Gone are the days when fantasy sports used to be a casual hobby for sports fans. This sports format is now having a huge impact, in fact, a billion dollars! You may not believe it, but this industry is projected to bring in more than $ 1.7 billion in revenue by 2017. But the story doesn’t end here: around 35 million people played fantasy sports last year, and IBIS World expects these to be. figures increase. by 90% over the next five years.
This revolution in this industry is due to the digital age. After the start of smart devices, permanent access to websites offering fantasy sports platforms has become quite a bit easier. There are countless websites, apps, podcasts, and blogs dedicated to this topic. The demand for information on this new sports format has never been higher because the entire industry is booming!
It all starts with a registration at any of the famous fantasy sports sites. ESPN, Yahoo, CBS Sports, Fox Sports, and many other options are available. These sites offer you the platform, tips, predictions, analysis and all the other things that are necessary to win in any competition. You can choose a standardized public league or you can start your own private league with friends or co-workers. Once you are done with this, you can create your team with the desired name and players.
Once you have built your team and started participating in various competitions, you need to stay on top of the news. Because the activity of the league continues to be accelerated and changes accordingly as players are injured, promoted or demoted during games during the season. If you miss the news about a player, it is more likely that one of your competitors will punch you in the face. Due to this constant requirement of the news media, companies and advertisers are taking advantage of the heavy traffic that the industry generates.
According to the Fantasy Sports Trade Commission (FSTC), the average gamer spends 3 to 8 hours a day while playing fantasy sports websites. Free platforms are further driving this trend as online traffic is increasing and revenue is skyrocketing.
So this is the future of sports. It’s a new booming trend that shows no sign of slowing down at present. The new age of sports fans is here and the business industry has already been aware of its presence!