FANTASY SPORTS GAMBLING SENSATION TAKES OFF
In a relatively short period of time, online fantasy gambling sites such as Draft Kings and Fan Duel have had huge success in growing this relatively new market. If you take a look at some of the competitions offered on Draft Kings, there are many with over 20,000 registered participants.
Let’s take a look at how these sites operate and how the competitions really work. For our main example we will use Draft Kings, but there are other options available.
How It Works:
Accepted Method Of Payments:
- Credit Card
The competitions offered at Draft Kings run on a daily basis. For example if you are going to join an NBA competition, you are able to set a roster according to all the games that will be played on the set date. The cap on most competitions is set at $50,000 for a roster including a PF, PG, SF, SG, G, C, F and a utility player.
Up until now, most sports gambling was limited to sites that are operated in other countries such as Bovada. The upside of fantasy sports gambling is that it has been permitted within the U.S. making cash outs a lot more reliable and secure.