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Yahoo Pro League Payouts?

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Yahoo Pro League Payouts?

Postby BJSFAN123 » Sat Oct 13, 2012 10:39 am

Have any winners gotten paid yet? Sure are taking their sweet time.
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Re: Yahoo Pro League Payouts?

Postby Fantasy Sports Genie » Mon Oct 15, 2012 12:31 pm

The guy who sits next to me spent a bunch of time last week making sure the payouts were going out properly. I'm not sure what the business side looks like after that, but I know it is underway.
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Re: Yahoo Pro League Payouts?

Postby fast dogs » Mon Oct 15, 2012 1:36 pm

cbs used to be right around Christmas for sending baseball winnings
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Re: Yahoo Pro League Payouts?

Postby BJSFAN123 » Mon Oct 15, 2012 3:01 pm

Fantasy Sports Genie wrote:The guy who sits next to me spent a bunch of time last week making sure the payouts were going out properly. I'm not sure what the business side looks like after that, but I know it is underway.


Sounds good, the message in our league said 7-10 days after the league is over but it's been a couple weeks now.

Side note: These pro leagues must be really profitable for Yahoo, I did a 12 team $100 league and Yahoo took a $300 cut 8-o
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Re: Yahoo Pro League Payouts?

Postby Skin Blues » Mon Oct 15, 2012 4:35 pm

Use LeagueSafe, they pay out 100%. They're just happy to be able to invest your money over the 6 months it sits in their account (and I'm sure most of their profit is from people simply not withdrawing money). There's a small fee if you want them to mail you a check, but for me it was only 1% of my winnings. Much better than 25%.
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Re: Yahoo Pro League Payouts?

Postby jfg » Mon Oct 15, 2012 5:41 pm

How do on-shore fantasy sites get around the laws that took off-shore poker sites down?
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Re: Yahoo Pro League Payouts?

Postby Fantasy Sports Genie » Tue Oct 16, 2012 1:31 pm

jfg wrote:How do on-shore fantasy sites get around the laws that took off-shore poker sites down?

- I am not a lawyer
- I can't speak for everyone
- I am still not a lawyer

That being said...
- Fantasy Sports are not poker. I think that much of the drama/conflict is around games of skill vs. games of chance. Poker undoubtedly retains an element of chance. Fantasy Sports is a more interesting discussion.
- States have different laws/opinions/definitions/etc. etc. We only offer Pro Leagues in a subset of states, because it was deemed that in some states we couldn't safely offer them. The set of states is not consistent across different providers. I don't work for the other providers, and I'm not a lawyer; all we know is what our lawyers told us we could and could not do.
- Also, I am not a lawyer
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Re: Yahoo Pro League Payouts?

Postby Element » Tue Oct 16, 2012 2:39 pm

So if I am in need of legal representation .... I should contact you? :-b
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Re: Yahoo Pro League Payouts?

Postby BJSFAN123 » Sun Oct 21, 2012 2:16 pm

Do you know if payments have started to be sent out yet Genie? I still haven't gotten an email yet.
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Re: Yahoo Pro League Payouts?

Postby Ray Zorback » Mon Oct 22, 2012 11:46 am

I received 2 of these on the 16th...

Dear Ray,

Congratulations! You were a WINNER in your Fantasy Baseball Pro League.

Claim your $50 prize here (link), or follow these steps:

Log in to your Yahoo! wallet at (link)
In the "Payout Eligible Services" section, configure your Payout Method by linking your PayPal™ account
Yahoo! will then transfer your winnings to your PayPal account, and you will receive a confirmation from PayPal

Note: If you don't already have a PayPal account, it is easy and free to create one using your email address.

Please be sure to collect your winnings within 90 days.
Thanks for playing, and we'll see you next season,
-- Fantasy Baseball Pro Leagues Commissioner
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