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The U.S. Open wrapped up on Sunday with a dramatic finish that gave 21-year-old Jordan Spieth his second major golf tournament victory this year.
For that feat — winning what many consider the toughest tournament in golf — he earned $1.8mm.
Meanwhile, a player in DraftKings’ $2.5mm Millionaire Maker contest based on the U.S. Open — named “carlbassewitz” — won a million dollars.
That daily fantasy sports player moved into that position when a real-life golfer — Dustin Johnson — three-putted on the 18th green, taking away a chance at a victory or a playoff for Johnson.
That meant the difference of $900,000 for the player with the screen name “headchopper,” who won just $100K for second place in DraftKings’ contest.
That meant the money swings in DraftKings’ contest were just as big as the U.S. Open: the difference between first place and a tie for second cost Johnson roughly $900k.
The DK contest for the British Open next month will guarantee $3mm, with $1mm again going to first place. That’s up from $2.2 million for The Masters just a few months ago.
And while a contest based on the PGA Tour is unlikely to eclipse a million dollars for the winner, could we be less than a year away from DFS players making more than the winners of golf’s four majors?
Based on current growth, it is not hard to conceive of a $5 million DraftKings golf contest with $2 million to the winner for The Masters or the U.S. Open in 2016.
It’s amazing growth for a DFS vertical that launched early in 2014. Of course, explosive growth in DFS verticals is starting to become the norm: see eSports, for instance.
We’re still several weeks away from The British Open, and already there have been more than 6,000 entries to the Millionaire Maker for the next major. (That contest caps at 171K.)
Besides bigger contests, there are several things to watch for in the DFS golf market: