Draft is announcing today that it has raised $3.5 million to fuel its fantasy-sports mobile-game business. The company is also launching its March Madness real-money betting app, also called Draft, today.
Draft from Today Draft
In doing so, the company is joining a sea of competitors who want to cash in on fantasy sports related to the big NCAA (National Collegiate Athletic Association) college basketball tournament. An estimated 42 million people play fantasy sports in the U.S., according to the Fantasy Sports Trade Association.
Unlock premium content and VIP community perks with GB M A X!
Join now to enjoy our free and premium membership perks.
Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.
GamesBeat