Entrepreneurs cash in on fantasy sports leagues

There’s big money in fantasy sports, reports NPR News.

That’s because people put real money on the line to take part in fantasy leagues—last year alone, the news outlet says participants shelled out more than $1 billion.

Read: Which baseball team ranks highest?

As a result, small businesses are springing up and boosting the fantasy-sports economy. For example, one company helps leagues manage member fees and payouts, while another offers people insurance that ensures they get a refund on their fees if they pull out of a season. Read more.

Read:

Should your client buy a sports franchise?

For portfolios in need of pinch-hitting

Young entrepreneurs will be your next big clients

Flaherty cuts tariff on sports equipment

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.