DraftKings Dynasty Rewards Rules & Policy

DraftKings Dynasty Rewards Rules & Policy

(Last updated 1/1/2023)

IMPORTANT LEGAL NOTICE REGARDING THIS DRAFTKINGS POLICY

IIMPORTANT! PLEASE CAREFULLY READ THIS DRAFTKINGS DYNASTY REWARDS RULES & POLICY BEFORE PARTICIPATING IN THE DRAFTKINGS DYNASTY REWARDS PROGRAM AND BEFORE REDEEMING OR ATTEMPTING TO REDEEM ANY CROWNS, AS THIS POLICY AFFECTS YOUR LEGAL RIGHTS AND OBLIGATIONS.

USER AGREEMENT

DraftKings Inc. and its affiliate(s) (individually and collectively, “DraftKings”) are pleased to offer DraftKings users access to the Summit Global Rewards Catalog and the opportunity to redeem Crowns (as defined herein) for Rewards (as defined herein) via the DraftKings Dynasty Rewards Program (“Program”). Your use of and access to the Summit Global Rewards Catalog, and the ability to redeem Crowns for Rewards thereon, is subject to and governed by this DraftKings Dynasty Rewards Rules & Policy (“Policy”), DraftKings’ privacy policy (“Privacy Policy”), the DraftKings daily fantasy sports terms of use (“DFS Terms of Use”), the DraftKings sportsbook terms of use (“Sportsbook Terms of Use”), the DraftKings casino terms of use (“Casino Terms of Use”), and the DraftKings Marketplace terms of use (“Marketplace Terms of Use” and, together with the DFS Terms of Use, the Sportsbook Terms of Use, and the Casino Terms of Use, the “Terms of Use”), each as revised from time to time and incorporated herein (this Policy, the Privacy Policy, and the Terms of Use shall collectively be referred to as the “Agreement”). DraftKings reserves the right to modify, suspend, or terminate this Policy, the Program, the provision of Crowns, the Tier Credits thresholds described herein, the availability of Rewards, and the number of Crowns needed for any given Reward at any time and without notice, effective immediately, and it is your responsibility to review this Policy for any modifications. Your continued participation in the Program constitutes your acceptance of any modifications to this Policy.

ACCEPTANCE

You agree to the provisions of this Policy by your participation in the Program (including, without limitation, by affirmative confirmation on the Dynasty Store or elsewhere, by redeeming or attempting to redeem Crowns, or by accessing, engaging with, or using the Summit Global Rewards Catalog via any DraftKings site or for any purpose related to this Program). IN THE EVENT YOU DO NOT AGREE TO BE BOUND BY THIS POLICY, DO NOT PARTICIPATE IN THE PROGRAM. In the event you wish to be excluded from the Program, you must contact support@draftkings.com and terminate your DraftKings user account. By participating in the Program, you acknowledge that you have read and agreed to the provisions set forth in this Policy without modification thereto. This Agreement constitutes a legal agreement between you and DraftKings and shall apply and be binding on you even after termination of your DraftKings user account, the termination of this Policy, or the suspension or termination of the Program.

CROWNS

Crowns are a form of player loyalty points (“Crowns”). Individuals with an active and valid DraftKings account created and maintained pursuant to the applicable Terms of Use will be automatically enrolled in the Program and eligible to earn Crowns, subject to any requirement for eligibility set forth herein (such individuals, “Users”). A User’s eligibility for the Program and their Crowns balance may be revoked or modified by DraftKings at any time, for any reason or no reason. Once Crowns are earned by the User and reflected in the User’s account, Crowns may be redeemed at the DraftKings shop on the DraftKings site (the “DK Shop”) for site credits and entry tickets or redeemed through Summit’s Global Rewards Catalog (the “Dynasty Store”) for merchandise, travel, event tickets, experiences, and charitable donations (site credits and entry tickets available at the DK Shop and the rewards available at the Dynasty Store, individually and collectively, “Reward(s)”). All Users acknowledge that Rewards may not be available and are subject to change without notice, from time to time and for any reason or for no reason, and Users hereby waive any claim and/or rights to and associated with any Rewards. Furthermore, each User may be subject to and/or required to accept policies or terms of use with third-party rewards providers in order to redeem Crowns. All taxes, fees, surcharges, incidentals, and other costs associated with Rewards shall be borne solely by the User.

Crowns may be earned by a User by completing the following actions: (i) entering into a paid DraftKings daily fantasy sports contest pursuant to the DFS Terms of Use, (ii) placing a paid wager that has greater than -1000 odds in the DraftKings sportsbook pursuant to the Sportsbook Terms of Use, (iii) placing a paid wager in the DraftKings online casino pursuant to the Casino Terms of Use, and/or (iv) completing a purchase on the DraftKings Marketplace pursuant to the Marketplace Terms of Use ((i)-(iv) each a “Crown Earning Activity”). To access the Dynasty Store, a User may follow an associated link on the applicable DraftKings site to the Program landing page from which the User may then follow third-party links to access the Dynasty Store. The Dynasty Store and the associated hosting site(s) are controlled and maintained by a third party, and DraftKings is not responsible for the Dynasty Store or any associated hosting site(s).

The provision, duration, value, and/or revocation of Crowns may be modified at any time in DraftKings’ sole discretion. Crowns will be automatically credited to the User’s Crown balance. Crowns will accrue on a fractional basis; however, a User’s Crown balance will only display the total Crown amount as a whole number (rounded down). Crowns do not expire, unless stated otherwise by DraftKings. Users may view their Crown balance at any time on any DraftKings site. The rate at which Crowns are accrued varies based on contest, wager, bet type, entry fee, or purchase price. DraftKings reserves the right, in its sole discretion and without notice, to modify the number of Crowns required to obtain any Reward. The redemption value of Crowns is determined by DraftKings and/or the applicable cost in the Dynasty Store at the time at which the Crowns are redeemed by the User. The accumulation of Crowns does not entitle Users to any vested rights with respect to any Rewards.

CROWNS ACCRUAL RATES

All Crown accrual rates are subject to change by DraftKings in its sole discretion, at any time and without notice.

Crowns may accrue at the following rates:

Sportsbook:

• Users may be eligible to receive one (1) Crown for every one US dollar ($1) wagered on parlay wagers and Same Game Parlay wagers (as defined in Terms of Use) with eligible odds, as specified herein;
• Users may be eligible to receive one (1) Crown for every two US dollars ($2) wagered on the DraftKings sportsbook on all other sportsbook wagers (e.g., without limitation, non-parlay, straight bets, futures) with eligible odds, as specified herein;

Daily Fantasy Sports Contests:

• Users may be eligible to receive one (1) Crown for every one US dollar ($1) spent to enter a contest on the DraftKings daily fantasy sports product;

Casino:

• Users may be eligible to receive one (1) Crown for every two US dollars ($2) wagered on most slots on the DraftKings casino product
• Users may be eligible to receive one (1) Crown for every eight US dollars ($8) wagered on most casino table games and video poker on the DraftKings casino product
• Users may be eligible to receive one (1) Crown for every five US dollars ($5) wagered on select tables games and slots;

Marketplace:

• Users may be eligible to receive one (1) Crown for every fifty cents USD ($0.50) spent toward a purchase on NFT Drops in DraftKings Marketplace that are supplied by DraftKings;
• Users may be eligible to receive one (1) Crown for every two US dollars ($2) spent toward any other purchase in DraftKings Marketplace;

Crowns for spend in Canadian Dollars will accrue at 0.8 times the US Dollar rates listed above (e.g. Users may be eligible to receive one (1) Crown for every one dollar and twenty-five cents CAD ($1.25) wagered on parlay wagers and Same Game Parlay wagers (as defined in Terms of Use) with eligible odds). Certain games may have different Crown accrual rates than as set forth above. The number of Crowns accrued based on wagers may be modified by DraftKings from game to game, at any time and without notice.

Crowns may be distributed as follows:

Sportsbook:

• Crowns may be distributed at the time of settlement of the associated wager, excluding cash-out, voided, or canceled wagers (timing of all wager settlements shall be determined by DraftKings);

Daily Fantasy Sports Contests:

• Crowns may be distributed at the time that the associated contest locks (i.e. the time at which no additional contest entries will be accepted) (in the event a Contest is canceled after it is locked, DraftKings reserves the right to revoke Crowns earned therefrom);

Casino:

• Crowns may be distributed at the time the associated wager is entered on slots on the DraftKings casino product;
• Crowns may be distributed at the time the associated wager is entered on casino table games and video poker on the DraftKings casino product;

Marketplace:

• Crowns may be distributed at the time the associated Marketplace purchase is accepted and confirmed by DraftKings, at the end the calendar month in which the purchase was made, or upon completion of a given promotional period, in any event and at all times determined by DraftKings in its sole discretion;

TIER CREDITS

Tier Credits are a form of player loyalty points (“Tier Credits”). Individuals with an active and valid DraftKings account created and maintained pursuant to the applicable Terms of Use will be automatically enrolled in the Program and eligible to earn Tier Credits, subject to any requirement for eligibility set forth herein (such individuals, “Users”). A User’s eligibility for the Program and their Tier Credits balance may be revoked or modified by DraftKings at any time, for any reason or no reason.

Tier Credits may be earned by a User by completing the following actions: (i) entering into a paid DraftKings daily fantasy sports contest pursuant to the DFS Terms of Use, (ii) placing a paid wager that has greater than -1000 odds in the DraftKings sportsbook pursuant to the Sportsbook Terms of Use, (iii) placing a paid wager in the DraftKings online casino pursuant to the Casino Terms of Use, and/or (iv) completing a purchase on the DraftKings Marketplace pursuant to the Marketplace Terms of Use ((i)-(iv) each a “Tier Credits Earning Activity”).

The provision, duration, value, and/or revocation of Tier Credits may be modified at any time in DraftKings’ sole discretion. Tier Credits will be automatically credited to the User’s Tier Credit balance. Tier Credits will accrue on a fractional basis; however, a User’s Tier Credit balance will only display the total Tier Credit amount as a whole number (rounded down). Tier Credits balances expire and reset to zero (0) annually on January 1. Users may view their Tier Credit balance at any time on any DraftKings site. The rate at which Tier Credits are accrued varies based on contest, wager, bet type, entry fee, or purchase price. The accumulation of Tier Credits does not entitle Users to any vested rights with respect to any Rewards.

TIER CREDIT ACCRUAL RATES

All Tier Credit accrual rates are subject to change by DraftKings in its sole discretion, at any time and without notice.

Tier Credits may accrue at the following rates:

Sportsbook:

• Users may be eligible to receive one (1) Tier Credit for every five US dollars ($5) wagered on parlay wagers and Same Game Parlay wagers (as defined in Terms of Use) with eligible odds, as specified herein;
• Users may be eligible to receive one (1) Tier Credit for every ten US dollars ($10) wagered on the DraftKings sportsbook on all other sportsbook wagers (e.g., without limitation, non-parlay, straight bets, futures) with eligible odds, as specified herein;

Daily Fantasy Sports Contests:

• Users may be eligible to receive one (1) Tier Credit for every five US dollars ($5) spent to enter a contest on the DraftKings daily fantasy sports product;

Casino:

• Users may be eligible to receive one (1) Tier Credit for every ten US dollars ($10) wagered on most slots on the DraftKings casino product

• Users may be eligible to receive one (1) Tier Credit for every forty US dollars ($40) wagered on most casino table games and video poker on the DraftKings casino product
• Users may be eligible to receive one (1) Tier Credit for every twenty-five US dollars ($25) wagered on select tables games and slots;

Marketplace:

• Users may be eligible to receive one (1) Tier Credit for every two US dollars and fifty cents ($2.50) spent toward a purchase on NFT Drops in DraftKings Marketplace that are supplied by DraftKings;
• Users may be eligible to receive one (1) Tier Credit for every ten US dollars ($10) spent toward any other purchase in DraftKings Marketplace;

Tier Credits for spend in Canadian Dollars will accrue at 0.8 times the US Dollar rates listed above (e.g. Users may be eligible to receive one (1) Tier Credit for every six dollars and twenty-five cents CAD ($6.25) wagered on parlay wagers and Same Game Parlay wagers (as defined in Terms of Use) with eligible odds). Certain games may have different Tier Credit accrual rates than as set forth above. The number of Tier Credits accrued based on wagers may be modified by DraftKings from game to game, at any time and without notice.

Tier Credits may be distributed as follows:

Sportsbook:

• Tier Credits may be distributed at the time of settlement of the associated wager, excluding cash-out, voided, or canceled wagers (timing of all wager settlements shall be determined by DraftKings);

Daily Fantasy Sports Contests:

• Tier Credits may be distributed at the time that the associated contest locks (i.e. the time at which no additional contest entries will be accepted) (in the event a Contest is canceled after it is locked, DraftKings reserves the right to revoke Tier Credits earned therefrom);

Casino:

• Tier Credits may be distributed at the time the associated wager is entered on slots on the DraftKings casino product;
• Tier Credits may be distributed at the time the associated wager is entered on casino table games and video poker on the DraftKings casino product;

Marketplace:

• Tier Credits may be distributed at the time the associated Marketplace purchase is accepted and confirmed by DraftKings, at the end the calendar month in which the purchase was made, or upon completion of a given promotional period, in any event and at all times determined by DraftKings in its sole discretion;

TIERS AND ASSOCIATED PERKS

Beginning January 1, 2023, users may be placed in a particular tier based upon the number of Tier Credits they have earned in the calendar year, beginning on January 1 and ending on December 31 of each respective year. For purposes of calculating a User’s tier status, Tier Credits counts will reset at the end of each calendar year. DraftKings reserves the right to exclude any user from any and all perks or promotional offerings at any time, including but not limited to crown accrual and Weekly Prize Chests.

1. Some wagers are not eligible to earn Crowns or Tier Credits. These include: wagers made on Live Dealer Craps; and sportsbook wagers at less than -1000 odds (e.g. -2500).
2. Access to our VIP hosts is not available to users in the United Kingdom.
3. Dynasty Store and Prize Chests are not currently available outside the United States & Canada.
4. Signature Dynasty Sweepstakes are not available outside of the United States.
5. Users who have reached their status tier due to an override and not by accruing Crowns/Tier Credits are not eligible for the Onyx Elite Reward unless they reach the tier by accruing Tier Credits.
6. Users earn the Tier Reached Gift upon requalifying for Diamond/Onyx for 2024 or reaching Diamond/Onyx for the first time through Tier Credit accrual. For example, an Onyx user will receive the Tier Reached Gift only upon requalifying for Onyx for 2024. Any other user would receive it upon qualifying for Diamond for 2024.

LIMITATIONS ON CROWNS

Crowns have no monetary value whatsoever. Crowns redeemed by a User for a Reward may only be refunded under certain circumstances, as determined by DraftKings in its sole discretion.

Crowns may not be sold, bartered, assigned, bequeathed, transferred (by intestate succession or otherwise) redeemed for cash, given away, donated, or advertised for sale or barter of any kind, and shall be rendered void in the event transferred by the User in any way. Crowns cannot be transferred by operation of law, such as by inheritance, in bankruptcy, or in connection with a divorce or other legal claim or proceeding. Users may not pool Crowns or combine Crown balances. The sale or barter, or the attempted sale or barter, of Crowns is prohibited. Crowns may not be used in conjunction with any other promotion, coupon, discount, or special offer.

DraftKings reserves the right to revoke Crowns from a User as the result of fraudulent activity or for any reason in DraftKings’ sole discretion. Each User will be responsible for any taxes associated with such User’s redemption of Crowns for Rewards.

In the event a User’s account is voluntarily or involuntarily closed or terminated, all Crowns associated with that account will be forfeited.

LIMITATIONS ON TIER CREDITS

Tier Credits have no monetary value whatsoever.

Tier Credits may not be sold, bartered, assigned, bequeathed, transferred (by intestate succession or otherwise) redeemed for cash, given away, donated, or advertised for sale or barter of any kind, and shall be rendered void in the event transferred by the User in any way. Tier Credits cannot be transferred by operation of law, such as by inheritance, in bankruptcy, or in connection with a divorce or other legal claim or proceeding. Users may not pool Tier Credits or combine Tier Credit balances. The sale or barter, or the attempted sale or barter, of Tier Credits is prohibited. Tier Credits may not be used in conjunction with any other promotion, coupon, discount, or special offer.

DraftKings reserves the right to revoke Tier Credits from a User as the result of fraudulent activity or for any reason in DraftKings’ sole discretion.

In the event a User’s account is voluntarily or involuntarily closed or terminated, all Tier Credits associated with that account will be forfeited.

CROWNS REDEMPTION

Subject to the existence of, and the terms and conditions of, any agreement in place between DraftKings and a third-party rewards provider, Users may be eligible to redeem Crowns in exchange for Rewards, including those listed in the Dynasty Store, with such third-party reward provider. Users are only eligible for Rewards in the event the User has fully complied with all applicable terms, conditions, and rules, including, without limitation, those set forth in the Agreement and this Policy. All travel and lodging will be at the User’s sole expense, unless expressly provided otherwise in the applicable Reward description. Details of each Reward may be modified by DraftKings in its sole discretion, at any time and for any reason or no reason. Users will be responsible for all incidental charges associated with their redeemed Rewards. Each User shall be responsible for providing any necessary information to DraftKings and/or any third-party Rewards provider, as necessary, and notifying DraftKings and/or such third party of any changes to such information, including a change of address, associated with the redemption of Crowns and fulfillment of redeemed Rewards. DraftKings is not responsible for any lost, stolen, or damaged Rewards. Each User acknowledges that provision of Rewards may be delayed or made impossible for any reason, including reasons outside of DraftKings’ control. DraftKings will not be responsible for delays or Rewards that cannot be provided due to impossibility. DraftKings will not be liable for its failure to comply with any provisions of this Policy due to reasons outside of DraftKings’ control. Each User acknowledges that there are factors and occurrences that may impact or affect the safety of any events, activities, or travel associated with redeemed Rewards, including, but not limited to, SARS-CoV-2 and any variants thereof (“COVID-19”), and each User assumes all risk associated with such factors and occurrences, including those of serious injury, illness, death, and travel delay and associated costs.

WAIVER

BY PARTICIPATING IN THE PROGRAM, REDEEMING REWARDS, OR PARTICIPATING IN ANY EVENTS, ACTIVITIES OR TRAVEL ASSOCIATED WITH A REWARD, YOU HEREBY FULLY, KNOWINGLY, AND VOLUNTARILY RELEASE DRAFTKINGS, ITS PARENTS, SUBSIDIARIES, AND AFFILIATES, AND THE DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, SHAREHOLDERS, OTHER REPRESENTATIVES, AND SUCCESSORS AND ASSIGNS OF EACH OF THE FOREGOING, FROM ANY LIABILITY ASSOCIATED WITH THE ACCUMULATION, POSSESSION, REDEMPTION, USE OR ENJOYMENT (OR ATTEMPTED ACCUMULATION, POSSESSION, REDEMPTION, USE OR ENJOYMENT) OF ANY REWARD, INCLUDING ANY PROPERTY DAMAGE, EMOTIONAL DISTRESS, ILLNESS (INCLUDING COVID-19), DISEASE, PERSONAL INJURY, AND DEATH. ALL TRAVEL, LODGING, EVENT PARTICIPATION, USE AND/OR ENJOYMENT OF REWARDS, AND ASSOCIATED ACTIVITIES WILL BE PERFORMED AT YOUR SOLE RISK AND RESPONSIBILITY, AND YOU HEREBY FULLY, KNOWINGLY, AND VOLUNTARILY ASSUME THE RISK THEREOF AND RELEASE DRAFTKINGS, ITS PARENTS, SUBSIDIARIES AND AFFILIATES, AND THE DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, SHAREHOLDERS, OTHER REPRESENTATIVES, AND SUCCESSORS AND ASSIGNS OF EACH OF THE FOREGOING, FROM ANY LIABILITY ASSOCIATED THEREWITH.

THE PROGRAM CONTAINS LINKS TO THIRD-PARTY WEBSITES THAT ARE NOT OWNED OR CONTROLLED BY DRAFTKINGS. DRAFTKINGS HAS NO CONTROL OVER, AND ASSUMES NO RESPONSIBILITY FOR, THE CONTENT, PRIVACY, PRACTICES, OR YOUR USAGE OF ANY THIRD-PARTY WEBSITES. IN ADDITION, DRAFTKINGS WILL NOT AND CANNOT CENSOR OR EDIT THE CONTENT OF ANY THIRD-PARTY SITE. BY PARTICIPATING IN THE PROGRAM, YOU EXPRESSLY RELIEVE DRAFTKINGS, ITS PARENTS, SUBSIDIARIES AND AFFILIATES, AND THE DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, SHAREHOLDERS, OTHER REPRESENTATIVES, AND SUCCESSORS AND ASSIGNS OF EACH OF THE FOREGOING FROM ANY AND ALL LIABILITY ARISING FROM YOUR USE OF ANY THIRD-PARTY WEBSITE. ACCORDINGLY, DRAFTKINGS ENCOURAGES YOU TO BE AWARE OF WHEN YOU LEAVE THE DRAFTKINGS SITE AND TO READ THE TERMS AND CONDITIONS AND PRIVACY POLICY OF EACH THIRD-PARTY WEBSITE THAT YOU VISIT.

INDEMNITY

BY PARTICIPATING IN THE PROGRAM, YOU AGREE TO INDEMNIFY, PROTECT, DEFEND, AND HOLD HARMLESS DRAFTKINGS, ITS PARENTS, SUBSIDIARIES, AND AFFILIATES, AND THE DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, SHAREHOLDERS, OTHER REPRESENTATIVES, AND SUCCESSORS AND ASSIGNS OF EACH OF THE FOREGOING, FROM AND AGAINST ANY AND ALL THIRD-PARTY CLAIMS, LIABILITIES, LOSSES, DAMAGES, INJURIES, DEMANDS, ACTIONS, CAUSES OF ACTION, SUITS, PROCEEDINGS, JUDGMENTS, AND EXPENSES, INCLUDING REASONABLE ATTORNEYS' FEES, COURT COSTS, AND OTHER LEGAL EXPENSES, INCLUDING, WITHOUT LIMITATION, THOSE COSTS INCURRED AT THE TRIAL AND APPELLATE LEVELS AND IN ANY BANKRUPTCY, REORGANIZATION, INSOLVENCY, OR OTHER SIMILAR PROCEEDINGS, AND ANY OTHER LEGAL EXPENSES ARISING FROM OR CONNECTED WITH YOUR PARTICIPATION IN THE PROGRAM, ANY USE AND/OR ENJOYMENT OF REWARDS, EVENT OR ACTIVITY PARTICIPATION OR TRAVEL ASSOCIATED WITH ANY REWARDS, ANY PAYMENT METHODS USED, ANY FUNDING OF YOUR DRAFTKINGS ACCOUNT, AND/OR YOUR PARTICIPATION IN ANY DAILY FANTASY SPORTS CONTEST, ANY SPORTSBOOK AND/OR CASINO WAGER, AND USE OF THE DRAFTKINGS MARKETPLACE.

REPRESENTATIONS AND WARRANTIES

By participating in the Program, you represent and warrant to DraftKings that: (i) you understand, agree to, and will abide by this Policy and the Agreement in regard to the Program and the redemption of Crowns, (ii) you will abide by all applicable laws in the jurisdiction where you are located while participating in the Program (including entering any contests and making any wagers), (iii) you are of the age of majority as required by applicable law or regulation, (iv) you are a legal resident of the United States or Canada, and (iv) you are, while performing a Crown Earning Activity, physically located in a US state or Canadian province or territory in which daily fantasy sports contests, sports betting, iGaming, and/or the transactions hosted on the DraftKings Marketplace, as applicable, are either expressly permitted by all applicable laws and regulations or not prohibited by the same.