OT: DraftKings you win one billion dollars...

[DAWG61]

are you taking $300 mill up front and that's all you get (I know what a struggle) or are you taking 50 annual payments of $5 mill and at year 51 you get an additional $750 mill? I am taking option 2.

 

[missouridawg]

are you taking $300 mill up front and that's all you get (I know what a struggle) or are you taking 50 annual payments of $5 mill and at year 51 you get an additional $750 mill? I am taking option 2.

Take the $300mil. Draftkings wont be around for 51 years.

ETA: Furthermore, put $200mil a year in a fund that makes 3-4% annually and youve got your $5mil annual payment plus $100mil in your pocket. And that $5mil annually can grow as you seed it with more returns.

 

[seshomoru]

I'm assuming there is some sort of insurance policy that would cover the payments and not Draft Kings. But yeah... take a chunk to blow on **** to get it out of your system then live off interest.

 

[Wizard.sixpack]

Draftkings wont be around for 51 years.

So if a business owes me money and they goes out of business they don't have to pay me? Sounds like a pretty convenient out for them.

 

[Ishmael]

That's essentially how bankruptcy works, yeah. It's not quite that simple, and you'll be owed some amount probably, but pennies on the dollar (which still isn't bad on 1 Billion).

 

[MaroonNation]

Are the insiders in the company still teaming up to beat everyone else. I know there was a huge scandal a few years ago about these fantasy draft sites. Basically the moderators were somehow always on the winning teams.

 

[missouridawg]

Are the insiders in the company still teaming up to beat everyone else. I know there was a huge scandal a few years ago about these fantasy draft sites. Basically the moderators were somehow always on the winning teams.

No. They split back up I believe. DOJ wasn't gonna let them merge if my memory serves me correctly.

 

[missouridawg]

So if a business owes me money and they goes out of business they don't have to pay me? Sounds like a pretty convenient out for them.

If you think this is wild, go read up on sovreign immunity in Texas. It allows the state to not abide by contracts it signs and can completely 17 you. Mike Leach isn't getting his contract paid because the state is hiding behind this.

 

[MedDawg]

Call J.G. Wentworth, 877-CASH-NOW**

are you taking $300 mill up front and that's all you get (I know what a struggle) or are you taking 50 annual payments of $5 mill and at year 51 you get an additional $750 mill? I am taking option 2.

nm

 

[dorndawg]

Him tweeting about it LAST WEEK was a classy touch, as well.

 

[UpTheMiddlex3Punt]

I would invest half of it in low risk mutual funds, and then take the other half over to my friend Asadulah who works in securities