How To Create A DraftKings Account (An Easy Guide)

Creating a DraftKings account can seem daunting for those new to daily fantasy sports (DFS). With so many options and steps to follow, it’s easy to feel overwhelmed. But having a DraftKings account opens up a world of exciting DFS contests with big cash prizes. So don’t let the process intimidate you – creating your account is actually quite simple if you follow this easy guide.


In this comprehensive walkthrough, we’ll cover everything you need to know to quickly and easily create a DraftKings account. You’ll learn the step-by-step process, including choosing the right package, entering your personal information, making your first deposit, and more.

By the end of this guide, you’ll have a fully operational DraftKings account ready to start entering contests and competing for big payouts. The ability to create a DraftKings account gives you access to the top DFS platform where you can put your sports knowledge to profitable use. So let’s get started!

Can you Open a New DraftKings Account?

Yes, you can create a DraftKings account by visiting or downloading the DraftKings app. You’ll need to provide your name, mailing address, phone number, and email address

How To Create A DraftKings Account

Creating a DraftKings account is a breeze! Here’s a quick guide to get you started:

1. Choose your platform:

2. Select your product:

DraftKings offers various fantasy sports, sports betting, and casino games. Choose the one that interests you, such as:

  • Daily Fantasy Sports (DFS): Build virtual teams of real players and compete against others for cash prizes.
  • Sportsbook: Place bets on real-world sporting events.
  • Casino: Play classic casino games like slots, blackjack, and roulette
  • Marketplace: Buy, sell, and trade player cards and other digital assets.

3. Create an Account:

Click on the “Sign Up” button. You’ll need to provide your:

  • Username
  • Email address
  • Password (strong and unique)
  • Promo code (optional)

4. Verify your Identity:

To comply with regulations and ensure fair play, DraftKings requires you to verify your identity. This usually involves providing your:

  • Full name
  • Date of birth
  • Residential address
  • Last four digits of your Social Security Number

5. Fund your Account:

Once your account is verified, you can deposit funds to start playing. DraftKings accepts various payment methods, such as:

  • Credit cards
  • Debit cards
  • PayPal
  • Bank transfers

How Long does it take DraftKings to Transfer Money to PayPal?

DraftKings transfers to PayPal typically take 2 business days. However, it’s important to consider a few factors that might affect the actual timeframe:

  • Processing time: DraftKings processes withdrawals daily between 9 AM and 5 PM EST. Any withdrawals initiated after 2 PM EST will be processed the following business day.
  • Banking holidays: If a banking holiday falls within the processing timeframe, it can delay the transfer.
  • PayPal approval: In rare cases, PayPal might need additional time to approve the withdrawal.

What Forms of Payment Does DraftKings Accept?

DraftKings offers a variety of convenient payment methods to suit your preferences, allowing you to easily deposit and withdraw funds to your account. Here’s a breakdown of the options available:

Deposit Methods:

  • Credit and Debit Cards: Visa, Mastercard, Discover, and American Express are all accepted for deposits. This is the most common and widely used option, offering instant transfers to your DraftKings account
  • PayPal: A popular e-wallet option, PayPal allows you to seamlessly transfer funds from your linked bank account or PayPal balance to your DraftKings account.
  • Online Banking: You can directly connect your bank account to your DraftKings account for secure and immediate transfers. This method is a good option if you prefer not to share your credit card information.
  • Apple Pay: For iOS users, Apple Pay offers a quick and secure way to deposit funds using your linked credit or debit card.
  • Play+ Prepaid Card: This DraftKings-specific prepaid card can be purchased at participating retailers and used to make deposits to your account.
  • DraftKings Gift Card: These prepaid cards can be purchased online or at retail stores and redeemed for funds in your DraftKings account.
  • Bank Wire Transfer:¬†For larger deposits, you can opt for a bank wire transfer, which typically takes 1-3 business days to process.

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How Long does it take DraftKings to Verify Identity?

DraftKings identity verification usually takes minutes, often happening automatically during registration. In rare cases, document upload or manual verification might be needed, taking up to 48 hours.

Does DraftKings Require SSN?

Not always, but DraftKings might ask for your SSN in certain situations. For identity verification, tax reporting on big wins, or enhanced security, your SSN may be needed. However, you can usually register, deposit, and play without it!

How Much can I Withdraw from DraftKings?

Withdrawal limits vary based on the method you choose, but range from a minimum of $1 (PayPal) to a maximum of $100,000 (online banking). Check your Account Withdrawal page for specific details!

How do I Deposit Money into DraftKings?

Simply head to your account and choose “Deposit.” Select your desired amount, then pick your payment method. Popular options include credit/debit cards (instant transfer), PayPal (2 business days), and Play+ prepaid card (instant).

How do I Add a Bank Account to DraftKings?

Navigate to your DraftKings account settings and select “Payment Methods.”Choose “Add Bank Account” and follow the on-screen prompts to link your bank account securely.

Does DraftKings Accept PayPal?

DraftKings and PayPal are a winning team. You can use PayPal for both deposits and withdrawals on your DraftKings account, making it a quick and convenient way to manage your funds.

Does DraftKings take Cashapp?

DraftKings no longer directly accepts Cash App as a payment method for deposits or withdrawals. This policy change has been confirmed by several sources, including DraftKings customer support and user discussions online.


Creating a DraftKings account is quick and easy to do. All it takes is going to, clicking the sign-up button, and following the prompts to enter your basic personal information. Within minutes, you’ll have a new DraftKings account ready for depositing funds and joining contests.

Thanks for reading and good luck in your future DFS contests after you create your DraftKings account using this easy guide!


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