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DraftKings could soon be #1 Fantasy Sports Site
Saturday April 4,2015 : DISNEY-ESPN TO INVEST $250 MILLION IN DAILY FANTASY SPORTS FIRM
DraftKings could soon be taking over the top position in the DSF sector.
You have to wonder whether young American entrepreneurs Paul Liberman, Jason Robins and Matt Kalish, the founders of daily fantasy sports betting site DraftKings, could have imagined how powerful their company would become when they put the project together just two years ago in Boston.
Today it's one of the two top sites in a booming sector (Fanduel is the other one) vying for the top spot, and the news this week that Walt Disney-ESPN is to invest $250 million is likely to power the Boston operation into the lead.
Reporting on the investment, the Wall Street Journal observed that it will boost the value of the company to $900 million.
DraftKings has committed to use the investment to ramp up marketing spend to over $500 million on ESPN sites over the next few years as it continues to drive growth; a mutually beneficial deal for all involved.
Rival FanDuel can continue to advertise on ESPN internet properties but won’t have the premium positions afforded to DraftKings.
DSF firms are increasingly attracting the attention of large media corporates, with Comcast recently investing in Fanduel. The Raine Group, Redpoint Ventures, GGV Capital and Atlas Venture have invested in DraftKings in previous funding rounds.
DraftKings and Fanduel have even managed to set up agreements with some of the national sports leagues overseeing sports like basketball, hockey, football and baseball Fantasy sport enjoys carve-outs in laws banning financial transactions with online gambling companies, and operators portray their activity as skill-based and therefore outside the accepted definitions of gambling.
DraftKings recently revealed that online players spent about $300 million on the fees required to play online, quick-turnaround games on its site last year. The company's website boasts that it will pay out a total of $1 billion in prize money this year.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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