DFS companies keep leaving the US

indiana

Credits: Bloomberg

New numbers that emerged this week revealed that two thirds of DFS companies have closed in just two years.

US.- Daily Fantasy Sports companies have been trying to legalise the modality in several states of the country in the last couple of years. Ever since the legality of the industry started rising questions two years ago, two thirds of DFS firms have decided to close their business in the United States.

The information was revealed by Daily Mail Australia, which noted that the pressure from the debate finally caught up with the operators. As pointed out by the Fantasy Sports Trade Association (FSTA), 81 of the initial 118 member companies are no longer offering services or either their status is currently unknown. The smaller operators got left with almost nothing and the ones who survived are the companies that operate in multiple locations. The FSTA supported the proposal from DraftKings and FanDuel, the biggest DFS companies in the world, to merge their businesses, and they’re still pending review from the Federal Trade Commission.

Whilst states like Arkansas, Indiana, New York and Maryland have recently legalised or regulated the DFS industry, it is estimated that half of the states in the country introduced measures to be able to offer DFS services.