Fantasy sports is a phenomenal business that has grown into a billion-dollar industry. One of the reasons behind the popularity of fantasy sports is the fact that fans feel like they have a real stake in the performance of their players and teams.
Sports lovers like to see themselves as strategists, as they create a fantasy football, basketball, baseball, or hockey team. They can trade players, adjust their team, and execute their best course of action. Fantasy players pay an entry fee ranging from $50-$100, leading to an average of $465 per player, annually. With their money on the line, players have an even bigger desire to win, which extends beyond watching an actual gameplay. This also adds to the huge money prizes that reach up to $2 billion.
Fantasy sports have changed the sports experience. Leagues and networks note increased viewership and fans are given the opportunity to get more involved in their favourite sport.
[I'm fascinated by this, since I've never participated personally, and don't "get" it.]