On selected sports, Cash Out is available for pre-game, live, future and parlay bets and can be for more or less than your original wagered amount, depending on how events unfold following your bet placement. You can see if your bet is eligible for cash out when you add it to the bet. We are regulated by the New Jersey Division of Gaming Enforcement as an Internet gaming operator in accordance with the Casino Control Act N.J.S.A. 5:12-1 and its implementing. On selected sports, Cash Out is available for pre-game, live, future and parlay bets and can be for more or less than your original wagered amount, depending on how events unfold following your bet placement. You can see if your bet is eligible for cash out when you add it to the bet slip. Win cash prizes weekly — paid out as soon as the contest ends. Looking for DraftKings Sportsbook? DraftKings Sportsbook is currently available in New Jersey, West Virginia, Indiana, Pennsylvania, and New Hampshire.
Bonuses and Promotions
Odds VS. The Competition
Market Depth & Variety
Deposit & Cash Out
DraftKings Sportsbook brings one of the biggest names in legal online sports betting to Michigan. The reputation of DraftKings Sportsbook is backed up by one of the most comprehensive betting menus of any US-facing sports betting brand.
Bettors of all experience levels will likely want to include DraftKings Sportsbook among their online sports wagering choices. The selection of sports and ways to bet puts the platform in the top tier of legal mobile sportsbooks.
Although MI offers a competitive selection of sports betting apps, DraftKings Sportsbook MI stands out as a go-to platform for Michigan bettors.
When Did DraftKings Sportsbook Michigan Sportsbook Launch?
DraftKings is intent on being one of the top options for online gambling across the US. They are normally one of the first online sportsbooks to launch when a state legalizes online sports betting. As such, DraftKings became one of the first to launch in Michigan on January 22, 2021.
See DraftKings in Action
DraftKings Sportsbook Michigan Promo Code 2021
DraftKings Sportsbook app officially launched in Michigan on January 22, 2021. They are offering new members a 20% deposit match bonus offer up to $1,000.
Terms and conditions apply.
|DraftKings Sportsbook Michigan Promo Code||Use our exclusive link to claim up to $1,000|
|Deposit Match Bonus||20% match up to $1000|
|In What States Does DraftKings Sportsbook operate?||Michigan, New Jersey, Colorado, Illinois, Indiana, Pennsylvania, New Hampshire, Iowa, Tennessee, and West Virginia|
|DraftKings Sportsbook's Land-Based Partner||Bay Mills Resorts & Casino|
|Launch Offer Verified For||February 2021|
DraftKings Sportsbook Bonus & Promotional Grade
DraftKings Sportsbook offers several different bonus offers and other promotions. Michigan bettors who sign up for a DraftKings Sportsbook account can look forward to the following offers:
- 20% up to $1000 on deposit
- Sportsbook Missions
- Daily Free to Play Pools
- Refer a Friend Offer – Refer friends to the sportsbook and get a free bet of up to $100
When you look at the types of promotions within the app or mobile website, you’ll see there are a variety of options. There are DraftKings Casino promotions, a risk-free bet offer, free-to-play games, deposit bonuses, and fantasy play promotions. With so many choices available, most Michigan sports bettors are going to find something that appeals to them every time they log in.
The 20% deposit match comes with a 25x playthrough requirement, making it tough to unlock the full $1000 unless you deposit and bet big. This knocks a point off of the sportsbook’s overall grade for bonuses and promotions.
Other Michigan sportsbooks bonus offers include:
- BetMGM: Deposit match bonus up to $500
- BetRivers: $250 match bonus
- FanDuel: Single risk-free bet up to $1000
DraftKings Odds VS. The Competition
Different sportsbooks often offer different odds and point spreads on the same game. With this in mind, Michigan bettors would do well to check the lines on a chosen game across the state’s various online sportsbooks.
Here’s a look at how the moneyline odds on Game 1 of the 2020 NBA Finals were offered at five of Michigan’s online sportsbooks:
|DraftKings Sportsbook||FanDuel||BetMGM||FOX Bet||BetRivers|
|Los Angeles Lakers||-195||-196||-200||-188||-195|
For this high-profile NBA Finals matchup, the moneyline odds at DraftKings Sportsbook stack up closely with the other four sportsbooks on this list.
The point spread and odds for the same game look like this:
|Miami Heat||+4.5 -109||+4.5 -108||+4.5 -110||+4.5 +100||+4.5 -109|
|Los Angeles Lakers||-4.5 -112||-4.5 -112||-4.5 -110||-4.5 -118||-4.5 -112|
All five sportsbooks offer the same 4.5 point spread on the game, with similar odds for each. The vig (house cut) taken by a sportsbook can be calculated in a fairly straightforward manner when looking at bets that are close to even money, such as this point spread bet.
Overall, the odds at DraftKings Sportsbook are generally competitive with other state-regulated mobile sportsbooks.
MichiganSharp.com Is Officially Licensed By Michigan Gaming Control Board To Promote Legal Sports Betting In Michigan
DraftKings Sportsbook Market Depth and Variety Grade
Players in the Wolverine State can use DraftKings Sportsbook to find a wide variety of sports that you can wager on in Michigan. This includes live in-game bets for a wide variety of both US and international sports.
In November 2020, DraftKings announced a partnership with the Detroit Pistons, solidifying its relationship with the Michigan sports betting market.
The most popular sports of the moment are listed on the DraftKings app or website so you can see what is favored by people the moment you log in. However, there are a wide variety of sports that you can choose to bet on, including the following:
- American Football – NFL games as well as college football, this includes the Lions and the Wolverines.
- Baseball – MLB (including the Tigers) and international leagues
- Basketball – NBA games (including the Pistons), college games, and international games
- Boxing – A selection of fights that are confirmed as they are available
- Cricket – ICC World Twenty20 2020 and other options
- Cycling – Tour de France 2020 and other upcoming races
- Darts – PDC, PDC Home Tour, Modus A Night At The Darts, and The Modus Icons
- Golf – The US Open, the Masters, the Presidents Cup, the Open Championship, Solheim Cup, Ryder Cup, and the PGA Championship
- Motorsports – iRacing through eNascar on Fox
- Soccer – Various games including the World Cup Qualifying games, the World Cup 2022, and international football including Champions League games.
- Table Tennis – The Setka Cup, the Women’s Setka Cup, Moscow games, and the TT Star Pro Series
- Traditional Tennis – The Men’s and Women’s US Open as well as the Men’s and Women’s French Open
DraftKings Deposit and Cashout
The convenience of mobile sports betting is complemented by the variety of secure deposit and withdrawal options at DraftKings Sportsbook. Just about any eligible player age 21 or over can find a way to fund a DraftKings Sportsbook account.
DraftKings Sportsbook Deposit Options
Reliable deposit options at DraftKings Sportsbook include ACH/eCheck, DraftKings Play+ Prepaid, and PayPal. Credit and debit cards offer another way to instantly put funds in your sportsbook account, although debit/credit card deposits are occasionally rejected by the bank.
Other ways to get money into a DraftKings Sportsbook balance include bank wire transfer and casino cage deposit at Bay Mills Resort & Casino.
DraftKings Sportsbook Cashout Options
The fastest and most convenient withdrawal methods at DraftKings Sportsbook include ACH/eCheck, PayPal, and DraftKings Play+ Prepaid. Each of these options offers a turnaround time of 2-7 days.
Check by mail and casino cage visit present a couple of other options, albeit less convenient.
Overall,the numerous ways to deposit funds and cash out when you win puts DraftKings Sportsbook in the top tier of the deposit/withdrawal category.
DraftKings Sportsbook Mobile App
Yes, DraftKings may have started as a website for daily fantasy gaming, but it has grown and offers many more options today. Not only does the brand now offer sports betting, but it also has options for making wagers on games without using a computer or a laptop.
The DraftKings Sportsbook app is available on a wide variety of devices such as smartphones and tablets. It is available on the marketplace for both Android and iOS devices, so a significant amount of the population can easily access it. Users have the option of using the website, the sportsbook app, or using both based on preference. Android users, though, will need to download the app directly from the DraftKings website as Google doesn’t allow sportsbooks apps on its platform.
The mobile app version of DraftKings Sportsbook organizes its wealth of different sports in a user-friendly fashion. The horizontal sliding bar at the top of the lobby allows you to select a sport and clicking on a given sports displays all available wagers in an easy-to-follow fashion.
DraftKings Sportsbook clearly prioritizes the look and feel of the mobile app, and it shows. Michigan bettors will find much to like about the DraftKings Sportsbook mobile app.
Michigan bettors will find that DraftKings Sportsbook presents an elite sports betting option among the many brands competing for market share in the state.
The variety of sports and ways to bet presents almost infinite wagering options. All major US sports leagues are represented at DraftKings Sportsbook, as well as many international and niche sports.
The look and user-interface of DraftKings Sportsbook offer one of the best sports betting experiences in the US industry. Both the mobile app and the desktop version present a great-looking and comprehensive sports betting experience.
Overall, DraftKings Sportsbook stands at the front of the class among legal online sportsbooks in Michigan.
Five Reasons Why DraftKings Sportsbook Is Legit
One Of The Most Recognizable Brands In The US
DraftKings is an entirely legitimate and legal way to wager on sports games and matches online. It also happens to be one of the most popular and widely used options for people who like to bet on sports, as well as those who are interested in daily fantasy sports. The company is based in the US and sponsors brands like the NHL, MLB, and UFC.
Partner Of Bay Mills Resort & Casino
In June 2020, DraftKings and Bay Mills Resort & Casino announced a partnership to launch an online sportsbook in Michigan.
The casino operates as one of Michigan’s 23 legal tribal casinos, regulated by the National Indian Gaming Commission. DraftKings Sportsbook functions as the official sports betting platform of Bay Mills Resort & Casino. The DraftKings partnership with Bay Mills, a tribal casino, could help DraftKings become one of the first apps to launch in Michigan.
Online Sports Betting Legal In Michigan
Michigan Gov. Gretchen Whitmer signed off on a package of bills in December 2019, legalizing online sports betting and casino gaming in the state. With this legislation in place, brands like DraftKings Sportsbook are free to partner with land-based casinos and offer online sports betting in Michigan.
DraftKings Sportsbook Operates In Several US States
DraftKings is a major sports betting company, and it operates in several different states.
The company is available in New Jersey under the Resorts Atlantic City license, in West Virginia through Penn National Gaming, in Indiana through Ameristar Casino Hotel, in Pennsylvania through Penn National Gaming, and in Colorado through Twin River Holdings. It also operates online sportsbooks in New Hampshire and Iowa.
Partnership With ESPN
Sports media giant ESPN signed a partnership with DraftKings in September 2020, putting the DraftKings name front and center on numerous ESPN broadcasts. The ESPN partnership doesn’t happen unless DraftKings is a legit enterprise.
Why You Should Choose DraftKings Sportsbook Over Illegal Betting Sites
If you have ever been involved in sports betting or even paid attention to advertisements related to it, you’ve probably heard of DraftKings.
It’s one of the largest companies to offer sports betting and fantasy sports services in several states across the country. The brand started as a daily fantasy sports site but later moved into sports betting for team and individual sports from around the globe. Now, DraftKings also operates an online casino.
DraftKings’ reputation as one of the world’s top sports betting brands means the company acts with great interest in providing fair games, secure deposits, and fast withdrawals. The multi-billion-dollar company uses the highest level of available security measures to ensure the safety of player funds and personal information.
When you put your money in at DraftKings Sportsbook, you do so with the certainty that you’re depositing at one of the world’s biggest and best sports wagering sites. The last thing DraftKings wants is its customers doubting the brand’s commitment to safety and fairness.
Draftkings Sportsbook Cash Out Cash
Risks Of Illegal Sports Wagering
Offshore gambling sites might seem legit, but playing on any kind of online gambling site outside of Michigan’s state-regulated platforms comes with a high level of risk.
An offshore gambling site doesn’t have to answer to shareholders the same way a publicly-traded company like DraftKings does. Offshore and illegal gambling sites are not found on the list of online sportsbooks approved and licensed by the Michigan Gaming Control Board.
These illegal platforms don’t fall under any gaming regulatory body. Playing on them is illegal, and your money and personal information might not be safe.
Wagering with any kind of outside bookmaker also isn’t recommended, especially considering the number of legal sports betting options in the state.
Why You Can Trust DraftKings Sportsbook With Your Money
Licensed And Regulated By Michigan’s Gaming Agencies
All approved online sportsbooks operators in Michigan must go through a thorough vetting process. The Michigan Gaming Control Board (MGCB) licenses all legal online sportsbooks.
Draftkings Sportsbook Deposit Options
DraftKings Sportsbook operates as a licensed partner of Bay Mills Casino Resort, one of Michigan’s 23 legal tribal casinos. As a partner of a tribal property, DraftKings Sportsbook falls under the regulation of the National Indian Gaming Commission.
Both the MGCB and National Indian Gaming Commission function as government agencies. One of the most important purposes of both groups is ensuring the security of player funds at Michigan’s land-based casinos and online gaming sites.
Confidential information (like social security numbers and banking transaction information) is protected by the highest level of security measures at DraftKings Sportsbook. These measures include encryption of private information, and SSL (Secure Socket Layer) protection safeguards.
Legal Deposits And Withdrawals
DraftKings Sportsbook must operate as a legal online sportsbook to offer the numerous legal deposit and withdrawal methods available at the site.
Transactions to and from the sportsbook using ACH/eCheck, credit/debit cards, PayPal, and other methods are just as safe as they would be for any other kind of retail transaction.
DraftKings Sportsbook Fact Table
|DraftKings Sportsbook Michigan|
|How old do you have to be to wager at DraftKings Sportsbook?||21 or over|
|What states is DraftKings Sportsbook legal in?||Michigan, New Jersey, Colorado, Illinois, Indiana, Pennsylvania, New Hampshire, Iowa, Tennessee, and West Virginia|
|Who is the retail partner of DraftKings in Michigan?||Bay Mills Resort & Casino|
|DraftKings Michigan Launch||1/22/21|
If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) (IL).
Gambling problem? Call 1-800-GAMBLER (NJ/WV/PA), 1-800-9-WITH-IT (IN), 1-800-522-4700 (CO) or 1-800-BETS OFF (IA).
21+. NJ/PA/WV/IN/IA/CO/IL/TN only. In partnership with Meadows Racetrack & Casino. Eligibility restrictions apply. See draftkings.com/sportsbook for details.
DraftKings Sportsbook Michigan FAQ
Yes. DraftKings announced its partnership with Bay Mills Resort & Casino in June 2020. The tribal property acts as the retail license partner for both the land-based and online versions of DraftKings Sportsbook in Michigan as well as the DraftKings Casino.
The Michigan Gaming Control Board approved and licensed DraftKings Sportsbook to legally operate in Michigan.
There are several different options for withdrawals. Winning bets can be withdrawn through either PayPal or a physical check that is sent to your address. Keep in mind that PayPal will be the much quicker option, as paper checks can take anywhere from a few days to a couple of weeks to reach you.
Yes. Signing up can be done from any location in Michigan and requires providing information like your name, email, date of birth, and the state that you reside in. In order to sign up for the DraftKings services, you need to be of the appropriate age for gambling, but the process is simple and straightforward.
There are about 20 different sports that you can wager on. This includes professional and college sports like basketball and football, as well as professional hockey, tennis, baseball, soccer, combat sports, and motorsports. DraftKings Michigan also offers other sports, including cricket, darts, Australian football, and cycling.
Many different options are available for depositing DraftKings. This brand allows deposits from PayPal, major credit cards, and prepaid or gift cards from major credit cards in the United States. In most cases, you can expect your deposits to hit pretty quickly so you can easily get started with wagering on sports games.
21 or older. Michigan sports betting law requires a minimum age of 21 to play on any kind of state-regulated online gambling platform. This includes online sportsbooks licensed to tribal casinos, such as DraftKings Sportsbook.
Cash Out is a term that might be new to sports bettors in the US. However, Cash Out isn’t a new feature for all sports bettors. This is a popular sports betting feature all around the world. Cash Out is great for bettors that are not confident in their live bet or want to limit risk on a wager.
What happens when you tie in poker. Cash Out allows sports bettors the opportunity to get paid for a wager before the result of the event is complete. Bettors will usually choose to cash out early from a wager for two reasons.
A bettor can take partial winnings if a wager looks good early but doesn’t seem as though it will end with a win. Similarly, a bettor can cash out early on a losing ticket so they don’t lose the entire amount of the wager.
Sometimes it’s best to take the money while it’s available on a bet that seems as though it might not end up a winner.
When can a bettor choose to cash out?
Bettors may cash out of a wager during the lifespan of the bet(s). A single game cash out will take place before the event ends. Cashing out of a parlay must take place before the last game is over. A futures wager may be cashed out until there are no more wagers taken on the event.
Bettors should note that sportsbook operators may have different rules for cashing out. Bettors should check in advance to see which kind of wagers will offer a Cash Out feature.
Some sportsbooks offer Cash Out for moneyline wagers, point spread wagers, parlays and futures bets. The option to Cash Out is particularly useful if a bettor has a futures wager on a long shot that doesn’t seem fit to finish as strong as they start.
How to cash out?
The Cash Out feature is only available for sports bettors in the US that place wagers online. Bettors can visit the active bets area of their account online to see the current price available to Cash Out.
If the bettor likes the Cash Out price being offered they simply click the Cash Out button then confirm that this is the correct action. Once complete the money will appear in the player’s financial account.
Who can cash out?
Cash Out is a sports betting feature that’s associated with mobile sports betting in overseas sportbooks. Cash Out is currently only available when placing sports bets online in the US even if the sportsbook operator has a landbased outlet at a casino or racetrack.
Online sports wagering can take place on a desktop, tablet, or mobile phone.
Draftkings Sportsbook Cash Out Cash
Where can bettors find the Cash Out option?
The cash out feature only exists at some online sportsbooks in the US. Currently, only DraftKings Sportsbook, FanDuel Sportsbook, SugarHouse Sportsbook, and 888 Sportsbookoffer the Cash Out feature.