Understanding DraftKings Ownership Percentage and Its Impact

DraftKings ownership percentage is a crucial aspect of fantasy sports, especially for daily fantasy sports (DFS) players. This percentage represents the number of lineups that include a particular player out of all possible lineups.

In a standard 9-player lineup, a 20% ownership percentage means 1 in 5 lineups will have this player. This can significantly impact a player's value and scoring potential.

A high ownership percentage can lead to a player being overvalued and potentially resulting in a lower-than-expected score. Conversely, a low ownership percentage can make a player a sleeper pick and increase their value in a lineup.

Understanding ownership percentage is essential for DFS players to make informed decisions and gain a competitive edge.

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In DFS, ownership percentage is a crucial factor to consider when building a lineup. Over 92% of top 20 lineups had at least one player under 5% owned.

WRs are the most commonly used players in lineups with low ownership, with about 70% of top 20 lineups using a WR under 5% owned.

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Using a RB over 20% owned is relatively safe, with 64% of top 20 lineups using a RB over 20% owned. However, this number drops to 37% for RBs over 30% owned.

On the other hand, using a QB over 20% owned is a less common strategy, with only 8% of top 20 lineups using a QB over 20% owned.

The average ownership percentage for top 20 lineups is 12.8%. If your lineup is significantly over or under this average, it may be worth considering replacing some players.

Here's a breakdown of the average ownership percentages for different positions:

Over 92% of top 20 lineups had at least one player under 5% owned, with WRs making up about 70% of these lineups.

It's surprising to see how many under-owned players can be found in top lineups, making them a great target for your own lineup.

A whopping 89% of top 20 lineups used at least one player over 20% owned, with 44% using a player over 30% owned.

This suggests that popular players are a common feature in top lineups, but be careful not to overdo it.

RBs seem to be safer to use up to about a 32% ownership before they start to have diminishing returns.

In fact, 64% of top 20 lineups used a RB that was over 20% owned, and 37% used a RB over 30% owned.

If you find that your lineup is significantly over or under the average ownership percentage of 12.8%, it may be worth considering some changes.

The fact that only 8% used a QB over 20% owned suggests that highly owned QBs, TEs, and DSTs may be worth avoiding.

Here's a breakdown of the average ownership percentage by position:

Institutional investors have a significant stake in DraftKings, with more than half the issued stock owned by institutional investors.

The Vanguard Group, Inc. is the largest shareholder with 8.7% of shares outstanding.

Hedge funds don't have a meaningful investment in DraftKings.

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The top 21 shareholders control 50% of the ownership, meaning no single shareholder has a majority interest.

Jason Robins, the CEO, has 0.7% of the shares allocated to their name.

Looking at the shareholder registry shows that multiple institutions have a stake in DraftKings, which implies analysts have looked at the stock and like it.

In DFS, ownership percentage is a crucial factor to consider when building your lineup. High ownership means a player is popular among fantasy managers.

Over 92% of top 20 lineups had at least 1 player under 5% owned, with about 70% of lineups using a WR that was under 5% owned.

WRs with low ownership can be a great way to get an edge in your lineup. This is because they are less likely to be owned by other players, making them more unique and potentially valuable.

WRs over 25% owned may have a lower top placement occurrence.

RBs, on the other hand, seem safer to use up to about a 32% ownership before they start to have diminishing returns. 64% of top 20 lineups used a RB that was over 20% owned, and 37% used a RB over 30% owned.

The average ownership percentage of the entire lineup for top 20 lineups was 12.8%. If your lineup is significantly over or under this average percentage, you may want to consider replacing some players.

It's also worth noting that using a QB over 20% owned is relatively rare, with only 8% of top 20 lineups doing so. This could be a good rule of thumb to follow when building your lineup.

Here's a breakdown of the ownership percentages for different positions:

This table illustrates the varying ownership percentages for different positions. Keep in mind that these numbers are based on top 20 lineups and may not reflect the overall ownership percentages for all players.

Balancing your lineup is crucial, and finding reliable performers is just as important as seeking low-ownership players.

You don't need to pick the highest-owned stars, but rather consistent players who offer a solid floor.

A stable base of points can keep you competitive if your contrarian picks don't pan out.

Finding reliable performers means looking beyond the stars and focusing on players with a consistent track record.

This strategy can help you avoid being too dependent on a single player's performance.

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In DFS, having a solid strategy is key to success. This involves identifying the right ownership percentage to target.

Aim to target players with an ownership percentage between 5-15% to maximize your chances of scoring big. This range offers a good balance between risk and reward.

Players with high ownership percentages, above 20%, are often overvalued and should be avoided. As seen in the data, a 25% owned player averaged only 1.5 points above their projected score.

On the other hand, players with extremely low ownership percentages, below 5%, can be a great contrarian play. These players often fly under the radar but have a high ceiling for scoring.

In the article, we saw that a 3% owned player averaged 2.5 points above their projected score, making them a great target for contrarian players.