What is DraftKings?
DraftKings is one of the largest daily fantasy sports (DFS) platforms that allows users to participate in fantasy sports contests for real money. Unlike traditional fantasy sports leagues that last an entire season, DraftKings offers contests that last just one day or one week, depending on the sport. Founded in 2012, it has revolutionized how sports enthusiasts engage with their favorite games through competitive, skill-based contests.
Getting Started
Creating an Account
To begin, you'll need to create an account on the DraftKings website. The process requires:
- Basic information (name, email, password)
- Identity verification for legal compliance
- Must be at least 18 years old (21 in some states)
Making Deposits
DraftKings accepts various payment methods:
- Credit/debit cards
- PayPal
- Online banking
- Play+ prepaid card
Contest Types and Formats
Salary Cap Games
The most popular format involves salary cap management. Players receive a virtual budget (typically $50,000) to build their lineup, with each athlete assigned a specific price based on their projected performance.
Game Formats
- GPPs (Guaranteed Prize Pool Tournaments)
- 50/50s (Half the field wins)
- Head-to-Head contests
- Multipliers (2x, 3x, 5x, etc.)
- Leagues (Private or public)
Available Sports
- NFL
- NBA
- MLB
- NHL
- PGA
- Soccer
- MMA
- eSports
Drafting and Strategy
Creating a Lineup
Each contest has specific rules and requirements, including:
- Salary cap limitations
- Player selection from available pool
- Position-specific requirements
Research and Strategy Tips
- Study player statistics and trends
- Monitor injury reports
- Check weather conditions (for outdoor sports)
- Review player matchups
- Consider player performance history
"The key to long-term success in DFS is proper bankroll management. Never risk more than you can afford to lose."
Recommended bankroll allocation:
- 80% for cash games
- 20% for tournaments
- Never exceed 10% of your bankroll in a single contest
Scoring System
Each sport has its own scoring system. For example, in NFL contests:
Passing TD = 4 points
Rushing/Receiving TD = 6 points
Passing Yards = 0.04 points
Rushing/Receiving Yards = 0.1 points
Reception = 1 point (PPR format)
Legal Considerations
DraftKings operates legally in most U.S. states, but regulations vary. Check your local laws before participating:
| Region Type | Status |
|---|---|
| Most U.S. States | Legal |
| Some States | Restricted |
| International | Varies by country |
For more information, visit the DraftKings Legal page.
Advanced Features
Additional Contest Types
- Showdown Contests for single-game events
- Live Contests with in-game adjustments
- Rewards Program with Crowns and status tiers
Best Practices for Success
- Start with small stakes
- Diversify contest types
- Track your performance
- Join DFS communities for tips
- Use lineup optimization tools
- Stay informed about sports news
For more tips and strategies, consider visiting the DraftKings blog or the Fantasy Sports Trade Association website.