Share

FantasyLand

Nothing quite draws viewers to a big sporting event like fantasy sports, where grown adults spend hours each week managing fake teams of multi-millionaire Gen-Z athletes. Let’s look into the impact of fantasy on sports viewership.

With Tom Brady lining up against Dak Prescott in the next 48 hours, the NFL season is set to recommence. While millions are spent on tv ads and billboards hyping the season, not much draws eyeballs to screens quite like an imaginary game. We’re talking about fantasy football, where grown adults spend hours each week managing fake teams of multi-millionaire Gen-Z athletes. 

How big is fantasy? 19% of Americans over 18+ play fantasy sports. 5 of the top 8 sports podcasts in America right now are about fantasy football in what is estimated to be a multi-billion dollar industry.

Much of the cost to support fantasy football is assumed for other industry players like ESPN, meaning the NFL’s greatest engagement driver is also one of the most inexpensive to support. Although dated, research from 2011 found that 50% of a game’s viewership numbers could be estimated by the number of relevant fantasy players lining up. People wouldn’t necessarily watch a Monday night game but their fantasy QB playing gives them a reason to.

Then there are the obvious links between fantasy football and sports betting. 78% of those who play fantasy football also bet on sport.

Listed company DraftKings runs a form of fantasy where competitors pay anywhere from $1 to thousands of dollars to submit a lineup and compete within a pool of players, winner takes all. During the last NFL season, DraftKings saw 1.5m Americans use their platform during every month of the season contributing to US$322m in quarterly revenue. Every month their total addressable market increases as more states legalise sports betting.


Want more?

You know what to do

Insights, trends and company deep dives delivered straight to your inbox.


Stake logo
Over 7,000 5-star reviews
App Store logoGoogle Play logo

Subscribe to our free newsletters

By subscribing, you agree to our Privacy Policy.

Stakeshop Pty Ltd, trading as Stake, ACN 610 105 505, is an authorised representative (Authorised Representative No. 1241398) of Stakeshop AFSL Pty Ltd (Australian Financial Services Licence no. 548196). Stake SMSF Pty Ltd ACN 648 283 532 (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. For more information about SMSFs, see our SMSF Risks page. The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

Copyright © 2024 Stake. All rights reserved.