deposits and Withdrawals
DraftKings has made it very easy for players in the state to fund and withdraw from their account. Players can use a credit or debt card, PayPal, or a bank account to make and receive transfers. In most cases deposits are credited immediately. DraftKings also has one of the lowest deposit thresholds of any online sportsbook. Players can deposit a minimum of just $5.
Withdrawals cannot exceed $20,000 per day, and there are no fees associated with most withdrawal methods. Some methods can take from 2-3 business days to process while others are done within 24 hours. You can also make deposits and withdrawals at the physical casinos with which DraftKings is associated.
If you intend to bet sports often, consider opting in to the Play+ debit card. This prepaid account comes with a branded DraftKings debit card that you can use for ATM withdrawals and purchases at various merchants. There is no fee for this service.
Promotions and Bonuses at DraftKings
The promotions and welcome bonuses offered to players at DraftKings can vary. At the time of this review the sportsbook was offering all new players a risk-free bet of up to $1,000. You may also receive matching bonus money that is added to your account in small increments as you wager from your actual balance.
Players at DraftKings earn crowns which can be exchanged for free bets. Players can also accept various missions from the sportsbook and use those to qualify for free bonus money. Players are advised to check the DraftKings website for the most recent details.
- Collect crowns and complete missions for free bets
- Minimum $5 deposit
- Minimum bets as low as $0.10
- Local market bets
- Some banks not allowing transfers
- New player promotions are lacking
- Some parlay options not available
Our View of DraftKings Louisiana Sportsbook
You can wager online in Louisiana with DraftKings, and you can also play daily fantasy sports for real money. That is a hard combination to beat. When you throw in things like a low deposit and low betting requirements, DraftKings may be staying at the top of the list for a while in Louisiana. If interested in horse betting, check our Bovada racebook review, AmWager review, BUSR Review, Mybookie review or even our Betamerica review. All great choice if you are in the US. 5Dimes review for folks anywhere!