Assignment for my sports business models class. I had to research and create an analysis of the NBA featuring its strengths, weaknesses, opportunities, and threats.
Assignment for my sports business models class. I had to research and create an analysis of the NBA featuring its strengths, weaknesses, opportunities, and threats.
How Basketball Teams Drive Fan EngagementSimplyCast
Ever wondered how basketball teams engage their fans digitally? This guide will break it down and offer ideas for other teams to build a loyal fan base using marketing automation.
Chesapeake Bayhawk of Major League Lacrosse have great opportunities for a variety of sponsorship opportunities. The Bayhawks play all of their home games in Navy-Marine Corps Memorial Stadium in Annapolis, MD.
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How Hockey Teams Drive Fan Engagement With Marketing AutomationSimplyCast
Hockey teams need more than a winning team to get fans. They need to engage them and interact with them. See how marketing automation makes that possible.
How do you keep your current customers happy? This presentation is from our monthly Geek Meets where we share 20 minutes of marketing tips, 20 minutes of marketing tools, 20 minutes of Q & A. Free webinars the last Friday of each month. Register at http://inboundtrain.com/geek-meets
Part Two: Opportunities for Land-Based Casinos in a Digital WorldNicky Senyard
Part Two: Opportunities for Land-Based Casinos in a Digital World
As the US iGaming market continues to unfold slowly, land-based casinos are now evaluating the opportunities for which they can make the transition online. In part two of my webinar series with @iGaming Business, I sat down with @Peter Laverick of BAM Software to consider the noteworthy opportunities that lie with both online horseracing wagering and daily fantasy sports.
Here are some highlights from our conversation on the two verticals:
• Because both online horseracing wagering and daily fantasy sports were specifically excluded from the US Federal Government’s Unlawful Gambling Enforcement Act (UIGEA) of 2006, they have undoubtedly risen in popularity with the US population
• Opportunities exist across both verticals related to customer acquisition and product evolution
• Reminiscent of the general iGaming trend, these verticals are heading in a mobile direction. Mobile apps have become a crucial element to allow for an optimal player experience
Please take a look at the slides below for a more comprehensive recap of our conversation. Moreover, I strongly encourage you to continue the conversation in the comment section, as it would be great to hear your thoughts on these growing verticals.
Some notes I collated at a previous job, just for fun. Borrowed liberally the observations of excellent commentators like @pullthepocket and @akrejcik. A little dated now (was written before Yahoo and PokerStars DFS products released) but hopefully useful to someone out there.
The Business Winners & Losers of an NFL LockoutSteering Imc
Since their last work stoppage in 1987, the NFL has enjoyed great prosperity turning itself into a $9B dollar juggernaut and making millionaires out of its players. None of this growth would have been possible without the money generated from the sales of television rights, advertising dollars and a host of other, closely aligned commercial interests. The business of football extends well beyond the field. Of course while fans will be broken-hearted, it is the companies and industries with the greatest exposure to the NFL which may have the most at stake in this fight.
How Basketball Teams Drive Fan EngagementSimplyCast
Ever wondered how basketball teams engage their fans digitally? This guide will break it down and offer ideas for other teams to build a loyal fan base using marketing automation.
Chesapeake Bayhawk of Major League Lacrosse have great opportunities for a variety of sponsorship opportunities. The Bayhawks play all of their home games in Navy-Marine Corps Memorial Stadium in Annapolis, MD.
Chesapeake Bayhawk of Major League Lacrosse have great opportunities for a variety of sponsorship opportunities. The Bayhawks play all of their home games in Navy-Marine Corps Memorial Stadium in Annapolis, MD.
How Hockey Teams Drive Fan Engagement With Marketing AutomationSimplyCast
Hockey teams need more than a winning team to get fans. They need to engage them and interact with them. See how marketing automation makes that possible.
How do you keep your current customers happy? This presentation is from our monthly Geek Meets where we share 20 minutes of marketing tips, 20 minutes of marketing tools, 20 minutes of Q & A. Free webinars the last Friday of each month. Register at http://inboundtrain.com/geek-meets
Part Two: Opportunities for Land-Based Casinos in a Digital WorldNicky Senyard
Part Two: Opportunities for Land-Based Casinos in a Digital World
As the US iGaming market continues to unfold slowly, land-based casinos are now evaluating the opportunities for which they can make the transition online. In part two of my webinar series with @iGaming Business, I sat down with @Peter Laverick of BAM Software to consider the noteworthy opportunities that lie with both online horseracing wagering and daily fantasy sports.
Here are some highlights from our conversation on the two verticals:
• Because both online horseracing wagering and daily fantasy sports were specifically excluded from the US Federal Government’s Unlawful Gambling Enforcement Act (UIGEA) of 2006, they have undoubtedly risen in popularity with the US population
• Opportunities exist across both verticals related to customer acquisition and product evolution
• Reminiscent of the general iGaming trend, these verticals are heading in a mobile direction. Mobile apps have become a crucial element to allow for an optimal player experience
Please take a look at the slides below for a more comprehensive recap of our conversation. Moreover, I strongly encourage you to continue the conversation in the comment section, as it would be great to hear your thoughts on these growing verticals.
Some notes I collated at a previous job, just for fun. Borrowed liberally the observations of excellent commentators like @pullthepocket and @akrejcik. A little dated now (was written before Yahoo and PokerStars DFS products released) but hopefully useful to someone out there.
The Business Winners & Losers of an NFL LockoutSteering Imc
Since their last work stoppage in 1987, the NFL has enjoyed great prosperity turning itself into a $9B dollar juggernaut and making millionaires out of its players. None of this growth would have been possible without the money generated from the sales of television rights, advertising dollars and a host of other, closely aligned commercial interests. The business of football extends well beyond the field. Of course while fans will be broken-hearted, it is the companies and industries with the greatest exposure to the NFL which may have the most at stake in this fight.
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2. THREE ASPECTS OF
FANTASY FOOTBALL
• Growth
• How much has fantasy football grown over the years?
• Advertising
• How do companies advertise and how much do they
advertise?
• Business/Legal
• What are the business and legal issues with fantasy
football?
3. FIRST, WHAT IS
FANTASY FOOTBALL?
• Fantasy Football definition
• Fantasy football is a football competition with imaginary
teams which the participants own, manage, and coach and
with the games based on statistics generated by actual
players or teams of a professional sport.
• Fantasy football is played on websites
• ESPN
• Yahoo
• NFL.com
4. SEASON-LONG VS.
DAILY
• There are two major types of fantasy football
• Season-long leagues
• Draft at the beginning of the season
• You can make trades and pick up free agents
• Play against friends or strangers
• Lasts the whole season
• Daily leagues
• Start with a budget
• Each player has a different price based on their value
• There is a new “draft” every week where you can pick
different players
5. MY FANTASY FOOTBALL
EXPERIENCE
• Season-long leagues
• Three years
• ESPN
• 8 total teams
• 1 league championship
• Daily
• Played for three weeks
• DraftKings
• Won $0
• Stopped playing
6. BEGINNINGS OF
FANTASY FOOTBALL
• Fantasy football started in a hotel room in 1962
• Wilfred "Bill" Winkenbach
• First public league in 1969
• Oakland
• Andy Mousalimas
• Only for a specific few
• “All-male sports enthusiasts”
7. GROWTH STATISTICS
• As of 2013, over 35 million individuals participate in
fantasy football
• Every one in five adult males over 12 play a fantasy sport
• Estimated to have a $3.5 billion impact on the economy
• On average, players spend $110 a year on fantasy sports
8. REASONS FOR
GROWTH
• Fantasy football participation has increased with the
growth of daily fantasy sports
• DraftKings
• FanDuel
• Both valued at $1.2 billion
• Ability to make money
• Payouts ranging from $1 to millions
• Effective Advertising
• Commercials
• Web advertisements
9. FANTASY
BUSINESSES
• Growth in popularity has led to business opportunities
• Unique businesses
• Websites devoted just to fantasy
• DraftKings
• FanDuel
• Fantasy columns on ESPN, Yahoo
• Podcasts
• Books
• Gambling (which we’ll get into later)
10. GROWTH AND THE
INTERNET
• The Internet is the core reason behind the growth
• Websites devoted to fantasy
• Websites compile statistics, projections
• Keeps users from doing it themselves
• Just like everything else, makes it easy for the user
• Websites make money through web traffic
• Advertising
11. COMPETITION AND
TRADITION
• Season-long fantasy leagues
• You can have a league whose members remain intact
every year
• Families
• Co-workers
• Friends
• Church groups
• These groups foster fierce competition and tradition
• Examples
• The loser has to wear a clown costume
• Picking the order of the draft through the Kentucky Derby
12. FANTASY FOOTBALL
AT WORK
• Many employees engage in fantasy football leagues
• Out of 1500 surveyed, 16.59% participated in a fantasy
football league at work
• Fosters participation at work
• Employees participating in fantasy football leagues with
co-workers were more engaged than employees who
didn’t participate
• Higher levels of teamwork
• Felt more valued
13. ADVERTISING
• Advertising in fantasy football
• Commercials
• Online advertisements
• Partnerships with the NFL and individual teams
• Social media
• Growth of daily fantasy football has greatly increased
advertising efforts
16. FANTASY FOOTBALL
ON TV
• Fantasy football has drawn more viewers to NFL games
than there were before
• The number of NFL games watched per fantasy football
player has increased as well.
• Fantasy football players’ fandom towards their fantasy
teams is similar to that of their fandom for their favorite
NFL team
17. ADVERTISING THROUGH
ATHLETES AND WRITERS
• When Floyd Mayweather fought Manny Pacquiao in May,
he had a FanDuel logo on his shorts
• When American Pharaoh won the Triple Crown, he had
DraftKings gear on his back.
• Popular ESPN fantasy columnist Matthew Berry is a
spokesman for DraftKings
18. FUNDING FROM
MEDIA COMPANIES
• Media companies are investing in fantasy websites
• Fantasy sites creating revenue and growing quickly
• Competition is fierce between DraftKings and FanDuel
• DraftKings
• Signed a $250 million advertising deal with ESPN
• $300 million deal with Fox Networks Group
• FanDuel
• $275 million with Time Warner and Comcast
19. ADVERTISING
STATISTICS
• Together, DraftKings and FanDuel spent more than $27
million for about 8,000 television spots during the first
week of the 2015 NFL season.
• FanDuel says that is pays out $75 million a week and $2
billion a year
• 57 million people across the United States and Canada are
participating in fantasy sports this year
20. THE COVETED
AUDIENCE
• The typical fantasy football player
• College-educated professional
• 30s or 40s
• Average household income over $90,000
• Why are they coveted?
• Disposable income
• Of the 49% of fantasy football players who pay to play,
most spend an average of $468 a year
• Once they start playing, they can get hooked and come
back year after year
21. HOW MUCH IS TOO
MUCH?
• Consumer backlash from the torrent of fantasy football
advertising
• DraftKings and FanDuel are flooding the airwaves with
commercials
• Consumers are irritated with the amount of advertisements
• Online conversation between consumers
• During the first week of the NFL season, around 75% of
comments made about DraftKings and FanDuel
commercials were negative
22. LEGAL ISSUES
• As daily fantasy leagues have increased in popularity, the
ethics and legality of daily fantasy sports have come into
question
• The “daily” aspect is concerning
• Mimics gambling habits
• The argument for daily fantasy sports is that there is skill
involved
23. ADVERTISING
CONCERNS
• Advertising methods of DraftKings and FanDuel
questioned
• “They make it sound like it’s as simple as can be,” says
lawyer John Fernandes. “Go online, sign up, place your
bet, pick your team. Well, where’s the skill in that?”
• DraftKings and FanDuel commercials
• Some believe that because of the nature of their
advertising, they are similar to a gambling institution
24. EFFECT ON CASINOS
AND BOOKMAKERS
• With the growth of fantasy football, casinos and
bookmakers are worried that their business will be taken
over by websites similar to DraftKings and FanDuel
• As of right now, the federal government does not view
fantasy sports as gambling.
• This new booming industry, if determined to be legal, may
lead to the decline of casinos and bookmakers
25. JOHN OLIVER’S TAKE
• Comedian and TV show host John Oliver has his own take
on daily fantasy sports
• https://www.youtube.com/watch?v=Mq785nJ0FXQ
26. THE UK IS AHEAD OF
THE GAME
• Blatant sports gambling is prevalent in the United
Kingdom
• A legal sports book in Wembley Stadium in Britain
• Soccer stadiums have gambling kiosks
• Thousands of sports betting shops
• How has it helped the UK government?
• 100,000 jobs created by the sports gambling industry
• In total, it generates $9.6 billion in revenue
27. NEW YORK PUTS ITS
FOOT DOWN
• The New York City attorney general, Eric T. Schneiderman,
ordered DraftKings and FanDuel to stop accepting bets
from New York residents
• Determined to violate state gambling law
• More than 500,000 daily fantasy football players in New
York
• Schneiderman:
• “It is clear that DraftKings and FanDuel are the leaders of a
massive, multibillion-dollar scheme intended to evade the
law and fleece sports fans across the country. Today we
have sent a clear message: not in New York, and not on
my watch.”
28. PROFESSIONAL
SPORTS LEAGUES
• All four professional sports leagues, along with individual
professional sports teams, have a strong stance against
gambling.
• However, they continue to maintain their partnerships with
daily fantasy websites.
• Two of the most powerful NFL owners, Jerry Jones of the
Cowboys and Robert Kraft of the Patriots, own equity
stakes in DraftKings
29. THE FUTURE OF
FANTASY FOOTBALL
• Fantasy football has grown dramatically over the past
decade
• Daily fantasy has exponentially grown over the past year
• Because of legal questions, the growth in daily fantasy
may not last
• Season-long leagues will most likely continue to grow,
especially if daily fantasy is ruled to be illegal
30. THE FUTURE OF
FANTASY FOOTBALL
• Fantasy football has slowly begun to dominate social
media, advertisements, trending topics, and sports
conversations, and will continue to do so in the future
• As for me, I won’t say whether I think it’s legal or not. All I
am saying is that at the end of the day, fantasy football is
all up to chance. You can look at statistics and pore over
every article ever written about fantasy football, but you
have no control over what happens on the football field.
• Sure, it’s skill. Yeah right.
Editor's Notes
fantasy-football. (n.d.). Dictionary.com's 21st Century Lexicon. Retrieved December 10, 2015 from Dictionary.com website
Hunt, M. (2005, December 11). How Fantasy Football Works. Retrieved December 10, 2015, from http://entertainment.howstuffworks.com/fantasy-football3.htm
DWYER, B., DRAYER, J., GREENHALGH, G., & LECROM, C. W. (2013). SUBSTITUTE OR COMPLEMENT? FANTASY FOOTBALL AND NFL FANDOM. Marketing Management Journal, 23(2), 71.
Carlson, C. (2013). The Reality of Fantasy Sports: A Metaphysical and Ethical Analysis. Journal Of The Philosophy Of Sport, 40(2), 187-204.
Hunt, M. (2005, December 11). How Fantasy Football Works. Retrieved December 10, 2015, from http://entertainment.howstuffworks.com/fantasy-football3.htm
Gouker, D. (2015, December 3). DraftKings or FanDuel? In-Depth Comparison Of DFS Leaders. Retrieved December 10, 2015, from http://www.legalsportsreport.com/3832/fanduel-or-draftkings/
Miner, C. (2014). FANTASY SPORTS AND THE RIGHT OF PUBLICITY ARE UNDER FURTHER REVIEW. Touro Law Review, 30(3), 789-821
Miner, C. (2014). FANTASY SPORTS AND THE RIGHT OF PUBLICITY ARE UNDER FURTHER REVIEW. Touro Law Review, 30(3), 789-821
Davis, S. (2015, September 10). I went to the most insane fantasy-football draft in New Jersey - here's how it went down. Retrieved December 11, 2015, from http://www.businessinsider.com/insane-fantasy-football-draft-2015-9
Lauritsen, J. (2015, September 4). Why fantasy football at work is good for business. Retrieved December 11, 2015, from http://www.bizjournals.com/denver/how-to/human-resources/2015/09/why-fantasy-football-at-work-is-good-for-business.html
Nesbit, T. M., & King, K. A. (2010). The Impact of Fantasy Sports on Television Viewership. Journal Of Media Economics, 23(1), 24-41. doi:10.1080/08997761003590721
Dwyer, B. (2011). The Impact of Fantasy Football Involvement on Intentions to Watch National Football League Games on Television. International Journal Of Sport Communication, 4(3), 375-396.
Flood, B. (2015, July 6). How Daily Fantasy Sports Became a Heavyweight in the Advertising World. Retrieved December 11, 2015, from http://www.adweek.com/news/advertising-branding/how-daily-fantasy-sports-became-heavyweight-advertising-world-165704
Perlberg, S. (2015, August 28). DraftKings Starts Fantasy Football Ad Binge. Retrieved December 11, 2015, from http://blogs.wsj.com/cmo/2015/08/28/draftkings-starts-fantasy-football-ad-binge/
Drape, J., & Belson, K. (2015, September 16). An Ad Blitz for Fantasy Sports Games, but Some See Plain Old Gambling. Retrieved December 11, 2015, from http://www.nytimes.com/2015/09/17/sports/football/draftkings-fanduel-fantasy-sports-games.html
Chudgar, S. (2013, August 12). Fantasy Football Players Are Dream Demographic -- If You Can Get Their Attention. Retrieved December 11, 2015, from http://adage.com/article/media/fantasy-football-players-a-dream-demographic/243585/
The Consumer Backlash To Fantasy Football Ads | PYMNTS.com. (2015, October 1). Retrieved December 11, 2015, from http://www.pymnts.com/in-depth/2015/the-fantasy-football-advertising-nightmare/
Comeau, Z. (2015, September 29). DraftKings and FanDuel on 'blurry' legal ground with skill argument. Retrieved December 11, 2015, from http://www.metrowestdailynews.com/article/20150926/NEWS/150926530/?Start=3
Comeau, Z. (2015, September 29). DraftKings and FanDuel on 'blurry' legal ground with skill argument. Retrieved December 11, 2015, from http://www.metrowestdailynews.com/article/20150926/NEWS/150926530/?Start=3
Heitner, D. (2015, September 16). The Hyper Growth of Daily Fantasy Sports. Retrieved December 11, 2015, from http://www.forbes.com/sites/darrenheitner/2015/09/16/the-hyper-growth-of-daily-fantasy-sports-is-going-to-change-our-culture-and-our-laws/
Bogdanich, W., Drape, J., & Williams, J. (2015, November 10). Attorney General Tells DraftKings and FanDuel to Stop Taking Entries in New York. Retrieved December 11, 2015, from http://www.nytimes.com/2015/11/11/sports/football/draftkings-fanduel-new-york-attorney-general-tells-fantasy-sites-to-stop-taking-bets-in-new-york.html
Bogdanich, W., Drape, J., & Williams, J. (2015, November 10). Attorney General Tells DraftKings and FanDuel to Stop Taking Entries in New York. Retrieved December 11, 2015, from http://www.nytimes.com/2015/11/11/sports/football/draftkings-fanduel-new-york-attorney-general-tells-fantasy-sites-to-stop-taking-bets-in-new-york.html