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Wednesday July 29,2015 : DAILY FANTASY SPORTS PLAYER SPEND WELL UP
From an average of $95 annually to $465 is a major surge.
Daily fantasy sports players are spending more this year and now deposit on average $465 annually, according to statistics from the Fantasy Sports Trade Association.
And yet market leaders DraftKings and FanDuel have yet to show a profit, instead investing heavily in marketing in order to build massive player bases.
Analyst Adam Krejcik of Eiler’s Research spoke to CNBC about the phenomenon here:
https://www.youtube.com/watch?v=PWWgYVhYQoE