How does DraftKings payout winnings?

DraftKings offers payouts via Paypal and check. You can count on withdrawals taking seven business days to receive.

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Yes, DraftKings makes the withdrawal process simple by letting you withdraw funds at any time. Players can withdraw their funds with a check, PayPal, ACH, and cage pick up at a retail location. Also, people who withdrawal with PayPal might only be able to use PayPal if that's how they deposited money. DraftKings has retail locations in Mississippi, New York, and New Jersey. Also, DraftKings has mobile operations in New Jersey, West Virginia, Pennsylvania, Indiana, New Hampshire, Colorado, and Iowa. All together, they are live in nine states. DraftKings is slightly bigger than FanDuel as they are operating in nine states compared to FanDuel's eight. However, the two may be tied soon as FanDuel partnered with the Denver Broncos and are setting up betting in the Mile High state. Yes, as of writing this, DraftKings stock is priced at $33.54 on the NASDAQ. DraftKings went public in July of 2019. Their IPO start at $9.76 and has increased in value since. With legalized betting spreading throughout the U.S. this will help the company grow and generate more revenue for stockholders. Yes, DraftKings is legal in New York. However, they only have a retail location at Del Lago Resort in Waterloo, New York. Mobile betting is not allowed in the Empire State, so bettors have to wait to use the DraftKings mobile app until online wagering is legal. Right now, there is no timetable on when that will happen in New York. DraftKings has a $1,000 deposit match bonus when a player signs up. If someone deposits $5,000 then DraftKings will add $1,000 to their account for a total of $6,000 to play with. Plus with DFC's exclusive link you can get a $50 free bet after your first deposit. This is the biggest offer DraftKings has for their sports bettors. DraftKings has hundreds of games to play on their site here. They have games from BlackJack to Texas Hold 'Em. They also have a variety of games like Monopoly and Wheel Of Fortune. Also, their online slots are the biggest game they have with over 100 different online slots to play. Yes, DraftKings has retail and mobile sportsbooks throughout the U.S. They have retail locations in three states, and has mobile betting in seven states. Since 2018, DraftKings has been launching sports betting operations that have legal sports betting. When the NFL is in the off-season most sites slow down. Not with DraftKings. DK keeps the action going with a variety of games in all major sports (Basketball, Baseball, Golf, Hockey, MMA), and you will be able to find thousands of contests with participation. When the NFL season is in season, traffic, games and prizes grow exponentially. You'll never have issues finding action within the parameters you desire. If you sign up today through our website, you will be able to take advantage of this offer. Don't wait and draft your team with no risk and no long term commitment. DraftKings is legal in the US and Canada. There are a number US states, that don't allow daily fantasy, so if you live in one of these states, you may be out of luck. Check out our Legal page for a list of these states and always follow up with the individual daily fantasy site and your state legislation. On any given day, you can find a fantasy football contest to join. During the weekdays, online users seems to be around 2,000-3,000 users. On the weekends, the number of users increases dramatically. Finding a tournament, Head 2 Head, or 50/50 game will never be an issue. The contest offerings are diverse and contests vary in prize money from $1,000,000 guaranteed prize pool to 1 on 1 battle with a $2 payout. You can always play in free games first before making your first deposit. Frequent players are rewarded with “FPP" or Frequent Player Points. These points are simply earned by playing money games. DraftKings also gives out DK dollars to loyal clients, which can be redeemed for participation in money leagues and prizes. The interface for DraftKings is easy to navigate and slick. There are featured tournaments highlighted at the top of the page, advanced filters which make finding the right game for you easy, and tabs to sort through game types. They also feature an easy to use mobile app that makes following your live contests or joining new ones simple. You cannot, however, download the app through the Google Play Store and will need to go to DraftKings website to download the mobile app. DraftKings boasts a robust assortment of daily fantasy sports options including the NHL -- who they've partnered with -- MLB and NFL as well as more niche sports such as PGA, MMA, Soccer and more. Within each of these sports exists a variety of gaming options from head-to-head contests, 50/50s and GPPs. The buy-ins to these contests range from free entry, to a quarter for the cheapest contests requiring a cash entry and up to over $1,000 for the most expensive contests. Basically, there is a buy-in for people of all income levels. During the NFL season, DK ran a Millionaire Maker contest most weeks of the season which awarded $1 million to the winner of the $27 buy-in tournament. The Millionaire Maker was such an overwhelming success that they've incorporated it in their PGA game -- with a $20 buy-in and a 125.9K person field. DraftKings is bigger and better this year than last. DraftKings now boasts one of the largest fields of daily gamers in the industry. Daily NBA contests regularly feature over 20-thousand gamers competing for large cash prizes on small stakes buy-ins. For instance, a Thursday night in late March featured a $3 buy-in tournament with a guaranteed prize pool of $65,000 and a 24,900 person field. These large field games with huge guaranteed payouts aren't exclusive to NBA games. You can always play in free games first before making your first deposit. Frequent players are rewarded with “crowns" or what used to be Frequent Player Points. These points or crowns are simply earned by playing money games, which can be redeemed for participation in money leagues and prizes. DraftKings is one our top choices as a top daily fantasy site for 2018. DraftKings is poised to pay out over $1 Billion in 2022. That dollar amount is mind-blowing and gives players ample opportunity to win a ton of cash prizes. In the first week of last NFL season, DraftKings made four people millionaires. In the following 10 weeks, DK handed out $1,000,000 to one winner each weekend. How would you like to become a millionaire in one weekend playing one day fantasy sports? If you don't already have an account, check out our DraftKings promo code page for the full new user bonus details. DraftKings is legal in the US and Canada. There are a number US states, that don't allow daily fantasy, so if you live in one of these states, you may be out of luck. Check out our Is Daily Fantasy legal for a list of these states and always follow up with the individual daily fantasy site and your state legislation. On any given day, you can find a fantasy football contest to join. During the weekdays, online users seem to be around 2,000-3,000 users. On the weekends, the number of users increases dramatically. Finding a tournament, Head 2 Head or 50/50 game will never be an issue. The contest offerings are diverse and contests vary in prize money from $1,000,000 guaranteed prie pool, to 1 on 1 battles with a $2 payout.

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DraftKings has been on the hunt for partners, and compete mainly against FanDuel for this market and being tied to specific leagues and teams. DraftKings partnered with MLB, which was a huge add for them. You can see them often featured on local shows, and MLB Network gets in on the action by talking DK scoring and stats most nights. They are not linked with any other sport as a whole, but are partnered with the Nuggets, Clippers, Knicks, 76ers, Raptors, and Warriors. For football, there are partnered with the Broncos, Giants, Cowboys, and Patriots. They have partnered with NASCAR and Liverpool Football Club. New Jersey is officially open for business and online sports betting revenues are on a steep curve. DraftKings is leading the way with a solid product, trusted brand name and enticing promotional offers. DraftKings is pushing the envelope as always with innovative contests and clever marketing campaigns. DraftKings has been promoting via Radio, TV, Billboards and hired the likes of Charles Barkely to increase exposure. Our sister site Lineups.com has the full DraftKings Sportsbook Review with all the details you need.

Website Review

This DraftKings review may be a bit biased as it's personally my favorite site to play on. However, I'm going to try to keep subjectivity out of the equation and focus on some facts. DraftKings provides a functional website with extremely high prize pools and tons of users. You can always find contests in a variety of sports with a wide array of buy-ins. Most importantly, this website is trustworthy and pays its users. The website is secure using SSL technology and allows for all major forms of payment for deposits. This site is becoming more popular after running nationally televised commercials.

Step 1 – Signup

You can't do any gaming at DraftKings until you signup. Thankfully, it's very easy to do so. Gamers in states that have laws preventing daily gaming will not be allowed to signup. If you're unsure if your state allows daily gaming, visit the Is It Legal? tab above or signup through DraftKings. Note: Your FREE play is automatically provided to you when you click on any of our images or links to signup on draftkings.com. This is an exclusive offer for dailyfantasycafe.com users! DraftKings provides by far and away the strongest promo code in the industry. As with all the daily fantasy cafe sites, to get the highest possible bonus offer, click on any of our links and you will receive $500 in Free games for a Daily Fantasy, which is a match of any other promo code offer you've seen on TV! This is guaranteed and certified by DraftKings. If you're in a state with legal sports betting, you can take advantage of up to an $1,000 deposit match bonus. Just click any of our banners or links to receive this top Draftkings promo code offer. If you still have question, reference our DraftKings promo code fact sheet.

Step 2 – Deposit Money

DraftKings makes depositing speedy and easy. You'll be directed to the deposit page immediately after signing up. On the deposit screen, you'll be presented with deposit options for $25, $100, $250, $600 and an "Other" field where you can deposit any dollar amount from $5.00 up to $2,000 (there is an option to fax in information to increase the maximum deposit limit). First-time depositors will receive a FREE $3 ticket to play in any $3 paid contest, which matches the highest offer you've seen...guaranteed. In order to unlock any offers, make sure to read all details, so you're aren't caught off guard by requirements. Deposits can be made using every major credit card and PayPal at draftkings.com.

Step 3 – Pick a Contest

Picking a contest is a little bit different from prior years, mainly because there have been new ways to play, and more sports added. The top tab will list all your sports to help you narrow down, but the featured tab also has the best contest selections across all on-going sports. Clicking on a specific sport will bring you to the contests page where you can further breakdown your search by the entry fee, contest type, and game styles. A sortable table can further your look for a specific contest. The advanced filter can narrow your search by field size, and also by guaranteed prize pools. With more sports and game styles, it can be a bit cluttered, so using the filters is recommended.

Contest Selections

There are two categories for contests when it comes to daily fantasy sports, cash games and tournaments. Tournaments can also be called GPPs (Guaranteed Prize Pools). Cash games include head-to-head games, 50/50s, and double-ups. Tournaments have a lesser chance of cashing, but a higher chance of payouts. You can also add in multipliers, satellites, and qualifiers to the tournaments list. Cash games will usually payout 50% of the field, or very close to it. Tournaments will payout 20-30%, although there are some winners take all tournaments. Single entry and three entry max tournaments have blossomed over the last year or so, and attempt to even the playing field to eliminate max entry players. You can find these tournaments in a number of entry fee ranges, and also across all sports.

Roster Formats

DraftKings differentiate themselves a bit from the other sites' roster formats, which is good for the industry as a whole. NBA is where you can see some different moves, like having a guard, forward, and utility spot. This gives you the ability to be a little more creative. DraftKings also has multi-position eligibility. James Harden could be your point guard or shooting guard depending on where you play him. This is different from most other sites. Sports, like baseball and hockey, also have position eligibility. Baseball is a sport where DraftKings has made a handful of moves over the season. They have always been a two-pitcher site, and have flirted with utility spots in MLB, but have recently gone away with it. There has never been a kicker spot in the standard formats on DraftKings, and they set the tone with a FLEX spot for daily fantasy football. As for golf, DraftKings gives you six spots to fill within a salary cap. It doesn't look like they will be moving away from that any time soon, as it works for other sports like MMA and NASCAR.

Game Style Formats

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Showdown Slate

Showdown Slates are now a way to play fantasy sports within one sports game. For instance, a Sunday Night Football game is one of the main Showdown Slates, but DraftKings runs it for other sports as well as the NBA. Your roster is made up of FLEX players, and a Captains Spot, where the player in that spot will earn 1.5x fantasy production. You can play any team defense, kicker, or offensive player that fits your roster. The same scoring and format are universal to other sports. DraftKings tends to put these slates out that are centered on games set away from the main format slates and will prop them up for bigger playoff games. It is a unique way to play fantasy sports, but also a way to make a singular game more interesting. DraftKings has not broken into the second half slates yet, but that could be something to keep an eye out for moving forward.

Tiers

DraftKings introduced the “Tiers" slate over the past year, which is a great way to play if you don't have a ton of time, or are on a slate that doesn't present a lot of good options. The game format has six tiers that each feature a selection of predetermined players. You simply choose from each group to create a roster of six players. There is no special scoring within this game format, so you have the same scoring as the main slates. Your lineup will compete against the other users' selections. The tiers generally will be varied between elite, average, and below-average players to select from. There are ways to attack these types of formats by correlating players from different tiers.

Classic

Your classic format is what you have been either playing for years or what they call the standard slate if you are new to the site. This is your basic salary cap format, where a user will need to fill in each spot, all while staying under salary. This mode also contains late-swap, which is the ability to sub out a player with another player as long as both games have not started. The scoring is standard across all sports within this format, although the number of players within the lineup varies.

Step 4 – Draft a Team

Once you've selected the game you'd like to play, you'll be able to draft your players who make up your team. The players available are listed to the left and can be sorted by position. Each player carries a salary, and when building your lineup, you'll need to comprise a roster that doesn't exceed the salary cap. As you build your team, you'll be presented with the remaining salary and average remaining salary dollar amount to spend on each player. Once you're happy with your team, you can submit it. If you're entering another contest and want to use the same roster, there is an easy import button that will allow you to grab your already constructed roster. If you are playing a showdown slate or a tiers game style, you may not see a salary. There are specific game rules to still follow, but a tiers game style is not going to limit you in salary. The showdown slate brings many different ways to play, especially with the Captains spot.

Scoring

It is critical to review the scoring terms on draftkings.com and any other money league websites you use. Scoring structures vary, and your draft should be completely catered to the scoring system of the website you are using. Here is an example of the MLB Scoring. Scoring is one of the bigger ways to make your site unique, and DraftKings does a good job of being different, without going completely off the wall. In football, they have bonuses for 100+ yards on the ground or receiving, and also a bonus for 300+ yard passing games. They have bonuses for other sports like baseball, where they give you fantasy points for complete games, shutouts, and no-hitters. The bonuses are felt in a big way with basketball, as the three-point gives an advantage for heavy three-point shooters. Players also can get bonuses for double-doubles and triple-doubles. If you are playing hockey, short-handed goals are a bonus, and the same goes for hat tricks. Golf has more in-depth scoring, and overall it has become one of the more popular fantasy sports. You move across all four days and are scored on per hole production, tournament finishes, and streaks. Your golfer can get a bonus of three birdies or better, a bogey-free round, and all four rounds under 70 strokes. The overall scoring across all sports is pretty standard and close to what you have played in season long. There might be a few small differences, but the logic is the same.

Step 5 – Withdraw Funds

In order to withdraw funds, you'll start by clicking on the deposit button. When you arrive at the deposit screen, you'll find a withdrawal option on the left-hand side of the screen. Withdrawing funds is simple, and there is a $20 minimum. The withdrawal policy for DraftKings is to first refund the original deposit source with the amount you deposited, and then gamers have the option to choose a check or PayPal transfer to receive their remaining funds. If you no longer have access to the credit card you made your initial deposit on, be sure to contact DraftKings prior to requesting a withdrawal. According to DraftKings' FAQ page, they process withdrawals Monday-Friday from 9 AM ET to 5 PM ET, and once the withdrawal is processed, it typically takes anywhere from 2-7 business days for funds to appear in your account. They also note checks can take up to a week to receive. DraftKings offers payouts via Paypal and check. You can count on withdrawals taking seven business days to receive.

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