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  • Cameron

    RG Co-Founder

    • 2014 FanDuel NFL Survivor Champion

    • 2016 RG Season Long Champion: NFL

    Update: This thread was written before the NY Attorney general sent cease and desist in NY letters to Fanduel and DraftKings.

    ———————————————————————

    Subsequent Updates

    Statement from DraftKings

    Statement from FanDuel

    ———————————————————————

    Following post made before NY news broke

    Hey Grinders,

    The battle to keep DFS fully legal is still going on in some states, and obviously New York is an important one. Attorney General Eric Schneiderman is considering preventing New Yorkers from playing daily fantasy sports. There are over 500,000 daily fantasy players in the state of New York and AG Schneiderman would like to put in place restrictive measures that prevent your ability to play. It’s time for our community to come together and stand up against these unreasonable efforts.

    If you live in New York, you can help now. Make sure AG Eric Schneiderman hears from you. Tell him you support daily fantasy sports for all in New York state. Daily fantasy sports is fun, entertaining and a game of skill. NY has bigger challenges than fantasy football.

    Please contact the Attorney General Eric Schneiderman via phone, email, etc. at the details below, and visit this URL to petition

    Sign the Online Petition to New York Attorney General

    Other NY Contacts:

    GOV. ANDREW CUOMO
    District: NY
    Phone:(518) 474-8390
    Fax:(518) 474-1513

    ERIC SCHNEIDERMAN
    Email:Eric.Schneiderman@ag.ny.gov

    Twitter Handles

    NY A.G. – at AGSchneiderman
    NY Governor – at NYGovCuomo

  • JaNelson38

    @ron69 said...

    Low entry players could really benefit from high volume players if DFS sites put in some new rules.

    This is for the big money contest

    1.Limit entries to 150.

    2.Put a entry tax in place for high volume players.The taxed money goes back the rest of the field creating more winners at the bottom.

    High entry players are tax once they hit 20times their total entry dollar amountt

    Entries – Tax
    20 – 15%
    30 – 20%
    40 – 25%
    50 – 30%
    60 – 35%
    70 – 40%
    80 – 45%
    90 – 50%
    100 – 55%
    110 – 60%
    120 – 65%
    130 – 70%
    140 – 75%
    150 – 80%

    For Example:

    A player with 50 entries in a $25 tourney wins 200k.They are guaranteed 25k(20x total entry amount).The taxable 175k is taxed at 30%.The player gets 70%($122,500),the contest field gets 30%($52.500)

    The $52,500 creates more winners at the bottom

    A payout of 5x the $25 entry fee would be:$125……420 players who were out of the money win $125

    A payout of 4x= 525 players win $100

    A payout of 2x= 1050 players win $50

    That’s ridiculous, really.

    I have no problem with a entry limit max depending on the size of the field, but to “tax” people because they’re investing more into a certain GPP just in an effort to fund a prize pool so more people at the bottom of the payout bracket get paid is a joke. You’re asking a certain portion of the players to basically fund another player’s account for no real reason other than the fact that they have the ability to submit more entries than someone else, which is wrong.

    If people dont want to play large-field, multi-entry GPPs, the sites all have single entry GPPs.

    As Ive said in other threads, the amount of lineups or money invested by someone else has no bearing on the lineup YOU put out. None. To penalize someone simply because they choose to enter a multi-entry GPP a certain number of times is flat out wrong.

  • raiders7532

    Meanwhile, The Post has learned:

    At the same time, the Department of Justice, which is also probing the matter, is expected to take some action before the end of the year, a well-placed DC source told The Post.

    The Department of Justice will move to declare daily fantasy site activity gambling, the source said.

     The NFL is not helping out the companies in any way in Washington. Its powerful Beltway lobbyists are not getting involved, according to one DC source and a person close to the league.

    NFL Commissioner Roger Goodell, as recently as on Oct. 7 at an owners’ meeting, cast a jaundiced eye on daily fantasy sports — saying the 2006 law exempting fantasy sports from an anti-gambling law was aimed at season-long leagues and not daily leagues.

    http://nypost.com/2015/11/12/nfl-team-owners-draftkings-stakes-in-danger/

  • MrFantasy

    @ron69 said...

    2.Put a entry tax in place for high volume players.The taxed money goes back the rest of the field creating more winners at the bottom.

    You put way too much time and effort into that. That would never happen in a million years and is just a silly idea honestly.

  • ElSlappo

    @raiders7532 said...

    Meanwhile, The Post has learned:

    At the same time, the Department of Justice, which is also probing the matter, is expected to take some action before the end of the year, a well-placed DC source told The Post.

    The Department of Justice will move to declare daily fantasy site activity gambling, the source said.

     The NFL is not helping out the companies in any way in Washington. Its powerful Beltway lobbyists are not getting involved, according to one DC source and a person close to the league.

    NFL Commissioner Roger Goodell, as recently as on Oct. 7 at an owners’ meeting, cast a jaundiced eye on daily fantasy sports — saying the 2006 law exempting fantasy sports from an anti-gambling law was aimed at season-long leagues and not daily leagues.

    http://nypost.com/2015/11/12/nfl-team-owners-draftkings-stakes-in-danger/

    This is all well and good but I learned from Chuck D and Flavor Flav many years ago that I shouldn’t trust what is printed by the NY Post :)

  • raiders7532

    @ElSlappo said...

    This is all well and good but I learned from Chuck D and Flavor Flav many years ago that I shouldn’t trust what is printed by the NY Post :)

    You are in denial.

  • ElSlappo

    @raiders7532 said...

    You are in denial.

    Nah I just appreciate the musical stylings of Public Enemy.

    https://www.youtube.com/watch?v=9DMo3uQpd40

    Warning – explicit lyrics!

  • Dmurphy104

    • Blogger of the Month

    FD and DK have sued AG Schneiderman.

  • JaNelson38

    @raiders7532 said...

    Link

    Qu

    If Robert Kraft and Jerry Jones tell Roger Goodell to jump, he’ll ask how high.

    One reason the individual leagues arent getting involved in Washington is because nothing is being done at the federal level…what is happening now is a state-by-state deal. But I would be surprised if the leagues stay silent on this New York ruling, considering the headquarters for all 3 reside in NYC, and two of them (the NBA and NHL) have Fanduel and DraftKings as official sponsors, respectively.

    If something were to happen at the federal level, you can bet the sports leagues will get involved then.

  • JaNelson38

    @Dmurphy104 said...

    FD and DK have sued AG Schneiderman.

    Good for them. Get this in front of a judge preemptively. And I believe this will allow them to stay open in NY.

  • DailyLoser

    New York Post article is a must read IMO

    http://nypost.com/2015/11/12/i-challenge-you-to-a-fantasy-football-duel-eric-schneiderman/

  • coninefan

    @johnnyj580 said...

    It could very much go away chief. Please think logically about the DFS ecosystem. You have two big sites that may/may not be operating in the black, and a dozen+ smaller ones operating in the red.

    Both FD and DK have been operating heavily in the red, even without considering their massive ad expenditures. If they lose the NY battle, other states will follow, the big 2 sites will not get any more rounds of funding, the league partners will pull out and the sites will eventually fold. It will be virtually impossible for any other sites to get VC funding, even if they reorganize the business and meet whatever requirements the legislators put on them to make it not “gambling”.

    I don’t think it’s hyperbolic to say the future of DFS as we know it rests on them either A) defeating the NY challenge outright or B) coming to some sort of agreement to modify the existing sites so they can keep running without running afoul of gambling regulations.

  • tommykarate

    @DailyLoser said...

    New York Post article is a must read IMO

    http://nypost.com/2015/11/12/i-challenge-you-to-a-fantasy-football-duel-eric-schneiderman/

    this is Fantastic

  • ron69

    @ MrFantasy

    You’re entitled your opinion.I just hate looking at the entries and seeing the same name hundreds of times.An individual with a high level of skill,great data analysis,computer hacker,script and a big bank roll could do some major damage.

  • electrichaz3

    @eleven11 said...

    Just to be clear, the poker sites open to Americans have been very consistent with payouts over the past few years. This includes bovada and america’s cardroom. Carbon poker and Merge have had some issues, but seem better now.
    I have played Bovada for the past 4 years and receive payment within a week everytime. They have various options for payouts: check, bank wire, moneygram, visa direct etc.
    Yes, I know things are not like the golden days, but it’s not completely gone as some suggest.
    Sorry, to derail the conversation, but just wanted to clear that up for anyone considering playing poker or betting sports through these sites.
    It’s good to have options when it comes to spending our money in a so-called free society.
    Obviously, the situation sucks and I hope we see all games of skill get legalized soon.
    We should be free to do with our money what we choose. Let’s continue to fight for our rights and persuade our representatives to do the same. Sadly, It all boils down to money and politics.
    As advocates for games of skill, we are all in the same boat. DFS players and poker players alike.
    We should work together and learn from each other without demonizing the other side.
    Of course a major injustice is occurring when lotteries and scratch offs are legal, while DFS and poker are not. This is not how a free market should operate. It clearly boils down to corrupted politics. Follow the money.

    Very much this. Bovada checks come faster then FD checks. That is a fact.

  • alabama9608

    Thats not true. They are in the red due to customer acquisition, I.E spending hundreds of millions on TV ads. Fanduel has already stated they are moving away from that and I’m sure DK will follow.

    Every week Superlobby post net gains each site makes and show both are pulling a profit, (millions a week) so if they stop spending hundreds of millions on commercials and shift to cheaper social network advertising and other customer acquisition methods, they will be fine.

    I also like to point out many states, such as Florida, are working on legislation to make it clear the games are legal. I believe once one of these states pass legislation and declare it legal, we will see other states follow.

    Winning their case is obviously very important and a loss would hurt, but by no means does it mean they will have to shut down!

  • alabama9608

    @raiders7532 said...

    Meanwhile, The Post has learned:

    At the same time, the Department of Justice, which is also probing the matter, is expected to take some action before the end of the year, a well-placed DC source told The Post.

    The Department of Justice will move to declare daily fantasy site activity gambling, the source said.

     The NFL is not helping out the companies in any way in Washington. Its powerful Beltway lobbyists are not getting involved, according to one DC source and a person close to the league.

    NFL Commissioner Roger Goodell, as recently as on Oct. 7 at an owners’ meeting, cast a jaundiced eye on daily fantasy sports — saying the 2006 law exempting fantasy sports from an anti-gambling law was aimed at season-long leagues and not daily leagues.

    http://nypost.com/2015/11/12/nfl-team-owners-draftkings-stakes-in-danger/

    There is a reason for leaks. Politicians trying to line their pockets. Both companies have recently hired high profile lobbyist in DC, so the leaks are expected.

  • alabama9608

    @ron69 said...

    @ MrFantasy

    You’re entitled your opinion.I just hate looking at the entries and seeing the same name hundreds of times.An individual with a high level of skill,great data analysis,computer hacker,script and a big bank roll could do some major damage.

    That’s true, but if they have a bad week, think of how many entries you will already be ahead of.

    Also Remember, if you take out those multi entries, the prizes will drop significantly. Both companies already offer one lineup tournaments and smaller tournaments that you could enter. Prohibiting multientry would significantly drop the variety of tournaments available.

  • alabama9608

    @electrichaz3 said...

    Very much this. Bovada checks come faster then FD checks. That is a fact.

    These poker sites also have limits to the amount you can withdraw. I think ACR is something like $5k a month, so if you win a big tourn. It could take a year to get all your money. That is not the case with DFS.

  • electrichaz3

    @alabama9608 said...

    These poker sites also have limits to the amount you can withdraw. I think ACR is something like $5k a month, so if you win a big tourn. It could take a year to get all your money. That is not the case with DFS.

    My wire xfer limit is 50k/week

  • hendry

    @electrichaz3 said...

    Very much this. Bovada checks come faster then FD checks. That is a fact.

    my singapore bank check bovada checks get 21 day holds on them. that is a fact.

  • jason18801999

    How do you play on bovada if you live in the US? That may be a dumb question but I really don’t know. I quit playing on Bodog in 2006.

  • slashtc

    I’m one of those that thinks smaller payouts isn’t a bad thing if the only way they can support the bigger ones is doing what they’ve been doing.

  • nykes1218

    • 769

      RG Overall Ranking

    @ron69 said...

    @ MrFantasy

    You’re entitled your opinion.I just hate looking at the entries and seeing the same name hundreds of times.An individual with a high level of skill,great data analysis,computer hacker,script and a big bank roll could do some major damage.

    And you think that when you go buy your $2.00 powerball that there aren’t people out there that buy 200,500,1000 tickets?

  • jregger

    @jason18801999 said...

    How do you play on bovada if you live in the US? That may be a dumb question but I really don’t know. I quit playing on Bodog in 2006.

    Should DFS go under due to over-regulation, I would bet that tens of thousands of people will pursue this…

  • nykes1218

    • 769

      RG Overall Ranking

    @jregger said...

    Should DFS go under due to over-regulation, I would bet that tens of thousands of people will pursue this…

    tens of thousands of people already play on these offshore accounts. They win, take their money, and pay no taxes. Who really loses here? The government because they see none of it and the economy since your money is going to costa rica

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