INDUSTRY FORUM

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  • y2mulder

    Tweet: ‏@howardstutz 3 minutes ago

    BREAKING: Nevada Gaming Control Board bans daily fantasy sports websites from Nevada. Says it’s gambling Story coming @reviewjournal #RJnow

    Letter: http://gaming.nv.gov/modules/showdocument.aspx?documentid=10481

  • realmoney

    Life is so so short and tragically at least half of it is controlled by politics and private agendas…it is too bad we can not enjoy our lives with peace and freedom and live, love and enjoy fun things! Way to go Nevada – you are just another example of the arse coming before the head.

  • sharksfansd

    @kingofqueens said...

    Can the 2015 FanDuel and DraftKings live football finals still be held in Las Vegas this December?

    I don’t think FD and DK should give Vegas their $. And a particular finger might be more appropriate, but I am sure FD and DK will want to play nice.

  • mongoman

    I really should have been nervous when my 72-year-old Mom out of the blue asked “What do you think about this fantasy sports controversy?” a couple days ago. If she was aware of it, it probably had reached critical mass.

    It looks like Stars Draft is the only one that has told me to take a hike so far:

    “Notice to Nevada Residents

    You are receiving this notice because your account lists Nevada as your registered state of residence.

    Following a recent management review of our terms and conditions, we have elected to no longer accept contest entries or deposits from Nevada residents.

    Please Withdraw Any Available Funds

    Starting today, your account will no longer be able to participate in our fantasy sports contests. If your account has withdrawable funds, your account will only retain login and withdrawal capabilities on the StarsDraft.com website.

    All entries to contests that have yet to start will be refunded to your account. All entries in active contests will payout normally once the contests finish.

    Once you have withdrawn all available account balances, your account access will be closed. Please make sure that you withdraw your entire available balance as soon as possible. If your account balance is less than $20, please email support@starsdraft.com for assistance.

    We apologize for the abrupt change in policy and hope to be able to reopen access if there is any future change to this restriction.”

  • Redskins4

    @mongoman said...

    It looks like Stars Draft is the only one that has told me to take a hike so far:

    FD has pulled out as well

  • sharksfansd

    @Redskins4 said...

    FD has pulled out as well

    A current list (sans DK) here: http://www.legalsportsreport.com/5173/nevada-says-dfs-is-gambling/#FantasyDraft

  • Vigilantes

    I have a fairly significant value of tickets for later in the year and FPPs. I’m trying to find out what happens to them as it is not immaterial.

    Here is StarsDraft’s response:
    “We have manually kicked all Nevada users from contests that had not started. If you were in PGA or NHL that was actively running, you will be able to finish out those contests. We will be withdrawing all cash balances. Your bonuses, tickets, and loyalty points and status will remain in your account in the event we are able to re-open operations in Nevada.”

    I’m waiting for FanDuel, etc.

  • Steroid

    KUDOS TO FANDUEL for that message. SPOT ON.

    That’s the message that have to keep banging.

    KEEP BANGING THAT DRUM

  • mongoman

    @Redskins4 said...

    FD has pulled out as well

    I did a Sunday Rush entry about 30 minutes ago on FD.

  • realmoney

    Couple things…

    1) Wonder if this hurts Las Vegas from getting an NHL team since the league has a deal with DraftKings and every team now has advertisements in the arenas?

    2) Many of the hotels in Vegas have deals with DK and FD for various events…are these toast?

    3) Every since “PokerStars” entered the industry, things have turned “very negative”.

    4) Can the Championships still be held in Vegas? – thinking why not if the players are not residents of Vegas, what’s the difference…they are just there to party and watch the games, they aren’t actually “playing” fantasy sports in Nevada as the games aren’t taking place there and the players have no tie to Nevada.

    5) How quickly will MGM have a fantasy sports product?

  • Olhausen

    @skywalker said...

    Didn’t Dean just move to Vegas…?

    I’m almost positive he did. And that’s the first person I thought about when I saw this mess.

  • dude_abides7

    Is this just the first shoe to drop? Or this more indicative of a “gambling state” wanting to kick out the new kid for stealing his shovel in the sandbox?

  • tyrvidar

    @AQUAFTM45 said...

    Yes. You are controlled by the location of your IP address,

    @Edavis12677:
    It pretty much appears they go by State of Residence.

    Hopefully MN leaves this alone, I really enjoy my hobby.

    To all those that wanted the government to intervene, the industry is beginning to reap what you’ve sown. Nothing good ever happens for the ‘common man’ or the ‘new guy’ when the government gets involved and the ‘common man’ or the ‘new guy’ hasn’t purchased enough leverage. It’s too bad the sites didn’t tighten their belts and regulate themselves first.

  • sharksfansd

    Well at least we know FD and DK didn’t collaborate on a statement this time:

    “We understand that the gaming industry is important to Nevada and, for that reason, they are taking this exclusionary approach against the increasingly popular fantasy sports industry. We strongly disagree with this decision and will work diligently to ensure Nevadans have the right to participate in what we strongly believe is legal entertainment that millions of Americans enjoy. Unfortunately, we now have to temporarily disable our product for our thousands of customers in Nevada in order to be compliant in all jurisdictions.”

    Quote from this page: http://www.legalsportsreport.com/5173/nevada-says-dfs-is-gambling/#Responses_from_DFS_operators

  • rebkell

    My NBA League Pass just re-upped and if this whole thing blows up, that is gonna be a big waste, I enjoy NBA, but I don’t really care about having access to every game if there isn’t DFS.

  • Putz

    @PigskinaBlanket said...

    Last time you walked int the DMV – did you think….WOW, this is extremely well run. Government involvement is rarely ever a positive in terms of user experience

    So you don’t do banking either?

  • AQUAFTM45

    @tyrvidar said...

    It pretty much appears they go by State of Residence.

    Hopefully MN leaves this alone, I really enjoy my hobby.

    To all those that wanted the government to intervene, the industry is beginning to reap what you’ve sown. Nothing good ever happens for the ‘common man’ or the ‘new guy’ when the government gets involved and the ‘common man’ or the ‘new guy’ hasn’t purchased enough leverage. It’s too bad the sites didn’t tighten their belts and regulate themselves first.

    Now that you mention it, I think it goes by both home address and IP. I am a NV resident, when I would travel to AZ I could not participate even though that was not my resident state.

  • depalma13

    @dfsnba1990 said...

    None of those would change at all. The taxes (doubt you’ll have to worry) are still capital gains and that’s not going to change. https://rotogrinders.com/lessons/taxes-in-daily-fantasy-sports-219602 this might help you. The only taxes that could change is what FD and DK get charged for the license.

    Ummmm…….No.

    The rake will increase to pay the states. That money comes from you, me and everyone else that plays

  • Putz

    @AQUAFTM45 said...

    FD/DK commercials awol from Thursday Night Football? (Thank god) In the LV market anyway. Anyone else see any?

    Saw them all over CFB on ESPN/CBS, not sure what you are watching.

  • Steroid

    @tyrvidar said...

    It’s too bad the sites didn’t tighten their belts and regulate themselves first.

    This is it. Unfortunately their investors and seeds are/were only concerned about ROI and exit/IPO/acquisition, not that other boring compliance legal stuff. Grow grow grow, then we’ll add more servers people lawyers and deal with it. In hindsight, this was the hidden landmine in their pitch decks and assumptions.

    Maybe these later round investors (who have these companies valued at a billion, i.e., they’re invested as if it’s a billion) are calling their contacts and scrambling, and the good news is, they probably well connected. Let’s see what they can do. Hopefully they start by hiring competent PR firms and pulling all advertisements on TV effective immediately.

  • Olhausen

    @dude_abides7 said...

    Is this just the first shoe to drop? Or this more indicative of a “gambling state” wanting to kick out the new kid for stealing his shovel in the sandbox?

    So I live on the Kentucky Tennessee state line. If Dfs gets banned in Tennessee could I just enter my lineup’s in Kentucky and drive back to Tennessee? I ask because tennesse is one of the states that is on the line as far as Dfs being legal. The law states there must be no chance while most other states laws say it must be mostly skill with some chance.

  • Njcop2001

    @AQUAFTM45 said...

    Now that you mention it, I think it goes by both home address and IP. I am a NV resident, when I would travel to AZ I could not participate even though that was not my resident state.

    Internet poker is legal in NJ. Many people from surrounding states come into NJ and rent hotel rooms to play online. I would guess it would be the same situation.

    Here is an article about it:

    http://www.northjersey.com/news/online-poker-is-north-jersey-s-latest-tourism-draw-1.999889

  • budfox6

    So Arizona, Iowa, Louisiana, Montana, Washington and now Nevada?

  • depalma13

    The only benefit I can see from this is now these sites will have to issue W-2G’s instead of 1099’s.

  • Putz

    @tyrvidar said...

    @Edavis12677:
    It pretty much appears they go by State of Residence.

    Hopefully MN leaves this alone, I really enjoy my hobby.

    To all those that wanted the government to intervene, the industry is beginning to reap what you’ve sown. Nothing good ever happens for the ‘common man’ or the ‘new guy’ when the government gets involved and the ‘common man’ or the ‘new guy’ hasn’t purchased enough leverage. It’s too bad the sites didn’t tighten their belts and regulate themselves first.

    Yeah, let’s not call out the greedy people causing the issues. Yeah, sites are the victims, just like Ethan and KCannon.

  • neogamer

    • x2

      2013 FanDuel WFBBC Finalist

    • 2015 FanDuel NBA Playboy Mansion Finalist

    People like to joke about people just packing up and moving to other states. This really sucks. You would be putting a lot of extra resources into a plan that could be worthless considering the current state of the industry. Pretty much pro’s are SOL if they currently reside in the restricted states and it’s too risky to bank on any particular jurisdiction not pulling the plug in the near future. An interesting side note, im sure a very intriguing Assani Fisher VBlog is on the way.

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