In the past 10 years, the number of people playing fantasy sports has grown from 18 million to a huge 57.4 million. What started as a niche hobby has now become a competitive game allowing fantasy sports to become a multi-billion dollar industry. An article from STATS (http://dtn.fm/Vhf1t) that pulls together data from the Fantasy Sports Trade Association (FSTA) shows that the number of people playing Fantasy Sports increased by 20% in the U.S. and 18% in Canada between 2014 and 2015.
The fantasy sports industry is one of the fastest growing in the U.S., and, according to the FSTA (http://dtn.fm/jo22O), this industry will continue with its steady growth thanks to mobile devices. IBISWorld (http://dtn.fm/vKQ4q) had this to say: “Over the past 10 years, fantasy sports services have experienced explosive absolute growth of 241.0%. Fantasy sports service firms will continue cashing in on the general move toward more mobile content, which will help bring revenue up at an annualized rate of 7.6% over the five years to 2018.”
But, for organizations such as publicly-traded holding company Singlepoint, Inc. (OTC: SING), with its recent investment in daily fantasy sports company DraftFury, the focus is about more than new mobile devices and potential new games. With the start of the NBA season on October 25, 2016, predictions are out and the population is making its choices for the coming 25-week season. Companies such as DraftFury are on track to offer their customers the best daily fantasy sports experience they can. The company, which offers skill-based daily fantasy contests for the NBA and other sports leagues, was partly acquired by Singlepoint, Inc. in May 2016.
Singlepoint believes this purchase was a great opportunity thanks to DraftFury’s ability to provide a superior gaming experience for users and its unique, seven-level referral program. The company believes this acquisition will not only build shareholder value in the short term but also create exciting new relationships in the long term. Singlepoint, Inc. announced that it is excited to be part of DraftFury’s growth, given the combination of DraftFury’s sophisticated seven-level referral program, which has enabled it to sign up over 1,800 marketing affiliates, and the start of the NBA season.
For more information, visit the company’s website at www.Singlepoint.com
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