Gone are the days when fantasy sports used to be a casual pastime for sports fans. This format of sports is now hitting big - in fact, a billion dollars big! You may not believe it, but this industry is being forecasted to earn more than $1.7 billion in revenue by 2017. But the tale doesn't end here - around 35 million people played fantasy sports last year and IBIS World expects these numbers to grow by 90% over the course of next five years.
This revolution in this industry has come due to the digital era. After inception of smart devices all time access to websites offering fantasy sports platforms has become quite easier. There are countless websites, apps, podcasts and blogs dedicated to this topic. The demand for information about this new format of sports has never been higher than this because whole industry is booming!
It all starts with a registration on any of the famous fantasy sports sites. ESPN, Yahoo, CBS Sports, Fox Sports and many other options are out there. These sites offer you the platform, advice, predictions, analysis and all other things that are necessary to win in any competition. You can either choose a standardized public league or you can start your own private league with friends or coworkers. Once you're done with this, you can create your team with the desired name and players.
Once you've made your team and started participation in various competitions, you need to keep a tab on the news. Because league activity remains fast-paced and changes accordingly as players get injured, promoted or demoted during the games during the season. If you miss the news about a player, chances are higher that you'll be punched in face by any of your competitors. Due to this constant requirement of information media companies and advertisers are cashing out the heavy traffic that is being generated by the industry.
According to Fantasy Sports Trade Commission (FSTC), an average player spends 3 - 8 hours a day while playing games on fantasy sports websites. The free of cost platforms are further boosting this trend due to which online traffic is increasing and revenues are soaring.
So this is the future of sports. It's a new booming trend that's not depicting any signs of slowing down currently. The new era of sports fans is here and business industry has already been aware of their presence!