DraftKings rides to the financial rescue of stranded FantasyHub players

Daily fantasy sports operator DraftKings has ridden to the rescue of players left high and dry by the recent shutdown of FantasyHub.

On Thursday, ESPN’s David Purdum reported that DraftKings had agreed to cover the outstanding FantasyHub player balances, which Purdum claimed amounted to “a few hundred thousand dollars.” DraftKings has also agreed to honor the over $100k that FantasyHub had pledged to charities via a portion of its DFS proceeds.

The Austin, Texas-based FantasyHub abruptly went dark in mid-February, pleading for patience while it conducted “discussions with a strategic third party” regarding the site’s future. Nothing had been heard from the company since that announcement, nor from the Fantasy Sports Trade Association (FSTA), of which FantasyHub was a member.

Starting Thursday night, FantasyHub players can log on to DraftKings, where they’ll find a page that allows them to either migrate their balance to an existing DraftKings account or create a new one. Either way, players will have the option of immediately withdrawing their cash with no playtrhough requirement.