Is FanDuel a Ripoff?

It can be hard to find one you trust with hundreds of online betting and sportsbook sites out there. You want to find a site that meets all your needs and will not scam you.

Is FanDuel a ripoff? While it is easy to think, FanDuel is nothing but a scam that could not be further from the truth. This site is a legitimate fantasy sports service that is operating legally in the United States.

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After reading this article, you will no longer doubt the legitimacy of FanDuel. I will explain why this service is not a ripoff and why so many people trust this brand.

Legitimacy Of FanDuel

FanDuel is a legitimate online fantasy sports service. It is entirely legal both in the United States and Canada.

License

These types of businesses need to acquire a license before they can operate legally in the U.S. and Canada. It may not be legal in all 50 states in America because of varying regulations on gambling.

Some of the states that FanDuel is not legal in are Arizona, Hawaii, Idaho, Louisiana, Montana, Nevada, and Washington. Check if the site meets your state’s regulations first if you are still feeling unsure.

League Partners

FanDuel has partnerships with multiple fantasy sports leagues, and the company has an ongoing sponsorship with the National Football League (NFL).

Aside from the NFL as a whole, FanDuel has a relationship with around 14 individual NFL teams. These teams include the New York Jets and the Green Bay Packers.

The fantasy sports brand also has partnerships with other major sports leagues. FanDuel’s second-largest partner is the National Basketball Association (NBA). The Los Angeles Lakers and New York Knicks have their separate agreements with FanDuel as well.

Payment Processing

If you are worried about FanDuel taking all of your money, there is nothing to worry about. All of their payout and deposit methods are verified. FanDuel’s accepted payment systems include online banking, checks, and PayPal.

The U.S. regulated banks handle their payment processing. Your money is safe with them.

Investments In FanDuel

You might still have your doubts about FanDuel’s legitimacy. I do not blame you. Perhaps you will feel more reassured after hearing about the brand’s investors.

FanDuel has many big-shot investors. It is not a publicly-traded company, so not just anyone can invest in FanDuel. One of FanDuel’s biggest investors is Comcast Ventures.

Comcast Corporation is a huge American conglomerate in the telecommunications industry. NBC Sports Ventures is another prominent investor.

Comcast and NBC are already trusted brands in their respective industries. If they trust FanDuel with their money, there is no reason you should not trust them.

Customer Payouts

Another way you can tell if FanDuel is a ripoff or not is to look at their history of payouts. In 2011, the fantasy sports service paid its users over $10 million in cash prizes. For the year 2014, they awarded more than $400 million. If you have doubts regarding this, try speaking with existing FanDuel users and ask for testimonials.

Conclusion

To conclude, FanDuel is not a scam or a ripoff. It is a legal fantasy sports brand that is trusted by many people.