Its Heating up.....Fandual CEO Says Offshore Sites Have Unfair Advantage

[captrobey]

Was this after you selected to do a cash out? I’ve never heard of such a thing.

Nope. It was as soon as i bailed out and got paid they took $600 from me on that rocket round. The lady on live chat said it too once she saw it.Like i said i never had this happen at Caesars like this.

Here are what they took and what it says on the site these were all july 1st

July 1, 2022
10:57am
Tax Withholdings
Country Withholding
ID

Financial
-$427.20
July 1, 2022
10:52am
Tax Withholdings
Country Withholding
ID

Financial
-$415.20
July 1, 2022
10:51am
Tax Withholdings
Country Withholding
ID

Financial
-$420.00
July 1, 2022
10:13am
Tax Withholdings
Country Withholding

Financial
-$688.80
July 1, 2022
10:10am
Tax Withholdings
Country Withholding
ID

Financial
-$316.80

[captrobey]

Again, not a matter of most likely or whatever. If the odds are 300-1+ or more, they will report. If it's under, they won't. Very simple and predictable.

This was not that . But it happened a few times on bigger wins. If i won $100 will not hit me but bigger wins did.

[goduke]

Nope. It was as soon as i bailed out and got paid they took $600 from me on that rocket round. The lady on live chat said it too once she saw it.Like i said i never had this happen at Caesars like this.

Here are what they took and what it says on the site these were all july 1st

July 1, 2022
10:57am
Tax Withholdings
Country Withholding
ID

Financial
-$427.20
July 1, 2022
10:52am
Tax Withholdings
Country Withholding
ID

Financial
-$415.20
July 1, 2022
10:51am
Tax Withholdings
Country Withholding
ID

Financial
-$420.00
July 1, 2022
10:13am
Tax Withholdings
Country Withholding

Financial
-$688.80
July 1, 2022
10:10am
Tax Withholdings
Country Withholding
ID

Financial
-$316.80

This is wild. Are you in the US?

[pabonaparte]

F. Funduel and F. On-shore

[captrobey]

This is wild. Are you in the US?

Yes the lovely state of NJ in the lovely city of Camden. We are proud of our crackheads here.

[jjgold]

Can you imagine paying high juice and then taxes on your winnings

[KVB]

Can you imagine paying high juice and then taxes on your winnings

Yeah, it can be a lot to overcome.

[jjgold]

Books are going to go underground again

Offshore always ahead of the curve


I would bet they already taking measures back up plans

[Brock Landers]

Can you imagine paying high juice and then taxes on your winnings

No LOL

It's completely absurd

[PaperTrail07]

Good luck winning to begin with---THEN add in the winners are tracked and taxed....penetrate off lol

Can you imagine paying high juice and then taxes on your winnings

[captrobey]

So i added everything up for what Draftking took out in taxes. A total of 8 times in 2 days July 1st and July 5th for $3192 .I did cash out $5000 after they took everything out but it is BS that they took all this out before i actually cashed out the $5000 . They literally are taking money from me and holding it hostage unless i fill out paperwork of some kind. A $5000 withdraw should not be $3192 they should not take money out unless it is the actual amount you are withdrawing. But i will say this as a positive DK was lightning fast in paying me i was paid inside of 2 hours i think it was .

[jjgold]

[Bcatswin]

Terrifying robey

[Brock Landers]

So i added everything up for what Draftking took out in taxes. A total of 8 times in 2 days July 1st and July 5th for $3192 .I did cash out $5000 after they took everything out but it is BS that they took all this out before i actually cashed out the $5000 . They literally are taking money from me and holding it hostage unless i fill out paperwork of some kind. A $5000 withdraw should not be $3192 they should not take money out unless it is the actual amount you are withdrawing. But i will say this as a positive DK was lightning fast in paying me i was paid inside of 2 hours i think it was .

WTF are you doing? LOL

BOL pays in minutes, up to 100k!

[RangeFinder]

I cannot believe how offshore is on fandual mind now

I guess they are now seeing they are A MAJOR THREAT

The problem is the taxes and regulation. Government needs to tax them maybe 5% of revenue so they can compete. Without a break from Uncle Sam, the only other alternative would be to make offshore illegal, which will never work. People will find ways to get offshore books funded like they do now, especially with crypto.

Legal books here in the States are in a pickle. They need to negotiate with Congress and get the taxes and regulations eased.

[jjgold]

solid post

The problem is the taxes and regulation. Government needs to tax them maybe 5% of revenue so they can compete. Without a break from Uncle Sam, the only other alternative would be to make offshore illegal, which will never work. People will find ways to get offshore books funded like they do now, especially with crypto.

Legal books here in the States are in a pickle. They need to negotiate with Congress and get the taxes and regulations eased.

[beefcake]

funny thing is it was 2 Democrats that spoke late in the debate that convinced one player to change his vote to NO. and it lost by 1 vote.

And they used point shaving that happened in the 1950s and 60s as a reason for not passing it..I couldn't believe it man..Truly ass backwards those freaks in Raleigh are..

[goduke]

Yes the lovely state of NJ in the lovely city of Camden. We are proud of our crackheads here.

I play FanDuel in a different state and havent seen this but anyone else that plays on DraftKings, do they tax and take the money out as you win?
My understanding was that you arent taxed until you cash out. If they are taxing you after every win without you cashing out that is insane and unbeatable.

[goduke]

So i added everything up for what Draftking took out in taxes. A total of 8 times in 2 days July 1st and July 5th for $3192 .I did cash out $5000 after they took everything out but it is BS that they took all this out before i actually cashed out the $5000 . They literally are taking money from me and holding it hostage unless i fill out paperwork of some kind. A $5000 withdraw should not be $3192 they should not take money out unless it is the actual amount you are withdrawing. But i will say this as a positive DK was lightning fast in paying me i was paid inside of 2 hours i think it was .

Yeah something isnt right here. If you dont cash out the money then its still technically "on the table". If they are going to tax you on every bet no matter if you reinvest that money into another bet then you should quit that site right off because long term you cant make money.
We need to see if other people who use DraftKings has this happen to them because it just seems so abnormal.

[goduke]

Yeah something isnt right here. If you dont cash out the money then its still technically "on the table". If they are going to tax you on every bet no matter if you reinvest that money into another bet then you should quit that site right off because long term you cant make money.
We need to see if other people who use DraftKings has this happen to them because it just seems so abnormal.

To add to this point then, essentially if you get taxed everytime and lets say at the end of the year you are not profitable you should be entitled to a refund of those taxes paid.

[Roscoe_Word]

I'm gonna organize a protest.

Gonna carry placards :"Stay otta my book".

Maybe march with the "ridiculous" fist in the air; as Johnny Most would call it.

[Stallion]

Why would you play onshore where they take taxes?? What an idiot

[d2bets]

To add to this point then, essentially if you get taxed everytime and lets say at the end of the year you are not profitable you should be entitled to a refund of those taxes paid.

Sure. Taxes paid is just tax withholding. If you overpaid, you get a refund.

[goduke]

Sure. Taxes paid is just tax withholding. If you overpaid, you get a refund.

yeah i get that part. What I'm trying to understand is if DK is actually paying these taxes on behalf of the player or just pulling the money and pooling it on behalf of the player. I dont get it either way, it seems stupid for DK to get involved in the withholding of taxes.

[captrobey]

Terrifying robey

WTF are you doing? LOL

BOL pays in minutes, up to 100k!

I know it is crazy. I do not play a ton in US books though 90% offshore. But i have deposited in Caesars and Draftkings lately. I forget why i did not do a lot at BOL maybe was the limits not sure.

[Bluehorseshoe]

https://www.cnbc.com/2022/07/07/casino-industry-urges-federal-prosecutors-to-crack-down-on-illegal-operators-.html

[captrobey]

Yeah something isnt right here. If you dont cash out the money then its still technically "on the table". If they are going to tax you on every bet no matter if you reinvest that money into another bet then you should quit that site right off because long term you cant make money.
We need to see if other people who use DraftKings has this happen to them because it just seems so abnormal.

Exactly . I was shocked when i realized it was happening. And it happened several times as you can see when i posted. These were mostly i think bigger wins on the Rocket game. And that is exactly how i feel every time i thought i had more to work with they kept taking it.

[Brock Landers]

https://www.cnbc.com/2022/07/07/casi...perators-.html

F uck those pikers, NEVER had a payout issue offshore, ever

[KiDBaZkiT]

Exactly . I was shocked when i realized it was happening. And it happened several times as you can see when i posted. These were mostly i think bigger wins on the Rocket game. And that is exactly how i feel every time i thought i had more to work with they kept taking it.

“The rocket game” “0-0-0-0-0-1-0 every time! I swear I’m cursed. Another penetrating double play!” Another strike out penetrate this.”

[captrobey]

“The rocket game” “0-0-0-0-0-1-0 every time! I swear I’m cursed. Another penetrating double play!” Another strike out penetrate this.”

Lol no what lol. That is me when i do my insane yet fun play by play. And OMG that is what always happens . I keep waiting for a good high scoring game. But anyway that is not the rocket game i was talking about .

The rocket game on draftkings is almost like a video game. It is very addictive. It will normally crash and take everything . But if you catch it when it goes way up you can make a killing. It can also take everything even faster. But a $10 bet if it goes all the way is $10000 if it goes all the way. I have seen it go all the way 3xs total .

Actually the one where i had my biggest hit was a mistake i hit the wrong button and minimized my screen. When i got back the rocket was still going i cashed out then and they took the $600 + . I always wonder if there is a guy watching to screw people out of the bigger bets . Like if everyone bet $1 they let it go higher if someone bets $1000 (Which i have seen ) then crash it quicker.

[jjgold]

Cappy how do you survive in Camden?

[TheMoneyShot]

Adjustments... adjustments... adjustments. I don't see how any regulated state sportsbook... CAN LIMIT YOU!!! And force you to stay within those jurisdictions. Horse sh##. Run an honest operation first.... stop being a pinhead.

If you want to FORCE all US citizens to wager with you... then take LARGE WAGERS. Until then.... they can F OFF. You can't sit and pick and choose who you allow to play.... and get action from. Total BS.

With BTC around... there's no way they can shut offshore down.

[captrobey]

Cappy how do you survive in Camden?

Most of the drug dealers run from me because i have a sign that says "I am looking for my dad" and they all seem to run away.

[Wilfred]

Yeah something isnt right here. If you dont cash out the money then its still technically "on the table". If they are going to tax you on every bet no matter if you reinvest that money into another bet then you should quit that site right off because long term you cant make money.
We need to see if other people who use DraftKings has this happen to them because it just seems so abnormal.

It’s the same thing as a slot machine which is what rocket is categorized. It’s as if you are at an on-site casino and get a hand pay where they usually ask you if you want to withhold taxes. I’m assuming OP didn’t put in his SSN on DK so they are automatically withholding taxes on slot machine wins the same as they would at a normal casino. I have entered my info and won over $1,200 and they didn’t withhold taxes on my slot wins or even give me the option toI wish they would have as I then had a tax bill this year to pay.

[pologq]

The guy I use has a great Sports Memorable Shop. He does use an online site or I can call him, I have either option. BOL pologq

that is awesome to have. plus the shop sounds cool. even harder to find nowadays.