Million Dollar Fantasy

Description:

 

Invention Summary

 

Million Dollar Fantasy is a method of processing sports betting, specifically “Fantasy League” style betting, using a processing system. This system processes the users’ desired players and automatically distributes points and rewards based on the integrative method. With this application, the world of fantasy sports betting takes on a whole new form.

 

Market Opportunity

 

The betting industry has enjoyed a boost within the last five years, particularly in the United States. Per IBISWorld, 2018 marked a crucial year for the betting industry largely due to the U.S. Supreme Court’s decision to strike down a 1992 legislation banning sports betting. Following the decision, the industry enjoyed a 4.5% boost in revenues as more states in the U.S. legalized sports betting. With sports betting taking up 53% of the total market’s segmentation, this increase is expected to improve the industry’s performance in the years following 2019 by an annualized rate of 2% to $238 billion.

 

With industry growth comes increasing demand for new, innovative ways to implement wagering and random outcome systems into businesses. With the popularity of sports betting surging with the digital age, translating these figures into the digital world becomes of utmost importance. Systems like Million Dollar Fantasy allow for this industry to fully take advantage of the benefits of technology.

 

Features and Benefits

 

•       A method specifically built for fantasy sports betting applications.

•       Integrative processing system automatically tracks pertinent betting data.

•       Unique systems for allocating rewards and earnings allows for an all-in-one package.

•       Uses technology to innovate traditional fantasy sports betting.

•       System-based application allows for ease of integration in various commercial betting settings.

 

Intellectual Property

 

U.S. Utility Patent No.: 14/920,981

 

Patent Information:
Category(s):
All
Gaming
Apps
For Information, Contact:
Zachary Miles
Associate Vice President for Economic Development
University of Nevada, Las Vegas
702-895-0937
zach.miles@unlv.edu
Inventors:
John Lukasik
Keywords:
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