DraftKings has introduced a new payment option that lets customers use cryptocurrency as a funding source. Digital assets are converted into US dollars before reaching betting accounts. DraftKings crypto deposits are being rolled out on a state-by-state basis, depending on local regulation.

• The new feature allows players to convert cryptocurrencies such as Bitcoin into US dollars through a third-party or integrated conversion service. Once converted, the cash amount is deposited into the DraftKings sportsbook wallet. All wagering and account balances remain in USD, with no crypto held on-platform.

• DraftKings crypto deposits are launching in Illinois, Kentucky, New Hampshire and Vermont. Massachusetts is excluded due to recent regulatory changes that prohibit crypto-to-cash funding methods. Availability is expected to remain limited to states that explicitly allow this structure.

• DraftKings is not offering native crypto betting or direct wagering in digital assets. The company has previously discussed exploring blockchain and crypto-related use cases, including through its DraftKings Predictions platform. Any future expansion would be subject to regulatory approval.

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