What have you always wondered about the economy? Tell Us

FanDuel: Where fantasy draft day is everyday

Kai Ryssdal and Daisy Palacios Mar 26, 2015
HTML EMBED:
COPY
Professional wrestler Mike 'The Miz' Mizanin attends the SiriusXM Celebrity Fantasy Football Draft, 2013. Michael Loccisano/Getty Imagesfor SiriusXM

FanDuel: Where fantasy draft day is everyday

Kai Ryssdal and Daisy Palacios Mar 26, 2015
Professional wrestler Mike 'The Miz' Mizanin attends the SiriusXM Celebrity Fantasy Football Draft, 2013. Michael Loccisano/Getty Imagesfor SiriusXM
HTML EMBED:
COPY

What if you could combine sports with instant gratification and make some money, while you’re at it – all while never having to leave the comfort of your own home.

Generally speaking, you can’t bet on sports online in this country. But what you can do is pick your favorite players and set up a fantasy team, where your win-loss record is based on how those players do in real life, not their teams, and make some money that way.

“It’s a game of skill, so you compete with other people in drafting teams,” says Nigel Eccles, co-founder and CEO of FanDuel.

Well, 41 million people in the U.S and Canada are doing just that. Fantasy sports has become a different kind of national past time.

However, FanDuel is not your ordinary fantasy sports site. Most fantasy sports leagues can drag on for six-months and require a lot of commitment. And if a user drafts lousy players onto their team, the joy and interest in playing is usually gone by week four or five.

FanDuel is like the fantasy sports site for the non-committed. Users can play for one day or a weekend, whenever they’d like. In the fourth quarter of last year, FanDuel had over one million paying users. 

“The game is great like that because some people love sports, they love basketball, but they are never going to be committed enough to play a seasonal fantasy basketball league. And with this you’re just committing to one evening,” Eccles says. 

 

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.