There was an interesting little DFS tidbit in an article over at BusinessInsider today.
While discussing the Chinese government’s crackdown on Macau, Wall Street guru Jason Ader made a bold claim about the future of fantasy sports.
“The business has the potential to be as big as Macau over time,” Ader said.
Now, he wasn’t necessarily referencing Macau’s once booming—and now declining—40-percent profit margins, but the author certainly made the connection. In addition, it’s unclear if Ader was talking about solely DFS or fantasy sports as a whole, but later he singled out FanDuel and DraftKings as two gaming experiences millennials prefer over “the traditional gaming experience.”
Ader, who cut his teeth as an analyst at Bear Stearns, was a guest on CNBC’s Fast Money on Wednesday. He said that soon enough fantasy sports will replace slot machines as the primary way Americans gamble.
There’s that “gamble” word again.