Players earn Crowns for nearly every real-money action that they make on the site. We were surprised by just how transparent and rewarding the program is. After all, DraftKings isn’t exactly a company without its flaws (which we’ll gloss over).
At the Silver level, the bonus might be a 50% match up to $100. At Gold, the bonus will be more appealing, perhaps a 100% match up to $250. DraftKings states that it awards Crowns for every action on the site. Sports bets at odds of or shorter (i.e. -900 is OK, is not) and live dealer craps games do not award Crowns. It is believed these formats are excluded because they’re too low-risk.
- Once you reach a new tier, you will maintain your status for the remainder of the current calendar year, and for the entire next calendar year, at a minimum.
- As such, DraftKings screens as a must-own stock for risk-tolerant investors on the hunt for unusual growth opportunities.
- Every dollar you spend on entering paid contests earns you 1 Crown (minimum $1 entry).
And as players climb the loyalty tiers, they’ll receive more lucrative Prize Chests with higher floors and ceilings. On the flip side, players can reduce the house edge of games like blackjack and video poker to under 0.5%. DraftKings isn’t as generous toward these players, because they’re already playing near break-even games. That’s how many states where DraftKings mobile sports betting operations are live, according to the company. DraftKings was only live in 12 states as of June 2021, telling Forbes at the time the legalization of sports betting was the top driver of growth for the company. What does this mean from a share price appreciation standpoint?
Beyond the welcome and Crown accrual bonuses, DraftKings Dynasty members open up a slew of other perks at higher tiers. The real merits of DraftKings’ loyalty program lie in the perks unlocked by climbing up the Dynasty Rewards ranks. The better the odds of the games you play, the more your Crowns are worth. DK Dollars can be used to place wagers on DraftKings and are not withdrawable until players meet a 1x rollover requirement. In this guide, you’ll get the rundown on how the program works from a former professional gambler and top-tier member. We’ll also sprinkle in numerous tips on how you can utilize the program to mitigate your losses and enhance your winnings.
How long does my Dynasty Rewards status last?
Industry insiders expect the space to grow annually by 11.7% on average over the course of 2023 to 2030, according to a report by Grand View Research. Use forums and chat features to take advice from experienced players. According to Datawrapper, DraftKings announced a significant increase in the number of active users during the last quarter, marking a 35% growth compared to the same period last year. DK Dollars act like cash when used for entry into any contest. Use them to get into your favorite contests or to try your hand at a new sport.
- To help with that decision, it’s useful to know exactly what kind of rewards players receive at each level.
- One highlight of Dynasty Rewards is that once a player unlocks a tier, they’ll not only retain it for the remainder of the calendar year but for the entire following year as well.
- In this respect, Crowns function very similarly to travel points earned through credit card purchases.
- She was hesitant at first, but soon fell in love with DraftKings Crowns.
The higher tier you’re in, the more rewards you’ll receive. Players can earn them through promotions or by exchanging DK Crowns for them in the Dynasty Store. Players can also use DK Dollars for DraftKings Reignmakers Marketplace purchases. DraftKings Crowns are special; they represent achievement in the fantasy sports world.
Of course, most of these packages are extremely pricey, running anywhere from 300,000 Crowns to over 10 million, but it’s crazy to think an online gaming site offers such luxurious rewards. However, players in states with more available gaming options will have greater earning opportunities a day in the life of a day trader and a wider array of redemption options. So get ready to unlock the kingdom of DraftKings Crowns and become the crowned champion of your fantasy sports empire. They created the Crowns system to show their appreciation. It’s a great way to keep players engaged and excited about the platform.
Players cannot directly redeem Crowns for dollars, so there isn’t an exact USD conversion rate. DraftKings stock has further room for growth even after rallying 150% this year, according to JPMorgan, as the pandemic darling continues to stage its comeback. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Your Dynasty Rewards status lasts for the remainder of the current calendar year, as well as the following calendar year. Players are not required to redeem all their Crowns at once. The only requirement is that Crowns must be exchanged in multiples of 55.
Do DraftKings Crowns ever expire?
Usage of Crowns has increased retention and engagement. She was hesitant at first, but soon fell in love with DraftKings Crowns. She worked hard and eventually earned a huge collection. Her success not only raised her status, but also changed her opinion on virtual arenas.
With a big bank of Crowns, you can join tournaments with huge prize pools. Challenge yourself against top players and show off your skills. You might be able to get discounted entries or free contests with your Crowns. It’s like extra chances to win without quantitative trading spending anything. Welcome to the realm of DraftKings Crowns – a place for fantasy sports fans to come and show off their competitive spirit. Whether you’re a pro or a newbie, this article will tell you all about these coveted gems and how to use them.
Tips for Maximizing the Use of DraftKings Crowns
Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. One day, she had enough sin stocks to enter a high-stakes tournament. Nerves tingling, she entered and emerged as a top performer, claiming a big reward.
Tickets allow you to enter some of the biggest, most exciting contests on DraftKings for free. And once you’re in, you’ve got a shot to take home some impressive cash prizes. Daily rewards are a great way to take full advantage of betting sites like DraftKings, and crowns are a great example of that. It can take a bit of time and commitment to appreciate their full potential, but once you do, have the chance of raking in some really excellent rewards. Crowns do hold value, but, as I said, you need to accumulate them over time to appreciate their full potential.
How to earn your rewards
These are fundamentally similar to DK Dollars but are tied to specific games. So, if Crowns are exchanged for DraftKings American Roulette Free Credits, they can only be used on that exact game and no other. Like DK Dollars, Free Credits are subject to a 1x turnover. Value Sleuths is dedicated to helping people maximize their everyday financial decisions. We use real-world experience and data collection techniques to unravel the mystery behind loyalty programs, paid subscriptions, and much more.
So why do some activities award more Crowns than others? It all has to do with the house edge of the games you enjoy. Nearly every financial action that you take on DraftKings generates Crowns. However, the rate at which they’re earned varies widely, depending on the action.
Join Over Half a Million Premium Members Receiving…
DraftKings Crowns are valuable rewards that you can earn while enjoying your favorite fantasy sports games. Here’s a step-by-step guide to help you accumulate them and enhance your overall experience on DraftKings. Every dollar you spend entering paid contests earns you 1 Crown (minimum $1 entry). Crowns determine your Daily Rewards Status Tier each month and can be used to directly enter contests. As you can see, crowns are just a form of currency for the DraftKings platform. It’s a way that DraftKings can say thank you for playing on their sport-based betting software.
DraftKings
Dynasty Rewards is available in all markets where DraftKings is currently operational. However, the scope of the DraftKings VIP program varies by state, depending on the gaming verticals DraftKings is permitted to offer. Occasionally, DraftKings will host a sweepstake drawing for higher-tier Dynasty Rewards members where winners can choose an item of their liking (up to a certain Crown amount) from the store. DraftKings Crowns never expire, so feel free to keep stacking them until you see a contest/game you want to play or something you want to purchase from the Dynasty Store. You’ll have opportunities to regularly earn $1,000+ bonuses, often capping out as high as $5,000 – $10,000.
About the Author
