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Daily Fantasy Sites  

199 members have voted

  1. 1. Did/Do you use FanDuel or DrafKings?

    • Yes
      56
    • No
      143
  2. 2. Should Daily Fantasy sports sites such as DraftKings or FanDuel be legal?

    • Yes
      113
    • No
      86


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Posted (edited)

For alot of people the money that they spend on DFS is less than going out to dinner or going to the bar to get wasted or spending "X" amount of money on the lastest gadget.

 

My point is that everybody does something with their money that other people would not spend with theirs. I learned a long time ago to not judge what people spend their money on because at the end of the day its none of my business what they do with whats theirs and vise versa.

 

By the way a couple of weeks ago I took $5.00 and made $2,700 on fanduel. When is the last time you gave $5.00 to a stripper and she gave you $2,700.00. Yeah my point exactly.

 

BTW with that win up 2,600.00 since August when I started playing DFS and while I was down about $100.00 that money was spread out since August and based upon the games I play on Fanduel and Draftkings thats just about right

Edited by Protocal69
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Posted

If you can't appreciate sports for sports, your life is too boring and you need to fill that with something other than gambling. It seems like people have zero attention span now, and they need a constant source of adrenaline or else they will jump off a bridge

Well that's a blanket statement if I ever saw one. I played, I enjoy it. Fun way to watch the games, keep up on what's happening in the rest of the league and try not to outthink yourself. It's fun.

 

It's absolutely gambling. I never bet more than a dollar because I realized how foolish it was and easy to lose. But I'm hardly an adrenaline junkie. If I was I probably would be skydiving right now

Posted

 

By the way a couple of weeks ago I took $5.00 and made $2,700 on fanduel. When is the last time you gave $5.00 to a stripper and she gave you $2,700.00. Yeah my point exactly.

 

Read they are a lot of shrills who report such fake winnings just like some of the casinos have to generate excitement. Before *I* would believe anyone turning $5 to 2,700 I'd like to see IRS report of earned income.

Posted

Read they are a lot of shrills who report such fake winnings just like some of the casinos have to generate excitement. Before *I* would believe anyone turning $5 to 2,700 I'd like to see IRS report of earned income.

Good idea! Let's see the 1099!

Posted (edited)

I won $1000 on draft kings off a 25 cent game . I watch every possible game of football I can, winning made me feel that it was all worth it.

 

Draft kings allows me to be more vested in every game and helps justify the amount of time I spend following the sport.

Edited by buffalover4life
Posted

Read they are a lot of shrills who report such fake winnings just like some of the casinos have to generate excitement. Before *I* would believe anyone turning $5 to 2,700 I'd like to see IRS report of earned income.

 

 

Good idea! Let's see the 1099!

 

From Draft Kings website

 

All taxes associated with the receipt of any prize are the sole responsibility of the winner. DraftKings is required to issue 1099 tax form(s) to any player who has a NET PROFIT (not solely what is withdrawn) in excess of $600 for the calendar year. This is calculated by the approximate value as ((prizes won - entry fees)+bonuses). Once you have exceeded the $600.00 Net Profit threshold for the calendar year, you will be prompted to complete an electronic W-9 via your My Account page for filing.

 

 

 

Interesting that winnings are taxable even if not withdrawn in the calendar year. Until a minute ago I assumed winnings were treated like stocks and taxed when cashed out.

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