That’s why companies like mine, BetBomb.com, and Fan Duel and Draft Kings feel confident in what we’re doing,” Drowlette said, adding that those companies are estimating approximately $3 billion in revenue this year.
VIDEO: Drunk & Dizzy Bills Fan Slams Head-On into Parked Bus
Fox Business reporter Adam Shapiro and BetBomb.com CEO Todd Drowlette joined Trish Regan on “The Intelligence Report” to discuss.
Watch more from “The Intelligence Report” above and share your thoughts on fantasy sports gaming in the comments.
Shapiro explained that Congress made online gambling illegal with the Unlawful Internet Gambling Enforcement Act of 2006, but there’s a loophole in the law that specifically permits fantasy sports gaming.
Anonymous Customers Made a Sheriff’s Day When They Paid His Diner Tab
Online fantasy sports companies like Fan Duel, Draft Kings and Bet Bomb are big business, but should they be illegal?. Football Coach Under Investigation for Praying After Games
“They’re completely different. Frank Pallone (D-NJ) is now calling for a congressional hearing into the legality of fantasy sports websites, despite the fact that the law states that there are differences between gambling and fantasy sports gaming.
H.S. Drowlette explained that the act of picking individual players makes fantasy sports a game of skill, whereas sports betting is predicated on chance.
He pointed out that Rep. The carve-out is very specific in the law