Wednesday, September 12, 2007
Get back to work! Fantasy football costs U.S. companies $435 million a week
We heard this on CNN's business section of their morning show but couldn't find anything on CNN.com. So we googled and found a report from about three weeks ago. Check out these numbers:
U.S. companies could lose up to 435 million dollars a week from lost productivity by workers who use on-the-clock time to play fantasy football.
The report, from the firm Challenger Gray and Christmas Inc., used an average salary of $80,000 of each fantasy participant to obtain the lost productivity estimate. (Real quick: An average salary of $80,000?! Whoa!) These numbers apparently come from comscore.com and hitwise.com research that indicates the average fantasy football player makes between $60,000 and $100,000 per year.
So, anyway these "average" workers make $6.40 per minute and if they use 10 minutes a day then that's $64 per worker.
Couple that with Fantasy Sports Trade Association's estimated 13.6 million Americans who indulge in the luscious fantasy football world and there you have your wasted money.