Sports Gambling

Yes, You Can Bet the NBA Draft Online

By Russ Joy

Published: Jun 23rd, 2022 · 3:40 PM EDT

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The NBA Draft is set for Thursday night and, depending on the state you live in, you can bet the NBA Draft online. Bettors can wager on a number of markets, including which player will be the first overall pick, over/unders on specific players’ draft positions, and more.

Prospective bettors can bet the NBA Draft online in multiple states. Below you will find our guide for how to bet the NBA Draft online, including betting markets and promos from legal online sportsbooks.

How to Bet the NBA Draft Online

Legal online sports betting is available in more states now than this time last year. This includes the likes of New York, Arizona, and Louisiana. Just because those states have legalized sports betting doesn’t mean that every state allows for betting on the NBA Draft. In the case of New York, this is due to the draft not meeting the definition of an eligible online sports betting event.

Bettors in New Jersey, Arizona, Colorado, Illinois, and Tennessee are among the states where players can bet the NBA Draft online. There are a number of sportsbooks that offer betting markets on the action. In order to place a wager, you’ll need to sign up for a sportsbook account and confirm you are within the state limits of a state that allows betting on the draft.

Which Legal Online Sportsbooks Offer Odds on the 2022 NBA Draft?

The availability of different legal online sportsbooks varies by state. Each of the sportsbooks listed below offers various betting markets, including odds on the first pick in the draft and more. Plus, each sportsbook has enticing new user promos, which add value to the time it takes to sign up for an account. Let’s take a closer look at each offer.

Caesars Sportsbook’s $1,500 First Bet Offer

Bettors can wager up to $1,500 on any game or player prop with the knowledge that Caesars Sportsbook will back their first bet with up to $1,500 in site credit. This is the largest such offer in legal online sports betting.

Click here and use Caesars Sportsbook promo code BROADXL15 for a $1,500 first bet offer.

DraftKings Sportsbook’s $50 Bonus Bet and $1,000 Deposit Bonus

Players who register for a DraftKings Sportsbook account will get a $50 bonus bet plus a deposit bonus of up to $1,000. This bonus bet is available for use on any game or player prop bet. The deposit bonus comes at a 20% rate, which means for every $100 you deposit, DraftKings will add $20 in site credit up to $1,000.

Get a $50 bonus bet and a deposit bonus of up to $1,000 from DraftKings Sportsbook when you click here.

Barstool Sportsbook Offers $1,000 First Bet Offer

New players who register with Barstool Sportsbook can get a $1,000 first bet offer. Players can use this first bet offer on any game or player prop, including wagers on the NBA Draft. Barstool Sportsbook also has great exclusive odds boosts.

Click here and use Barstool Sportsbook promo code BROAD1000 to get a $1,000 first bet offer.

Get a $1,000 No Sweat First Bet from FanDuel Sportsbook

FanDuel Sportsbook has a brand-new No Sweat first bet offer for bettors who register for a new account. This will back a player’s first real-money wager with up to $1,000 in site credit to use on another game.

Get a $1,000 No Sweat first bet from FanDuel Sportsbook when you click here.

Ways to Bet the NBA Draft Online

The oddsmakers believe that Jabari Smith Jr. will be the first overall pick in the 2022 NBA Draft. He’s currently listed at -225 odds, which means it would take a $225 wager to earn $100 in profit. Beyond that, Paolo Banchero is the only other player with realistic odds of going first overall. He’s been installed at +175 odds, indicating a $100 bet would earn $175 in profit.

There are multiple other betting markets, which include the draft positioning of other players. Bettors can wager on Keegan Murray to be taken at the sixth pick or later (+195) or the fifth pick or earlier (-240). Players can also get Dyson Daniels or Bennedict Mathurin to get selected in the Top-6 at +250 or -300 odds, respectively.

Some sportsbooks, including Barstool Sportsbook, have special odds on the number of players selected in the first round from certain universities. Bettors can get +285 odds on two or more players from Baylor University going in the first round. They could instead get -420 odds on just one player being selected in the first round from Baylor. There are also betting odds on Ohio State, Kansas, international teams, and G League Ignite players.