re: How Long Before The Government Shuts Down Draft Kings?

While Forbes and I also think the Feds will look into them, I doubt they get shut down any time soon with NFL, and other pro sports entities are in bed with them.

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The NFL Has Mastered Art Of Profiting From Daily Fantasy Sports: Just Pit DraftKings Against FanDuel

For those who think the National Football League has taken a moral stance against “daily fantasy sports” by refusing to become a shareholder of either FanDuel or DraftKings, think again. It’s not that the NFL has a stronger moral aversion to daily fantasy sports than the NBA and Major League Baseball. Rather, America’s most profitable sports league has perhaps found a better way to profit from the emerging industry.

While the NBA publicly became a shareholder of FanDuel in November 2014 and Major League Baseball purportedly had a secret agreement including ownership rights in DraftKings that dates back to 2013, the NFL does not have an exclusive agreement with either daily fantasy sports company. However, by remaining agnostic the NFL has been able to profit from both companies’ businesses without incurring much financial risk or legal risk.

Specifically, by not investing in either company, the NFL allows its team owners to pit the daily fantasy sports marketplace’s No. 1 and No. 2 in terms of market share against one another for team endorsement deals. Because both brands are striving desperately to grow their footprint in the pro sports marketplace before Yahoo YHOO +0.00%, CBS CBS +0.00%, Amaya and various large international gaming companies begin to stretch their “daily fantasy sports” wings, the NFL teams are able to exert far better terms from FanDuel and DraftKings than would have likely been feasible if there existed a national, league-wide agreement.

Finally, the NFL’s strategy with daily fantasy sports albeit arguably not any more moral, is indeed legally safer. As daily fantasy sports continue to grow in scale, it is inevitable that the federal government, as well as various state governments, will give these games a closer look....

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Forbes

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This year, FanDuel has signed up about half of the league's teams with deals that generally include stadium signage, radio and digital advertising and other promotions in exchange for an undisclosed amount. The catch is that the NFL isn't jumping in with both feet — at least not yet.

For example, the league has placed restrictions on these deals that are similar to the league's rules for team advertising deals with casinos. NFL team logos won't be allowed in FanDuel advertisements or on the FanDuel website. The company also won't be allowed to be identified as an official NFL or team sponsor, unlike Bud Light, whose beer cans have featured NFL team logos

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USA Today April 21, 2015 article