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Best Sportsbooks US / Draftkings Pick6 Payouts: Explained by DFS Experts

Draftkings Pick6 Payouts: Explained by DFS Experts

Last Updated on 23/02/2024

The DraftKings Pick 6 payout system is quite different from other DFS contests of this type. Usually, you will find that payouts from pick ‘em DFS contests tend to be multiplier-based as you play against the house.

At DraftKings, however, the Pick 6 contests are played peer-to-peer for the share of a prize pot. All of the winners and placed players split a portion of the prize pot equally, which makes it harder to calculate, but gives you more winning potential. Better still, you don’t need to get all your picks correct to get paid out.

The pros and cons of the DraftKings Pick 6 payout system

As we have already established, the way that payouts work when you play Pick6 DraftKings isn’t quite the same as other similar fantasy sports contests. This brings with it some advantages and disadvantages, which we have summarized below:

DraftKings Pick 6 payout system: Pros and Cons
  • Four and five-figure prize pots
  • All players with correct picks win a share of the prize pot
  • You can still receive a payout if you don’t get all of your picks correct
  • You can beat other players to potentially win more money
  • You are automatically entered into multiple contests with the same entry fee
  • You can change your lineup and entry fee any time up until the contest starts
  • No fixed payout amounts
  • Harder to calculate and predict your potential winnings

How DraftKings Pick 6 payouts work - An overview

The payouts for DraftKings Pick6 work by splitting the prize pool between winning players. Additionally, a portion of the prize pool is also given to players who get all but one of their picks correct, but only for contests with 2-5 picks.

For contests with the maximum 6 picks, a portion of the prize pool is also given to the players that finish with 4 or 5 out of 6 picks correct.

Let’s take a look at an example, using a 6-pick contest with a $10,000 prize pool, which would be shared as follows:

  • $7,000 (70%) shared among the player with 6/6 correct picks
  • $2,000 (20%) shared among the players with 5/6 correct picks
  • $1,000 (10%) shared among the players with 4/6 correct picks

Alternatively, if the same $10,000 prize pool was offered in a 5-pick contest, it would be shared thus:

  • $8,000 shared among the players with 5/5 picks
  • $2,000 among those with 4/5

Does this mean that you could technically win more with fewer correct picks? 

Yes, and this is one of the key things to understand when learning how to play DraftKings Pick6 and what makes it different from traditional multiplier DFS contests. While it is rare, it could end up being the case that you could win more with 5/6 correct picks than 6/6.

For example, if 20 players were to get 6/6 and share $7,000 equally, they could each get $350. But if only four players were to get 5/6 and share $2,000, they would each get $500.

What happens if no one gets all of their picks correct? 

In the very rare case where no one gets all of the picks correct, the prize pool drops down to the next Prize Tier. What’s important to highlight here is that the money that drops down is added to the total prize pool, rather than everything dropping down a tier.

Referring back to the previous example used, if there were no players with 6/6 correct picks, here’s how it would work:

  • The $7,000 prize pool for 6/6 picks would be added to the $2,000, meaning players with 5/6 correct picks would share a total pot of $9,000
  • Players with 4/6 picks would still share $1,000 as usual

This also works in the opposite direction, but the prize pot is always added to the top tier. For instance, if there are no entries with 4/6 correct picks, the $1,000 would be added to the $7,000 6/6 prize pot, not the 5/6.

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How your entries work on DraftKings Pick 6

A key part of understanding how the payouts work is knowing how PIck6 is played and how your entry fee works. Fortunately, it is very straightforward, here’s how it goes step-by-step:

  1. You can pick between 2 and 6 players for the same sport, from at least two different teams, with no player repeats
  2. Choose more or less for the projected stat
  3. Choose your entry fee, which defaults to multiples of $1.00 for all contests you’re eligible for. E.g. a $10 entry would be split as 10 x $1.00 entries, across different contests
  4. Follow the action in the “My Picks” section of your account when the game kicks off
  5. Receive your share of the prize pool if you have made enough correct picks

DraftKings Pick 6 payouts vs props parlays in betting

In many of the DraftKings Pick6 legal states, real money online sports betting is not an option, which is what makes this such a popular alternative. To make things even more interesting, we’ve compared DraftKings Pick6 payouts to the potential winnings that you can land from props parlays in the DraftKings sportsbook.

Because your total entry fee is split across all available contests in $1.00 increments, you often have a better winning probability. We’ve compared the stats and neatly compiled them into this table for you.

Please note: We have only included the stats for all correct picks, as progressive parlays are not yet available on the DraftKings sportsbook app. The figures listed below are based on a $100 entry fee/betting stake:

No. of picksPick6 odds/probabilityParlay odds/probabilityPotential Pick 6 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

DraftKings Pick6 Rewards - Contribute to your Crowns

There isn’t a dedicated rewards or VIP program solely for DraftKings Pick6, but your Pick6 entry fees contribute to your Crowns (the regular DraftKings VIP points system). You get one Crown for every $1.00 that you spend on Pick6 entry fees.

These Crowns have no value and cannot be converted into cash. However, they can be used to enter Pick6 and other DraftKings contests. You can learn more about the rewards program and the DraftKings Pick6 sign up bonus by reading our in-depth DraftKings reviews.

DraftKings Pick 6 payout - How to withdraw your winnings

Once a contest has finished and prizes have been settled, your share of the prize pool will be paid directly into your DraftKings account balance. From there, you can withdraw it to your bank, e-wallet or another payment account.

Withdrawal limits range from $1.00 - $15.000 depending on your payment method, and the selection of available payment methods varies in each state. One thing we can confirm is that DraftKings is one of the best DFS and sports betting sites that accepts PayPal in all available locations.

In the table below, we have summarized the processing times and limits for all payment options:

Payment methodMin. withdrawalMax. withdrawalProcessing time
Debit card$1.00$25,000One day
PayPal$1.00$60,000Up to two days
Venmo$1.00$20,000Up to two days
Trustly$1.00$100,000One day
Apple Pay$1.00$25,000Up to two days
Check$15>$100 - $49,999Up to three -14 business days*
Bank wire$20,000N/AUp to two days

*Processing times vary depending on your withdrawal amount and the delivery method. You can check out our dedicated DraftKings payment methods article for more information on this.

DraftKings Pick 6 payout - Conclusion

It is true to say that the payouts for DraftKings Pick 6 aren’t quite as easy to calculate as those for some other DFS pick ‘ems, but hopefully, we have been able to simplify them enough for you to gain a better understanding.

The bottom line is that there is no fixed amount that you can win for each contest, which potentially makes things more exciting. On the whole, when compared to parlay props bets, the odds and probability are slightly better, even though your potential profits are slightly lower.

DraftKings Pick 6 payout FAQ

💸 How do payouts work on DraftKings Pick 6?

With the Pick 6 fantasy sports contests at DraftKings, you compete against other players to win a share of the prize pool, assuming you get enough correct picks. For example, in a 6-pick contest, 70% of the prize pot is shared among players with 6/6 correct picks, 20% among those with 5/6 and 10% among those with 4/6 picks. 

🪙 Does DraftKing Pick 6 pay real money?

Yes, if you make enough correct picks in a DraftKings Pick 6 contest, you will win a share of the real money prize pot. For more information, check out our detailed guide here at PromoGuy.us. 

💨 Does DraftKings Pick 6 pay out instantly?

Once all of the games have finished, the contests are often settled within 30 minutes, but this can sometimes take up to an hour. If you have won, the payout to your DraftKings Pick 6 account will be made automatically thereafter.

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