we would play a forerunner of fantasy and frankly 5% of the entire industry is the daily fantasy industry. the rest of the industry is fantasy on a seasonal basis that nobody questions. i think we ll see in the future most of this evolving into technology companies as opposed to media companies which is another issue. mark cuban is right. why do you think the daily fantasy sports are seen one way, season long sports are seen a different way. in my opinion season-long fantasy sports is skill based. players are constantly making moves. things are changing. daily fantasy sports is gambling because it is a game of chance. any events can happen that day, alter the game, outcome and essentially be just determining the outcome which is gambling. when you say it s legal attorneys general say fan duel and draft kings isn t legal in their opinion. in fact it s been this week we saw an attorney general stand up, from rhode island who said he thinks it is legal but needs to be regula
on the money starts now. this is on the money, your money, your life, your future. now, becky quick. more than 150 million people around the world are expected to watch the broncos and the panthers in the super bowl this weekend. to some of the fans the winner of the real game isn t as important as the outcome of the fantasy games where prizes can be more than a million dollars. our daily fantasy sports just a game or gambling? that s the cover story. draft kings and fan duel is largest sites have spent more than $200 million on ads promising big paufs. users compete trying to pick the best player for the virtual team. the winner is determined by the player stat that is day and a cash prize is awarded. nearly 57 million people in the united states and canada play fantasy sports. up nearly 90% since 2008. professional sports leagues and big companies invested in the but as daily fantasy sports have grown in popularity so have questions about the legality. that s spurre
largest sites hav spent more than $200 million on ads promising big paufs. users compete trying to pick the best player for the virtual team. the winner is determined by the player stat that is day and a cash prize is awarded. nearly 57 million people ininhe united states and canada play fantasy sports. up nearly 90% since 2008. professional sports leagues and big companies iested in the concept. but as daily fantasy sports have grown in popularity so have questions about the legality. that s spurred protest. most players lose money. a study by sports business journal found in the first half of 2015, 91% of baseball s daily fantasy player profits were won by 1.3% of users. the attorneys general of six states call it gambling or illegal under state laws. investor like the dallas mavericks owner mark cuban say it is a game of skill. daily fantasy aren t gambling. period. end of story. comcast and nbc universal, the parent company that produce it is program own a stake in fan
grown in popularity so have questions about the legality. that s spurred protest. most players lose money. a study by sports business journal found in the first half of 2015, 91% of baseball s daily fantasy player profits were won by 1.3% of users. the attorneys general of six states call it gambling or illegal under state laws. investors like the dallas mavericks owner mark cuban say it is a game of skill. we know fantasy sports and daily fantasy aren t gambling. period. end of story. comcast and nbc universal, the parent company that produce it is program own a stake in fan duel. are daily fantasy sports skill or gambling? timothy fong is from the ucla gambling studies program and rick ca are, ro is a sports attorney. thank you for being here. rick, what do you think? gambling? it s a game of skill based on my prior history. in the 60s i would send draft picks in the mail to friends. we would play a forerunner of fantasy and frankly 5% of the entire industry is the da
of 2015, 91% of baseball s daily fantasy player profits were won by 1.3% of users. the attorneys general of six states call it gambling or illegal under state laws. investors like the dallas mavericks owner mark cuban say it is a game of skill. we know fantasy sports and daily fantasy aren t gambling. period. end of story. comcast and nbc universal, the parent company that produce it is program own a stake in fan duel. are daily fantasy sports skill or gambling? timothy fong is from the ucla gambling studies program and rick ca are, ro is a sports attorney. thank you for being here. rick, what do you think? is it a game of skill or gambling? it s a game of skill based on my prior history. in the 60s i would send draft we would play a forerunner of fantasy and frankly 5% of the entire industry is the daily fantasy industry. the rest of the industry is fantasy on a seasonal basis that nobody questions. i think we ll see in the future most of this evolving into technology