Online Fantasy Sports 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. Many daily fantasy sports sites have different policies regarding each state. Daily fantasy sport laws are a constant topic for lawmakers in states, and changes to the allowances are commonplace.
The two biggest online daily fantasy sports sites in the US are New-York based FanDuel and Boston-based DraftKings. Together, these sites control 95% of the fantasy sports market, and are both 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.
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.
US gambling laws state that casino games such as poker and blackjack are games of luck. Fantasy sports require knowledge and expertise, and are therefore considered games of skill. This distinction is what allows the fantasy sports market to exist in the United States legally.
The fact of the matter is 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 Unites States.