Fantasy Sports Market Size, Statistics, Growth Trend Analysis, and Forecast Report 2022-2032

Fantasy Sport Market is segmented by Sports Type (Football, Baseball, Basketball, Hockey, Cricket, Others), by Platform (Website, Mobile Application), by Demographics (Under 25 years, 25-40 years, above 40 years), by Region (North America- US, Canada, Mexico, Europe- UK, Germany, Russia, Rest of the world- India, Australia, Brazil, Africa, Other countries) and Key Market Players (Rotoworld (Comcast Corporation), Fantasypros (Marzen Media LLC), Roto Sports, INC, Fantrax, Good Gamer Corporation, NFL Enterprises LLC, Draftkings INC, Sportech INC, Fanduel, Dream Sports)

  • Report ID : MD2907
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  • Pages : 220
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  • Tables : 60
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  • Formats :

Fantasy Sport Market size exceeded USD 21.46 billion in 2021 and is estimated to achieve over 14.2% CAGR during the forecast period.
Fantasy Sports are virtual guessing games in which the players assemble a virtual team of real-life athletes and then gain points by converting real-world statistics into fantasy points. The better your player does in real life, the more your fantasy points. Unlike online gaming fantasy sports cannot be played 24/7 and time spent on the app is limited to making your fantasy sports team, that too before the live match begins and so this makes it a non- addictive form of engagement. The skill of a player is required for a game to be classified as a game of skill, and success is based on the merit of the player, whereas a game of chance is distinguished by a high degree of likelihood and chance, with the merit of the player playing little or no part.
Fantasy sports are evidently triumphing in the arena of online gaming across the world. The emergence of cricket in the said sector has skyrocketed the passion for fantasy sports and it is not unusual for us to see our favorite players endorsing fantasy sports apps such as Draftkings, Fanduels, Dream Sports and Dream 11, etc. From being a niche market to sponsoring the largest T20 cricket league, fantasy sports have surely come a long way. They have revolutionized the online gaming experience, now fans not only participate as passive spectators but also, form their own teams and contest against many others.

Growth Analysis
The fantasy sports business has expanded dramatically in recent years. The spread of digital infrastructure in the emerging area is the most significant element driving rapid market expansion. The number of internet customers in India is expected to increase from 560 million in September 2018 to 639 million by the end of December 2020. Furthermore, due to the availability of low-cost smartphones and fast lowering data costs across the country, average data use per subscriber has grown dramatically. This expansion of digital infrastructure, together with the availability of high-speed internet at reasonable costs, contributes to the growth of the fantasy sports business in the region.
Regional Analysis

North America leading the industry, while India emerges as the biggest market for Fantasy sports

North America is considerably contributing to overall market growth because of the growing number of consumers in various fantasy sports sector. The regions expanding availability to high-speed internet connectivity, as well as the increased popularity of sports such as football and baseball, is pushing the rise of the fantasy sports sector. India is emerging as the biggest market for Online Fantasy Sports market in the world with millions of users. Indian fantasy sport gaming industry is all set to touch upon $2.5 billion in 2022 with a compound annual growth ratio of 32% and is slated to be worth about $3.7 billion by 2024.

Fantasy sports in India

Fantasy sports contests have introduced sports fans to sporting events that would not have traditionally gained popularity in India. Fans are now watching sports such as kabaddi, hockey, women’s football, and cricket, and the exposure to such events on FS platforms is restructuring the sports appetite and viewership of sports fans in the country. On the other hand, live-streaming capabilities and the availability of sporting content across traditional and nextgen platforms have further increased user engagement across Fantasy sports platforms. Consistent fan engagement, therefore, is leading to greater viewership and TRP, thereby attracting more sponsorships and the overall development of the sports infrastructure.

Further, the growth in the Indian FS industry is expected to be driven by advancing sporting infrastructure and the popularity of sporting leagues across the country. This growth is also aided by several key environmental factors such as increased media digitization, simplified digital payment platforms, increased adoption of affordable smartphones, and significant global investments in high speed internet infrastructure.

Rest of the world

The Asia-Pacific Fantasy Sports Market is expected to register a CAGR of 18.32% over the forecast period. African fantasy sports are soon to come. In a survey performed in Kenya, South Africa, Nigeria, Ghana, Tanzania, and Uganda, 72% of participants had bet, with 53% of those bets being on football. Eksab, an Egyptian fantasy football business, revealed on Monday, March 28, 2022, that it has raised $3 million from investors to expand its platform. The 2018-founded startups initial product is a prediction game where players build a fantasy lineup with a leaderboard that displays their advancement. Users can win rewards for making accurate predictions.

Segmentation Analysis
Research shows that 50% of the fantasy sports players are between the age of 18-34 while 81% of the user base consists of male population while the females makes up the remaining share. In terms of fantasy sports, the leading sport is football with over 35 million players just in the US. The number keeps increasing at a global level. In India, the highest played fantasy sport is cricket followed by Kabbadi, Hockey and Football with a total of over 100 million users.
By platform, the global fantasy sports market is bifurcated into website, and mobile application. The mobile application segment leads in terms of market share and is expected to gain more market share in the upcoming years.

Competitive Landscape
Gaming aficionados are also participating in sport betting and consuming sport betting content on numerous firm websites in order to make informed betting judgments. Key market participants are introducing novel and inventive platforms and applications. Important businesses are focusing on updating their websites with sport betting news and information as they analyze consumer preferences and trends. Important market leaders are implementing a variety of marketing methods to keep a lead. To maintain their market dominance, businesses are implementing technological innovation, contracts, strategic investments, and expansions. These reasons are anticipated to affect the market for fantasy sport solutions in a number of nations, and they are also fueling fierce competition between established players and up-and-coming businesses.

The entire debate around "game of skill" versus "game of chance" is debilitating the already long- simmering crisis around Gaming Laws. This, specifically, extends to the Fantasy Sports regime wherein a myriad of people have been participating and the empirical statistics of its usage is spiking further, each passing day.

The rise of sports leagues such as the National Football League (NFL) and the Indian Premier League (IPL) has increased the demand for novel technology innovations. This is reviving the fantasy sports industry since it is a critical instrument for active fan interaction and is increasingly being used in a variety of sports. The increased smartphone ownership and improved internet access are expected to increase the number of consumers and favorably effect industry growth. Furthermore, increased desire for adventure-based entertainment as a result of the hectic lives of the youthful people is fueling market expansion. Fantasy sports allow players to demonstrate their abilities and talents. Various legislation and legalization of betting and fantasy sports in different countries is also boosting the market of the fantasy sports.

The worldwide fantasy sports business was disrupted by the coronavirus pandemic. The strict social distance rules, sports complex closures, and public fear of coronavirus infection had a detrimental influence on sports activities. The lack of major sports leagues has caused significant disruption for the involved parties, although the impact is likely to be brief. With sports events and leagues such as the IPL and the French Open restarting, the sports fantasy market rebounded in the fourth quarter of 2021.

Strategic Developments
• Dream Sports signs 5-year deal with New Zealand Cricket for NFTs, gaming and merchandising
• Rotoworld rebranded as NBC Sports Edge upon its acquisition in February 2021.
• DraftKings and the Mashantucket Pequot Tribal Nation announced that they have agreed to a deal to expand their relationship and pave the way to offering the DraftKings online and retail sports betting experience in Puerto Rico, subject to applicable licenses and regulatory approvals being obtained.
• NBA Designates company as official sports betting partner as Fanduel and NBA expands partnership

Years considered for this report

• Historical Years: 2021
• Base Year: 2021
• Forecast Period: 2022-2032

Fantasy Sports Market Research Report Analysis Highlights

• Historical data available (as per request)
• Estimation/projections/forecast for revenue (2022 – 2032)
• Data breakdown for every market segment (2022 – 2032)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown

• Sports Type Analysis (Revenue, USD Million, 2022 – 2032)
o Football
o Baseball
o Basket Ball
o Hockey
o Cricket
o Others
• Platform Analysis (Revenue, USD Million, 2022 – 2032)
o Website
o Mobile Application
• Demographics Analysis (Revenue, USD Million, 2022 – 2032)
o Under 25 Years
o 25 - 40 Years
o Above 40 Years
• Regional Analysis (Revenue, USD Million, 2022 – 2032)
o North America
o Europe
Rest Of Europe
o Rest Of World
Other Countries
Key Market Players in Fantasy Sports Market
• Rotoworld (Comcast Corporation)
• Fantasypros (Marzen Media LLC)
• Roto Sports, INC
• Fantrax
• Good Gamer Corporation
• NFL Enterprises LLC
• Draftkings INC
• Sportech INC
• Fanduel
• Dream Sports
• Dream 11
Available Versions of Fantasy sports Market Report: -
United States Fantasy sports Market Research Report
Europe Fantasy sports Market Research Report
Asia Pacific Fantasy sports Market Research Report
India Fantasy sports Market Research Report
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