Account restricted on draftkings after big win

[LongBall52]

Every USA book does that (in most states at least). They are required to.

When you say ( in most states at least), tell us what state or states do not?
Now I can see withholding taxes, but they have actually LOCKED him out of his account... Pretty scummy to me.

[d2bets]

When you say ( in most states at least), tell us what state or states do not?
Now I can see withholding taxes, but they have actually LOCKED him out of his account... Pretty scummy to me.

I don't know. I'm in Illinois and I know they do it. Happened to me at Fanduel. Was back up in a day. Didn't get mad at them, I knew the rules. It's not scummy. If one does it, they all will. And it it takes time, it's not on them, it's on the state official assigned to review it. If you don't want it to happen, don't do a wager that pays over 300-1. Keep it under.

[veriableodds]

THAWOJ: They did this same thing to me. I deposited like $20 to mess around with free $200 bonus/whatever. after 7 months of just tinkering 2 maybe 3 wagers per week, ran it up to $900. Go to withdraw and I get the verification run around. Sent them everything they could want, even offered a government employee phone conference so they could verify me. NO SUCCESS funds are still there in digital space. Some kind of BS

[d2bets]

THAWOJ: They did this same thing to me. I deposited like $20 to mess around with free $200 bonus/whatever. after 7 months of just tinkering 2 maybe 3 wagers per week, ran it up to $900. Go to withdraw and I get the verification run around. Sent them everything they could want, even offered a government employee phone conference so they could verify me. NO SUCCESS funds are still there in digital space. Some kind of BS

That's not the same thing and that sounds like some actual bs.

[ThaWoj]

When you say ( in most states at least), tell us what state or states do not?
Now I can see withholding taxes, but they have actually LOCKED him out of his account... Pretty scummy to me.

I'm assuming they lock you out so you cant withdraw the winnings that they might need to send to the state but its stupid that they cant just freeze the winnings and let me do everything else as normal.

I dont know from experience but I'm assuming the other books would do the same thing.


Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming are the states with no income tax...new hampshire partially as well

[k13]

No point in these books if you are going to have to go thru this and pay taxes.

[ThaWoj]

I learned a valuable lesson either way.

Never leave money sitting in the account. Just withdraw and redeposit as needed. Also never again make a bet that is 300-1 that pays over $600

[LongBall52]

I learned a valuable lesson either way.

Never leave money sitting in the account. Just withdraw and redeposit as needed. Also never again make a bet that is 300-1 that pays over $600

Very good point. They're not paying you any interest anyway. I'll bet if all customers did this the policy would eventually be changed

[d2bets]

Very good point. They're not paying you any interest anyway. I'll bet if all customers did this the policy would eventually be changed

No it wouldn't. State regulators require them to do this for over 300-1 wins.

Would be interesting to pay interest. I think there are probably legal reason why they can't. Would open up a hornets nest, including tax reporting which they otherwise don't do.

[mjsuax13]

Woj always with some shit going down.

[ThaWoj]

I nearly caught myself telling support "I NEEDED access to my funds and NEEDED to withdraw my existing funds" before realizing I would get another 7 day responsible gaming ban added on to the already who knows how long wait

[USCPHILLYGUY]

Feel bad for the guy but every time I see a post from him I chuckle

[ThaWoj]

Does anyone know if a free bet would have triggered the taxable event?

[Snowball]

Does anyone know if a free bet would have triggered the taxable event?

yes

[Optional]

I'm assuming they lock you out so you cant withdraw the winnings that they might need to send to the state but its stupid that they cant just freeze the winnings and let me do everything else as normal.

I dont know from experience but I'm assuming the other books would do the same thing.


Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming are the states with no income tax...new hampshire partially as well

That, and so you can't lose the winnings that the govt wants to check if they should own.

[Enkhbat]

What kind of win is considered big? 2K doesn't seem like a particularly big win, I mean there are guys who bet 10K+ on straight bet at -110 odds.

[LongBall52]

Maybe I'm missing something here. They could frreze the funds WITHOUT LOCKING him out of account. Or is that too much to ask ..Lol

Maybe that's what they did anyway..Not certain.

[Optional]

What kind of win is considered big? 2K doesn't seem like a particularly big win, I mean there are guys who bet 10K+ on straight bet at -110 odds.

anything above a $2 bet with 300/1 odds. So $600+ it applies to, if the odds are 300/1

[Optional]

Maybe I'm missing something here. They could frreze the funds WITHOUT LOCKING him out of account. Or is that too much to ask ..Lol

Yes! You are missing something. Almost all your posts are like someone who has not read or understood anything others have said here.


The GOVERNMENT tells bookmakers to freeze the funds from taxable event winnings until the GOVT tells the bookmaker the player does not owe them money. So you cannot bet/lose money that is potentially the Govts.

If you don't owe the GOVT any money then the bookmaker is allowed to pay you out and just send the appropriate tax report in.



If you think that is scummy, go write to your local representative and ask them to change GOVT law. Nothing to do with the bookmakers.






PS: I do agree this system is terrible and think you should help get it change by lobbying your local politicians. But posting over and again that DK is scummy or you will change books makes no bloody sense. Hope that clears it up for you.

[d2bets]

What kind of win is considered big? 2K doesn't seem like a particularly big win, I mean there are guys who bet 10K+ on straight bet at -110 odds.

Over 300-1 odds. That's it. He could win a million at +29999 and it wouldn't trigger this.

[ThaWoj]

Yes! You are missing something. Almost all your posts are like someone who has not read or understood anything others have said here.


The GOVERNMENT tells bookmakers to freeze the funds from taxable event winnings until the GOVT tells the bookmaker the player does not owe them money. So you cannot bet/lose money that is potentially the Govts.

If you don't owe the GOVT any money then the bookmaker is allowed to pay you out and just send the appropriate tax report in.



If you think that is scummy, go write to your local representative and ask them to change GOVT law. Nothing to do with the bookmakers.






PS: I do agree this system is terrible and think you should help get it change by lobbying your local politicians. But posting over and again that DK is scummy or you will change books makes no bloody sense. Hope that clears it up for you.

Hes saying what I argue as well...they should only freeze the winnings from that bet...not the rest of my funds. They should also allow me to login to view pending bets, use free bets, make contest entries. I wouldn't even care if I couldn't make bets with my non-jackpot funds. I just want to make picks in my survivors, i want to withdraw my other funds, and check my pending bets.

[LongBall52]

Hes saying what I argue as well...they should only freeze the winnings from that bet...not the rest of my funds. They should also allow me to login to view pending bets, use free bets, make contest entries. I wouldn't even care if I couldn't make bets with my non-jackpot funds. I just want to make picks in my survivors, i want to withdraw my other funds, and check my pending bets.

Thanks for posting.
I'm gone !

[mjsuax13]

I nearly caught myself telling support "I NEEDED access to my funds and NEEDED to withdraw my existing funds" before realizing I would get another 7 day responsible gaming ban added on to the already who knows how long wait

Yes. Don’t say “need”… “I’d like to access my funds”

It’s semi bullshit they are even involved in holding funds to work with the state on other financial obligations. I suppose that was included when the law was passed but it can’t be great for long term business.

[Optional]

Hes saying what I argue as well...they should only freeze the winnings from that bet...not the rest of my funds. They should also allow me to login to view pending bets, use free bets, make contest entries. I wouldn't even care if I couldn't make bets with my non-jackpot funds. I just want to make picks in my survivors, i want to withdraw my other funds, and check my pending bets.

As I said above, it would be terrible policy if this affected any money that was not part of this win. And I "doubt" that it will. But I do not believe the decision to freeze the entire account or not is a DK choice. I "think" it is what the govt rules say they must do.

I'm looking forward to hearing exactly how long this takes and what money is retained to learn more too.


I 100% agree with your gripe about the system and how it is affecting stuff like your survivor contest and ability to use other funds. I don't think Bookmakers should be made to be tax collectors at all personally.

[mjsuax13]

As I said above, it would be terrible policy if this affected any money that was not part of this win. And I "doubt" that it will. But I do not believe the decision to freeze the entire account or not is a DK choice. I "think" it is what the govt rules say they must do.

I'm looking forward to hearing exactly how long this takes and what money is retained to learn more too.


I 100% agree with your gripe about the system and how it is affecting stuff like your survivor contest and ability to use other funds. I don't think Bookmakers should be made to be tax collectors at all personally.

Has to be rules. I know for my business we have to report different shit by state. Exhausting.

[Thefix13]

Using a DK account as your checking account might not be the best idea to begin with.

[ThaWoj]

I asked for an estimate and twitter support (who at least has answered me a few times unlike the email support) said they have no estimate at this time. I've also asked twice what happens to my survivor pools since I can't login to make a pick and they wont answer that. I've got a $250 risk free sgp for tonight that I cant use. A few $20 free bets that are expiring soon (i dont remeber when) and i was also about 60% of the way on the bet $2000 on ncaa/nfl worth of action get 5 $100 free bets promo, however I'm not sure if i would have gotten to the # anyways.

[ThaWoj]

Using a DK account as your checking account might not be the best idea to begin with.

Yes, as i said before, valuable lesson learned here

[ThaWoj]

Great news guys. Been checking my email all day like a crackhead. I'm sitting on the john and see an email reply from support to my last email last night asking them to tell me my pending bets. I thought it was gonna be another scripted response. It was them telling me my account was off restrictions.

So now like a degen checking tennis scores where i cover half my screen where i want to slowly reveal the score or like squeezing the cards in baccarat, i slowly looked in the upper right corner of my balance and it was all there...you better believe i insta cashed out everything except for about 350. And the nice thing is their dcard withdrawal is instant 100% of the time. So that money is safe...i will give props to betmgm, they usually take about 4 hours to pay me and today i got a $600 withdrawal in about 1 hour.

Woj is back boys.

[Optional]

Great news Woj.

[mjsuax13]

Using a DK account as your checking account might not be the best idea to begin with.

True

[mjsuax13]

Great news guys. Been checking my email all day like a crackhead. I'm sitting on the john and see an email reply from support to my last email last night asking them to tell me my pending bets. I thought it was gonna be another scripted response. It was them telling me my account was off restrictions.

So now like a degen checking tennis scores where i cover half my screen where i want to slowly reveal the score or like squeezing the cards in baccarat, i slowly looked in the upper right corner of my balance and it was all there...you better believe i insta cashed out everything except for about 350. And the nice thing is their dcard withdrawal is instant 100% of the time. So that money is safe...i will give props to betmgm, they usually take about 4 hours to pay me and today i got a $600 withdrawal in about 1 hour.

Woj is back boys.

Great news WOJ! What are we playing tonight?

[d2bets]

Great news guys. Been checking my email all day like a crackhead. I'm sitting on the john and see an email reply from support to my last email last night asking them to tell me my pending bets. I thought it was gonna be another scripted response. It was them telling me my account was off restrictions.

So now like a degen checking tennis scores where i cover half my screen where i want to slowly reveal the score or like squeezing the cards in baccarat, i slowly looked in the upper right corner of my balance and it was all there...you better believe i insta cashed out everything except for about 350. And the nice thing is their dcard withdrawal is instant 100% of the time. So that money is safe...i will give props to betmgm, they usually take about 4 hours to pay me and today i got a $600 withdrawal in about 1 hour.

Woj is back boys.

Be aware that you WILL be getting a 1099 next year for that bet.

[USCPHILLYGUY]

Be aware that you WILL be getting a 1099 next year for that bet.

Woj doesn’t pay taxes. Common

[mjsuax13]

Be aware that you WILL be getting a 1099 next year for that bet.

On behalf of WOJ, roll that shit to the rest of his tax bill.