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  • vkzfounder

    Hello fellow Grinders,

    After extensive review of the series of resources referenced below I have come to the following painful conclusion.

    The DFS sites need to suspend NFL and NCAA contests immediately (I hate the thought of this).

    Right now, both leagues are undoubtedly experiencing a nice surge in TV ratings that some would argue is a direct result of DFS.

    Kill these contests (especially the NFL) and the immediate dip in TV ratings and waning public interest (Social Media twitter, facebook) the Networks will begin to apply pressure on the NFL and NCAA to abandon their anti-gambling stances.

    Why is this the most important domino to fall? Aside from the NFL being the most successful sports league they
    are really the only major league standing in the way of the legalization of sports betting across the USA.

    DFS needs to hedge its bets so that in the event that it identified as an evil step brother of Gambling instead of a distant cousin it will still be well positioned to continue.

    The seven DFS battlefronts I propose are as follows:

    1. Continue to support of UIGEA “Game of Skill” legislation because IT IS.

    2. Support the PPA (Poker Player Alliance) “Legalization of online poker” because IT IS also skills based.

    3. Support legalization of nation wide sports betting (garner State and Public support)

    4. Support compensation of NCAA athletes (Supports the legalization of sports betting)

    5. Support regulation of the DFS industry (Bureaucracy sucks a$$ but the DFS industry has dropped the ball once too many times which is why i stopped publishing my own DFS results a while back).

    6. Boycott any organization or bias media outlets (Vegas Sands Casinos & NY Times comes to mind) that have campaigned against the industry on behalf of their self-interest).

    7. Lobby against any politician and commission that opposes DFS and/or sports gambling legalization

    I am confident and hopeful that the far more superior Game Theorists and Strategist on this site could greatly expand upon these strategies.

    Yes there is great risk involved in the approaches listed but many of the States are starving for tax revenue so the only opposition may come from the old money Las Vegas power brokers.

    Resources:

    Sports Betting:
    http://triblive.com/sports/nationworldsports/8532839-74/sports-betting-gambling

    http://espn.go.com/chalk/story/_/id/12251828/gambling-issue-charles-barkley-five-voices-debating-sports-gambling-

    NFL Stance:
    https://sports.vice.com/en_us/article/the-shield-stands-alone-why-does-the-nfl-hate-sports-gambling

    NFL TV
    http://www.businessinsider.com/these-6-corporations-control-90-of-the-media-in-america-2012-6

    http://www.foxbusiness.com/industries/2015/07/21/tv-deals-boost-nfl-revenue-to-new-record/

    NCAA

    http://www.mercurynews.com/crime-courts/ci_28899921/ncaa-loses-legal-fight-against-former-college-athletes

    Just my two cents…thanks for your consideration.

  • PJGuin23

    DFS Tax Guru

    @vkzfounder said...

    Hello fellow Grinders,

    After extensive review of the series of resources referenced below I have come to the following painful conclusion.

    The DFS sites need to suspend NFL and NCAA contests immediately (I hate the thought of this).

    Right now, both leagues are undoubtedly experiencing a nice surge in TV ratings that some would argue is a direct result of DFS.

    Kill these contests (especially the NFL) and the immediate dip in TV ratings and waning public interest (Social Media twitter, facebook) the Networks will begin to apply pressure on the NFL and NCAA to abandon their anti-gambling stances.

    Why is this the most important domino to fall? Aside from the NFL being the most successful sports league they
    are really the only major league standing in the way of the legalization of sports betting across the USA.

    DFS needs to hedge its bets so that in the event that it identified as an evil step brother of Gambling instead of a distant cousin it will still be well positioned to continue.

    The seven DFS battlefronts I propose are as follows:

    1. Continue to support of UIGEA “Game of Skill” legislation because IT IS.

    2. Support the PPA (Poker Player Alliance) “Legalization of online poker” because IT IS also skills based.

    3. Support legalization of nation wide sports betting (garner State and Public support)

    4. Support compensation of NCAA athletes (Supports the legalization of sports betting)

    5. Support regulation of the DFS industry (Bureaucracy sucks a$$ but the DFS industry has dropped the ball once too many times which is why i stopped publishing my own DFS results a while back).

    6. Boycott any organization or bias media outlets (Vegas Sands Casinos & NY Times comes to mind) that have campaigned against the industry on behalf of their self-interest).

    7. Lobby against any politician and commission that opposes DFS and/or sports gambling legalization

    I am confident and hopeful that the far more superior Game Theorists and Strategist on this site could greatly expand upon these strategies.

    Yes there is great risk involved in the approaches listed but many of the States are starving for tax revenue so the only opposition may come from the old money Las Vegas power brokers.

    Resources:

    Sports Betting:
    http://triblive.com/sports/nationworldsports/8532839-74/sports-betting-gambling

    http://espn.go.com/chalk/story/_/id/12251828/gambling-issue-charles-barkley-five-voices-debating-sports-gambling-

    NFL Stance:
    https://sports.vice.com/en_us/article/the-shield-stands-alone-why-does-the-nfl-hate-sports-gambling

    NFL TV
    http://www.businessinsider.com/these-6-corporations-control-90-of-the-media-in-america-2012-6

    http://www.foxbusiness.com/industries/2015/07/21/tv-deals-boost-nfl-revenue-to-new-record/

    NCAA

    http://www.mercurynews.com/crime-courts/ci_28899921/ncaa-loses-legal-fight-against-former-college-athletes

    Just my two cents…thanks for your consideration.

    Agree with all of this. Not a Poker Player myself but have followed them on Facebook and Twitter. We need them as allies and lessons learned, not as adversaries. I understand the political ramifications of not doing so. The opposition to gambling is united: “IT’S GAMBLING, IT’S IMMORAL, IT’S WRONG!!!!!”

    They have a simpler, more effective message while DFS and poker sometimes have animosity towards each other and want to disassociate. The opposition either wants to protect their brick and mortars or are Baptists/Evangelicals, etc. They don’t care about skill level, they want DFS, poker and all forms GONE!

  • vkzfounder

    @PJGuin23 said...

    They have a simpler, more effective message while DFS and poker sometimes have animosity towards each other and want to disassociate. The opposition either wants to protect their brick and mortars or are Baptists/Evangelicals, etc. They don’t care about skill level, they want DFS, poker and all forms GONE!

    PJG23 – I agree with you 100%. The best thing that DFS has going for it is that the revenue opportunity (inc. Taxes) far exceeds anything legalization of online poker could generate. DK & FD have essentially proved out the business case. Hopefully these companies can issue an IPO in 2016 and get the power bankers on their side.

    DFS doesn’t necessarily need the Casino or poker industry to thrive. Vegas knows that sports betting is their own private ATM and is too short sighted to see the potential in DFS.

    When it comes to Casino operator opposition it is strictly about supporting the B&M’s. If that weren’t the case, wouldn’t they have made a substantial commitment (direct or indirect) to the DFS industry considering the lax laws and regulation?

    It’s hard to say what the rake will be once a regulation layer is added to DFS but I believe that the industry will win the war (unlike Poker up to this point).

  • divusjulius

    • Blogger of the Month

  • walterg55

    A good start would be replacing the current management teams of some of the major DFS sites who sat back and either thru inaction or greed or incompetence allowed a number of easily addressable issues to fester or provide the appearance of wrongdoing to give the momentum for those eniminical to DFS to act.

  • vkzfounder

    @walterg55 said...

    inaction or greed or incompetence

    The lack of foresight does raise legitimate questions that have me wondering if an even larger scandal may be looming. Given the lack of Governance thus far there’s just too much potential for a really smart individual to do something really stupid.

  • vkzfounder

    After reviewing the VC backer (via legalsportsreport.com) and as long as DK & FD are not found to be colluding, washing money, or co-mingling funds I can see DFS prevailing sooner than later. There is just too much money at stake for these casino puppet politicians to derail this industry.

    DK investors include Redpoint Ventures, GGV Capital, BDS Ventures, Atlas Ventures, Major League Baseball, National Hockey League, Madison Square Garden Company, Kraft Group, and the Raine Group.

    FD investors include KKR, Google Capital, Time Warner, NBC Sports Ventures, Comcast Ventures, Shamrock Capital.

    http://www.legalsportsreport.com/dfs-investment-and-acquisition-tracker/

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