What States Can You Bet on the NFL Draft?

The NFL Draft is one of the biggest sporting events of the year. Fans from across the country are excited to see what players their team will add to improve their roster. So what about getting in on the action and betting on the draft?

Here’s everything you need to know about where sports betting and wagers on the NFL Draft can take place.

States Where It’s Legal to Bet on the NFL Draft

There are several legal states where you can place NFL Draft bets. Here’s a look at the states where you can place wagers on sports betting sites or at retail locations for the draft. Online sportsbooks have plenty of odds, lines, and more for the event.

• Arizona
• Arkansas
• Colorado
• Illinois
• Indiana
• Iowa (no bets within 24 hours of the draft)
• Kansas
• Louisiana
• Maryland
• Massachusetts
• Michigan
• Mississippi
• Montana
• Nevada
• New Hampshire
• New Jersey
• Ohio
• Oregon
• Tennessee
• West Virginia
• Wisconsin
• Wyoming

It’s important to confirm the rules and restrictions in your state. Even if you are in a legal sports betting state, there still could be restrictions for betting odds and the NFL Draft.

States Where You Cannot Bet on the NFL Draft

Now, here’s a look at the states where NFL betting on the draft is not allowed.

As you can see, there are some legal sports betting states on this list. They have restrictions against betting on the draft. It’s important to remember that just because you live in a state where sports betting is legal, that doesn’t mean you can bet on every single event.

Here are the states where you cannot bet on the 2023 NFL Draft.

• Alabama
• Alaska
• California
• Connecticut
• Delaware
• Florida
• Georgia
• Hawaii
• Idaho
• Kentucky
• Maine
• Minnesota
• Missouri
• Nebraska
• New Mexico
• New York
• North Carolina
• North Dakota
• Oklahoma
• Pennsylvania
• Rhode Island
• South Carolina
• South Dakota
• Texas
• Utah
• Vermont
• Virginia
• Washington

Being able to bet on the NFL Draft depends on your state and current betting regulations set up by its governing body for sports betting.

Top NFL Draft Online Betting Sites

Whether you’re betting on the first overall pick or how many wide receivers will be drafted in the first round, there are sportsbooks available to wager on the draft.

Here’s a look at some of the sportsbooks and best NFL Draft betting sites where you can find NFL Draft odds for selections, draft positions, NFL Draft prop bets, and more.

BetMGM

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BetMGM is a solid sportsbook that has an edit my-bet feature, live betting, odds boosts, and solid bonuses for new users looking to bet on the NFL Draft. It is one of the biggest brands in the industry and the best betting option if you are looking to make some wagers during the draft.

DraftKings

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DraftKings is one of the most popular sportsbooks in the nation and has plenty of options for the NFL Draft. You can get into the sports betting action with solid odds, a rewards program, live betting, and more. Check out the latest promo code offer before you start betting on the NFL Draft!

FanDuel

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FanDuel has a reputation for great live betting as well as the same-game parlay. The sportsbook is a solid option with plenty of betting markets for fans looking to bet on the NFL team or the draft. With solid NFL odds, it’s one of the best options in online sports betting. Take a look at the latest offer!

Caesars

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Caesars is one of the better NFL betting apps thanks to a great rewards program, solid welcome bonuses, odds boosts, and more. The sportsbook is a great option for NFL bettors who are looking to find an online betting site to wager on the NFL Draft odds and lines.

How Do NFL Draft Odds Work?

If you plan to bet on draft props, totals, and more you will need to understand how sports betting odds work. When looking at NFL Draft online websites and apps, you will see odds such as -145 or +300. What do these odds mean? Let’s look at how to understand the odds and what they mean in terms of probability and payouts.

Odds are attached to sports bets to determine the likelihood of an event happening and to determine the payout you receive if you win. Odds are displayed as positive and negative numbers.

For example, let’s pretend the odds of CJ Stroud going first overall sit at +270. This means if you bet $100, you would win $270 if he goes first overall. +270 means odds of 2.7 to 1.

Now, maybe you see NFL Draft betting markets that have Bryce Young with odds of -1000 to be the No. 1 on the first day. These odds show Young as heavily favored to be the first overall selection in the draft. It would take a $1,000 bet to win $100.

Betting favorites, which are represented with negative odds, requires wagering more money to get your payout. On the other side, you can earn more on your bets if you wager on underdogs. You need to keep in mind, the higher the positive odds are for the bet the less likely it’s going to happen.

Draft Bets: Favorite to Go First Overall, Prop Bets, and More

If you want to bet on the NFL Draft, you will find plenty of different NFL Draft markets and bet types. Here’s a look at some of the common bets you will see for the major sports betting event. The top sportsbooks have several different betting lines and ways to bet.

No. 1 Overall Pick

A popular futures bet for the NFL Draft involves predicting which player will be selected first overall in the draft. Bettors can place wagers on college football superstars who they believe will be the top pick. For instance, in the 2023 NFL Draft, some books might offer odds for Bryce Young to be the first player selected at -1400, requiring a $1,400 bet to win $100.

This futures bet is usually available throughout the NFL regular season. The odds change based on various factors, including player performance, injuries, draft order, and more. Some of the top players with odds to be the No. one pick in the 2023 draft include Will Levis, CJ Stroud, and Anthony Richardson.

Totals

An over/under bet, also known as a total bet, is a popular form of betting. While the best online NFL betting sites offer totals for games based on the number of points scored, it’s also possible to bet on totals for the draft. The draft totals focus on predicting when a player will be selected or how many players will be selected in a round based on their draft position.

For example, if you visit the top NFL betting sites and find that the over/under for edge rusher Tyree Wilson is set at 4.5, choosing the over means you are betting that he will be selected with the fifth pick or later. 

Additionally, there are total bets for the number of players at a position, such as the over/under for 5.5 quarterbacks taken in the first round. If you believe that six or more quarterbacks will be selected in the first round, you would bet on the over. However, if two quarterbacks go in the first round, an under bet would win.

Props

The best NFL sportsbooks and 2023 NFL Draft betting sites provide online football betting enthusiasts with a wide range of prop bets for the draft.

These prop bets may include predicting the first wide receiver to be drafted, with each wide receiver having corresponding odds. For instance, Zay Flowers might have +300 odds of being the first wide receiver selected with a $100 bet potentially winning $300.

In addition, the best NFL draft odds at betting sites also offer props that allow bettors to predict the position a specific team will select. For example, there might be a prop bet regarding the Cincinnati Bengals’ first-round selection, with each position having corresponding odds. Bettors would place bets on which position the Jets would select first.

What States Can You Bet on the NFL Draft FAQs

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