Fantasy Football costs business over $1 billion a week in lost production

SAK Monsters · 08-17-2006, 12:50 PM

I know they do a similar study based on lost production durinng NCAA March Madness

E-MAIL STORY PRINTER FRIENDLY FOXFAN CENTRAL
FOXNEWS.COM HOME > BUSINESS
Study: Fantasy Football Costs Businesses $1.1 Billion a Year
Wednesday, August 16, 2006

SEATTLE — Office workers combing the league waiver wire for running backs or back-up quarterbacks are part of a growing number of fantasy football owners costing employers as much as $1.1 billion a week in lost productivity, according to a study released Wednesday.

During the National Football League regular season, nearly 37 million people spend an average of 50 minutes a week at work managing their fantasy teams comprised of real-life players tallying points based on statistical performance, according to outplacement consultants Challenger, Gray & Christmas, Inc.

Fantasy sports ranks with shopping on eBay Inc.'s (EBAY) Web auction site and online poker as the biggest waste of productivity at the workplace, said John Challenger, CEO of the consulting firm.

However, Challenger encourages employers to embrace fantasy sports in order to foster a sense of camaraderie in the workplace.

"The potential damage to morale and loyalty resulting from a fantasy football ban could be far worse than the loss of productivity caused by 10 minutes of online team management," said Challenger.

The study also cited a survey saying average fantasy sports owners spend 34 minutes a day just thinking about their teams and spend close to $500 a year on fantasy sports.

The 17-week NFL regular season kicks off on Sept. 7 in Pittsburgh, where the defending Super Bowl champion Steelers will host the Miami Dolphins.

Brown_23 · 08-17-2006, 03:38 PM

Classic!!

I know I have contributed my share in the lack of productivity department.

Craztel · 08-17-2006, 06:38 PM

I just read that story the other day, and it amazed me as to the amount of money they have projected they lose. I guess this helps answer some questions I have about waivers, when players get picked up so fast, at all hours of the day.....

inSTAALed · 08-17-2006, 09:14 PM

If I was old enough to work than I would cost my employers billions as well.

CTNelson · 08-18-2006, 04:18 PM

Yeah I haven't played fantasy football in a couple years but when I did I was obsessed. It can take up alot of your time if you let it.

fetznjtown · 08-20-2006, 08:54 AM

Wow, I never got into the fantasy football, but knew a lot of people that did. I can't believe that people invest so much into it, after reading that article, I'm sure many a person lost their job over it too.

FourBear · 08-20-2006, 11:40 AM

I don't play fantasy football, but I know it can get pretty intense. Some of my friends play fantasy baseball, and if they aren't careful it can consume all their time. I remember them putting off college work to check on stats and add players, lol. You don't just lose productivity in business.

jcurry3rd · 10-05-2006, 06:56 PM

Think fantasy baseball is more costly than football since it last for 6months of everyday transactions. While football Wed. waiver wire and Fridays take less time.

SDK_06_CHAMP · 10-05-2006, 07:02 PM

God Bless America!!!!

Powers890 · 10-05-2006, 10:48 PM

I've contributed to that loss, although I believe they Hike the number up to make it look like companies are loosing more than they actually are.

08-17-2006, 12:50 PM	#1 (permalink)
SAK Monsters Walkon Join Date: Aug 2006 Posts: 16 vCash: 2000	Fantasy Football costs business over $1 billion a week in lost production I know they do a similar study based on lost production durinng NCAA March Madness E-MAIL STORY PRINTER FRIENDLY FOXFAN CENTRAL FOXNEWS.COM HOME > BUSINESS Study: Fantasy Football Costs Businesses $1.1 Billion a Year Wednesday, August 16, 2006 SEATTLE — Office workers combing the league waiver wire for running backs or back-up quarterbacks are part of a growing number of fantasy football owners costing employers as much as $1.1 billion a week in lost productivity, according to a study released Wednesday. During the National Football League regular season, nearly 37 million people spend an average of 50 minutes a week at work managing their fantasy teams comprised of real-life players tallying points based on statistical performance, according to outplacement consultants Challenger, Gray & Christmas, Inc. Fantasy sports ranks with shopping on eBay Inc.'s (EBAY) Web auction site and online poker as the biggest waste of productivity at the workplace, said John Challenger, CEO of the consulting firm. However, Challenger encourages employers to embrace fantasy sports in order to foster a sense of camaraderie in the workplace. "The potential damage to morale and loyalty resulting from a fantasy football ban could be far worse than the loss of productivity caused by 10 minutes of online team management," said Challenger. The study also cited a survey saying average fantasy sports owners spend 34 minutes a day just thinking about their teams and spend close to $500 a year on fantasy sports. The 17-week NFL regular season kicks off on Sept. 7 in Pittsburgh, where the defending Super Bowl champion Steelers will host the Miami Dolphins.

10-05-2006, 06:56 PM	#8 (permalink)
jcurry3rd Starter Join Date: Sep 2006 Location: Georgia Mt's Age: 46 Posts: 282 vCash: 2000 NFL Team: New York Giants NCAA Team: Nebraska Cornhuskers	Think fantasy baseball is more costly than football since it last for 6months of everyday transactions. While football Wed. waiver wire and Fridays take less time. __________________ Cut my finger i bleed Giant blue! UGA VI is so ugly he is Cute!"I was smarter than you when i was there and i am smarter than you now!!!!!" Travis Dayne "Under Siege 2"

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

LinkBacks (?) LinkBack to this Thread: http://www.footballboards.com/fantasy-football-forum/236-fantasy-football-costs-business-over-1-billion-week-lost-production.html
Posted By	For	Type	Date
Fantasy Football Forum [Archive] - Football Boards	This thread	Refback	07-15-2008 01:36 PM

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
The lost art... fullback	DirtyHawgs	NFL Football Forum	9	08-11-2006 04:22 PM
The Law of the First 3 picks in Fantasy Football..	DirtyHawgs	Fantasy Football Forum	7	08-09-2006 04:07 PM
Fantasy Football Magazines..	DirtyHawgs	Fantasy Football Forum	3	08-09-2006 03:55 PM
Fantasy Football News Source..	DirtyHawgs	Fantasy Football Forum	3	08-09-2006 02:13 PM

08-17-2006, 03:38 PM	#2 (permalink)
Brown_23 The Monster is out!!! Join Date: Aug 2006 Posts: 184 vCash: 2000 NFL Team: Miami Dolphins NCAA Team: Texas Longhorns	Classic!! I know I have contributed my share in the lack of productivity department.

08-17-2006, 06:38 PM	#3 (permalink)
Craztel Starter Join Date: Aug 2006 Posts: 341 vCash: 2000 NFL Team: Denver Broncos	I just read that story the other day, and it amazed me as to the amount of money they have projected they lose. I guess this helps answer some questions I have about waivers, when players get picked up so fast, at all hours of the day.....

08-17-2006, 09:14 PM	#4 (permalink)
inSTAALed Banned Join Date: Aug 2006 Location: Holly Springs, NC Age: 17 Posts: 1 vCash: 2000 NFL Team: Carolina Panthers NCAA Team: Ohio State Buckeyes	If I was old enough to work than I would cost my employers billions as well.

08-18-2006, 04:18 PM	#5 (permalink)
CTNelson Starter Join Date: Aug 2006 Location: Sunrise, Florida Posts: 106 vCash: 2000 NFL Team: Miami Dolphins NCAA Team: Miami Hurricanes	Yeah I haven't played fantasy football in a couple years but when I did I was obsessed. It can take up alot of your time if you let it.

08-20-2006, 08:54 AM	#6 (permalink)
fetznjtown Backup Join Date: Aug 2006 Posts: 42 vCash: 2000	Wow, I never got into the fantasy football, but knew a lot of people that did. I can't believe that people invest so much into it, after reading that article, I'm sure many a person lost their job over it too.

08-20-2006, 11:40 AM	#7 (permalink)
FourBear Starter Join Date: Aug 2006 Posts: 119 vCash: 2000	I don't play fantasy football, but I know it can get pretty intense. Some of my friends play fantasy baseball, and if they aren't careful it can consume all their time. I remember them putting off college work to check on stats and add players, lol. You don't just lose productivity in business.

10-05-2006, 07:02 PM	#9 (permalink)
SDK_06_CHAMP King of the Bad Beat Join Date: Aug 2006 Location: Chanheezy Posts: 711 vCash: 2500 NFL Team: Green Bay Packers NCAA Team: Miami Hurricanes	God Bless America!!!!

10-05-2006, 10:48 PM	#10 (permalink)
Powers890 Walkon Join Date: Oct 2006 Posts: 26 vCash: 2000	I've contributed to that loss, although I believe they Hike the number up to make it look like companies are loosing more than they actually are.