Fantasy Sports Market Report 2024-2033 | Size, Share, Trends, Growth Demand, Overview

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Fantasy Sports Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth 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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Market Segmentation:
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

Major Driver - Driving Growth In The Fantasy Sports Market Through Increased Demographic Participation
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.

Competitive Landscape:
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

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Top Trend - Strategic Partnership For Next-Gen Fantasy Sports Gaming Infrastructure

Major companies operating in the fantasy sports market are adopting a strategic partnership approach to build the infrastructure for the next generation of fantasy sports gaming. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in November 2023, GameOn, a US-based gaming company, partnered with Sportsology, a US-based sports advisory firm. The partnership is set to inject $2.3 million in development fees into Q4, along with an annual recurring revenue of $1.4 million starting in 2024. The comprehensive deal holds a total projected value of $9.3 million over a five-year period, indicating prospects for growth and additional opportunities within the partnership. Under this agreement, GameOn is actively engaged in the creation of a fantasy sports infrastructure known as $GAME. This platform is strategically crafted to boost fan engagement and drive revenue growth for game developers and sports leagues on a global scale. $GAME is poised to elevate the player experience in sports-centric games such as fantasy, predictor, card battle, and sports betting games, among others relevant to the evolving ecosystem. Developers will leverage $GAME to offer features such as interoperability between games, distributed rewards, true asset ownership, and other advantages tailored for sports fans and gamers.

The Table Of Content For The Market Report Include:

1. Executive Summary
2. Fantasy Sports Market Characteristics
3. Fantasy Sports Market Trends And Strategies
4. Fantasy Sports Market - Macro Economic Scenario
5. Fantasy Sports Market Size And Growth
…..
27. Fantasy Sports Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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