Overview and Scope
Fantasy sports, often known as rotisserie sports or roto, are any of a variety of games that allow a player to play a virtual game or a virtual season of a league. These teams compete based on the statistical performance of those players in actual games. In fantasy sports, a player earns points based on real-life statistics that are converted into fantasy points. The fans take on the roles of both general manager and field manager for their team, assembling a squad through a draft and deals and putting together lineups in desire of the highest statistical output.
Sizing and Forecast
The fantasy sports market size has grown rapidly in recent years. It will grow from $25.43 billion in 2023 to $28.41 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to internet and mobile penetration, increased popularity of major sports leagues, social connectivity, growth of interactive and engaging platforms, cross-platform accessibility.
The fantasy sports market size is expected to see rapid growth in the next few years. It will grow to $47.02 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to emergence of new sports, enhanced user engagement features, gamification elements, legalization and regulation, integration with social media. Major trends in the forecast period include integration of augmented reality (AR) and virtual reality (VR), incorporation of blockchain technology, collaborations with sports leagues and teams, AI-driven recommendations, customization and personalization.
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Segmentation & Regional Insights
The fantasy sports market covered in this report is segmented –
1) By Sports Type: Football, Baseball, Basket Ball, Hockey, Cricket, Other Types
2) By Platform: Website, Mobile Application
3) By Usage Type: Free, Paid, Hybrid
4) By Application: Individual Competition, Team Competition
North America was the largest region in the fantasy sports market in 2023. Asia-Pacific is expected to be the fastest region in the forecast period. The regions covered in the fantasy sports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing youth population is contributing to the growth of the fantasy sports market. The present youth spending more and more time on smartphones and, by extension, social media, and fantasy sports has provided them with the possibility to connect and have more enjoyable conversations and competitions with their peers. For instance, in November 2022, according to a report published by the European Commission, a Belgium-based commission that oversees and implements EU policies, as of January 1, 2021, the youth demographic, defined as individuals aged 15 to 29 years, constituted approximately 16.3% of the European Union’s total population. Notably, certain NUTS level 3 regions stood out, with youth accounting for over a quarter of the total population. Specifically, the Danish capital region of Byen København led with 26.7%, followed by the student cities of Overig Groningen in the Netherlands at 25.4%, and Heidelberg, Stadtkreis in Germany at 25.1%. These regions showcased a significant concentration of young people within their populations. Thus, the increasing youth population propels the growth of the fantasy sports market.
Key Industry Players
Major companies operating in the fantasy sports market report are ESPN Inc., FanDuel Group, DraftKings Inc., CBS Sports, Dream Sports, PlayON Fantasy Sports, Mobile Premier League, PlayUp Limited, PrizePicks, RotoWire.com LLC, Bovada, FantasyPros, Good Gamer Corporation, Fantrax LLC, Sleeper, Boom Sports, Battlefy Inc., MyFantasyLeague.com, 11Wickets, Sofa Superstars, WinView Games, SportTechie, BalleBaazi, NFL Fantasy Football, Yahoo Fantasy Sports, NBC Sports Edge, Fox Sports Fantasy Football, Victiv, Draft Team Fantasy Sports, Sportito, Own The Play, FSM Fantasy Sports
The fantasy sports market report table of contents includes:
1. Executive Summary
2. Fantasy Sports Market Characteristics
3. Fantasy Sports Market Trends And Strategies
4. Fantasy Sports Market – Macro Economic Scenario
5. Global Fantasy Sports Market Size and Growth
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32. Global Fantasy Sports Market Competitive Benchmarking
33. Global Fantasy Sports Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Fantasy Sports Market
35. Fantasy Sports Market Future Outlook and Potential Analysis
36. Appendix
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