FanDuel vs DraftKings Sportsbook & DFS – Which is Better?
There are currently still two household names dominating the Daily Fantasy Sports (DFS) and sportsbetting industry, with every other company competing for third place. FanDuel vs DraftKings Sportsbook – These are the two top fantasy sports betting sites currently ahead of the game. Deciding which site to play can be a difficult choice.
Whether its Fan Duel or Draft Kings, both have much to offer and both are nearly on par with their offering for fantasy sports players and online sports bets. To assist in your decision, I will guide you through a head-to-head analysis and comparison of DraftKings vs FanDuel.
FanDuel vs DraftKings Sportsbook – Our Choice?
FanDuel goes beyond DraftKings, offering efficient phone support, consistent salary caps for daily fantasy games, cheaper sportsbook odds, more deposit & withdrawal options + early cash outs too.
DraftKings vs FanDuel Sportsbook No Deposit Offers, Welcome Bonus and Promos
Less can sometimes be more. But in the case of welcome bonuses, the bigger the better. For that reason, and that reason alone, DraftKings wins when it comes to DFS and sportsbook welcome bonuses.
FanDuel Promo & Deposit Bonuses – $5 Free (DFS) / $500 Risk Free Bet (Sports Betting)
FanDuel DFS currently offers a fantasy sports bonus of 100% up to $5 on your first deposit. I will never complain about free bonus dollars, but this is not the most impressive DFS welcome bonus. Especially in comparison to the Draft Kings $520 bonus for new fantasy sports players.
Regarding sports betting, FanDuel Sportsbook NJ offers a risk-free first bet match, of up to $500, if you lose. This is the same as Draft Kings, however, there is no actual real sportsbetting bonus on offer.
DraftKings Promo & Deposit Bonuses – Totaling a Generous $520 (DFS) / $1025 (Sports Betting)
The DK sportsbook & fantasy sports bonuses are split into three parts. These are:
- Enjoy a DraftKings $20 Free Play DFS bonus (minimum first deposit of $5) OR a $25 No Deposit sportsbetting bonus
- Match Deposit bonus of 20% up to $500 for both Fantasy Sports and/or sportsbetting. For every $25 played on DraftKings Sportsbook, DFS and Casino; you will receive $1 in bonus funds on your account (For e.g., a $2,500 deposit requires a turnover of $12,500 in daily fantasy contests, sportsbook, casino products, or any combination thereof to receive the maximum possible bonus amount of $500, within 45 days.
- Risk-free first bet match up to $500, if you lose (Sports betting only)
DraftKings vs FanDuel Sportsbook Loyalty Program
FanDuel comes out on top in this category due to its incredible loyalty program known as FanDuel Players Club. The VIP system will be based on FanDuel Points (FDPs) and will include stronger advantages than seen on the site in the past. You can expect larger increases in the prize amounts offered for each of the freerolls including the weekly promotions and live event giveaways. All the rewards get better as you rise throughout the different tiers, giving players an incentive to earn more points within the month.
Draft Kings also has an excellent VIP program that can make playing on it worth your while. Those that have a high gameplay volume will gain access to unique opportunities to enter private contests, access to premium customer service, as well as the chance to see exclusive live footage. DraftKings VIPs are by invite only.
Similarities & Differences Between FanDuel vs DraftKings Sportsbook and DFS – Full Overview
At the top level, the platforms of Fan Duel and Draft Kings are very similar. The differences emerge more in the areas of nuance and personal preference among individual players. Here is a complete overview:
|Fantasy Sports Bonus||$520|
$20 Free Play
+ 20% up to $500
|Sports Betting Bonus||$1025|
$25 No Deposit
+ 20% up to $500
+ $500 Risk Free
|Payment Methods||PayPal, Visa, MasterCard, Discover & Amex||PayPal, Visa, MasterCard, Discover & Amex|
|Loyalty Program||FanDuel Players |
|DraftKings Daily |
|iOS & Android App||Yes||Yes|
|Leagues (Private & Public)||Yes||Yes|
|Lineup Creation Tools||Standard & multi-entry||Standard & multi-entry|
|Resources for Players||FanDuel Insider||DraftKings Playbook|
|Acquisition (Data Platform)||numberFire (2015)||SBTech (2019)|
|Funding||$416 million||$719 million|
|Last Reported Valuation||$1.2 billion||$1.5 billion|
|Major League Partnerships||NBA, NHL, MLB||NFL, UFC, PGA|
|Owned by||Flutter Ent |
(aka Paddy Power Betfair)
FanDuel vs DraftKings Sportsbook: Payment Methods – Deposits & Withdrawals
Regarding banking methods, both FanDuel and DraftKings offer very similar options, however FanDuel processes withdrawals faster than DraftKings. PayPal sportsbooks are what I recommend the most, as transactions are fast with an additional layer of security. Players can deposit at DraftKings and FanDuel using the following payment methods:
- American Express
If necessary, once a W-9 tax form has been completed, players can withdraw from their account. At DraftKings, withdrawals can take between 2-8 business days. Whereas FanDuel only needs 48 hours to process PayPal payments and 2-4 days for online banking. Checks for both FanDuel and DraftKings can take up 2 weeks to arrive in the mail. Common ID checks for withdrawing funds includes:
- A valid mailing address
- Date of birth
- Social security number
DraftKings vs FanDuel Sportsbook: Funding
While it has been some time since FanDuel and DraftKings were whipping up seed funding, it may be of some interest to you.
DK Sportsbook/DFS Funding Summary
DraftKings started its initial seed funding round with just $1.2 million in 2012. Since then, it has reached venture funding into Series F rounds. Its latest funding round in December 2019, for DraftKings acquisition of SBTech, resulted in raising $74.6 million, which now places DraftKings at nine total funding rounds. The company has also attracted large sports companies in past funding, which will continue to solidify their market hold. A substantial chunk of the largest $300 million dollar round in 2015 funding, came from Fox Sports. They paid close to $150 million to DraftKings, which gave Fox Sports an 11 percent stake in the site. DraftKings’ funding now totals over $719 million.
FanDuel Sports Book/DFS Funding Summary
FanDuel began its funding almost three years before DraftKings through an unknown Angel investment in 2007. Now the company has raised over $416 million in seven different funding rounds. In direct competition with DraftKings, FanDuel managed to gain $275 million in Series E funding. Thus, raising their cumulative funding with both Google Capital and KKR backing them. The most recent funding news is that FanDuel sought inward for additional funding through a Convertible Note round. This raising was over $55 million. This is good news for players of FanDuel, as the site directly puts their funding into developing new products, acquiring new customers, and building an all-star management team. There is no question that FanDuel is continuing to lead the Daily Fantasy Sports industry.
Where are DraftKings or FanDuel Sportsbook Legal?
The following table is a list of all states where US sportsbetting is legal. However, not all these states have legalized online mobile sports betting. FanDuel Sports book and DK Sportsbook are legal and online in the following US states:
Where are FanDuel vs DraftKings Fantasy Sports Legal?
FanDuel and DraftKings fantasy sports are legally available in all States of America except Arizona, Hawaii, Idaho, Louisiana, Montana, Nevada, and Washington.
Internationally, fantasy sports from FanDuel DFS and DraftKings DFS, are available in the following countries:
DraftKings vs FanDuel Sportsbook: Sports Available
The quality of the sports/leagues you play in should always be your first concern, though. This is what will keep you at a site long term. The sports offered by each site are basically the same, but the leagues offered are slightly different. There will always be additional niches which differ between sites. Both sites offer the following sports:
- College Basketball
- College Football
DraftKings offers a lower rake at the higher stake games, plus more high stakes contests, than FanDuel. They can also handle a bigger traffic of players when it comes down to it. You can find more options if you are coming in looking to play big contests. You also need to Consider the VIP program for both FanDuel and DraftKings, and what suits you best.
FanDuel Vs. DraftKings Sportsbook: NFL Leagues
FanDuel gives you the chance to play a salary cap format for your football leagues, which draws many people to their website. These salary cap leagues are called weeklong leagues, although most of the action occurs on Sundays. There can be as few as two people in these leagues for head-to-head action, as well as up to over 100,000 people for massive tournaments. FanDuel’s salary cap is $50,000.
DraftKings has a salary cap format, which is also $50,000. An advantage of DraftKings is that you can have a flex player. Regarding scoring, Draft Kings and Fan Duel are very similar with only minor differences. DraftKings allows you to gain bonus points for both 100+ yards receiving and 300 yards passing. The player pricing for DraftKings is based on an algorithm that considers matchup, weather, location, past performance, value compared to other players, player popularity, etc.
FanDuel vs DraftKings Sportsbook – Partnerships and Sponsorships
The two largest fantasy sports sites, DraftKings and FanDuel, are in constant competition for major sponsorships and partnerships. From teams, leagues, tournaments and even sporting venues – FanDuel and DraftKings sponsor all of them. Both DraftKings and FanDuel have nearly 90% of the team marketing sponsorships in the NFL, plus many other teams in all leagues and sports.
DraftKings DFS/Sportsbook Sponsorships:
- NFL – In 2019, DraftKings signed a partnership with the National Football League as the authorized gaming partner. The NFL Players Association partnered with DraftKings in 2015, allowing players in the league to be able to appear in upcoming commercials. The partnership has increased both the number of players in the Daily Fantasy Industry as well as the total fan base of the NFL itself.
- PGA Tour – In 2019, a multi-year partnership was signed between the Professional Golfers' Association and DraftKings.
- UFC – In 2015, a multi-year partnership was signed between Ultimate Fighting Championship/Mixed Martial Arts (MMA) and DraftKings.
FanDuel DFS/ Sportsbook Sponsorships:
- MLB – In 2019, FanDuel has been the authorized gaming operator of Major League Baseball (MLB).
- NHL – In 2018, FanDuel signed a multi-year partnership with the National Hockey League, as their exclusive daily fantasy sports partner.
- NBA – Since 2015, FanDuel has been the official partner and gaming operator of the National Basketball Association, with multiple special team partnerships in place too.
DraftKings Playbook aka DK Playbook – DFS News
For all the latest sports news, players at DraftKings have access to DraftKings Playbook. Multiple writers produce daily articles for all sports on DK Playbook. The most common sports are NFL and MLB. Players can choose from categories like Daily Research, Betting, Strategy, New and Training. DraftKings Playbook is one of the most comprehensive sports betting resources available online.
DraftKings vs FanDuel App & Mobile
Both FanDuel and DraftKings boast excellent reviews for their mobile apps. There are different apps for both fantasy sports and sportsbetting. As well as different apps depending on your state. With a solid split screen option, plus fast updates, and a clean, smooth user interface, the DraftKings app and FanDuel app are perfect for DFS and sportsbook players. Live Streaming will also be coming soon to DraftKings Sportsbook app.
The sportsbook app for FanDuel is identical to desktop, except the bet slip has its own screen. Players can setup prop bets and parlays. Whereas with the DFS app, players can choose what sport they want straight away, where everything is then categorized perfectly for users.
Why Choose DraftKings Sportsbook/DFS?
DraftKings created “Beginner Contests” that are perfect for gaining experience, especially for novice players. These games are only available to those players who have played less than 50 games in a sport. This beginner gameplay lets you get a handle on each type of sports before entering the big leagues. For new players, this can give peace of mind, as well as the opportunity to learn while still playing for real money with any fantasy sport payment method, instead of just through free games.
- Late Swap
DraftKings lets you late-swap your players. This means that you can alter a player from your lineup right before that player’s game begins. On the other hand, FanDuel locks your roster in once the first game of the slate starts. This can be hugely beneficial for NBA fantasy gameplay as injuries are often announced at the last minute. However, it can also benefit NHL and MLB fantasy players since the lineups and goalies for the West Coast games sometimes are not announced before the games on the East Coast begin.
- Satellite Availability
One of the best parts of DraftKings is the ability to join the satellite contests. This type of competition allows you to win tickets to major tournaments with typically high buy-ins. However, there are also opportunities to win cheap tickets, such as a $10 ticket for a 25-cent satellite. This is an excellent chance to gain valuable tickets for an affordable price, no matter your bankroll. Thus, giving you the potential to play in contests that would usually be too expensive for your buy-in range.
- DraftKings eSports
DraftKings is one of the few Daily fantasy sports sites that also offer fantasy eSports. You can compete in the following eSport games on DraftKings:
- Call of Duty
- Defense of the Ancients
- League of Legends
- Rocket League
- NASCAR iRacing
- Counter Strike (CS:GO)
- StarCraft II
- Street Fighter
Why Choose FanDuel Sportsbook/DFS?
- Win Your First Contest or Your Money Back
On FanDuel, if you do not come out on top in your first contest, the site will refund your money to try again as credit. The bonus feature covers up to $500 and the money will only be available as credit on FanDuel.
- FanDuel Vs. DraftKings: Simple Gameplay
FanDuel set up their roster clearly so that every sport is simple to enter. There is no utility or flex, and players can only enter one position. The scoring is extremely straightforward, so you will not experience any curveballs. However, FanDuel’s simplicity does not take away the skills needed to be successful in the game or the fun. What it does do is make it easy for new players to enjoy their gameplay and quickly catch up to other players.
- DraftKings vs FanDuel Sportsbook: Roster Lock-In
It may be confusing that FanDuel’s lock-in is a benefit since DraftKings’ opposite late-swap is a benefit as well. However, since it comes down to personal preference, some may find the lock-in feature to their liking. If you do not want to follow the news all night, then sticking to FanDuel’s locked-in gameplay can be advantageous. This allows you to pick your roster and then not have to worry about changing it once lock time starts. Another benefit of the locked-in roster is that you can see the ownership percentage of your players right away, as well as your opponent’s roster if you are playing in a head-to-head game.
- DK Sportsbook vs FanDuel: Scouting Feature
Arguably one of the best features of FanDuel is that it allows you to check out your opponents before engaging in gameplay with them. If you click on any participant’s username, you can get a glimpse of their profile page. This shows you exactly when they signed up and the number of wins, they made for each type of sport. However, keep in mind that just because a user is new to FanDuel or does not have a high number of wins, does not mean they are new or bad at Daily Fantasy Sports. They may have just previously been on another site.
DraftKings vs FanDuel Sportsbook & DFS: Number of Users and Traffic
There is currently no exact number on the total amount of users for each Daily Fantasy Sports site due to many registered users playing on both DraftKings and FanDuel. However, according to sources close to the merger deal that was on the table in late 2017, the two companies had a combined 5.5 million users (in 2017). The merger was cancelled due to the threat of litigation. At this point, DraftKings CEO Jason Robins said that DraftKings had close to 8 million users.
Comparison Between FanDuel vs DraftKings Sportsbook & DFS: Final Thoughts
Ultimately, it is your decision as to whether you want to try FanDuel or DraftKings out. If one of the site’s descriptions is calling your name, then begin with that website. However, the best way to truly test which site you like better is to try the free games on both sites and decide which one is your favorite. You can also deposit a small amount of money into each to figure out which suits you best. The good news is that the sign-up process for both sites is extremely easy, as is the deposit process. Therefore, you will have no trouble trying both sites out.
At this stage in the daily fantasy sports industry, it is FanDuel vs DraftKings Sportsbook, with every other operator battling for third. I’m not going to tell you whether DraftKings or FanDuel is “better” simply because that’s ultimately a subjective decision, but I’m certain you now have a sense of which operator best lines up with what you’re looking for in a DFS or sportsbetting site.
FanDuel vs DraftKings Sportsbook & DFS FAQs
Which is better FanDuel or DraftKings?
If you are wondering what site is better out of FanDuel or DraftKings, we'd recommend FanDuel due to the option of phone support, consistent salary caps for daily fantasy games, lower sportsbook odds and faster withdrawal options.
Does FanDuel or DraftKings payout more?
Generally speaking, both FanDuel and DraftKings are very similar. FanDuel has higher contest amounts in DFS, on the other hand, DraftKings has higher stakes in betting.
Does DraftKings own FanDuel?
No, DraftKings and FanDuel were close to merging in 2017, however the merger was cancelled due to the threat of litigation.
Who owns DraftKings sportsbook?
DraftKings Inc. owns DraftKings, and in 2020 became a publicly listed company, after entering a business agreement with Diamond Eagle and SBTech, an international turnkey provider of cutting-edge sports betting and gaming technologies.
How long does it take to withdraw from FanDuel sportsbook?
FanDuel is much faster than DraftKings here. FanDuel processes payments in just 48 hours using PayPal, and 2-4 days using other methods.
How to withdraw from DraftKings sportsbook to bank account?
Players can withdraw at DraftKings using the following methods: PayPal, Visa, MasterCard, Discover & American Express
What states is DraftKings sportsbook legal in?
DraftKings fantasy sports is legally available in all States of America except Arizona, Hawaii, Idaho, Louisiana, Montana, Nevada, and Washington. Whereas DK Sportsbook is available in Colorado, Indiana, Iowa, New Hampshire, New Jersey, Pennsylvania and West Virginia.
What states is FanDuel sportsbook legal?
FanDuel sportsbook is legal in Colorado, Indiana, New Jersey, Pennsylvania and West Virginia. Whereas FanDuel fantasy sports is legally available in all States of America except Arizona, Hawaii, Idaho, Louisiana, Montana, Nevada, and Washington.
What is the difference between DraftKings and FanDuel?
Both are very similar however, FanDuel offers telephone support, consistent salary caps for daily fantasy games, lower sportsbook odds and faster payouts.
How to play FanDuel fantasy football?
The best advice is to pick a new NFL team every week, so that you're never sidelined by injuries, bye weeks or draft busts.
How does FanDuel sportsbook work?
Simply click “Join Now” and follow the registration process. In order to create a FanDuel Sportsbook account, you will need to provide more details so that you can verify your account.
Does DraftKings offer Live Streaming?
Yes, DraftKings has recently signed an agreement with Sportradar to Launch Mobile Live Streaming to users via their sportsbook app.