As one of the premier online sportsbooks in the country, DraftKings would be a great fit in Texas if the Lone Star State were to legalize sports betting. The question is whether that will happen and if it does, what can Texans expect from DraftKings Sportsbook?
But first, a quick history lesson; in 2018 the US Supreme Court repealed the Professional and Amateur Sports Protection Act, commonly referred to as PASPA. That repeal gave states the power to permit sports betting, which had been legal only in Nevada since 1949.
Since 2018, a number of states have authorized mobile and/or retail sportsbooks. The laws in each state differ, and the path to legalization varies, as well. In Texas, it is fairly simple, but that doesn’t mean it will be easy.
In short, a constitutional amendment is necessary, which means the Texas House and Senate need to approve a bill by two-thirds majority. At that point, residents would vote on the matter. If approved, sports betting would then be legal in the state.
How is DraftKings positioned in Texas?
When it comes to gambling in Texas, few legal options exist. But lawmakers have explored changing that landscape. And DraftKings already has a presence of sorts in the Lone Star State.
While legislation has ultimately (and repeatedly) fallen short of passage, lawmakers have attempted to set up a relatively inclusive sports betting industry. That includes allowing professional sports teams and racetracks to launch retail and online sportsbooks in Texas. As a result, multiple operators would have had avenues into the state’s regulated wagering industry.
As noted, DraftKings already has a platform available to Texans, courtesy of its daily fantasy sports app. So, the operator certainly has a sizable customer database if the state ever does legalize sports betting.
That said, DraftKings Sportsbook does not operate in any states surrounding Texas, as those jurisdictions have either not legalized or launched regulated betting or online wagering. For example, Arkansas features an operational and legal betting industry, but it is limited to retail and does not include DraftKings. Louisiana voters approved mobile betting, but the industry has yet to launch and likely won’t for some time as lawmakers hash out a regulatory framework.
DraftKings, though, does offer a retail and mobile betting app in Colorado and has proven to be aggressive in expanding its footprint in as many states as possible.
In addition, DraftKings has been part of a group that has pushed for sports betting legalization in Texas. Legislation in 2021 was backed by the Sports Betting Alliance, which included DraftKings, four other sports betting operators and a number of pro teams in the state. No doubt, then, DraftKings Sportsbook has Texas circled as a state to offer its regulated wagering service.
DraftKings’ relationship to Texas teams and leagues
It comes as no surprise that Texas is a sports-crazed state. DraftKings is firmly embedded within that world.
Start with the aforementioned Sports Betting Alliance. While DraftKings was not the only operator to join the group, it did essentially align itself with 13 professional teams that call Texas home. That includes the likes of:
- Dallas Cowboys
- Houston Texans
- Houston Astros
- Texas Rangers
- Dallas Mavericks
- Houston Rockets
- San Antonio Spurs
On top of that, DraftKings has had existing relationships with several pro franchises in the Lone Star State, including becoming fantasy sports partners of the Cowboys, Rockets, Astros, and Rangers.
It doesn’t stop there. In September 2020, DraftKings extended its partnership with MLB as the league’s DFS partner, a deal that dates back to 2012. As part of the agreement, DraftKings receives brand integration during games.
DraftKings has had similar DFS deals with other leagues, including the NFL, NHL, PGA, NASCAR, and UFC. Some partnerships have since been expanded, including making DraftKings an authorized gaming operator of the NBA and MLB, official betting operator of the PGA Tour and UFC, and an official sports betting partner of the NFL.
What DraftKings brings to the table
DraftKings is already offering its daily fantasy sports app in Texas. If and when it opens an online sportsbook in the state, DFS accounts will work for the sportsbook product, as well. The sportsbook is accessible via DraftKings’ website and app, which is available for Android and iOS.
Pros and cons to DraftKings Sportsbook
DraftKings’ promotions run the gamut, from giving users money back for lost bets to increasing profits for winning bets and even basically providing free money thanks to can’t-miss bets.
DraftKings also makes it easy to place and track yours bets with its bet slip. Whenever you select bets in the app or website, the odds display in your slip. As soon as you add a bet amount, you’ll see the potential payout.
The sportsbook still has a few ways it could improve, though. The biggest addition would be allowing for same-game parlays for NBA, NFL, and MLB games. Same-game parlays give users the ability to pair multiple bets from the same game into one wager, and top DraftKings rival FanDuel already offers same-game parlays for all those leagues.
Bets available at DraftKings Sportsbook
While DraftKings might not offer same-game parlays right now, it does offer just about every other bet you could want. Here are some of the most popular options:
- Moneyline: Place a bet on the side that you think will win. The bigger the negative odds number, the larger the favorite and the less money you stand to win betting on that team. Meanwhile, the larger the positive number, the bigger the underdog and the more money you could win.
- Point spreads: An estimated margin of victory helps even the playing field between two teams. For you to win, the team you bet on needs to cover the spread, either winning by a certain amount or more (if it’s the favorite) or avoiding losing by that amount or more (if the underdog).
- Totals: Wagers on the total combined score by both teams in a game; it doesn’t matter which team wins.
- Parlays: Combine multiple picks as part of a single wager to receive better odds. For instance, if you bet $100 on the Dallas Mavericks, Houston Rockets and San Antonio Spurs to all cover the spread one night, and they all did, you’d win just under $600 However, if you get just one of your picks wrong, you win nothing.
Like many online sportsbooks, DraftKings has welcome bonuses and daily boosted odds, and it runs additional promos nearly every day.
DraftKings will welcome new customers by matching their first deposit up to a certain amount as well as providing a matched bet. Regular DraftKings users, meanwhile, can benefit from daily boosted odds wagers, profit boost promotions and parlay insurance offers. However, the best promos are “no-brainer bets.” Examples include a bet on a starting QB to complete a single pass or a touchdown being scored during wild card weekend. Basically, no-brainer bets are sure things, so keep an eye out for when they are offered.
History of DraftKings
DraftKings has been around since 2012, when it began operations as a DFS provider. It was a few years later that DraftKings really became famous, or infamous to some, thanks to a seemingly around-the-clock abundance of TV ads.