Following the Supreme Court's overturning of the Professional and Amateur Sports Protection Act (PASPA), daily fantasy sports (DFS) providers look set to play a major role in the regulated US sports betting sector.
Having built up databases of highly engaged sports fans that are willing to put money at risk, DFS operators could find themselves in particularly strong positions. Those with the funds could enter the real-money betting market, while others could be acquired by companies looking to take advantage of their customer data.
The Fantasy Sports Trade Association (FSTA), which represents the sector's leading traditional and daily fantasy operators, says that the Supreme Court ruling is likely to have a "significant impact" on the industry.
"We expect that many fantasy sports companies will elect to offer sports gambling products in addition to their fantasy sports games and the FSTA intends to support those member companies," the FSTA said.
"We are excited about the variety of gameplay innovations that will be developed in the future," it added. "Consumers will benefit from a new era of fantasy games that merge fantasy sports and sports betting."
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