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NBC takes major stake in FanDuel

FanDuel_Brand_Logo

As the 2014 regular season approaches, the popular fantasy football destination known as FanDuel continues to elevate its profile.

Via Variety.com, the company has raised another $70 million through investors that include the NBC Sports Group. Which makes us related to FanDuel. Sort of.

As a gesture of goodwill (and in lieu of baking them cookies that may or may not include a substance that is legal in my current location of Seattle), I’ll make a quick mention of what they do.

For a $25 entry fee, the salary-cap based, weekly fantasy-football contest pays out $1 million in prizes, with a grand prize of $100,000.

Since the contest focuses only on Sunday and Monday games, the first edition gets rolling on Sunday, September 7, at 1:00 p.m. ET. The top 8,000 teams for the week will win a cash prize, with the payouts coming after the Monday night games end.

So do what I plan to do at some point over the next three days and plunk down a mere $25 for the ability to win plenty, if you select the right combination of players and score the right amount of points.