So far, DraftKings has dominated the sports betting market in New Jersey. The daily fantasy sports operator launched its online sportsbook on Aug 6th and its land-based location at the Resorts AC Casino & Hotel.
DraftKings was the first online sportsbook and for much of August – the only sportsbook available in NJ. The move won them the biggest slice of the pie completely uncontested. Thus, DraftKings has been enjoying very profitable first two months.
In fact, they are doing so well, that they can afford to spend a few million on their new contest. Recently, DraftKings announced their Sports Betting National Championship. This is a live event that will go down on 11th – 13th of January in Jersey City.
The prize pool is $2.5 million with $1 million going to the 1st place, $350,000 for 2nd, $250,000 for 3rd and down to $15,000 for 25th place. That’s a lot of money for a lot of winners and even though the buy-in for the event is pretty high, it’s still awfully generous by DraftKings.
How to Get In
All US citizens 21 years old and older can attend the event. NJ citizenship is not required, but attendees must physically go to NJ and use the DraftKings Sportsbook app in order to participate.
This means that New York Citizens can simply cross the bridge and download the app to join the championship.
The entry fee is $10,000. While that’s a steep buy-in, DraftKings provides a couple of alternatives, like giveaways, social media contests and even qualifier contests.
In neighbouring Pennsylvania, sports betting is not yet legal, however, daily fantasy sports are. Since DraftKings is the top DFS operator as well, they made sure to use that leverage, to provide access to their sports betting tournament.
Citizens from states where daily fantasy sports are legal can enter DraftKings’ DFS qualifier contests. Winning will get players a free ticket to the National Sports Betting Championship, as well as accommodation for the duration of the event.
Everyone who goes to the event is required to bet a total of $7,000 during the tournament. On Friday and Saturday, players need to put down $5,000 total in any sport or match they choose to. On Sunday, they need to bet a minimum of $2,000 on the two matches of the NFL divisional playoffs.
At the end of the event, the players will be ranked by their bankroll and the highest will grab the $1 million.
Pennsylvania DFS Qualifier Contests
Pennsylvania DFS contests are completely legal since October 2017, when the state introduced its gambling expansion package.
DraftKings was one of the first operators to get approval by the Pennsylvania Gaming Control Board and quickly seized the 1st place, scoring just over $500,000 in DFS revenue for August.
FanDuel is closely in 2nd place with approximately $424,000. Together, they represent 98% of daily fantasy sports in Pennsylvania
Now, DraftKings wants to leverage its Pennsylvania operations to draw in more people to its NJ online sportsbook, which launched just two months ago.
The Sports Betting National Championship Qualifiers are available in the DraftKings DFS app. Users that have access to Draftkings DFS can find them in the contest lobby.
Some qualifiers can be accessed for as low as 10 cents.
For the time being, this is the only access PA folks have to sports betting. The state already introduced regulations for sports betting and two operators have been given approval by the PGCB.
Parx Casino and Hollywood Casino at Penn National Race Course will soon unveil their sportsbook and put Pennsylvania on the sports betting map.