Tags: drone | racing | championship

Drone Race Winner Gets $100K

CNBC's "Power Lunch"

By Solange Reyner   |   Monday, 19 Jun 2017 09:51 PM

The winner of an upcoming drone racing championship will receive $100,000, CNBC reported.

The DRL Allianz World Championship begins Tuesday on ESPN and pits 16 racers against each other in a competition that takes place around the world in venues such as NFL stadiums and abandoned malls.

"We are a small part of a multibillion-dollar growing drone industry," Drone Racing League CEO Nicholas Horbaczewski told CNBC's "Power Lunch" on Monday. "What we find is, everybody these days either has a drone, they want a drone, they're learning how to fly them, and people are finding commercial and consumer applications for them.

"And we're just a piece of that. We're a great outlet, a good reason to go out and fly drones."

Horbaczewski said pilots were selected from amateur drone racing competitions and through a video game where their skills were evaluated virtually. The drones used cost anywhere from $500 to $1,000 and can rev up to 90 miles per hour.

© 2017 Newsmax. All rights reserved.

1Like our page
2Share
US
The winner of an upcoming drone racing championship will receive $100,000, CNBC reported.
drone, racing, championship
160
2017-51-19
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved