FantasyDraft

Daily Fantasy Review

Overall Rating: 4.7/5

FantasyDraft is a company that was created as a daily fantasy sports gaming site in 2014. They are considered the third best option in fantasy sports behind DraftKings and FanDuel, and they have outlasted many other companies that have tried and failed to compete with those two. FantasyDraft is currently available in 39 states, so users in every state except Alabama, Arizona, Delaware, Hawaii, Idaho, Iowa, Louisiana, Montana, Utah, Nevada, and Washington can play. The site offers daily fantasy competitions where its users can compete for cash prizes. FantasyDraft currently offers competitions in NFL, NBA, MLB, NHL, and PGA.

Pros:
  • Only site on the market that does not take a rake
  • Excellent interface that is simple and user-friendly
  • Great referral system
Cons:
  • Only offers contests in five different sports
  • Cap on amount of lineups that can be entered
  • Tight restrictions on bonuses

FAQs

How can I withdraw my winnings? And how long does the withdrawal process take? To withdraw, users can either choose PayPal, which takes up to 2 days, or a mailed check which can take anywhere from 7 to 10 days.
What types of games are available on FantasyDraft?

FantasyDraft currently has head to head, 50/50s, multipliers, and qualifiers for five different sports.

Are my winnings taxable?

All daily fantasy winnings must be reported to the IRS when you complete your annual federal tax return. This is done on Form 1044. You will tally up your total winnings and report them under the “other income” section. The winnings must also be added to your state tax return (if your state has an income tax) and are taxed according to your tax bracket.

How do I get started?

The first step will be to create an account on the site that will allow a user to make a no fee deposit. Each player will need to submit a username, email, password, full name and address, date of birth, and the last four digits of their social security number to complete the sign up for their account.

How do I deposit and is there a minimum?

Deposits can be made at any time of day, and there is no minimum amount to deposit. FantasyDraft currently accepts Mastercard, VISA, and PayPal for depositing.

Is there a deposit bonus?

For new users, a $4 free tournament play is offered with a first deposit. This bonus has no promo code and is automatically put into the user’s account. Only winnings can be withdrawn and not bonuses.

How To Play

The first step for each user will be to pick one of the five sports listed above for a competition. The user then has a choice of four different types of contests to play. These contests are listed below and vary mostly in terms of payout and not actual gameplay. After choosing a contest, the user has to choose whether or not to put their lineup in a cash game or a tournament. Cash games typically require a user to beat 50% of the field and have a set amount of money that each winner receives. Tournaments vary in size and typically offer high payouts to the top winners. After selecting the contest type and format, a user will then set their team. The user selects their players to fill up their roster and stay under the salary cap. Each player is assigned a dollar value, and the dollar values have to all add up to a number that is under the assigned salary cap. Once the team is filled out, the lineup is ready to be used in competitions. These lineups can be adjusted until the competition begins.

Types of Contests

  • 50/50: 50/50s allow the top half of the competition to win an equal prize.
  • Head to Head: In head to head contests, users compete against another individual user for the entire prize pool minus the standard fee that FantasyDraft takes out.
  • Multipliers: In multiplier contests, depending on their position in the overall pool, winners can multiply the payout of their initial entry fee up to 10 times.
  • Qualifiers: Qualifier competitions usually award the top winner with an entry into a championship contest for high payouts.

Pros

FantasyDraft is the only daily fantasy site on the market that does not take a rake. A rake is the cut of each entry fee that the site keeps for themselves. Instead, FantasyDraft adds 100% of the entry fees of each contest into the prize pool. This is a huge positive for the site. FantasyDraft has an excellent interface that is simple and user-friendly. Users will find that it is very easy to join contests with everything listed out right in front of them on the site. If a user is creating multiple lineups, the site does a great job of organizing all of the lineups into one spot and sorts them out by upcoming, live, and completed. All of this applies to the mobile site and app as well. It is simple to use and available whether you own a Mac, PC, iPhone, or Android. The interface really is a lot easier to navigate than the other big fantasy sites, and it does not fill up the user’s screen with filler content or promotions. Another big positive on FantasyDraft is that they have an easy payout system. Getting expedited payouts from PayPal can be a huge draw for some people. FantasyDraft also has a great referral system in which users can earn actual cash for referring people to the site. The “free play” section of FantasyDraft is another positive for users that are either unsure of their skills or simply don’t want to deposit more money onto the site. The free plays allow users to still compete in contests without the end reward of cash prizes.

Cons

One of the biggest cons that is currently affecting FantasyDraft is that it is only offering contests for five sports. This minimal selection can feel very limiting for some people who are accustomed to other daily fantasy sites. Not only does FantasyDraft limit the amount of sports a user can create lineups for, but they also put a cap on the amount of lineups that a user can have. This can end up being very frustrating. The bonuses that FantasyDraft hands out can also be very limited or have tight restrictions on them. This has the potential to make users feel like they are never making progress towards winning bonus money.

How To Deposit

Depositing on FantasyDraft is very simple. The first step will be to create an account on the site that will allow a user to make a no fee deposit. Each player will need to submit a username, email, password, full name and address, date of birth, and the last four digits of their social security number to complete the sign up for their account. 

Deposits can be made at any time of day, and there is no minimum amount to deposit. FantasyDraft currently accepts Mastercard, VISA, and PayPal for depositing. To withdraw, users can either choose PayPal, which takes up to 2 days, or a mailed check which can take anywhere from 7 to 10 days.

For new users, a $4 free tournament play is offered with a first deposit. This bonus has no promo code and is automatically put into the user’s account. Only winnings can be withdrawn and not bonuses.

Users can choose to have a free account which has a monthly entry fee limit of $100 per month. The $5.99 per month plan has a limit of $1,000 in monthly entry fees and includes a seven day free trial. Users that pay for a $14.99 per month plan are allowed up to $3,000 in monthly entry fees.

Conclusion

Despite having a somewhat limited selection of contests, FantasyDraft is incredibly user-friendly and is one of the best daily fantasy sites currently on the market. It is also the only daily fantasy site on the market that is completely rake free. Whether a user is a first time player or a daily fantasy expert, there is a contest available for them. The free play option allows casual players to simply enjoy creating a daily fantasy roster or to get practice before competing in money competitions. This is a quality site that is worth trying.

  • Reputation and Licensing: 5/5
  • Game Variety: 3.5/5
  • Game Quality: 5/5
  • Bonuses and Promotions: 4.5/5
  • 5: 5/5
  • User Experience: 5/5
Overall Rating: 4.7/5