By: Alex Karl
American consumer markets are always seeking to develop new cutting edge ways to make money. One ever-present revenue goliath is the sports industry, which generates roughly $14.3 billion annually.[1] With every industry there are others who try to latch on and make a profit of their own, and this is no different with the sports industry and Daily Fantasy Sports (DFS) sites. DFS websites such as FanDuel and DraftKings hone into this market by allowing it’s users to enter into contests where they create lineups from athletes in their respective sports in an attempt to win money.[2] The sites offer contests on a range of sports, including the NFL, NBA, MLB, PGA and more.[3] After choosing a contest you wish to join and paying a fee, users are allotted a set budget in which to create their lineup and each respective athlete is given … Read the rest