Fantasy Sports is a huge phenomenon and currently legal in New Jersey. It's not being offered yet.
It's my guess that once IGaming starts, one of the casinos will include it. I decided to seek out someone familiar with fantasy sports betting.
Seth Young is the Chief Operating Officer at Star Fantasy Leagues, based in
Rochester, NY, where he brings a decade of experience in IGaming to the fantasy
sports industry.
Fantasy Sports Betting is a viable
option to wagering on games Nevada style. (Picking a team or individual). What has stopped the casinos in Atlantic City
from implementing it?
This is a
great question, but I think ultimately it comes down to the time and expertise it
takes to develop a viable platform to offer these games to a customer. At Star
Fantasy Leagues we’ve been working for more than a year to develop our
proprietary software, and there’s really no end in sight to the additions and
improvements we see that we can make to our technology.
What the most popular Fantasy sport
after NFL football?
Baseball,
basketball, and hockey are all popular, but If we’re talking about daily
contests at Star Fantasy Leagues, a lot of people who predominantly play our
football games on a weekly basis will find that the transition to daily fantasy
basketball is easier than baseball or hockey. Each game takes a different skill
set, but basketball is probably the easiest one to understand behind football.
I’m sure some people would be happy to debate that, though.
Most of the casinos are treading
slowly into the online market. Would
fantasy add traction to that?
Well, I
don’t really see the Internet disappearing anytime soon, so it would be a
natural progression for casinos to get into the online market for all the games
they offer. As long as state and federal governments decide to legislate to
protect consumers instead of special interests, adding a suite of fantasy
sports games to traditional casino games would complement any casino’s online
offer, and allow their customer to better engage with sporting events.
ESPN and the social media engines (Yahoo)
have their own fantasy leagues. What is the lure to join a league such as
yours?
Star Fantasy
Leagues offers daily and weekly contests for different sports. This means that
instead of a traditional season long fantasy gaming platform – which we are
also developing – you can join a new contest every single day. You can draft a
team for basketball on Monday, enter a contest, and root for your players that
night. On Tuesday, you can collect the cash you’ve won, draft a new team, and
do it all over again. As a sports fan myself, it’s truly awesome. But that’s
why we built it… because we’re sports fanatics ourselves.
Tell me about your league?
Star Fantasy
Leagues was born from the minds of the brothers Zach and Justin Stanley. They
were playing daily and weekly fantasy sports on the sites of some of our
current competitors, and they were unhappy with the software and user experience.
Instead of simply complaining about it, they decided to build what they wanted
themselves and do it better than anybody else.
How does someone get started in a
league like yours?
You can
visit http://www.starfantasyleagues.com and sign up for an account. From
there, you can make a deposit into your game wallet by using PayPal or any
major credit card, join a contest, draft a team, and watch your player’s stats
in real time. If you get the most points, you win the most cash. It’s really
very simple once you take a few minutes to look at the website.
Many people are concerned about
compensation with online gaming. How would you alleviate that concern?
Well, for
one, we’re not a gambling website. Pursuant to US federal law, wagering on the
contests we offer is considered to be a game of skill, not a game of chance.
Regardless, Star Fantasy Leagues has important consumer protection in place. We
appear to be the only company in our space offering age, ID, and location
verification through our partners at IDology to ensure that our customers a)
are of legal age to make a wager, b) are who they say they are, and c) are
accessing our games from a jurisdiction that we accept traffic from.
Additionally, we also fully segregate player funds from operating expenses, so
player funds are never at risk. It’s frustrating that something like that needs
to be clarified, and it’s wholly due to the legacy that some dishonest
companies have left in the online gaming space.
What would you provide to a brick and
mortar gaming operator?
If we decided we’d like to work with a brick and mortar operation, Star Fantasy Leagues could offer a turnkey solution for any casino interested in entering the online market for daily, weekly, and season-long fantasy sports, from the B2B to B2C.
Follow Seth on Twitter at @sethyoung
Read this link of a previous post about Fantasy Sports Betting in NJ.
Follow me for more from G2E in Las Vegas
Follow me on Twitter at @GamingGuyM
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