You can't watch or listen to any type of sports programming without hearing or seeing these ads from one company or the other. Just makes me wonder how much do these companies make. Naturally the NFL season is the greatest moneymaker for these two companies. So what's your guess as to how much money these companies are making. It has to be in the multi millions a week for these companies. What's your guess? I'll bet it's around 5 million a week during the NFL season!
Good industry article http://www.bizjournals.com/newyork/...ings-are-we-seeing-the-future-of.html?s=print
I'm sure they make a good amount. For instance, even on the cheap $1 leagues where 80 people enter and half get paid, FanDuel is raking in $8 total each time. Those leagues fill up like hotcakes. Hundreds, probably thousands a day. And that's just low level and not including all the millions of other tourneys they offer daily, including the higher entry fee ones where I'm sure they take in a lot more.
Also please use my links if any of you guys decide to sign up. My goal in life right now is to get someone to use these damn links haha.
DraftKings
FanDuel
DraftKings
FanDuel
Their business model is more similar to a tech startup so they aren't really "profiting" anything right now.
Boost valuation first and profit as industry begins to reach maturity.
The # quoted in that article is pretty lofty and ambitious though. 2.6B in revenue when industry matures, I dunno about that.
That is about a 40-50fold increase from right now. I think they are overestimating the # of people who want to play DFS. Many of the people in that 40-50 million fantasy players # are just casual players playing $50 bucks a season with friends, co-workers and family.
Boost valuation first and profit as industry begins to reach maturity.
The # quoted in that article is pretty lofty and ambitious though. 2.6B in revenue when industry matures, I dunno about that.
That is about a 40-50fold increase from right now. I think they are overestimating the # of people who want to play DFS. Many of the people in that 40-50 million fantasy players # are just casual players playing $50 bucks a season with friends, co-workers and family.
