![]() As of September 2015, both companies had an estimated value of at least $1 billion and controlled 95% of the U.S. Both companies were established as venture capital-backed startup companies, received funding from investment firms, sports broadcasters, leagues, and team owners, and became known for the aggressive marketing of their services. In the United States, the daily fantasy sports industry was dominated by two competing services: the New York-based FanDuel, and the Boston-based DraftKings. A portion of entry fee payments go to the provider as rake revenue. Daily fantasy sports are typically structured in the form of paid competitions typically referred to as a "contest" winners receive a share of a pre-determined pot funded by their entry fees. Daily fantasy sports are an accelerated variant of traditional fantasy sports that are conducted over short-term periods, such as a week or single day of competition, as opposed to those that are played across an entire season. ![]() ![]() As with traditional fantasy sports games, players compete against others by building a team of professional athletes from a particular league or competition while remaining under a salary cap, and earn points based on the actual statistical performance of the players in real-world competitions. For fantasy sports in general, see Fantasy sport.ĭaily fantasy sports ( DFS) are a subset of fantasy sport games. ![]() This article is about daily fantasy sports. ![]()
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