Daily Fantasy Sports is just like Fantasy Sports, but simpler. It’s shorter, where players can join different types of contests that run for a day or a week at most. There are two big DFS service providers today, which are FanDuel and DraftKings. These two dominate the DFS industry, and you can play all types of sports here. For example, if you choose to play at DraftKings, you can use a Draftkings Optimizer to create your roster. And let’s say that your favorite sport is NHL, then you can use an NHL Draftkings Optimizer to help you choose your team.
Like many other games, DFS also started from the bottom. But when the internet became widely accessible, that was when Daily Sports Fantasy finally took off. So if you’re curious and want to know how the Daily Fantasy Sports Industry became this giant in today’s world, let’s learn more about it and why you will want to start playing it below.
The Essence of DFS
Daily Fantasy Sports is very simple to understand. First, you have to enter a contest. After that, build a team of athletes for a particular sporting game. Then, you have to track your team’s performance. If you win, you get to collect your winnings once the contest is over. You don’t have to worry about injuries, changing team roles, or suspensions, which is what happens with Fantasy Sports. Making money with DFS is a lot more consistent than Fantasy Sports too.
Old Fashioned DFS & The Rise of the Internet
DFS can be traced back to the 1990s, where several newspapers carried a baseball game called Dugout Derby and a football game called Pigskin Playoff. Players need to call a phone service for $2.00 for one minute to complete and manage their teams. Then, an additional $1.50 is added for another minute.
Once the internet era started, things for DFS players became easier. The first DFS contest done online is IFS or Instant Fantasy Sports. It was bought by NBC Universal, renamed SnapDraft. But they closed down when other platforms took over.
FanDuel & DraftKings
FanDuel was launched in 2009, which Nigel Eccles founded. It was one of the first DFS service platforms, where players could enjoy Daily Fantasy Sports much more comfortably. In 2012, DraftKings entered the chat, and it became the biggest competitor of FanDuel ’til now. These are the two biggest DFS service providers that Americans can enjoy.
The Future of Daily Fantasy Sports
In 2018, both FanDuel and DraftKings entered the sports betting space. But the only state that allows sports betting is New Jersey, and both DFS sites are working hard to extend to more states. Now, you can see that the future of Daily Fantasy Sports lie with the sports betting market. It’s expected to grow bigger and more prominent as the years go by.