Hello SOTGC Community,
The kickoff to football season is right around the corner and much like peanut butter goes with jelly, football season comes with a side of fantasy football. The phenomenon of fantasy football is big business but how is it effecting yours?
- Don’t quit your day job. See a steady decline in productivity during football season? You’re not alone. Studies show that all the time spent researching players, checking rosters and planning strategy costs employers more than $16 billion in lost productivity during a season.
- You can bet on it. While fantasy football is usually a chance for “the guys” to hang out and harass each other about their draft picks and team names, fantasy football is big business to others. In 2015, betting websites Draft King and Fan Duel took in $3 billion in entry fees for a $280 million in profit. It should be noted that paying to play with online betting sites is still banned in 10 states. After a lengthy battle, it was finally legalized in New York.
- Team building, literally. Fantasy football may lead to a loss in productivity but many companies are using it for a team building exercise of their own. Companies are creating leagues in which each department can draft and manage a team to build employee rapport. While you may not agree with your co-worker on whether to draft or pass on quarterback Tom Brady, you’ll increase your level of communication and office bonding. Who says your department can’t have a choreographed touchdown dance?
- When life gives you lemons. Whether it’s a questionable new boss or a project that you don’t think you’re cut out for, the workplace often calls for capitalizing on the silver lining of a situation. The NFL (National Football League) has embraced fantasy football and how it has changed the way fans experience the game. Fans are not just worried about the final score but how many points or tackles their fantasy football players have and because of that we’ve seen the evolution of how football is reported. For instance, NFL partner DirectTV has the Red Zone channel which shows any team that’s about to score in real time. (The channel is a perfect fit for a football fan with no attention span).
Are you interested in getting together a group of ladies and having your own fantasy football league? Think book club, but with men in shoulder pads and the same amount of wine. It’s very simple to set up a team on ESPN or other facilitator websites for no cost. Read our five things to know about fantasy football and then go for it! The best way to learn is to try.
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