The U.S. Supreme Court ruled on Monday that Fantasy Baseball leagues will continue to exist without being controlled by Major League Baseball. Fantasy sports are big business with over $500 million in revenue a year. Fantasy sports companies have a revenue share model with professional leagues, paying them a fee of 5% or 10% for the rights usage for players names and statistics.
Yesh, that was totally geeky, but it’s also important to know that the top leagues pay out MLB, NBA, and MLB around $1.5 million a year.
From the Wall Street Journal:
“The high court effectively ended a three-year legal battle when it refused to hear an appeal from Major League Baseball and its Players Association that, if successful, could have given professional sports leagues the ability to control the lucrative fantasy-sports business. Instead, the court’s decision solidifies the rights of fantasy-sports companies to run their businesses without having to buy licenses from the major sports leagues or their players’ unions anymore.”
19 million geeks in America participate in some sort of fantasy sports league.