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DraftTeam reveals triple-digit percentage growth for fantasy gaming

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Following the kick off of the NFL and NCAA college football seasons DraftTeam (CVE:DTS) told investors that US$1mln has been paid out to its cash fantasy football players during the first two weeks of September.

DraftTeam, a partner in the online Fantasy Aces service, said the business saw gross revenue rise 977% in period between July 1 to September 14.

During that time game entries were up 500%, while tournament payments rose 910%.

Fantasy Aces - alongside rivals DraftKings and FanDuel - is among a number of emerging gaming companies offering legal online cash-stake fantasy sports competitions.

As well as American Football, the tournaments also span golf, basketball and hockey.

DraftTeam said it is “very excited” about the growth seen in 2015 and it expects this to continue through the remainder of the year.

Dave Antony, DraftTeam chief executive, said: "We are extremely excited with the growth FA has shown over the last two weeks.

"With DraftKings and FanDuel heavily marketing over all the major networks, we've seen tremendous excitement and user growth on our site. 

“We're looking to penetrate a multi-billion dollar market and are working to cement ourselves as the third largest and the only pure-play publicly traded fantasy sports site in the market today. 

“I truly believe we're only at the beginning stages of what this industry will turn into over the next few years and I'm excited to be a part of it."

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TSX-V:DTS
Market: TSX-V
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