FanDuel, is a daily fantasy sports business that offers fantasy sports contests that last a single day. It takes the fun and excitement of an entire season and collapses it into one day. Players love the instant gratification that this format brings - rather than waiting 7 months to get their payouts from a traditional season long league, they can play and win in a singe day. FanDuel offers contests in NFL, MLB, NBA, NHL and college sports. FanDuel is essentially an exchange model and takes roughly 10% of the entry fees for any contest.