Cash Out Draftkings Sportsbook

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  1. Draftkings Sportsbook Deposit Options
  2. How To Cash Out Draftkings Sportsbook App
  3. How To Close Draftkings Account
  4. Cash Out Draftkings Sportsbook Picks
  5. Draftkings Sportsbook Withdrawal

Visit: Draftkings Virginia

DraftKings, FanDuel, PointsBet, BetMGM, and many other legal U.S. Sportsbooks offer the Cash Out feature. The feature may be called something else, such as a Buy Out, so be sure to read up on what is offered at the sportsbook of your choice. In the U.S., the Cash Out feature is one that is exclusive to online and mobile betting. Brick-and-mortar sportsbooks are not known to offer Cash Outs. DraftKings Sportsbook must operate as a legal online sportsbook to offer the numerous legal.

DraftKings Virginia is a safe pick for the state’s best upcoming sportsbook.

This is a brand that’s consistently the top-rated choice in other states with legal online sports betting, and for good reason. DraftKings Sportsbook is an exceptional mobile app, and members both new and old have access to a range of bonus offers. The odds are also extremely competitive, and you’ll have your pick of all US sports betting markets and most international competitions.

If you enjoy betting on your mobile device, there’s no better platform in US sports betting. But Virginia sports bettors have more reasons than that to look forward to the DraftKings Sportsbook.

DraftKings Virginia Promo Code For 2021

Use any of our Draftkings Virginia promo codelinks (like this one) and you will get up to $1,000 deposit bonus!

DraftKings Virginia Promo CodeUse our exclusive link for up to $1,000 deposit bonus
Deposit Bonus20% up to $1,000
What States Allow DraftKings SportsbookVirginia, Colorado, Illinois, Indiana, Iowa, Michigan, New Hampshire, New Jersey, Pennsylvania, Tennessee, West Virginia
Promo Code Verified ForFebruary 2021

DraftKings Sportsbook In Virginia: Bonus And Promotional

Grade: 4.5/5.0

The DraftKings Sportsbook welcome bonus is unique. It’s not the standard $500 risk-free bet offered by most sports betting sites and apps in the US. But it’s also not the BetRivers 100% deposit bonus up to $250. Instead, their main bonus matches your deposit by 20% up to $1,000.

Rather than the standard playthrough requirement, DraftKings Virginia will release your money in $1 increments for every $5 you bet. The bonus money that’s released is tied to a 1x playthrough requirement, which simply means you have to use it to wager on the site, you can’t simply withdraw it. But any winnings are yours to keep.

At the time of writing this review, DraftKings Sportsbook was also offering a $25 signup bonus, which means new players can receive $25 in bonus cash just for creating an account, no deposit required.

At the end of the day, the DraftKings promotions in Virginia will be excellent. We still prefer the more straightforward BetRivers offer, but this DraftKings offer is great. Plus, it’s uniquely their own, which is always nice to see as well.

DraftKings Virginia Sportsbook: Odds Vs The Competition

Grade: 5.0/5.0

Now, it’s important to state upfront that DraftKings won’t beat every sportsbook in Virginia for every sport and event. That’s simply not possible. In some cases, you’ll find better lines at FanDuel or BetMGM, that’s just the reality of online sports betting.

Virginians have the privilege of joining as many online sportsbooks as they want from anywhere in the state. So you can easily look around for the best odds before you place a bet, no problem.

The reason that DraftKings Virginia gets a perfect score in this category is that this sportsbook consistently offers the best odds in the country.

Most bettors in Virginia will stick to moneyline and points spread bets. And DraftKings is so consistent in their odds for those types of bets, you can confidently wager those without checking elsewhere. It’s still a good idea, but you’re always getting a fair shake on this app.

DraftKings Sportsbook VA: Market Depth And Variety

Grade: 4.5/5.0

The market depth and the quality of the odds go hand in hand at DraftKings Virginia. They boast an enormous user base in the US, so they can afford to provide a range of odds boosters, unique parlays, and a long list of prop bets.

That’s all on top of offering all the major professional and collegiate sports in the US as well as the most popular markets internationally, like European soccer and Aussie rules football.

Withdraw

So, by virtue of a huge market depth and variety, you’ll find more things to bet on, which means you can always find some enticing odds.

In terms of both variety of bets and the quality of odds, it doesn’t get better than DraftKings in Virginia.

However, DraftKings doesn’t have the international variety that William Hill offers. For the most obscure, niche sports on the planet, a brand focused on the European and Asian market like William Hill wins out.

Another area where DraftKings can do better nationwide is in the esports category. The demand for these lines is only increasing, and DraftKings already offers daily fantasy esports. DraftKings is the kind of powerhouse that can bring more esports betting to Virginia, and doing so would likely bring them to a perfect score in this category.

DraftKings Sportsbook In Virginia: Deposit And Cashout

Grade: 5.0/5.0

The DraftKings Sportsbook in Virginia offers all the most popular online banking options in US sports betting. Unfortunately, Virginia does not have any land-based casinos let, so casino cage deposits and withdrawals are not possible.

To fund your account, you can make a deposit at the DraftKings Sportsbook using the following methods:

Draftkings
  • Debit/Credit Cards
  • PayPal
  • Play+ Card
  • PayNearMe
  • DraftKings Gift Card

To withdraw your winnings and cashout from DraftKings, you can use:

  • PayPal
  • Play+ Card
  • ACH/Online Banking
  • Check by mail
Options

Those banking methods cover most preferences. The only option that DraftKings is missing is Skrill, which is an e-wallet similar to PayPal that’s popular among online gamblers. However, because PayPal is an option (unlike at BetRivers and elsewhere), that compensates for the lack of Skrill. Basically, at least one e-wallet should be offered for those who want to deposit and cash out using the same method but don’t want to use the Play+ card.

If you want to deposit in cash, you can use the PayNearMe method. This is where you visit a participating retailer across Virginia, such as Dollar General, 7Eleven, CVS, Rite Aid, and Walgreens, and pay in cash. You then scan your receipt, and the funds are made available in your DraftKings Sportsbook account.

DraftKings Virginia: Mobile App

Grade: 5.0/5.0

DraftKings has the best mobile app in online sports betting. That goes for both iOS and Android devices.

At the time of writing this DraftKings Virginia review, BetMGM and FanDuel had comparable ratings in the App Store. But neither has had such a consistent run of stellar performance and reliability. When you’re looking for the best mobile sports betting experience, DraftKings wins out again and again.

You do not need to worry about glitches or unexpected freezing. You can place all your bets, make deposits and cash out, claim promotions, and everything else, all through the app.

We know that to most readers, this will sound standard. In this day and age, doesn’t every sportsbook have a high-quality app? No. Unfortunately, only a select few offer a truly great mobile betting experience: DraftKings, FanDuel, and BetMGM.

While other platforms have decent apps that are worth using, some (like BetRivers) don’t offer an iOS app at all. And the apps they do offer are unreliable, glitchy, and unintuitive.

Plus, DraftKings Sportsbook is one app for all the states where it’s available. You won’t need to download “DraftKings Virginia” when the sportsbook app is legally available in the state. It can be annoying to mistakenly download the app for a different state, but DraftKings eliminates that possibility altogether.

DraftKings Virginia Sportsbook: Overall

Grade: 4.8/5.0

Admittedly, the reason DraftKings Virginia doesn’t receive a perfect score may be because we put them to a higher standard. We think there’s a bit of room for improvement in terms of promotions and market depth, so DraftKings is a hair shy of 5.0 out of 5.0.

But if somewhere were to say this sportsbook is as perfect as it gets in terms of US sportsbooks, we’d be hard-pressed to argue.

The overall quality of the DraftKings Virginia Sportsbook may not be perfect. But we can say with total confidence that this sports betting site and app is truly second to none.

Is DraftKings Virginia Legit?

Best Odds In Online Sports Betting

DraftKings charges the standard vig of -10 for points spread bets, which is the same as all the major online sportsbooks. The only time you see higher at a legitimate sportsbook is if you’re in a jurisdiction with no competition, like the state-run GambetDC was in Washington, D.C when it first launched.

But they also routinely offer better odds than anywhere else, making them among the most legit places for sports betting in the country.

Regulated By The Virginia Lottery

The Virginia Lottery is charged with approving, licensing, and regulating the DraftKings Sportsbook accessible from Virginia. This includes giving you a legal avenue to settle any disputes you might have with this sportsbook or any other.

Every sport needs to be approved by the Virginia Lottery before it’s offered, and they have to follow a long list of regulations as spelled out on the Virginia Lottery website.

Regulated By Several US State Governments

The DraftKings Sportsbook is a singular app. In some states, there’s the DraftKings Sportsbook and Casino App, but folks in Virginia do not have legal access the casino gaming. Still, the DraftKings Sportsbook app is available in a handful of other states, including Virginia. And all those states are regulating the same platform, putting an incredible amount of scrutiny on the platform, which means unrivaled player safety.

No Hidden Terms And Conditions

DraftKings Virginia puts all important stipulations front and center with all their promotional offers. It’s still a good idea to read all the terms and conditions to ensure you know exactly how the bonus works, but there’s no untoward hidden stipulation like you’d find at so many illegal sports betting sites.

Great Support Hours

DraftKings Sportsbook offers instant customer support chat from 6:00 AM until 11:59 PM every day, including weekends and holidays. And the wait time for a real person is rarely more than a few minutes.

Why Choose The DraftKings Sportsbook In Virginia Over Illegal Betting Sites?

If you’ve been betting on sports online in Virginia before it launched in January 2021, then you were technically breaking the law. But now that Virginia has legal online sports betting, there’s no need to take a risk with illegal sites. And that’s especially when you have a platform like DraftKings Sportsbook at your disposal.

DraftKings Has Better Odds

The DraftKings Sportsbook offers some of the most competitive odds on the market. Plus, they’ll have plenty of competition in Virginia. With the ability to compare a few options to find the best odds, you’ll almost always find better lines at the legal sites than at the illegal sportsbooks.

Illegal Sportsbooks Don’t Have iOS Apps

We strongly advise against downloading an Android app from an unlicensed website. But the Google Play Store doesn’t host gambling apps of any kind, so apps for illegal sportsbooks technically exist for Android. Avoid them, they could easily be a trojan horse for a virus.

But the App Store won’t host illegal sportsbook apps, and Apple won’t let you download apps from third-party sources. So the only way to bet using a sportsbook app on iPhone is by going with a legal option.

DraftKings Isn’t Going Anywhere

Sportsbook

The DraftKings Sportsbook is available in Virginia as well as in a handful of other states. By all indications, DraftKings will only grow, so you can expect this platform to be at your fingertips for years.

But even if DraftKings did go out of business, you’d receive the money in your account, as ensured by Virginia Lottery regulations.

Draftkings Sportsbook Deposit Options

If An Illegal Sportsbook Disappears, So Does Your Money

Illegal sports betting sites go under all the time, and the website can disappear off the face of the earth. Good luck getting any of the money remaining in your account if that happens.

Why Can You Trust DraftKings In VA With Your Money?

DraftKings has a detailed page on its site and app about account security. Their chat support is also available most times of the day to clear up any concerns you may have. The DraftKings Sportsbook in Virginia is one of the most transparent companies out there.

In summary, DraftKings utilizes state-of-the-art SSL encryption to keep all personal and financial information protected. This is especially important because they protect members’ accounts by requiring first and last name as well as the last for digits of your SSN. That way, no one can try to open an account pretending to be you.

As part of the Virginia and national Responsible Gaming initiative, DraftKings also offers safeguards to their players, including voluntary account limitations. You can also have yourself restricted from the platform altogether (as well as all Virginia sportsbooks simultaneously) to help protect you from problem gambling.

All in all, DraftKings offers a safe and secure experience for both Daily Fantasy Sports (DFS) players and sportsbook users. You can also use the same password for both accounts from Virginia.

However, it’s important to stay diligent about personal account security, such as choosing a wholly unique password and changing it a few times a year.

How To Cash Out Draftkings Sportsbook App

DraftKings Sportsbook Virginia Fact Sheet

How old do you have to be?21
What states is it legal in?VA, CO, IL, IN, IA, MI, NH, NJ, PA, TN, WV
Who is the sportsbook's partner in Virginia?N/A
Launch date in VirginiaJanuary 24, 2021

DraftKings Virginia Sportsbook FAQs

Is the DraftKings Sportsbook available in Virginia yet?

Yes. DraftKings Virginia was one of the first sportsbook apps to launch in Virginia in January 2021. Virginia bettors can now bet at DraftKings VA and claim a $1,o00 bonus that is available to new bettors.

Is the DraftKings Sportsbook a legit place to bet on sports in Virginia?

Yes. The Virginia Lottery only approves legit online sportsbooks for licenses.

Because DraftKings, FanDuel, and BetRivers are available in almost all states with sports betting, it is not surprising that the Virginia Lottery approved them to operate in the Commonwealth. All are legitimate places to bet on sports, with competitive odds, strict regulations, and transparent privacy policies.

What is the age requirement for DraftKings in Virginia?

18 and 21. You can play real-money Daily Fantasy Sports (DFS) on the DraftKings DFS app in Virginia at the age of 18. However, you need to be at least 21 years old to join the DraftKings Sportsbook in Virginia. This is the standard age for sports betting across the United States, but DFS falls outside of the definition of “gambling” in most jurisdictions.

How do you sign up for DraftKings Sportsbook Virginia?

You can sign up for DraftKings Virginia from anywhere in the world as long as you’re at least 21 years old. To sign up, simply visit the website or download the app and follow the steps, including personal information. You can also deposit during signup if you so choose. However, you need to be physically inside the Commonwealth to place a bet at DraftKings Virginia. The DraftKings Virginia app is available for both Apple iOS and Android devices.

How To Close Draftkings Account

What sports can you bet on at DraftKings Virginia?

You can bet on over 20 different sports at the DraftKings Sportsbook. This includes all the major professional and college sporting events as well as international sports. However, bettors in Virginia cannot bet on in-state colleges unless it’s part of a tournament such as March Madness.

Cash Out Draftkings Sportsbook Picks

DraftKings will need to get permission from the Virginia Lottery to offer additional sports, such as esports.

Draftkings Sportsbook Withdrawal

What types of bets can you place at DraftKings Sportsbook Virginia?

You can place every type of bet at the DraftKings Sportsbook in Virginia. The only notable restrictions are that you can’t bet on in-state schools for single games, and in-game betting is not allowed for college sports at all. Otherwise, DraftKings Virginia offers unfettered access to moneyline bets, points spreads, futures, totals (over/under), parlays, teasers and pleasers, prop bets, and live, in-game betting.