Potentially $13.4 Billion Dollars Lost On Lost Productivity
People trying to get the best lineup spend time on fantasy football researching the best picks for the week. A report by Challenger, Gray & Christmas, Inc. showed that fantasy football could cost employers 13.4 billion dollars in lost productivity. They determined this number by taking the average hourly earnings which is $24.45, of the country’s 117 million workers on private nonfarm payrolls. Since not everyone employed is playing fantasy sports, they take the 31 million working age Americans that are playing fantasy sports. Then, to estimate the number of those fantasy sports participants who are employed, Challenger, Gray & Christmas Inc. applied the,"current employment-to-population ratio of 59 percent to the total", leaving 18.3 million employed fantasy participants. According to the FSTA( Fantasy Sports Trade Association), "the average player spends three hours per week just managing his or her team. Players spend up to nine hours per week reading or watching something about fantasy sports." Challenger, Gray, & Christmas Inc., playing on the safe side, uses two hours a week at work. So taking 18.3 million participants, multiplied by $24.45, multiplied by 2 hours spent during work, gives you 895 million dollars lost in productivity. Then, you multiply 895 million dollars over the 15 week fantasy season and that gives you 13.4 billion dollars in lost productivity. That isn't a 100% true statement because no one knows how much time people spend on fantasy while at work, but that gives an estimate on how big the number can be.
If you are an employer, you might want to chose people who don't play fantasy football if you want to trust the Challenger, Gray, & Christmas Inc. report. Fantasy football participants beware, you might be putting in a lot of time for little or no monetary return.
If you are an employer, you might want to chose people who don't play fantasy football if you want to trust the Challenger, Gray, & Christmas Inc. report. Fantasy football participants beware, you might be putting in a lot of time for little or no monetary return.