It’s an honest question that a lot of newer players may have –
Is DraftKings legit?
and then it’s usually followed closely by some others.
Do they pay you when you win? Do they offer fair games? Are you playing against real players? Do they follow the laws and regulations governing online gambling (avoiding it) while maintaining legal real money fantasy sports leagues?
I will answer these questions below.
DraftKings, Yes, DraftKings Offers Real Money Daily Fantasy Leagues
In terms of size, DraftKings is #2 behind FanDuel. They are the second largest daily style, or in the case of football, one week style fantasy site around. Like their nearest competitor, who is also a legit fantasy sports site, DraftKings offers real money fantasy sports contests that last the course of one day, or the weekend.
DraftKings Is Legit – I personally, as well as hundreds of thousands of others, have played fantasy contests at DraftKings. I have deposited and cashed out successfully.
Is DraftKings Legal?
Yes, DraftKings is legal!
The reason for this is that fantasy sports are specifically carved out of the UIGEA. This means that unless a state has a specific law against playing real money fantasy football, baseball, or any other sport then it is legal. Today there are a small few states where players are not allowed at DraftKings or FanDuel.
We are not lawyers so this is not legal advice, however for USA based fantasy players you can deposit with PayPal and normal credit cards for simple deposits. To get more into the legality of daily fantasy sports check our our ‘is it legal’ page where we link out to guys with more legal expertise.
Is Draft Kings Honest?
Yes, the team behind DraftKings offers an honest, fair fantasy sports experience. If you win, you win and if you lose, well, you lose. You can lose money playing fantasy sports at DraftKings. It is similar to poker in a way where the unskilled players deposit and deposit and the skilled players make consistent money.
DraftKings does not care who wins the contests directly. They make their money by selling out all of the contests that they list in the lobby. The more players who play, the more rake is paid. Winning or losing does not affect DraftKings bottom line in terms of revenue generated. They don’t care, so they have no incentive to rig the games against you.
Winning Money On DraftKings
Can you really win $1,000,000 or $100,000 or $11,350 playing fantasy football on DraftKings? Yes, absolutely. If you can win one of the large GPP (guaranteed prize pool) contests that happen every week then you can absolutely really win some absolute monster sized prizes. And then there are of course, those smaller prizes for the smaller entry contests.
I personally have been in first place in the weekly fantasy golf and had $100k sitting in my ‘currently winning’ list. Sadly I didn’t finish in that position.
How To Get Started
It is simple to get started.
- Visit DraftKings Here –
- Make an initial deposit – You can deposit as little as $5+
- Find a contest
- Draft your team and enter the contest
- Cheer on your players and watch your results on the leaderboard
- Cash out your winnings when the games are over
More Awesome Content