DraftKings PA Online Sportsbook Promo Code
Back in October 2017, Pennsylvania passed a massive gaming expansion that included a path for sports betting if it ever became legal nationwide. This became a reality in early 2018 when the United State Supreme Court deemed PASPA unconstitutional and opened the flood gates for Unites States legal online sports betting.
As Pennsylvania casinos began announcing PA online sports betting tech and data partnerships with some of the biggest names in the industry, it looked like the top online sportsbook in New Jersey, DraftKings, was running out of possible suitors.
Just when it seemed like DraftKings was destined to sit out the PA online sportsbook market entirely, Penn National announced a massive nationwide deal with some of the biggest names in online gambling. What this deal means for Pennsylvania is that DraftKings PA online sportsbook is finally going to become a reality.
DraftKings PA Online Sportsbook Overview
|Online Launch||Expected Fall 2019|
|PA Casino Partner||Hollywood Casino at Penn National|
|License||Approved Oct 2018|
DraftKings PA Online Sportsbook Promo Code
|Promo Code||No Code Needed|
|Offer||$500 Risk Free Bet (expected)|
Taking a look at DraftKings New Jersey’s sign up bonus, we can catch a glimpse of what we should expect from DraftKings PA online sportsbook.
DraftKings PA online sportsbook is expected to offer a “risk-free” first bet bonus up to $500 for new sportsbook customers. You are automatically enrolled as soon as you create a DraftKings sportsbook account, so no DraftKinfs PA online sportsbook promo code is necessary.
The one time risk-free bet is applied once you make your first real money wager. After placing your first bet, you will receive a credit in your account up to $500 in the same amount which can be found under “Free Bets” under “My Account.”
For example, if you bet $350 on the Phillies -1.5, your account will be credited with a $350 free bet. If your first bet is $600 or $700, your free bet will be for $500 since the offer is only for $500.
DraftKings gives you the option to break the bonus bet into three or four smaller bets as well. For example, if you take full advantage of the $500 risk free bet, you can break it into four $125 bets or three $166.67 bets.
What Advantages Will DraftKings Have in the Pennsylvania Online Sports Betting Market?
- Great Partnership: Penn National has shown its dedication to being a major player not only just in the PA market, but nationally. They were the first to put down the $10 million application fee and recently announced a landmark deal that could change the landscape of online sports betting in the US.
- Online Experience: DraftKings has consistently been among the top online sportsbooks in New Jersey, holding the top spot for the majority of the NJ sportsbook market existence.
- Name Recognition: DraftKings DFS is one of the most recognizable in the industry, and DraftKings sportsbook has taken full advantage. Boasting a shared wallet and easy crossover from DFS to full on sports betting.
DraftKings PA online sportsbook will be available on Mac, PC, Android app and iOS (Apple) app.
DraftKings Retail Sportsbook at Hollywood Casino
It has yet to be announced if the sportsbook at Hollywood casino will be a DraftKings branded sportsbook. For now, Penn National at Hollywood casino is operating out of a $500,000 temporary sportsbook that includes six betting windows and 50 flat screen TVs (including a 110″ screen) spread over a 5000 square foot space.
Penn National has plans to open a permanent sportsbook location in the Fall 2019.
Based on what we’ve seen in the DraftKings NJ online sportsbook, we expect to see the following options:
- Online Bank Transfer
- DK Play+ prepaid card
- Paper Check
- Cash at Hollywood casino cage
Bets Offered at DraftKings PA Online Sportsbook
Based on what we have seen from DraftKings NJ, DraftKings PA Online Sportsbook will offer real money online wagers on all major sports as low as $0.10. We expect to see all the most popular betting options including single game bets, parlays up to 12 legs, round robin parlays and teasers. You have the option to display the odds in three different formats, American (+140, -200), decimal (1.5, 4.0) or fractional (20/1, 9/5).
We have found that when it comes to sports betting, online is where companies can be truly innovative. The most glaring example of this is Live Ingame betting. Live Ingame betting allows bettors to place bets as the action unfolds. This means betting on each pitch, every serve, and every down is available as the odds are constantly updating. Another innovation that DraftKings PA will offer is a “Cash Out” feature. If you want to cash out your bet before the outcome is decided, you have the option to do so on most bets. The cashout amount is based on current ingame odds.
- Baseball: MLB, College
- Basketball: NBA, College, FIBA, International Play
- Football: NFL, College
- Hockey: NHL, College
- Rugby Union
- Soccer: MLS, and a huge variety of international leagues including Champions League, La Liga, Europa etc.
DraftKings Company Information
DraftKings is one of the biggest names in Daily Fantasy Sports and was the brain child of three former VistaPrint employees. Launching three years after rival FanDuel in Boston Massachusetts, they quickly raised over $1.4 million in funding. A year after opening their doors, DraftKings raised an additional $24 million in funding from Major League Baseball, an industry first. DraftKings quickly rose to the number two DFS site in the US, and by 2014 reported 50,000 active daily users and after acquiring rival DraftStreet, nearly doubled that number.
DraftKings continued to grow and in 2015, they signed deals with the NHL and MLB, an advertising deal with ESPN worth $250 million and a funding deal with Fox Sports, the Kraft Group and other investors worth over $300 million. ESPN eventually backed out of their deal due to legal uncertainties surrounding DFS.
DraftKings had their share of legal problems including market strategy investigations and questions about if DFS is even legal in the US. This led to a $1.3 million payment to the Massachusetts Attorney General’s office.
In 2017, the two leading DFS sites in the country, DraftKings and FanDuel, announced they intended to merge the two sites, but were later blocked by the FTC, citing that the merger would cause a monopoly. The two companies owned over 90% of the market at the time.
In 2018, the Supreme Court declared the Professional and Amateur Sports Protection Act unconstitutional which allows for individual states to choose to regulate sports betting within their borders. New Jersey jumped on the opportunity and DraftKings was the first legal online sportsbook in the state launching in August 2018, almost a month before anyone else. Since then, DraftKings has sat among the top 2 sites in the state in terms of revenue and popularity.
DraftKings is now turning its attention to expanding its footprint in the US online sportsbook market. With more and more states jumping at the change for much needed revenue, DraftKings stands to be a major player in this growing market.