Yahoo unleashes all-new daily fantasy sports league, expects it to be a game changer

By MoneyTimes

Jul 09, 2015 06:53 PM EDT

Yahoo's official launch of its daily fantasy sports league has stirred a joyful gush of excitement among the millions of fantasy users across the world. Yahoo Sports has been a leader in entertaining their fans with highly engaging sports updates, news, events and mainly sports fantasy contests and appealing prizes.

With the daily fantasy sports league, Yahoo intends to push the game to a whole new level and offering what the fantasy fanatics are craving for- exhillarating wins. Yes, Yahoo Sports Daily Fantasy provides all fantasy users with the odds of grabbing cash prizes daily.

Fantasy users can partake in the daily fantasy league contests by paying a fee and pick one team from the list of players, who will contend in the games that day. In addition, the new fantasy sports league permits to invite friends and create own contests. 

According to Kenneth Fuchs, VP Products for Yahoo, the platform boasts of a massive reach of say, 98 million sports fans spread all across the country splurging a whopping 30 billion minutes every year participating in various fantasy sports contests run by Yahoo, season-long contests in particular. Yahoo Sports Daily Fantasy league is accessible to millions of fanatics through the Yahoo Fantasy App available on iPhones or any other devices through browser.

The daily spending cap has outgrown from $5 million to a staggering $257 million in the last three years signifying a huge untapped growth and thus, the new fantasy sports league is claimed to be highly mobile and social with a well-integrated look, Fuchs added.

The league is said to have various sports contests like guaranteed or 50/50 contest. Yahoo will manage all the funds poured in by fantasy users and assures for a secure payment system in place. Pay outs will be through PayPal within two days.

Though users can create their own contests, but this is applicable only for Major League Baseball as of now, more new sports will be kicked off soon in 45 states. However, fantasy fanatics from Washington, Montana, Louisiana, Arizona and Iowa cannot participate in Yahoo Sports Daily Fantasy.

Yahoo's Daily Fantasy sports league is debuting at a time when the daily fantasy sports contest platform is being ruled by names like FanDuel and Draftkings. It will be interesting to see how Yahoo fares in the competition.

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