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  • DanielHaight

    • Yahoo Representative

    Yahoo is getting in the holiday spirit with a $1M prize pool contest for NFL Week 15, including $250K in GUARANTEED overlay. I suspect actual overlay will be much more, but hopefully not too much more so we can run this a few more times this season. We’re looking forward to a fun 2019 across Yahoo Fantasy, and wanted to end 2018 with a bang.

    Click here when making your first deposit and use promo code ‘grinders30’ to get $30 worth of free play, and as always feel free to reach out with any questions or feedback.

    Dan

    P.S. Sorry, we still don’t operate in FL and Canada.

  • mambaland

    @DanielHaight said...

    The info from the help article says the following below. The summary is that we don’t send 1099s.

    “How do I get a 1099-K tax form?
    Yahoo Sports doesn’t provide tax reporting information.

    If you meet certain income criteria, you should receive IRS Form 1099-K from PayPal, our payments processor.

    It’s your responsibility to report your income to the Internal Revenue Service. For more information, please visit their website.”

    Again you did not answer the question. What criteria would generate a 1099 and why would PayPal be sending them?

  • Srmustangs

    Had a friend who tried to use grinders30 and it says not eligible for promo. Why is that. Is using that code off a regular person link no good?

  • nickps

    • 68

      RG Overall Ranking

    • Ranked #2

      RG Tiered Ranking

    @mambaland said...

    Again you did not answer the question. What criteria would generate a 1099 and why would PayPal be sending them?

    Paypal will send you one if you have $20,000 in total payments to your account AND 200 separate transactions making up that $20,000.

    So basically unless you are using the paypal account for a lot of other activity (i.e. Ebay selling) or are making withdrawals ~5 times a week you won’t get one.

  • Trappist1

    @d735123 said...

    Agree. Since they started, I’ve suspected that Yahoo is playing the long game, and within a couple years I think they will be the most popular site while DK and FD will be shells of their former selves. Yahoo never got involved in the crazy advertising like DK and FD did, or the dependency on sharks, both of which are short-term gain, but long-term pain for DFS.

    100% agreed and you have it spot-on with your observation.

  • DanielHaight

    • Yahoo Representative

    @Srmustangs said...

    Had a friend who tried to use grinders30 and it says not eligible for promo. Why is that. Is using that code off a regular person link no good?

    Anyone who has never deposited should be eligible. If he had issues he can DM me or submit a help ticket and we can take a look.

  • DanielHaight

    • Yahoo Representative

    @mambaland said...

    Again you did not answer the question. What criteria would generate a 1099 and why would PayPal be sending them?

    I cannot speak to PayPal’s policy, I would suggest reaching out to PayPal directly.

  • jsteele1020

    This explains why it kept crashing on me lol. I’m in FL.

  • Stangs13

    Is there a minimum deposit to use the grinders30 promo code?

  • Supersharpie

    @Pbasniper said...

    I’m sure calling them cheap bastards will help the cause for you.

    I doubt that I hurt Yahoo’s feelings.

  • totoroll33

    • 26

      RG Overall Ranking

    • Ranked #25

      RG Tiered Ranking

    • 2018 DraftKings FFWC Finalist

    • x2

      2019 DraftKings FBWC Finalist

    Can we enter placeholders before we get to FL and edit when down there?

  • Srmustangs

    Ok thanks. Another issue is that people get to the payment page and the page just spools and spins no matter what browser they use. Any advice on that one?

  • DanielHaight

    • Yahoo Representative

    @Stangs13 said...

    Is there a minimum deposit to use the grinders30 promo code?

    $5 is our minimum deposit.

  • DanielHaight

    • Yahoo Representative

    @totoroll33 said...

    Can we enter placeholders before we get to FL and edit when down there?

    Yes, as long as you deposit and enter contests in an allowed location, you can edit your lineups from anywhere.

  • DanielHaight

    • Yahoo Representative

    @Supersharpie said...

    Also, WTF is with your eligibilty policy being based on residence versus physical presence?

    It’s not based on residence. You should be able to deposit and enter contests while in Pennsylvania. If you’re running into issues, can you send me a DM and I’ll look into your account.

  • DanielHaight

    • Yahoo Representative

    @Trappist1 said...

    UK based player and will love to play the Yahoo Cup’s specially the one for Golf coming up in the new year,

    Unfortunately UK players can’t enter any contest that has prizes. The terms in the app are being updated with the next release. Sorry—appreciate your support while we were live over there!

  • DanielHaight

    • Yahoo Representative

    @Jesoral said...

    Or offer a reload bonus code for existing customers?

    For existing customers I can do a matching deposit in deposit bonus. DM me your display name or email on the account and I’ll manually add it. This is the 4% drip bonus that is earned over time.

  • DanielHaight

    • Yahoo Representative

    @Supersharpie said...

    I doubt that I hurt Yahoo’s feelings.

    With the investment we’re making in DFS now and heading into 2019, I’m going to push to get back into Delaware next year. No promises but I’m hopeful.

  • DanielHaight

    • Yahoo Representative

    @Srmustangs said...

    Ok thanks. Another issue is that people get to the payment page and the page just spools and spins no matter what browser they use. Any advice on that one?

    Can you DM me your display name or email on the account? Can try from different browsers or devices. We haven’t had any widespread issues but could be something wrong with the account that I can look into.

  • Puma103185

    @DanielHaight said...

    I cannot speak to PayPal’s policy, I would suggest reaching out to PayPal directly.

    This is a pretty bad response. It’s little wonder why Yahoo is struggling to grow. The fact that you can’t even get a proper answer for the 1099 structure. They are never going to make it unless they create their own payment platform.

    Combine that with the fact there is a large percentage of players that don’t use pay pal. Not sure who is running the dfs department but whoever it is needs to be replaced for incompetence.

  • jsteele1020

    @DanielHaight said...

    Can you DM me your display name or email on the account? Can try from different browsers or devices. We haven’t had any widespread issues but could be something wrong with the account that I can look into.

    Happened to me too. then I realized it was because I’m in FL and even though FD and DK are legal here for some dumb reason Yahoo isn’t.

  • Pbasniper

    @Puma103185 said...

    This is a pretty bad response. It’s little wonder why Yahoo is struggling to grow. The fact that you can’t even get a proper answer for the 1099 structure. They are never going to make it unless they create their own payment platform.

    Combine that with the fact there is a large percentage of players that don’t use pay pal. Not sure who is running the dfs department but whoever it is needs to be replaced for incompetence.

    They answered by saying this “Yahoo Sports doesn’t provide tax reporting information” that’s pretty clear cut. You can figure your own wins/losses and report them or if you pass PayPal’s threshold listed below you will get a 1099k from them. It’s really not that hard, there are a lot of companies/businesses trying to get out of the payment processing business as the fees they pay Visa/MC/Amex etc are high. There are grocery stores in my geographical area that have actually stopped taking Visa due to their fees. I’d much rather companies take action like that versus raising prices or in this case raising rake etc. to cover payment processing.

    PayPal tax form threshold.
    $20,000 USD in gross payment volume from sales of goods or services in a single calendar year
    200 payments for goods or services in the same year*

  • Puma103185

    @Pbasniper said...

    They answered by saying this “Yahoo Sports doesn’t provide tax reporting information” that’s pretty clear cut. You can figure your own wins/losses and report them or if you pass PayPal’s threshold listed below you will get a 1099k from them. It’s really not that hard, there are a lot of companies/businesses trying to get out of the payment processing business as the fees they pay Visa/MC/Amex etc are high. There are grocery stores in my geographical area that have actually stopped taking Visa due to their fees. I’d much rather companies take action like that versus raising prices or in this case raising rake etc. to cover payment processing.

    PayPal tax form threshold.
    $20,000 USD in gross payment volume from sales of goods or services in a single calendar year
    200 payments for goods or services in the same year*

    That’s going to create a nightmare for anyone that plays significant volume on yahoo. Pay Pals 1099 would not factor in any of the losses acruedd to offset a significant win. Is yahoo at least providing a proper win-loss statement that casinos provide. You seem to have zero understanding of tax liability.

  • nickps

    • 68

      RG Overall Ranking

    • Ranked #2

      RG Tiered Ranking

    @Puma103185 said...

    That’s going to create a nightmare for anyone that plays significant volume on yahoo. Pay Pals 1099 would not factor in any of the losses acruedd to offset a significant win. Is yahoo at least providing a proper win-loss statement that casinos provide. You seem to have zero understanding of tax liability.

    PayPal is only going to factor in the actual withdrawals. So if you win $1,000 then lose $500 and then withdraw $500 PayPal will only recognize $500. Unless the person is using PayPal for other activity I doubt anyone will trigger the 1099 because you need 200 payments to your account.

    It’s easy to determine your profit/loss from downloading your contest history. This is what I’m doing and then the tax will just all be self reported hobby income

  • Pbasniper

    @nickps said...

    PayPal is only going to factor in the actual withdrawals. So if you win $1,000 then lose $500 and then withdraw $500 PayPal will only recognize $500. Unless the person is using PayPal for other activity I doubt anyone will trigger the 1099 because you need 200 payments to your account.

    It’s easy to determine your profit/loss from downloading your contest history. This is what I’m doing and then the tax will just all be self reported hobby income

    With the changes to tax code regarding misc deductions you can’t really claim DFS as hobby income, there’s some discussion to this in the tax thread going on but it’s a pretty big change for those that have used it in the past.

  • Pbasniper

    @Puma103185 said...

    That’s going to create a nightmare for anyone that plays significant volume on yahoo. Pay Pals 1099 would not factor in any of the losses acruedd to offset a significant win. Is yahoo at least providing a proper win-loss statement that casinos provide. You seem to have zero understanding of tax liability.

    A nightmare meaning you’ll have to keep your own spreadsheet with your win/loss? It seems like your complaint is they wont send you a form? Also casino win/loss are extremely unreliable as any machine play is only tracked if using a players card and table play is tracked by humans who are prone to errors, you should be tracking your own win/loss in a casino.

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