A Turn-Key Regulated Solution
USFantasy Sports is operated under the strict supervision of the highly respected Nevada Gaming Control Board. It is the first daily fantasy skill-based wagering solution approved by gaming regulators in the United States. USFantasy Sports provides proprietary content using the regulated pari-mutuel systems, which currently operate in forty-three states. The company serves as a content provider to casino sports books. USFantasy Sports is the only Daily Fantasy Sports platform available to persons within Nevada. USFantasy provides several daily and weekly contests in varying categories allowing individuals to make wagers on who they think will be the top statistical scoring performers. All wagers are placed in a pari-mutuel pool and paid out at the conclusion of the final game in each contest.
The company offers its platform and its unique ability to develop contests for any jurisdiction which can include casinos, racetracks, OTB’s, ADW's, state lotteries and mobile systems. USFantasy Sports’ efforts are designed to provide state governments with a regulated solution to oversee fantasy sports, while generating revenues from its operations. Tax revenues are easily generated according to the established rates set by the applicable state governments and municipalities operating with pari-mutuel systems. We are currently working with over a dozen different state gaming jurisdictions to offer our Daily Fantasy Sports solution.
The American Gaming Association has conservatively estimated that close to $150 billion is wagered illegally annually on sports. A clear opportunity exists to satisfy the consumer demand for sports wagering entertainment through skilled-based fantasy contests. USFantasy Sports provides consumer protections through transparent proven pari-mutuel systems, while preserving the integrity of the actual sporting events.
Pari-mutuel, translated from its French origin, literally means “wagering amongst ourselves.”
Unlike “house” banked games typical in casinos or salary caps and handicaps determined by fantasy sports providers, pari-mutuel systems allow the fantasy sports contestants to determine pricing and the freedom to play contests according to their expertise: from easy to difficult.
Pari-mutuel systems sort wagers of a particular type to be pooled into a virtual “auction,” where contestants transparently determine the pricing of athletes in the contests.
Taxes and operating expenses are reserved and then contestant payoffs are calculated by dividing the net pool amongst all winning contestants. The pools are consistently updated and presented to the contestants in real-time. Final payout odds can fluctuate until the contest is closed at the beginning of the first sporting event.
WIN/PLACE/SHOW and pari-mutuel sports wagers pay out 90% of all contest entry fees. The commission, or take-out, rate is 10%.
The EXACTA and DALY DOUBLE commission rate is 11%.
The TRIFECTA and PICK-3 commission rate is 12%.
The SUPERFECTA and PICK 4-7 commission rate is 15%.