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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

    @britdevine said…

    Please don’t change to the DS system.

    Super strict pricing makes it too tough on new players, please don’t change the current structure at DK. If you implement the DS style, please offer it separately.

    There is a reason DK Bought DS, not the other way around. The salary system on DK is currently great for both new/seasoned users..it’s not broke, please don’t try to fix it.

    100% agree. Doing that might drive current DK players to FD.

    This is gonna be a shit show if they try to please both customer bases. That usually ends up just pissing everyone off.

  • fightingjohn

    Maybe there is an opt-out clause :)

  • jimfred82

    • Blogger of the Month

    sad to see DS go. I was flat out terrible there during NBA last year, but that had nothing to do with the site itself. Definitely will be missed.

    that being said, DK is doing a lot of things here that they don’t necessarily have to do, like not only carrying over pending bonuses but also converting the points. i wasn’t planning on playing there too much this upcoming NFL season but now I probably will.

  • misfit

    @fadein34 said…

    Unfortunately that is SOP for most, if not all, business. Doesn’t make it right and i don’t think it’s cool at all.

    Why do the site insist on doing things this way. They simply could have told us the truth and allowed us to make the call on whether we wanted our funds transfered or not.
    Now what happens to all the tickets i had?
    Do I lose that money?
    How does any of this make me want to play at DK?
    Sick of losing my points and cash in these site transfers. Be friggin honest about the situations so the users can do as they need to so they do not lose out in these deals as ALWAYS HAPPENS!

    EDIT… Ok I read that they are transfering vouchers. Thats better then nothing I guess.
    If i wanted to play that cash at DK I would not have acquired them at DK though.
    Would much rather just have the cash since i didnt win them at DK.

  • Putz

    @pokerrob1970 said…

    100% agree. Doing that might drive current DK players to FD.

    This is gonna be a shit show if they try to please both customer bases. That usually ends up just pissing everyone off.

    Spot on. Options are great for the industry. There is a reason DK had more volume.

  • mkennedy2121

    @misfit said…

    Why do the site insist on doing things this way. They simply could have told us the truth and allowed us to make the call on whether we wanted our funds transfered or not.
    Now what happens to all the tickets i had?
    Do I lose that money?
    How does any of this make me want to play at DK?
    Sick of losing my points and cash in these site transfers. Be friggin honest about the situations so the users can do as they need to so they do not lose out in these deals as ALWAYS HAPPENS!

    Obscure question here but are you same Misfit that runs MMACRYPT?

  • jimmyrad

    @britdevine said…

    Please don’t change to the DS system.

    Super strict pricing makes it too tough on new players, please don’t change the current structure at DK. If you implement the DS style, please offer it separately.

    There is a reason DK Bought DS, not the other way around. The salary system on DK is currently great for both new/seasoned users..it’s not broke, please don’t try to fix it.

    +1 I like DK just fine the way it is, though the addition of pick em and maybe the draft games would be cool, and hopefully bigger GPP’s and more cash action. Tweaks and improvements, great, just don’t totally overhaul a great system.

    I’ll roll with whatever

  • JMToWin

    • x2

      2014 DraftKings FBWC Finalist

    • 2016 FanDuel WFBC Finalist

    DraftStreet was awesome.

    DraftKings is awesome.

    I’m interested to see how this all plays out, but my money is on them figuring things out in a manner that makes most people happy. Universal approval is impossible, but I think most people will be satisfied by whatever DK ends up coming up with.

  • FatalError

    DraftKings Rep

    @Putz said…

    Why change the salary algorithms? They were not broken on DK

    For 2 years we’ve been working on making salaries fun and engaging, not too easy, not too hard. We’ll continue working on them as a combined team with that goal in mind. And we’ll be implementing everyone’s feedback in the process.

    I didn’t mean to imply that we are going to adopt DS salaries on DK, just that through the DS team we’ll be able to focus on achieving our goals for them.

  • impurityz

    Sorry if I missed this at all..

    skyllzone is still going to do its thing this year right?

  • jecarl2

    I got the e-mail to merge my account, its not working. Im getting an error message

  • impurityz

    @dkpaul said…

    DraftKings Will send a 1099 for $10K, but we’ll also combine all of the cumulative net winnings from DraftStreet and DraftKings and let you know that the combined sum is $8k. You should be able to work with your tax professional to make sure you’re only paying taxes on your $8k. Note, I am not a tax professional, so this should not constitute tax advice.

    Wont this cause an issue with people not going the Sched C route? The 2k in losses will not be netted with the 10k on the 1099? Suppose I lost 10k on DS and won 20k on DK… now I will be getting a 1099 for 20k and just a sheet to show my net cumulative earnings?

  • boc4life

    @britdevine said…

    Please don’t change to the DS system.

    Super strict pricing makes it too tough on new players, please don’t change the current structure at DK. If you implement the DS style, please offer it separately.

    There is a reason DK Bought DS, not the other way around. The salary system on DK is currently great for both new/seasoned users..it’s not broke, please don’t try to fix it.

    I never bought into the line of thinking that DS pricing made the game more skillful.

    The more dynamic and efficient the pricing model is, the flatter the playing field should be. With more stable pricing, such as on DK, there are more pricing inefficiencies for a skilled player to take advantage of.

    DS baseball did have bigger rosters, which indeed was a benefit to better players and tougher on weak players.

  • jecarl2

    @jimmyrad said…

    +1 I like DK just fine the way it is, though the addition of pick em and maybe the draft games would be cool, and hopefully bigger GPP’s and more cash action. Tweaks and improvements, great, just don’t totally overhaul a great system.

    I’ll roll with whatever

    I would like to see the DS pricing for golf. The regular DK pricing is fine for the other sports but having to widdle your team down to the very last $ is great for golf IMO.

  • mkennedy2121

    @jecarl2 said…

    I would like to see the DS pricing for golf. The regular DK pricing is fine for the other sports but having to widdle your team down to the very last $ is great for golf IMO.

    Absolutely agree! If nothing else then definitely do it for golf.

  • CGlynn

    • Blogger of the Month

    What does this mean for the RG Blogger rewards? Maybe you could send us some of the leftover merchandise ;).

    Thanks to DS, I enjoyed the site when I played on it. I wish you guys luck in the future.

  • Taylor

    @benny11 said…

    How come new players get 100% bonus and those of us who have been loyal DK users only get 25%… Come on now, that’s LOW BUDGET BS.

    I think their policy is pretty reasonable to be honest.

  • whits23

    2010 FFFC Finalist, 2010 DFBC Finalist, 2011 FFFC Finalist, 2014 DSBC Finalist

    • x2

      2010 FanDuel WFFC Finalist

    • 2011 FanDuel WFBC Finalist

    can u work fd losses into that too

  • fadein34

    @Taylor said…

    I think their policy is pretty reasonable to be honest.

    So rewarding a non-customer 4x greater than an existing, potentially active and loyal, customer is “pretty reasonable?”

  • Taylor

    The guy in charge of salaries on DS, who I can only assume was Markness, was a god damn maestro. I can’t tell you how many times I looked at their NFL salaries and just thought “Markness, you’ve done it again you genius.”

    While I don’t think it’s reasonable to expect DK to just adopt DS structure, hopefully they can bring in some elements that I thought made the gameplay at DS great. Such as:

    -rarely having oversights on cheap guys that become “must starts,” making cash games an overlap-fest.
    -dropping salaries of guys who aren’t performing so they aren’t “undraftable.”

  • qnova34

    Sad to see the draftstreet pricing go. I started out on draftkings, but frankly I hated seeing huge stacks in GPPs and the cash game lineups all had the same obvious value plays so I just found a new site and finally found DS. Day to day pricing was so much more precise and the variety made the game more fun and competitive in my opinion. I imagine high bankroll guys from DK have figured out their winning strategies via pricing and won’t want to see change, but I hope for the sake of being a better game they make an effort to run the 100k format.

    Glad to see the DS team at DK, I know the two can work off eachother well considering DK seemd to always be superior from a software perspective while DS had a better format.

  • Taylor

    @fadein34 said…

    So rewarding a non-customer 4x greater than an existing, potentially active and loyal, customer is “pretty reasonable?”

    They didn’t have to give current customers anything. There were no bonuses on either site for current players as of a few hours ago.

    They said they are going to add a loyalty program and they are giving you free money for clicking a few buttons and moving your balance over. If you don’t like it, you can always just cash out and go play somewhere else.

  • fishcakeking

    FCK

    @Taylor said…

    The guy in charge of salaries on DS, who I can only assume was Markness, was a god damn maestro. I can’t tell you how many times I looked at their NFL salaries and just thought “Markness, you’ve done it again you genius.”

    While I don’t think it’s reasonable to expect DK to just adopt DS structure, hopefully they can bring in some elements that I thought made the gameplay at DS great. Such as:

    -rarely having oversights on cheap guys that become “must starts,” making cash games an overlap-fest.
    -dropping salaries of guys who aren’t performing so they aren’t “undraftable.”

    +1

    But don’t think DK will be quick to adopt anything that was core at DS. If they wanted that they would just continue to operate the site.

    Dk wants the liquidity, user base and market share. Product is dead last in reasons for this deal.
    FCK

  • 3889046j

    Thank You Draft$treet for all you have done in the DFS industry! You have been my main site for years! It felt like home there. Great job and good luck to the DS staff.

    Also, will there be a chat implemented on DK?

  • fresh56

    is dk gonna have weekly freerolls like ds did?

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