DraftKings is one of the popular betting sites out there. One of their biggest draws has to be the choice of markets you get. It offers DFS betting and also a sportsbook. So, naturally, the question arises: how to move money from DraftKings to DraftKings Sportsbook?
DraftKings users can only have one account per user. So, you can use the DFS account to log into the Sportsbook. Transferring does not go as smoothly as it should. You can link the accounts. But the funds can not be shared. You can, however, use the winnings from DraftKings.
Okay, that was, of course, a brief overview of it all. I wanted to go into a bit more detail. Don’t worry; I will make all the steps easy to understand and keep them simple. By the end of this article, you will be transferring money from your DraftKings to your DraftKings Sportsbook like a pro.
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How To Move Money From DraftKings To DraftKings Sportsbook?
If you are new to DraftKings, you might not know that it did not always have a Sportsbook. Its Sportsbook was launched in 2018. So, quite recently. But it has gained popularity.
It offered a ton of features. Two of the most standout ones were the betting carousel and its simplified language. Think of the betting carousel as a betting palette. Since there are so many bets on DK, this made it easier for players and bettors.
The sheer number of varieties and number of bet types available does make it a compelling choice. If you have been bitten by the DraftKings Sportsbook bug, you might also want to try it out.
The question is, do you need to deposit separate money into it? Since DraftKings originally offered DFS options, you may be wondering if you can transfer your winnings to your Sportsbook. There is good news. You can! It is easier than you think.
Linking DraftKings DFS And Sportsbook
One way to do it is by linking your DraftKings DFS to your Sportsbook account. It is pretty easy to do and does not take much time either. There are some things you need to keep in mind, though.
You can link the two accounts after you download the Sportsbook app. Do not worry about the app. It is very user-friendly and seamless to use.
In the ‘Account’ section of the app, there will be an option to link your DraftKings and DraftKings Sportsbook account. The Sportsbook is also on the website. Once you connect the two versions, the balance is shared between the two accounts. But there is something you need to know.
What You Need To Know
As I mentioned already, these two accounts share a common wallet to a certain extent – not entirely, though. When you deposit money on your DraftKings or DK DFS account, you can transfer it to the Sportsbook only if you have played it through.
Let me explain and break it down in brief so you can understand. Say you deposit $200 on your DraftKings account. Now, you want to move or transfer it to your Sportsbook account. You will need to pay $200 worth of contests to share it.
This means you won’t be able to use the funds in your DraftKings account to place bets or play games at the Sportsbook. You can use your DraftKings winnings to gamble at the Sportsbook. Keep that in mind.
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Good Practices When Using DraftKings Sportsbook
To make sure everything goes on smoothly, there is one thing you can do. Whether you want to use the winnings and transfer that to the Sportsbook or deposit money directly, make sure you have a complete account.
When you first try to set up an account, you will be asked a couple of things. DraftKings will ask you for your:
- Name
- DOB (Date of Birth)
- Address
- Phone Number
- SSN (Social Security Number)
If you have a complete profile, it just makes things easier. If you have any kind of problems, make sure that your payment and banking details are all given. They need to have the correct information as well.
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Are DraftKings Account and DraftKings Sportsbook Separate Accounts?
A single user is permitted to have one account. This means you can access all parts of DraftKings from one account. Whether it is the DFS, Casino, Marketplace, or Sportsbook, all you need is just your original account.
However, if you have not visited the Sportsbook and only used the DFS, there might be some extra steps. These are primarily security steps that DraftKings takes to make sure it is you who is logging in.
When you try to enter the Sportsbook section, DK might ask you for some additional verification. It could be something as simple as your Social Security number.
Things to Know Before You Join DraftKings
Before I wrap up, I felt it was necessary to address some important things you need to know about DraftKings Sportsbook itself. Since now you know how transferring money, or rather the winnings from DraftKings to DraftKings, works, you might want to give the Sportsbook a try.
There are two things you need to keep in mind—the legality of it and withdrawal.
The Legality Of DraftKings Sportsbook
Different states in the US have other local laws regarding sites like DraftKings and sports betting. Even DFS betting has laws around it. It is essential that you first check with your local laws and make sure that using DraftKings Sportsbook and sports betting is legal in your state.
You need to be at least 21 years old to hold a DraftKings Sportsbook account. Other laws are state-dependent. For example, in New Jersey, sporting event job holders can not join DraftKings. So, referees, players, trainers, and coaches cannot enter the site.
Specific casino employees are also not allowed to join the DraftKings Sportsbook. You can check with your employer, state’s gaming authority, or DraftKings to see whether you have a job that disqualifies you from joining DraftKings. The state of Illinois is a bit special. They have in place an in-place registration policy.
States Where DraftKings Online Sportsbook Is Legal In
To make things easier, I decided to include a list of states where DraftKings Online Sportsbook is available. DraftKings has been expanding rapidly due to its popularity.
- Colorado
- West Virginia
- New Jersey
- Pennsylvania
- New Hampshire
- Illinois
- Michigan
- Arizona
- Wyoming
- Tennessee
- Indiana
- Iowa
- Virginia
The majority of these locations were added between 2018 and 2021. So, within just a few years, a lot of states were added. This is excellent news if you want to check out DraftKings Sportsbook.
Besides, now that you know all about transferring money, knowing where the Sportsbook is legal is more relevant.
Wrapping Up
Alright then, there you have it. Now you should know everything there is to know about how to move money from DraftKings to DraftKings Sportsbook. Although you cannot move funds directly, it lets you transfer the winnings.
You do not need to just work with $200. It can be any amount that DK allows. And also, be careful and mindful of the gambling and betting laws in your state. A responsible bettor should never go against the law. Have a complete Sportsbook profile and proper banking and payment information for a smooth experience.