DraftKings And FanDuel Fantasy Football: You Will Probably Lose

FanDuel and DraftKings

DraftKings and FanDuel are among the leaders in daily fantasy football leagues, and for good reason. They allow players to avoid many of the negatives that come with traditional, year-long fantasy football leagues, such as injuries and poor weekly match-ups. Both of these companies, which are each valued at over $1 billion according to Bloomberg, are expected to bring in $60 million in entry fees during the first week of the NFL season. Is the average player likely to win money over the long term? Bloomberg says no.

If you have watched cable television for more than five minutes in the past month, the odds are likely that you have seen a DraftKings or FanDuel commercial. These commercials are usually upbeat, glamorous, and show short interviews of former winners discussing their earnings. DraftKings has even recently shown celebration footage of some of their players who have won $1 million, right after clinching the big prize. While there is nothing wrong with these advertisements, it is important to remember that the odds of winning a top prize, or even winning consistently to stay profitable, are not great. DraftKings and FanDuel advertisements on Twitter are also tempting and glamorous for players.