- 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 makes the process of initiating a withdrawal just as simple as making a DraftKings deposit. You have played some daily fantasy sports contests at DraftKings, are doing well and it’s now time to take some of your excess bankroll off the table by making a DraftKings withdrawal.
- Draftkings Sportsbook Cash Out Lottery
- Draftkings Sportsbook Deposit Options
- Draftkings Sportsbook Cash Out Slots
Similarly, DraftKings offers multiple options for cashing out your winnings: PayPal; Bank Transfer; Check; Casino cages (Mississippi, New Jersey, New York) Cashing out isn’t quite as easy as betting, unfortunately (the story of every gambler’s life). Withdrawals to PayPal take anywhere from 2-8 days, while checks can take 2-3.
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.
Although other sportsbooks have adopted it, DraftKings is one of the pioneers of the Live Play feature that allows customers to cash out or buy out of a bet while the game is in progress. What types of devices can run the DraftKings sportsbook? DraftKings Sportsbook is available in Virginia through the DraftKings Sportsbook app and DraftKings Sportsbook website and offers dozens of American and international sports for users to bet on. There are also many different bet types that are unique to DraftKings such as live, in-game betting, Sportsbook Pools and Teasers+.
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.
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.
Legal and Licensed
- Tons of player props
- Up-to-the-Second Live Betting
- Best teaser pricing
- Clean, user-friendly interface
Lions, Tigers, and… Wolverines? That’s just the tip of the iceberg for Michigan sports bettors – oh my. Legal, regulated sports betting is now available in the Great Lakes State and leading the way is none other than the immensely popular DFS-turned sportsbook operator: DraftKings.
With years of experience in Daily Fantasy Sports, it should come as no surprise that DraftKings is highly adept at creating a fun, efficient mobile platform. DK Sportsbook first landed in the U.S. in New Jersey in 2018, and has been consistent in its expansion to virtually every state that has legislation to allow it. As of January 22, 2021, DraftKings Sportsbook is live and accepting legal bets in Michigan.
DraftKings Sportsbook MI Bonus Offer
DraftKings Sportsbook offers a 20% up to $1,000 first deposit match bonus to new sign ups in the state of Michigan. Let’s break it down:
| DraftKings Sportsbook MI Promo Code | Just click here |
| Free Bet | $100 Free Bet |
| Casino Bonus | $100 Casino Credits |
| MI License Partner | Bay Mills Resort Casino |
| Online Launch | TBA |
After creating your DraftKings MI account, the sportsbook will award you bonus credits that are equal to 20% of your first real money deposit. As an example, if you deposit $1,000 you will receive $200 (20%) in free site credits. Before the bonus cash can be withdrawn, there is a 25x playthrough requirement that must be satisfied. For every $25 played, $1 in of bonus is unlocked and eligible for withdrawal. After the deposit has been made, users will have 90 days to clear the bonus.
While it’s tricky to clear in its entirety, any activity on DraftKings Casino or DraftKings DFS contests will also count.
When did DraftKings Sportsbook Launch in Michigan?
DraftKings Sportsbook MI accepted its first online bets on January 22, 2021. While it took more than a year from legalization to rollout, the wait is officially over. Place your bets.
DraftKings Reputation: Clean as a Whistle
DraftKings has established itself as a titan of iGaming after years of dominance in Daily Fantasy Sports. The company is no stranger to hosting and paying out millions in sports related contests every day. Having expanded its reach, DraftKing’s online casino and sportsbook operations have been both quick to market and extremely well executed – they know their way around a mobile app.
DraftKings was established in 2012, and as of April 2020 is publicly traded on the NYSE (DKNG). It’s as legit company and operation – you can trust DraftKings.
In addition, DraftKings has partnered with the Bay Mills Casino in Brimley, Michigan. All bets placed on DraftKings are as secure as the ones made directly at the casino.
Account Creation
Anyone that is at least 21 years old and located inside the state of MI is eligible to bet with DraftKings Sportsbook. Signing up doesn’t take long at all. Using any of the links on this page will send you over to the DK homepage. Click the large sign up button to get started. The first page of the registration process is pretty simple. Select your Username, enter an email address, and choose your password. Notably, there is a ‘Promo Code’ field – you don’t need to use it, just leave it blank.
On the next couple of pages you’ll be prompted to provide additional personal details, including:
- First Name
- Last Name
- Birthday
- Address
- Phone Number
- Last 4 Digits of Social Security Number
Don’t be worried about providing your SSN, it’s a standard part of the online sports betting process in the U.S. – it is required by every sportsbook, in every state. The operator needs to have it so that they can confirm that you are who you say.
Geolocation
Lastly, before you can legally place a bet, the installation of a geolocation plugin is required. This handy little piece of software, in combination with your WiFi connection, will be able to determine exactly where you are. Once logged-in you’ll be redirected to a page with convenient links for download:
After it is installed it will work its magic and approve you for betting. If you aren’t inside the state of Michigan you can still deposit, withdraw, and browse the lines and available bets on DraftKings sportsbook, but you won’t be able to finalize a wager until you’re back in-state.
Deposit Easily, Get Paid Fast
Making deposits and cashing out winnings is never a concern with a regulated online sportsbook like DraftKings. Michigan bettors will have access to a cashier that is packed with options. You can deposit with credit cards, eWallets, cash, or even link your to your bank account directly. Popular options include:
- Credit Cards – Usually Visa/MasterCard, though AMEX and Discover are also a possibility.
- ACH/eCheck – An easy, convenient digital check.
- Online Bill Pay – If your bank offers online bill pay features, you’re good to go.
- PayPal – You can use PayPal for a million things, including deposits and withdrawals from DraftKings Sportsbook. If you don’t have a PayPal account, you can set one up really easily.
- PayNearMe – Start the deposit process online and DraftKings will shoot you a barcode. Print it out, or save it on your phone and take it over to a nearby 7Eleven, Family Dollar, or CVS Pharmacy and they can scan the barcode and ring you up for a cash deposit right at the register.
- Cash at the Casino Cage – Another benefit of regulated iGaming is that each online sportsbook and casino is usually tied to a brick-and-mortar establishment. In Michigan, DraftKings has partnered with the Gun Lake Casino where you will be able to deposit in-person with cash at the casino cage.
- Bank Wire – They’re not the fastest option, but you can arrange for a wire transfer to or from your DK account.
- Paper Check – Checks are typically just used for withdrawals, but sometimes DraftKings will offer the option to cut you a paper check and mail it over to your registered address.
Bet via Mobile App or Browser
DraftKings online sportsbook is available everywhere in the state of Michigan, on pretty much any device you could envision using to place a bet with. Primarily, bettors rely on either using a traditional web browser or the DK mobile app.
Bet From Your Computer
To bet with your computer, simply visit the DraftKings Sportsbook MI website and log-in to your account. The book itself will be laid out nicely, and a major benefit to accessing it through a browser is that there is plenty of screen space to hunt for the right wager.
The home page generally offers the current, ongoing games right up front in case you wanted to get involved in live betting. A little further down you’ll have important upcoming contests. You can also navigate the book by choosing the sport you want to bet on, which is located at the top of the screen.
After you’ve narrowed it down, you just have to click the bet you want and it automatically populates on your betting slip with the current odds. Type the amount you want to put up, and hit the button. Bing, bang, bet.
DraftKings Sportsbook Mobile App
On top of betting from a browser, it’s also possible to download the DraftKings mobile app to your smart phone or tablet. With it you can take the entire sportsbook with you, no matter where you are in the state of Michigan. The app is available or iOS and Android devices alike – visit your chosen app store or the DraftKings MI website for a direct download link.
After logging-in, the overall aesthetic should largely mirror what you find when betting from a computer. However, due to being on a smaller screen, the use of space will be slightly different. It’s still super easy to navigate between different sports and bet types, though when it comes time to place a bet your betting slip will appear from the bottom of the screen as opposed to being on the right, like it is on a browser.
Overall, DraftKing’s years of experience running DFS contests through its mobile app come in handy. It’s a polished product that is easy to use, and lacks major flaws. From the app you can conduct all major account functions including both deposits and withdrawals, you can contact support, check promotions, and more. Give it a try.
DraftKings Safety and Security
To put it simply, DraftKings Sportsbook is as trustworthy as it gets. The company is operating in the state of Michigan through a partnership with the Bay Mills Resort & Casino, an established brick-and-mortar property located in Brimley – on the Upper Peninsula.
Michigan was the next state in a long line of successful online sportsbook rollouts for DraftKings. You can already catch them in states across the country, including the likes of New Jersey, West Virginia, Indiana, Pennsylvania, Iowa, Illinois, Tennessee, Colorado, and more.
In addition, all Michigan online sportsbooks must comply with, and meet the standards set forth by the Michigan Gaming Control Board. The MGCB’s watchful eye has been keeping MI gamblers protected since its inception in 1996. The organization in general is accessible and transparent in its practices. Public meetings are even available at regularly scheduled times at its Detroit office. If there are issues, you can trust they will be addressed in a timely manner.
Michigan Betting Markets and Types
Fortunately, when Michigan legalized online sports betting it did a solid job of providing operators like DraftKings with a clean slate. Basically every major sports, professional and collegiate, is up for grabs, including (but certainly not limited to):
- Soccer
- Hockey
- Combat Sports (UFC/Boxing)
- Golf
- Motor Sports
- Cycling
- Tennis
- Rugby
- Cricket
… and when it comes to the types of bets, the world is your oyster. Bet the moneyline, an over/under, spreads, props, or futures. You can also engage in live, in-play betting as the action takes place. For example, you can wager on who wins the next Set, Game, or even Point during a tennis match. Bettors also have the ability to build fun, creative parlays that offer up the chance at a massive payday.
Pool Betting
DraftKings offers a couple of handy features/game types that allow users to engage with their bets a little differently, like Pools. DraftKings Pools are a lot of fun – you enter the pool with a set buy-in, but then get to make lots of mini-bets within it. For example, during a basketball game participants might be asked questions like which star player will score the most points? Will anyone in the game have a double/double? Which team wins? etc., etc.
Once the game or event is over, whoever was most accurate with their picks and tops the leaderboard will take the biggest prize.
DraftKings Rewards
If you’re familiar with DraftKings’ “Crowns” program for DFS rewards… unfortunately that knowledge won’t help you much here. DK elected to create an entirely different rewards scheme for their sportsbook/casino.
The sportsbook loyalty program is centered around “Missions”. The more missions you complete, the more promotions you’ll have access to. Odds boosts, free bets, and exclusive deposit bonus offers are just a few examples of what you can unlock.
We wish it was more of a cut and dry – bet X amount receive X back in rewards – but everything related to the loyalty missions hinges on the DraftKings team evaluating your activity and awarding you accordingly. It may not be exact or comparable from person to person.
Regardless, there IS value here, which always makes a difference in the world of sports betting where the margins are often razor thin.
Additional Promotions
Separate from the rewards program, DraftKings offers many of the same public promos and extras in Michigan as it has in other states. These include: Free bets, bet insurance, boosted odds on specific wagers, unique bonuses, and more. Navigate over to the ‘Rewards’ section and then click on ‘Promotions’ to see what’s currently available. Offers listed here would be up for grabs regardless of your Missions/Loyalty status.
Support
In Michigan, like other states with DK Sportsbook, bettors have access to knowledgable, competent support representatives through a variety of methods, including:
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- Live Chat
- Phone
You never have to worry that support will ghost you on an important question, which can happen with offshore sites. All of the DraftKings resources are at your fingertips.
DraftKings General Info
DraftKings was founded in 2012 in Boston, Mass., initially focusing on Daily Fantasy Sports contests. Before long the company was everywhere, agreeing to partnerships with major sports leagues and networks like the MLB, NHL, NFL, ESPN, and FOX.
In May 2018 the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), enabling each state to individually legislate sports betting. Just a few months later DraftKings was the very first operator to go live in the New World of regulated betting, launching its online sportsbook in New Jersey.
Draftkings Sportsbook Deposit Options
Just a few months after its initial foray into sports betting, DraftKings debuted its first online casino in December 2018, also in NJ.
Draftkings Sportsbook Cash Out Slots
In the time since DraftKings has generally been first, or one of the first to begin accepting online wagers in each new state to approve betting. Michigan officially became on of DK’s active states in January 2021.