That’s right, the DraftKings Sportsbook is now the arena for our country’s first and biggest sports betting championship. This January’s DraftKings Sports Betting National Championship’s aim is to find the best sports bettor in the state – and give them $1 million.
And that’s just the prize for first place. The top five are guaranteed to get a minimum of six figures and the rest of the top 25 will split the remaining money from the $2.5 million prize pool.
The big event will take place in Jersey City between January 11-13th, live during the NFL divisional playoffs! It’s bound to be an exciting weekend.
It’s the first ever sports betting competition outside of Nevada and we’re all expecting a lot of players to show up. NJ residency isn’t required, only an age limit of 21 or older and naturally, attendance.
How To Join The DraftKings Sportsbook Championship
The entry fee is $10,000 but DraftKings assured us there’d be other ways to get in the championship as well. For example, Pennsylvania players can enter through Daily Fantasy Sports qualifiers, social contests, and giveaways.
The winners from either of those three will get accommodation packages for the big event.
The bets during the championship will be on DraftKings’s account – $5,000 will be given to each competing players. It’s not a handout, however, since players are also required to bet at least $2,000 on the football playoff games on Sunday.
The rules are simple – bettors are to only place wagers using the DraftKings Sportsbook app and the one with the biggest sum on his account at the end wins.
NJ Sports Betting Is Picking Up After The DFS Market
The DraftKings Sports Betting National Championship will host satellite contests which will be open to DFS players outside of NJ. The SBNC Qualifier contests will be held only in states with regulated DFS markets. The good news is that DFS players can enter the contest with a fee of $0.10!
Luckily for PA players, as of late 2017, this also includes Pennsylvania. DFS games have been widely popular in PA for a long time, and not all of the time on the good side of the law. Ever since last October, though, DFS businesses have been operating legally in Pennsylvania under a 15% tax rate.
DraftKings was the first DFS operator to get approved by the PGCB and they were quick to hold their first DFS contest in the state, in April this year.
The DraftKings Sportsbook In Pennsylvania
Since this spring, DraftKings Sportsbook has been on a roll generating huge revenue in Pennsylvania. Along with FanDuel – their true and tested competitor, they make up over 98% of PA’s fantasy sports revenue (according to this August’s numbers).
Unlike sports gambling, fantasy sports in PA are open to participants over 18, not 21. However, only those over 21, the legal gambling limit, can compete in this January’s DraftKings Sports Betting National Championship in NJ.
In the meantime, PA sports betting is still in the early stages of its development. So far the only two licensed casinos are Parx and Hollywood, and that’s only as of last week! The time will show how PA and NJ sports betting will be co-existing in the long run.