Global Fantasy Sports Market Share Is Expected To Grow At A CAGR Of 14.84% By 2030

12-May-2023 | Facts and Factors

According to the Facts & Factors report, the global fantasy sports market size was valued at 24.39 billion in 2022 and is expected to reach USD 44.87 billion during the forecast period. The market is anticipated to grow with a healthy CAGR of 14.84% between 2023-2030. The global fantasy sports market report is an in-depth study of growth factors, opportunities, challenges, and restraints in the market. It offers both quantitative and qualitative insights into market dynamics.

Fantasy sports are online games that let users make-believe teams virtually with genuine players in a particular sport. The players can choose and make teams based on real-life professionals. Later players compete in fantasy sports to win the prize money. Often, it is referred to as rotisserie sports or roto.

Browse the full “Fantasy Sports Market Size, Share, Growth Analysis Report By Sports Type (Football, Cricket, Basketball, Baseball, Hockey, And Others), By Platforms (Mobile Application And Website), By Demographics (Above 40 Years, 25 to 40 Years, And Under 25 Years), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030” report at https://www.fnfresearch.com/fantasy-sports-market

The growing interest of people in sports, along with the increasing popularity of sports leagues, is a major driving force in the global fantasy sports marketplace. As a result, many software and platforms have emerged to serve the needs of growing audiences.

The technological advancements and growth of digital infrastructure are supporting the positive growth trajectory of the global fantasy sports market. Also, global investors have successfully extended their support to the sport fantasy businesses owing to the high ROI from these platforms.

For instance, DraftKings Inc. was launched in 2012, and it is now valued at USD 2 billion. It has successfully raised around 900 million dollars till now. However, the absence of regulatory bodies is creating a huge challenge in the fantasy sports industry.

As a result, it has supported the negative opinions of people regarding fantasy sports. People often confuse fantasy spots with illegal sports betting. Also, a lot of countries have banned several fantasy sports platforms, which further is likely to hinder the growth of the global market.

Segmental Overview:

The global fantasy sports market can be segmented into various categories, namely, sport type, demographics, platform, and region.

Based on sport type, the market can be segmented into basketball, football, baseball, hockey, cricket, and others. The football segment dominates the global marketplace. It is expected to grow with a CAGR of 14.6% during the forecast period.

However, cricket is also expected to see huge growth in the global market due to its growing strong fan base across the world.

Based on the platform, the fantasy sports industry can be segmented into websites and mobile applications. The mobile application segment is the fastest-growing category in the global market.

The increased penetration rates of smartphones in both rural and urban areas in developing and underdeveloped countries is the major reason for the growth of the segment. Also, the convenience offered by smartphones further encourages users to play with mobile apps instead of websites.

Based on demographics, the market can be segmented into above 40 years, 25 to 40 years, and under 40 years categories. The 25 to 40 years segment holds the largest share of the global market.

Regional Overview:

North America dominates the global fantasy sports market with a growing CAGR of 10.4%. The growing demand for the football sports league in the region is the major reason behind the growth of the market.

Additionally, the growing number of online software and platforms with subscription-based models to offer more immersive experiences is further strengthening the growth of the regional market.

Europe is expected to see significant growth in the coming years due to the high penetration of smartphones and other electronic devices in the region, along with falling prices of high-speed data.

Asia Pacific is also likely to witness a significant growth rate in the global fantasy sports market due to the growing advancements in technology, increased foreign direct investments, and availability of smartphones at low rates along with high-speed data.

Report Scope

Competitive Landscape:

Some of the significant players in the global fantasy sports market include NFL Fantasy, Sportech Inc., Fantrax, FantasyPros, Rotoworld, Fanduel, fantacalcio, DraftKings Inc., Dream Sports, Fox Corp., ViacomCBS Inc., Techistic Online Platform Pvt. Ltd., Sachar Gaming Pvt. Ltd., Playerzpot Media Pvt Ltd, Head Digital Works Pvt. Ltd. among others.

Recent Developments:

• MLS, in March 2022, revealed a multi-year partnership with Sorareto. They partnered to bring out the non-fungible tokens (NFTs) for all MLS players and clubs. These tokens can be utilized by the 1.5 million users on the platform across 184 countries in its blockchain-based fantasy game.
• Mashantucket Pequot Tribal Nation and DraftKings, in April 2022, agreed to a deal to expand their relationship by offering the DraftKings online and retail sports (subject to applicable licenses and regulatory approvals) betting experience in Puerto Rico.
• DraftKings Inc., in May 2022, revealed the launch of its online casino products and sportsbooks in Ontario, Canada. It will serve the users in the region with an immersive sports betting experience through more than 130 online DraftKings Casino game variations such as roulette, blackjack, and slots.

The global fantasy sports market is segmented as follows:

By Sports Type

• Football
• Cricket
• Basketball
• Baseball
• Hockey

By Platforms

• Mobile Application
• Website

By Demographics

• Above 40 Years
• 25 to 40 Years
• Under 25 Years

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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