In the past decade, there have been many changes and big stories within the sports industry. I believe that fantasy football has had the biggest impact in the sports world, as well as being the biggest story within the past decade. Reason being, fantasy football has had an impact in more than one area of the sports industry. It has affected the daily life of fans, the social connection from players’, and even major television networks. All of these impacts ultimately affect many other avenues of the sports industry, which in turn brings the biggest impact into play, the almighty dollar.
Fantasy football is about to become a billion dollar industry, which is worth more than some professional teams in any sport. Fantasy football is seen everywhere, commercials, websites, and many television networks have their own fantasy football shows. What other story in this decade can say that? Fantasy football is not a temporary sport fling, but rather, it is here to stay and grow within the industry as its own entity.
Fans are now tuning in to not only watch or support their favorite teams, but also the players they have drafted for their respective fantasy leagues. This gives a wider range in television ratings for more NFL teams and their networks. Fantasy football gives fans feel a sense of ownership and pride towards the league and its players. Fans are making big bucks, websites are profiting, and the fantasy realm is thriving. Recent studies have even pointed out the major affect that fantasy football has had in the everyday workplace that has a link to production and the economy. This is such a big story that has not only affected sports fans and the sports industry, but it has affected the country as a whole as well.
Its safe to say that in every professional sport, the amount of money invested, spent, and earned has gone up tremendously in comparison to years past. From lucrative player contracts, big dollar television deals, and higher ticket prices, the sports industry has been thriving in generating profit, while keeping fans from across the world entertained. And now, entertainment is no longer just sitting and watching, it has evolved into participating, analyzing, and benefiting. Fantasy football is the new era of entertainment and it is here to stay.
Check out these links below to see what the professionals are saying about Fantasy Football!
For other great sports business stories, Watch this CNBC video, “The Biggest Plays in Sports Business”: http://www.cnbc.com/id/15840232?video=1368367744
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