DraftKings covers tab for rival that abruptly closed

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Fantasy Sports NY DraftKings_226495

FILE – In this Oct. 25, 2015, photo, workers set up a DraftKings promotions tent in the parking lot of Gillette Stadium, in Foxborough, Mass., before an NFL football game between the New England Patriots and New York Jets. New York’s attorney general on Tuesday, Nov. 10, 2015, ordered the daily fantasy sports companies DraftKings […]

BOSTON (AP) — DraftKings is picking up the tab for a rival daily fantasy sports company that left customers and charities hanging after abruptly shutting down.

The Boston-based company says FantasyHub players that transfer their accounts to DraftKings will have access to their full balance for withdrawal.

DraftKings will also cover roughly $100,000 due to nearly 100 charities to which FantasyHub had pledged to donate a percentage of contest fees before closing Feb. 19.

DraftKings officials stress the company isn’t purchasing the Austin, Texas-based site or its assets.

FantasyHub is the second daily fantasy site to suddenly close this year amid a growing debate over whether the online games amount to sports betting. Another small operator, FantasyUp, closed in January and was bought by iTEAM Network.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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