Fantasy sports leagues have been around for a long time, but daily fantasy sports leagues have revolutionized the fantasy sports world and offer a legal alternative to sports betting. DraftKings is at the forefront of this new dimension of entertainment for the sports enthusiast. DraftKings, which recently acquired DraftStreet, operates within the restrictions of the UIGEA Law passed in 2006 to give sports fans the opportunity to play against other sports fans all across North America in a game of skill.
Players can participate in pools with as many as 10,000 entrants to simple as head-to-head games with varying entry fees anywhere from completely free to $5,000 or more. Depositing is simple, with credit card, PayPal, Dwolla, and prepaid credit card gift cards accepted. Withdrawals are quick and painless. The legality of daily fantasy sports is not in question, so every player can deposit with the peace of mind that their money is safe.
Players have no shortage of options given the season as Major League Baseball, the National Football League, the National Basketball Association, the National Hockey League and both NCAA Football and Basketball are available to players. DraftKings also offered PGA pools for players that are interested in golf.
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The premise is simple. Anybody who has played fantasy sports will have no problem filling out a daily roster with just a click of the mouse for each player. Every league has a set salary cap and salary values are assigned to every player for that day’s action by DraftKings. Players construct their rosters however they see fit and have to manage their salary cap in order to fill out a full team.
DraftKings takes a small percentage of the entry fee to continue funding their guaranteed prize pools and site enhancements. In exchange for this small fee, almost similar to a rake in poker, players get frequent player points that can eventually be exchanged for prizes or buy-ins to daily pools. DraftKings even allows players making their first deposit a free entry into a $2 contest to have the opportunity to try out the software and maybe even win some money. Deposit bonuses are also available and players can refer their friends for even more bonus opportunities.
DraftKings partners with STATS LLC for up-to-the minute statistics and with Rotowire.com for daily fantasy news and notes on the players that are eligible to participate in each daily contest. Live scoring updates the contest standings throughout the duration of that day’s games and players are able to track their progress.
Not only can players sign-up, deposit, withdraw, and play from their desktop or laptop, but DraftKings now has a mobile application available as well. Players can check updated standings, join new pools, or get an account set up through the mobile application, which has all of the same capabilities as the website.
Depositing at DraftKings is legal for residents of the United States and Canada except for the residents of Arizona, Iowa, Louisiana, Montana, Washington, and the Province of Quebec. People in those states and Quebec can have an account, but are forbidden to play for prizes. Players must be 18 years or older at the time of sign-up, with the exception of residents of Alabama or Nebraska, where players must be 19 years old to participate.
This new dimension of daily fantasy sports is here to stay and DraftKings is one of the sites that interested players absolutely have to check out.
Adam Burke is a freelance writer and amateur handicapper with a knack for finding value through matchup analysis and a deep understanding of the sports betting market. His main area of expertise is baseball, with a background in sabermetrics and advanced statistics. He is the host of The Gridiron Gambling Report and our college football and college basketball BangTheBook.com podcasts on the BlogTalkRadio Network.
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