Study finds that fantasy football may cost employers $17B

SOUTH LAKE TAHOE, Calif. – It was a four hour drive from San Francisco to Lake Tahoe for the 10th annual Made You Look (MYL) Fantasy Football Draft.

The young Fil-Ams of MYL brought their wives, girlfriends, and children to the rental home for Labor Day weekend.

While it may be a fun reason to get together they also see it as a very serious event to be competitive and to come out this season as the winner.

“Very important. It’s my life goal,” said two-time champion Ruel Mendoza whose team name is “Beard Coast Offense. “It’s always fun to win and to beat them is always a great feeling and being able to make fun of them for a year is always fun to have.”

The guys have been strategizing and researching current NFL players to make sure they assemble the best possible team to win and they know the studying does not end after the draft.

The owner of “October’s Very Own” Anthony Carrera who drove him family from San Diego said, “You have to stay on top of the news throughout the season. You have to stay on top of player news and injuries throughout the season otherwise guys will be you to it.”

And while there is a lot of smack talk and teasing about a non-winning team — it may be their employers who are the biggest losers.

Fantasy football could cost U.S. employers close to $17 billion in lost productivity, according to Chicago-based employment firm Challenger, Gray & Christmas.

The numbers were crunched based on the finding of 57.4 million fantasy players by the Fantasy Sports Trade Association (FTSA). And of those players, the FTSA estimates that 67 percent or 38.5 million are full-time workers who average $25.69 an hour based on the U.S. Bureau of Labor Statistics.

If each player spent an hour on fantasy football, employers would lose $989.1 million in unproductive wages. (38.5M x $25.69)

And if an hour of work was spent assembling their lineups through each week of the 17 week regular season the total cost would come to $16.8 billion. ($989.1M x 17)

Challenger, Gray & Christmas say employers cannot put all the blame on fantasy football due to other activities like Solitaire, YouTube, and Facebook.

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