Fantasy Sports Market Size Forecasted To Achieve $59.63 Billion By 2029 With Steady Growth

The Fantasy Sports Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Fantasy Sports Market Size During the Forecast Period?
The size of the fantasy sports market has experienced rapid expansion in the past few years. The market value is projected to climb from $30.83 billion in 2024 to $34.23 billion in 2025, with a compound annual growth rate (CAGR) of 11.0%. Factors such as internet and mobile penetration, the rising popularity of major sports leagues, enhanced social connectivity, the development of engaging and interactive platforms, and accessibility across various platforms have contributed to the growth during the historic period.

In the coming years, the fantasy sports market is projected to experience significant expansion, with an expected worth of $59.63 billion by 2029, representing a compound annual growth rate (CAGR) of 14.9%. Factors contributing to this projected growth within the forecast period include the advent of new sports, enhanced user engagement features, elements of gamification, legalization and regulation, as well as social media integration. Other key trends anticipated in this period comprise the inclusion of augmented reality (AR) and virtual reality (VR), the application of blockchain technology, strategic partnerships with sports leagues and teams, AI-informed suggestions, plus features of customization and personalization.

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What Are the High-Growth Segments in the Fantasy Sports Market?
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

Subsegments:
1) By Football: American Football, Association Football (Soccer)
2) By Baseball: Major League Baseball (MLB), Minor League Baseball
3) By Basketball: National Basketball Association (NBA), College Basketball
4) By Hockey: National Hockey League (NHL), International Hockey
5) By Cricket: Twenty20 Leagues, One Day Internationals (ODIs), Test Matches
6) By Other Types: Golf, Tennis, eSports, Auto Racing, Mixed Martial Arts (MMA)

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What Key Drivers Are Expected to Influence Future Fantasy Sports Market Growth?
The rise in the number of young people is fueling the expansion of the fantasy sports market. Today's youth, who are increasingly spending time using smartphones and participating in social media and fantasy sports, get the chance to interact and engage in enjoyable discussions and contests with their cohorts. For example, a United Nations report published in November 2022 stated that 1.2 billion of the global population are youth aged between 15 to 24, making up 16 percent of the total population. Furthermore, this figure is estimated to rise by 7 percent, reaching close to 1.3 billion by 2030. Thus, the growing youth population acts as a catalyst for the upsurge in the fantasy sports market.

Which Companies Hold the Largest Share Across Different Fantasy Sports Market Segments?
Major companies operating in the fantasy sports market include ESPN Inc., FanDuel Group, DraftKings Inc., CBS Sports, Dream Sports, PlayON Fantasy Sports, Mobile Premier League, PlayUp Limited, PrizePicks, RotoWire.com LLC, Bovada, FantasyPros, Fantrax LLC, Sleeper, Boom Sports, MyFantasyLeague.com, 11Wickets, Sofa Superstars, WinView Games, BalleBaazi, NFL Fantasy Football, Yahoo Fantasy Sports, NBC Sports Edge, Fox Sports Fantasy Football, Draft Team Fantasy Sports, Sportito, FSM Fantasy Sports

What Are the Latest Developing Trends in the Fantasy Sports Market?
Leading firms in the fantasy sports market are pioneering new products, including fantasy sports platforms, in a bid to expand their consumer base, boost sales, and raise their revenue. Fantasy sports platforms are web-based applications or sites which allow users to construct and manage virtual sports teams comprised of real-world athletes drawn from professional sports. In September 2023, for example, Mojo, a company from the US which focuses on the creation of hypercasual games, unveiled a fantasy sports game played daily. Known as Mojo Fantasy, the platform stands out in the fantasy sports game sector due to its special features. It provides competitions wherein users can join by selecting combinations of at least four player-based propositions, thereby adding a level of strategy to the game experience. Of particular note is the real-time trading feature which permits users to exchange specific bets as salaries change during the contest. This offers a dynamic and engaging gaming experience. Furthermore, Mojo allows players to develop portfolios that compete directly in live matches, further increasing the competitiveness and engagement of the gaming landscape. The startup sustains its operations through a revenue model that takes between three and five percent of the buy-in for each contest.

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What Are the Emerging Geographies for The Fantasy Sports Market Growth?
North America was the largest region in the fantasy sports market in 2024. 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fantasy Sports Market?
2. What is the CAGR expected in the Fantasy Sports Market?
3. What Are the Key Innovations Transforming the Fantasy Sports Industry?
4. Which Region Is Leading the Fantasy Sports Market?

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