I wanted to put together a DraftKings review because I’ve had a lot of people ask me about the site, how it works, whether it’s legal or not, etc, so I thought a nice summary of how DraftKings works, how it compares to the other daily fantasy sites (see our FanDuel review and our DRAFT review) and most importantly how you get paid is in order.
What Is DraftKings?
Surely you’ve seen the commercials or seen a Draftkings promo code so it’s no surprise that DraftKings is the most popular site in fantasy right now. Have you ever had a bad season in your fantasy sports league and wish you could just tear apart your team and draft a whole new one next week? That’s exactly the service that DraftKings provides. Not only that but you can win money doing it and it’s legal in most states!
DraftKings gives you a salary cap with which you can roster a team and play against one other person or thousands of people to see which of you know fantasy sports the best. You can play for free and win bragging rights or let it ride a little more and take home one of DraftKings million dollar prizes, it’s really all up to you. It’s a lot of fun and I really like playing it.
Which Sports Does DraftKings Offer?
DraftKings features games for all the major professional sports including the NFL, MLB, NBA, NHL, NASCAR, PGA, Soccer (English Premier League and UEFA) and even Mixed Marshall Arts leagues for you MMA fans out there.
Contest Formats & Types
DraftKings features a variety of contest types which are pretty standard with the rest of the other daily fantasy sites, including head to head, 50/50’s, multi-person leagues, guaranteed prize pool (GPP) tournaments, and multipliers. If you’re not familiar with these terms we outline them in our post about how DraftKings works, so check that out for more detail.
There are contests in all price ranges so if you’re looking to start slow you can play for free or a small amount like $0.25 all the way up to thousands of dollars if you’re looking for bigger action (obviously recommended for pros only!).
I really like that DK features leagues specifically for beginners which appear if you have played less than 50 contests in each sport. This gives new DFS players – or DFS players who are trying a new sport – time to get acclimated to how things work without getting eaten alive by sharks. I also really like how they break it down by sport so you can try new games even if you’re a daily fantasy veteran in another sport.
How Do I Deposit And Withdraw Money On DraftKings?
Depositing money is really easy on DraftKings and you can use your credit card or PayPal account to do it. You can also withdraw money to your PayPal account in a day or so or they can send you a check which takes around a week to get to your house.
I’ve made a few deposits and withdrawals since I set up my account and so far DraftKings has processed them flawlessly. When I started playing daily fantasy one of my concerns was that sites like this would make it easy to deposit and difficult to withdraw, but I actually think it’s easier to withdraw money, which is great because when I win I want my money fast and so far I haven’t been disappointed.
Website & SmartPhone App Review
The DraftKings website is very functional and gives you a lot of ability to find what you’re looking for with filters, tabs and a search bar to find what you’re looking for faster.
I find the main lobby page to be a bit “busy” because they jam a lot of information in to a very small space and it can be a bit overwhelming at first. Compared to a site like Fanduel which is a bit easier on the eyes and has a bit better user experience in my opinion. That said, it’s still a very good site especially once you get used to how things are laid out.
Setting your lineup on the site is pretty easy and you can click on each player to find out more information like their current season stats, their home/away splits, their performance over the last 10 days and their current matchup. It also includes player news so you can be sure you’re not in the dark if something big is going on with your player.
To find your players you can filter down by position, by game or by team and really narrow down your options until you find the player you’re looking for. You can also search for a player by name if you know who you want to put in your lineup for that day.
One feature I absolutely love is that DraftKings lets you know when a player is in the current day’s lineup with a little green check mark next to their name. This is especially beneficial in baseball when you’re constructing multiple lineups and it’s easy to miss when a player is out. At the time I’m writing this Fanduel does not have this feature that I know of, but it’s bailed me out on a number of occasions.
DraftKings App for SmartPhones
Where DraftKings really shines in my opinion is their app for iPhone and Android devices which is by far the best DFS app I’ve used. The app is very well organized and lets you find contests sorting by sport and league type so you can get where you want to go quickly.
Setting lineups on the app is surprisingly easy considering you don’t have the screen size to fit in a whole lot of information, but DraftKings does a nice job of sorting the information so it doesn’t take up a lot of space, but is there if you want it.
Here are a few screenshots from the DraftKings iPhone app:
When your contests are in progress the app does a nice job of showing you where you stand compared to the rest of the field, and shows you how much you’re winning. Although the website does a nice job of showing me how I’m doing in my contests, I much prefer to use the app.
DraftKings Customer Service
I haven’t really needed to use DraftKings’ customer service much so far – because I haven’t really had any issues – but there were a few situations where I entered the wrong game by accident and they were extremely quick and responsive and canceled my erroneous entry right away and credited back my money. It’s easy to see that customer service is a big focus for DraftKings so I’m confident that any issues I do have will be resolved.
Overall DraftKings Review
I’ve been playing on DraftKings for around 6 months and I’ve really enjoyed it. They have a nice variety of contest types, there’s always a contest available, they feature just about every sport you could want, and their customer service has been very solid. Beginner players might find their site and scoring setup a bit intimidating and may prefer FanDuel for its simplicity, but as a somewhat seasoned daily fantasy player I have to say it’s probably the best all around daily fantasy sports site going right now.
Frequently Asked Questions
Q: Is DraftKings Legal Or Is It Gambling?
A: This is by far and away the most asked question that we get, so I can only imagine how many times DraftKings themselves must answer it. Daily Fantasy sports are legal in the US via the Unlawful Internet Gambling Enforcement Act of 2006 so most states allow it as long as you’re of age. There are a few states where the rules are “fuzzy” so DraftKings doesn’t allow players from there.
Q: Does DraftKings Have Free Games? Do All Games Cost Money?
A: Absolutely and the free games are a great way to get your feet wet and understand how to win at DraftKings without risking any of your money. They also have a beginners section that is only available to new accounts so you have the opportunity to play against other new players. Of course you can jump in to any of the contests if you feel up to it, but I think the beginners section is a fantastic idea to help get players started.
Q: Is DraftKings Easy?
A: Easy is a relative term, but it really depends on your fantasy sports skill level. If you’ve been playing for a while in various formats and you know how to win your season long league you should have no problem being profitable with DraftKings. If you’re totally new to fantasy sports then you might have a tougher time.
Q: How Does DraftKings Make Money?
A: DraftKings takes a “rake” (a cut of the total pool of money) from each contest in exchange for operating the contests. The rake is between 5-10% depending on the cost of the contest you’re playing in. Larger priced contests have a smaller rake.
Q: Is DraftKings Rigged?
A: Since DraftKings makes money no matter who wins (via a % of the total prize pool) there is no reason to skew a contest in favor of one contestant or another. I’ve been playing for quite a while. Sure I don’t win all the time and there are times where you lose so narrowly that it hurts, but overall I see no reason at all to doubt the legitimacy of DraftKings and their entire organization.
Q: How Does DraftKings Pay Out Winnings?
A: If you win money DraftKings gives you the option to get your money quickly via PayPal. If you don’t have a PayPal account or don’t want to use it then you can also have a check mailed to your home. Of course the check payment option takes a bit longer than PayPal.
Q: Are DraftKings Winnings Taxed?
A: Yes, if you make more than $600 in a year cumulatively then DraftKings will send you a 1099. Sadly, Uncle Sam has his hand in everyone’s pockets, including daily fantasy sports.
Q: Does DraftKings Have Poker?
A: No, DraftKings features only daily fantasy games as poker or other casino games would not be legal under US law
Q: Does DraftKings Have Apps For iPhone / Android?
A: Yes, their apps are outstanding actually. I prefer them to the regular DraftKings.com site actually.
Q: Does DraftKings Accept PayPal / Credit Cards?
A: Yes you can make a deposit either via PayPal or credit card. I’ve done both and they’ve both worked with no issues.