Fantasy sports have gone from a weekend side hobby to a billion-dollar industry with millions playing every year. Research done by the Statista Research Department shows that, since 2003, the number of fantasy sports players in North America has increased by 311%, or 47.3 million people. Since 2015, the increase has been 5.7 million people, or a 10% increase. Along with the staggering number of people managing fantasy teams, money has flooded into the market via sports betting. In 2017, the estimated revenue generated by online sports betting was 590 million dollars. In 2022, it was 7.24 billion dollars. This 1,127% increase in revenue is closely associated with fantasy sports.
Not for everyone
However, some aren’t all about the craze. “I just want to chill and watch the games,” said Brian Badenhorst, an avid football fan with no interest in fantasy sports. “The competition and stress of fantasy doesn’t interest me.” “I dislike the money aspect of it and don’t like it when people get serious because they have money on the line,” he added. “I want to watch my team play without having money hanging in the balance.” Either way, fantasy sports has become a household term and sports betting isn’t likely to go away anytime soon.