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“This Week In Daily” is LegalSportsReport’s weekly wrap of key facts, happenings and miscellany from the daily fantasy sports industry.
A few interesting notes from FanDuel this week. Namely:
What’s it all mean? It’s a matter of speculation at this point, but we took a stab at what could be brewing at FanDuel. Some believe an IPO is in the works, which would shock no one if true.
A DFS site closing its doors isn’t always going to be news; simply put, some DFS sites just aren’t going to make it.
This week, the site suspended service, saying they were basically out of money and needed a $5 million investment to reopen. For now, the site still exists but just isn’t taking new registrations or offering contests. Will someone bet on ScoreStreak and give it second life?
The article looks into daily fantasy sports and its relationship to online gambling. While many in the industry will disagree with the central premise — namely that it is a form of iGaming — it’s really a piece that’s for DFS at its core:
Yet despite the popularity of daily fantasy sports, it does not seem to have become a social problem. I have seen no breathless news stories of families rendered destitute by a profligate fantasy sports player. While we hear a lot about keeping children safe online, fantasy sports sites have not been listed among the threats. The honesty of the contests has not been called into question. Companies that run fantasy sports sites are publicly traded. Congress seems comfortable with the sport leagues doing business with them. …
In other words, it’s turned out that at least one type of online wagering game is enjoyed responsibly by millions of Americans.
All good talking points, if you’re in the DFS world.
Started from the bottom now we here. pic.twitter.com/ItZ8FgD0Tf
— Jonathan Aguiar (@JonAguiar) May 27, 2015
DraftKings’ Director of Customer Experience, showing the DFS site’s presence on every table at the World Series of Poker, going on now. There’s also a DraftKings lounge for new sign-ups at the tournament series.
DraftKings CEO Jason Robins on Forbes SportsMoney:
An extrapolated projection of revenue for the future of DFS from gaming investor Jason Ader. He said in an interview on CNBC that industry revenue could rival that of gaming revenue in Macau. That would put DFS at about $30 billion, or greater, annually.