Apparently it was not enough to be the first mobile sportsbook outside of Nevada. Not enough to rake in nearly $3 million within its first month of operations in New Jersey.
Over three days, Jan. 11-13 in Jersey City, DraftKings Sportsbook will host the DraftKings Sports Betting National Championship. A prize pool of $2.5 million will get divvied up among the top bettors. And a champion will emerge, claiming a cool $1 million in the process.
Details of the championship
A theory for some is that the Garden State could overtake Nevada as the top sports betting industry in the country. And with this style of a contest, New Jersey takes another step toward that possibility.
The live sports betting event is the first major US competition to take place outside of the Silver State. Held during the NFL divisional playoffs, the DraftKings Sportsbook national championship will award cash prizes to players with the top 25 bankrolls when the contest ends.
As noted, the winner takes home a seven-figure prize, while second and third place net $350,000 and $250,000, respectively. The rest of the payout breakdown goes as follows:
- Fourth place: $175,000
- Fifth place: $100,000
- Sixth and seventh place: $75,000 each
- Eighth through 10th place: $50,000 each
- 11th through 15th place: $25,000 each
- 16th through 25th place: $15,000 each
How to qualify for the event
A bettor’s driver’s license does not have to read “New Jersey” in order to be eligible for the three-day contest. Though competitors must participate on-site while also being at least 21 years old.
Per DraftKings, users can qualify for the national championship in a variety of ways:
- Competing in daily fantasy sports qualifiers via DraftKings
- Buying in for $10,000 (includes $5,000 for bankroll used in the contest)
- Earning a spot via social contests and giveaways
Until Jan. 8, according to DraftKings, DFS players can qualify for a national championship entry. That spot is valued at $10,000, which includes the $5,000 bankroll and a “VIP experience” with a hotel stay. Players can win a national championship entry for as little as 10 cents.
How the championship works
Though held in Jersey City, all bettors during the national championship will wager via the DraftKings Sportsbook app (of course).
Regardless of how they arrived at the event, via buy-in or a 10-cent DFS contest, each competitor will begin with a $5,000 bankroll.
Over the first two days, bets can go toward any event within any sport. On Sunday, Jan. 13, however, the only events on which to wager are the two NFL postseason games. And at least $2,000 must be laid down.
The leaderboard will reflect the highest bankrolls of the competition. The bigger the wad, the better the odds at landing the $1 million grand prize.