Draftkings 1099

DraftKings Review – One of the two DFS leaders

When it comes to the best in fantasy football contests, there are few sites that match Draftkings for their unique approach. It is little wonder that this site has drawn a considerable amount of attention for its focus on short-term contests and quick winners that has separated it from the pack. We will cover everything you need to know in our Draftkings Review.

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In this DraftKings review, we will look at what makes this site so popular, how it works and the advantages along with the disadvantages of its unique approach to daily fantasy football.

What is Draftkings?

This is a daily fantasy football site that is dedicated to professional and college football and basketball as well as the other four major professional sports, which include the NBA, MLB, NHL, PGA, MMA but also fantasy soccer! The emphasis of Draftkings is the quick contests that happen on a regular basis as opposed to the more traditional season-long affairs that comprise most fantasy football leagues.

There are contests that occur virtually every day of the season in which you decide to participate with winners every night. The payouts happen after the games are completed and you can play for as long as you want.

Draftkings is one of the two leading fantasy football websites out there and is constantly under pressure from Fanduel. Read or FanDuel Vs DraftKings comparison to find the best fantasy sports site for you.

The total amount of promotions of Draftkings is mind-blowing and never stops. They constantly come up with new promotions to attract even bigger masses of players. These promotions are of course free to participate in. Currently, Draftkings sends players to major Poker Tournaments such as the World Poker Tour or the World Series of Poker!

They are running contests where Millionaires are born. The total amount of prizes they paid out is estimated in the triple millions by now and is growing day by day. Due to their fast growth, they are spending tons of money on their promotions. The great FFP store is another great opportunity to get more value for your money. Draftkings VIP-System will also be explained in our Promo Section.

A detailed list of all promotions and Bonuses on Draftkings can be found in our Draftkings Promo Section.

The Advantages & Disadvantages of DraftKings

Draftkings is legal to play in the US with all but five states recognizing fantasy football as a game of skill. You do have to be at least 18 to play and 19 if you live in either Nebraska or Alabama. There are a number of advantages to playing daily fantasy football on this website.

Easy Sign-Up: The entire sign up feature was simple and direct, meaning that you can get straight into the action. In fact, the entire customer support at Draftkings.com made for a very pleasant experience as it only raised a few questions which were answered quickly.

Several Different Contests: From head-to-head, league and 50/50 to qualifiers and multi-players, there are a number of different contests that you can participate in and win a considerable amount of money if you draft just right. The wide variety of the contests in the site’s strongest selling point.

Strong Payouts: While there are few huge payouts, a good player can rack up a number of smaller ones in a short period of time. For many, this may be a better course of making money since your fortunes can change from week to week as opposed to a season-long league where a slippage at the end can cost you many weeks of work.

While there are strong advantages, there are just one or two not so great aspects to playing on this site. If you enjoy the long term strategy of fantasy football, you may not like the emphasis on quick payouts. Thus, the emphasis on the daily events will make this somewhat more luck-driven to win as opposed to the season-long contests where skill plays a higher role.

Still, for those who a more immediate thrill of playing in a daily fantasy football arena, then Draftkings is definitely for you. The entire system is easy to learn and implement which means that you can be playing on your first day and even win. This site comes highly recommended and makes for a great change-of-pace compared to the full season fantasy leagues that are already well established.

Draftkings App

With Draftkings App readily available, the fun quotient has further escalated. The players can now use the app and create their fantasy teams while on the move. This App is available for Apple and Android operating systems and both work is almost the similar manner.

The most significant aspect of this app is that it can be used for free, but unfortunately, playing the game is not. Though, the game can be played free with many freerolls available, but in case you would like to win big amounts or prize money, there is no option but to be a part of real money competitions. In order to be a part of such competitions, entry fees may be required in varying amounts.

Just like the website, the Draftkings App also works in the similar manner, which means users can take the advantages of various promotions and deposit bonuses. The huge cash amount can be enjoyed with the deposit bonus for starting the fantasy sports fun filled experience. In order to make the most of this experience, it is imperative that the player is highly active as the cash is released incrementally with more amount getting released as more the player plays the game. Using the Draftkings app, the player can sign up and a team can be built easily. Though it is better to start the team using the website, it can also be done through the app, especially when it is not possible to access the computer. This app has further gained popularity as it allows the player to keep a tab on the team and if required, allowing to make necessary changes. In case, you are always on the move and staying in front of the camera is not always possible, you can simply load the app and be a part of the big contest.

The progress of the team can be followed on a screen. It will also let you know in case you have won something. One can easily create his or her own profile and the same will be displayed when facing an opponent. Head shots are also clicked by many sports stars that helps in making things easier while browsing as names, text or numbers many make things complicated.

The fast speed of the app creates excitement in the game while playing and the chances of any errors are next to negligible. Also, there are no chances of the site getting crashed in case of vigorous testing. In many other games app, it has been seen that they do not offer regular updates that shows the availability of injured players as well.
All in all, these features help people to decide to become the Draftkings member without losing any time.

Is Draftkings Legal?

„The legality of daily fantasy sports is the same as that of season long fantasy sports. In 2006, the US Federal Government passed a law called the Unlawful Internet Gaming Enforcement Act (or UIGEA), which was designed to prevent gambling over the internet. The law included a carve out that clarified the legality of all fantasy sports.

Daily fantasy sports is a skill game and is not considered gambling.“ Draftkings.com

We at Fantasy-Sport.net believe that Draftkings is one of safest Fantasy Football leagues out there and is therefore one of our recommendations. Please keep in mind that you cannot play in case you are from: Iowa, Arizona, Louisiana, Montana, New York or Washington.

Is Draftkings legit?

Draftkings is giving you the chance to win real money and that daily. On the big guaranteed tournaments there are literally millions of dollars up for grab. Drew Dinkmeyer of the big winners, who won one million USD in one night explains how he did it

Again it’s your choice if you want to play for real money. The good news is that every new player can get $2 for FREE on the first deposit. Meaning, that you can test around with little money.

According to Draftkings, more than $200 million in real prizes are up for grabs. So what are you waiting for?

Drafkings Support

Draftkings Customer Support is known to be friendly and very helpful. Especially for players who just started to play fantasy football, Draftkings is a good choice.

Support Hours

Monday – Friday

9:00 AM – 11:00 PM EST

Saturday & Sunday

10:00 AM – 7:00 PM EST

Cashouts on Draftkings

We have experienced a very fast and hassle free cash out policy from Draftkings. No matter on the amount, Draftkings pays out within a few business days. You can easily cashout your funds by PayPal or credit card. Both cashout options on Draftkings usually take a few business days.

Taxes on my Draftkings Winnings?

You do have to pay taxes on your cumulative net profit from all your fantasy sports activities in case you are winnings more than $600 annually. In case you do Draftkings will issue you a 1099 tax form which you then use for your income statement.

Draftkings Review Summary

To sum up, if you are looking for a fantasy football site that allows you variety and solid gameplay Draftkings may be just the place for you. Draftkings is:

• A daily fantasy football site that offers quick contests without a season long commitment
• Offers new players a free deposit bonus of up to 600 dollars
• Constantly coming up with new and free promotions in order to attract more players
• Very easy to use and has strong payouts with many different contests
• Legal to play in the United States with the exception of five states
• Perfect for beginning players
• Has a fantastic app
• Considered a game of skill
• Offering millions of dollars’ worth of winnings for all players
• Offers very friendly and helpful support for any technical issues that may come up
• Prompt with its payouts, which you will receive within a few days
• Taxable should you win over 600 dollars annually from your game winnings

Draftkings is the perfect start for any avid fantasy sports player and we hope to see you very soon on the fantasy football field! In our Draftkings Review we covered the most important information on the second largest fantasy sports site out there. Draftkings is an excellent choice for every fantasy sports player who is looking for a great variety, big prize pools and a solid game interface!

The Draftkings Bonus is a nice plus and should not be missed if you want to play for real money.

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DraftKings Review

Contents

DraftKings Review

DraftKings, based out of Boston, Massachusetts, USA, is one of the very top daily fantasy sports (DFS) sites in the industry. DraftKings’ mammoth growth in recent years now has the site paying out cash to players exceeding $1 Billion in just 2015 alone! Their massive growth and constant adding of affiliations with professional sports leagues and organizations has them now offering more various sports (currently 9) than any other site out there.

DraftKings current lineup of sports offered, when in season, currently include:
National Football League (NFL), Major League Baseball (MLB), National Basketball Association (NBA), National Hockey League (NHL), Canadian Football League (CFL), Golf (PGA), Soccer, (SOC), NASCAR (NAS), and Mixed Martial Arts (MMA).

DraftKings offers a huge selection of contest types to play in for all the aforementioned sports, with contest entry fees ranging from $0.25 to over $5,000. DraftKings also offers freerolls to win tickets for contests or DraftKings dollars that can be used to enter cash contests.

With year-round sports offerings, massive cash payouts occur every week in the millions, and it constantly continues to increase! DraftKings has all your sports covered so don’t miss out during your favorite sports seasons!

All new customers to DraftKings will receive a free entry into a real money contest. The free entry is worth $3 and will provide entry into one of the big guaranteed prize pool tournaments that DraftKings regularly offers. The sport will depend on the time of year.

You must register an account and make a deposit of at least $5 to qualify for the free entry coupon.

After your DraftKings account has been created, you have the option to deposit cash into your newly registered account. You can make cash deposits using credit/debit cards including Visa, MasterCard, American Express, and Discover, or you can also do this by using PayPal.

Click this link to learn more about this DraftKings new player bonus.

Everything you could possibly need to do can be done from the DraftKings main lobby. From here you can create a lineup. Simply click on the “Create a Lineup” link, select your available sport and a start time, then click on the continue button which will take you to the draft page.

DraftKings has a salary cap amount of $50,000 to spend to fill your lineups. All spots must be filled and the total amount of your lineup cannot exceed the salary cap of $50,000. For example, in creating an NFL lineup, DraftKings lists each position and player available. The draft page will also show the opponent matchup, the opponent’s rank vs. that particular position, the average fantasy points per game, and the player’s salary amount.

Injury information, current player news, game logs, and opponent matchup information is also available here by clicking on the link for a particular player. Once you have filled all the roster spots at or under the salary cap, click the “Create New Lineup” button, and your lineup is saved. You can create as many lineups as you want in this same manner.

Once your lineups are created, you can select any contest from the lobby and import your saved lineups into that contest, and then you are in action!

DraftKings offers a “Late Player Swap” feature as well as a global player swap option.

The Late Player Swap feature allows you to swap out and replace any roster spot before that players game time has started, even if other players games in your lineup has already started. This feature will come in handy to adjust for last minute non-starts for any reason.

The global player swap feature allows you to swap out a particular player and replace him in all your lineups. For example, say you have 10 different lineups, with QB Andrew Luck in 7 of them. Say you want to replace him with someone else in all your lineups. Using this feature, you could swap him out and replace him with another player in all your lineups at the same time.

As well as creating lineups, you can also create your own contests very much like the contests you may see in the lobby. You will also have the options to make your created contests either public (available to everyone) or private (by your invitation only).

DraftKings offers a wide variety of contest types from which to choose from.

Draftkings 1099 Misc

Tournaments/Leagues:

Tournaments and leagues are the most popular type of contest with the most players and the biggest offered cash prizes. Guaranteed prize pool (GPP) tournaments have the largest cash prize payouts with cash prize structures guaranteed to pay out to winners, regardless if these contests fill to capacity.
Leagues may not be guaranteed if these contests do not fill completely and will cancel if that is the case. The variety of league contest types may vary greatly, depending on the number of entries and entry fee amounts. These particular options can be filtered specifically to narrow down what type of contests you are looking for.

Head to Head (H2):

This is just two entries at whatever entry fee amount works for you. It’s just you versus another player with the winner taking all (less the 10% rake).
Rakes are generally 10% for all contest types but may be less for higher stake entries.

50/50s and Double Ups:

These two contest types are very similar. You win 50/50sby scoring in the top half of all entrants, thereby doubling your entry fee (less the rake). Double ups pay 2X your entry fee if you win, but you will need to score slightly higher than 50% of the field. This is another way the site covers the rake.

Multipliers:

Multiplier contests have various prize payout structures depending on what multiplier you are playing. For example, triple ups pay three times (3X) the entry fees to winners, or 5X, 10X, or whatever multiplier you happen to choose.

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Satellites and Qualifiers:

Satellite and qualifier contests pay winners entry tickets to bigger contests if you win instead of cash. Some tournaments are qualifier entry only, meaning you cannot buy-in into the large GPP contests without winning one of these firsts. Other scenarios include winning these tickets to avoid paying the larger entry fees to the larger GPPs.

Freerolls:

DraftKings offers freerolls either daily or weekly depending on the sport. Winners of freerolls can either win tickets to enter cash contests or DraftKings dollars. DraftKings dollars cannot be withdrawn, but can be used to enter cash contests, similar to the tickets.

Draftkings 1099 2019

Withdrawing your cash from DraftKings is very simple. Just click on the My Account link in the upper right-hand corner, then select withdraw. Withdrawals must be at least $20 per transaction.

DraftKings’ policy is to pay your initial withdrawal amounts back to the original source of your deposit. Any withdrawals exceeding your original deposit amount will be paid to your PayPal account or by check. For example, if you initially deposited $600 using a Visa credit card, the first $600 you withdraw will be credited back to this same Visa card used for the original deposit. Any withdrawals above your original deposit amount will now be paid to you by check or PayPal.

You may receive a 1099-Misc federal tax form from DraftKings if you receive a cumulative net profit exceeding $600 in a calendar year. If this is the case, you will need to submit your Social Security Number (SSN) for them to process this.

DraftKings Mobile App & Site Review

Check out our DraftKings App and Mobile Site review here.

DraftKings support is outstanding and very quick to respond. Our response times to questions/issues have ranged anywhere from 2 minutes to several hours later. Support can be accessed from the same My Account section for deposits/withdrawals. Simply click on the “Contact Us” link, and send your question/request.

DraftKings support is available seven days/week. You do not need to be logged in on the site to contact them. You can email them at support@draftkings.com as well. Just be sure to use your email address that you have on your account with DraftKings.

Find out if Draft Kings is legit! Read the Draft Kings review at LegitOrScam.org.

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Don’t know how to play fantasy football? Find complete instructions on how to play fantasy football here!

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If you’d like to read more about DraftKings, we recommend checking out the extensive DraftKings review at https://fantasyfootballers.org/draftkings-review/.

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