While many online sportsbooks require you only to make deposits using standard methods to bet on their sites, DraftKings has opened the door to a new experience by allowing users to deposit with DraftKings gift cards. Here at TPP, we’ll explain how to acquire and use the gift card along with its pros and cons.

  • Can be purchased and given as a gift.
  • Provides more anonymity when depositing.
  • Can also be used for daily fantasy/casino.

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DraftKings gift cards are a prepaid method to add money to your account on the platform. They come in $25 and $50 amounts and are eligible to be utilized on the website's sportsbook, with daily fantasy sports or at the online casino (each state where DK is legal permits if gift cards are allowed). Once funds are loaded onto the gift card, they do not expire.

  1. The gift card can be redeemed on DK’s website. This includes the desktop version or the app.

  2. Sign in to your account or create a new one at DraftKings.com.

  3. On the back of the gift card, scratch off the label revealing the code and card info.

  4. On the deposit screen, choose the selected amount and click “gift card” for the payment method.

  5. Enter the gift card number, expiration date and CVV, then click deposit to confirm. If successful, the funds will appear in your account within seconds.

The gift card can be used at the sportsbooks in the following states: Colorado, Indiana, Kansas, Maryland, Michigan, New Hampshire, New Jersey, New York, Pennsylvania, Virginia, West Virginia and Wyoming (per DraftKings.com).

DraftKings online casino permits gift cards in New Jersey, West Virginia and Pennsylvania.

DK users can spend their gift cards on daily fantasy in every state except Arizona, Hawaii, Idaho, Louisiana, Montana, Nevada, and Washington.

screenshot of draftkings gift card page
(Source: DraftKings)

Gift cards can be purchased on DKs’ website or at retail locations, including Walmart, Speedway, Circle K, Albertsons, CVS, Dollar General, 7-Eleven, Pilot Flying J and Sheetz.

Many customers ask, “Where can I buy a DraftKings gift card online?” The simple answer is on the company's official website.

There are pros and cons to using DraftKings gift cards. Certain handicappers might find some of these important when making the decision whether or not to use one.

Pros:
  • Gift cards help with bankroll management due to the fixed limits.
  • They provide a unique gift option for sports fans.
  • Excellent for people who don’t own credit or debit cards.
Cons:
  • These gift cards can’t be reloaded once funds are spent.
  • Restricted in certain states for betting.
  • Aren’t a good option for high rollers.

DraftKings gift cards aren’t the only way to deposit on the site. Below we’ll share every deposit method available. Not every state allows some of the more niche options.

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    Apple Pay: Apple Pay is a smartphone payment system and digital wallet technology developed by Apple. It enables users to pay using Apple products such as iPhones, Apple Watches and iPads.

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    Bank Wire Transfer: Bank wire transfers are a classic means of electronically moving funds from one bank account to another.

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    Cash at Cage: Refers to when players deposit and make bets at retail sportsbooks in person. An ID must be present when depositing using this method.

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    Cash at Retail Stores: Cash at retail is a payment option that allows handicappers to make payments in cash at retail locations or designated places. In order to deposit at a retail store, players must choose the “cash” option on the deposit screen.

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    Credit Card: Credit cards such as Visa, Mastercard, and Discover are all permitted when depositing to DraftKings Sportsbook or Casino. American Express is also an option, but strictly in New Jersey.

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    Debit Cards: Visa and Mastercard debit cards are permitted when depositing on the sportsbook.

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    DraftKings Gift Card: As we’ve noted in this article, DK gift cards can be used to make deposits on DK’s platform.

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    Electronic Gift Card: DraftKings digital gift cards are the same as above, just “electronic” and can be purchased online.

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    Online Banking: The online banking payment service allows gamblers to safely deposit and withdraw money from their respective accounts.

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    PayPal: The world-renowned digital wallet that stores various payment methods is another option used by many players to deposit funds.

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    Play+ Prepaid Card: Play+ is an FDIC-insured (Federal Deposit Insurance Corporation) refillable safe account that can be utilized for financing your DraftKings account.

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    Venmo: Venmo is a widespread payment platform in the USA. Its mobile app lets users send and receive currency to friends and acquaintances.

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    VIP Preferred: A payment option that offers e-check services for DraftKings VIPs. It enables bettors to make transactions with their checking accounts.

DraftKings gift cards are a convenient way to fund an account. Various factors, including no depositing fees and budget control, since they are a pre-set amount, can help bettors be more responsible. Not only are they great gifts for sports fans, but their ease of use and versatility across the sportsbook, casino, and DFS platform give you or someone receiving the card different ways to spend it.

Once purchased and funds are loaded onto it, the DraftKings gift card is activated and ready to use.

DraftKings gift cards can be bought online or at retail stores nationwide. The ones purchased online are considered DraftKings e-gift cards. If you search “DraftKings gift card near me” on Google, a list of locations nearby will appear. It’s recommended to call and make sure they’re in stock before going.

To use a DK gift card, scratch off the code (card number) on the back and input it on DK’s website when depositing.

Yes, you can use a DraftKings gift card on its mobile and desktop apps.

DraftKings gift card funds will appear immediately in your account after confirming the deposit. Unless, of course, you’re using a card you’ve already deposited with in the past.

WRITTEN BY Lawrence Smelser View all posts by Lawrence Smelser

Whether it's dissecting the latest player stats or offering insightful commentary on emerging betting markets, Lawrence delivers sharp analysis with a dash of wit. His expertise and coverage extends across many sports leagues, such as the NFL, NBA, PGA Tour and international soccer, ensuring readers receive well-rounded insights from a global perspective.

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