Founded in 2012, DraftKings has long been known as one of the top sites within daily fantasy sports. They legally operate in 43 states, cover a wide range of sports through various contest types, and offer a huge $500 sign-up bonus to new customers.
In this article, we will examine playing daily fantasy sports at DraftKings, such as which states can play DFS contests at DraftKings, the deposit options available, as well as the DraftKings promo code you’ll need to get the $500 sign-up bonus.
What’s the promo code for DraftKings?
New customers do not need a DraftKings promo code to get the $500 deposit bonus. Simply head to DraftKings, then enter your email address, a screen name, and password, and click ‘Play Now’. After that, deposit funds into your account, and FanDuel will match the amount in the form of a bonus up to $500.
In other words, deposit anything up to $500 and you’ll receive a bonus for the same amount.
Is there a DraftKings Daily Fantasy Sports App?
The DraftKings Fantasy Sports app is currently available for both iOS and Android devices. Simply search DraftKings – Daily Fantasy Sports on the Apple App Store or Google Play Store.
Specifically, DraftKings’ DFS offering involves building a roster (or lineup) of professional players within a designated salary limit (as opposed to lineup-less platforms such as MonkeyKnifeFight and PrizePicks) for a given day or week of matches within a sport.
Before contests start, each player eligible for a contest is assigned a salary (determined by DraftKings’ proprietary algorithm). Owners must then build a complete roster without exceeding the roster limit. Winners of contests are determined by the total amount of fantasy points produced by the rosters.
Traditionally, DraftKings has offered two main forms of contests: ‘cash games’ and ‘GPPs.’
In cash games (also known as double ups), users compete to finish in the top 50% of the contest to win double their entry fee. A special version of the cash game is the Head-to-Head contest, where two users compete directly against each other to double their money.
In GPPs, a field of contestants contend for a limited number of larger prizes. In this sort of game, the prizing structure is somewhat exponential. For instance, the first-place winner may win upwards of 25% of the prize pool, while the last qualified winner (about the 75th percentile) wins about 1%.
In addition to these more common kinds of contests, DraftKings has also introduced a handful of signature games.
One of the most popular of these contests is Showdown Mode, where users roster a smaller lineup of players for only one match/round for Football, Basketball, and Golf events.
Within the football and basketball realms, there’s an added twist: users must designate one of their players as ‘Captain,’ and Captains receive a 1.5x multiplier on their fantasy points scored.
Other FanDuel-similar contests are DraftKings’ Snake and Snake Showdown games.
In Snake contests, users draft a 6-person lineup in a live draft with other users–much like a traditional season-long fantasy draft.
Meanwhile, Snake Showdown is the truncated, 1-game-only version of the contest.
Another new, exciting contest is the ‘Tiers’ game. In this contest, users are required to fill several lineup spots, with the catch being that each spot may only be occupied by a player within its pre-designated ‘tier’ (wherein a Tier 1 player is much better than a Tier 6 player).
Sports Leagues Covered
- Football (NFL/CFB)
- Basketball (NBA/CBB/EuroLeague)
- Hockey (NHL)
- E-Sports (League of Legends)
- Soccer (English Premier League)
DraftKings Deposit Options
Funds can be deposited to DraftKings’ DFS site via credit card, online banking, and PayPal.
Where is DraftKings Fantasy Sports Legal?
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia