Karissa Bell says, “Yahoo is stepping into the rapidly growing world of daily fantasy sports.

The company just introduced Yahoo Sports Daily Fantasy, a new fantasy sports platform that will allow people to compete in daily competitions for cash payouts.

Like traditional fantasy sports leagues, daily fantasy services allow users to compete against one another for cash. But unlike say, a fantasy football league, which won’t pay out until the end of a season, daily fantasy services have hundreds or thousands of contests and payouts each day.

Players pony up cash up front to enter daily competitions and that money is entered into a larger pool that is paid out at the end of the day based on who chose the best players. Particularly savvy users can earn thousands of dollars a day, though Yahoo VP Kenneth Fuchs said the average daily fantasy player spends about $257 a year“.

Yahoo unveils Daily Fantasy sports app for real cash payouts

Mashable
Sharing is caring