Disney is deepening its relationship with hard-core sports fans by investing $250 million in the fantasy, play-for-real-money sports business DraftKings. This is an interesting business for Disney to invest in, considering its child-friendly brand and reputation. But both DraftKings and larger rival FanDuel (owned by Comcast) steadfastly maintain that these are games of skill and not gambling, and are legal for online play. Specifically, they note the Unlawful Internet Gambling Enforcement Act carves out space for fantasy sports.
Last year there was $423 billion in total gaming win (gaming revenue) across the globe. Lotteries accounted for 29 percent at $121 billion, with what the report terms “other gambling” such as sports betting and parimutuel racing as the next biggest chunk at $118 billion or 28 percent and online gambling at $37 billion or 9 percent. Of the $146 billion from land-based casinos, US commercial and tribal operations took in $67 billion (46 percent), Asia and Australia casinos $61 billion or 42 percent. The rest of the world’s brick-and-mortars had $18 billion or 12 percent.