Posts by Ryan Brown92

basically: "I work for DraftKings, and my job is promotion"

Look, depositing isn't the headache. The real mess starts when you're trying to pull $1,500–$2,000 out to your checking account every month. I’ve pulled it off before without much drama, but now I’m wondering if it's smarter to just route everything through PayPal instead. Even then—there's always a catch—I'd have to explain the source of those funds to my bank. If I tell them it's freelance income from some online gig, the IRS is going to come knocking for their cut, and they'll basically eat half my profit. No thanks.

Heh, who knows—we'll see 🙂

Personally, I’m hoping that was just for show. It feels like the real reason they tweaked the laws was just to hike up the taxes on any sportsbook winnings over 30 $0.00. So now, if you land, say, 30 $0.00, the house is just gonna shave off 15% for the IRS right off the top. And once you hit anything over 500 $0.00, they're taking a 20% cut
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Man, I love this country...

My bad—forgot to drop the link to the full act here

Quick little update regarding the gambling laws here in the States.

The amended law kicked in back on January 1st, 2010. Under the old rules, playing online was technically banned, but there wasn't actually a penalty for regular people—just us everyday folks.

But...

The new law (specifically the part that hits us) says this:

Chapter IX.

FOREIGN GAMBLING OPERATIONS

Section 68.
(1) It is prohibited:
..............

2. participating in foreign gambling operations if the bets are placed within the United States.

3. collecting wagers within the United States for participation in gambling games hosted abroad.


Section 73.
.........

(3) A fine ranging from $10,000.00 to $16667 will be imposed on any individual who violates the prohibition regarding foreign gambling operations (per Section 68.).

Me? I’m sticking to my guns just like before. If I end up in court, I'll pay the fine and move out of the country—since this is how I make my living.