Why is DraftKings asking me for identification and personal information?
Federal law requires reporting on currency transactions over $10,000 conducted by, or on behalf of, one person, as well as multiple currency transactions that aggregate to over $10,000 in a single day. These transactions are reported on a Currency Transaction Report (CTR) form. The federal law that requires the filing of these reports was passed to safeguard against money laundering and other financial crime. To comply with this law, DraftKings must obtain personal identification information about the individual conducting the transaction such as a Social Security Number, as well as a driver’s license or other government issued document. There is no general prohibition against handling or wagering large amounts of currency, and the filing of CTRs is required regardless of the reason for the currency transaction.
Can I break up my currency transactions into multiple, smaller amounts to avoid being reported to the government?
No. This is called “structuring.” Federal law makes it a crime to break up transactions into smaller amounts for the purpose of evading the reporting requirement, and this may lead to a required disclosure from DraftKings to the government. Structuring transactions to prevent a CTR from being reported can result in imprisonment and/ or fines.
Self-excluded or evicted persons are subject to arrest and prosecution for trespassing by entering the DraftKings Sportsbook at Wrigley Field premises. Must be twenty one (21) years of age or older to enter the facility or place sports wagers. If in the event you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537). For access to information about the Illinois Gaming Board’s Self-Exclusion program, visit: https://www.igb.illinois.gov/ProblemGamblers.aspx
For help with problem gambling, contact the Arizona Division of Problem Gambling. The helpline is confidential, free, and available 24/7. Visit Nextstep.AZ.GOV , text "NEXTSTEP" to 53342, or call 1-800-NEXT-STEP (1-800-639-8783).