Online US fantasy sports wagering is booming, but it’s at a crossroads
The major topic that stood out at the gambling industry’s biggest trade show—the G2E Global Gaming Expo in Las Vegas over two weeks ago—was the future of online fantasy sports wagering.
That booming industry gives gamblers a chance to bet from the comfort of their living rooms on the performance of real players in real professional leagues. Two of the biggest names in the business—DraftKings and FanDuel—are bombarding the online and television airwaves with commercials. It’s a $3.7 billion-a-year business already and is expected to reach nearly $18 billion in wagering by 2020, Eilers Research says.
But because so much money is being made—and there are so many questions about its authenticity—many leaders in the betting industry and politicians are questioning the legality of the fantasy sports wagering business.