Online Games Vs. Traditional Fantasy Sports - 1366 Words

Daily Fantasy Sports (DFS) are online games where players build a lineup of athletes from a specific professional sport and earn points based on their in-game performance. Players are allotted a budget that they can spend on salaries for athletes to fill out their roster. Salaries for athletes vary based on factors such as skill level, quality of opponent, and injury concerns. The key to winning in DFS is to find players that outperform the value salary in order to help the team score more points. While similar to traditional fantasy sports which last throughout the entire season of a sport, the single-day aspect of DFS is what sets them apart. DFS require less commitment and offer instant gratification. DFS are a relatively new†¦show more content†¦Determining the relative value for each player is a major component of DFS. The decision-making that goes along with setting a lineup with these stipulations is a perfect example of microeconomics and is comparable to the concept of sabermetrics in baseball. DFS, as an industry, can also serve as an example of economics at the macro level. After being around for not even a decade, DFS became one of the fastest growing industries in the United States. According to the Wall Street Journal, FanDuel’s revenue nearly doubled in 2015 to about $100 million (Berzon). In addition, the DFS industries all together were believed to have spent over $300 million on advertisement alone. The surge in advertisement led to mass market exposure for DFS. As a result of both the increase in revenue and exposure, employment rates began to rise rapidly as well. According to FanDuel CEO Nigel Eccles, his company had 400 employees in 2016 and is â€Å"[continuing] to invest heavily in the product† (Berr). The increase of revenue along with creation of jobs are both strong examples of the influence of DFS in a macroeconomic sense. While the industry of DFS made a meteoric rise to success in such a short amount of time, the success was accompanied by controversy. The controversy surrounding DFS can be broken down into three main categories: advertisement, legality, and league integrity. The advertisement controversy was the first to get massive public attention. In 2015, the NFLShow MoreRelatedEssay on Fantasy Football2308 Words   |  10 PagesFantasy Football, Taking Football to New Levels Rebecca Fernandez Axia College of University of Phoenix COM 125 Utilizing Information in College Writing Patty Lucas October 28, 2006 Fantasy Football, Taking Football to New Levels Football Sunday, the family has got a bucket of hot wings and beer, sitting in front of the TV waiting for the kick off. 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