DraftKings Review

Approved for US Customers
Pros
  • Slick and easy to use interface
  • Huge prize pools where you can win a lot with little risk
  • An impressive 13 different sports you can bet on
Cons
  • Some states currently do not allow DraftKings action

If you’re looking for the “King” in daily fantasy sports, you don’t have to look much further than the company with King in their name. While we don’t like to spoil the results of our review from the get-go, the cat’s out of the bag already. DraftKings is one of the premier choices for daily fantasy sports action. They have the biggest prize pools, the most contest to choose from, the most sports covered, and one of the best user interfaces we have ever seen from any sort of online gaming site.

It’s clear that the people behind DraftKings hired the right people to get the job done. The site is what we would dream up if we wanted a fantasy sports app for real sports fans. Every little thought we have for improvement they seem to already be ahead of and have implemented. Now, just because things are so amazing, it doesn’t necessarily mean that DraftKings is the best choice for you (though we predict it probably is going to be).

To find out exactly what the site has to offer, read through our comprehensive review now. We’ll walk you through how the site works, what sports you can bet on, how the user interface looks, the deposit and withdrawal options, their bonus and promotions programs, and how good their customer service is. By the time you get to the end of our detailed review, you’ll know all you need to in order to decide if DraftKings is the right DFS site for you.

How it Works?

DraftKings is not the same as your normal fantasy football league you play with the guys or gals from the neighborhood every football season. While it’s similar, there are a few major differences. The biggest difference is the length. When you play in a “normal” fantasy sports league, you draft a team, and they stick with you for the duration of the season. You can make trades and pick up players, but everything still works off of the initial draft and group of players.

With daily fantasy sports (DFS), leagues last as short as a day to as long as one week. That’s it. If you end up having a cruddy team, it doesn’t matter. Everything resets every day or week with each contest that you enter. No more being stuck with the injury squad all year with no chance of ever pulling out a win. If your team is cruddy, you will lose that contest, but you can join another that day and start over again!

The other major difference has to do with how your players are drafted. In a normal fantasy sports league, once a player is drafted, no one else can have them. With DraftKings, though, they will let anyone take any player they want. They don’t care if every person in a contest takes the same player.

Here’s how it works. You are given a salary cap to draft your team. Each player in the league is assessed a dollar amount value each week or each day depending on how often the teams play. Your job is to fill your roster positions with anyone you want from the league as long as you fill the necessary positions and you don’t spend more than your salary cap.

For example, in DraftKings football you are given $50,000 to pick your players. You’re required to get the following positions: QB, RB, RB, WR, WR, TE, FLEX, and DST. It’s up to you who you want to pick to fill these positions. But, you have to keep in mind that the better a player is and the more points they are projected, the more they are going to cost.

Tom Brady might be $7,200 while someone like Trevor Siemian is $4,600. It’s up to you to figure out how to get the perfect lineup that will get you the most points. You can’t just pick all the superstars because you won’t have enough money to fill all the positions. Also, if everyone in the league has the same player, you won’t get any value if that player scores a lot of points. Those points would be added to everyone’s score exactly the same, and you wouldn’t get ahead at all. Now you can start to see where some of the strategy comes in.

It is possible for two people in the league to have the same lineup, but it’s rare. In the case that happens, prize money would just be split for the position that the lineup gets.

Once your lineup or lineups (yes, you can often put more than one entry into a contest) are set, the scoring goes very similar to normal fantasy football. You get points for good things your players do and lose points when they mess up. If a player gets hurt or suspended before a game starts, you can try and substitute them before kickoff if there is someone you can afford available who hasn’t started to play yet.

The lineup with the most points at the end of the set of games is the winner.

What’s great about DraftKings is that a lot of their contests will have a ton of entries for a small buy-in which means a massive prize pool. Take their $20 buy-in Sunday NFL tournament they run every week of the regular season. How much you expect the first prize to be in a $20 tournament? $500? $1,000? 10,000? Try a million dollars. We aren’t kidding or making a typo here. You can win a million bucks on any given Sunday for a $20 buy-in. If this isn’t reason enough to jump onto DraftKings now, we don’t know what is. $20 too steep? Try the $3 buy-in Sunday tournament where first place is $200,000. For $3, you could walk out of a Sunday $200k richer.

Sports You Can Bet On

One of the best aspects of the DraftKings spread is the many different sports they offer contests in. We have to be honest, though. We expected that in the smaller sports there would be maybe one or two contests to choose from, and the bulk of the action would be with football, baseball, and basketball.

Boy, were we happily wrong.

Each of the sports that DraftKings is offering action on was loaded with options. The last time we updated this review they had 13 different sports that you could choose to enter contests with. Each sport had a lot of different options that you could choose from and its own unique scoring system.

On the homepage of DraftKings, each sport can be selected from the top of the screen. Each sport has a two or three letter abbreviation. These are listed below with the sport that they represent.

  • NFL – National Football League
  • MLB – Major League Baseball
  • NBA – National Basketball Association
  • NHL – National Hockey League
  • CFB – College Football
  • Golf – Golf :)
  • SOC – Soccer
  • TEN – Tennis
  • MMA – Mixed Martial Arts
  • NAS – NASCAR
  • CFL – Canadian Football League
  • LOL – League of Legends
  • EL – EuroLeague

Typically, DraftKings leagues run through the preseason, regular season, and the end of season championship. Basically, you’re always going to be able to find plenty of action in your favorite sport as long as they’re on the field or court somewhere.

User Interface

If you’ve ever played regular fantasy sports before you already know how important a good user interface is. If things are clunky, hard to navigate, and challenging to understand how to use, you’re going to end up having a terrible time playing. This will also have an effect on your ability to win. If you can’t pick the optimal lineups, join the contests you want, and make the substitutions you need quickly and easily, you’re going to be playing from behind.

So, how did the user interface stack up on DraftKings? With the risk of sounding too excited, it was incredibly awesome. It’s refreshing to finally see an online gaming site that understands the end user and what they want and need.

When you first get to the contest lobby, you’re able to pick the sport you’re interested in from a simple menu across the top of the screen. Above that, you see your account information, balance, Crown balance, and an easy to find link if you need to make a deposit. Once you select the sport you’re interested in, you’ll see a big list of all the upcoming contests you can enter into.

For each contest, you’ll see the name, the style, the entry fee, the total prize pool guarantee, how many entry slots are left, and when it begins. Additionally, you’ll have a bunch of options along the left-hand side of the screen that will allow you to find the exact style of contest you’re looking for. At first glance, it can seem overwhelming because there are a lot of flashing lights and numbers all over the place. But, when you actually look at everything that is there, it’s really easy to navigate and see what they have to offer.

If you are confused about where to start, click the featured tab on the sport you are interested in, and you’ll see the most popular contests that you can enter into. These are not just going to be the high-dollar events but will include buy-ins all across the spectrum. If you click on a particular contest name, it will pop up a window that will give you all the details you need about the contest including the rules and scoring, who is entered, the payouts you can win, and some additional details you’ll want to know about.

The interface for making your lineups and drafting your teams is just plain awesome. Everything is smooth, players are easy to find, and every little improvement we could think to suggest has already been accounted for. Believe it or not, we don’t like giving reviews where we say everything is great because it sounds like we’re biased, or we aren’t doing a good enough job digging through things. Unfortunately, things are so well done at DraftKings that we have to give them five stars on the interface.

Deposit and Withdrawal Options

In the sections below, we’ll walk you through the different deposit and withdrawal methods available to you when you play on DraftKings. The ability to move money on and off of a betting site is something that should be easy and headache free. We can tell you that from our experience and research, DraftKings does a great job offering plenty of quality options and quick turnarounds. We’ll break all the details down for you now.

Deposits

On DraftKings, you have several different options for funding your account. Any new account is going to have lower deposit limits, but you can get those raised if you need to. To do this, contact DraftKings support and let them know you’d like to increase your deposit limits. They’ll request a copy of your driver’s license or state ID and an image of a utility bill in your name from within the last 60 days. Once you provide this and they can verify you are who you say you are, you can get your limits increased.

The deposit options on DraftKings are the following:

  • Any major credit card including VISA, MasterCard, Discover, and AMEX
  • PayPal
  • Gift cards from Visa, MasterCard, or AMEX

It is also important to point out that you can only deposit into your DraftKing’s account with a payment method that is registered in your name. This means you can’t use your spouse, parent’s or friend’s credit card or PayPal account to fund your account. This is done to protect you, not to be annoying.

Withdrawals

With DraftKings, there are a few things you need to know when it comes to withdrawals. First, let’s look at the withdrawal options and then talk about some things you need to know.

  • PayPal
  • Check

While there are only two options, these options should be plenty for you to get your money. What they will also do, is refund the initial deposit back to its method first and then the remainder via the option you select from above. What does this mean? Well, let’s say you deposit $100 from your credit card and you win $10,000. Let’s say you decide you want to withdraw $9,000 of that money and leave the rest online to play with. The first $100 of that $9,000 will be credited back to the credit card you used to deposit. The remaining $8,900 will be sent to you by PayPal or by check.

Regarding time frames, PayPal cashouts take 2-8 business days while checks can take up to 2-3 weeks for delivery to you.

Keep in mind as well that you will need to fill out a W-9 prior to cashing out. This is a form they use to report any winnings you have to the IRS. Yes, you may be required to pay taxes on your winnings if you win enough. This is a good problem to have.

Bonuses and Promotions

Normally, when we go to review the bonuses and promotions for a betting site we expect to see two or maybe three programs they offer. DraftKings decided that wasn’t good enough for them! When we last updated this review, DraftKings had 17 or 18 different promotions and programs running to reward their players. This is unheard of with a gambling site, sports betting site, or any sort of casino or betting site.

Let’s take a look at the promotions they had running for you to cash in on some rewards.

Daily Reward Status Tiers

The basis of the DraftKings rewards program is their status tiers. These are levels that you can achieve based on the volume of your play. The more tournaments or games you enter and the higher the buy-ins, the higher your tier status will be. Each level comes with a different set of bonuses and rewards that you get. From our understanding, when you achieve a certain level during the month, you will get the benefits of that tier for the entire next month.

First, we need to introduce you to some terminology that DraftKings like to use within their rewards program.

Crowns
These are your frequent player point. When you earn these, it helps to increase your tier level. You can also use your crowns to purchase swag and tournament tickets from the DraftKing’s store known as the DKShop.
DK Dollars
These are basically tournament dollars that you can use to enter any contest on DraftKings. The only thing that makes these different than actual cash is that you can’t withdraw them. If you use them to buy-in to a contest and win money, you can certainly withdraw that money.
XP Points
These were a little confusing because it says on the DraftKing’s site that these “increase your DraftKings level” but it is clear in the chart they provide that your tier level is decided by how many Crowns you have earned. We will have to get back to you with a clearer explanation on this.
Tickets
These are free entry tickets into tournaments and contests on DraftKings.
Hidden Rewards
These are rewards that are given out on certain days to different tier levels.

Now that we are on the same page with the lingo we need to know, let’s talk about the different tiers that you can achieve on DraftKings.

Bronze 100 Crowns per month
Silver 500 Crowns per month
Gold 2,000 Crowns per month
Platinum 10,000 Crowns per month
Diamond 25,000 Crowns per month
Black 125,000 Crowns per month

The rewards for each tier are laid out across a calendar with different rewards on each day of the month. The higher the level you are, the bigger the rewards are. For example, if you’re the bottom level of bronze you would be getting 2 Crowns on several days of the month, 50-100 XP points on some days, a few days of hidden rewards, and a few very small ( < $1) tournament tickets.

If you’re a black level member on DraftKings, you’ll mainly be getting hidden rewards and DK Dollars anywhere from $10 – $70 dollars on the month that we checked. All you have to do to claim these rewards is log into your DraftKings account daily, and they will be credited to you.

Tournament Guarantee Promotions

The large majority of the promotions offered on DraftKings are tournament guarantees. These are contests where the site guarantees that the prize pool will be a certain amount. If not enough people register to reach that amount, DraftKings puts up the extra money. If more people register, the prize pool goes over that amount and is not limited at that like a ceiling.

The biggest of these was the Fantasy Football World Championship with an astounding 10 million dollar guaranteed prize pool and a $2 million guaranteed first prize. Not only is this crazy prize money, but the final 180 competitors get to compete live in Ft. Lauderdale, Florida with their trips paid for. If the beach and $10 million doesn’t get you excited, we don’t know what will.

There were a ton of additional tournament guarantee promos that stretched anywhere from $25k guarantees up to just under the $10 million mark of the championship event. The nice part that was a bit unexpected for us was that they had big guarantees across all of the sports and not just football. They even had a $250k Championship event for NASCAR that takes place in Charlotte, NC when NASCAR is in town.

They really went above and beyond with a lot of the tournament promotions they offer.

Achievement Promotions

For the major sports (football and baseball), they have specific achievements that you unlock by completing certain tasks. As you complete an achievement, you receive a reward (Crowns) and are moved to start working towards the next level up. Each level up on an achievement offers a much bigger reward (more Crowns).

For example, let’s look at a baseball achievement you could get. They have one called The Scoring Position. The criteria to complete is the total number of lineups you enter into anyone paid MLB contest. So, if you put 2 lineups into the same contest, you’ll achieve level 1 and get rewarded with 10 crowns. If you put in 3 lineups, you’ll achieve level 2 and get 25 crowns. If you put 150 lineups into the same contest, you’ll achieve the highest level of level 8 and get 25,000 crowns as a reward. Basically, if you did that, you would instantly get Diamond status for the next month at DraftKings.

This is just one example of the achievements they have available for you at DraftKings.

Customer Service

You have several options when it comes to customer support at DraftKings. The most useful option is live chat directly on the site. We tested it, and we had an agent on within about 3-4 minutes. The agent spoke good English and was extremely helpful in actually answering our questions. They didn’t just give us preprogrammed responses, but actually were able to help with our question.

If you aren’t in the mood for live chat, you do have some other traditional options to get in touch with DraftKings. You have email options, a contact form option, and even snail mail if you so choose to send them a lovely postcard or something.

Overall, we were very pleased with the customer service options as well as the quality of the help we received when we gave them a test run.

This review was made by: Rating: 5 out of 5