Steady Expansion Forecast for Fantasy Sports Market, Projected to Reach $58.5 Billion by 2029

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Fantasy Sports Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been a swift expansion in the size of the fantasy sports market. The market is projected to enlarge from $30.83 billion in 2024 to $34.08 billion in the subsequent year, 2025, with a Compound Annual Growth Rate (CAGR) of 10.5%. Factors such as an increase in internet and mobile penetration, popularity of major sports leagues, improved social connectivity, the emergence of engaging and interactive platforms, and cross-platform accessibility have significantly contributed to the growth observed in the historic period.

Fantasy Sports Market Size Forecast: What's the Projected Valuation by 2029?
Anticipations for the fantasy sports market size depict a prompt escalation in the coming years. By 2029, it is projected to flourish up to $58.5 billion with a compound annual growth rate (CAGR) of 14.5%. The surge during the forecast period is credited to the advent of new sports, enhanced engagement features for users, elements of gamification, laws and regulations, and social media integration. Dominant trends for the anticipated period encompass incorporation of augmented reality (AR) and virtual reality (VR), assimilation of blockchain technology, collaborations with sports leagues and teams, AI-assisted recommendations, along with customization and personalization.

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What Are the Drivers Transforming the Fantasy Sports Market?
The fantasy sports market is expanding due to the growing youth population. Today's young people are increasingly using smartphones, social media, and fantasy sports to interact and engage in more enjoyable discussions and contests with their counterparts. For example, a United Nations report in November 2022 indicated that there are 1.2 billion individuals aged 15 to 24 worldwide, accounting for 16 percent of the total population, and this figure is predicted to increase by 7 percent to roughly 1.3 billion by 2030. Consequently, the increasing number of young people drives the enhancement of the fantasy sports market.

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What Long-Term Trends Will Define the Future of the Fantasy Sports Market?
Leading corporations involved in the fantasy sports market are introducing novel items like fantasy sports platforms in order to broaden their customer reach, amplify sales, and enhance their revenue. A fantasy sports platform is a digital tool, which can be a website or an application, that allows individuals to formulate and supervise virtual sports teams made up of real-life athletes from professional sports leagues. For example, in September 2023, Mojo, an American company skilled in creating hypercasual games, unveiled a daily fantasy sports game known as Mojo Fantasy. This platform sets itself apart with it's unique features in the fantasy sports gaming field. The platform offers contests where players can join by picking a combination of at least four player-based props, introducing a strategic component to the game. A standout feature is the real-time trading option, where players can trade specific bets while salaries keep changing during the contest, resulting in a dynamic and interactive gaming experience. Additionally, Mojo allows contestants to construct portfolios that compete directly during live games, which increases the intensity and engagement of the gaming scene. Significantly, the startup uses a revenue model where they take three to five percent of the buy-in for each contest, creating a consistent structure for its operations.

Which Segments in the Fantasy Sports Market Offer the Most Profit Potential?
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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Which Firms Dominate the Fantasy Sports Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the Fantasy Sports Market?
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.

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