Today is the first day of the DraftKings Sports Betting National Championship, also known as the SBNC. From Jan. 11 to Jan. 13, players compete for a chance at a $2.5 million guaranteed prize pool with at least $1 million going to the winner. It is a $10,000 entry to compete, so we really will see the best of the best, which explains some of the familiar faces in attendance. DraftKings Sportsbook has been the leader in NJ sports betting, so it only seems fitting that they would hold the first-ever Sports Betting National Championship.
Poker legend Phil Hellmuth will be part of the event, along with several professional sports bettors including David Miller, Anthony Curtis and Frank Betti. According to DraftKings, the current field is at 228 entries as of this writing. John Avello, director of race and sports operations at DraftKings is not concerned since US sports betting is still fairly new and this is the first ever Sports Betting National Championship. The expectation is that the event will grow as the years go on, similar to the World Series of Poker Main Event, as poker great Phil Hellmuth could tell you.
Registration will be closed shortly before the NFL Divisional Round kicks off tomorrow, and the final betting will come to an end before kickoff between the Eagles and Saints at 4:25 pm EST on Sunday.
How Does The DraftKings Sports Betting National Championship Work?
The SBNC starts on Friday, Jan. 11 and ends Sunday, Jan. 13. Contestants buy for $10,000, $5,000 of which is their sports betting bankroll. You may bet on any sport you want for Friday and Saturday, but things are all NFL come Sunday, where betting is only allowed on the two Divisional Playoff Games. Meaning, Nick Foles and Drew Brees could be a big deciding factor in the first ever DraftKings Sports Betting Nationals Championship.
Players must bet a total of $1,000 by the end of betting on Saturday night, while then placing $2,000 in bets on Sunday’s NFL games. The leaderboard prizes are determined by who has the highest bankroll at the end of the tournament. All players also take home whatever funds they have for their bankroll. And of course, it is one entry allowed per player.
Where Is The DraftKings SBNC Happening?
DK built a DraftKings VIP Sportsbook Jersey City, NJ for the SBNC. It isn’t a traditional sportsbook, where one can place bets, but rather a place to host for the contestants and media on hand. It is definitely a nice touch by DraftKings.
For placing wages, contestants must use the DraftKings Sportsbook app. For this year, players must be located in New Jersey, but as US sports betting becomes legal across the country, we expect that to change. Players must place their bets in the state of NJ but are free to roam thereafter, whether it is under the bright lights of NYC or in the cozy confines of the DraftKings VIP Sportsbook.
Who Is Participating In The DraftKings SBNC?
There are currently 124 direct buy-ins for the SBNC. 92 contestants qualified way of the DraftKings DFS Qualifier and another 12 made it through a social contest or promotion.
Phil Hellmuth will be participating in the contest and fellow poker professional, Brandon Adams, says there is a strong chance he also joins the SBNC. Over the next few years, we expect a lot of celebrities to join in on the fun and for the chance to win $1 million.
We expect a lot of big things in the future from the SBNC and we will be sure to keep you updated as always on BonusSeeker.