Daily Fantasy Cafe has been a partner of DraftKings for 7 years and all the offers on our site are guaranteed. Don't be fooled by false claims on other sites. You must be a first time depositor to receive any free bets or free games on DraftKings.com. The best DraftKings Sportsbook promo code as of August 2020 provides new existing sports bettors with a FREE $500 risk free bet. Sports betting is legal and available in Pennsylvania, Colorado, New Jersey, West Virginia & Indiana. If you aren't located in any of these states, you can take still take advantage of the DraftKings promo code for Daily Fantasy games. This new user bonus provides you with one free game on draftkings.com.
To activate the MAX bonus offer, click through on our
exclusive link. You will be sent to draftkings.com and the MAX bonus will be applied upon registration. Daily Fantasy Cafe promotional codes have been verified by DraftKings staff to be active and work every time. With some of the best odds and largest game selection, you want to be playing on DraftKings.com. Claiming your free bet or game is easy, simply click any link or image on this page and you will be taken to
Draftkings.com where you are automatically provided with the highest offer available. Quick recap: if you're in New Jersey, Pennsylvania, West Virginia and Indiana, you can legally bet on sports. If not, you can play DFS. The top DraftKings promo code in the industry gives you a $500 risk free bet for new users. For everyone outside of PA, IN, NJ, WV, CO, IA, you can play daily fantasy and start with a free game. What are you waiting for? Start winning cash with our exclusive risk free bet.
|DraftKings Sportsbook Welcome Offer
||New users receive a $1,000 in free bonuses. $500 is the in the form of a risk free bet up to $500. You must click through, sign up and make a bet. DraftKings will match your bet up to $500. There is also a $500 deposit bonus match on your first deposit for new users.
Daily Fantasy Sports bonus
$500 free bonus
|What is the Expiration Date?
||You then have up to 30 days to use your free bet.
|Year DraftKings Was Founded
|NJ Casino Partner
PA Casino Partner
IN Casino Partner
WV Casino Partner
IA Casino Partner
CO Casino Partner
Hollywood Penn National
Mardi Gras Casino
*Gambling problem? Call 1-800-GAMBLER (NJ/WV/PA) or 800-9-WITH-IT (IN), 800-BETS-OFF (IA).
21+. NJ/IN/PA/WV only. Deposit bonus requires 25x play-thru. Eligibility restrictions apply. See draftkings.com for details.
Looking for a promo code you saw on TV? DraftKings runs various Sportsbook advertisements on a regular basis in New Jersey. If you are in New Jersey, you've likely seen
DraftKings Sportsbook TV, Radio and Billboard ads showing DraftKings Sportsbook promo code offers. The mobile app and desktop product offer a number of new and existing user promotions. Our sister company Lineups.com has the explanatory promo code fact table to help you dissect the offer. Below you can find all the current sports betting app promotions in NJ, PA, IN, WV. We expect the company to enter the New York mobile sports betting market as soon as state-wide laws are passed. We hope this will happen in 2020. It all depends on Governor Cuomo at this point. The app will run different promotions in new states as the legally come online. We can expect to see Illinois and Michigan to go live in the next 12 months or so.
On the daily fantasy side of things, one of the more popular games promoted is the Fantasy Football Millionaire contest. This contest has a guaranteed $3.1 million dollars in prizes. You'll be hard pressed to find a contest on any fantasy football site with a bigger cash prize pool. Depending on the sports in season, there are always various sport specific weekly contests with large prizes. As an example, during the Basketball season, there is a $150,000 guaranteed contest each week. Occasionally, there are fun promotions like a million dollar video challenge and step tournaments. The best way to stay abreast of the latest promotions is to visit the Promotions section on draftkings.com each week.
On a weekly basis, you can find new promotions and offers. Here is a list of current and past bonus offers that you will see cycle in and out of rotation.
Check Back as they change frequently
|$1,000 Risk Free Bet (New User Offer)
Race to 100 - Score 100pts First and Win
Bet on the NFL Draft, Get a Boost
NHL OT Double Winnings
Cash Out Early
MLB 9th Inning Insurance
MLB - Bet 3, Get 1 Free
|Baseball 5+ Run Refund
||Hockey Winning Margin Madness
Some people fall into the trap of thinking, “I'm only going to play one game and if I win, I'll leave". These people don't use a promotional code and never get a chance at free money again. Don't make this mistake. Using a promo code when you sing up, it's a no brainer! It's a free contest ticket and you only get this opportunity once. Make your first deposit count. You're bound to play more and if you don't, you can always withdraw your funds. Please don't be one of those guys and make a smart move.
Draftkings Sportsbook FAQ
What is DraftKings Sportsbook?
Draftkings has launched a mobile app and website that can be accessed in Pennsylvania, New Jersey, Indiana, West Virginia, Colorado, New Hampshire and Iowa. These residents can legally bet on sports online using DK Sportsbook. There are a number of games available on which a user can bet on. Games include NFL, MLB, NBA, Tennis, MMA, Soccer, Boxing and more.
What States is DK Sportsbook Available and Legal?
New Jersey, Pennsylvania, West Virginia, Indiana, New Hampshire, Colorado & Iowa. The hope is that New York and Florida will make a legal push in 2020 to legalize mobile sports betting statewide. The Indian Tribes in Florida have the legal precedence and are understandably trying to protect their market. New York is a head-scratcher. New Jersey is benefiting and hijacking their tax revenue. It's unclear why Governor Cuomo is standing by.
Does this Bonus Offer Work on DraftKings Sportsbook?
Yes, this page covers the latest bonus offer for both the daily fantasy and sports betting product. The bonus for the Sportsbook is a $500 risk free bet and a $500 deposit match bonus. The risk free bet is based on the amount of your first bet made. In order to get the full $500, you must be $500 on your first bet. The deposit match is made at a 20% rate of your first deposit. You need to deposit a total of $2,500 on your first deposit to receive the full bonus.
What are the deposit methods available?
Credit Cards, PayPal, Play+ and Bank Transfer. Deposits made by credit card are hit or miss at this time. Some banks allow charges from sportsbooks, some don't. Credit card deposits still work on the DFS side of the business. If you are having issues, Bank Transfer is the easiest option. If you are savvy on PayPal, you can set it up to have the charge go through your credit card via Paypal.
What is DraftKings Casino?
It's a casino product offered on via Sportsbook platform. You can play casino games such as Blackjack, Roulette, Craps and there is a live dealer option. DraftKings is preparing for the future when online casino gambling is legalized nationwide. It's slow going now, but they are cross promoting on the Sportsbook app to drive new users. I expect the casino business to grow in the future once the sports betting market matures.
Can I bet on DraftKings Sportsbook if I'm located in California?
No, the DK Sportsbook app is only legal in PA, NJ, IN, WV, IA, NH and all other states need to pass legislation before DK can enter the market with their app. California is a particularly difficult legal landscape. Indian Tribal casinos have a stronghold on the gambling laws and are currently pursuing a petition to legalize mobile sports betting solely on their apps and websites. It looks like California has a long road ahead before they can legalize sports betting and DK can enter the market.
What types of Props does DraftKings Sportsbook offer?
Pre-game props, futures and in-game props for every major sport and many minor sports. There were over 50 props for the last Super Bowl and we see the prop market growing in the future. Props and in game betting have opportunity to grow at the highest rate in the US market in my opinion. In Europe nearly 70% of all betting is done live during the game. Another prop game making a splash in daily fantasy is Monkey Knife Fight. Use monkey knife promo code "CAFE" for 100% bonus.
Is Sports Betting Legal for everyone in the United States now?
Unfortunately, not yet, but a number of states are working on laws to make it legal. On a federal level, sports betting is now legalized for the states to decide for themselves. This was due to the Supreme Court ruling back in 2018. Nevada, New Jersey, Delaware, Pennsylvania, and West Virginia are all on the list for having legalized sports betting. Mississippi, Oregon, Rhode Island, New York, and Michigan are also close to joining the party. If you currently live in a state, there are forms to reach out to your representative to try and strive for legalized sports betting.
Is my Sportsbook wallet connected to my DFS wallet on DraftKings?
Yes, your wallets are connected. You can transfer money between the wallets as you wish. You must first have an account on the Sportsbook and Daily Fantasy product. If you create a Casino account, you can also use your balance to play games there as well. Keep in mind, DraftKings Dollars and free bets are separated between DFS and sports betting.
Does DraftKings Sportsbook have a mobile app?
Yes, there is an app for both Android and iPhone users. You can find it in the app store on your phone and online. The Apple app has over 60,000 ratings and is in the top 15 for sports apps. The Android app is not in the Google Play store. You will need to download it from the DK website. Both apps provide the same functionality and bets.
Can I play when visiting a legalized state?
Yes, you do not need to be a resident when visiting a state where you can legally gamble. You just need be within the jurisdiction when you place your bet. As it says on the website, “That means placing a bet while on vacation is fair game.” There are currently thousands of people driving from NY to NJ to place bets. It's legal and fair game.
What does it mean when my bet result is voided?
This means there was no action on your bet, as it was cancelled prior due to Sportsbook rules. A popular reason for why this happens is when a select pitcher gets scratched resulting in line changes. This can happen if a game is rescheduled. There is nothing abnormal about this process. All Sportsbooks have the right to void a result. Check their terms.
Are there any tips or tutorials on how to get started?
There is an area for beginners who are getting their feet wet for the first time in sports betting. They offer a guide to walk you through terms, cashing out, and understanding odds. This is an area we would like to see grow. There is a balance between providing betting advice and education. We look forward to seeing the knowledge base grow with additional resources.
New Jersey, Pennsylvania, Indiana, West Virginia, Iowa Only!
Claim $1,000 Free Bet Now
DraftKings Sportsbook Mobile App & Website
Once you have an account, you can begin by scanning the website for answers to any questions, or to check out the hundreds of available contests. There is also a mobile app available so you can post lineups and follow your results while you're on the go. You must confirm your age and turn on the location services on your device. DraftKings must legally be able to verify your physical location. This is a part of the company's policy because it is a federal requirement to use certain services.
The developers worked diligently to make sure that the website itself was ultra user-friendly and it translated well to the mobile app. DraftKings has designed every page, including contest entries, statistical information for players and helpful articles from the DraftKings playbook to automatically configure for mobile devices. You will have access to all the same features you value on their website when you use your mobile device. The mobile app is available for iPhone, iPad and Android mobile devices. You can download the app on any Android device from the website. The app can also be downloaded from either the Apple App Store or Google Play.
Overall, the website design is easy to navigate around the site with, but compared to the DFS side, it is a little light. Your top navigation bar will bring you around the site, and the one below will get you to specific sports to get more of a look at betting odds and props. A live scoreboard sits across the site, which gives you a quick look at a featured bet, but clicking in will give you more options.
The live betting area features a live look in, box scores, probabilities, and a recap of plays. Bouncing between the sports tabs is easy and convenient. There is no issue finding where you need to go, and your account page is up in the right hand corner with a drop down for more important issues.
Signing up is very similar to signing up for the daily fantasy sports (DFS) side of things. If you have a DFS account already, it can convert over to the sportsbook side of things.
1. Provide basic personal information such as name, address, and birthday.
2. A social security number is needed to verify identity and age. This is a federal and state law.
3. If you do not live in a state that has sports betting legalized, you will only be able to browse the site. If you live in an approved state, the geolocation tracker will approve of your location, making sure you are where you say you are.
4. If you are cleared, and in a state where sports betting is legalized, you are ready to get going.
New User Deposit Promotion
Once you have signed up, you will likely be looking to deposit to start making that first bet. DraftKings is offering a 100% free bet match up to $1,000. Your free bet will be shown in your “My Account” page. If you deposit $20 on your opening deposit, you will have a $20 deposit free of charge. If you win with your free bet, withdrawing money needs to be explained. A portion of the free bet winnings is still technically DraftKings Dollars. If you bet $20 with DraftKings Dollars with your free bet and win $40, $20 is eligible for withdrawal, while the DraftKings Dollars need to be played through.
Deposits to DraftKings are handled through the same methods as noted above: a valid credit or debit card, or PayPal. DraftKings imposes a deposit limit that is based on your state of residence, but you can have the limit raised by providing verification of income. This usually means uploading a copy of your driver's license or other state-provided ID card and a utility bill in your name, but again the exact documentation depends on your state laws. DraftKings's support staff can help you identify your state's particular requirements.
- 1. The name on the account used for deposits and withdrawals must match the name of the DraftKings account holder. This is for privacy and security reasons, mostly your own.
- 2. Deposits can be made using any of the major credit cards or a PayPal account. DraftKings also accepts Visa, MasterCard, and American Express gift cards in the name of the account holder.
- 3. To make a deposit on DraftKings, you must upload a copy of your driver's license or state-issued ID. You must also submit a photocopy of a utility bill in your name to prove residency. This bill can be no more than two months old.
DraftKings withdrawals are paid by returning past deposits to your card. If you have more winnings than deposits, the extra amount can be sent to you through PayPal or mailed as a check. You must complete IRS form W-9 (Request for Taxpayer Identification Number) before withdrawing money from DraftKings. Withdrawals are processed 2-8 business days after the request is submitted. Quick checklist:
- 1. Withdrawals are made by request. When you make a withdrawal Monday through Friday between 9:00 AM and 5:00 PM, it will be processed that day. Withdrawals made after 5:00 PM or on weekends will begin processing the next business day.
- 2. You will receive a confirmation email from the accounting department and can expect the funds to be posted to your credit card or PayPal account within 2 to 8 business days.
- 3. Check payments can take up to three weeks to deliver.
- 4. When you sign up for a DraftKings account, it is suggested that you submit a W-9 as soon as possible. You must have a W-9 on file prior to making a withdrawal.
Types Of Bets & Stats Hub
The listed bets below can all be found in the lobby. The Sportsbook lobby is pretty standard to what you see on sports betting sites around the industry. A collapsible bet slip is on your right-hand side, and navigation bars up top can help you get into specific sports. Your “My Bets” tab shows all open and closed bets made for your history.
You do have a unique area on the home page, which is called “Stats Hub” and this is where you can find things like line movement, but also featured bets based on facts.
Parlay Bet - A parlay bet is a single bet on two or more wagers. Each individual wager generates a higher payoff, but all bets are needed to win for the parlay bet to be successful.
Moneyline Bet - A money bet is who will win the game straight up. You do not have to worry about how much the team wins by; it is just a straight-up win or lose bet.
Teaser Bet - A teaser is a parlay placed on point spreads or totals where the line is brought down in exchange for a lower payout.
Player Prop - A bet placed on a player where he or she performs over or under on a specific stat. For example, Damian Lillard will have a 25.5 point prop set, and you bet on him hitting over that point total, or under.
Futures Bet - Bets that are made where the outcome of an event in the future. You can bet on Super Bowl winners before the season starts, who wins Rookie of the Year, and also total wins for teams.
Live Bet - A bet made on a game that is still being played.
Sports Pools - This is very similar to how office pools work, where you can have a variety of contests like picking game winners and over/under. This where the correct number of picks can lead you to a share of the prize pool.
Odds Boost - select odds are boosted on specific games. This means they have enhanced the odds of an outcome, meaning your winnings would be greater if it wins.
How Can You Get Help and Support?
The first place to go for answers to your questions about using any of the products or services is the FAQ page. There a number of easy-to-understand answers to many common questions. If you cannot find the answer there, live agents available to work with you on their live chat window. As soon as you navigate to the website, the chat window will open in the bottom right corner of your screen.
You don't even need to login to ask a question, but the agent may need your account information to help you with specific needs. You can contact the customer support team by email as well. Customer support agents are available Monday through Friday from 7:00 AM to Midnight EST, and from 9:00 AM to midnight on Saturdays and Sundays. If you can find an answer on the FAQs page, or get help using the live chat box, send an email to email@example.com.
DraftKings Company History
It was founded in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman, formerly of the printing company Vistaprint. DK originally focused exclusively on Major League Baseball fantasy games, and MLB became a partner in 2013. The company quickly expanded into other daily sports fantasy games, becoming second only to FanDuel. In 2014, DK bought out DraftStreet, the third largest daily fantasy site. The company then became the official daily fantasy sports service of the NHL and MLB, and in 2015 launched an advertising blitz that drew increased attention to daily fantasy. At the same time, DK expanded overseas into Britain and the European Union, offering daily fantasy soccer and other games.
DraftKings and FanDuel announced plans to merge in 2016, but the merger was blocked by the federal government. They were also forced to pay a settlement to the federal government over alleged deceptive practices, including allowing their employees to play in their games. However, DK's games continue to be popular, and its business continues to expand. In 2018, the company entered the sportsbook business, opening the first legal online sportsbook in New Jersey. DraftKings Sportsbook is a staple at the top of the revenue-generating Sportsbooks. DraftKing as usual is competing with FanDuel Sportsbook for the top position in the United States. We expect this to remain a constant as the states expand legally.
Editor’s Overall Sportsbook Mobile App Review
The app is easy to use with friendly navigation. Experienced bettors can still find advanced betting options easy enough. There is a lot of data and information to display, and DK does a nice job of organizing it all. Signing up is a breeze, validating location via geocomply and sending in supporting documentation isn't as fun. However, these are requirements of every legal sports betting app. Combining the wallets for the DFS and Sportsbook was a critical update and makes managing money easier. There are a wide variety of games and offers to build your bankroll. The gameplay is sleek and is still one of the better apps available. We've seen the market speak, and the app's rating is sitting at 4.6 with over 60,000 ratings. It's a smashing success.
• Multiple ways of depositing and withdrawing funds.
• Quick and knowledgeable support system
• Unique ways to bet like “Sportsbook Pools”
• Live In-game betting
• Easy site navigation
• Sections showing odds and lines could use a little more information
• No reward system yet like DFS.
Editor's Rating: 4.98 out of 5 Stars
DraftKings Daily Fantasy Guide & FAQ
What is DraftKings?
DraftKings is a websites enabling users to play Daily Fantasy Sports contests against other users. If legal in the state you live in, you can deposit money via credit card or Paypal. If you place “in the money", you can withdraw money via their website or app. DraftKings also offers a Sportsbook app where you can bet on sports in states where it is legal. DraftKings also has launched a Casino app and website where you can gamble on casino games.
Where is DraftKings based?
The Headquarters are in Boston, Massachusetts and New York City. DraftKings also has physical sportsbooks in a number of US states. There are DraftKings satellite offices in other states and in the United Kingdom as well. It's estimated there are about 1,000 employees at the company, some of which are freelancers working remotely.
What is DraftKings Daily Fantasy Promo Code Offer in 2020?
The current highest offer available is a Claim $500 in free play instantly promotion. The $500 is awarded to your account in the form of DK Dollars. You are unable to redeem DK Dollars for cash, they must be used on the website. You can enter paid contests with DK Dollars and if you win, you can withdraw the cash winnings.
Do I need a bonus code for DraftKings?
No, you don't. Just click through on a banner or button and you will receive the $500 in free play instantly. There are official DraftKings bonus codes posted on their website. The offers on this page are equal to the official offers. There are often bonus codes posted on Reddit or ESPN radio. The Daily Fantasy Cafe offers match these offers as well.
How do I receive my free contest ticket?
Once you make an initial deposit of $5 or more, the $500 in DK Dollars will appear in your account immediately. If you do not see the $500 credit, make sure you fulfill all the bonus requirements. You must be in a state where DFS is available and legal. You must meet the age requirement and you must not have an existing account.
How does this offer compare to the offer on TV & Radio Commercials?
This is the same offer as you hear on Sirius XM Radio, ESPN Radio, Barstool Sports and all other media. At this time, the DFS offer is standardized across all channels. There was a time in the past where different offers existed. However, with the focus on sports betting, daily fantasy sports has taken a backseat.
What is the Pending Bonus on DraftKings?
There is no longer a pending bonus. In the past, if you had a promotional offer for free bonus cash, your pending bonus would show much bonus was available if you played a certain volume of cash games. You would then need to play through a certain amount in order to withdraw your pending bonus. A pending bonus of sorts is still used on the Sportsbook.
How do you enter a promo code on DraftKings?
Promo codes are no longer needed. They have made capturing your bonus easier than ever. Simply click the banner banner above make a $5 or more deposit and you receive the $500 DFS offer. However, there are still promo codes being used to track certain promotions. You can click our banners and enter a promo code if you wish. It will not impact your bonus.
Is there a better promo code on Reddit?
No, the offers you see on Daily Fantasy Cafe are the highest offers available. A number of Reddit users post their refer a friend code that provides the referrer with $20 cash. It's a common program that anyone take part in. However, the referral codes provided do not provide a better bonus than Daily Fantasy Cafe.
What Types of Contests Can you Play DraftKings?
There are several different types of games depending on your preference and skill level. These include:
Booster/Multiplier: A league game where the top percentage of players gets back a multiple of their buy-in. For example, in a 5x booster with a $10 buy-in, the winners earn $50 each. The winning percentage depends on how big the multiplier is.
50/50: A league game where the top 50% of of players earn $1.80 for every $1 they paid to buy in.
Head to Head: A one-on-one competition, with the winner taking what both players paid to buy in.
Satellites and Steps: The top winners in a satellite game earn entry to another, bigger game instead of cash. If you can't afford a seat in a big-money game you can still earn your way there through a satellite. Steps tournaments are similar, where the winners earn a ticket that can be used in any game on the next step up.
Guaranteed Prize Pool (GPP): A GPP contest is one where the prize money is guaranteed regardless of how many people enter. GPPs usually give the lion's share of the money to the winner and decreasing amounts to the next few finishers.
Single Entry: Any of the above games (except H2H) can be listed as single entry. In these, each player is restricted to only one entry. Can be good if you don't want to play against big-bucks players who can afford multiple entries.
How Do I signup for a DraftKings Account?
You can sign up with a Facebook account or directly from the website or mobile app. You must provide your birthdate to confirm you're at least 18 (older in some states). Note that DK does not allow players from some states because of legal restrictions. Check to make sure your state is allowed before you try to sign up.
What Deposit methods are there on DraftKings?
Once you sign up, you are required to deposit at least $5 through a valid credit or debit card (AmEx, Visa, Mastercard, or Discover) or PayPal to receive the bonus. If you have any issues depositing via your bank account, utilize Play+. Play+ is a prepaid card option and negates any payment processing issues. You will be given one free contest entry as a sign-up bonus, and can potentially earn more signing bonuses with the right promo code.
In Which States Can You Play Daily Fantasy?
Since the list of states where you can legally play for cash prizes on DraftKings is nearly 80% of the United States, including Canada, we'll mention those states where play is restricted. You can have an account in these states, but you can only participate in free contests. Alabama, Arizona, Delaware, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada and residents from the state of Washington can only play free games. Legislation is on the books in many of these states to try to change current law.
DraftKings Sportsbook and mobile app are available to New Jersey, Pennsylvania, Colorado, Indiana, Iowa and West Virginia residents. With sports betting being removed as a federal crime, look for states across the country and parts of Canada to soon offer legal sports wagering.
Daily Fantasy Website Review
Usability is a high priority for daily fantasy players and the sports bettor. No one wants to squint to read player reports, performance statistics or game lines. DraftKing's developers were thinking about this when they designed the website. The site uses a dark background with light text color across the menus. Active pages turn an easily visible orange color, matching the DK logo background and other print. You can instantly navigate your way to your account information, and the deposit tab is big, bold and green.
Across the first menu line are all the basic pages. You'll land in the lobby, with quick access to your lineups, contests, any leagues you may want to join, plus missions and promos. Neatly tucked just below the main line are all the individual sports. Sports that are active are highlighted, with inactive sports grayed to blend with the menu bar. This is an especially helpful visual enhancement for mobile device users. Once you log into your account, you the first page you see will be the lobby and all the current featured contests.
There are three featured contests advertised as blocks, just below the various sports. You can quick link to any of these featured contests. Below these featured games will be an orderly list of multiple contests. Side bars allow you to choose specific contest types, or limit things such as the entry fee and game style categories. You can scroll down the featured list, or quickly limit this list by sport, by simply clicking on any tab in the sports menu bar. .
Thousands of bettors and daily fantasy sports enthusiasts adjust rosters and follow their lineups from a smartphone. Daily Fantasy is still alive and well. Read our full DraftKings DFS Review.
DK Live & Streaming Results
All the results of your DraftKings contests post live updates. DraftKings account holders can watch game visuals live and eventually be able to stream games. The initial package is going to use the EuroLeague for streaming live basketball games. Users will be able to stream one free game per week after you enter one contest with an entry fee of $3 or greater. The design is to eventually handle every aspect of the fantasy user's experience in one place.
In the future, you will be able to watch live games at the same time you see your fantasy contests unfold. DKTV already offers engaging and informative podcasts for the avid daily fantasy sports enthusiast. You can watch game recaps and gain insightful tips on strategy to give you a winner's edge. DraftKings players can start by earning their free EuroLeague game, and then watch for developments that DraftKings hopes will lead to an all-encompassing fantasy experience.
What Are Daily Rewards, Crowns and Daily Missions on DraftKings?
DraftKings likes to provide their loyal users with options to earn free games, or earn entries into special contests by completing a series of steps. Players earn DraftKings Crowns every time you enter a paid contest. You can use these Crowns in the DK shop on a variety of things. There is a line of stylish DraftKings apparel items, such as hats and shirts. Plus, you can convert your Crowns into contest tickets. You get your Crowns for every contest you enter whether you win or lose. As you earn more crowns, you c can achieve higher levels of daily rewards each month. Just login and see what you've earned. Once you receive a status, you can start redeeming rewards. Missions are a daily series of things you must do to earn more crowns.
For instance, on one day you may net 30 Crowns for entering any of the hundreds of $1 contests. As you complete more daily missions, the rewards increase. Working your way through the DraftKings Missions is an excellent way to earn free stuff, including contests where you could win a big cash prize. There is also the DraftKings refer-a-friend program. You can earn free game tickets, plus Crowns, simply by referring a friend who signs up for a DK account. You can redeem your free tickets in any contest that has an entry fee, which equals the ticket value. All prizes you earn will be cash, unless the contest prizes are only future contest tickets.
DraftKings Goes Public & Stock Performs Extraordinarily
A deal was announced in late December of 2019 between DraftKings, Diamond Eagle Acquisition Corporation and SBTech that will take the daily fantasy sports company and bookmaker public. Diamond Eagle is a special purpose acquisition company, which is already publicly traded. SBTech is a betting and gaming technology company. This deal makes DK the only vertically-integrated U.S.-based sports betting and online gaming company.
About SBTech and Diamond Eagle Acquisition Group
SBTech is a global leader in omni-channel sports betting and gaming, with more than 1,200 employees in 10 offices worldwide. Since 2007, the group has developed the industry’s most powerful online sports betting and casino platform, serving licensees in more than 15 regulated territories. SBTech’s clients include many of the world’s premier betting and gaming operators, state lotteries, land-based casinos, horse racing companies, and iGaming start-ups. The group supplies highly flexible betting and gaming solutions to clients looking for the quickest route to market. Their product is complemented by proven business intelligence and reporting capabilities.
The SBTech offering includes its seamless sportsbook, Chameleon360 iGaming platform, managed services, on-property sportsbook, and omni-channel solutions that provide players with constant access to sports and casino products across all online, mobile and retail channels. Supported by unrivaled expertise in trading and risk management, acquisition and CRM, and the highest standards of regulatory compliance, SBTech’s partners consistently achieve rapid growth, enhanced brand loyalty, and record revenues.
Diamond Eagle Acquisition Corp. was founded by media executive Jeff Sagansky and founding investor Harry Sloan, Diamond Eagle Acquisition Corp. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
What's in The Deal?
The deal is expected to be finalized in early 2020. Diamond Eagle will be changing its name to DraftKings as part of this merger. The company will be traded on the NASDAQ under the name DraftKings Inc. and is expected to have an estimated market cap of $3.3 billion. As part of the deal, a $304 million equity investment will be made from several institutional investors (Capital Research and Management, Wellington Management, and Franklin Templeton). The money will be used to expand operations into other markets such as Colorado and Michigan.
DraftKings co-founder and CEO Jason Robins will lead the company following its debut on the Nasdaq exchange, and SBTech management will remain involved in the company as well.
The company will be available for public trade sometime in early 2020. This will give the trading public plenty of opportunity to invest in this company while it is still on the rise. Legal sports betting is still in its infancy and will only continue to grow as more and more states legalize sports betting. DK already has its eye on a number of states this year and will only continue to grow. Having the chance to get into a company this early before it hits its peak is a rare opportunity. The combined company projects to have $540 million in revenue next year. That number is expected to grow to $700 million in 2021.
Some analysts believe that the US sports betting market can reach $13 billion by the year 2023. Being one of the biggest players in the US market, the future only gets brighter for this Boston-based company.