DraftKings Daily Fantasy Guide & FAQ
Q: What is DraftKings?
A: 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 www.draftkings.com
Q: Where is DraftKings based?
A: DraftKings headquarters are in Boston, Massachusetts. raftKings has offices in New York City as well.
Q: What is DraftKings Daily Fantasy Promo Code Offer in 2020?
A: Claim $15 in free play instantly.
Q: Do I need a bonus code for DraftKings?
A: No, you don't. Just click through on a banner or button and you will receive a free ticket to a cash game.
Q: How do I receive my free contest ticket?
A: Once you make an initial deposit of $5 or more, the free contest ticket will appear in your account.
Q: How does this offer compare to the offer on TV Commercials?
A: It is the same offer.
Q: How does this offer compare to the offer on Radio Commercials?
A: It is the same offer.
Q: What is the Pending Bonus on DraftKings?
A: There is no longer a pending bonus on DraftKings. 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.
Q: How do you enter a promo code on DraftKings?
A: DraftKings has done away with promo codes for Daily Fantasy Cafe users. They have made capturing your bonus easier than ever. Simply make a $5 or more deposit and you receive the offer.
Q: Is there a better promo code on Reddit?
A: No, the offers you see on Daily Fantasy Cafe are the highest offers available.
Q: What Types of Contests are on DraftKings?
A: DraftKings offers 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.
Q: How Do I signup for a DraftKings Account?
A: You can sign up to DraftKings with a Facebook account or directly from their Web site. You must provide your birthdate to confirm you're at least 18 (older in some states). Note that DraftKings 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.
Q: What Deposit methods are there on DraftKings?
A: 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 DraftKings 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.
Draftings Merge with SB Tech: Going Public Soon
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 DraftKings the only vertically-integrated U.S.-based sports betting and online gaming company, according to a press release.
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 exceptional configurability and the quickest route to market, 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.
About Diamond Eagle Acquisition Corp.: 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 DraftKings' 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 Future of DraftKings
DraftKings 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. DraftKings 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. With DraftKings being one of the biggest players in the US market, the future only gets brighter for this Boston-based company.
DraftKings Fact Sheet
In Which States Can You Play DraftKings?
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.
New Jersey is the first state to legally allow sports betting, both online and on mobile devices.
DraftKings Sportsbook and mobile app are available to New Jersey 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.
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. DraftKings 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. These three features of the DraftKings website are important. They work perfectly if you're using a computer, but the design also improves compatibility with mobile devices.
Thousands of bettors and daily fantasy sports enthusiasts adjust rosters and follow their lineups from a smartphone. Therefore, the user-friendly website is an important and appealing feature of DraftKings.
DraftKings Mobile App
DraftKings already established themselves as one of the top daily fantasy sports sites in the industry, and they targeted sports betting as their next adventure. New Jersey opened up their doors first to sports betting, and Pennsylvania was the latest state to do so. There are a few more in the waiting. All of this started because the Supreme Court removed a federal ban on sports wagering, leaving it up to the states to decide. DraftKings was the first site to roll out a mobile sports betting app and got their Sportsbook up as well. The site is in a great spot as sports betting continues to open up more across the country.
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, DraftKings 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 needs to be played through.
Cashier Options (Depositing & Withdrawing)
Making deposits and withdrawals with DraftKings Sportsbook is very easy. You have the option to deposit with PayPal, debit or credit cards, Play+ prepaid, or a bank transfer. Play+ is like a separate wallet where you transfer money in and out of it through your bank. There are a few options for the amount, but it just has to be a minimum of $5.
There are a few options to withdrawing money. There is a minimum of $15 to withdrawal, but you can do it in a few ways. This isn’t an offshore account, and is U.S. based. This means you can rely on a check being sent to you, and within a few business days. If you are a resident in New Jersey, or even visiting, you can cash your payout in Atlantic City.
Types Of Bets & Stats Hub
The listed bets below can all be found in the lobby. The DraftKings Sportsbook lobby is pretty standard to what you see on sports betting sites around the industry. A collapsable 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 found by DraftKings
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.
Money Line 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, just 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.
DraftKings 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 - DraftKings will choose select odds to boost around the slate of games on most days. This means they have enhanced the odds on an outcome, meaning your winnings would be greater if it wins.
Design & Interface
Overall the 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 is a bit basic, but there are a few more features here like a live look in, box scores, probabilities, and a recap of plays. Bouncing between the 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.
Note: DraftKings Daily Fantasy is still alive and well. Read our full DraftKings DFS Review and make sure to use our verified DraftKings promo code.
DraftKings has been known for their customer service and communication. They have a support form to fill out, but also have live chat during specific hours of the day for more pressing needs. If you do not go through chat, you will be able to receive a email from a customer service representative. You can email DraftKings support directly at firstname.lastname@example.org. Providing brief info and a summary of your problems will provide all they need to know for a helpful response.
DraftKings Rewards & Promotions
The Sportsbook side doesn’t use the crown system like the DFS side, but they have unique rewards and promotions. With the odds boost and profit boost style bets, these tie into their reward system.
DraftKings will create reward tiers within the “Promos” tab, as you can see in the picture. These mimic the achievements and missions that are set over on the DFS side. The reward tiers will resemble something like the image above, where if you bet a total of x amount of dollars on a series or game, you can earn a free bet.
In addition to the DraftKings rewards, they have something called a Profit Boost token. This allows you to apply a boost to an outcome, where say you get a 25% token, you can make more money on any given bet. This is a nice way to build up your bankroll by taking a stronger favorite and getting better odds.
DraftKings Referral Program
You might be familiar with the referral program from the DFS side, but the Sportsbook is also offering a referral program. If you link a new user to sign up, you can receive a free $50 bet to use within 30 days for your account. The user just has to make at least $5 deposit and use that money within 30 days.
Legal State of Sports Betting
There is likely still some questions with the legality of it all. 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 Virgina 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.
FAQ (5 Questions)
Is my Sportsbook wallet connected to my DFS wallet on DraftKings?
Yes, your wallets are connected. However, DraftKings Dollars and free bets are separated between DFS and sports betting.
Does DraftKings Sportsbook have a mobile app?
DraftKings offers an app for both Android and iPhone users. You can find it in the app store on your phone.
Can I play when visiting a legalized state?
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 DraftKings website, “That means placing a bet while on vacation is 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.
Does DraftKings offer 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.
Editor’s Overall Review
DraftKings put together a really nice product that is easy to use but still advanced enough for the more experienced user. They offer up a variety of rewards and promos, as well as a nice getting started bet with the risk free bet that is matched for your first deposit. Combining the wallets for the DFS and Sportsbook side was a major plus for those who play both. DraftKings has a wide variety of betting styles, and offer up ways to build your bankroll. While the design is on the lighter side, it is still one of the better Sportsbooks out.
• Multiple ways of depositing and withdrawing funds.
• Quick and knowledgable 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.
Once you have an official DraftKings 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 DraftKing'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, but that those same features would work with mobile devices. 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.
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.
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.
Quick reference list:
- 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 9:00AM and 5:00PM, it will be processed that day. Withdrawals made after 5:00PM 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.
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.
How Can You Get Help and Support for DraftKings Questions?
The first place to go for answers to your questions about using any of DraftKings products or services is the FAQ page. DraftKings posts a number of easy-to-understand answers to many of the questions you might have. If you cannot find the answer there, DraftKings has live agents available to work with you on their live chat window. As soon as you navigate to the DraftKings 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. DraftKings customer support agents are available Monday through Friday from 7:00AM to Midnight EST, and from 9:00AM 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
DraftKings Company History
DraftKings is one of the best known daily fantasy sites on the Web. It was founded in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman, formerly of the printing company Vistaprint. DraftKings 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, DraftKings bought out DraftStreet, the third largest daily fantasy site. DraftKings 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, DraftKings 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, DraftKings'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 competing with FanDuel Sportsbook. We expect this to remain a constant as the states expand legally.