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DraftKings Launches in Australia

DraftKings Money still changes hands and players are paid their winnings at the end of the day or the week depending on how long their games are. The company estimates about 8 million people play during a week. The company stated that Australia was a natural market to extend into because of an increase in the sports appetite for fantasy play on much-loved sports, such as cricket and football. In addition, DraftKings looks for a specific kind of market to get into. It is a market in which people are passionate about sports but also are sophisticated with regard to technology. In other words, the market must be able to have access to the fantasy platform from wherever a person is, whether it’s a cell phone, tablet or laptops. So far, DraftKings’ extension into Australia has only reached the Northern Territory Racing Commission, which allows the company to offer daily fantasy games to Australians. At present, Australia is seen as an untapped market for daily sports fantasy gamers because, until now, the market has been small. The racing association estimates 2 million people currently play daily fantasy sports in Australia. There has been no announcement of the types of fantasy sports DraftKings will offer in the country. At the moment, DraftKings has a variety of sports products that depend on the skill of the individual who is playing.

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