Daily fantasy sports players are spending more this year and now deposit on average USD 465 annually, according to statistics from the Fantasy Sports Trade Association.
Daily fantasy sports players are spending more this year and now deposit on average USD 465 annually, according to statistics from the Fantasy Sports Trade Association.
And yet market leaders DraftKings and FanDuel have yet to show a profit, instead investing heavily in marketing in order to build massive player bases.
Analyst Adam Krejcik of Eiler’s Research spoke to CNBC about the phenomenon here: