Robust Demand in North America Propels Fantasy Sports Market, the Global Market is Anticipated to Double the Market Size by 2028 - Arizton

The global fantasy sports market will be worth USD 12.87 billion by 2028, growing at A CAGR of 12.19% from 2022-2028.

The global fantasy sports market size, share, and growth forecast by sport (fantasy football, fantasy soccer, fantasy basketball, fantasy baseball, fantasy hockey, fantasy golf, fantasy cricket, and other fantasy sports), gender (male and female), platform (application and website) and geography (North America, Europe, APAC, Latin America, and Middle East & Africa) Industry Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share, & Forecast 2023-2028

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The fantasy sports market has witnessed a remarkable surge in its user base in recent years, bolstered by the immense attraction towards many sporting events. The evolving formats of sporting competitions, frequent tournaments, and the burgeoning popularity of sports players have emerged as key drivers propelling the market's expansion.

Once predominantly focused on season-long games, the fantasy sports industry has undergone a transformative shift towards becoming a daily service provider. This transition has empowered users, offering them an avenue to harness their skill sets while potentially reaping monetary rewards.

The fantasy sports market currently boasts an extensive array of sports categories catering to diverse interests. Football, Baseball, Basketball, Hockey, Golf, Cricket, Soccer, and Nascar, among others, feature prominently in the portfolio of offerings. However, it is noteworthy that the availability of specific sports categories may vary across regions and countries, adapting to the unique preferences of each market.

The significant growth trajectory witnessed in the fantasy sports market reflects its adaptability to evolving consumer demands and its ability to capitalize on the burgeoning enthusiasm surrounding sports events.

As the market evolves, industry stakeholders anticipate further innovations, collaborations, and expansions, driven by the unwavering passion for sports and the ever-growing global community of fantasy sports enthusiasts.

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The Evolution of American Football: Shaping the Fantasy Sports Market

American football, which originated from the European rugby game in 1879, has emerged as one of the most beloved sports in North America. Its immense popularity within the largest fantasy sports market globally has attracted a substantial audience of enthusiasts seeking to engage with the sport on a competitive level.

1920 the American Professional Football Association was established, and it was later rebranded as the National Football League (NFL) in 1922. The primary objective of forming this association was establishing regulations for player transfers, ensuring fair play within the sport. The NFL swiftly rose to prominence, dominating the market and capturing the hearts of football fans nationwide.

The landscape of American football underwent a significant shift in 1960 with the inception of the American Football League (AFL), serving as a rival league to the NFL. The emergence of the AFL introduced healthy competition, challenging the dominance of the NFL and sparking a new era for the sport.

Recognizing the potential for collaboration, the NFL and AFL merged in 1966, heralding a groundbreaking development in American football. This union paved the way for an annual showdown between the champions of both leagues, originally known as the AFL-NFL Championship. This momentous event later evolved into the iconic Super Bowl, captivating millions of viewers and becoming a cultural phenomenon.

The impact of American football on the fantasy sports market has been profound. The sport's widespread popularity, rich history, and passionate fan base have fostered an environment ripe for fantasy football engagement. The allure of drafting and managing fantasy football teams, based on real-life NFL players' performances has captivated sports enthusiasts and bolstered the growth of the fantasy sports industry.

As American football continues to thrive, its influence on the fantasy sports market remains a driving force behind the engagement, excitement, and community that permeates the realm of fantasy football.

The US Poised for Dominance in Fantasy Sports Market, Bolstered by Major Vendors and Surging Enthusiasm

In fantasy sports, the United States stands as the leading market, pioneering in shaping the industry's overall business model. The presence of prominent vendors like FanDuel, DraftKings, ESPN, Yahoo, and CBS, among others, significantly contributes to the flourishing fantasy sports market in the country. With the US playing a pivotal role, the growth of the fantasy sports business in the North American region relies heavily on its success. To safeguard the interests of fantasy sports vendors catering to this region, the Fantasy Sports & Gaming Association (FSTA) serves as the sole governing association.

Within the United States, individual states showcase their preferences for specific fantasy sports platforms, further diversifying the market. Over the years, numerous vendors have entered the US market, introducing innovative features and products. Introducing the Daily Fantasy Sports (DFS) model has propelled the impressive expansion of fantasy sports among users.

With American fans collectively spending billions on fantasy sports across various categories, vendors can confidently approach one of the largest and most lucrative markets for fantasy sports worldwide.

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Key Company Profiles

CBS Corporation

DraftKings

FanDuel

Yahoo

ESPN

Ballr

BalleBaazi

Boom Fantasy

Binoba11

Daily Fantasy Cricket

DraftStars

DraftTeam Fantasy Sports

Dream11

Eksab

FanFight

FanMojo

FantasyDraft

Fantrax

HalaPlay

My11Circle

MoneyBall

MyTeam11

PlayON

Sportito

11Wickets

NFL (National Football League)

Gameskraft

PlayerzPot

RotoBash

About the Report

"Glance through the global fantasy sports market report of more than 259 pages comprising 95 tables and 93 exhibits to develop a deep understanding of the market."

The fantasy sports market is provided for the forecast years 2023 to 2028 and a base year of 2022. The market is segmented by sport, gender, platform, and geography for the years considered. The report provides a holistic approach to the global fantasy sports market to enable customers to analyze the industry thoroughly.

"For further information and clarifications on the industry, analyst discussion can also be arranged at the feasibility of the client."

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This release was published on openPR.