Leaguescape, a recently launched poker-modeled Fantasy Sports site is trying to provide the one-stop shop for all things betting on Fantasy Sports. Following the online poker business model, Leaguescape is trying to revolutionize the Fantasy Sports industry as PartyPoker did poker.
In 2003, an accountant from Tennessee turned a $39 investment into $2.5 million. How did he do that? Chris Moneymaker became the first World Series of Poker Champion (WSOP) in tournament history to originally qualify from playing the online version of the game. Moneymaker’s remarkable victory sparked a realization that people could make more money sitting at home and becoming a professional poker player rather than going to work. In ‘03, there were 839 entrants into the WSOP. In 2004, only one year later, the number tripled to 2,576 and in 2006, the entrant field was over ten times larger at an astonishing number of 8,773.
Likewise, it’s estimated by the Fantasy Sports Trade Association that nearly 30 million people play fantasy sports in North America alone. This figure has been growing at 15% a year and seems to be one big event away from exploding into every living room and office in the US – where fantasy football alone has an estimated $1.1 billion a week in lost productivity for employers. For the fantasy sports industry, these numbers mean big business, as Fantasy Sports is estimated to have a $3–$4 Billion annual economic impact across the sports industry overall. So with a “Moneymaker Effect,” could Fantasy Sports explode even further in the United States and around the world? It’s possible, and it helps that Fantasy Sports are exempt from the Unlawful Internet Gambling Enforcement Act (UIGEA), as it deems Fantasy Sports a skill game, providing a safe marketplace for Fantasy Sports “betting.” The average Fantasy Sports player spends about $500 a year, and with continued growth and a possible boom, the industry could continue to expand.
Leaguescape gives you ultimate freedom in customizing the leagues size, ensures your league is filled with paid players, and eases payments by digitizing them. Leaguescape also offers unique salary cap daily games where users draft a team within a salary cap and your players compete against another player’s team each day.
Leaguescape completely follows the poker model; meaning they allow play money which can be exchanged for real money, player points, reward systems (which can be exchanged for money), plan to offer rewards for the top performing player per sport, and unique promotions such as their 100% deposit bonus and $10 free signup bonus. Leaguescape believes that Fantasy Sport leagues don’t need to be filled with friends; rather they encourage playing with other unknown players, just as online poker does.
Leaguescape’s business model and fees are structured after online poker as well. A tournament in online poker has a 10% fee associated with the buy-in and it usually lasts 30 minutes to several hours. Leaguescape has the same 10% fee for each wager in its season long games, which last 4-6 months depending on the sport. For daily games, Leaguescape has lowered its fee to just 5%. Leaguescape applies a proven business model to an emerging Fantasy Sports industry; one that could spark an industry revolution.
Leaguescape is on Twitter
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