Online Fantasy Sports in the United States
Online DFS in the United States are considered to be games of skill and consequently are
exempted from restrictions that are applied to games of chance. US gambling laws state that casino games such as poker and blackjack are games of luck. Fantasy sports require knowledge and expertise and can be therefore considered games of skill. This distinction is what allows the fantasy sports market to exist in the United States legally.
Two of the biggest DFS sites in the United States, and also two of the biggest world DFS sites are the New-York based FanDuel and Boston-based DraftKings which together control 95% of the fantasy sports market in the country. Borth DFS sites are estimated to be worth over $1 billion. Many other small fantasy sports sites exist and are often preferred by players over the current DFS behemoths.
A great impulse for the definition of the DFS as games of skill has come from the four major American sports leagues which all embraced daily fantasy sports. All four are fierce opponents of the legalization of betting sites in the United States.
Internet Daily Fantasy sports in the US is legal in almost all states. According to federal law, fantasy sports are games of skill and therefore are not gambling. But individual states have their own say in the matter, and as a result, many daily fantasy sports sites have different policies regarding each state. Daily fantasy sports laws are a constant topic for lawmakers in several states, and changes to the allowances are commonplace.
Montana, Louisiana, Washington, Iowa, Nevada, and Arizona have been the toughest states when it comes to DFS. Aside from these, the ability to play daily fantasy sports in the US is fairly simple. You are able to deposit and withdraw your money through PayPal, MasterCard, and Visa.
Fantasy Football is by far the most common fantasy sport for cash in the US. In 2014, it was reported that over 33 million people play fantasy football, and 20% of these players are women. These statistics have likely increased since then.
State gambling laws are extremely complex and ever-changing. Despite this, the massive fan base that online fantasy sports for money has, and the massive revenue that they generate annually almost guarantees that DFS will continue to thrive in the United States.