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News Flash

DFS and Online Poker

RollingStone.com's Evan Grossman poses the question of Daily Fantasy Sports ending up like online poker in a recent column.

"Launched in 2012, DraftKings is already pulling in more than $100 million in annual revenue from more than 2 million active users. Last year it awarded more than $1 billion to users with methods identical to how a casino or online poker game works: Players pay to participate in an event, the site keeps a percentage of the pot, and the competitors fight for their share of the remaining cash. Its rival, FanDuel, had more than 1.1 million active players at the end of 2014, generated $57 million in revenue, and expects to pay out $2 billion in winnings this year. When FanDuel launched in 2009, it had five registered players, most of which were found on Craigslist."

The Chris Moneymaker story (a $39 seat in a PokerStars satellite became a WSOP Main Event seat) of winning the poker world's most coveted trophy, a championship bracelet, and the first place prize of $2.5 million sent online poker right into the media mainstream.

With the Nevada Gaming Commission's recent ruling that DFS is gambling and the death of online poker in the United States in April, 2011, the title of Grossman's article "Will Daily Fantasy End Up Like Online Poker? You Bet" could become reality.

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