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by swang 3591 days ago
i don't know how accurate the article is but arguable the dfs industry is shrinking. almost no one other than fanduel/draftkings exists on a scale to possibly make a profit. and then you have state governments trying to ban them or charge them with crimes.

the biggest long term problem i see (and the article partially addresses) is all these pros bumhunting the low-stakes games because there's no reason not to. it doesn't take any additional time nor mental focus to join some microstakes games like it would if you were playing online poker.

anyone who play dfs, how are money withdrawals from the site? is it relatively quick/easy to get money out of your accounts? otherwise i definitely see that as a huge risk just like it was towards the end of the online poker boom.

2 comments

I've played both, and it's much easier to withdraw from DraftKings than it was from PokerStars/Full Tilt/Party Poker.

In the dark days of online poker after they shut down a lot of the payment vendors, I'd get shady looking checks from some middle man that I had to wait weeks for at times(never played/won enough to need wire transfers or fancier methods). That was horrible.

I've had withdrawals from DraftKings that take a day or two and go straight to my credit card or PayPal account. FWIW I play in California.

Edit: To be fair, paper check withdrawals did get faster as time wore on. Not sure how it is now. I live in SoCal and always preferred the card rooms than online poker anyway, so it's not worth the trouble for me.

I had no trouble getting my winnings out of Fanduel. I had to provide them with my social security number for tax purposes, but once they had that they mailed me a check within a week or so, and they sent me the appropriate tax info at the end of the year.