There's a new addiction in town, and it may be coming to a La-Z-Boy chair in your family room too. What began as a friendly competition between friends has now turned into a moneymaking enterprise. Is playing fantasy football is gambling? It can be now.
Is There Gambling In Fantasy Football?
With news last week that an employee of fantasy sports website DraftKings had won $350,000 on their competitor, FanDuel's site, while having access to inside information at his employer, there is a new focus on this growing billion-dollar industry. Lawmakers and others are now asking if playing fantasy football is gambling and should be regulated. Yet this controversy didn't slow down player interest as DraftKings had 4.14 million entries in it's NFL tournament last weekend, up from 3.75 million the prior weekend, and took in $25 million in entry fees and while paying out $22.4 million.
You would have to be sleepwalking through this NFL season not to have noticed the onslaught of commercials for websites like DraftKings and FanDuel. Glamorizing million-dollar prizes and promoting testimonials from average Joe's who claim to have won big cash prizes the allure that anyone can win is a strong one. A New York Times editorial wrote, "The companies behind these commercials say that their games are harmless and perfectly legal." They may be legal, but harmless is another story.
Regardless, fantasy sports is becoming big, big business. Last year 41 million Americans and Canadians played fantasy sports games. It seems like everyone is onboard with it too as professional sports leagues like the National Basketball Association and Major League Baseball, as well as businesses like Comcast, Fox and Google have invested in the industry. The New England Patriots and other NFL teams even have lounges in their stadiums designed specifically to cater to fantasy fans, but since betting on sports is illegal in all but 4 states, nobody calls playing fantasy football gambling.
Fantasy football has been around for years. But until the last few years it's primarily been a group of friends or coworkers playing against each other over the several months long football season. Each person assembles a mock team by selecting different players and then points are awarded each week according to how those players perform. There are player drafts at the beginning of the season and a winner is decided at the end. As the popularity has grown, so has how serious playing fantasy football is taken. A guy I am counseling for relationship problems flew to Los Angeles for a weekend at the end of August so he could get together with friends for draft parties in 2 different leagues he is playing in. Still just sounds like guys enjoying sports together, right?
Companies like DraftKings and FanDuel now encourage people to play weekly and daily, and in other sports than football. Just like at the casino, you can play small or play big. Some people spend $5 on a football lineup while others spend thousands of dollars a day on hundreds of baseball lineups. ESPN and other sports networks have daily fantasy player updates. What used to take place over a sports season has now taken on the moniker of daily fantasy sports (#DFS). There are magazines, websites, even a fantasy players association devoted to those who play.
What Experts Say About Fantasy Football & Gambling
- "I don't know how anyone in their right mind (who) would think it doesn't come under the definition of gambling." - Tim Donaghy, former NBA referee, who went to prison for betting on basketball games.
- "This is, make no mistake about it, it is gambling. You're wagering money on an uncertain outcome. It is not entertainment, it is gambling." - Daniel Wallach, sports and gaming attorney, on ESPN's Outside The Lines.
- "Daily fantasy sports is as much a form of sports betting as going up to the window at the MGM Grand and putting money on the outcome of a game. For anyone to say one is OK and the other isn't is ridiculous." - Eric Raskin, editor-in-chief at ALL IN magazine.
- "We have hundreds of thousands of mostly men who are playing fantasy football and don't know they are breaking the law." - Washington State Sen. Pam Roach from Washington is one of five states where fantasy sports is illegal).
- "Sports gambling is a very big underpinning to the popularity of many sports. Some people really can't enjoy a game unless they have money riding on it." - Fay Vincent, former Major League Baseball Commissioner.
Probably one of the biggest signs of whether or not playing fantasy football is gambling is to look at who's playing and winning. An article in The Buffalo News said that research has found a lot of the top daily fantasy earners are professional poker players. "Poker pro Matt Smith won the inaugural DraftKings Millionaire Maker a year ago. Another poker pro, Brandon Adams, won $100,000 payouts on back-to-back nights playing DraftKings fantasy baseball."
Can Playing Fantasy Sports Become An Addiction?
Nearly everyone understands that taking cocaine or methamphetamine can lead to addiction, but many other addictive behaviors aren't so obvious. If you drink a beer does that mean you'll become an alcoholic? Maybe, or maybe not. If you invest in the stock market does that mean you'll become addicted to day trading? Not necessarily. Some people do become addicted though, whether it's to alcohol, marijuana, video games, work, or playing fantasy football.
Since fantasy games are still relatively new there isn't a lot of research on it yet. A study in the journal Addictive Behaviors found playing fantasy sports among college students led to an increase in gambling related problems. Eilers Research did a survey of daily fantasy players that showed 70 percent were not making money, but more than half of them didn't care because it made sports more fun for them to watch.
Here's a quote from finance expert and radio host, Clark Howard,
A buddy of mine has three fantasy teams going simultaneously. Yet when I see him during the season, it's like he's not really there; he spends all his time texting people on these fantasy football texting groups talking about what's going on in their world."
Sound like anybody you know?
Whether playing fantasy football is gambling or not, here are 5 signs that it could be a problem for you (or someone you know):
- Like the guy above, you're checked out of life a lot. Other important things in your life, like a partner or kids, take a back seat.
- Just like this guy, you're obsessed with it. The need to know the latest info is always pulling at you. You've become compulsive about checking scores, stats, or the latest injury reports.
- You're losing too much time or money.
- You're moody and irritable. Your happiness is dependent upon how your fantasy teams are doing.
- Like those in the research above, you need to play in order to make watching sports fun.
Anything that controls us is not good for us. So rather than jumping in the debate over whether playing fantasy football is gambling, or even if it could be an addiction, just be honest with yourself about whether it has more of a positive or negative affect on you and those you love. When we were kids sports was so much more simple and fun.
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