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DraftKings has no plans of leaving New Jersey anytime soon. The Boston -based company unveiled its new 7,500-square-foot office in Hoboken. To put that into perspective, the DraftKings Sportsbook at Resorts Atlantic City is 5,000 square feet. There are more than 50 employees working inside the new digs that feature state-of-the-art technology. New Jersey was the state that led the charge in overturning PASPA, and it began offering sports betting on June 14, 2018. DraftKings Sportsbook became the first legal online option in The Garden State when it launched in August 2018. DraftKings Sportsbook users can wager on the vast majority of teams, sports and events. However, some state betting regulations prohibit wagering on certain sports or athletic events. New Jersey and New Hampshire, for example, do not allow betting on collegiate sports teams from within their jurisdictions. These prohibited bets will not be shown. Must be physically located in the State of New Jersey. Must be 21 years of age or older. Available to all patrons with DraftKings Casino Online accounts. Offer Requirements. Must have a DraftKings Casino real money account. Must be physically located in the Commonwealth of Pennsylvania, State of New Jersey or the State of West Virginia.
What do you get the sports-mad fan who has everything? Well, that’s easy………..the DraftKings Sportsbook Gift Card.
The DFS provider turned sports betting operator has just launched a brand new gift card to be used on their sportsbook platform.
If you are a regular participant in Daily Fantasy Sports competitions, it is likely you have used or are using the DraftKings website, or mobile app. If you are someone who prefers to purchase a physical card for digital platforms such as video games, you can now do the same for online casinos and sports betting sites where it is legal. The DraftKings gift card online provides the same service for internet gambling.
DraftKings Sportsbook is one of the biggest sportsbooks in the United States, along with FanDuel. By introducing gift cards, DraftKings will now have the opportunity to grow its brand. Numerous retailers are now offering DraftKings gift cards to customers. Is it the perfect gifto give when you haven’t got a clue what to buy someone?
For example, the IN online sports betting industry features DraftKings, so players in Indiana can purchase a DraftKings sportsbook gift card. For anyone who is a regular sports bettor, a DraftKings gift card from Walmart could make the perfect holiday present. These retail gift cards are the first to launch in the online gambling market. There is no other prepaid card out there that features a company’s branding.
Where To Buy DraftKings Gift Cards
You have likely come across different gift cards for various brands in retail stores. The retailers sign partnerships with finance companies such as InComm Payments to attract customers in that way. Players can also purchase an InComm card and add funds to their gaming account and top it up that way. DraftKings gift cards will be available to buy at locations such as:
- 7-Eleven
- Dollar General
- Sheetz
- Speedway
Although DraftKings sportsbook is the first gambling operator to striker a deal of this nature, many brands already accept prepaid cards as a means to deposit. Using a prepaid card at DraftKings is already possible through payments with the Game On card.
The gift cards currently come in two denominations; $25 and $50. They can only be used once and are only available on a retail basis. Once the gift card has been activated, a DraftKings customer can use it to enter into daily fantasy contests, play casino games, or bet on sports on their sports betting app.
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The gift cards will be available to purchase nationwide, but bear in mind the digital products DraftKings offer online will be subject to local regulations. For example, anyone in New York who can access the NJ sports betting industry can use the cards on online sportsbooks and also the DraftKings casino.
Alternatively, if you are struggling to find somewhere that has a DraftKings gift card, you could search for ‘DraftKings sportsbook gift card near me’ to see if there is a suitable location. As we mentioned above, the DraftKings gift card would make the perfect holiday present among other fantasy sports gifts. DraftKings has a presence on many NFL betting apps, and new customers can also access welcome offers such as free bets.
The use of these gift cards also must follow stringent regulations regarding responsible gambling. This is similar to using a credit or debit card to fund DraftKings accounts. In terms of players collecting their winnings, DraftKings withdrawal times vary depending on which payment method you choose.
You may also want to read: FanDuel Sportsbook vs. DraftKings Sportsbook and you can learn more about the new Game On Card – the latest sportsbook gift card to hit the market.
How Gift Cards Comply With Responsible Gambling
Every jurisdiction with a regulated online gambling industry has programs tailored for individuals with gambling issues, such as self-exclusion lists. The retailers that stock and sell gift cards don’t have these programs in use to stop selling them to anyone who appears on a list; however, DraftKings deal with that themselves.
Upon the news of the DraftKings gift card, a spokesperson for the company said they take responsible gaming measures “seriously.” The spokesperson also added that releasing a gift card “does not bypass any of the controls in place” surrounding their responsible gaming measures. DraftKings has been keen to stress that this gift card is just another payment method, and the usual controls in place will apply.
For bettors who tend to use cash over digital banking methods, the news of an available gift card is positive. With the rules and regulations around responsible gambling, a gift card is another option to convert that money into funds for entertainment. So go Make It Reign.
DraftKings Sportsbook Gift Card FAQs
What states can you wager in using the DraftKings sportsbook gift card?
Sports betting is not legal in all US states and you can only bet using the gift card in the following states: New Jersey (NJ), Indiana (IN), Illinois (IL) Pennsylvania (PA), West Virginia (WV), Colorado (CO), Tennessee (TN), & Iowa (IA).
Who sells DraftKings gift cards?
DraftKings has partnered with InComm Payments to provide $25 and $50 gift cards for customers. They will be for sale t numerous convenience stores such as:
- 7-Eleven
- Dollar General
- Sheetz
- Speedway
Additionally, they will be able to buy in pharmacies and general merchandise retailers. Make sure you check which stores have them before making a trip to buy one.
What can I use the DraftKings gift card for?
The primary function of a DraftKings gift card is for customers to add money to their DraftKings sportsbook (or DFS) accounts. It is a convenient way to add funds before you start betting on sports or if you want to play some slots at the DraftKings online casino.
Up To $1,000 Deposit Bonus
DraftKings has no plans of leaving New Jersey anytime soon. The Boston-based company unveiled its new 7,500-square-foot office in Hoboken.
To put that into perspective, the DraftKings Sportsbook at Resorts Atlantic City is 5,000 square feet.
There are more than 50 employees working inside the new digs that feature state-of-the-art technology.
Of course, the New Jersey office does not quite measure up to the corporate headquarters that opened just last month in Boston’s Back Bay section. That one comes in at 105,000 square feet.
But make no mistake: The Garden State is a key player in DraftKings’ current and future growth.
Paul Liberman, COO and co-founder, spoke to media members last Tuesday about the importance of being in New Jersey.
“This is turning into our gaming hub. A lot of our talent here is for our overall sports betting product. It’s not just New Jersey related. As we expand nationwide, New Jersey is going to have a more critical role.”
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The origins of DraftKings date back to 2012 when Matt Kalish, Jason Robins, and Liberman co-founded the daily fantasy sports company. And it started out of his spare bedroom.
The DFS product is now available in 42 states, with Alabama recently coming onboard.
At the time, the reality of legalized NJ sports betting was still facing a major hurdle: overturning the Professional and Amateur Sports Protection Act (PASPA).
But expanding into the world of sports betting was indeed on the radar.
After all, DraftKings NJ holds the distinction of being first to launch an NJ sports betting app and the first of its kind outside Nevada.
“I think a lot of people counted us out because we’ve never been in regulated gaming and regulated gaming markets. One thing about the culture of DraftKings is we love challenges and overcoming those types of challenges.”
From upstart to sports betting leader
Looking back at the other mobile online sportsbooks that launched prior to the start of the 2018 football season, the majority of the other players were established casinos or bookmakers. The list includes:
- PlayMGM Sports(Aug. 22)
- PlaySugarHouse NJ(Aug. 23)
- FanDuel Sportsbook (Sept. 1)
- William Hill NJ(Sept. 1)
- Caesars Sportsbook(Sept. 6)
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But DraftKings’ sports betting revenue puts them in first or second place on a monthly basis. FanDuel has a firm grip on the top spot at the moment.
For Liberman and the DraftKings team, it was mission accomplished.
“Believe it or not, about a year and a half ago, we said we wanted to launch our sportsbook on Aug. 1, 2018, assuming PASPA got overturned. The team was able to turn it around on Aug. 1 at 5 p.m.”
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Testing began with a soft launch, and the rest is history.
There’s an app for that, too
It’s no secret that mobile apps such as DraftKings are the key to becoming the top sports betting market in the land. And now, it’s no longer just chatter.
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Nevada released its revenue figures late last week, and the Silver State enjoyed its best May ever with a handle of $317,380,281.69.
But New Jersey took the sports betting crown with a handle of $318,940,677.
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And online sports wagering continues to be a huge contributing factor. In May alone, $263.5 million came via mobile and online devices, accounting for 82.6% of the overall handle.
Jamie Shea, head of digital sportsbook at DraftKings, explained that mobile betting “really lends itself so well to live betting.”
“If you want to bet while the game is going on, it’s such a quick turnaround. You’ve got like 30 seconds to make these wagers. To have mobile betting is really important.”
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The concept also lends itself to some great promotional offers. DraftKings, for instance, made May 14 free to bet day, celebrating the one-year anniversary of PASPA’s fall.
Yes, something is in the works for the August anniversary, too. Shea and the DraftKings team are not quite ready to spill the beans just yet.
Crossing the sports betting bridge
It’s highly likely that wherever legal sports betting is accepted, DraftKings will find a way to become a major player in the market
Think about it. The mobile app was just phase one.
In November, DraftKings opened a permanent retail sportsbook in Atlantic City. It’s now one of the more popular places to bet. You also may have heard about the DraftKings Online Casino, which is integrated with the sportsbook app.
Liberman is certainly pleased with the New Jersey online casino’s performance to date. In fact, he’s quick to point out that a lot of players also like table games. The cross-selling has already garnered headlines as Resorts AC posts ever-growing NJ online gambling revenue.
DraftKings also has sportsbooks in Mississippi at the Scarlet Pearl. And the company hopes to launch online in West Virginia via a licensing agreement with Penn National Gaming.
It’s highly likely that scenic NYC view from Hoboken will be one of many down the road for DraftKings. Indiana,Tennessee, and maybe just maybeNew York are now on the radar.
Liberman and the DraftKings team are ready for that next challenge.
“The industry is growing faster than we projected, and it’s been amazing to see. I would say it has passed our own internal projections.”