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The Grueling Truth - Where Legends Speak / Draftkings Pick6 Payout & Rewards: Play Against Your Peers and Win Real Money Prizes

Draftkings Pick6 Payout & Rewards: Play Against Your Peers and Win Real Money Prizes

Last Updated on 02/07/2024
Fact checked by: Mike Goodpaster

Your DraftKings Pick6 payout will rely heavily on the number of contest entrants involved, the number of contest entries randomly assigned, and the number of winning picks selected.

Winning Pick Sets will be assigned a larger portion of the prize pool; however, those with one or two failed entries may still find that they can walk away with some decent wins. The unique nature of DraftKings Pick6 payouts even throws up a few surprises. Plus, you can benefit from swift and secure withdrawals along the way.

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Getting Started: DraftKings Pick6 selections and contest entries

Before you can consider picking up any Pick6 rewards or payouts, you’ll need to first work your way through the selection process. To get started, you’ll need to make sure that you live in one of DraftKings Pick6 legal states, meet the minimum age requirements, and can work your way through the registration process. This can be completed online or through the dedicated mobile app, allowing you to begin building your entries – also known as Pick Sets – on the go.

You can build your roster based on upcoming NFL and NBA fixtures. NHL looks set to launch very soon, and various other sports are in the pipeline. You’ll find stat lines associated with each different sport, allowing you to predict whether individual players will score ‘more’ or ‘less’ than the predicted total. For instance, you’ll be able to choose whether Patrick Mahomes will score ‘more’ or ‘less’ than 269.5 passing yards. Entries can then be submitted when you have between 2 and 6 selections added.

When it comes to submitting your Pick Sets, you’ll find that each entry is capped at $1. Should you enter $20 worth of entries, this will split 20x$1 entries across one or multiple available contests. As entrants can edit and enter each contest leading up to the start of each match, you won’t have a true value of your entries. However, you can view an estimate before submitting. You can then sit back and watch the action unfold.

Winnings: How does a DraftKings Pick6 payout work?

DraftKings Pick6 is a peer-to-peer contest, meaning you will be playing against like-minded players only. So, instead of having a variable contest entry fee and a strict prize pool, you’ll actually find that you have a strict contest entry fee and a variable prize pool.

After your $1 entries have resulted, any winning entries will release a portion of the prize pool. As each entry will have randomly been added to an eligible contest, you’ll find that you may win different amounts from each of your $1 entries. Although the value of your winnings may vary, a similar approach to the prize breakdown is utilized for complete fairness.

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DraftKings Pick6 Payout: Pros & Cons
  • All winning Pick Sets will win a portion of the prize pool
  • Change your line-up leading up to start time
  • Sizable prize pools
  • Entries are split across multiple contests
  • Harder to calculate predicted payouts

Prize breakdown: Understanding the math behind DraftKings Pick6 payouts

All DraftKings Pick6 contests are scored based on the number of correct selections you make. A portion of this prize pool is then split between entries that have a set number of correct picks. All winning entries that fall within each prize pool will then take home an even share.

For example, in a five-part DraftKings Pick6 contest with a $10,000 prize pool, you may find that prizes are split as follows:

  • 5/5 correct selections = $8,000 prize pool
  • 4/5 correct selections = $2,000 prize pool

If 400 entries had correctly selected 5/5 picks, the prize share would be $20 ($8,000/400 = $20). Then, if you had three entries randomly assigned to this contest, you would go home with $60 (3x$20 = $60).

Generally speaking, DraftKings Pick6 payouts will be split following the above format. However, those of you who choose to add six selections to your entry may find a third prize pool open up. Now, you can land within three prize pools and take an even share home with you.

For example, in a six-part DraftKings pick6 contest with a $10,000 prize pool, you may find that the prize pools are split into the follow:

  • 6/6 correct selections = $7,000 prize pool
  • 5/6 correct selections = $2,000 prize pool
  • 4/6 correct selections = $1,000 prize pool

Again, if 400 entries had correctly guessed 6/6 picks, the prize share would be $17.50 ($7,000/400 = $17.50). Two entries here would leave you with a $35 win (2x $17.50 = $35).

DraftKings Pick6 Payout Q&A: Your questions answered 

One of the main things to take into account when learning how to play Draftkings Pick6 is how payouts work. Although we’ve covered the foundations above, we’ve created this next section to answer any outstanding questions you may have.

What happens if I don’t get all of my picks correct?

If you don’t get all of your picks correct, you may find that a smaller prize pool is open to you. Generally, this is only available to those who have incorrectly selected one or two players. If no one manages to get all picks correct, then the main prize pool will drop down to the next prize pool. Using the $10,000 5-pick example above, you’ll find that the $8,000 is added to the $2,000 prize pool and split accordingly. 

Will I always win more by getting all of my picks correct?

No. As you can see from the examples above, it all depends on the contest that your entry has been randomly assigned to and how other players perform. For example, you may find that 400 players correctly guess 5/5 picks, taking home $20 from an $8,000 prize pool. However, if only 40 guess 4/5 picks correctly, then they will take home $50 each from the $2,000 prize pool.

What if I change my mind on a selection?

If you change your mind before any matches have started, you’ll be able to head on over to the ‘My Picks’ section of your account and edit any selections by clicking on the pencil/edit icon. You can then replace a selection completely or choose ‘more’ or ‘less’ to go against your initial decision. You will also find that you can add more entries at this stage, too. 

What happens if I don’t get any of my selections correct?

Sounds like you need to do some more research. DraftKings has a great tool that provides you with plenty of in-depth stats and facts to help establish league and stat leaders across all major sports. Fortunately, your first entries are backed by an impressive Draftkings Pick6 sign up bonus, too. So, any net negative balance of up to $100 will be returned to you in bonus credits.

Will my entries contribute towards the Dynasty rewards program?

Yes. DraftKings has tried to simplify the rewards program by ensuring that every $1.00 you spend on DraftKings Pick6 contributes towards your journey. You’ll receive one crown per dollar entry, allowing you to pick up additional bonuses and perks throughout your time online. 

Comparisons: DraftKings Pick6 payouts Vs. Sports betting parlays 

DraftKings Pick6 is a popular choice for many US sports fans who have yet to see sports betting legalized in their state. However, the approach taken by DraftKings Pick6 also sits favorable for those looking to give themselves the best possible head start.

Although no guarantees, you’ll see that the win probability of a DraftKings Pick6 entry outweighs that of sports betting parlays. This table showcases a complete comparison based on a $100 entry of all winning selections.

Correct PicksOdds/probabilityParlay odds/probabilityPotential Pick6 profitPotential Parlay profit
6/6+3400 / 3%+4170 / 2.3%$3,400$4,170.16
5/5+1900 / 5%+2184 / 4.4%$1,900$2,184.04
4/4+900 / 10%+1121 / 8.2%$900$1,121.69
3/3+500 / 16.7%+553 / 15.3%$500$553.46
2/2+250 / 28.6%+249 / 28.6%$250$249.53

Withdrawing your winnings: How to complete your DraftKings Pick 6 payout 

DraftKings is an established DFS and sports betting sites that accept PayPal, Visa, Trustly, and many other credible methods. So, when it comes to withdrawals, you shouldn’t have any issues getting your hands on any payouts.

As you’ll see from this convenient table, minimum withdrawals start at $1 (bar check and bank transfer), and most processing will be completed within 24-48 hours.

Payment MethodMinimum WithdrawalMaximum WithdrawalProcessing Time/b>
Debit card$1$25,000< 24 hours
PayPal$1$60,000< 48 hours
Venmo$1$20,000< 48 hours
Trustly$1$100,000< 24 hours
Apple Pay$1$25,000< 48 hours
Check$15$49,999< 14 days
Bank Transfer$20,000N/A< 48 hours

Verdict: Complete your DraftKings Pick6 Payout today 

Although relatively unique in its approach, the DraftKings Pick6 payouts work out favorable in most circumstances. You’ll find that your entries are split amongst eligible contests, leaving you with the chance to pick up varied wins depending on the size of the prize pool.

Generally, you’ll need to have all selections correct to land in the larger prize pool. However, you may still walk away with a DraftKings Pick6 payout with one or two incorrect selections. On a very rare occasion, you may even find that you leave with a higher prize than those who have secured a full house. Either way, you can then make use of a range of credible methods and withdraw freely.

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DraftKings Pick6 Payout FAQ

❓ When will I receive my DraftKings Pick6 payout?

DraftKings Pick6 contests are often settled within 30-60 minutes. You can then review the available DraftKings payment methods before requesting your withdrawal. 

🕵️‍♂️ Can I win real money playing DraftKings Pick6?

Yes. Should you make enough correct predictions, you’ll have the chance to pick up a real money DraftKings Pick6 payout. This is calculated based on the number of entrants, number of contest entries, and size of the prize pool. 

🤷‍♀️ How can I withdraw my DraftKings Pick6 payout?

You can withdraw from DraftKings using a range of methods, including debit card, PayPal, and Venmo. Withdrawals start from $1 and can take less than 24 hours to reach your account. 

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