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Daily Fantasy Overview

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    How many of you are aware of fantasy sports? As the name suggests, it is not a sport in the players' minds, but it is as accurate as any other sport. Fantasy sports games have their players compete against each other by building professional athletes from a particular league or competition while remaining under a salary cap and earning points based on the players’ actual statistical performance in real-world competition.

    Daily fantasy sports are a subtype of fantasy sports games. They are usually structured in paid competitions, generally referred to as ‘contests’, and winners receive a share of pre-determined pots funded by their entry fees.

    Even though fantasy sports have been popular for decades, daily fantasy has come about recently and can be traced back to 2007. Shortly after, the launch of FanDuel in 2009 was seen, and today, FanDuel is touted as the largest DFS platform in the industry. And in 2012, DraftKings came to fruition and became the second biggest DFS (Daily Fantasy Sports) company. Today, both of these companies, the FanDuel and DraftKings, are partnered with numerous sports entities, including the NFL, MLB, NBA, NHL, and others.

    What is Daily Fantasy Sports?

    If we try to understand Daily Fantasy Sports in layman language, it is nothing but a daily – formatted concept of fantasy sports. The player drafts a team for every contest and doesn’t stick to one for the entire season. In simple words, if your team doesn’t play well for a game, you can try the next time again with different team members, depending upon the sport you are playing.

    When did Daily Fantasy Sports become legal?

    The Daily Fantasy Sports industry gained traction in 2006 after signing the Unlawful Internet Gambling Enforcement Act (UIGEA). The UIGEA critically ended the online poker industry but made an exemption for fantasy sports. Following the exemption, Fantasy Sports Live was launched a year later, becoming the first primary DFS gaming website.

    DFS site list


    FanDuel, founded in 2009, swiftly emerged as the top Daily Fantasy Sports site in the industry. The website is one of the master providers of the salary cap, offering a slew of several games to entertain all the players. 

    In addition to the variety of contests and sports offered at the website, FanDuel also provides the best customer service and various banking options to all the competitors. 

    The website is available in around 44 states. 

    • The website is not available in these states:
    • Hawaii
    • Idaho
    • Louisiana
    • Washington
    • Montana
    • Nevada


    After FanDuel, DraftKings is the second-largest Daily Fantasy Sports provider in the industry. The website, founded in 2012, made its rise to the top of the list in no time. With the size and notoriety of the website, the player finds immense banking options and game options to suit all the player’s needs. 

    DraftKings feature contests for only beginners to help them with the playing field. The website also has a new pool option, allowing the competitors to free pick the games and earn real money. 

    The website is available in around 44 states. 

    The website is not available in 

    • Hawaii
    • Idaho
    • Louisiana
    • Washington
    • Montana
    • Nevada


    While DraftKings and FanDuel have been around for years, PrizePicks is the newest and contemporary way to play Daily Fantasy Sports. It is one of the best pick-them-centric sites in the industry, even though it is relatively new to the market. 

    PrizePicks was founded as Performance Predictions in 2015 by Adam Wexler. The website offers Over and Under Pick them contests for the players to play against the house instead of other players. The predictions are based on stats or fantasy totals, and to win, the player must get as many predictions right as possible. The more right predictions, the more player win in a multiplier way. 

    The website is available in around half of the United States, some of them namely California, Florida, Michigan, Illinois, and Texas. 

    Monkey Knife Fight

    Monkey Knife Fight is a subsidiary of Fantasy Sports and was founded in 2017. The website is another pick-them style platform, offering a wide range to the competitors. Players can play against the house and in a multiplier way to win up to 100x on the chosen contest. 

    Monkey Knife Fight is simple to understand, and any new user can easily grasp the platform. Even though it resembles sports betting, it is listed under DFS and is available in the states that have legalized DFS. If a player chooses to play in standard Over/Under Pick themes, Rapid Fire, or Stat Shootouts games, they will find it at Monkey Knife Fight. 

    Underdog Fantasy

    Another DFS platform, Underdog Fantasy, founded in 2020 in Brooklyn, New York, by a slew of notable investors, offers Best Ball style DFS contests. 

    Underdog features daily snake drafts and their version of Pick them contests, along with season-long Best Ball. Being new to the industry, Underdog is rapidly growing. Because of the unique games offered on the platform, it will soon be considered as one of the top platforms, just as FanDuel and DraftKings. 

    Underdog Fantasy has been legalized in all states except for Louisiana, Connecticut, Delaware, Hawaii, Idaho, Iowa, Nevada, and Washington.


    StatHero offers a distinctive way to play DFS. The users can play against the houses instead of the other users on this platform. However, the players still build a lineup with the salary cap. The lineup is put against one of the platform’s lineups, which is shown beforehand. And if the player wins, they can double the stake. 

    The platform also features team and player survivor mode games, which allows the player to build a lineup while being under the cap. If the StatHero lineup is defeated in a given round, the player advances to the next round. The process continues until the player is knocked out of the contest or wins it. The payout pool is much greater in the Survivor Pool.  

    StatHero is currently available in 34 states, which include California, Florida, New Jersey, Illinois, Maryland, and Texas.


    Another lineup-building Daily Fantasy Sports platform is SuperDraft, which excludes the use of a salary cap, and the players are slated with a multiplier. 

    At SuperDraft, the lineup construction is crucial with the unique multiplier twist because the better the player is, the lower the multiplier is at the game. 

    SuperDraft is currently available in 34 U.S. states and Canada.


    Drafters are one of the first platforms to feature daily or weekly snake drafts rather than salary cap lineup building. It is similar to the season-long leagues, and the player has a shot at cashing. 

    Drafters offer season-long Best Ball drafts and contests to pair with regular weekly and daily snakes. The platform is one of the smaller fishes in the pond of Daily Fantasy Sports websites and is worth trying if the player has skills and an edge in the game. 

    The website is available in 36 states. 

    The website is not available in:

    • Arizona
    • Indiana
    • Iowa
    • Nevada
    • Pennsylvania

    How to Choose the Best Daily Fantasy Sports site

    Because of the reputation of Daily Fantasy Sports, there are an abundant amount of Daily Fantasy Sports platforms. One can choose among various Daily Fantasy Sports sites ranging from FanDuel and DraftKings to SuperDraft and Drafters. 

    In the current scenario, there is over 10 Daily Fantasy for the players to choose from, to compete. Most of them vary in game types, sign-up bonuses, and offered sports markets. 

    When the player is choosing the right Daily Fantasy Sports platform, they have to choose the best one for them. 

    Choosing the right DFS depends majorly on the interest of the player. If the player is interested in salary cap games, they can target FanDuel and DraftKings, but if they have an interest in Best Ball and Snake Drafts, then Underdog or Drafters could be the right one. 

    The player can also be Player Props/Pick, which would, in turn, make them want to try out the Monkey Knife Fight, Underdog, or Prize Picks at the DFS sites. 

    Suppose the player might like to play a multitude of different games on various websites. Then, it would be beneficial for them to join various different Daily Fantasy Sports platforms as they would join multiple sportsbooks to take the benefit of what each one of the platforms has to offer.

    If the player chooses this route, then they will also want to benefit from all the free money via sign-up bonuses, which Daily Fantasy Sports sites have to offer to their new players.

    In the end, the player would only want to be sure if they are making the right choice and target the Daily Fantasy Sports sites that will get the most out of the game. 

    How to Play DFS

    • Go to the hallway of the DFS app that one chooses to play.
    • Afterward, choose the sport one wants to play.
    • Next, select the contest and type of game (cash, GPP, Pick them, etc.)
    • Draft the team, but make sure to stay at or under the salary cap
    • Keep a note that anyone can have any player, and everyone can have the same players from the player pool unless otherwise notified. One must keep ownership percentage in mind, which plays.
    • In order to triumph in the game, the player must score more points than their opponents.
    • If they are placed in a position to win a prize, then the player will be paid a percentage of the total pot.

    How to Sign Up to a Daily Fantasy Sports Website

    Before the player signs up for a Daily Fantasy Sports platform, they must be sure to take precedence of a new user sign-up bonus, and there are two ways to do that:

    • The player can click on the ‘Get Bonus’ button, which will redirect them to the Daily Fantasy Sports website of their selection. The ‘Get Bonus’ button is also the first step to unlock the bonus.
    • The players can also go to the Daily Fantasy Sports site or app of their choice with a promo code to unlock their new-user sign-up bonus.
    • After the sign-up bonus is squared away, they are ready to enter. 
    • If the player wishes to use the mobile app, then they must visit the app store that correlates with the chosen device. Aftermath, the player will search for the Daily Fantasy Sports website they want to sign up for and hit the download button.
    • On the sign-up screen, the player will be asked for a username, email, password, Date Of Birth, and promo code (if they have any promo code).
    • Once the player completes that sign-up form and agrees to the terms of service, they are in and ready to play after making the first-time deposit.
    • Next, they must make an initial deposit to unlock the sign-up bonus, and that’s all for the player to go.

    Which is the most popular Daily Fantasy Sport?

    Football is the most popular sport for Daily Fantasy Sports by a significant margin. Apparently, Major League Baseball and the NBA are also prominent but have yet to reach the same heights as the NFL.

    Which states have legalized Daily Fantasy Sports

    Talking about the legalized states of Daily Fantasy Sports is not an easy topic. At the top level, there are three states, namely Iowa, Washington, Montana, which consider DFS as illegal. 

    Most of the DFS websites do not operate in Alabama, Idaho, Hawaii, and Nevada. 

    DraftKings and FanDuel, being the biggest DFS websites, are in about 80 percent of the states. Other websites operate in fewer states. 

    Daily Fantasy Sports is legal and regulated in some of the States, namely, New York, Indiana, Tennessee, Virginia, Missouri, Massachusetts, Colorado, and Mississippi, among others.

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