How to Cancel DraftKings in 2026 (Close Account + Withdraw Funds)

Whether you're done with sports betting, managing spending, or practicing responsible gambling — here's how to close your DraftKings account, withdraw your money, and understand your options including self-exclusion.

Step 1: Withdraw Your Balance

1. Open DraftKings → tap your profile
2. Go to Wallet → Withdraw
3. Choose your withdrawal method (bank transfer, PayPal, VIP Preferred)
4. Enter the amount (withdraw everything)
5. Withdrawals take 2-5 business days
6. Wait for the withdrawal to complete before closing your account

Step 2: Close Your Account

1. Go to draftkings.com/account
2. Navigate to Settings
3. Scroll down to Close Account
4. Select a reason
5. Confirm closure

If you can't find the option online, contact DraftKings support:

• Live chat at draftkings.com/help
• Email: support@draftkings.com

Option: Self-Exclusion (Responsible Gambling)

If you're closing because of problem gambling, self-exclusion is a stronger option:

• DraftKings self-exclusion: Settings → Responsible Gaming → Self-Exclude
• Choose a period: 1 year, 3 years, 5 years, or permanent
• Once self-excluded, you cannot reopen your account during the exclusion period
• This also blocks you from creating new DraftKings accounts
• State self-exclusion: Most states with legal gambling have a statewide registry that blocks you from ALL sportsbooks, not just DraftKings

Close vs Self-Exclude — What's the Difference?

• Close Account: Your account is deactivated. You can contact support to reopen it later. No permanent block.
• Self-Exclude: Your account is locked for the chosen period. Cannot be reversed. Prevents impulse re-signup.

If you're closing for financial reasons or gambling concerns, self-exclusion is the responsible choice — it removes the temptation to come back.

Tax Implications

Before closing your account:

• Download your tax documents — DraftKings issues W-2G forms for winnings over $600
• You can also access year-end tax summaries in your account
• Gambling winnings are taxable income — the IRS knows about them
• Gambling losses can offset winnings (but only up to the amount you won) — keep records
• Download all transaction history before closing

Pending Bets and Contests

• Open bets: Will be settled normally. Wait for them to resolve before closing.
• DFS contests: Active contest entries will play out. Wait for contest completion.
• Pending withdrawals: Wait for withdrawal to hit your bank before closing.

Problem Gambling Resources

• National Council on Problem Gambling: Call/text 1-800-522-4700 (24/7)
• Gamblers Anonymous: gamblersanonymous.org
• SAMHSA Helpline: 1-800-662-4357 (free, confidential, 24/7)