Online fantasy sports company DraftKings said today it will host a $250,000 main event on Sunday, Dec. 23 -- NFL Week 16 -- the biggest single-day open cash event in fantasy sports history.
The event allows players to use their detailed research and deep stats knowledge to potentially win a share of the big prize -- $100,000 for the first-place winner, with the top 200 finishers also winning cash, said the Boston-based company, which launched in April.
Contestants can enter the $250,000 main event directly starting this Sunday for $200. The event will have a maximum of 1,400 participants, but each contestant can have unlimited entries, the company said, adding contestants can also enter one of several DraftKings qualifying games today for as little as $1. The game structure includes a nine-player roster with a fixed salary cap.
"As the playoffs approach, season-long fantasy football becomes essentially a spectator sport for the vast majority of players. At DraftKings, your season doesn't have to be over," said company CEO Jason Robins in a statement. "The largest single-day open fantasy sports event in history is just the beginning for DraftKings. With over $50,000 in NCAA Football Bowl Game Contests coming up, and a massive NBA Championship Tournament about to launch, we're going to keep upping the ante season after season."
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