Disclosed are an organic light emitting display device and a method of driving the same. The organic light emitting display device includes a display panel including a plurality of pixels including a pixel circuit for emitting light from an organic light emitting diode and a driving circuit unit driving the display panel. The driving method includes sensing a characteristic of a driving TFT of each of the pixels of the display panel to generate sensing data according to a user's setting using an input device, at a predetermined compensation driving time, or when an error occurs in sensing data generated by real-time sensing of each pixel of the display panel, and compensating for the characteristic of the driving TFT of each pixel by using the sensing data.