Posted 4/11/2022 by admin

Is Draftkings Safe

Safe, Fast, Secure; Sign Up Bonus. PROMO ACTIVATED Reveal Promo Code. DraftKings is a leading daily fantasy sports and sports betting provider for the most popular sports. Over the past 4 years, DraftKings has driven the massive spike in daily fantasy popularity to become the number one daily fantasy sports provider in the United. Is DraftKings Casino legal and safe? Draftkings is a renowned name in fantasy sports. Founded by three former Vistaprint employees, Draftkings became one of the leading fantasy sports sites in the United States. Building its success as a brand in online fantasy, the company establishedDraftkings Sportsbook and quickly stood out as New Jersey. First off, yes, playing daily fantasy sports online on sites like DraftKings is legal in all but ten of the 50 states (more on that below). There is no federal law that prohibits American citizens from playing on DraftKings, or FanDuel, or one of the many other daily fantasy sports sites. DraftKings is an American daily fantasy sports contest and sports betting operator. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major American sports (MLB, the NHL, the NFL, the NBA and the PGA), Premier League and UEFA Champions League soccer, NASCAR auto racing, Canadian Football League. DraftKings.com is a daily fantasy sports website, which offers regular fantasy contests in major league sports such as the NBA, NFL, MLB, and CFB, giving people a chance to win cash or prizes daily. Daily fantasy sites are relatively new to the fantasy sports industry, having been established in 2007 and still gaining popularity.

In this post, I will be silencing all the nonsense about whether Draftkings is legit or not. I will tell you what you really need to know in this review. I will touch on 3 things. These three things should answer or give you a better conclusion about Draftkings. Let’s get to it.

Is Draftkings Legit? Is Draftkings a Scam?

Yes it is legit, Draftkings is not a scam in any way, shape or form.

With all jokes aside and a straight face. Yes, it is legit. No daily fantasy sports company would hold as many customers and bring in such revenue if it wasn’t somewhat legit. I mean nothing is perfect. But it is good enough. I have been playing on Draftkings just about as long as I have been on Fanduel. Both sites have been getting a lot of heat from. Those suit wearing guys that chose to be a pain in the you know what. For a living. Allegations say that employees from each site. Was playing on the rival site and making huge bank. Was this true? No actual proof has been revealed to the public.

Even though one employee from Draftkings won big on a contest on Fanduel. They say the reason he won, was because he had access to very sensitive information. Giving him the upper hand on his competition. Yet no proof has been presented to the public. So it was kinda swept under the rug. For now, that is. I have never had any trouble withdrawing or depositing money on Draft kings and they always pay on time.

I’m sure I have done over 1,000+ transactions. All have gone through fine. The checks also. But I will say that the checks do take a while to get to you. But Draftkings lets you know that before you withdraw so. You have been forewarned. Your account is safe. No one outside of Draftkings can access your account. Even on the app. They have a feature where you can put a passcode on it. So if someone is on your mobile device. They can’t just click on your Draftkings account and get your cash. I have had over 30k in my account. It stayed there for about 4 months. It never moved. So they earned my respect and trust.

I will now go into the pros and cons of Draftkings. Starting with the pros.

Pros To Having A Draftkings Account

It is free to set up. So you do not have to pay anything or use a credit card to get started on their site. You can still play contests too with no entry fee. Just not to win money.

The site is full of players. Your chances of seeing the same player in a contest are very slim. Unless it’s a DFS Shark those guys are like shadows. It is hard to avoid them.

Your information is safe with Draftkings. They will ask for a lot of your personal information. Things like your telephone number, address, SSN, and email. All of that information is safe within the site.

It’s available 24/7 365. You will always be able to get on Draftkings and do something. No matter what it is. Unless you get on the site while they’re doing maintenance work. Which will be stated as soon as you get on there. Usually, they will be done in a few hours. So no big deal.

Now we will move into the cons of Draftkings.

Cons To Having A Draftkings Account

Drafkings site layout can be a bit overwhelming. It has a lot of bright lights and bells and whistles. That all function differently. So once you get on there. It’s good to read everything thoroughly before you click on something. I have entered many of the wrong contest. By not doing this.

They are a bit more strict than Fanduel. If you have an old account or an account you do not wish to use again. You cannot use the same card you have associated with the old account. What they will do is wait till you deposit. Then they will send you a lovely message stating blah blah blah. Really what they are saying is. That your card is associated with another account on Draftkings and that they are closing your account and keeping your deposit. Have a nice day. So keep that in mind. If you are looking to start fresh.

Be careful on how you invite opponents to your contest. This is a harmless but very fast way to get your account suspended or even closed. If guys start reporting you. Draftkings will soon email you saying something that will sound like this. Blah Blah Blah. But what they are really saying is that if you do not stop inviting people you have recently played against to your contest. We are going to silence you. Have a nice day. So if that 100 man contest of yours only needs 10 more slots to fill before game time. You may want to keep this in mind.

Conclusion

I know I have said it before and I will say it again. Yes, Draftkings is legit. Does it have its pros? Yes, and does it have its cons? Yes no matter what you are a part of on this earth. It is some good and bad in it. Some way, shape, form, or fashion. So I look at it like this. If it is not causing you physical or mental harm. Or stopping you from eating or paying bills. It is ok. Sounds bout like a job huh? Well, this is a job for some people. Like myself, I make a living off playing DFS. I have my up and down moments. But I love my job and pays the bills. It also feeds me and my family so. But this is all I have for this post. If you have any questions or further concerns. Feel free to leave them in the comments area below.

Categories Leisure & Entertainment

As the COVID-19 pandemic spread worldwide in recent months, major sporting events were either canceled or deferred indefinitely. Both players and audience of football, baseball, basketball, cricket, and many other games are missing their favorite events and are eagerly waiting to return to the grounds. In this scenario, let’s see what the future holds for the sports betting company DraftKings (NASDAQ: DKNG).

Overview

DraftKings, which started its operations in 2012, completed its business combination with Diamond Eagle Acquisition Company (DEAC) and SBTech through a reverse merger in April 2020 and started trading on NASDAQ with ticker symbol DKNG. The Boston, Massachusetts-based firm provides users with Daily Fantasy Sports (DFS), Sportsbook and iGaming product offerings. DraftKings is also involved in the design and development of sports betting and casino gaming platform software for online and retail sportsbook and casino gaming products.

Across all the product offerings, the digital sports entertainment company provides users with a single integrated platform that provides one account, one wallet, a centralized payment system and responsible gaming controls, compliant with regulations across all jurisdictions in which the company operates. These product offerings, which generate revenue for the company, are available through both web and mobile applications.

Growing user base

Monthly unique payers, (MUPs – the number of unique paid users on a monthly basis), has been growing year-over-year for DraftKings. For the first quarter ended March 31, 2020, MUPs grew to 720,000 from 600,000 in the prior year quarter. Average revenue per MUP increased to $41 from $37 in the first quarter of 2019.

In DFS platform, users pay an entry fee and select a team of players for a specific sporting event and they will compete against other users. The users are then ranked based on the number of fantasy points accrued by each user’s fantasy sports team. If a user finishes in a position that is within the prize payout table, the user wins the corresponding prize. DraftKings generates revenue from contest entry fees, net of amounts paid out as prizes and customer incentives.

Continuing loss

Since its inception, DraftKings has generated neither profit nor positive cash flow from operations. Net loss of $76 million in 2018 expanded to $143 million in 2019. However, revenue grew 43% annually to $323 million in 2019.

Opportunities

During the Q1 2020 call, CEO Jason Rabins stated that the rapidly growing digital sports entertainment and gaming industry opportunity represents an addressable market of over $30 billion in the US alone when considering a combination of online sports betting, fantasy sports, and iGames.

As of May 6, 2020, 21 states and the District of Columbia, have legalized sports betting in some form. As more states legalize the sports betting, more players will be attracted, which in turn will increase revenue for DraftKings. The company has been working with regulators to get its products live in states where it does not currently operate.

Despite missing several revenue opportunities from Q1 sporting events, DraftKings grew its revenue by 30% in the first quarter of 2020. However, there was an acceleration in iGaming activity after major sporting events stopped, and people began looking for alternative forms of entertainment.

Growing user base, unaddressed online gaming market in the US, and the increased momentum in the legalization of sports betting in more states are the bright spots for DraftKings.

Roadblocks

COVID-19 has created headwinds canceling several sporting events in the US and around the world. The company missed several weeks of the NBA and NHL seasons in Q1. Even yesterday, when a new coronavirus outbreak led to postponing the two games of Major League Baseball (MLB), DKNG stock tumbled more than 6%.

Is Draftkings Sportsbook Safe

DraftKings also faces competition from existing black-market gambling outlets and its main rival FanDuel, which was acquired by Irish company Flutter Entertainment (formerly known as Paddy Power Betfair) in 2018.

Is Draftkings Sportsbook Safe

It’s worth noting FanDuel and DraftKings called off their planned merger in 2017 as the Federal Trade Commission blocked it saying the merged company would become a monopoly and control more than 90% of the US market for paid daily fantasy sports contests.

Safe bet?

Till things get back to normal, it would be tough for DraftKings to bring in more users to their platforms. Let’s hope that later this year or in early 2021, the world will return to normalcy and all the sporting events will be played with great enthusiasm, like a few months ago. Till then DraftKings stock might experience a sideways movement as it has already had a bullish run. Investors can wait until the end of 2020 and then take a decision on DraftKings stock.

Is Draftkings Casino Safe

DISCLAIMER: The article does not necessarily imply the views of AlphaStreet, and contains opinions of the author alone.