DraftKings was unveiled to much fanfare back in 2012 when the company started out as a daily fantasy sports platform, but as more and more states have lifted the prohibition on sports betting, DK entered the unique world of sports betting too.
And, so far, it has proven to be a wise one. DraftKings Sportsbook was launched in 2020, and by January 2021, they had released their online platform in Michigan.
With a retail sportsbook in MI too, DK has a considerable presence in the state – but are they a top sportsbook, or do bettors have better options at their disposal? Our DraftKings review investigates.
Is DraftKings Sportsbook legal?
Governor Gretchen Whitmer legalized online sports betting in Michigan back in December 2019, and while DraftKings wasn’t the first operator to make the move to the Great Lakes State, it didn’t take too long for them to get involved.
And so, since January 2021, DraftKings Sportsbook Michigan has been live and legal on state soil. They have been licensed and approved by the Michigan Gaming Control Board ever since.
DK is also legal in many other states too, for added peace of mind.
How to sign up at DraftKings Sportsbook
Signing up at DraftKings Sportsbook is a seamless process.
- Head to their sportsbook site using the links here. Once you arrive, click on the ‘sign up’ button on the welcome bonus banner.
- This will take you directly to the registration page, where you will need to enter your personal details that let DK confirm your identity and address.
- Once your location has been confirmed, your account will be set live.
Like many of the best sportsbooks in Michigan, DraftKings offers a welcome bonus to its new customers, which is a $1000 deposit bonus. With a minimum deposit of $5 all the way up to a maximum of $1000, DraftKings will match 20% of the first deposit amount.
Be sure to look out for the latest DraftKings promo codes so that you can claim the most up-to-date promotions.
How to place a bet at DraftKings
Once your DraftKings account has been approved and your first deposit made, you are free to place your first wagers. The process is nice and easy.
- You’ll see a list of sports on the left-hand side of the homepage, so pick the one(s) that most interests you. For this DraftKings Sportsbook review, we’ve opted for football.
- Click on your selected sport, and a dropdown menu of the available competitions will appear, and in our case, we’re diving straight in with some NFL betting.
- Select your favorite competition, and you will see a list of the available games and the main odds. In football, these are the money line, spread and total (there are many other bet types to choose from via the sliding menu).
- We want to bet on the Los Angeles Rams to beat the Buffalo Bills, so we click on the green odds found in the money line box, which adds them directly to our betslip.
- We can then place our bet by entering our wager amount in the box provided, double-checking the amount and hitting the place bet button.
If you want to keep going and place a parlay bet, just keep adding selections to your betslip in the manner described – you can place single wagers, or add your wager into the parlay box that appears on your slip.
Of course, this works differently on the DraftKings app. Here you simply tap on the picks that you want to take and then enter your wager using the keypad that will appear on the screen of your device.
Where can you bet at DraftKings?
There are several ways you can wager with DraftKings in Michigan. If you prefer to bet online, this is of course legal in the state as our Michigan betting guide will confirm. Simply find the DraftKings Sportsbook on your device’s browser to get started.
For another option, there’s always the DK app that you can download on your Apple and Android device. DraftKings app review scores are positive, with 4.8 out of 5 on the App Store and 4.6 in the Google Play store highlighting why this might be the best option for your sports bet in Michigan.
Where is DraftKings Sportsbook located in Michigan?
For in-person betting, there is only one place you can visit:
- The Bay Mills Resort & Casino in Brimley
DraftKings Sportsbook bet types
One reason DraftKings is so popular with bettors is because of the sheer breadth of betting bet types they offer.
Let’s go back to our Los Angeles Rams hosting the Buffalo Bills example. We’re met with the money line, spread and total (also known as over/under) options straight off the bat, but look up to the header menu and you will see plenty more options to choose. There are alternate spreads and totals, quarter/half odds, player/team/game props and more available.
This comprehensive approach continues across the spectrum of sports too, so bettors seeking a wide range of options will feel right at home with DraftKings.
DraftKings sportsbook odds
To really get a handle on DraftKings’ odds, we need to compare their prices to the main competition in Michigan.
Again, let’s take a deep dive into that Bills-Rams game to see how their NFL game lines stack up. DK makes this a pick ’em game for the money line bet type at -110, and yet with other sportsbooks, we can get longer odds on the Bills as an underdog (but shorter prices for the Rams).
For totals and spreads, DraftKings offers a great range and are in line with the rest of the industry – over/under 52 points is the total for this game and was the most popular option at their main competitors too.
It’s always worth exploring the futures odds as well, and we have selected the NBA Championship as our example. What’s really impressive here is that DK offers the best price in Michigan for two of the three top favorites, although the trade-off is that they have less attractive odds for those teams lower down the board.
DraftKings Sportsbook live streaming
You can access live streaming action via the DraftKings website and app, and while the selection isn’t always exhaustive, you will still find plenty to keep you entertained.
European and Asian basketball is one of the most popular options, as well as some soccer, hockey, tennis and more.
You can bet with one click too, so the disruption to your viewing is kept to a minimum if you find some value to wager on.
Banking deposits and withdrawals at DraftKings
There’s a variety of ways in which you can add funds to, and withdraw them from, your DraftKings account. Deposit methods include:
- Online banking
- Credit and debit cards (Visa, Mastercard and Discover)
- VIP Preferred e-check
- Wire transfer
- DraftKings gift card
- Electronic gift cards
To withdraw your winnings, most of the same options are available:
- Online banking
- VIP Preferred e-check
- Play+ Prepaid Card
- Wire transfer
Processing times vary, but you can expect your money to be with you in up to five working days. The wait time is shorter for PayPal and online banking.
DraftKings also has some of the highest limits for withdrawals, with as much as $20,000 per transaction allowed when cashing out.
Overall DraftKings Sportsbook review
One of the great things about DK is its cross-platform approach, which ensures excellence across the board. Our DraftKings Casino review would be just as positive as this sportsbook review has been.
Both their website and app have been designed by somebody who clearly understands the industry and its nuances. That’s why it’s so quick and easy to find your preferred sports and bet types, pick out your odds and then place your bet.
There’s no shortage of sportsbooks in Michigan, but few have the pedigree of DraftKings, which delivers all the basic functions that a sports betting site should, plus plenty more. We’re talking about great promotions, live streaming and a single wallet that can be used across sports, casinos and daily fantasy, as just three perks worth highlighting.
As we’ve discovered, DraftKings rarely undercut their competitors when it comes to their odds and prices, but they are regularly competitive and often times among the most generous of the major books for the most popular bet types and futures prices, particularly in the NBA .
There really aren’t any major negatives that we’ve found, so we can simply sign off this DraftKings review by heartily recommending them to bettors new and old alike in Michigan.
Sportsbook Rank: Five Stars out of Five
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