why you should create your own fantasy sports enterprise
Post on 22-Jul-2016
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Why You Should Create Your Own Fantasy Sports Enterprise
Written By: Whitney Morgan
Fantasy Sports are on the rise. FanDuel and DraftKings are the reign supreme in the Daily fantasy sports world but this market is growing and has plenty of potential. In its four-year history, the company says, DraftKings has raised $74.8 million in venture capital. FanDuel has raised $88 million. If this sounds like something you'd be interested in, invest in FanVictor Fantasy Sports Plugin for WordPress Or Phpfox. Turn Your Website Into A Money Making Machine With This Plugin.
Fantasy football is one is the most popular trends in the ever growing realm of sports and for millions of Americans, and it's becoming more popular every year. The internet is the breeding ground for fantasy football as well as other fantasy sports because the game fits naturally into a digital format, given the complexity of the factors involved. There's plenty of opportunity for someone who wants to start a new fantasy football website. The pie is only getting bigger and more and more fantasy websites are popping up around the web. Even with that said this niche is still growing and still have plenty of untapped potential.
In the six years since British entrepreneur Nigel Eccles founded FanDuel and is credited for inventing the industry, daily fantasy sports has become implanted in the sports landscape and promises to continue to skyrocket. The industry is loved by sports leagues, funded by Wall Street, protected by federal law and played by more than 41 million people in 2013, the fantasy sports industry is growing exponentially. Daily fantasy sports web sites such as FanDuel and DraftKings have paved the way for daily sports leagues as an adjacent money maker to season long fantasy sports leagues.
Fantasy sports, are games in which contestants amass points based on the statistical accomplishments of the athletes they have selected to their teams through a draft. The original format for these games were contested between friends and took place over the course of a sport's regular season. FanDuel and DraftKings altered both the traditional structure and the business model: Daily fantasy sports contests restart constantly and typically are played against strangers. Contests don't
begin with a draft. Contestants are given a "salary cap" with which to choose real players, whose "price" is set in accordance with their ability. It might cost $10,000 in "salary cap" money for Aaron Rodgers and $4,000 for, say, Alex Smith.
On a typical NFL Sunday, FanDuel's most popular game awards a $500,000 first prize to the winner of a massive pool with a $25 entry fee. Rather than simply hosting leagues for users, daily fantasy sports serve as an exchange. Players enter contests and win prizes for the best entries, and the Web site keeps a cut. Last year, DraftKings had 200,000 registered users. Now, it has 2 million. It is one of the few legal ways to make money online because the game has elements of sports betting, and the interface recalls online poker. Contestants compete against other users in fantasy sports competitions that last as short as a few hours. Yet it is perfectly legal in 45 states, a number likely to grow. By next year, it is projected 5 million to 10 million people will be on the site. In 2015, there are 56.8 million people playing fantasy sports in the USA and Canada. On average, fantasy sports players spend $465 on league-related costs, single-player challenge games, and league-related materials over a 12-month period.
Below are the Industry Demographics for 2014:
Even professional leagues have taken note. In 2013, with no major press, Major League Baseball purchased a financial stake in DraftKings. In the summer of 2014, the NBA announced a partnership with FanDuel that, gave the league an ownership stake greater than 2.5 percent of the company. Sports leagues receive a new revenue stream with their deals, but they view FanDuel and DraftKings
primarily as a way to open up the market and increase fan participation. From the prospective of the leagues', daily fantasy sports diminish geographical boundaries: A Minnesota Vikings fan will be still be willing to watch Adrian Peterson finish the game in an otherwise blowout to monitor his scoring. Fantasy leagues ensure sustained fan engagement, because stats accumulated in the fourth quarter of a blowout could make or break as much as those in a competitive game. The pure amount of commerce daily fantasy sports produces suggests it will only spread further. The effect reaches to all corners of the sports industry.
With thousands of new websites springing up every year, it is not unheard of for people online to create their own website instead of waiting for a major website to display what they want. People see creating their website as easier, affordable, and most fulfilling long-term. For many people their online business starts off as a part-time job then turns into a full-time dream. They are able to be their own bosses while managing a website that interests them every day. The one thing that prevents many people from taking this step is fear; or even lack of knowledge in the area of website design/hosting. That is why companies like Fan Victor are available to make all the hard parts of starting your own Fantasy Sports website easier. Fan Victor provides all the necessary stats and is fully automated for all major sports & organizations. As the site owner, you would just have to worry about promotion and growing traffic. Essentially this Daily Fantasy Sports plugin turns any WordPress or PHPFox site into a Daily Fantasy Sports game. Where site owners can offer a professional Daily Fantasy Sports game to their sites visitors. Visitors predict the winners of upcoming sports games and earn points for each correct selection in our pick-em style games. Or in our recently added Player Draft game style, you can draft players from live games and watch yourself climbing the leaderboard in real-time. Users earn points based on individual player performance. The user with the most points at the end when all the fixtures have been played is declared the winner.
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If you are interested in learning more about the Fantasy Sports Industry as a whole: http://www.washingtonpost.com/sports/daily-fantasy-sports-web-sites-find-riches-in-internet-gaming-law-loophole/2015/03/27/92988444-d172-11e4-a62f-ee745911a4ff_story.html
To find out more about the Fantasy Sports Industry Demographics: https://fsta.site-ym.com/?page=Demographics