Fantasy sports is an industry that 10 years ago virtually didn't exist. It has recently exploded and by some industry estimates is a $4 billion industry.
Fantasy Sports come in all shapes and sizes. You can play Fantasy Baseball, Football or Basketball, or you can play Fantasy Nascar or Golf. There are many leagues that are free to join, but there are also many leagues that cost a fee to join. Often the pay leagues are more serious and include access to in depth statistics and live updates.
Fantasy Sports is a growing concern in the workplace as lost productivity is a concern. Avid fantasy sports players will spend signifigant time researching their team for a draft or checking the stats of their players.
There are also many sites that offer fantasy advice and rankings. These sites often charge fees and are growing quickly.
I believe fantasy sports are so popular because it allows users to form a group (league) and feel like they are a part of something bigger.
Fantasy sports also allows fans to extend their passion of sports beyond individual games and into everday life.
This booming industry will only contiune to grow.
http://money.cnn.com/2005/12/07/technology/fantasysports_fortune_121205/index.htm
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I play fantasy soccer. Although I know this might vary a little from American Fantasy Leagues, Im guessing its pretty much the same thing. You get to pick your team with a certain amount of money, make tranfers, create leagues and invite your friends etc. I agree with you that these sites are really fun and will only continue to grow. It is also very interesting to see the prizes that these sites give out. In the UEFA Champions League fantasy Football (European soccer), the winner of each matchday recieves a PS3 and the winner of the overall season gets two tickets to the final match with airfare, hotel included.
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