Forbes Magazine published a piece by Brian Gott, illustrating the sheer magnitude of the $70 billion a year Daily Fantasy Sports industry.
“32 million Americans spend $467 per person or about $15 billion a year,”
Eleven of that $15 billion is spent on Daily Fantasy Football alone, which isn’t surprising since the NFL is the most lucrative sporting league in the world.
NFL made $9 billion in revenue last year, while the Daily Fantasy Sports industry wagered $11 billion on NFL games.
Add actual expenditures and ad revenues, and the DFS generates from $40-$70 billion per year in tangible and intangible activity.
Americans love betting on sports, and it is safe to conclude that Americans are going to continue betting on sports, legal or not.
“While nearly $4 billion is bet on sports legally in Las Vegas yearly, an estimated $80 billion to $380 billion is wagered illegally through a shadow industry of offshore online betting houses, office pools and neighborhood bookmakers.”
Why do we continue insisting DFS is a game of skill, when we should be insisting it doesn’t eff-ing matter what you call it, because shouldn’t we Americans have the right to spend our hard-earned dollars however we want?
Parliament members in Brittan solved their gambling problem way back in 1961, by making it legal.
Sports gambling “was going on in every street corner,” said Ciaran O’Brien, corporate affairs director for British gaming company Ladbrokes. “Which, frankly, is what’s going on in America today.”
Wait, aren’t we going around all the time bragging that the United States is the land of the free?
Well, free to send billions of American dollars into foreign economies each year acting like it’s no big deal, at least.
Embrace your right to gamble fellow Americans!!
Think about the billions of dollars we would be putting back into circulation each year, stimulating growth, rather than fast tracking it to whatever country has embraced the revenues of sports betting by legalizing and regulating it. This includes nearly every democracy in the world, besides the United States.