Fastest Growing Segment In Sports Industry (Bloomberg)
According to the Fantasy Sports Trade Association, $3.38 billion were spent last year on daily-play fantasy sports ‚?? making it the fastest growing segment in sports fantasy.¬† The association‚??s president, Paul Charchian, said, ‚??It‚??s growing so fast by the time we get research back, it‚??s already out of date.¬† It‚??s gotten more investment in the past two years than in the history of fantasy sports combined.‚?Ě¬† In fact, just last November, DraftKings Inc., a Boston-based organization of daily fantasy players, just completed a November fundraising that stuffed its coffers with an additional $24 million.¬† Even Comcast Ventures ‚?? the venture capital affiliate of NBC‚??s Compcast Corp. was part of a group that helped fund FanDuel Inc., to a $11 million stake.¬† So what‚??s the timeframe on publicly traded fantasy sports?