DraftKings CEO Says Daily Fantasy Sports Is Not Sports BettingDFS Site Operator Says Less Than 15 Percent Of Customers Bet On Sports |
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Speaking at a sports betting panel at the Global Gaming Expo (G2E) in Las Vegas, DraftKings CEO Jason Robins pointed out that the average daily fantasy sports player doesn’t bet on sports.
Robins, who compared DFS to skill-based games like chess, explained that less than 15 percent of DraftKings customers report that they bet on sports, either through sports books or offshore sites.
“It’s quite a different experience and it attracts quite a different customer,” said Robins.
Despite the claims made by Robins, critics of DFS have argued that it should be regulated like traditional gambling. American Gaming Association President Geoff Freeman stated that DFS is currently operating in “a grey area” and that his organization would take steps to give the industry some legal transparency.
Many states are looking into the legality of DFS, including California, Massachusetts and Florida.
Robins was joined on the panel by Penn National Gaming Managing Director Chris Sheffield and CG Technology Executive Jeff Burge. Burge stated that both DFS and traditional sports gambling could coexist without affecting the other’s bottom line.
“By all of our estimates, there’s plenty of market to go around,” said Burge.
DFS has already grown into a billion dollar industry that is expected to grow to $2.5 billion by 2020.
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