The 2023 NFL Draft is here, and for the bettors out there, this is the perfect opportunity to place some football wagers before actual football is played. If that sounds like a good time to you, you are in luck, as we are here to break down how to bet on the 2023 NFL Draft.
The Draft is set to begin on Thursday, April 27, in Kansas City, home of the Super Bowl Champion Chiefs. Online sportsbooks offer odds and lines for the NFL Draft, as well as special prop bets. There are hundreds of ways you can bet on the 2023 NFL Draft, and if this is your first time betting on the event, do not worry, as we will inform you of the different ways you can get some action down on the best non-football night of the year.
Football is king when it comes to US sports betting, and the Draft is no different. If you want to place an NFL Draft wager, you have come to the right place.
NFL Draft Odds
Before you decide on which NFL Draft betting market you would like to place some action on, it is essential to know that NFL Draft odds are going to shift like crazy from the time you are reading this until the time the Carolina Panthers are officially on the clock for the No.1 overall pick.
As we have already seen, NFL Draft odds can move for various reasons, and it is important to keep an eye how the numbers are shifting.
For example, Will Levis’ odds to be the No. 1 overall selection have drastically changed this week, thanks to a Reddit post claiming that Levis has been telling friends and family that the Panthers will take him with the first pick. This could be factual, or it could be Reddit doing its thing once again, but sportsbooks have reacted to the sudden flow of money on Levis’ odds to be the first pick, and some of them have taken the odds down.
As is true with sports betting in general, the odds and lines will differ depending on which sports betting app you are using. Before placing your NFL Draft bets, make sure that you are checking out several of the top US sports betting apps, so you can get the best number for your wager.
Inside the industry: Why Vegas sportsbooks hate the NFL Draft
What Bets Can I Make on NFL Drafts?
The first round of the Draft begins Thursday at 8 p.m. ET, so you will have until then to place your first-round NFL Draft wagers — at least in most legal sports betting states (Nevada regulations require sportsbooks to halt betting on the Draft 24 hours before it begins). Most sportsbooks will also offer live NFL Draft odds and lines, depending on how the night has unfolded.
For example, if the quarterbacks slide in the Draft, like last year, sportsbooks may offer live odds on “who will be the next quarterback selected” or “will another quarterback be taken in the first round.”
While the first round is the most watched and most bet-on round of the NFL Draft, sportsbooks will offer team- or position-specific odds for the entire Draft. With three days of NFL Draft action, there are multiple different ways you can place a bet on the NFL Draft, including:
- NFL Draft Prop Bets
- Over/Under Bets
- First Player Drafted By Position
- Team’s First Player Drafted
- Teams’ Next Position Drafted
NFL Draft Prop Bets
To simplify it, NFL Draft prop bets are basically a wager on which positions are getting drafted where and which player is going where. For example, on DraftKings Sportsbook, you can bet on ‘draft matchups’ such as:
Who Will Be Drafted Earlier?
- Jaxson Smith-Njigba (-575)
- Jordan Addison (+425)
Another example would be betting on a “Third Quarterback Selected” prop bet, where Anthony Richardson (+150) from Florida is the current favorite at DraftKings.
Over/Under Draft Bets
This type of NFL Draft betting is relatively straightforward if you have experience betting on sports. Oddsmakers will set the line for certain bets, and you have to pick whether the outcome will go over or under the number.
At FanDuel Sportsbook, there are first-round specials you can bet on, including:
Total Number Of Quarterbacks Drafted In Round 1
- Over: 4.5 (-215)
- Under: 4.5 (+158)
Total Number Of Receivers Drafted In Round 1
- Over 3.5 (-128)
- Under 3.5 (+104)
DraftKings Sportsbook
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Where Can I Bet On The 2023 NFL Draft?
Some states still do not allow NFL Draft bets to be placed, even though online sports betting is legalized in your state. This is because inside information is attainable, but as betting on the NFL Draft becomes more mainstream, your state can be the next one to allow wagers on the event.
Here, we have listed the states where you can place a bet on the NFL Draft
- Illinois
- Indiana
- Colorado
- Kansas
- Louisiana
- Maryland
- Michigan
- Massachusetts
- Michigan
- New Jersey
- New Hampshire
- Nevada
- Ohio
- Oregon
- Tennessee
- West Virginia
Each state has different rules. For example, live betting is limited in some states, such as New Jersey, which allows live NFL Draft betting only during the first round. Also, West Virginia stops accepting draft bets 24 hours before it starts.
Before placing your bets, be sure to know your state’s NFL Draft betting rules.
Related: NFL Applauds Massachusetts’ Draft Betting Rules
Which States Do Not Allow Betting on the NFL Draft?
Sports betting is legal in these states, but betting on the Draft is not permitted.
- Connecticut
- Iowa
- Mississippi
- New York
- North Carolina
- Pennsylvania
- Virginia
- Washington
NFL Draft Betting Bonuses
Of course, each sportsbook has different types of bets for each of the wagers listed above. Checking out multiple sportsbooks will not only open you up to the best odds and lines for the 2023 NFL Draft, but it will also make you aware of several sports betting bonuses available to you, which can help you build your bankroll for the NFL Draft so that you can place wagers on the night’s festivities with house money.
With thousands of dollars in betting bonuses available to new users, we decided to list the best bonus offers for the 2023 NFL Draft. Claiming each offer is an excellent way to bet with the sportsbook’s money,
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How To Watch The NFL Draft
Date: Thursday, April 27, 2023
Start Time: 8 pm ET
Location: Kansas City, MO
Where to Watch: ABC, ESPN, NFL Network
NFL Draft FAQs
Yes, if you live in a state that offers NFL Draft odds and lines, you can place a bet on it.
The 2023 NFL Draft begins on Thursday, April 27, at 8 pm ET.
If you are in a state that allows NFL Draft wagers, you can bet on multiple props, over/unders, and much more. Check out your state’s top sports betting apps to see the odds.
You can bet on the NFL Draft if you live in a legal sports betting state, with the exceptions of Iowa, Mississippi, New York, Pennslyvania, Virginia, Washington, North Carolina, and Connecticut.
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