Daily Fantasy Sports Market is expected to reach USD 14,875.92 Million by 2029 : Cognitive Market Research
Daily Fantasy Sports Market is expected to reach USD 14,875.92 Million by 2029 : Cognitive Market Research
- Daily fantasy sports are a subset of fantasy sports betting in which teams are selected, bet on, and awards are awarded on a much shorter time scale. Participants compete in tournaments through online platforms, where they can assemble a team of athletes for a certain league and receive prize money depending on the athletes' real-world performance. Daily fantasy sports are centered on significantly shorter periods, such as a single day or athletic event. It is often played online against a random pool of rivals. There's also the matter of money, since these sites and apps may attract hundreds of thousands of competitors, each of whom pays a few dollars to compete, with the winner potentially collecting millions of dollars in awards. These daily fantasy sports provide a variety of activities for both men and women, including football, soccer, basketball, baseball, hockey, golf, cricket, and many others. Several game creators categorize their target players by age, such as under 25 years, 25 - 40 years, and above 40 years, by creating either websites or mobile applications.
• The Global Daily Fantasy Sports Market is expected to reach USD 14,875.92 Million by the end of 2029, growing at a CAGR of 8.95% between 2022 and 2029.
• The North America Daily Fantasy Sports market size is projected to reach USD 5,022.11 Million in 2029.
"To know more The Daily Fantasy Sports Market Insights click here: https://www.cognitivemarketresearch.com/daily-fantasy-sports-market-report
• Growing adoption of smartphones coupled with rising internet connectivity
Over the last few years, there is a rapid increase in smart device adoption and internet penetration. Smart devices offer flexibility to customers on a smartphone, laptop, desktop, or tablet. With these devices, users are simply able to access several daily fantasy sports apps and websites. According to a study, the number of unique mobile internet users in 2020 was 4.28 billion, and more than 90% of the worldwide internet population has access to the internet through a mobile device. Until March 2021, the internet penetration rate in Asia was at 62%, 88% in Europe, and 90% in North America.
• Rising number of daily fantasy sports players
- As online gaming and associated activities gain traction, the online fantasy sports market is expected to see a considerable increase in income. The popularity of fantasy games has surged with the introduction of various applications and websites. Daily fantasy games, in particular, are gaining popularity, and many individuals are drawn to them. This increases the popularity of daily fantasy sports.
Daily fantasy games are a popular type of online fantasy gaming in which users pay an entrance fee to compete for cash rewards based on the performance of professional athletes whom users choose and then track in their respective professional sports events. People are drawn to daily fantasy games for a variety of reasons. The primary reason for this is that players can win real money. According to data, one-third (34%) of urban Indians have played online fantasy sports for money in June 2021. There is real money on the line, and anybody has a chance to win. Some players even make a full-time career by joining competitions. It's difficult to say how much profit the top fantasy sports players make, but there's evidence that they might be earning at least $10,000 every week.
• Restraints for Daily Fantasy Sports Market
- Cybersecurity threats
• Opportunities for Daily Fantasy Sports Market
- Integration of the latest technologies
- Fantasy football is a game in which players create an imagined squad of real-life football players and score points based on their statistical performance or perceived influence on the field of play. Fantasy football games are typically centered on a single division in a certain country, however, there are exceptions.
- Soccer has been and will continue to be the world's most popular sport, and it was only a matter of time until daily fantasy sports services incorporated SOCCER as part of their offering. Its popularity is growing as a result of the introduction of fantasy soccer.
• Under 25 Years
- Under 25-year-olds are frequently students with plenty of time on their hands regardless of study time. As a result, these children are involved in fantasy sports. Similarly, these individuals are more likely to use smart gadgets.
• 25 - 40 Years
- People aged 25 to 40 make up the majority of daily fantasy sports clients. The average age of a Fantasy Sports user is considered to be approximately 37 years.
• Above 40 Years
• Mobile Application
Get free sample pages of latest published Daily Fantasy Sports Report:
Competitive Analysis for Daily Fantasy Sports Market:
DraftKings, CBS Corporation, FanDuel, PlayUp Limited, Yahoo Sports, ESPN, Rotoworld, Boom Sports, DraftStars, Others
PlayUp Limited is a Australia based entertainment and technology group. It holds online betting licenses in multiple jurisdictions and currently operate in Australia, New Zealand, India and have recently launched in the USA.
• May 2022
- Draftstars announced Australia's largest daily fantasy sports prize pool of $500K
Draftstars, Australia's Daily Fantasy Sports platform owned by next-generation and entertainment group PlayUp, is once again celebrating the highly anticipated 2022 AFL Daily Fantasy Live Final competition, with a massive $500,000 prize pool.
• April 2022
- PlayUp expanded its U.S. landscape with the addition of Indiana iGaming market access
Reaffirming its bullish view on the U.S. iGaming sector, PlayUp announced an expansion to its market access footprint in Indiana that will allow the operator to offer a suite of iGaming products in the state subject to regulatory approvals.
• Sports Betting Software Market - https://www.cognitivemarketresearch.com/sports-betting-software-market-report
• Fantasy Sports Betting Market - https://www.cognitivemarketresearch.com/fantasy-sports-betting-market-report
• Sports Betting Kiosk Market - https://www.cognitivemarketresearch.com/sports-betting-kiosk-market-report
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