It is worth checking this regularly as it can change as state regulations change (this is the case for both the FanDuel sportsbook and FanDuel and DraftKings). How Does FanDuel Tax Work? If you win over $600 from FanDuel over a year then there is a chance that you will be required to pay taxes on your winnings. According to Draft Kings, the accounting department processes withdrawals each Monday through Friday at 9 AM to 5 PM ET. Once the payment has been processed, the withdrawal can take anywhere from 2-7 days depending on the circumstances of the withdrawal. Checks can take approximately one week to receive via the U.S. According to DraftKings' FAQ page, they process withdrawals Monday-Friday from 9 AM ET to 5 PM ET, and once the withdrawal is processed, it typically takes anywhere from 2-7 business days for funds to appear in your account. They also note checks can take up to a week to receive. DraftKings offers payouts via Paypal and check.

DraftKings does not allow account holders to use any form of payment belonging to other individuals to fund their account. The name registered with any DraftKings account must match the name on the form of payment at the time of deposit or winnings will be considered invalid and the account may be closed. Sign up at DraftKings.In this video I show you how DraftKings works, including how to draft a team in an NFL contest.

If you have ever heard of Fantasy Golf then you may have you heard of FanDuel and been wondering how does FanDuel work?

If so, then there is no need to worry as you’re in the right place! Fantasy sports have exploded in popularity in recent years which has seen a rise in platforms to play online. These can range from free to pay to play contests with some platforms easier to use than others.

In our FanDuel Review we will guide you through everything that you need to know about this platform, how it works and what the pros and cons are so that you can decide if it makes the list of best fantasy golf sites for you.

Quick Summary

FanDuel is a great choice for sports fans looking to play in a range of daily fantasy contests on one of the most popular platforms. The site is both easy to use and beginner friendly while being so popular that they have a range of contests across multiple sports.

Pros

Beginner Friendly: When you sign up daily fantasy sports you will notice that there are a wide range of contests that you can play that are beginner friendly, which is obviously great starting out.
Ease of use: We love the branding of the site. It makes it easy to use and find your way around the platform which is another pro for using FanDuel over other options.
Prizes: By entering contests you give yourself the opportunity to win prizes based on your sporting knowledge!
Free Play: If you are unsure about entering a money game at the beginning then you may prefer to enter a free game instead.
App: Looking to play on the go? No problem! The site comes with a downloadable app which makes it a really versatile option.

Cons

Restrictions: There are state restrictions in the following states currently: Arizona, Alabama, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada and Washington state.
Size: Despite being one of the biggest fantasy sports sites out there, you may find a wider range of sports available on DraftKings. (You can compare FanDuel vs DraftKings here) However, you will find all of the major sports here.

How Does FanDuel Work?

FanDuel works by providing a daily fantasy sports platform with a range of game types for players with a guaranteed prize pool for the winners. Players choose a roster using a total salary from a range of players with differing individual salaries according to their respective abilities.

Company Overview

FanDuel Group is a New York City based bookmaker and daily fantasy sports provider. Originally founded in 2009. – Wikipedia

Since starting out, they have grown into one of the largest platforms to play fantasy sports out there, along with DraftKings.

They have a wide range of fantasy sports contests to play across a range of sports including NFL, NBA, Soccer, Fantasy Golf and many more. This makes it a flexible fantasy sports provider as many sports fans are interested in playing fantasy sports on more than one sport.

In essence it works by offering a range of fantasy sports contests where you select rosters depending on the sport/event and compete to win cash prizes. In the next part of this guide we will cover how this looks with a step by step example of a fantasy sport game on FanDuel so that you can see exactly how to get started with your first one.

For each game you will have a salary cap for your roster. With this salary cap you will choose a range of players that complete up your roster while staying within your limits. However, each player is designated a value based on their value/ expected performance in that game. For example in fantasy golf the highest value will go to players who are the top rated golfers in the world. Finally, the most crucial element is to stick to your salary cap.

Now you know the theory behind how FanDuel works it’s time to show you how this looks in a step by step example.

Now that you know about the background of this fantasy sports platform i’ll cover some of the ways that you can get started so that you can start winning as soon as possible.

How to play Fantasy Sports

Below we will highlight exactly how you can set yourself up for fantasy sports success.

Step 1: Get Started With FanDuel

Here’s how to get started with FanDuel:

Sign up for FanDuel: Enter your personal information and proof of identity.

Submit Deposit: Once you deposit your first $20 you should be eligible for a $20 bonus, which is an awesome way to get started!

Download: Don’t forget to download the app so that you can play on the go.

Something that we love is the ease of use of the platform so signing up for your account should be relatively straight forward.

Step 2: Join A Contest

Now that you have signed up it is time to play a game of your choice. The best way to do this starting out is to choose either free or low entry fee competitions as this will help you to get a feel for how fantasy sports works without risking much money.

Some of the key selection criteria when choosing a specific contest to join ranges from the type of game (which will be covered later), when the contest is, how many people are in the contest and entry fee/ winner’s payout.

Step 3: Research Your Roster

Now that you have got your contest sorted you want to ensure you give yourself the best chance possible of winning right?

Well this means that you need to select the players that can give you the best chance of winning while staying within your salary cap. For example as part of the research phase for fantasy golf you will want to be sure that your fantasy golf strategy is a winning one.

When researching your roster there are a range of criteria that you may consider, ranging from player cost, player form and the players historical performance at that event.

Step 4: Select Roster

Now that you know which players are going to make the roster for your fantasy sports contest on FanDuel you will simply go in and select them to your roster and submit them.

Step 5: Watch & Hopefully Win!

The final step is to watch the event for which your contest is eligible for, track your progress and hopefully win some prizes from the total guaranteed prize pools!

Contests

As stated above there are a range of contest types of which we’ll cover below:

Recommended – These are contests that are tailored to a players own specific preferences.

Experienced players excluded – These content types are only for those players starting out on the platform which is great if you don’t want to come up against experienced players.

Biggest prizes – If you do want to try contests against more experienced players then this is where you will find them. Biggest risk equals the biggest rewards.

Spotlight – These are promotional contests.

Single game – This is a great testing ground after signing up. It gives you an opportunity to check out the platform and see really get a feel for it.

Single entry – This means that you will only be able to submit one entry. An ideal option for picking only your best roster of players.

Frequently Asked Questions

Next we will answer some of the most common questions that we see on a regular basis about Fanduel.

What Are Points?

Fanduel Points are a loyalty system that is in place on Fanduel whereby you accumulate points for playing which will then give you bonuses.

How Many Points Is $1?

To get $1 worth of FanDuel points you will need 2,400 points. 2,400 points will allow you to take part in the cheapest paid contests on FanDuel.

Where Are They Located?

FanDuel headquarters are located in New York

When Do They Payout?

Fanduel players can either request payout by Paypal or by check. This can take up to 2 working days for PayPal or 10 for check.

Where Is It Illegal?

FanDuel is legal in most states currently. However some states have sports betting restrictions on using FanDuel currently and these are Arizona, Alabama, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada and Washington state. It is worth checking this regularly as it can change as state regulations change (this is the case for both the FanDuel sportsbook and FanDuel and DraftKings).

How Does FanDuel Tax Work?

If you win over $600 from FanDuel over a year then there is a chance that you will be required to pay taxes on your winnings. If this is the case you should receive a 1099 Tax Form from FanDuel by mail to submit to the IRS.

How Do They Make Money?

Fanduel charges a fee on the winnings that they pay out in their guaranteed prize pools for their contests. For example for every $1000 in entry fees, they will take a percentage of that with most of it going towards the contest prize pool.

Review Summary

How Does Draftkings Sportsbook Work

In Summary: FanDuel is a great way for beginners to start out playing Fantasy Golf and daily fantasy sports with their easy to use and easy to understand interface.

If you are looking to start playing daily fantasy sports or looking for another fantasy sports options then we will believe this may be a great fit.

It is super easy to get started with FanDuel and with their wide range of beginner options it won’t take you long to get to grips with the platform and enter a wide range of contest types that they offer.

Add to this the fact that you may be eligible for a deposit bonus, it makes playing daily fantasy sports with FanDuel a great sports betting option.

To conclude our FanDuel review, we rate it as one of the very best fantasy sports sites and now that we’ve answered how does FanDuel work you are in a great position to play and get started!

If you know all about fantasy golf then you may have heard of a company called DraftKings. If so you may be wondering how does DraftKings work?

If this is the case then you’re in the right place!

In our DraftKings Review we will guide you through everything that you need to know about DraftKings, how it works and what the pros and cons are so that you can decide if it makes the list of best fantasy golf sites for you.

So let’s get started!

See Also:Top Fantasy Golf Picks

DraftKings Quick Summary

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How Does DraftKings Work: Overview

As a company DraftKings was formed in 2011 and they focus on a mixture of both daily and weekly Fantasy Sports – Wikipedia

We’re going to start with a brief introduction to who DraftKings are and what they are all about.

In the Fantasy Sports arena there are two major players and DraftKings are one of the main ones along with FanDuel.

The sports that they focus on range from sports like the wildly popular fantasy football to other sports with smaller yet passionate audiences such as Fantasy Golf.

Through fantasy sports on DraftKings, players win points based on the performance of their daily fantasy sports team.

DraftKings: How To Play

Step 1: Signing Up

The first step to getting started is to sign up for DraftKings.

The best thing about signing up to DraftKings is that it is completely FREE and you often get deposit bonuses on your first deposit which is great for while you are getting started on the platform.

Step 2: Enter A Contest

Once you have signed up for an account with DraftKings you will want to find a contest that you feel is right for you to compete in.

Step 3: Do Your Research

Now that you know the sport and type of contest that you will be entering and key information such as when it is, the type of contest it is and how the scoring system works you should conduct your research into the best fantasy picks.

The type of players that you select for your roster can depend on the type of contest that you are entering.

How Does Draftkings Payout

As an example, when making your fantasy golf picks, the type of golf course can affect whether you choose long hitters who may be inconsistent or steady, consistent golfers.

Step 4: Select Your Roster

Now that you know which type of contest you are going to be taking part in.

Step 5: (Hopefully!) Win Prizes

The final step is to watch the sports action unfold whether it be the NBA, NFL or PGA Tour.

Based on good research and a strong performance of your fantasy team you should hopefully be in with a great chance of winning prizes based on the selections made for the fantasy contest that you have entered.

Different DraftKings Contests

You will find a wide variety of contests when you sign up for an account.

Pros Of DraftKings

Prizes: There are huge potential prizes to be won each week with DraftKings which is a great way to add extra competition to the games.
Size: As one of the largest daily fantasy sports sites on the internet you can be sure that there will always be available to contests to enter across a range of types.
Fun to play: As with all daily fantasy sports, if you are invested in your squad and the contest that you have entered then you will have fun playing.
Flexibility: You are not just limited to one sport when you sign up for DraftKings. The platform covers a wide range of sports including Football, Baseball, Basketball, Soccer, Tennis & Fantasy Golf.
Short Term Options: With some different variations of daily fantasy sports you will be required to take part in season long games. However, what separates DraftKings is that there are options to play weekly or daily competitions which are great for short term fantasy sports players or even players who want to play regularly. However, you can also play season long in private leagues.
Beginner Friendly: Comes with beginner game modes which are great for gaining experience.

Cons Of DraftKings

State restrictions: Although DraftKings can be played in many countries and the majority of states, the website is restricted in certain states in the US. The current restricted locations are the following: Alabama, Arizona, Delaware, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada, and Washington.
Ease of use: The only other potential con that we’ve noticed is that the platform itself could be easier to use. They do have great beginner modes for getting started, but just getting yourself around the site may take a few minutes. If you are looking for a user friendly platform then you may prefer to learn more about Fanduel (Full Review).

Frequently Asked Questions About DraftKings

Are DraftKings winnings taxed?

Yes, winnings will be taxed. If you make a net profit of over $600 for the year then you will be issued a 1099-MISC tax form.

Are there any DraftKings promo codes?

Yes, quite often there are DraftKings promo codes with great bonuses for when you sign up for an account.

You can find the best DraftKings Promo Codes here.

Does DraftKings have an app?

Yes, the platform also comes with a mobile app which makes it easy to play while you are on the go and not restricted to just playing on desktop.

Can I enter Free Contests?

Is DraftKings legal?

It is legal in most states in the USA with the exception of Alabama, Arizona, Delaware, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada, and Washington. The company also offers sports betting which is legal in certain states too.

How do you withdraw money from DraftKings?

To withdraw your winnings simply head to the withdraw section, select the amount that you would like to withdraw and then proceed with the chosen withdrawal method.

What is the best strategy on DraftKings?

This can be subjective and vary on a contest by contest basis. However, as we are golf focused here are some of our best fantasy golf strategies.

How long does it take for DraftKings to payout?

As stated above it is really easy to withdraw your winnings from your account. Processing your payout however may take 2-7 days.

How Do Draftkings Payouts Workforce

DraftKings Review: Conclusion

To conclude, now that you’ve learned how does DraftKings work, it is time for you to make the decision of if it the best fantasy sports platform for you to get started.

How Does Draftkings Payout Work

In our view DraftKings is one of the very best choices that you can make for Fantasy Sports for all of the pros that we highlighted earlier in the guide. It is a great place to get started with Fantasy sports and with it being so popular you will always be able to find some contest or event that you can get involved with. Like we state, it may take a few minutes to learn your way around the website moreso than a platform like Fanduel (You can compare FanDuel vs DraftKings here) but once you have picked it up you should be in a good position going forward!