DFS spend expected to double by 2021
Other key points from the Juniper Research detail:
– Key players will seek to develop new markets including the UK, Australia and Latin America.
– After North America, West Europe will become the next major market during the coming 5 years.
– While DraftKings and FanDuel already represent over 90 percent of the DFS market, their consolidation will “dwarf” their closest rival Yahoo, the report reads.
From a different angle, author of the report, Lauren Foye revealed that the research argued “pay-outs on guaranteed prize pools, sometimes worth millions of dollars, significantly constrain providers that may already have invested heavily in high-profile advertising campaigns”.
In addition, “DraftKings and FanDuel have used aggressive marketing strategies that gave rise to accusations of false advertising and concerns with cost overruns,” Foye said. “Both they and emerging players will need to quell suggestions that only 10% of ‘professional’ players win the monetary prizes on offer.”
The research opines that concerns could be addressed through private leagues, where users compete with friends, essentially removing the issue surrounding pro-players.
State attorneys general push for local control over sports prediction markets
Massachusetts high court signals skepticism in Kalshi sports contracts case
Win Systems launches Wigos CMS at Casino City Center Rosario in Argentina
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
CT Interactive expands portfolio, boosts Bulgaria presence in April
MGM Resorts posts record first-quarter revenue as profit slips on weaker margins
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
Racing and Sports partners with Altenar to enhance global racing offering
Altenar wins Best Online Sportsbook Provider 2026 at SiGMA South America
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
