New York bans Fanduel and Draftkings

[Kevin Greene]

So is betting on the ponies next?

[PanthersUnited]

22 minutes ago, PantherKing1983 said:

There is nothing wrong with the head to head leagues as that is traditional fantasy style and they offer it on a week to week basis. The big issue is with the large tournaments and these not being regulated enough, these are 100 percent gambling and no different than a lottery ticket / bingo / keno style game where the top 1 percent are the ones who usually are winning due to the high number of entries and some advanced analytic s.  

Here is the thing with those tournaments though, its not "come in 1st place or bust." For example, it cost $1.00 to enter a 45,000 man tournament, top prize is usually several thousand if you come in first, but even if you come in at the top 18% you still win $2.50, in other words if you come in 7000th place you still more than double your money, grant it $2.50 isnt a lot of money but return wise its still over a 200% return..

Now ofcourse you wont win that every night but its completely fair because you still have a 18% chance to double your money and for the little guy to still win something

[TylerDurden]

Welp, i better go ahead and jump in on this gravy train before it's gone.

 

Odds are, we will do the same in NC.  Despite having a casino in the state (thats not really in the state lol), politicians cant make money off of it and it competes with the sanctioned form of gambling that they do, in the state lottery...  So it wont be long.

[Peppers90 NC]

They were forced to spend $150M in advertising as some type of stipulation. And this isn't official yet either. 

[TuckerMax25]

1 hour ago, propagandamachine said:

lol Fanduel and Draft kings are gambling... How they've been able to sneak in this far long is beyond me. :) 

What these fools should have done is LOBBY like a MATHA trucka... Lobby NFLPA, LOBBY EVERYONE... like Uber. States need that cash 

It's less of a gamble than the stock market. At least with daily sports, everyone plays by the same rules.

[propagandamachine]

Lawyers want to Milk the hell out of this ... to make sure they get every single penny of that $ and feel important. 

[philit99]

9 minutes ago, propagandamachine said:

Lawyers want to Milk the hell out of this ... to make sure they get every single penny of that $ and feel important. 

And your 200% return dwindles down to 120%

[KendrickPanther]

Daily fantasy is gambling as far as I'm concerned. The question becomes do you approve of gambling or not. I personally do not approve of it. It takes advantage of the desperate and the weak minded. I don't approve of the state lottery either but one doesn't make the other ok. Ban them both.

[KendrickPanther]

2 hours ago, propagandamachine said:

lol Fanduel and Draft kings are gambling... How they've been able to sneak in this far long is beyond me. :) 

What these fools should have done is LOBBY like a MATHA trucka... Lobby NFLPA, LOBBY EVERYONE... like Uber. States need that cash 

The NFL was instrumental in keeping Fantasy payouts legal. They had it thrown in with some other bills to get it through. Fantasy football is a major cash cow for the NFL, whether it's selling advertisement on their network or increasing interest in out of market games. Fantasy Football has brought new people into the hardcore NFL fan base.

[juliosantos]

i live in ny and i was doing this as a 2nd job these liberals suck

[philit99]

2 hours ago, juliosantos said:

i live in ny and i was doing this as a 2nd job these liberals suck

I think it will be back as soon as they draft a few checks with the state of New York as the recipient.

[jasonluckydog]

I was so close last night playing NBA Draft kings,  I finished in 304th place in a huge tournament.  My $3 won me $40 but 15 more points would have gotten me 50k. Keep pounding. 

[top dawg]

I could care less.

[PanthersUnited]

3 hours ago, jasonluckydog said:

I was so close last night playing NBA Draft kings,  I finished in 304th place in a huge tournament.  My $3 won me $40 but 15 more points would have gotten me 50k. Keep pounding. 

I won $18.00 on a two of my 50/50s lastnight, it's bittersweet because I didn't enter into any tournaments and I'm certain I would have at least won a couple hundred had I entered a tournament based on the fantasy points I had for my lineup

In other words I was being calculated Ron and not Riverboat Ron.. Dammit! Lol