Online fantasy leagues have been gaining popularity dramatically so why try to ban them at its peak? Fan Duel and Draft Kings began on 2009 and 2012. They improved fantasy leagues websites and made it one day leagues where you can win major prizes for dirt cheap entry. Recently states have been arguing that Fan Duel and Draft Kings should be considered as gambling and be banned. A majority of people think that it is gambling and they are out to target low class people. However fantasy league experts argue that it is a game of skill and requires a lot of thinking. FanDuel have awarded over a billion dollars in prize money to contestants in 2015. There's an argument whether Fantasy sports leagues should be considered as gambling and illegal, …show more content…
Fantasy sports leagues cause immense of positivity by generating revenue for sports leagues. Fantasy sports leagues are a game of skill and should be legalized. The government wants to ban fantasy sports because they cannot control the revenue that they are obtaining so they want to ban it. Will George of the Washington Post states that, “Americans have been betting on sports since the first time a Puritan pilgrim boasted that his horse was the fastest in Massachusetts Bay Colony and another said, "Wanna bet?" But fish gotta swim, birds gotta fly, and government gotta fret about gambling on fantasy sports” (George 1). Will George of the washington post, explained that gambling has been around since anyone can remember and it’s not going to stop anytime soon. Fantasy sports leagues should be considered as gambling and illegal, Fantasy sports leagues cause immense of positivity by generating revenue for sports leagues. Draft Kings is a legit website that is very secure with their customers money. they allow to back out at anytime there is no commitment. The major fantasy sports league website Draft Kings website explains that it is safe to use with money transactions. It explains how there is no commitment so anyone can come and leave at anytime (1). Also Draft Kings have received a lot of support from the people. they have said they are industry leading customer support. but what makes it non gambling site is that you have a choice to play for money or you can play for free and still win prizes. One day fantasy league sports are games where people pick players and depending on the way they perform you get points and if the players (lineup) you pick generate the most points then you will get a prize. Eric Zorn of the Chicago Tribune, argues that fanduel is a game of school. Eric Zorn also insist that, “ Madigan determined that the exemption in state law -- for "actual contestants in any bona fide contest for the determination of skill, speed, strength or endurance" -- applies only to athletes, not to daily fantasy players” (1). Basically, Zorn is saying people who win in Fan duel are the ones who study the game and are superior at it. People who were winning were playing on an everyday basis and winning were proving that it is a skill based website and requires critical thinking. Sports leagues need fantasy sports leagues just as much and fantasy sports leagues need sports leagues because they each advertise each other. It's a business and if the commissioner are okay with people gambling on their games then why should politicians care. These websites have received so much positivity from people and league owners.. Sports like golf who don’t get as much attention as the other major sports like the NBA and the NFL. Golf started receiving major popularity since it entered Draft Kings and became an option. in one the biggest event of the year in golf, Jeff Neiburg described how golfs Draft Kings received a mass full off entrees. Neiburg of the Philadelphia News explains how, “Draft Kings was out to make someone a millionaire. For a $20 entry fee, a Draft Kings user could select six golfers to fill out their PGA lineup. The contest got 188,925 entrants and had a prize pool of $3.3 million. Does that math not add up? The entry fees totaled close to $3.8 million” (1). Golf needs Draft Kings to keep people's attention. Also Neiburg said According to the Fantasy Sports Trade Association, 56.8 million are involved in fantasy sports leagues in the United States and Canada (1). Banning fantasy sports leagues will affect over 55 million people in just 2 countries. this is something that will affect many people's lives and will take a big toll not just on fantasy sports but on sports organizations and athletes as a whole. Banning fantasy sports leagues will affect people’s lives in a major way.
Since fantasy sports leagues have started NBA and NFL revenues and views have boost in a major way. Players have been purchasing league passes to tune in to all the games. Which can help both business and leagues. NBA league commissioner Adam Silver has described his support for fantasy sports and how they should be used regularly. Silver says, there should be increased transparency for consumers. I think it would ultimately aid the industry. In fact, I think we’re seeing the marketplace impacted, because there’s not a clear regulatory framework right now (Silver). Adam Silver is saying if fantasy sports leagues were used regularly and trying to fight to be legalized or not they will be so much more successful. So banning fantasy sports not only affect people but it will affect organizations. Not just one organizations but football, basketball, baseball, college football and basketball. You’re talking about a wide variety of viewers and game players also massive amount of money will be taken away. Taking fantasy sports out will only lead to politicians taking away things people love just because they …show more content…
can. Gambling and betting has always been a big problem in the sports world. Officials and the government want to keep kids out of it and want to make sports fair. They don’t want athletes throwing games for money. Officials automatically assume since sports, money then its gambling and I understand why they might think that. But I can assure that fantasy sports leagues are not gambling websites and won’t cause any problems with teams, athletes’ ext. Fan Duel and Draft Kings have created their websites to make them legal. A big problem is that politicians don’t know enough about fantasy leagues and have never played it before. As a billion dollar businessman and owner on the Dallas Mavericks Mark Cuban explains, how politicians how politicians just want to make a name for themselves. States are trying to make it illegal just because other states are and don't have a real motive to do so. Politicians don't truly know anything about these fantasy sports leagues yet the want to ban it. (1). Mark Cuban has compared gambling to the stock market and how they are the same because people have no clue what is going to happen or whether or not it it is safe. Politicians are control freaks and want to try to ban just because they can. If they can’t control the billion dollar company like Fan Duel then the will try to tear it down the government already puts a tax on fan duel winners after win over $600. Besides getting more people to get involved with fantasy sports there’s nothing else that needs to be done.
The websites are already up and running and obtaining more popularity. Athletes are still doing their best and games are going just as they should be. ProQuest staff argues that, fantasy sports inspire athletes to do well. It explains how fantasy leagues only became a problem once it became a problem (1). How is fantasy a problem when this doesn't affect athletes at all? Athletes have to play their best or they will risk their job they cannot afford to lose their job over fantasy sports leagues. Politicians need to see this so they can play for themselves and understand for themselves. Fan Duel and Draft Kings have followed all the rules and guidelines and they still want to try and ban it because there is money
involved. Fantasy sports leagues is a game of critical thinking and there is no reason why it should not be legalized. The government wants to ban fantasy sports because they cannot control the revenue that they are obtaining so they want to ban it.Will George of the Washington Post argues that, the government wants to ban things that they cannot control especially like a multimillion dollar company like Fan Duel. But Americans have been gambling since anyone can remember. Taking that away is not going to stop people from gambling (George 1). Will George is saying gambling is going to continue no matter what and they can’t control everything and it will continue to happen. Fantasy sports leagues should be considered as gambling and illegal, Fantasy sports leagues cause immense of positivity by generating revenue for sports leagues.
Economic Theory Labor market theory is one of the most integral economic theories needed to dissect the inefficiencies in professional sports. Looking first at the type of market these leagues function in, one can see that they do not necessarily meet all the criteria that a competitive market requires. The big four sports leagues in the US have a set number of teams, which creates barriers to entry. Only when an expansion is agreed upon by the league, such as NHL has done for the upcoming season, are teams allowed to enter, and even then, it is limited to a maximum of a few teams in recent history. Additionally, the league makes it virtually impossible to exit, as selling a team is the closest they come to exiting the market.
Association such as the NFL and NBA aren't filled with a lot of people. Barely anybody will actually make it that far, and some people practice for countless hours. "According to a poll from last year only 7.6% of highschool athletes play for college level sports, and only 1.7% go pro from college sports. And when you think about it people who play for college had to practice for such a large amount of time and there not even pro (Manfred)!" So why should the 55.5% of students who play ...
Fantasy football is the most anticipated and hyped competition for sports fans each year. It is where sports fans try to get bragging rights and show off their expertise in sports. According to Forbes, 33 million people play fantasy football each year. This includes an estimated 6.4 million women. They also found that Americans spend an estimated $800 million annually on all fantasy sports media products. This really is an American phenomenon.
Stephanie Slade, a libertarian and a deputy managing editor for Reason magazine, wrote an article asking the question “Is watching football unethical?” She presents evidence, that we will review, that professional football players are being harmed by playing their game. She then lays out a series of analogies about, what she feels, are related topics and compares them to football players. She never answers her own question, but you do get the distinct feeling that she thinks people should stop watching professional football. She never defines ethics and assumes that everyone would see injustice in the trends she points out. I don’t agree with Ms. Slade and I don’t see injustice in the sad case of these players.
Which has a huge effect on the economy. The average person spends about three hours a week working on their team. Also, it is estimated that 32 million Americans spend $15 billion dollars total or $467 dollars per person in their lifetime. It effects businesses as well, it will generate a $13.4 billion dollar or $895 million dollar weekly loss in productivity over the 15 week fantasy season. The National Football League will also make money off of it because any product licensed by the NFL will generate revenue for the league. People will follow players more closely because they have them on their team which will increase sales of merchandise for the NFL. Americans will sometimes buy merchandise in support of their teams or fantasy
Have you ever been to a horse race? Seeing the riders give their horses a pat and an apple after the race, people cheering for their horse as it runs rapidly to the finish line? Seems like a great time. But what happens to those horses after they are done their race. What happens to the people who gambled their family’s lives savings. All horse racing should be shut down due to the well being of the horses, the effects of gambling, and the lack of interest.
The National Football League (NFL) has been a staple on Sunday’s in America homes for quiet sometime. It provides excitement and generates billion’s of dollars, but what I told you that this league may lose viewers or even not exist in a few years. The NFL is a great brand, but what is potentially going up against may have you scratching your head as a parent to let your child even take a snap early in his football career if not taken care of.
Gambling has been an activity that has been around many states for a while. People like to gamble to test their luck and hopefully get lucky enough to win a prize. Nowadays you don 't have to go to the casino to test your luck, at majority of grocery stores they offer the ability to buy scratch off ticket and or play the powerball. Many people gamble to have fun, as well as, have a good time, but there are others that gambling becomes an addiction that is hard to control. The odds of winning are less favorable than the odds of losing. According to Jost, “lotteries in 43 states” as well as, DC “collectively” made “18 billion in revenue for the state,” along with the “local government.” (Jost,525) The lottery is a great investment for many states and the local government. Something that everyone has to be aware of is that the the lottery will always make a profit. Someone might get lucky enough to win 100 dollars, while 2 other people loss 100 dollars each. The big picture is that nobody is going to invest in a company that is not going to
Most sports enthusiast are drawn into the popularity in football causing them to bet their money down the drain. The long lasting week of games provides many of chances to bet and opportunities to win. You can bet games at Bovada, signup get bonuses and win some extra cash on the weekends. Theres also betting on the spread of football which means the points won by or even what happens play by play. Giving the people this opportunity in football not only makes football more rewarding it also almost forces you to watch the sport so your not loosing your money. Fantasy football is another way people can feel apart of the game without being a player. Fantasy football is a online website that a average person can go in and design the perfect dream team and when easy cash with the points the player earns them. People can actually buy insurance on these players and hire lawyers for if there players get hurt. Believe it or not a asstonishing 39 % of males would rather watch the game than give up their beer for the whole year according to forbes. Money is a bigger factor when it comes to the bittersweet fantasy league if you play your cards right not only are you enjoying a day of football but you could also be making a lot of money for watching your team win which is why so many americans are drawn to
So people say that if the college players were getting paid none of this would happen. I don’t know if giving the players a stipend is going end this because unless you’re paying the athletes thousands of dollars a week or a game, the stipend won’t be more than what they’re being offered. I do think that it might help but I’m not sure if that help is going to make a big enough difference. On the same note, if you eliminate spreads, can they be sure that it will make a difference when it comes to gambling. Don’t get me wrong, eliminating the spreads would decrease the amounts of point shaving incidents, but it won’t necessarily stop them. Bookies can make up their own spreads and ask players to shave points regardless of the fact that the spread is not publicized. The bookie has an idea by about how much one team may beat another. I understand that they will probably never “eliminate collegiate gambling” but they’re trying to limit and reduce it and I’m all for it too.
Sports are one of the most profitable industries in the world. Everyone wants to get their hands on a piece of the action. Those individuals and industries that spend hundreds of millions of dollars on these sports teams are hoping to make a profit, but it may be an indirect profit. It could be a profit for the sports club, or it could be a promotion for another organization (i.e. Rupert Murdoch, FOX). The economics involved with sports have drastically changed over the last ten years.
Gambling involves taking a risk. It’s something that gets our adrenaline pumping. Believe it or not, money is one of the major things that makes the world go round and some of those believe that money does indeed buy happiness in our lives. We all have heard the stories of those who have won thousands to even millions of dollars just by gambling and we instantly think that could be us. If some random person can be that one in a million, surely I can be too, right? Even though gambling is a fun thing to do, it is important to be aware of the kinds of gamblers that exist in today’s society and realize that gambling should be played in moderation. For instance, some variations of players include: The Social Gambler, The Professional Gambler, and
Are high school sports beneficial or not for students? I personally believe if a student is in a high school sport they’re forced to prioritize between school and their sport, and at a young age I believe the student would decide to use his time to improve in his sport instead of school. Which in the long run would affect his academics, unless they decide to stay up late and work on their homework to keep up with both school and their sport. But, even like that in time the lack of sleep would catch up to them, and cause them to do even worse in both academics, and sports. High school sports are like the lotto in my opinion, many play but only a few get rewarded for their work. Therefore, high school sports cause more negativity than positivity.
As individuals, we are responsible for ourselves, including the decisions we make. However, with the temptations of making “easy money” and the dreams of hitting that million-dollar jackpot, these decisions make it hard for individuals to resist, which traps them into making poor decisions. With today’s economy, individuals are susceptible to mounting pressures from finances, work and a fast paced lifestyle. Even though these are everyday factors in our lives, they contribute to our stress level. Many times it is drugs or alcohol that individuals turn to, but there is also another very addicting behavior that many people turn to, gambling. There has been a rise in pathological gambling in the past 10 years and it is only increasing. With this fact, gambling is only banned in two states in the whole United States of America. What are the problems associated with pathological gambling and is the government and casinos acting ethically by propagating such an addicting act?
Either of these Acts would greatly help the problems of online gambling. There are a number of reasons why this booming industry should provoke more concern among policy makers.