Latest in Gambling

Image credit:

Yahoo wants you to gamble on fantasy sports

Sean Buckley, @seaniccus
July 9, 2015
Share
Tweet
Share

Sponsored Links

You already use Yahoo Sports to track your fantasy leagues, meticulously crafting winning line-ups each week for the sheer thrill of bragging rights--but what if you want to make it, well, interesting? Now you can: Yahoo just updated its fantasy sports app with daily, real-money tournaments.

Getting started is pretty simple: Yahoo Fantasy users can add up to $600 per day to participate in curated public contests, or private tournaments with their friends. The app uses a simplified salary limit ($200 budget per tournament), with winnings paid out at the end of each day via PayPal. Not confident enough in your draft to put cash on it? Don't worry--Yahoo will also host several free tournaments each day for folks just want to play for fun.

The Yahoo Fantasy update comes at just the right time for the company: advertising revenue at Yahoo has been in a steady decline in recent months--gambling could be just what the firm needs to keep the books balanced. Online fantasy gambling is a fast growing market (remember that $250 million Disney poured into DraftKings?)--and with Yahoo poised to pocket 10-percent of all player entry fees, Daily Sports looks like a solid bet.

Engadget’s parent company, Verizon, now owns Yahoo. Engadget remains editorially independent.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Ring launches its cheapest connected doorbell yet

Ring launches its cheapest connected doorbell yet

View
NASA's asteroid-sampling OSIRIS-REx probe will head back to Earth in May

NASA's asteroid-sampling OSIRIS-REx probe will head back to Earth in May

View
Disney+ restricts kids from watching content with racist stereotypes

Disney+ restricts kids from watching content with racist stereotypes

View
2021's first big Xbox exclusive is just OK

2021's first big Xbox exclusive is just OK

View
Super Bowl TV deals 2021: sales from Amazon, Best Buy and more | Engadget

Super Bowl TV deals 2021: sales from Amazon, Best Buy and more | Engadget

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr