What should not come as a surprise is how the legalization and ultimate commercialization of the industry enjoyed by millions is turning into a multibillion-dollar machine. Nonetheless, it was not until recently that the United States began experiencing widespread legalization, which has spread like wildfire across the country. What comes as a surprise to many is that DFS has actually been around since the 1960s.
We are seeing the entrepreneurial impact of this rapidly developing sect of our digital economy firsthand.
Call it bias by personal interest, but there is something universally sexy about an industry fitting the bill as Vegas meets Hollywood meets SuperBowl Sunday. Here at Vela Wood, arguably one of our most exciting practice areas is Daily Fantasy Sports (“DFS”).
