Do you play fantasy sports? Well if you do you are among the over 59 million other USA and Canadians who do.
Believe it or not, fantasy sports is not considered gambling; it’s considered a game of skill. By definition, gambling means to play games of chance for money or take risky action in the hopes of a desired result. Wagering on the stats and performance of individual players and not the overall outcome of the game is considered a game of skill and that’s why the major sporting leagues have not frowned upon their existent.
According to the Fantasy Sports Trade Association (who knew there was such a thing) Here’s the breakdown of demographics of current fantasy participants:
- 66% Male // 34% Female
- Average Age: 38.6
- College Degree or More: 66%
- Have a household income of $75k+: 51%
- Have full-time employment: 67%
- Average Annual Spending Per Fantasy Player (age 18+): $556
- Favorite Fantasy Sport: Football
- Fantasy Sports Players that Pay League Fee: 70%
$500 a year on fantasy sports? That’s not a budget category I’ve seen before.