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  • JRobs

    DraftKings CEO

    DraftKings and DraftStreet Join Forces

    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. Yes, userbase and liquidity will grow, but more importantly we are bringing together two great teams that will work hard to infuse everything you love about DraftStreet and DraftKings into one incredible experience. Please remember, of course, that this cannot happen overnight. Things like snake drafts, pick’ems, and an improved loyalty program as well as new sports like soccer are in the future plans, but these take time to create and will need to be prioritized along with the rest of the features we are working on. But rest assured that the plan is to bring all the great elements of DraftStreet over to DraftKings so we can deliver to you the most amazing experience in daily fantasy sports.

    Later tonight, we will be launching a process on DraftStreet.com by which you can migrate your account over to DraftKings. Once that is live, you will be able to access all of your funds immediately using this process, including withdrawals. Between now and then, please be patient with us while we get this up and running. As part of this launch, we 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 your first deposit on DK. For players who are already on DK, we will be offering you a 25% bonus on transferred funds if you have a DraftStreet account. If you don’t have a DraftStreet account, we will still make the 25% bonus available to you whenever you make your next deposit. Be on the lookout for an email with instructions on how to redeem it. If for some reason you don’t receive that email, just send a note to support@draftkings.com and we will send you a link to redeem the bonus.

    As always, if you have questions about your account, please contact support@draftkings.com. If questions are posted here, we will do our best to answer them, but please use the standard support channel for fastest response. The customer experience team will be working overtime all week in order to help respond as immediately as possible to any inquiries.

    In closing, I want to thank all of our loyal DK players and also welcome all the new DraftStreet players to DraftKings. Our work is never done when it comes to bringing you the best possible experience in daily fantasy sports, and joining forces with DraftStreet today is another huge step in that direction.

    - Jason

  • pokerrob1970

    DraftDay BLB Finalist

    @thinair said…

    The street cred conversion to FPP credit’s is simply NOT fair to Draftstreet user’s. The FPP store is vastly inferior to the DS street cred store. You cannot buy voucher’s into any league. I’m a cash game player primarily, what am I supposed to spend my street credits on? So I just lost out on nearly $200 worth of street cred’s that I had been saving up on that I’m now forced to use for GPP’s or wait however many years it takes them to offer better options on.

    This is why the DS loyalty program was so far superior to the DK loyalty program. You could use your street cred’s for whatever you wanted and you got a discount if you bought higher level entries.

    I’ll say it again. I really hope DK learns a thing or two from the superior management team at Draftstreet that understands how loyalty program’s work and about customer service.

    We like being rewarded for playing higher volume and we like to actually be able to recoup those rewards into something tangible, which for me equals vouchers to 50/50 contests that I know I have a good chance of cashing in. Or merchandise is good for some(I think you can buy a t-shirt in the FPP store, but that’s about it)

    Its funny to me to read all these comments from people wanting DK to be just like DS. All the little things DS did was the reason they were going under. Why in the world would DK want to follow that model.

  • The1WhoKnocks

    DS closing doesn’t mean they did everything poorly.

    It also doesn’t mean that DK does everything better than DS.

    The best outcome for us is for the existing DK decision-makers and the incoming DS ones to share ideas, collaborate, and use the best of both worlds.

  • reztes757

    2013 DD BLB Finalist (x2)

    • 203

      RG Overall Ranking

    @thinair said…

    The street cred conversion to FPP credit’s is simply NOT fair to Draftstreet user’s. The FPP store is vastly inferior to the DS street cred store. You cannot buy voucher’s into any league. I’m a cash game player primarily, what am I supposed to spend my street credits on? So I just lost out on nearly $200 worth of street cred’s that I had been saving up on that I’m now forced to use for GPP’s or wait however many years it takes them to offer better options on.

    This is why the DS loyalty program was so far superior to the DK loyalty program. You could use your street cred’s for whatever you wanted and you got a discount if you bought higher level entries.

    I’ll say it again. I really hope DK learns a thing or two from the superior management team at Draftstreet that understands how loyalty program’s work and about customer service.

    We like being rewarded for playing higher volume and we like to actually be able to recoup those rewards into something tangible, which for me equals vouchers to 50/50 contests that I know I have a good chance of cashing in. Or merchandise is good for some(I think you can buy a t-shirt in the FPP store, but that’s about it)

    I bet if you email them they will give you vouchers to 50/50 or whatever it is you want.

    Why do people think DK has bad customer service? Sometimes they reply to my emails before I even send them.

    I bet you couldn’t get a trip to space on DS.

  • The1WhoKnocks

    @reztes757 said…

    I bet if you email them they will give you vouchers to 50/50 or whatever it is you want.

    Why do people think DK has bad customer service? Sometimes they reply to my emails before I even send them.

    I bet you couldn’t get a trip to space on DS.

    I wonder this too.

    I have always had exceptional CS on FD, DS, DK, DD, SS, even FTD. The DFS customer service has been outstanding compared to some other companies and industries. . .

  • thinair

    @reztes757 said…

    I bet if you email them they will give you vouchers to 50/50 or whatever it is you want.

    Why do people think DK has bad customer service? Sometimes they reply to my emails before I even send them.

    I bet you couldn’t get a trip to space on DS.

    I did. I asked for DK credit’s to use in whatever league I wanted, the same as I would have gotten had I converted my DS street creds into voucher’s before the acquisition. They would not budge, I’m stuck with the FPP’s now and will simply have to wait until they provide better FPP options to purchase.

    I’m not saying DK should turn into DS at all. I’m just saying in this certain instance I would rather have my accrued value in DS creds converted to something I can use, something I have roughly equal value in. It’s a unique situation.

  • HardCore

    The only thing i like about DK is there mlb unless they bring back snakes I WONT GO NEAR THEM FOR NBA/NFL i’ll be taking all my action to FD until mlb comes back next summer cause lets face it Fd has the worst mlb in the industry by a lot. DK brings back snakes for NFL they will get alotta action from me im talking anywhere from a 100-200 snakes a week but if not i will be on FD. You cant just buy DS and expect me to give you my business.

    EVERYBODY knew about DK before they bought DS if we didnt like your site then we damn sure wont like it now . Outside of mlb which kings does the best imo I wont touch there site its all about snakes on DS and big volume on FD but with out my snakes after mlb im FD only…I cant be the only DS user that feels this way.

    YOU CAN BY DS BUT YOU CANT BUY ME

  • fresh56

    I think the best thing dk can do going forward is to offer a expert section( kinda of like how they have for beginners) with ds salaries and rosters. And improve their reward program.

  • slappyw

    The DraftKings site sucks compared to DraftStreet — why did you just immediately junk it? Stupid move.

  • Shaunin425

    Although I don’t use the chat a lot, I think putting up a chat would be a good idea, especially for those that are new.

  • Sol88

    @fresh56 said…

    I think the best thing dk can do going forward is to offer a expert section( kinda of like how they have for beginners) with ds salaries and rosters. And improve their reward program.

    Serious question: if there’s an expert mode it’s going to be primarily composed of sharper players who are comfortable with harder prices. Why would I willingly enter a contest where I’d be playing a more skilled group of users? My goal is to make money, how would playing better users make me more money?

  • Sprizouse

    Maybe Philip Rivers will give me all of his DS creds for that fantastic debacle.

    See ya in the next (VC) life holm0.

  • Putz

    @Sol88 said…

    Serious question: if there’s an expert mode it’s going to be primarily composed of sharper players who are comfortable with harder prices. Why would I willingly enter a contest where I’d be playing a more skilled group of users? My goal is to make money, how would playing better users make me more money?

    If you create a more strict salary structure for the entire site, similar to DS, aren’t you effectively doing that anyway?

  • MTro86

    RG Writer

    This kinda feels like the Sunday after Game of Thrones ended I still tuned into HBO just in case I missed an extra episode or something or maybe if I pushed the button on my remote hard enough….

    Anyway, I’m still hesitant to delete all the DS columns on my spreadsheets just in case.

  • Sol88

    @Putz said…

    If you create a more strict salary structure for the entire site, similar to DS, aren’t you effectively doing that anyway?

    I didn’t know they were making it more strict/harder, just more accurate. Isn’t there a difference there?

  • Priptonite

    • Blogger of the Month

    @Putz said…

    If you create a more strict salary structure for the entire site, similar to DS, aren’t you effectively doing that anyway?

    People don’t have a choice in that case. He’s thinking that only the sharper players would join the expert games.

  • kaetorade

    • 2013 DraftStreet DSBBC Finalist

    @Priptonite said…

    People don’t have a choice in that case. He’s thinking that only the sharper players would join the expert games.

    The better players join leagues where they’re more likely to profit.

  • The1WhoKnocks

    +1 to DK adding a chatbox please

  • fresh56

    uh maybe i should have said a ds section and instead of expert section.

    My point still stands though they should make two different sections. Because i dont see dk makings things more “accurate” as they like to put it pleasing anybody.

  • iwrestle

    FF ———-> Great for CFB, rosters about the same as DS and a great layout, so………..everyone go sign up for FF and let’s get some great action over there.

  • dandcglenn

    I’m gonna wear my DS hoodie this fall.

    Kinda bummed. Now I have to either quit or try to learn the nuances of another site.

    Thanks to Mark and all the guys at Draft$treet, It was a fun couple of years.

  • pootnami

    Couldn’t agree more. I don’t want DK to change a thing.

  • Taterchipdip

    Well I have always felt that one day DK would be bigger than even Fan Duel. Looks like they are heading closer to that.

    The thing that puzzles me is if the DFS industry is growing and doing so well, then why all of the mergers? First we had Daily Joust, then DraftDay now Draftstreet gets swallowed up. You would think if there is a huge interest in the industry then there would be more sites with a huge player base, not less. The world is a big place.

  • Cal

    RG CoFounder & Admin

    • 515

      RG Overall Ranking

    • $1M Prize Winner

    • x4

      2015 DraftKings FFWC Finalist

    The industry is growing quickly but at this stage it’s still fueled by investment capital. FD and DK raising the most capital and spending the most on acquisition make it difficult for direct competitors to keep up – they need to be able to raise huge sums of money and willing to give up large percentages of their business, which is difficult.

    Some sites are drafting and not spending much on acquisition, some sites are trying to raise substantial money to make a run, and a lot of new sites are focusing on alternative and mobile first game formats.

  • Hatorade

    Porn 'Stache --- FanDuel Sunday Million (1st for $200,000)

    • 2014 FanDuel WFFC Finalist

    • 2013 StarStreet NFL Playboy Mansion Finalist

    With the lull in DFS action during the ASB it was probably the easiest time that DK could make the transition and precipitated the hasty move. Why keep DS open if all they need to do is offer a “Street” or “Street Style” format on their site to fill the void of players looking for sharper pricing/deeper lineups.

  • AveryBradley

    @Hatorade said…

    With the lull in DFS action during the ASB it was probably the easiest time that DK could make the transition and precipitated the hasty move. Why keep DS open if all they need to do is offer a “Street” or “Street Style” format on their site to fill the void of players looking for sharper pricing/deeper lineups.

    Doubt you see any Street style anything on DK for a little while until liquidity improves. Then their offerings will expand but until then my guess is the additions/changes will be minor.

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