How long does it take to get your money from DraftKings?
According to Draft Kings, the accounting department processes withdrawals each Monday through Friday at 9 AM to 5 PM ET. Once the payment has been processed, the withdrawal can take anywhere from 2-7 days depending on the circumstances of the withdrawal.
How long does it take FanDuel to pay out?
Players are paid in a relatively timely manner; however, if you want your funds quickly, you will want to use Paypal. Withdrawal requests made through Paypal will be processed within 48 hours. Checks, on the other hand, will take anywhere from 7-10 business days, slowed down a bit because of its non-electronic nature.
How much money does DraftKings make?
A report from Eilers & Krejcik Gaming estimated handle for all operators, everywhere, for the calendar year in 2016 at about $3.2 billion as well. Revenue for last year was roughly $350 million, according to that same estimate.
How are DraftKings winnings taxed?
Fantasy-sports winnings of any size are considered taxable income, and if you have a net profit of more than $600 for the year, DraftKings and FanDuel—and other fantasy-sports sites or organizers—must issue a 1099-MISC tax form to both you and the IRS.