DraftKings Sportsbook debuts Progressive Parlay product

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Exactly one month after announcing the product during an investor day, DraftKings Sportsbook has officially rolled out its new Progressive Parlay product.

For now, the Progressive Parlay option is only available in Connecticut, Iowa, Illinois, Oregon, Tennessee, and Wyoming. The product will roll out in additional states in the coming weeks.

As DraftKings explained previously, the Progressive Parlay product allows bettors to still cash on a multi-leg parlay even if every leg does not hit. In order for bettors to access the new feature, they will need to download the latest version of the app.

“DraftKings is committed to constantly creating new ways for our customers to engage with the sports and
athletes they love, and Progressive Parlay is a great example of that,” said DraftKings Chief Product Officer Corey Gottlieb. “This product provides the excitement of building a parlay, but with the added opportunity of potentially
winning even if every leg doesn’t hit. It’s the best of both worlds.”

The Progressive Parlay feature allows bettors to select over or under on 3-12 wagers, creating a parlay. AS the bettor builds out their parlay, the app will inform them what kinds of odds are offered on standard parlays vs a Progressive Parlay.

Like the recently launched Pick6 props-style DFS product, Progressive Parlay is rolling out across groups of states at a time. Pick6 began with a rollout in six states but added another eight (including Washington DC) on Thursday.

Currently, Tennessee is the only state with both Progressive Parlays at DraftKings Sportsbook and Pick6 on the DraftKings DFS site.