|FANTASYZILLA IS HAPPY TO PRESENT GREAT NEWS!! Gov. Andrew Cuomo on Wednesday signed a bill legalizing daily fantasy sports in New York.
Fantasy football is bigger than ever, as new players and companies prepare to jump in on this growing market which is offering a new option called “daily fantasy.” Some fans who once saw “fantasy” as a hobby now earn a living covering it as analysts. What was once relegated to only a few, the game has exploded in popularity with millions enjoying it each year.
Other Media conglomerates are investing big money into fantasy-related businesses. It’s a multi-billion dollar online industry with pro football leading the pack. It’s by far the most popular fantasy sport via websites including Yahoo Sports, ESPN, NFL.com, CBS Sports and more. The NFL’s regular season kickoff this week will ignite a subculture which included 25.8 million people engaged in fantasy football leagues during the 2012 season.
Statistics show that 57 million North Americans are betting $465 a year on fantasy sports, making it a $27 billion business. According to Australian research company IBISWorld, fantasy sports is already a multi-billion dollar industry. That makes it the third most profitable industry in the U.S. and it’s still growing.
According to the Fantasy Sports Trade Association (FSTA) the number of participants in fantasy leagues, such as Fantasy Football, rose to a record 33.5 million Americans in 2012. An estimated 20% of these players were women.
It’s daily fantasy sports and it’s legal in most states, thanks to an exemption the major sports leagues carved out under the Unlawful Internet Gambling Enforcement Act of 2006. The same legislation that outlawed online poker as a game of chance allows fantasy players to do what regular sports bettors outside of Nevada only dream about — wager money online.
DraftKings and FanDuel, two of the biggest fantasy football websites in the United States, are fighting against each other in a battle for players. And now other groups like DraftOps.com are joining in to cash in on a fantasy football market which has 57 million players and is worth $27 billion.
While fantasy football has existed for years, a big new change has been the rise in daily fantasy. Unlike fantasy football, where you draft a team of players at the start of the season and watch as said players do well or poorly, daily fantasy players draft an entirely new team every week. This game allows players to start over if they made a mistake, and is suited for a world with shorter attention spans.
Fantasy football is a great way to follow NFL action while also competing with your family, friends, co-workers or even strangers for bragging rights. You field a team of real NFL players and accumulate points based on their actual game statistics. Scoring systems and competitive formats vary from site to site and league to league, but the ultimate objective is to field the best team based on players stats. There are many different leagues and formats when playing Fantasy Football to keep you enticed. So make sure you are comfortable with a specific format.
|FantastyZilla’s Top Videos