First Fantasy Sports TV Network Set To LaunchPlatform Will Be The First Of Its Kind, Company Says |
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A 24/7 television network just for fantasy sports is close to coming to fruition.
On Mar. 4, the network, created by Anthem Media Group, Inc., will become available in North America. The group said that fantasy sports has become a $5 billion-a-year industry. For comparison, the NFL brings in about $9 billion in revenue each year.
Anthem Media added that the network will be the first of its kind, and it hopes to reach as many of the estimated 40 million people in North America who play fantasy sports as it can.
“With the fantasy sports industry growing more rapidly and arguably larger than the business of underlying sports themselves, the time to create a multi-faceted media property for this industry is now,” Louis Maione, Chief Strategy Officer of the network, said in a statement.
The average player (75 percent male, 25 percent female) spends close to $500 per year on fantasy-related items and services, the group said.
Although it has key differences with gambling, fantasy sports does have some similarities with sports betting and should be considered among the future developments for gaming — whether online or live — in the United States. Casinos in New Jersey, for example, have been authorized by the state to offer a daily fantasy sports product.
For more info on what the Fantasy Sports Network will offer, check out the press release.
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