Nevada Shuts Down Booming Daily Fantasy Sports

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Nevada Shuts Down Booming Daily Fantasy Sports

Daily fantasy sports, where you compete with other sports buffs to see who has the best line up of players in a given sport, has been booming for the last couple of years. Profits and valuations for the major players in the industry like FanDuel and DraftKings have also been soaring as tens of thousands of new players signed up to play.

That said, the fantasy contest providers are taking a 15% cut off the top in contests with entry fees ranging from $1 to $5000, and critics have called daily fantasy sports just another form of sports gambling.

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