No kidding........................

.................So, it turns out that the massive fantasy football (etc.) leagues are creating only a teeny number of winners.  One version of the story is here.  Of course, what else should one expect from a "skill game".

But the data says that if you're looking to make money, DFS is a losing bet for most people.

According to data put together at Sports Business Daily, a small portion of players take home the cash.

Should have figured this would happen:

 The top players will risk $100,000 a day in entry fees. Why? Krejcik says that some tournaments allows users to enter hundreds or thousands of lineups in a tournament that has a fixed number of entries — meaning that players with deep pockets can enter 5% to 10% of lineups. In many tournaments, the top 1% to 10% of winners get the outsize payout, making all that investment worthwhile. He estimates top players get 30% ROI — not much when you're betting $100 but quite a bit when you're getting into six figures.

From the cheap seats, it would appear that the real winners are the TV stations raking in millions of dollars in advertising fees from a source that was non-existent only a few years ago.
thanks craig