Many fantasy sports enthusiasts are sports no longer satisfied with winning bragging rights from their friends. Now they're increasingly vying for cash prizes from leagues that don't require them to wait an entire season to get a payout. And the surging popularity of daily fantasy leagues run by DraftKings and FanDuel has caught the attention of big media companies.
DraftKings recently secured $300 million in a funding round lead by Fox (FOXA) Sports along with Major League Baseball, the National Hockey League and Major League Soccer. The closely held company plans to give away $1 billion in prizes this year, more than triple the $300 million it awar