With tonight’s “so-called” college football national championship game, millions of dollars will change hands as participants in fantasy sports engage in what many state legislators’ have determined is not gambling, but a “game of skill.” We’ll be delving more into the world of sports betting tomorrow, but we all must agree that fantasy sports is a phenomenal business that has grown into a billion-dollar industry.
One of the reasons behind the popularity of fantasy sports is the fact that fans feel like they have a real stake in the performance of their players and teams. Sports lovers like to see themselves as strategists, as they create a fantasy football, basketball, baseball, or hockey team. They can trade players, adjust their team, and execute their best course of action. Fantasy players pay an entry fee ranging from $50-$100, leading to an average of $465 per player, annually. With their money on the line, players have an even bigger desire to win, which extends beyond watching an actual gameplay. This also adds to the huge money prizes that reach up to $2 billion.
Fantasy sports have changed the sports experience. Leagues and networks note increased viewership and fans are given the opportunity to get more involved in their favorite sport.
Take a look at the infographic created by the Betting Sites team and discover more about this rising industry.