Fantasy Sports Leagues an alternative to online sports betting

Virtually unknown a few years ago, fantasy games now represent almost one third of the US fantasy sports market which has been valued at over $1.2 billion with a 7.5% annual growth, according to IBISWorld.

Fantasy games offer a low-risk and high-reward model which is prety similar to regular fantasy sports except more frequent offering the same rush but on a weekly basis. There is now also a new audience for these games, sports bettors are looking to fantasy games leagues as an alternative to gambling on regular sports since fantasy sports contests are legal and excempt from federal internet gambling prohibitions.

According to Tom Griffiths, co-founder of FanDuel, “What we needed was a short-form fantasy sports game you could play for money. It’s instant gratification. We genuinely believe this is the next generation of fantasy sports. This could be the next billion-dollar consumer play in New York”.

Recent Posts

Sportsbet.io and Southampton extend their partnership

Southampton Football Club have announced the extension of its partnership with the Coingaming Group as Main Club Partner. With the…

6 days ago

Wyoming passes House Bill 133, allowing online sports betting and becomes first state to allow cryptocurrency to fund accounts

This week, Wyoming passed a House Bill that would legalize online sports betting in the state and it joined a…

1 week ago

Media powerhouse David Levy appointed Chairman at Genius Sports

Genius Sports has appointed sports industry pioneer David Levy as its new Chairman. In his new role, Levy will lead…

4 weeks ago

Unibet offering Gamban self exclusion tool to its US players

In a press release this morning, Kindred Group announced that it has partnered with Gamban to offer Unibet’s US customers…

1 month ago

UK announces reopening of betting shops; BGC lobby to delay Grand National

With the UK government announcing their roadmap towards ending its restrictions by end of June gradual reopening of businesses. English betting…

2 months ago

Betway to enter US Market

Digital Gaming Corporation (DGC) and Betway have partnered up in an order to set their first steps together in the…

2 months ago