Pats7914's Daily Fantasy Profile

Post Count:	832
Member Since:	November 17th, 2014
Last Visit:	June 16th, 2021

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Recent Forum Posts

• RotoGrinders Official DFS Accounting 2020-2021 Tax Q&A Thread

  Just FYI for this thread. If the IRS audits you treating the whole gambling year as a session has ~0 chance of holding up. If DFS incomes is now considered gambling income the same will hold true for DFS, you would need to count your gross wins and deduc... Read More

  by Pats7914 (Pats7914) Apr 8th

• The 2020 Masters (PGA)

  Website posted a jimmy walker par, think it started just all the tracking/scoreboard not working. We can get an update when the tv broadcast starts in a few hours. Read More

  by Pats7914 (Pats7914) Nov 12th, 2020

• Travelers Championship (PGA)

  You sound like an idiot. Read More

  +6

  by Pats7914 (Pats7914) Jun 24th, 2020

• DFS in New York in Jeopardy....Again

  They aren't going to pull the plug in NY while they appeal, there is no reason too, but they are close to 100% to pull the plug if they lose appeals. DFS is actually a huge money loser for DraftKings, the value of the site is tied up in sports gambling, t... Read More

  by Pats7914 (Pats7914) Feb 10th, 2020

• DFS in New York in Jeopardy....Again

  Might be missing something, but not sure why the industry/legislature dont start the process of trying to amend the state constitution now given the reasonably likely chance that they are going to eventually lose the case and the likely length of time it t... Read More

  +1

  by Pats7914 (Pats7914) Feb 7th, 2020

• RotoGrinders Official DFS Accounting Tax Q&A Thread

  Gambling winnings reported as income, losses deducted if you itemize re: gambling question above Read More

  by Pats7914 (Pats7914) Jan 8th, 2020

• StakeKings: Entertainment or Investment?

  I know how markup works. On stakekings the 10% fee is built into the number, so you would be charging 1.15-1.19. This service doesn't really work for DFS with a 10% fee for escrow because of the excessive rake charged by the DFS sites. In the not so dis... Read More

  by Pats7914 (Pats7914) Jul 16th, 2019

• StakeKings: Entertainment or Investment?

  The 10 percent I’m referencing is the stakekings take. You would lose money at 1.08. Read More

  by Pats7914 (Pats7914) Jul 16th, 2019

• DraftKings Community: what would you like to know?

  Nah, DFS is a mature space, it isnt the future. DFS is growing low single digits per year, which is pretty stagnant. '18 numbers in regulated states were low single digit growth, and that is with the boost from SD slate expansion ( which were a nice innov... Read More

  by Pats7914 (Pats7914) Jul 15th, 2019

• StakeKings: Entertainment or Investment?

  There is nothing wrong with the concept, but It is basically a tax on idiots at the common markup levels. The core problem is more the disgusting 10% markup charged but the site than the actual "pros" (in quotes because to be a pro you have to win money,... Read More

  +2

  by Pats7914 (Pats7914) Jul 15th, 2019

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