best way to deposit money into draftkings

Shares of the Boston-based company have been on a tear, more than tripling this year, as DraftKings gained new customers and pared its quarterly losses. Companies often employ such offers when trying to get a foothold in a newly authorized state or region.ĭraftKings has been offering the $1,000 bonus in 22 states, in a promotion running from July 1 to Dec. Since the Supreme Court allowed to expand beyond Nevada in 2018, some 37 states now offer it. While the plaintiffs aren’t alleging the promotion made them addicts, marketers of a known addictive product should take special precautions to minimize that risk, the filing said.īonus bets for new users have become a regular feature of sports wagering as it has spread across the US. The institute is a nonprofit known for aiding in litigation against cigarette companies, vaping gear manufacturers and other addictive products.

“The institute ignored our multiple attempts to engage in an in-person dialogue to carefully examine their concerns and, instead, filed suit.” “As a customer-first organization, DraftKings takes consumer protection and responsible gaming seriously,” the company said. In a statement, DraftKings said it disagrees with the claims in the suit and intends to vigorously defend itself.

The bonuses also can’t be redeemed for cash or transferred.Īccording to the complaint, “DraftKings knew, or should have known, that its advertisement and promotion was deceptive to their target customers, who were new to sports betting and were extremely unlikely to understand the gambling lingo in the fine print.”

In order to obtain that amount, a customer needs to deposit $5,000 and wager $25,000 within 90 days, according to the suit filed at a state court in Massachusetts. The Public Health Advocacy Institute, which filed the suit on behalf of two Massachusetts residents, accused DraftKings of designing its promotion to mislead new customers into believing they’d receive a $1,000 bonus after depositing money into their account. has been hit by a class-action suit alleging that advertising for the sportsbook’s $1,000 bonus bet offer is “unfair and deceptive” because the terms to qualify are so onerous.

Best way to deposit money into draftkings