FanDuel Class Action Alleges Company Breaks Law By Only Letting Bettors Withdraw ‘Played Through’ Funds

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FanDuel Fund Withdrawal Denial Class Action Lawsuit Overview: 

• Who: Paul Manganaro filed a class action lawsuit against FanDuel, Inc. 
• Why: Manganaro claims FanDuel breaks the law by refusing to let bettors withdraw funds that have not been played through. 
• Where: The class action lawsuit was filed in the Superior Court of New Jersey. 

FanDuel breaks the law by not allowing bettors to withdraw funds that have not been gambled or played through from their accounts, a new class action lawsuit alleges. 

Plaintiff Paul Manganaro claims FanDuel is in violation of the New Jersey Consumer Fraud Act by requiring bettors to play through any deposited funds before being able to withdraw them. 

Manganaro wants to represent a New Jersey class of individuals who have deposited money into FanDuel and weren’t allowed to withdraw it before playing through it first. 

Manganaro says he created an account on FanDuel and deposited $500 in February “in large part due to the advertising materials indicating that consumers could easily and conveniently deposit and withdraw funds.” 

FanDuel specifically advertises the ease at which bettors will be able to deposit and withdraw funds, in an effort to “induce potential consumers into signing up and placing sports betting wagers,” the class action lawsuit alleges. 

Further, Manganaro argues FanDuel falsely advertises that bettors can “withdraw deposits and/or winnings at any time for any reason.” 

“However, it is clear … that Defendants’ advertisements are fraudulent, misleading, and incorrect, and consumers are unable to withdraw deposited funds without betting them first,” the class action lawsuit states.

Manganaro claims that, after losing an initial $200 bet, he decided to withdraw the remaining $300 balance but was denied and told by FanDuel through email that “you can only withdraw winnings or eligible promotions.”

FanDuel ‘Illegally Holding’ Funds That Have Not Been Bet 

“Defendants are currently impermissibly and illegally holding Plaintiff’s funds and refusing to return them unless and until Plaintiff bets such funds,” the class action lawsuit states. 

Manganaro claims that nowhere in the terms and conditions provided by FanDuel does it state that funds placed in an account must be played through before they are able to be withdrawn. 

“Prior to creating his account with FanDuel, Plaintiff was aware of the Defendants’ Terms of Use and Terms and Conditions and the advertising’s claims that he could deposit and withdraw funds from a FanDuel Sportsbook account easily and at his discretion without gambling all of his monies,” the class action lawsuit states.

Manganaro claims that, in addition to being in violation of the New Jersey Consumer Fraud Act, FanDuel is guilty of conspiracy, fraud and breach of contract. 

Plaintiff is demanding a jury trial and requesting injunctive relief along with restitution and compensatory, treble and punitive damages for himself and all class members. 

In January, FanDuel competitor DraftKings agreed to pay $325,000 to resolve claims the sports betting platform enabled problem gamblers by violating gambling laws.

FanDuel had previously agreed to donate $375,000 to a gambling addiction organization to resolve the same claims in July 2021. 

Have you been denied the ability to withdraw funds from FanDuel? Let us know in the comments! 

The plaintiff is represented by Jason L. Brodsky, Evan J. Smith and Ryan P. Cardona of Brodsky & Smith, LLC. 

The FanDuel Fund Withdrawal Denial Class Action Lawsuit is Manganaro v. FanDuel, Inc., et al., Case No. L-763-22, in the Superior Court of New Jersey, County of Camden.

Read About More Class Action Lawsuits & Class Action Settlements:

• Kentucky Derby Bettors Sue Horse Trainer, Racetrack After Derby Winner Disqualified
• DraftKings To Pay $325K In Class Action Settlement
• FanDuel To Donate $375K To Gambling Addiction Org, Bar Betting in Class Action Settlement
• Judge Dismisses Proposed Class Action Lawsuit Against FanDuel Due to User Terms and Conditions