US fantasy sports crackdown may hurt TV advertising growth
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THE future growth of television advertising could be hobbled by a crackdown on one of its big contributors: daily fantasy sports sites. Almost 60 per cent of the increase in ad sales last quarter - or US$134 million of total growth of US$227 million - came from daily fantasy sports companies, Todd Juenger, a media analyst at Sanford C Bernstein & Co, wrote in a research note on Wednesday.
He called that amount both "startling" and "unsustainable". "Daily fantasy sports sites may not even exist next year," Mr Juenger said.
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