Ads for the site, where money can be won in fantasy sports, are almost inescapable as the professional football season gets underway.
Daily fantasy sports sites DraftKings and FanDuel are coming under fire – and not just for their barrage of annoying television ads. DFS sites generally operate in 45 states, currently, while sports betting is legal only in Nevada.
Pallone also questioned why daily fantasy sports are being treated differently than sports betting in the United States.
One recent proposal would allow Pennsylvania to capitalize on this growing industry by permitting brick-and-mortar casinos to host their own fantasy leagues.
Under these guidelines, fantasy sports activities are seen as skill-based contests that are not determined by whim or blind chance.
Remember that hopeless geek you grew with who showed up at your 25 high-school reunion in an S-Class Mercedes wearing a $3,000 Rolex watch?
One of the reasons that fantasy sports has exploded is that it can be quite lucrative, at least according to the commercials the companies run continually during real televised sporting events.
The bill was never put to a floor vote, but that doesn’t mean it’s dead.
The Massachusetts Attorney General’s Office is looking into whether the Boston-based DraftKings fantasy sports website is legal.
Keep in mind that this is the same NFL that canceled Tony Romo’s Fantasy Football Convention because it was planned for Vegas. They enjoy the entertainment of going up against friends, family, co-workers and colleagues for bragging rights and, of course, the prospect of winning money. It’s become known as the fantasy sports “carve out”.
“The leagues are out there screaming they want to oppose this and now they’re taking equity positions in the sports-fantasy operations”, he said. Although it would not be illegal, it’s not codified under our gaming laws. But the more I heard, especially the TV advertising with its eye-popping “YOU CAN WIN $75 MILLION THIS WEEK” kind of come-ons, the more unsettling it seemed.
“It’s a game. It’s every day, you can change players on a weekly or daily basis”. They’ve been very vocal about finding alternatives to stay competitive with all the neighboring states that have opened casinos, Ohio and Maryland. Delaware has limited sports betting.
Just like with online poker, the way you get a large (profit) is on volume alone.
Robins’ operation is definitely spending the advertising dollars: $80 million since August 1. Industry heavyweights DraftKings and FanDuel make their money by taking a percentage of the fees that players pay to enter the contests, after the winnings are paid out. That’s what motivates people to play the big Lotto. Critics say this is gambling and should be treated as such. Back then, online gaming existed everywhere. Even poker players have a better argument for the skill behind their game than this.
The companies’ promise is to turn your fantasy players into big cash. Its website say that there is no season-long commitment required to play. That’s the big-ticket item.