NEW YORK (Reuters) - Mike Petta played Internet poker until 2011, when most U.S. poker websites were shut down. Last year, the 31-year-old father of two quit his job as an accountant to play fantasy sports full time, spending thousands of dollars a night entering fantasy sports contests. Now, the gambling industry wants him back.
Playing from home in Livonia, Michigan, Petta is one of millions of Americans who draft virtual sports teams online and enter real-money competitions that last only a few hours. Investors have followed suit, making daily fantasy sports a multi-billion-dollar business.
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