Winning Money at Daily Fantasy Sports Is a Long Shot

The odds of bringing home big bucks aren't in your favor.

Anyone who watches professional football on TV has likely seen the commercials for DraftKings or FanDuel, the two biggest companies in the growing industry of one-day fantasy sports. The ads make fantasy games sound easy. Select a sport, pay an entry fee (typically $1 to $20) and choose a lineup of players based on who you think will perform well in that day’s real-life games. Assemble a better team than your competitors, and you stand to win a jackpot of hundreds of thousands of dollars or more.

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Ryan Ermey
Former Associate Editor, Kiplinger's Personal Finance

Ryan joined Kiplinger in the fall of 2013. He wrote and fact-checked stories that appeared in Kiplinger's Personal Finance magazine and on Kiplinger.com. He previously interned for the CBS Evening News investigative team and worked as a copy editor and features columnist at the GW Hatchet. He holds a BA in English and creative writing from George Washington University.