Meet a guy who makes a living on fantasy sports – CNBC

Daily fantasy games could generate an estimated $2.6 billion in entry fees this year, a 41 percent increase from last year, according to research firm Eilers Research. Amid the DraftKings and FanDuel advertisements that may encourage inexperienced players to jump in with the allure of big money, the industry has also come under criticism that most of the cash ends up in the hands of a few top players.

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“There are so many commercials, I think it’s just a natural backlash,” Fisher said. “Most people, I would say, should definitely just focus on having fun and don’t go in thinking you’re going to make millions of dollars.”

Fisher, the seventh-ranked player in the world on fantasy site RotoGrinders, believes his professional poker experience lends itself to turning a profit in the “cutthroat” world of big-money fantasy sports. Seeking out beatable opponents and understanding risk come naturally to people with a gambling background, Fisher said.

Of course, putting tens of thousands of dollars on the line every week can bring some stress. Fisher spends about eight hours a day on fantasy. He does yoga while away from the games to reduce pressure.

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Monday’s Times report has led to more scrutiny of the fantasy sports business model. It opens “monumental concerns” about how fantasy sports sites handle confidential information, said Marc Edelman, an associate professor of law at Baruch College who consults in fantasy sports law.

NFL agent Drew Rosenhaus also told CNBC on Tuesday that “there should be some regulation that maintains great integrity.”

Disclosure: Comcast and NBC are investors in FanDuel.