Episode Transcript
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Speaker 1 (00:00):
So we do this on a weekly basis. Amy Wagner
Wealth Advisor, Dean Dorton Private Wealth. We talk about sports
and money, and this week's specifically fantasy football. Yeah.
Speaker 2 (00:10):
So I have noticed in my house, this is where
everything comes from, right when I started thinking about something
that there has been a change in the past few
years over how we consume sports in my house, specifically
when football season comes around, right, I mean, as you know,
like you born and raised in this area, born and
bred a Cincinnati Bengals fan. Well, recently it's not even necessarily. Yes,
(00:31):
we watch, of course the Bengals games, but we watch
every single NFL football game in our house. Why well,
not because we care about all those teams, because we're
watching our fantasy football players. It's my sixteen year old son,
it is my husband, it is my seventy seven year
old dad, and it is my nephews. It's everyone, right,
(00:52):
and I think it's just changing a lot about sports.
Speaker 1 (00:56):
So here's the money part of this that I want
to know. Because you hear the occasionally you hear this
the week of March madness, right where companies are losing
trillions of dollars of productivity because people are filling out
their brackets. So the week of the Super Bowl, it's
always like companies are losing a lot of productivity because
people are obsessed with the super Bowl and all they're
doing is talking about and they're planning their parties or
(01:16):
they're making their bets. And then you hear something similar
with fantasy football. When when you hear those things, what's
actually happening.
Speaker 2 (01:24):
So the stats say about seven to ten percent lost
productivity on a weekly basis during the fantasy football season.
And okay, I did an unofficial poll, right, I mean
I ask them people on social media, but also I
picked up my phone and texted my nephew, Michael, who's
the commissioner of our league. Right, and I was like,
all right, Like, tell me straight, how much are you
(01:45):
spending on this?
Speaker 1 (01:46):
Right?
Speaker 2 (01:46):
You're figuring out the rules every year, you're figuring out
the draft lineup. He was like, Eh, not that bad.
He's like, but I'll tell you this. He went to UD.
He's like, I have a group of friends that are
still in a fantasy league. We fight over rules constantly,
we are constantly doing research, we are trading players all
the time. And he was like, I was just taught.
I was the former commissioner. The new commissioner is spending
(02:07):
at least an hour a day on fantasy football. Listen,
this is the commissioner. This is not watching the sports
on the weekends, a Monday through Friday proposition, during prime
work hours. You know, I mean, it's happening.