Introduction – Sports is considered to be one of the highest forms of exercise. If you are into sports, you tend to remain fit for years to come, they say. But what about those who are into sports, but are not able to fulfil their desires? Some people might not even enjoy sports, let go participating in those. The answer for them all is Fantasy Sports. Did you know that online football betting for instance, is the newest and most innovative activity right now?
How did it start?
As per the Fantasy Sports Trade Association, nearly 57 million people play fantasy sports in the U.S and Canada, with 66 percent of the players being male. The average age for people indulging in this guilty pleasure is around 37 years of age.
The idea for a Fantasy Sport activity was initiated by Sportswriter Daniel Okrent in 1980 while he was attending a get-together with some of his friends. He initiated the fantasy baseball league and rest, as they say, is history. Infact, the Fantasy Sports Trade Association was formed in 1999.
What is it?
So what does actually happen in a Fantasy Sports game? Let us take the example of a football league. In this a group of people, maybe friends or co-workers, form a group of players for themselves. These groups together make the league. The entire league involves how these players compete with each other with a certain amount of real-world money involved. Those players whose fantasy team wins the most point during the entire season, wins.
How is it still functioning?
Over the years, fantasy sports has gained a lot of momentum, businesswise. Two different companies, namely Draftkings and FanDuel, have come forward, wherein they host thousands of dollars in online fantasy sports daily. There is also a certain amount of controversy surrounding fantasy sports as many people are of the opinion that they are a good opportunity for betting and illegal activities. However, fans are enjoying these sports nonetheless. Several professional sports leagues such as the National Football League, National Basketball Association and Major League Baseball have invested in these online fantasy gaming companies.
Football is considered to be as the most famous Fantasy Sport with 36 percent of the industry revenue coming from the NFL. Major League Baseball comes a close second with 19 percent, auto racing at 12 percent and NBA at 10 percent.
Daily Fantasy Sports also had to face several issues due to gambling and betting involved. Infact, fantasy sports had to be banned in several countries. However, this war was eventually won by the fantasy sports companies and needless to say, fantasy sports is here to stay.
Several dollar’s worth of transactions are processed daily by thousands of people. However, looking at the brighter side, it tends to bring people together. It is a modern form of entertainment and a communal activity. As long it isn’t harming anyone in the long run, it should function smoothly. Even after several controversies, people seem to love it, at least for now. Fantasy sports has not showing any signs of slowing down in the past, and is not going anywhere in the near future.