This will differ significantly from site to site, but I wanted to give you an overall idea. If you enjoy playing fantasy sports, you are probably going to have no difficulty understanding the different formats on the new daily fantasy sites. Sports like football, basketball, wrestling, soccer, and more are all hot favourites for DFS lovers.
In my experience, the most popular formats include the head-to-head format, the team drafts which compete against other drafts for a specific period, and of course, the flexible drafts with insurance. In particular, I enjoy playing flexible format drafts because you get to insure your picks – which means that even if you do lose, you might not lose it all since your picks are with insurance.
Whenever you sign up on a new daily fantasy site, I would highly recommend you read up on the different formats they have and pick the one that matches your strategy. Building a strategy takes time and some experimentation, which is why the welcome bonus comes in handy. Use promos and bonuses to try out different formats and see the ones that fit your strategy the best.
How to assess the safety of new daily fantasy sites?
I am sure I am not the first person to tell you to be careful when signing up on a new fantasy site, and I sure won’t be the last. And since this is one of the most profitable and booming industries at the moment, the
daily fantasy sports rankings
list is growing day by day.
While some of these sites are genuinely good and have a lot of interesting offers, there are also as many scam sites waiting to bleed you dry. Hence, play smart and play safe. If you are struggling to verify whether a site is good or bad, here are some helpful tips to assess the safety of a new daily fantasy sports site.
Check the licence of the site
Every legitimate DFS site will need to have an online gaming licence to legally operate in the United States. Moreover, they need to comply with state-specific regulations since not all states are DFS-legal states.
So, the first course of action for you is to scroll to the bottom of the website and check whether the site has any licensing information. To verify whether they are telling the truth and not just pasting a random licence on there, don’t forget to go to the licensor’s website and look for the site in the list of granted licences. These extra 5 minutes can prevent a huge hassle, so don’t skip this step!
Research the reputation of the site online
Just because a site is licensed, doesn’t mean that they are offering quality services or can be trusted. Take the example of Thrive Fantasy, which is a licensed DFS site that has gotten into trouble for withholding withdrawals for players and also declared bankruptcy. A simple Google search can save you a potential heartbreak.
You can look for expert reviews on the site from trusted gaming review blogs like ours and also ask on any notable iGaming players’ forum about the site. If you see positive feedback from experts and players alike, that should tell you that the site can be trusted.
Try these top DFS betting bonuses
1.
$10 Free on Signup, No Deposit Required
Wagering (WR): 1x Deposit
2.
100% bonus of first deposit – up to 100 OwnersBucks instantly
Min. Deposit: $10
Make a minimum $10 (USD) or more deposit and have 100% of your deposit matched up to 100 OwnersBucks instantly (valued at up to $100 USD). The “100% Deposit Bonus” offer is only valid for one use. Only one (1) 10-100 OwnersBucks reward will be issued to each individual eligible user. Rewarded OwnersBucks are redeemable in any OwnersBox contest type, subject to location availability. Eligibility for each OwnersBox contest varies by jurisdiction.T&Cs apply, 18+
3.
100% First Deposit Match up to $100 in Promo Funds
Must be 18+ (19+ in NE, AL) (21+ in MA). Must be physically located in the United States, excluding HI, ID, LA , MT, NV, OR, or WA. Eligibility restrictions apply. Void where prohibited. First-time deposit. get a 100% match in Promo Funds, up to $100. Promo Funds are used before cash. Promo Funds are non-withdawable. Winnings from Promo Funds are credited to your account subject to meeting the play-through requirement of 1x deposited funds. Promo Funds expire 7 days after receipt. Terms: https://help.parlayplay.io/promotional-terms. Concerned with you play? Call 1-800-GAMBLER or visit www.ncpgambling.org.
4.
Best Alternative
Open Dabble
5.
Play $5, get $50 instantly, win or lose – it’s yours!
Min. Deposit: $10
Best Alternative
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Top New Daily Fantasy Sites Worth Your Time
A little heads up, this list contains some of the best new daily fantasy sports sites along with a few sites that have been around for a while longer. Why? Simply because I wanted to put together a list of the best DFS sites that you can trust and play on with complete confidence.
I have done all the heavy lifting for you by reviewing them all, checking their licensing and authenticity, and I can confirm that they have some of the best welcome bonuses and daily promos in store for their players. So, enjoy this list of the best new daily fantasy sites along with a couple of veteran sites as well!
Underdog
Pros & Cons
- Fantastic welcome bonus
- Different DFS formats
- Legal in several US states
- Limited customer support channels
Underdog is the cool Brooklyn kid you want to be friends with! This popular Brooklyn-based fantasy sports company has a very sleek and unique brand identity, along with one of the best apps by a DFS site. The Underdog Pick’em and Best Ball formats are two of their most popular formats.
It can be very annoying to play on a site with frequent glitches or complicated navigation, and I am happy to report that you won’t have to face any of that on Underdog. On top of it all, the site is designed with optimal user experience in mind and offers a very fun and entertaining fantasy sports format.
$10 Free on Signup, No Deposit Required
DraftKings
Pros & Cons
- Very highly reputed brand
- Great welcome offer
- Dedicated VIP program
- Slightly steep learning curve
You are probably very familiar with the sportsbook giant DraftKings, but did you know that they have a very successful fantasy sports site as well? If you didn’t, you do now! DraftKings has one of the most extensive catalogues of contests that you can draw your picks from. Whether you enjoy NFL or MLB, DraftKings has got you covered with a wide selection of sports.
Some obvious reasons why DraftKings is on this list are the industry reputation and the reliability of the brand. Besides that, I also have to admit that the DraftKings daily fantasy sports bonuses are some of the best in the game. The welcome bonus offers a 20% deposit match on your first deposit, of up to $500 in DK Dollars that you can spend on the site – sounds like a pretty good deal to me!
New Customers Play Free for Your Share of Millions in Prizes with First Deposit
Gambling Problem? Call 1-800-GAMBLER or 877-8-HOPENY/text HOPENY (467369) (NY). Help is available for problem gambling. Call (888) 789-7777 or visit ccpg.org (CT). 18+ in most eligible states, but age varies by jurisdiction. Eligibility restrictions apply. Void where prohibited. 1 per new customer. Min. $5 deposit req. 1 single-use $3 ticket rewarded. Ticket rewards are site credits valid for use on eligible DraftKings contests. Ticket rewards expire 14 days (336 hours) after being issued. Terms: www.draftkings.com/promotions. Ends 12/31/2025 at 11:59 PM ET. Sponsored by DK.
FanDuel
Pros & Cons
- Extremely beginner friendly
- Highly reputed brand
- Covers several different sports
One of the biggest competitors of DraftKings in the brand reputation and market size is Fanduel. It is another highly regarded and reliable DFS site that certainly is worth considering. Some of the most popular game formats on FanDuel are “Pick’em” and “Beat the Score”. Prizes are usually given out based on the rankings of your picks.
The fantasy sports side of the platform is newer than the sportsbook but equally good. You can compete against players from around the world for cash prizes, in various fantasy sports formats. There is also the FanDuel app which makes mobile gaming easy for all FanDuel account holders. It is perhaps one of the
best fantasy apps for football
on the market.
ParlayPlay
Pros & Cons
- Very easy-to-understand game formats
- Attractive welcome offer
- Active community forums
- Customer support options are few
ParlayPlay is perhaps the newest of the lot, but it has quickly jumped to popularity across several states in the US. The website is legal in around 25 US states and is widely considered one of the best new daily fantasy sports sites in the country.
If you have been dreaming of some great promos for fantasy sports, ParlayPlay will make that a reality. For starters, new users can get up to a $50 deposit match on ParlayPlay if they sign up and make their first deposit on the site. They also have a very active Twitter account which lets you know about any promos or contests in advance. So, I would definitely recommend keeping tabs on their social media handles.
100% First Deposit Match up to $100 in Promo Funds
Must be 18+ (19+ in NE, AL) (21+ in MA). Must be physically located in the United States, excluding HI, ID, LA , MT, NV, OR, or WA. Eligibility restrictions apply. Void where prohibited. First-time deposit. get a 100% match in Promo Funds, up to $100. Promo Funds are used before cash. Promo Funds are non-withdawable. Winnings from Promo Funds are credited to your account subject to meeting the play-through requirement of 1x deposited funds. Promo Funds expire 7 days after receipt. Terms: https://help.parlayplay.io/promotional-terms. Concerned with you play? Call 1-800-GAMBLER or visit www.ncpgambling.org.
OwnersBox
Pros & Cons
- Very low buy-ins
- Great weekly contests
- High-value welcome offer
OwnersBox popped into the fantasy sports scene fairly recently but since then, it has popped off! Already living in over 35 US states, OwnersBox has acquired a massive fan following in a very short period – which only proves that they are offering a very high-quality DFS platform for players.
I reviewed their features and site and thought that the website design was done well. The most popular game format on OwnersBox is perhaps the Head 2 Head contests where your roster competes with another player’s roster for 7 days. Besides football, the
fantasy basketball league
is one of the most played fantasy sports on the OwnersBox site.
100% bonus of first deposit – up to 100 OwnersBucks instantly
Make a minimum $10 (USD) or more deposit and have 100% of your deposit matched up to 100 OwnersBucks instantly (valued at up to $100 USD). The “100% Deposit Bonus” offer is only valid for one use. Only one (1) 10-100 OwnersBucks reward will be issued to each individual eligible user. Rewarded OwnersBucks are redeemable in any OwnersBox contest type, subject to location availability. Eligibility for each OwnersBox contest varies by jurisdiction.T&Cs apply, 18+
Welcome Bonus of the newest daily fantasy sports sites compared
Do you want to find out what the welcome bonus is for each of the sites we have listed above? If so, I’ll do you even better. Below, I have compiled and ranked the top welcome bonuses on new fantasy sports sites for players:
| Rank | DFS site | Welcome Bonus |
| #1 | OwnersBox | 100% deposit bonus of up to $500 with a $5 bonus entry |
| #2 | DraftKings | 20% deposit match of up to $500 in DK Dollars on your first deposit |
| #3 | Underdog | Up to $100 deposit match on your first deposit |
| #4 | ParlayPlay | Up to $50 deposit match on your first deposit |
| #5 | FanDuel | Deposit $20, Get $40 |
How to sign up on a new daily fantasy site and claim the welcome bonus?
While this step-by-step guide might look a little different for each site, the overall process is quite similar. So, I am hoping this will help you sign up quickly and effortlessly sign-up and claim the welcome bonus on the site of your choice.
- Step 1:
Find the sign-up button on the homepage of the site. If you prefer mobile gaming, download the app and find it there;
- Step 2: Click on the sign-up button and input all the information requested. In most cases, you will need to give your name, and email, set a username and password, verify your identity and that’s pretty much it;
- Step 3:
If there is a welcome bonus on the site that needs you to opt-in, you will have to check the opt-in box at this stage;
- Step 4: Once your account is active, make a deposit based on the requirements of the bonus. To do that, just go to the deposit section on the website or the app, select the amount and payment method, and initiate the transaction. Make sure to check the minimum deposit limit for the bonus in advance;
- Step 5: Once the deposit goes through, you will have the bonus amount credited to your account balance. This is instant in most cases but some sites might take 1-2 days to credit the bonus.
Final thoughts
After a thorough review of many new daily fantasy sites, I have brought you a selection of the top ones you should check out. Underdog, DraftKings, FanDuel, ParlayPlay, and Ownnersbox all have fantastic welcome bonuses and a wide range of sports for fantasy sports lovers to choose from. Make sure to read the terms and conditions before you sign up and may the odds be ever in your favour!
The DFS betting sites we recommend
1.
$10 Free on Signup, No Deposit Required
2.
100% bonus of first deposit – up to 100 OwnersBucks instantly
Play now
Make a minimum $10 (USD) or more deposit and have 100% of your deposit matched up to 100 OwnersBucks instantly (valued at up to $100 USD). The “100% Deposit Bonus” offer is only valid for one use. Only one (1) 10-100 OwnersBucks reward will be issued to each individual eligible user. Rewarded OwnersBucks are redeemable in any OwnersBox contest type, subject to location availability. Eligibility for each OwnersBox contest varies by jurisdiction.T&Cs apply, 18+
3.
100% First Deposit Match up to $100 in Promo Funds
Play now
Must be 18+ (19+ in NE, AL) (21+ in MA). Must be physically located in the United States, excluding HI, ID, LA , MT, NV, OR, or WA. Eligibility restrictions apply. Void where prohibited. First-time deposit. get a 100% match in Promo Funds, up to $100. Promo Funds are used before cash. Promo Funds are non-withdawable. Winnings from Promo Funds are credited to your account subject to meeting the play-through requirement of 1x deposited funds. Promo Funds expire 7 days after receipt. Terms: https://help.parlayplay.io/promotional-terms. Concerned with you play? Call 1-800-GAMBLER or visit www.ncpgambling.org.
4.
Best Alternative
Open Dabble
5.
Play $5, get $50 instantly, win or lose – it’s yours!
Best Alternative
Open Dabble
New Daily Fantasy Sites FAQ
❓ Which are the top new daily fantasy sites?
Some of the top new daily fantasy sites currently include Underdog, DraftKings, FanDuel, ParlayPlay, and Ownnersbox.
🤔 How to make sure that a new daily fantasy site is legit?
To make sure that you are signing up on new daily fantasy sites that are legit, always check the licensing information on the brand’s website and also research the reputation of the site in advance by quickly surfing the internet.
🎁 What is the Underdog welcome bonus?
The Underdog welcome bonus is open to all new players who sign up and make their first deposit on the site. All qualifying players will receive up to a $100 deposit match on their first deposit.
⚖️ Which are the DFS legal states?
Each state has its own regulations and licensing requirements. While some DFS sites are legal in one state, they might not be legal in another. So please check on each DFS site individually to find out which states that particular site is legal in.
