Daily fantasy sports companies like DraftKings allow users to create virtual teams from real professional players and earn points based on how those players perform in actual games. Users pay small entry fees, and the top scoring teams split large payouts. DraftKings was founded in 2012 and now has a large user base participating in daily contests across multiple sports. It has expanded into online sports betting as more states legalize sports gambling. DraftKings competes primarily with FanDuel and sees continued success and growth as the market leader in daily fantasy sports and expands into new areas like sports betting.