DraftKings Sportsbook Adds Play+ Prepaid To Give Players Another Deposit Option

Posted By Bart Shirley on November 14, 2018

DraftKings Sportsbook has added another method to its roster of deposit methods. Players in New Jersey can now use Play+ Prepaid to fund their accounts on the online sportsbook.

Play+ Prepaid has elements of both an e-wallet and a prepaid debit card. In order to fund Play+ Prepaid, bettors can use their Visa, MasterCard, Discover, or checking account.

The funds then proceed to the player’s account in much the same way as a prepaid debit card. But unlike a prepaid debit card, it is possible to withdraw the funds from the DraftKings site directly into the player’s Play+ Prepaid account.

So, in that, the method is similar to electronic wallets such as Neteller. Play+ Prepaid should give players far more flexibility for funding their accounts and moving money around.

DraftKings Sportsbook struggles with deposit methods

For the first month of its existence, players could only fund their accounts using Visa, MasterCard, or a bank transfer. Not only did these restrictions limit the player pool, but it also made withdrawing funds from the site much more difficult.

Credit cards on sports betting sites are also a dodgy proposition due to the financial atmosphere in the US. Since the passage of the UIGEA and the crackdown on gambling websites, credit card companies are far more likely to deny those kinds of transactions.

Thankfully, DraftKings added PayPal to its list of approved deposit methods back in early September. The e-wallet gave many more players a way to deposit and join the NJ sports betting crowd.

This most recent addition is, therefore, a very welcome one for players.

DraftKings holding its own in NJ sports betting

Play+ Prepaid will certainly bring more players to the DraftKings site in the near future. However, in truth, DraftKings hasn’t really noticed its lack of methods causing many problems.

DraftKings Sportsbook has dominated the New Jersey online sports betting scene since it launched in the first week of August. Buoyed by a three-week de facto monopoly to begin its journey, the app’s monthly NJ sports betting revenue is more than three times that of its closest competitor.

Of course, the first-to-market advantage only gets a foot in the door. DraftKings has kept and increased its market share due to a slick, innovative app with an intuitive interface and a lot of flexibility.

For DraftKings, the site’s banking options had been a bit behind its competitors, so adding Play+ Prepaid is the right move.

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Bart Shirley

Bart Shirley is a writer and poker player from Houston, Texas. When he's not teaching high school math and business, Bart writes about the NJ online casino industry and US online poker. He has a master's degree in business administration from Texas Christian University and a degree in English from Texas A&M.

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