Daily Fantasy Sports worldwide is increasing at such a geometric rate that it is expected to double by 2021 to .3 billion dollars and reach markets normally unreachable by online casino sites. The report was conducted by Juniper Research and written by Lauren Foye.
The key players of DFS, including DraftKings and FanDuel are expected to move from the United States into the UK, Australia and Latin America, and then exploit Western Europe—all within the next five years. This will only be accelerated by the fact that the two DFS giants recently announced their merger—although the sites will continue to operate separately.
To do that, however, major providers will need to address concerns that they are using false advertising. He wrote, “DraftKings and FanDuel have used aggressive marketing strategies that gave rise to accusations of false advertising and concerns with cost overruns. Both they and emerging players will need to quell suggestions that only 10% of ‘professional’ players win the monetary prizes on offer.”
But not all was positive for DFS. A bill that would ban daily fantasy sports sites from operating in Illinois re-emerged in the final days of the Illinois state legislature’s 12016 session.
The bill from state Rep. Scott Drury, was originally introduced in the summer. Though the bill had little chance of being considered with the session ending, it was assigned for committee.
The bill would alter the state criminal code to cover online DFS games. A DFS operator would be committing a misdemeanor on a first offense and a felony on a second offense, according to Legal Sports Report.
Illinois Attorney General Lisa Madigan has issued an opinion that daily fantasy sports is illegal under the state’s current laws, but DFS operators DraftKings and FanDuel have challenged that opinion in court. That case is still pending.
