Darren Rovell, who writes about the business side of sports, has a brilliant article posted on the CNBC website.
He points out that New England Patriots quarterback Tom Brady’s season-ending injury probably means a loss of $150 million to fans who own him in their fantasy football leagues. Rovell points out that 50% of all fantasy owners who had Brady last year won their leagues and the money that comes with those fantasy football victories. Now, Rovell points out, that money will shift to other teams.
Meanwhile, another group has already reacted to Brady’s loss. Las Vegas sportsbooks. The Patriots are actually 2 and 1/2 point underdogs this weekend against the Jets. That’s the first time since 2005 that New England hasn’t been favored in a football game.
Also, the Patriots opened the season as 3/2 favorites to win the AFC and 5/2 to win the Super Bowl. Following Brady’s injury, the odds of New England winning the Super Bowl dropped literally overnight to 15/1 at Las Vegas sports books. Offshore books are now offering the Patriots as 20/1 longshots to win Super Bowl XLIII.