Fantasy sports websites boast million dollar prizes, and seven figures is nothing to sneeze at. For that matter, neither is the controversial $350,000 payout an employee at fantasy sports site DraftKings employee recently earned at rival site FanDuel.
While the daily fantasy sports jackpots can be big, they’re a mere drop in the bucket of what has become a massive, multi-billion dollar industry.
Estimated total annual spending on fantasy sports in the U.S. and Canada, considering the FSTA reports an average annual spending of $465 per player. (FSTA)
Number of paid active players on FanDuel, according to the company. (FanDuel).
Number of new user signups DraftKings had during the first weekend of the NFL 2015 season. (AP)
Amount DraftKings brought in from user entry fees in 2014. In 2013, the website generated $45 million in entry fees. (Forbes)
Amount FanDuel brought in from entry fees in 2014. (Forbes)
Number of states that allow daily fantasy sports contests, because those states consider them a game of "skill," not luck. It’s considered legal on a federal level, according to the 2006 Unlawful Internet Gambling Enforcement Act.
Total amount generated from entry fees for FanDuel’s Week 3 tournament, with the fee at $25. (FanDuel)
Number of entries in FanDuel’s NFL Week 3 tournament. DraftKings employee Ethan Haskell came in 2nd in the tournament, winning $350,000. His win has spurred a fantasy sports “insider trading” scandal. (FanDuel)