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Closing Bell

Industry Report Downgrades Outlook For Daily Fantasy Sports

The '16 outlook for the daily fantasy sports industry has been significantly downgraded, according to a new report from Eilers & Krejcik Gaming, which extensively studies the gaming industry. In the report issued earlier today, the overall DFS market has been projected to reach at best $14B in annual entry fees by '20, down sharply from a prior forecast of nearly $18B per year by that point. Because of ongoing legislative scrutiny on DFS all around the country, the report issued three different industry forecasts, each of which are worse than the firm's prior projection. A worst-case scenario assumed DFS operators are forced to withdraw from or severely limit operations in multiple high-revenue states.

For more on the report, see tomorrow’s issue of THE DAILY.

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