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At a CAGR of 14.2% between 2022 and 2030, the value of the global fantasy sports market is projected to reach $89 billion. Growth in the industry is being fueled by the spreading use of smartphones and the decreasing cost of high-speed internet services. Sports like cricket, football, and others are becoming increasingly popular among spectators, and the fantasy sports platform is helping to expose these events to a wider audience. Users are more likely to interact with betting and rotisserie platforms when more games can be streamed live and when more sports are made available on both legacy and cutting-edge interfaces.
Players of fantasy sports use virtual teams comprised of actual athletes to compete in online competitions. Users compete against one another throughout a sports league or season with their fantasy teams. The highest-scoring users receive payouts depending on the actual performances of professional athletes. The online gaming market is changing at a breakneck pace, making it more important than ever to adopt new technology for improved performance. Increases in revenue generation, customer satisfaction, and operational efficiency have occurred from the introduction of secure payment methods, a user-friendly interface, blockchain-based apps, and fantasy chatbots in the fantasy sports industry. The incorporation of such technologies is forecasted to continue offering alluring possibilities for market participants to better manage users and core operations. Expert software developers, data scientists, and cybersecurity experts should find work in the sports IT industry. More people watching, sponsoring, and participating in sports is a surefire way to help the industry grow. As a result, Fantasy Sports and other fan engagement platforms in the sports industry are influencing the way spectators experience games in person.
The global fantasy sports market is broken down in this study into its component parts and regional markets, with revenue growth projections and analyses of market trends provided for each. The paper examines the major prospects, threats, and development drivers in the fantasy sports industry. Recent market changes and competitive strategies have been incorporated into the illustration of the competitive landscape in the market, including growth, product launch and development, collaboration, merger, and acquisition. The research systematically identifies the major market participants, profiles them, and then examines their core capabilities in each fantasy sports market area.
Reasons Why
The rise of the fantasy sports industry is aided by the rising number of young people. Today's youth are more connected to their peers than ever before thanks to the proliferation of cellphones and, by extension, social media and fantasy sports. The World Youth Report (2020) estimates that there are 1.2 billion young people (aged 15-24) in the world. This represents 16% of the total population. By the year 2030, the world's under-35 population is projected to increase by 7%, reaching 1.3 billion. Therefore, the increasing number of young people is a key factor in the development of the fantasy sports industry.
Major fantasy leagues like the Fantasy Premier League for football use new technologies like artificial intelligence and machine learning to help users evaluate and generate point predictions for their teams and individual players. Users assemble their digital squads to reflect their actual game performance. These systems use artificial intelligence and machine learning with mixed-integer programming to maximise the efficiency of player trades over extended periods of time. Sports betting is becoming increasingly popular as a result of its increasing acceptance and legalisation in many countries. The platform operator participates in a wide range of advertising and marketing initiatives as a sponsor of national and regional teams. DraftKings is an official NASCAR fantasy partner and a sports betting provider for the NFL, NBA, MLB, NHL, PGA Tour, and Ultimate Fighting Championship.
Factors That Hold It Back
Despite the fact that fantasy sports are mostly based on talent, they are often misunderstood and associated with illegal sports betting. However, as a form of gambling, fantasy sports are always under review by authorities around the world. Existing gaming and skill game legislation sometimes include fantasy sports. Although fantasy sports are legal throughout the United States, certain states have outright banned websites like DraftKings, FanDuel, Yahoo!, Fantasy Draught, and others. These include Hawaii, Arizona, Alabama, Idaho, Iowa, Montana, Louisiana, Nevada, and Washington.
Football, baseball, and other sports make up subsets of the worldwide fantasy sports industry. In 2022, football-related fantasy sports competitions generated the most revenue worldwide. The standard fantasy football scoring system is an established benchmark for matching statistics with point values in a way that promotes parity among fantasy positions. Because of the accessibility of information and the addictive nature of fantasy football platforms, the sport has grown in popularity. Thus, football fantasy games account for the vast majority of the whole fantasy sports industry. The worldwide market for fantasy sports can be broken down into two distinct segments—websites and mobile apps—based on the platform used. The market for fantasy sports is predicted to grow at a double-digit rate over the next few years, with the largest share going to mobile applications. The average speed at which an app completes an action is about 1.5 times that of a mobile website. In addition, gestures like dragging, pinching, holding, tapping, and double-tapping all have distinct functions that enhance the user experience. In addition, the increasing popularity of smartphones and the speed with which the market is developing have led to the launch of a plethora of mobile applications for both Android and iOS. Those who want to keep their customers engaged utilise apps to streamline their operations and make their products more accessible. The global fantasy sports market is segmented into two age groups, those between the ages of 25 and 40 and those younger than 25. By far the largest share of the worldwide fantasy sports market will be held by those between the ages of 25 and 40. This age group is willing to participate in pay-to-participate contests because to the low entry costs and increased discretionary income available for amusement. More than half of all fantasy game players are employed full-time, and the average age of a fantasy league participant is 34 years old. Fantasy sports' meteoric rise in popularity among millennials can be attributed in large part to the proliferation of smartphones and the gradual blurring of the borders between gambling and gaming. In addition, this generation has high expectations for the ease, responsiveness, and low friction of the interfaces they use. They also prefer nontraditional methods of payment, such as digital wallets and cryptocurrencies. Industry players are therefore teaming up with digital wallet service providers to enhance the customer experience and furnish the players with streamlined transaction infrastructure.
Report Coverage
Global Fantasy Sports research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fantasy Sports report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fantasy Sports competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fantasy Sports market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fantasy Sports market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fantasy Sports market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Dream Sports Group, CBS Sports Digital, Realtime Fantasy Sports Inc., Flutter Entertainment plc, Vauntek Inc. (Fantrax), DraftKings, Pure Win (Sweetspot N.V.), FanDuel, FantasyPros.com, MY11Circle, FANTACALCIO (Quandronica Srl), RotoWire (GDC Media Limited), NBC Sports Edge (NBC Sports Group), MyFantasyLeague (Sideline Software Inc.), Office Football Pool (OFP Hosting Inc.), Others
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Fantasy Sports market based on the below-mentioned segments:
Global Fantasy Sports Market, By Sports Type
Football
Baseball
Others
Global Fantasy Sports market, By Platform
Website
Mobile Application
Global Fantasy Sports Market, By Demographics
25 To 40 Years
Under 25 Years
Global Fantasy Sports market, Regional Analysis
Players of fantasy sports use virtual teams comprised of actual athletes to compete in online competitions. Users compete against one another throughout a sports league or season with their fantasy teams. The highest-scoring users receive payouts depending on the actual performances of professional athletes. The online gaming market is changing at a breakneck pace, making it more important than ever to adopt new technology for improved performance. Increases in revenue generation, customer satisfaction, and operational efficiency have occurred from the introduction of secure payment methods, a user-friendly interface, blockchain-based apps, and fantasy chatbots in the fantasy sports industry. The incorporation of such technologies is forecasted to continue offering alluring possibilities for market participants to better manage users and core operations. Expert software developers, data scientists, and cybersecurity experts should find work in the sports IT industry. More people watching, sponsoring, and participating in sports is a surefire way to help the industry grow. As a result, Fantasy Sports and other fan engagement platforms in the sports industry are influencing the way spectators experience games in person.
The global fantasy sports market is broken down in this study into its component parts and regional markets, with revenue growth projections and analyses of market trends provided for each. The paper examines the major prospects, threats, and development drivers in the fantasy sports industry. Recent market changes and competitive strategies have been incorporated into the illustration of the competitive landscape in the market, including growth, product launch and development, collaboration, merger, and acquisition. The research systematically identifies the major market participants, profiles them, and then examines their core capabilities in each fantasy sports market area.
Reasons Why
The rise of the fantasy sports industry is aided by the rising number of young people. Today's youth are more connected to their peers than ever before thanks to the proliferation of cellphones and, by extension, social media and fantasy sports. The World Youth Report (2020) estimates that there are 1.2 billion young people (aged 15-24) in the world. This represents 16% of the total population. By the year 2030, the world's under-35 population is projected to increase by 7%, reaching 1.3 billion. Therefore, the increasing number of young people is a key factor in the development of the fantasy sports industry.
Major fantasy leagues like the Fantasy Premier League for football use new technologies like artificial intelligence and machine learning to help users evaluate and generate point predictions for their teams and individual players. Users assemble their digital squads to reflect their actual game performance. These systems use artificial intelligence and machine learning with mixed-integer programming to maximise the efficiency of player trades over extended periods of time. Sports betting is becoming increasingly popular as a result of its increasing acceptance and legalisation in many countries. The platform operator participates in a wide range of advertising and marketing initiatives as a sponsor of national and regional teams. DraftKings is an official NASCAR fantasy partner and a sports betting provider for the NFL, NBA, MLB, NHL, PGA Tour, and Ultimate Fighting Championship.
Factors That Hold It Back
Despite the fact that fantasy sports are mostly based on talent, they are often misunderstood and associated with illegal sports betting. However, as a form of gambling, fantasy sports are always under review by authorities around the world. Existing gaming and skill game legislation sometimes include fantasy sports. Although fantasy sports are legal throughout the United States, certain states have outright banned websites like DraftKings, FanDuel, Yahoo!, Fantasy Draught, and others. These include Hawaii, Arizona, Alabama, Idaho, Iowa, Montana, Louisiana, Nevada, and Washington.
Football, baseball, and other sports make up subsets of the worldwide fantasy sports industry. In 2022, football-related fantasy sports competitions generated the most revenue worldwide. The standard fantasy football scoring system is an established benchmark for matching statistics with point values in a way that promotes parity among fantasy positions. Because of the accessibility of information and the addictive nature of fantasy football platforms, the sport has grown in popularity. Thus, football fantasy games account for the vast majority of the whole fantasy sports industry. The worldwide market for fantasy sports can be broken down into two distinct segments—websites and mobile apps—based on the platform used. The market for fantasy sports is predicted to grow at a double-digit rate over the next few years, with the largest share going to mobile applications. The average speed at which an app completes an action is about 1.5 times that of a mobile website. In addition, gestures like dragging, pinching, holding, tapping, and double-tapping all have distinct functions that enhance the user experience. In addition, the increasing popularity of smartphones and the speed with which the market is developing have led to the launch of a plethora of mobile applications for both Android and iOS. Those who want to keep their customers engaged utilise apps to streamline their operations and make their products more accessible. The global fantasy sports market is segmented into two age groups, those between the ages of 25 and 40 and those younger than 25. By far the largest share of the worldwide fantasy sports market will be held by those between the ages of 25 and 40. This age group is willing to participate in pay-to-participate contests because to the low entry costs and increased discretionary income available for amusement. More than half of all fantasy game players are employed full-time, and the average age of a fantasy league participant is 34 years old. Fantasy sports' meteoric rise in popularity among millennials can be attributed in large part to the proliferation of smartphones and the gradual blurring of the borders between gambling and gaming. In addition, this generation has high expectations for the ease, responsiveness, and low friction of the interfaces they use. They also prefer nontraditional methods of payment, such as digital wallets and cryptocurrencies. Industry players are therefore teaming up with digital wallet service providers to enhance the customer experience and furnish the players with streamlined transaction infrastructure.
Report Coverage
Global Fantasy Sports research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fantasy Sports report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fantasy Sports competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fantasy Sports market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Dream Sports Group, CBS Sports Digital, Realtime Fantasy Sports Inc., Flutter Entertainment plc, Vauntek Inc. (Fantrax), DraftKings, Pure Win (Sweetspot N.V.), FanDuel, FantasyPros.com, MY11Circle, FANTACALCIO (Quandronica Srl), RotoWire (GDC Media Limited), NBC Sports Edge (NBC Sports Group), MyFantasyLeague (Sideline Software Inc.), Office Football Pool (OFP Hosting Inc.), Others |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Fantasy Sports Market from 2021 to 2030.
- Market Forecast for Fantasy Sports Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Fantasy Sports competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Fantasy Sports
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fantasy Sports market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fantasy Sports market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Dream Sports Group, CBS Sports Digital, Realtime Fantasy Sports Inc., Flutter Entertainment plc, Vauntek Inc. (Fantrax), DraftKings, Pure Win (Sweetspot N.V.), FanDuel, FantasyPros.com, MY11Circle, FANTACALCIO (Quandronica Srl), RotoWire (GDC Media Limited), NBC Sports Edge (NBC Sports Group), MyFantasyLeague (Sideline Software Inc.), Office Football Pool (OFP Hosting Inc.), Others
Primary Target Market
- Market Players of Fantasy Sports
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Fantasy Sports market based on the below-mentioned segments:
Global Fantasy Sports Market, By Sports Type
Football
Baseball
Others
Global Fantasy Sports market, By Platform
Website
Mobile Application
Global Fantasy Sports Market, By Demographics
25 To 40 Years
Under 25 Years
Global Fantasy Sports market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the fantasy sports market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.