DraftKings Acquires DraftStreet

rg misc headshots jason robins 1

Today we’ve witnessed one of the most historic days in the history of Daily Fantasy Sports. Hours ago CEO Jason Robins (pictured right) officially announced the acquisition of DraftStreet by DraftKings in the RotoGrinders Forums.

“Today, we are excited to announce that DraftKings has acquired DraftStreet, bringing together the two best products in daily fantasy. For the past several days, we have watched as many speculated, not just about whether the rumors were true but also about the reasons why. Let me be clear on one point – the one and only reason why DraftKings and DraftStreet are teaming up is that we believe we are a better company combined than separate.”

This comes fresh off the announcement of a DraftKings partnership with the WSOP, and demonstrates DraftKings continued drive to thrive in the Daily Fantasy industry. You can read the full DraftKings Acquisition of DraftStreet post in the RotoGrinders Forums.

The transformation process will happen quickly. A landing page is now live on DraftStreet.com that walks users through the steps of transferring their account over to DraftKings. All funds are 100% secure. Here is a video from the CEO’s of both companies:

Click To Watch Video

Many of the questions have been about user funds. DraftKings will be offering any new DK players a 100% deposit bonus on transferred funds, and we will also be offering that bonus again when you make a first deposit on DK. Players already playing on DK will be offered a 25% bonus on transferred funds if they have a DraftStreet account. If they don’t have a DraftStreet account, the user can still access make the 25% bonus available to themselves whenever they make their next deposit. If you are a DraftStreet or DraftKings user with any questions, DraftKings urges you to direct your questions to their Support Email.

Cameron of RotoGrinders recently spoke with DraftStreeet Co-Founder Mark “Markness” Nerenberg (pictured right) about the acquisition. Mark told us:

“It’s been an emotional past few weeks. It’s hard to let go of DraftStreet after everything we’ve all been through. The memories will last forever. That being said, working with the DraftKings team the past week or two has been encouraging. They have been pulling away in terms of overall product, but we feel it’s a perfect fit where their strengths are our weaknesses and vice versa. We’re very excited to see what we can do together.”

You can also read a statement by Mark on the Official DraftKings Acquiring DraftStreet Announcement post.

The other types of questions pouring in tend to revolve around Frequent Player Points valuation and transfer. Mark posted on RotoGrinders that “Street Creds will be converted to FPP’s at the best possible rate to customers, and we’ve applied the Street Cred reward to each customer, pro-rated for half a month.” – As for any taxation confusion, players will receive both a 1099 from DraftStreet (Skyllzone) and from DraftKings. A full FAQ was created on DraftKings’ website that answers many other user questions surrounding the merger.

While some players seem sad to see the DraftStreet brand go, others are just thankful for their time on the site. Ryan “BirdWings” Lynde personally posted that he’d “like to thank Mark and DraftStreet for everything they’ve done for the industry and having the sharpest and most dynamic game around. I haven’t had much of a bad word to say about DS in the three years I’ve played there. It’s truly been a pleasure doing business with them daily.”

The exact day-to-day logistics of DraftKings acquiring DraftStreet are still unclear, but we’re being told that the entire DraftStreet team will remain intact and will be working with the DraftKings team in the coming months. The aim is that the two teams can combine to produce the best possible Daily Fantasy Experience. DraftStreet’s current office will remain in New York City, while DraftKings is headquartered in Boston.

About the Author

  • Cameron MacMillan (Cameron)

  • Cameron MacMillan is an entrepreneur and angel investor, who co-founded RotoGrinders in 2010, alongside Cal Spears and Riley Bryant. Cameron operated as the COO, creating & implementing a multitude of business & content systems for the company over the course of 11 years, before Better Collective completed its acquisition of RG in 2021. In 2022, Cameron stepped back into an Advisory Role.

  • qnova34

    if dk adopts the DS pricing then this will be the best move in DFS history

    if not… gonna have to give the other sites not named FD a try. Hate to see the top notch competitive pricing probably flushed down the drain. I started on DK and just got so bored with it I tried all the other sites and found DS. Had a short, but good run there and hope that DK doesn’t botch this up too badly. If it does guess I’ll just cash out and wait for yahoo/espn to takeover

    Personally, I won’t be immediately pushing out any bankroll into cash games on DK until I see some changes. I’ll let it sit for a while but a withdrawal is imminent. Just because you took away DS doesn’t mean DS guys are going to just accept the subpar DK format.

  • RU18QT

    • Blogger of the Month

    this is bull crap . I personally liked the way rosters were set up on DS and the option of a relief pitcher. I also loved playing the survivor games. Hopefully DK will add them if they don’t already have them. (I haven’t played there in a while)

  • nvalencia30

    • x2

      2014 FAFC Finalist

    • 2015 FAWBC Finalist

    Is anyone from DK reading this? Look how one-sided the comments are. Running DS as-is would have been the best way to start this ‘merger.’ I started at DraftStreet in 2012 and haven’t played anywhere else. I never bothered to shop around because there was no need to. DS had amazing customer service, no late swap, the best scoring formats, most draft type variety, etc. Thank you, DS, for being the best DFS site in the industry.

  • Duncanonu

    This is awful news and bad Business. DraftKings is shooting themselves in the foot here. Draftstreet had a superior product and Draftkings is going to buy them and simply kill their product? I used this analogy on another site, but I will use it again. It’s like Pepsi buying Coke and shutting down the manufacturing of Coca Cola. It’s absurd. If Coca-Cola is no longer around, it isn’t going to make me drink Pepsi instead. I might just drink water until someone else comes along with a product I like. I understand that DK has said they will bring over snakes, and stuff, but I hear no mention of the Draftstreet salary structure (which blew away everyone in the industry) or NFL scoring system. The only way this makes any sense is if someone now swoops in and buys Draftkings and Draftstreet. Even in that event, it is a more profitable model having both separate pieces of the pie. I hope Draftkings is reading all we are saying, we aren’t happy about this.

  • 420Nickster

    I miss my DS boys from CHAT!!

  • pittsburghkid

    This so called “Merger” could very well backfire. And to sit there and pawn this off as a good thing for the industry and say it’s all about bringing the best of both worlds to the consumer is a joke. you must think your patrons are stupid and cant see right through this. I mean no disrepect but we the people have made you.

  • philtor

    I have never played on DK. I’ve only played on DS about 2 years. Loved the site. It’s entertainment for me $15-20/day player $100/$200 bankroll. Perhaps my opinion doesn’t matter. I transferred my DS acct $130 to DK yesterday b/c 100% bonus sounded good. But after looking at the site layout/offerings/scoring for baseball I withdrew my money immediately, not at all impressed. DS was superior in every way. I find it hard to believe a high % of players would feel DK is a better site. The scoring looked better on FD though I know a lot of people don’t seem to like that site either. I figure I’ll try FD & DD for a week or so maybe wean myself off DFS until football season. Good luck to everyone.

  • Privy

    • 2015 FanDuel MLB Playboy Mansion Finalist

    When I received my email stating the change it said if you have any questions just let us know. I did question if snakes will be brought to DK. I received a rather terse email telling me to be patient. Does DK even know what a customer is? We’ve off to a bad start.

  • ddmcd1974

    DK salaries suck but I like the app. I would also say FD is probably happy but so is SI.com. They now have a chance to step in and really take things to the next level. I’ll assume Si.com starting their DFS pushed this aquisition. I can’t understand why DK wouldn’t add the games DS had unless DS was losing funds which means the games will not be added to DK and DS wouldn’t have lasted much longer anyway.

  • Ross

    Privy- I think they answered that question in the forum thread. /threads/DraftKings_and_DraftStreet_J-336924

  • bradgoodyear

    Well those of us that have lives(no offense guys) and are not able to sit at our laptop/tablet/phone all night to make late swaps are at a distinct disadvantage on DK now. The reason I stopped playing DK long ago was the late swap feature, and that’s one of the reasons I liked DS. FD is fine, FF doesn’t have a big enough user base, you enter 10 multi-person contests and it’s the 8/10 guys are the same. You either win everything or lose everything.
    DK was decent in responding to me today, and was helpful with the financials. But I was left with a very vague answer in “Draftstreet features will be included in the future” when asked about not having late swapping. I find it very unlikely that I play there. I chose not to play at DK for a reason. They said that late swap is beneficial to all players. Well not me…

  • dtxd2

    Interesting article ….

    http://www.forbes.com/sites/darrenheitner/2014/07/15/will-draftkings-purchase-of-draftstreet-be-a-bust/

  • nprussell

    Doesn’t hurt my feelings at all. I’ve played there for years and have come out with one thing. Extremely difficult! It was a good solid site but Draft Kings is head and shoulders better than Street.

  • iconfantasyJoe

    That article hit the nail on the head. Love Nigel’s reaction, bc it’s a similar reaction many of us are having. Seeing how they treat the DS employees and the affiliates is something many of us will be watching closely.

  • Diggz11

    Wow, could not believe it when I got the email. Draftstreet is the only site I played on. I like the format, scoring…hell you guys already know. I spent 3 years trying to get good at it on that site and the way they score. Tried fanduel and did not like it. Got a feeling it will be the same with draft kings. Hope a draftstreet style knock off site shows up soon.

  • willm0110

    Very sad to see this, loved draftstreet over the rest, like the way their phone app showed starting players. I am not to fond of draftkings so I guess I will either play fanduel or wait and see. Their chat – the look everything is better then draftking, too bad it wasn’t the other way around

  • goblue111

    Man what a tragedy, and a travesty. DS was the only site that understood how to make a proper interface, every other site is painful on my eyes (literally). And the scoring/rosters was always so intuitive, complex, and smart. I always hated how on other sites, you couldn’t look at players from a single team all by themselves, such a fail, but on DS you could. Always smart and sophisticated.
    Good for them I guess, DS people can go buy a Porsche or something now.

  • philtor

    What is the late swap feature on DK bradgoodyear was referring to?

  • miamimike

    If DS is keeping their office running separate in new york, then why can’t they run as usual?

  • domination

    I only played DS, FD and DK but mostly on DS. With this move I will now just stick with FD.

    GL DK, I hope you lose buckets of money with your crappy GPPs, late swaps, and outrageous rake fees.

  • LagunaDude

    This is really a bummer. DS was the most interesting site with pick’ems, snakes and hilarious chat to go along with the standard contests. Their interface was also top-notch. DK may be the most generic, boring site out there. If DK doesn’t roll out some of these other games and integrate some of the DS features into their pitiful site then I think they will lose a lot of business. I haven’t been a huge fan of Fantasy Feud or DraftDay but I’m guessing they’ll be the biggest beneficiaries of this. If DK and FD roll everyone up we’re going to have no fun. Let’s start supporting the sites with variety and creativity.

  • Diggz11

    I have slept on it and am even more pissed about draftstreet selling out to draftkings. I did get some good customer service from draftkings but DS was the ONLY site I played on. Now I am being forced to go to draftkings. I also read the DS staff had 2 options. Neither were good. Forbes has the article. It’s linked in this forum. RIP DS.

  • jjadamietz

    it seems overwhelmingly in opposition to the acquisition. I have to pile on. DK is not a site I liked very much. Everything from cap numbers to scoring to lineups that can contain too many players from one team. DS had DK beat in everyway. Pick’em and snake drafts were a nice feature. I would even say starstreet has DK beat. Very sad to see DS go away.

  • jjadamietz

    @philtor The late swap feature allows you to change players all the way up to the start of the game they play in rather then your whole lineup locking when the first game on the schedule starts. It is a feature I do not like . the cap numbers still have to work out but it can allow a lot of tactics I don’t like. For example If you are trailing an opponent and they can dissect your lineup and figure out who you have left to play they can swap in that player blocking you from gaining on them. You will get people that will argue it saves you from taking a zero if a stud is a surprise scratch but IMO the late swap hurts more then it helps

  • jczecho2

    Hate that draftstreet is gone for mlb. Draft kings and fanduel blow

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