McGraw Milhaven: FanDuel and DraftKings a ‘Pyramid Scheme’

Submitted by Aaron Goldstein on

Written by :

Aaron Goldstein

Published on :

550KTRS St. Louis sports radio talk show host McGraw Milhaven is one of many crying foul Tuesday morning in light of a scandal that has rocked the Daily Fantasy Sports world this week.

The controversy in question regards a high ranking DraftKings employee having inadvertently posted player ownership percentages prior to the start of that week’s NFL games.  Access to such data clearly provides an unfair edge.  This point was  driven home after the employee in question ended up winning $350,000 playing in a competing website’s contest, that being FanDuel. 

“It turns out that everyone who has played FanDuel or DraftKings has been duped and basically duped out of all their money,” Milhaven said on his talk show Tuesday morning. “These people they show (on the commercials) ‘I paid $2 and won $360,000’, where do you think that $360,000 comes from?”

Milhaven goes on to suggest FanDuel and DraftKings are in essence a pyramid scheme. 

“You need stooges for a pyramid scheme,” he said.  “The people who work at FanDuel and DraftKings have more information than you and me and not necessarily that Nick Foles is great on third down.  They have alghorythms that show who’s picked, who’s not picked, where’s it’s opening and they run it through a computer using insider information.

Watch below.

- Aaron Goldstein, Gambling911.com

- Don Shapiro, Gambling911.com

Related Content

BetMGM Introduces Record-Setting Game of Thrones™ Slot to Players in New Jersey, West Virginia, Michigan and PA

BetMGM Introduces Record-Setting Game of Thrones™ Slot to Players in New Jersey, West Virginia, Michigan and PA

Everybody loves "Game of Thrones". Now those casino gamblers in four US states will finally have the opportunity to play the Game of Thrones™ online slot for real money from the comfort of their own home, office, the train or where ever they like.
Florida AG Comes After Reddit, TikTok Demanding Social Media Companies Remove Sweepstakes Casino Ads

Florida AG Comes After Reddit, TikTok Demanding Social Media Companies Remove Sweepstakes Casino Ads

Florida’s Attorney General has demanded Reddit, Snap and TikTok stop carrying ads for sweepstakes gambling platforms in the state, a move that follows August lawsuits against Stake and VGW brands like Chumba Casino, LuckyLand and Global Poker.
Baba Casino: The Best Social Casino in the USA in 2026

Baba Casino: The Best Social Casino in the USA in 2026

The online casino industry in the United States has one of the fiercest competitions, as companies compete by offering exciting features and bonuses to casino players, and Baba Casino sits among the very best, if not the best, social casino in the USA.
Arkansas Saracen Casino Dirty Laundry Exposed as Two Execs on Hot Seat

Arkansas Saracen Casino Executive Hospitalized After Being Told He Will Be Terminated

Both men accused of developing gaming software marketed to “third parties within the Arkansas gaming industry.” Chief Market Officer denies allegations.