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Television coverage's impact on college football attendance is a topic of debate. Between 2005 and 2019, annual growth in athletic department revenues for Football Bowl Subdivision (FBS) schools from media rights, postseason football, and National Collegiate Athletic Association (NCAA) conference distributions far exceeded revenue growth in ticket sales revenue. This study re-evaluates the substitution or complementarity of television coverage and stadium attendance in college football with updated data while controlling for selection bias through endogenous treatment regression. Although initial results reveal a positive correlation between television coverage and attendance, national coverage and attendance appear to be substitutes after controlling for selection bias. That said, from an attendance maximizing perspective, national coverage is preferable to lower-tiered coverage if a game is to be televised. [ABSTRACT FROM AUTHOR]

Despite mixed evidence, sport participants and fans heavily believe in the existence of the hot hand. Prior literature examining NBA and NFL betting markets found betters were biased towards hot teams. Using a unique market and data set, this study identifies if the hot hand is prevalent in daily fantasy baseball contests, if there is a profitable hot hand selection strategy, and if consumers believe in its existence. Results show that while there is no evidence of a hot hand effect, and no evidence of a profitable hot hand strategy, consumers believe in and incorporate it in their lineup decisions. [ABSTRACT FROM AUTHOR]

Differentiating and defining games of skill versus chance have major legal implications when classifying gambling, especially in relation to daily fantasy sports in the United States. This paper provides a theoretical discussion and introduces an empirical approach to analyzing game player pricing mechanisms. If game pricing mechanisms are fully efficient--player prices fully reflect the expected contributions from players--then that game is one of chance since there is no opportunity for skill to play a role in outcomes. This paper examines player prices from DraftKings' daily fantasy football product. Empirical results show that there are strategies deriving from the pricing mechanism that can be incorporated by skilled participants to increase their expected performance and improve their chances of winning. This provides evidence that daily fantasy sports are skill-based--a necessary condition for skill to be a predominant factor in game outcomes as part of the legal debate. [ABSTRACT FROM AUTHOR]

Home field advantage is universally accepted across most major sports and levels of competition. However, exact causes of home field advantage have been difficult to disentangle. The COVID-19 pandemic offers a unique, natural experiment to isolate elements related to home field advantage since all 2020 regular season Major League Baseball games were played without fans. Results provide no statistically significant evidence of a difference in home field advantage between the 2019 and 2020 seasons, evidence that home crowd support is not a driver of home field advantage. There does appear to be a statistical advantage by the home team batting second in the inning. Travel fatigue seems to have no impact on home field advantage, and while home field advantage seems to increase throughout the 2020 season, we chalk that up to small sample noise. Despite lacking historical precedence, betting markets seemingly respond efficiently to the new home conditions. [ABSTRACT FROM AUTHOR]