Daily Fantasy Sports

DraftKings

DraftKings CEO: Illegal Market Sports Bettors ‘Arguably The Most Valuable’

DraftKings now believes it can generate $1.7 billion in annual adjusted EBITDA given its updated expectations for US online gaming. How big players from the offshore market factor into that remains an open question. The forecast, given at a DraftKings investor presentation Tuesday, is up from $1.2 billion last year because of more bullish expectations […] Read More
Posted on: March 10, 2021 | Daily Fantasy Sports Sports Betting | Matthew Waters
DFS

Log Rolling And Tug of War: How A New IRS Memo Looks At DFS 

The Internal Revenue Service (IRS) has issued another memo at the intersection of daily fantasy sports and the federal tax code.   Dated September 14, 2020 but not publicly released until October 16, the IRS’s recent four-page memo concludes that “[t]he amount paid by a daily fantasy sports player to participate in a daily fantasy sports […] Read More
Posted on: November 9, 2020 | Daily Fantasy Sports Opinion Regulation | Ryan Rodenberg
DraftKings

DraftKings Refutes Report NJ Sports Betting Whale Had Proxy Deal

DraftKings pushed back Friday on a report suggesting one of its VIP customers enjoyed a side deal to let him bet from outside New Jersey. A spokesperson for DraftKings told LSR that sportsbook director Johnny Avello did not have an arrangement with a customer claiming the company locked his account with a potentially winning $3 […] Read More
Posted on: November 6, 2020 | Daily Fantasy Sports Regulation Sports Betting | Adam Candee
Stats Perform

Stats Perform Still Suffering More Than Two Weeks After Cyber Attack

Stats Perform is still not fully functional more than two weeks after it first went down, industry sources tell Legal Sports Report. The stats provider was hit by a cyber attack on October 10 , causing problems at multiple DFS firms including FanDuel and DraftKings. While those companies switched data providers to minimize the impact […] Read More
Posted on: October 27, 2020 | Daily Fantasy Sports Sports Betting | Brad Allen
Privacy Policy