Draft Kings

Given the number of ads I see for this site, I halfway wonder if it's sort of a Ponzi scheme and they need fresh meat to pay off a few big winners.

 

If it's a Ponzi scheme, lots of people are going down for the count. Fox just dumped $300 million into DK.

 

It's a gambling website. It's rake is something like 6-10%. It prints money. The big expense is acquiring players. It might have trouble keeping players in the long run, but it is not scamming its investors or its players.

 

If you're offering a new game every day, then you have to advertise every day. There's not a new game every day in fantasy football, but there's way more competition from the sites that let people set up their own leagues. So that requires even more advertising. If they're making so much money, though, they ought to spend a little on some better ads.

 

I'm sure the folks involved in online poker were saying the same thing years ago.

 

I haven't quite had enough of the guy in the retro Brady jersey standing pensively at the bar, before his big win, and large novelty winner's check.

 

Next guy will be wearing a Newton jersey though I'd love for them to have fun and have the guy wearing a Romo or Cutler jersey.

 

Federal law explicitly allows daily fantasy sports. There is nothing sketchy about it. It's not a pyramid scheme and it pays out winners.

 

How many bankruptcies will be attributed to daily fantasy sports? Someone who cares should pitch a trend story to the NY Times.

 

So if every account cashed out at the same time, they'd have enough to pay all the winners without new deposits from incoming players? I hope so.

 

My college roommate had the best frickin' album collection ever. Then he started betting football. Almost every Tuesday morning in the dorm he posted a list of albums he was selling so he could get money to pay his bookie.