Posted: December 6, 2016 at 4:27 pm
By Brittany Angus, Brooke Chaplain and Andrew Spellman
Fantasy football is more than just a group of guys hanging around and betting on their favorite players. Fantasy sports players invest time, money and energy to create the perfect lineup every week.
According to the Fantasy Sports Trade Association (FTSA), fantasy sports players are better educated, typically younger, with higher incomes and a better likelihood of being employed full-time.
By the Numbers
66 percent of fantasy sports players are male.
The average player is 39 years old.
66 percent of the players have a college degree or more education.
About 51 percent of fantasy players have a household income of $75,000 or more, with 67 percent being employed full-time. All of these statistics add up to spend $556 annually on fantasy sports.
4-year fantasy football player
Fantasy Football Income
FanDuel and DraftKings are the two most popular platforms for online fantasy sports and bring in about $60 million in entry fees just in the first week of the NFL season according to Adam Krejcik, a partner at Eilers Research. FanDuel made $363 million last year and DraftKings made $426 million.
The FSTA estimates that the average fantasy gamer spends 3 hours per week managing a team(s), translating to 1.2 billion hours for 23 million players over a 17-week season.
Fantasy football is expected to draw in 74.7 million players this year, or $4.6 billion in spending, according to estimates from American Express.
Just like any other competitive sport or game, there is always some sort of playoff or championship that decides who is the best of the best.
The Fantasy Championship is a money league created by RealTime Fantasy Sports and MyFantasyLeague.com. Entrants can draft a team for $250, or three teams for $1,000. The competition has a $200,000 grand prize. Second place earns $25,000, and third place gets $10,000, followed by 47 winners who earn at least $1,000. The Fantasy Football World Championships offers a payout of $150,000 for the grand prize winner, and $10,000 goes to the winner of each league.