Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

1% of daily fantasy players take home almost all of the payouts ' meet the sharks and the fish they prey on

Published by Business Insider on Wed, 25 Nov 2015


It's hard to watch a pro sporting event on TV without seeing an ad for FanDuel or DraftKings, the two largest daily fantasy sports (DFS) sites.The industry came out of nowhere in the last six years and now serves millions of sports fans nationwide.Both companies have major, deep-pocketed backers and sport billion-dollar valuations.But the very foundation of the game could be crumbling. First came theallegations of insider trading, followed by a more fundamental threat: in the last several weeks, states including Nevada and New York have outlawed DFS, declaring it gambling, as opposed to a game of skill.Both sites remain closed for business in the state of New York, but anemergency hearingscheduled for Wednesday, Nov. 25 could further crystallize the fate of this industry.Meanwhile, for players, perhaps this is the most explosive revelation of all: a recent report indicated that about 1% of the playerstake down around 90 percent of the profits.With all this hanging in the balance, we dove into the deep end to meet the sharks (big winnings), the big fish (major losses) and the minnows of the DFS ecosystem. We wanted to answer the core question of whether DFS is a game of skill or whether it's gambling. And most of all we wanted to know: can it actually pay to be a fan'Executive Producer:Diane GalliganProducer:Andrew SternCinematography:Sam RegaJoin the conversation about this story
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Nigerian Tenders  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs