About DraftKings

Based out of Boston, MA and operated by Rotowire, Inc., DraftKings is a website that allows users from all over the world to enter into daily and weekly fantasy sports contests. The company claims that everything they offer is 100% legal, and their primary marketing angle is that they provide “rapid-fire,” short-term contests when compared to other seasonal leagues. In fact, even though they’ve only been in business since 2012, they’re widely considered one of the most reputable online fantasy sports destinations.

DraftKings has been featured in a wide variety of media, including the Wall Street Journal, the Boston Globe, Forbes, and TechCrunch, and has a solid social media presence with over 6,000 Facebook likes, and 4,100 Twitter followers. DraftKings has an A- rating with the Better Business Bureau, and based on our research, has very positive customer and industry reviews.

How DraftKings Works

DraftKings offers fantasy leagues for football, baseball, basketball, hockey, college football, and college basketball, and according to their website, the process can be completed in five easy steps:

  1. Sign Up: To begin, you’ll only need to choose a username and enter your email address. Signing up is completely free, and you’ll be credited with $50,000 to apply toward your team’s salary. However, remember that fantasy sports leagues are technically gambling, so you’ll need to be at least 18 years old.
  2. Pick Your Contest: You can play free or paid contests, including guaranteed, qualifiers, head-to-head, 50/50, multipliers, and more (see below for specifics).
  3. Create Your Lineup: Choose your sport, and then draft a complete team in just a few minutes. Each player’s salary is based on their overall skill level, and will be deducted from you overall credits. DraftKings is unique in that each user only has $50,000 to spend on player salaries, which levels the playing field.
  4. Watch: DraftKings offers you the ability to monitor your teams live on your computer, tablet, or smartphone.
  5. Win: Once your chosen contest ends, your accounted will be credited. Once you decide to withdraw your winnings, your request will be processed within two business days.

DraftKings Contests

DraftKings offers several different kinds of contests, including:

  • Freeroll: Completely free to enter, and winnings are paid using Entry Tickets or DraftKings dollars, which can then be redeemed for other contests.
  • Guaranteed Prize Pool (GPP): Highlighted in orange in the DraftKings lobby, GPP contests payout the entire prize pool, regardless of whether or not a contest was filled to capacity.
  • Sit N’ Go: Unlike GPP, Sit N’ Go contests are closed if they don’t completely fill. If this occurs, your account will automatically be refunded.
  • Double Up: Places are double your original entry fee, and all players are paid the same amount.
  • Qualifiers: Instead of paying cash, Qualifier contests pay out in tickets that can be redeemed for use in paid contests.
  • Winner Takes All: Only the first place player wins, who will take the entire prize pool.
  • Multi-Entry: You’ll be allowed to enter multiple teams into a single contest. Payouts vary by game.

Once you’ve begun, you’ll be able to monitor your lineup’s status as well as your contests in real time. Your My Contests page will also include any upcoming contests, as well as those you’ve already completed.

DraftKings Pricing & Refund Policy

Signing up for DraftKings is completely free. However, if you choose to participate in some of the paid contests, you’ll need to add credits to your account using a credit card, PayPal, or Dwolla. As a first time user, you’ll receive a free $2 credit to apply to the paid game of your choice, in addition to a bonus equal to the amount of your deposit. In other words, if you deposit $250 into your DraftKings account, you’ll receive an additional $250 in bonus credits. DraftKings does not offer refunds of any kind once your funds have been applied to a contest, so keep this in mind before entering.

From an earnings perspective, DraftKings also gives you the opportunity to earn up to 40% commission for referring up to five friends.

Pros:

  • A reputation as one of the best online fantasy sports sites.
  • Free to sign up, and easy to use.
  • “Rapid-fire” contests on a daily and weekly basis (depending on the sport).
  • 100% bonus on your first deposit.
  • Numerous types of contests, and immediate winnings payout.
  • Great user experience, whether on your PC or mobile device.

Cons:

  • None noted.

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74 Customer Reviews for DraftKings

Average Customer Rating: 1.9
Rating Snapshot:
5 stars: 8 4 stars: 10 3 stars: 2 2 stars: 2 1 stars: 52
Bottom Line: 27% would recommend it to a friend
Showing 1-11 of 74
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  • 0 out 1 people found this review helpful

    Not a scam (Legit)

    It's funny how these people are mad at the website when it's actually them. It's either they failed out of statistics or they have no idea what the money side of sports is and should stay in the stands drinking beer and yelling. I have made over 50k in 2 years on this site. I use one lineup in 27 dollars or even 3 dollars sometimes. I WIN. Not once but I have won over 15 major tourneys on here. Not place. I have won. Just these people that complain are probably mad at the world because they aren't capable of actually thinking like a fantasy sports player. It amuses me and I hope they are addicted to gambling because it's free money to guys like me.

    Bottom Line: Yes, I would recommend this to a friend

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  • Not bad

    • Medford, Oregon ,
    • Sep 21, 2016

    Been playing about a month, got lucky and won 7500 in one contest. Got the check via FedEx a few days later. No issues with the withdrawal process. Otherwise won a few bucks here and there but mostly have lost. Not a scam since I did hit one good win and I really did get the money but does seem like just gambling to me. You need to pick the players that have big games if you just get a couple players with big games you won't win. You pretty much need to pick every single player that had the biggest game. I did win 7500 but honestly, unless you're prepared to lose your money on a gamble I'd hold onto your money. I'm going to be taking a break since I've just been losing.

    Bottom Line: Yes, I would recommend this to a friend

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  • 1 out 1 people found this review helpful

    Skeptic

    I have been playing on DraftKings for many months, and have even won first place before, but so many times I see that most high winners have the bottom Pct of players, especially in golf, where one high winner had three of the six golfers at 2% and less. It just doesn't seem right. I'm very skeptical!

    Bottom Line: No, I would not recommend this to a friend

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    • Feb 25, 2016

      John Price

      This is part of the strategy for winning tournaments. You enter players that you feel most people would assume would do poorly. But your entire lineup can't just be random players, you have to find the low owned ones who you think may have a shot at doing well, in addition to the ones who will just plain score the most points (high owned). There's always going to be someone who is projected to do well, but doesn't. If that person is highly owned and you don't have him, you have a good shot to win. It's not a scam. It's good strategy.

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  • 2 out 5 people found this review helpful

    Scam

    The games are totally rigged to allow mega players scam newbies. Even the safest bets that are known as 50/50 where 50% of all players win are rigged. Only one player entry is allowed in most of those games, but you can detect the fraud in the winners when you see multiple entries with different names and all of their lineups are exactly the same and made at the same time. That is how the mega players scam you. They run computer programs with multiple email addresses and make multiple entries. Total scam. Figure you MIGHT have a 20% of winning anything in this scam. These Wall Street crooks need to go to jail.

    Bottom Line: No, I would not recommend this to a friend

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  • 0 out 1 people found this review helpful

    DraftKings vs FanDuel

    • Portland, ME,
    • Jan 19, 2016

    I've had fun with both DK and FD. Withdrawals from both went smoothly as advertised! DraftKings has an extra flex position where FanDuel has a kicker. DraftKings offers $25 referral incentive to both the newcomer and referrer. The signup process through a referral is identical to signing up traditionally. The $25 can be used to enter contests. You cannot withdraw this $25 but money you win from contests entered with that money can be.

    Bottom Line: Yes, I would recommend this to a friend

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  • 2 out 3 people found this review helpful

    Scam

    • Jan 19, 2016

    I've lost maybe $300 so far over the last 2 years. I have to admit, I wish I would have thought of this myself. Take a look on how many multi-entry tournaments are available. The very fact that you can have 100 - 200 entries on a single tourney is ridiculous. It makes it no fun because in order to win big, you will need to have the exact combination of players who blow up that week. In real fantasy you only get 1 lineup per tournament, and these guys are cleverly covering their tracks with these 100 - 200 entries per tournament. Yes, they pay out, my friend won 1 million on PGA last year, but fact is, you are playing against big odds with just 1 entry. You have a better chance at winning the power ball.

    Bottom Line: No, I would not recommend this to a friend

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  • 3 out 3 people found this review helpful

    Great for DraftKings

    • St. Louis, MO,
    • Jan 16, 2016

    I'm a ex pro baseball player that knows sports. In six months I haven't come close. Maybe it's me or something is fishy!

    Bottom Line: No, I would not recommend this to a friend

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  • 0 out 2 people found this review helpful

    Great Site

    • Antioch, TN,
    • Jan 15, 2016

    This site is great. If you do your research you will win. You cannot just put any lineup of good people in and think you will win.

    Bottom Line: Yes, I would recommend this to a friend

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  • 3 out 4 people found this review helpful

    Nonsense.

    • Jan 11, 2016

    If you value your hard earned money then don't sign up on DraftKings or Fanduel because it's all a crock of you know what. I have played since week 4 of this 2015 season and probably deposited 200 bucks and maybe won a whopping total of $60.00 – that's not because I don't have good drafts, but I think the system is rigged. You can have the best line up ever, including the best players, best defense but somehow the worst players will have the best game ever and then the next week they won't even play. That's pretty suspicious because you could be winning big and then all of a sudden you see an UNKNOWN NETWORK ERROR displayed on the page. Then all of a sudden you finally get back into your account and you're down to penny winnings.

    Bottom Line: No, I would not recommend this to a friend

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  • 3 out 3 people found this review helpful

    DraftKings and NFL Fox network

    • San Diego, CA,
    • Jan 3, 2016

    Don't waste your money. I don't care how many ads you see. I have played this site for money 14 games now. I have done all the research and the best matchups. Basically, they have a great site to make themselves a lot of money - your money. I won't go into depth, but it's very well thought out salary capture, then there is the injury factory probable, questionable, out. What a joke, tons of ankle, knee and then they play the next week and score a ton of points. The NFL is even in on it, they will make predictions before the game and call it the DraftKings report. Basically the NFL has found another way to get into your wallet. We are making a select few very wealthy. I'm not even going to go into what the webmasters can potentially do.

    Bottom Line: No, I would not recommend this to a friend

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  • 2 out 2 people found this review helpful

    Horrible customer service

    • North Carolina,
    • Dec 31, 2015

    Any questions you have are answered by an auto FAQ that doesn't even pertain to the your question. Their employees on Twitter are not helpful either. I went to Fanduel and got instant help.

    Bottom Line: No, I would not recommend this to a friend

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