DraftKings will head into its most profitable season of the year, the fall, with a four-week survivor-format fantasy golf championship that will encompass four major PGA tournaments. The contest, which will begin with 125 participants, will pay out a total prize pool of $1 million, with first place being awarded $200,000.
The $1 Million Golf Championship will be a qualifier-only event, and began rounding out its field on April 7 with its first qualifier. Both qualifiers and satellites for the tournament will run until August 11, with entry fees for the latter ranging from .25 cents-$100 and from $3-$1000 for the former.
Four-Tournament Survivor Format
The $1 Million Golf Championship’s survivor format will be laid out as follows:
- Thursday, August 25, 2016– The Barclays – 125 participants compete and the top 100 will advance.
- Friday, September 2, 2016– Deutsche Bank Championship- 100 participants compete, and the top 70 will advance.
- Thursday, September 8, 2016– BMW Championship- 70 participants compete, and the top 30 will advance.
- Thursday, September 22, 2016– Tour Championship- Final 30 participants compete for $1 million prize pool
Prize Pool Breakdown
Well over half of the seven-figure prize pool, $595,000, will be paid out to the top 10 finishers in the contest. Like the overall winner, second place will also pocket a six-figure sum of $125,000. Third-fifth-place finishers will see their accounts grow by $75,000, $50,000 and $40,000, respectively. The bottom 25 finishers will pocket $2,000 apiece for their participation.
Continued Growth For Daily Fantasy Golf
Fantasy golf has at times been the fastest-growing offering for DraftKings since it initially rolled out contests for it in January 2014. While it still ranks behind the “big three” of the NFL, NBA and MLB in terms of total entry fees, the sport has proven increasingly popular for the industry leading-operator.
Part of its appeal could well be its presence during an otherwise slower time of year for daily fantasy sports fans, that being the period between the NBA Finals (the cut-off point for DFS NBA contests, since there is only one game and two teams per slate at that stage) and the beginning of the NFL season. While DFS MLB contests certainly see significant participation, the pull of contests with notable cash payouts in another major sport certainly seems to be at play when it comes to daily fantasy golf.
The $1 Million Golf Championship is the culmination of a busy PGA tour season for DraftKings, which in recent months has run contests for PGA events such as the U.S. Open, the Masters, the Shell Houston Open, the RBC Heritage, the Valero Texas Open and currently, the Zurich Classic of New Orleans.