Online Sportsbook Now Offering Fantasy Sports Option
Fantasy Sports has exploded into an multi-billion dollar a year business, with FanDuel and DraftKings leading the way with fantasy tournaments and daily games.
These two companies have currently eluded the US laws on gambling, because fantasy sports games are not considered gambling, but rather games of skill, with DraftKings and FanDuel taking full advantage of that loophole in the US gambling laws.
However, the State of New York is in the process of banning fantasy sports for all New York State residents, and a final decision will be made at the end of January. Regardless of what the decision is, the fact is that fantasy sports is a huge popular business, and just recently one of the best online sportsbooks in the offshore industry, AceSportsbook.com, added a Fantasy Football betting option.
It was only a matter of time before one of the best online sportsbooks in the world got into the mix and began to challenge the Fantasy Sports Industry. Sure, the best online sportsbooks may not have as many Fantasy betting options right off the bat, and may not have daily tournaments, however they can offer customers many other sports betting options that Fantasy sites are not able to offer.
AceSportsbook.com is one of the first online sportsbooks to offer fantasy sports as a betting option, and it will only be a matter of time before other online sportsbooks begin offering fantasy sports options as well. This could be a big blow to the fantasy sports industry, especially if websites like FanDuel and DraftKings began getting outlawed in certain States.
If the US government one day realizes that no matter what they do, people are still going to play fantasy sports and gamble on sports, then they may finally make the decision to legalize gambling. Since both are billion dollar industries, the US government would be rewarded in the form of large amounts of taxes being paid by players and companies. Most of the rest of the world has legalized gambling, so it could only be a matter of time before the US jumps on board. As a result there may even be potential partnerships between Fantasy Sites and some of the best sportsbooks in the world, since they both are catering their business to the same market.
Want to try out fantasy sports betting on AceSportsbook.com? If you sign up for an account and deposit now, you will get a 100% bonus -- but hurry, this introductory fantasy promo expires on Monday (1/11/16).
