Friday, November 20, 2015

(Daily Fantasy) New Documents Indicate Scope And Rigging of Daily Fantasy

This is the cost of getting rammed into court -- your dirty laundry becomes public record.

Deadspin reports a couple of interesting finds today in the current legal action to shut down Daily Fantasy in New York (and probably elsewhere!) once and for all...

First was a report that FanDuel employees could go and play on other sites...  "just don't win too much"...

That's usually the equivalent of saying one of you is the right hand and the other of you is the left.  It basically shows that it appears all of the companies are effectively one and the same at some level, and that the game is rigged.  Period.

Second was some of the numbers involved...
  • $25.6 million in New York in 2014 in entry fees, second in states only to the $34.3 here in California, bet on DraftKings.
  • At least $286 million nationwide in 2014 -- probably far more this year.
  • Draft Kings rakes about 10%.
I'm shocked these websites have made it to pro Week 11.  But that shows you how big they are, in that they would've failed and been jailed weeks ago if they hadn't been already.

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