Report Code: CMI26217

Published Date: July 2023

Pages: 220+

Category: Technology

Report Snapshot

CAGR: 14.6%
19.1B
2022
22.2B
2023
50.4B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • DraftKings Inc.
  • FanDuel Group
  • Yahoo Fantasy Sports
  • ESPN Fantasy Sports
  • CBS Sports Fantasy
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Fantasy Sports Market is expected to record a CAGR of 14.6% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 19.1 billion. By 2032, the valuation is anticipated to reach USD 50.4 billion.

Top 10 Countries Active Fantasy Sports Customers (2022) million

Fantasy Sports

Source: According to Fantasy Sports Trade Association (FSTA)

The Fantasy Sports market refers to the industry that revolves around virtual sports games where participants assemble and manage their own teams of professional athletes. It involves drafting players, competing against other teams, and earning points based on the real-life performance of the chosen athletes. Participants often play for fun, engage in friendly competitions, or even compete for prizes in paid leagues.

The Fantasy Sports market combines elements of sports fandom, gaming, and social interaction. It leverages real-life sports events and statistics to create a virtual competition platform that appeals to sports enthusiasts. Key trends in the Fantasy Sports market include increasing popularity and user engagement, advancements in technology and mobile accessibility, the integration of real-time data and analytics, expansion into new sports and markets, the rise of esports fantasy, and the emphasis on social integration and community building. These trends shape the evolving nature of the market, enhancing the user experience and driving its growth.

Fantasy Sports Market – Significant Growth Factors

The Fantasy Sports Market presents significant growth opportunities due to several factors:

  • Growing Sports Fan Base: The increasing global fan base for various sports, including traditional and niche sports, drives the demand for fantasy sports. The passion and engagement of sports enthusiasts contribute to the growing user base and overall market expansion.
  • Advancements in Technology: Technological advancements, particularly in mobile devices and internet connectivity, have made fantasy sports more accessible and convenient. The widespread availability of smartphones and high-speed internet enables users to participate in fantasy sports leagues anytime and anywhere, driving market growth.
  • Monetization Opportunities: The Fantasy Sports market offers various monetization opportunities. Revenue streams include entry fees, sponsorships, advertising, partnerships with sports leagues, and premium features or subscription models. These opportunities attract investments, encourage platform development, and drive market growth.
  • Global Expansion: The Fantasy Sports market has opportunities for expansion into untapped markets and regions, such as Asia, Latin America, and Europe. These emerging markets offer a large potential user base and present opportunities for platforms to gain market share and drive growth.
  • Diversification of Sports Portfolio: There are opportunities to diversify the sports portfolio in fantasy sports. Expanding beyond traditional sports, platforms can include esports, niche sports, and international sports to cater to a broader range of user interests, attracting new participants and driving market growth.
  • Enhanced User Engagement: Opportunities lie in enhancing user engagement through gamification, interactive features, and personalized experiences. Features like player rankings, virtual competitions, social interaction, and rewards can increase user retention, participation, and overall market growth.
  • Integration with Sports Betting: The integration of fantasy sports with sports betting presents opportunities to cater to users interested in both activities. Platforms can explore partnerships and features that allow participants to engage in fantasy sports and sports betting, providing a comprehensive and immersive sports gaming experience.

Fantasy Sports Market – Mergers and Acquisitions

The Fantasy Sports Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Fantasy Sports Market include:

  • Yahoo Fantasy Sports and BetMGM: In 2020, Yahoo Fantasy Sports entered into a partnership with BetMGM, allowing users to access sports betting features directly from the Yahoo Fantasy platform.
  • CBS Sports and SportsLine: CBS Sports partnered with SportsLine, a subscription-based sports analytics platform, to offer premium fantasy sports content, including expert analysis and tools for CBS Sports fantasy users.
  • DraftKings Inc. and SBTech: In 2020, DraftKings completed its acquisition of SBTech, a leading provider of technology solutions for the sports betting and iGaming industry, to enhance its technology infrastructure and expand its market reach.
  • FanDuel Group and TVG Network: FanDuel acquired TVG Network, a horse racing-focused sports betting operator, in 2020, to further diversify its product offerings and expand into the horse racing market.
  • DraftKings Inc. and BlueRibbon Software: In 2021, DraftKings acquired BlueRibbon Software, a leading provider of jackpot and gamification solutions, to enhance its customer engagement and personalization features.
  • Penn National Gaming and Barstool Sports: In 2020, Penn National Gaming acquired a 36% stake in Barstool Sports, a prominent sports media company, to leverage Barstool’s large fanbase and content ecosystem for its fantasy sports and sports betting platforms.
  • Scout Gaming Group and Betsson: In 2019, Scout Gaming Group acquired B2B daily fantasy sports provider FanTeam, expanding its market presence and customer base in the European fantasy sports market.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Fantasy Sports Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Fantasy Sports Market India Fantasy Sports Market Online Poker Market
CAGR 14.6% (Approx) CAGR 13.9% (Approx) CAGR 12% (Approx)
USD 50.4 Billion by 2032 USD 72.06 Billion by 2030 USD 170 Billion by 2030

Fantasy Sports Market – Significant Threats

The Fantasy Sports Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Legal and Regulatory Challenges: The Fantasy Sports market faces potential legal and regulatory challenges in different jurisdictions. Some regions may impose restrictions or require specific licenses for operating fantasy sports platforms. Changes in laws or unfavourable rulings regarding the classification of fantasy sports as a game of skill or chance can impact the market’s legality and operations.
  • Competition from Illegal or Unregulated Platforms: The presence of illegal or unregulated fantasy sports platforms poses a threat to the market. These platforms may not adhere to proper licensing, data protection, or fair play standards, potentially leading to negative perceptions among users and undermining the trust and credibility of the entire industry.
  • Negative Public Perception: Fantasy Sports can face challenges related to negative public perception, often associated with concerns about problem gambling, addiction, or the potential for insider trading. Such perceptions can lead to increased scrutiny from the media, public advocacy groups, and regulatory authorities, impacting the market’s reputation and growth potential.
  • Declining Sports Engagement: The Fantasy Sports market relies heavily on the popularity and engagement of real-life sports events. Factors such as player controversies, labour disputes, or declines in overall sports viewership can result in decreased interest and participation in fantasy sports, affecting the market’s growth and revenue generation.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 22.2 Billion
Projected Market Size in 2032 USD 50.4 Billion
Market Size in 2022 USD 19.1 Billion
CAGR Growth Rate 14.6% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Sports Type, Platform, Age Group and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Sports Type:

  • Football: In the Fantasy Sports market, football involves participants creating virtual teams of real-life football players. It remains the most popular sport, with a significant user base and high engagement. The trend in football fantasy sports includes player statistics-driven gameplay, integration with live football events, and the rise of daily fantasy football leagues.
  • Baseball: Fantasy baseball in the Fantasy Sports market revolves around creating virtual teams of real-life baseball players. It has a dedicated fan base and offers in-depth statistical analysis. Trends in baseball fantasy sports include advanced analytics, integration with MLB events, and the emergence of dynasty leagues and auction-style drafts.
  • Basketball: Basketball fantasy sports involve drafting virtual teams of real-life basketball players. It enjoys a substantial following, with rapid-paced gameplay. The trends in basketball fantasy sports include real-time player performance updates, integration with NBA events, and the rise of daily fantasy basketball formats.
  • Hockey: Hockey fantasy sports involve participants selecting virtual teams of real-life hockey players. It has a dedicated fan base and offers strategic gameplay. Trends in hockey fantasy sports include advanced player analytics, integration with NHL events, and the growth of fantasy leagues centred around international hockey competitions.
  • Cricket: Fantasy cricket in the Fantasy Sports market revolves around creating virtual teams of real-life cricket players. It has a significant presence in cricket-loving regions, with a focus on match statistics and player performance. Trends in cricket fantasy sports include integration with major cricket leagues, in-depth player data, and specialized formats for T20 and Test cricket.
  • Others: The “Others” category in the Fantasy Sports market encompasses various sports like soccer, golf, motorsports, tennis, and more. These sports have their dedicated fantasy sports communities, with trends including specialized formats for each sport, integration with major events, and the use of advanced analytics to enhance the gameplay experience.

Global Fantasy Sports Market 2023–2032 (By Billion)

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By Platform

  • Website: In the Fantasy Sports market, websites serve as online platforms accessible through web browsers. Users can access features like team management, player drafting, and league participation. The trend in website platforms includes user-friendly interfaces, advanced analytics, and personalized experiences to enhance user engagement and provide seamless fantasy sports experiences.
  • Mobile Application: Mobile applications provide access to Fantasy Sports platforms on smartphones and tablets. Users can manage their teams, track player performance, and participate in leagues on the go. The trend in mobile applications includes intuitive design, real-time notifications, social integration, and integration with sports betting to cater to the growing mobile user base and enhance convenience and engagement.

By Age-Group

  • Under 25 Years: In the Fantasy Sports market, individuals under 25 years of age represent a key demographic. They are tech-savvy and highly engaged with sports and gaming. Trends include a preference for mobile-friendly platforms, the integration of esports fantasy, and the use of social media for team sharing and interaction.
  • 25 – 40 Years: The age group of 25 to 40 years constitutes a significant segment in the Fantasy Sports market. This demographic is typically characterized by a strong interest in sports and competitive gaming. Trends include participation in paid leagues, emphasis on data-driven decision-making, and demand for enhanced user experiences through interactive features and personalized content.
  • Above 40 Years: While individuals above 40 years may be a smaller segment, they are increasingly embracing fantasy sports. This age group often consists of avid sports fans with disposable income. Trends include a preference for user-friendly interfaces, engagement with traditional sports like football and baseball, and the integration of fantasy sports as a social activity among friends and family.

Global Fantasy Sports Market 2023–2032 (By Platform)

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Fantasy Sports Market – Regional Analysis

The Fantasy Sports Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, the Fantasy Sports market is well-established and highly competitive. The trend in this region includes the integration of sports betting with fantasy sports, offering a comprehensive sports gaming experience. Dominant players in North America include DraftKings Inc., FanDuel Group, and Yahoo Fantasy Sports.
  • Europe: In Europe, the Fantasy Sports market is gradually gaining traction, with a growing user base. The trend involves expanding the sports portfolio to include popular European sports like soccer and cricket, catering to regional interests. Key players in Europe include FanTeam, Oulala, and FantasyBet.
  • Asia-Pacific: The Asia-Pacific region showcases immense potential for the Fantasy Sports market. The trend in this region is the growing popularity of fantasy esports, with platforms integrating fantasy sports with popular esports titles like Dota 2 and League of Legends. Dominant players in Asia-Pacific include Dream11, MyTeam11, and PlayerzPot.
  • LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, the Fantasy Sports market is still in its nascent stages but showing promising growth. The trend involves strategic partnerships with local sports leagues and media organizations to increase market presence and engage users. Key players in LAMEA include Fantrax, Futbol Fantasy, and Althletto.

Global Fantasy Sports Market 2023–2032 (By Age Group)

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Competitive Landscape – Fantasy Sports Market

The Fantasy Sports Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • DraftKings Inc.
  • FanDuel Group
  • Yahoo Fantasy Sports
  • ESPN Fantasy Sports
  • CBS Sports Fantasy
  • NFL Fantasy Football
  • FOX Bet Super 6
  • SuperDraft
  • RTSports
  • Sleeper
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. For example, In 2021, one major partnership in the Fantasy Sports market was between DraftKings Inc. and the Professional Fighters League (PFL). The partnership involved DraftKings becoming the official sportsbook and daily fantasy partner of PFL, expanding its reach in the combat sports industry and enhancing the fan experience.

Several new players have entered the Fantasy Sports market by adopting innovation and development strategies to establish their presence. These new entrants focus on enhancing user experiences through innovative gameplay features, mobile-friendly platforms, and advanced analytics. They invest in technology and user interface improvements to differentiate themselves in the market.

Dominant players in the Fantasy Sports market include DraftKings Inc., FanDuel Group, and Yahoo Fantasy Sports. These key players have established market dominance through their early entry, strong brand recognition, extensive partnerships with sports leagues, and large user bases. They leverage their robust platforms, strategic marketing campaigns, and continuous investments in technology to maintain their dominant position and attract new users, solidifying their presence in the market.

The Fantasy Sports Market is segmented as follows:

By Sports Type

  • Football
  • Baseball
  • Basketball
  • Hockey
  • Cricket
  • Others

By Platform

  • Website
  • Mobile Application

By Age Group

  • UNDER 25 YEARS
  • 25 – 40 YEARS
  • ABOVE 40 YEARS

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Fantasy Sports Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Fantasy Sports Market : snapshot
  • Chapter 3. Global Fantasy Sports Market – Industry Analysis
    • 3.1 Fantasy Sports Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing Sports Fan Base
      • 3.2.2 Advancements in Technology
      • 3.2.3 Monetization Opportunities
      • 3.2.4 Global Expansion
      • 3.2.5 Diversification of Sports Portfolio
      • 3.2.6 Enhanced User Engagement
      • 3.2.7 Integration with Sports Betting.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Sports Type
      • 3.7.2 Market attractiveness analysis By Platform
      • 3.7.3 Market attractiveness analysis By Age Group
  • Chapter 4. Global Fantasy Sports Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Fantasy Sports Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Fantasy Sports Market – Sports Type Analysis
    • 5.1 Global Fantasy Sports Market overview: By Sports Type
      • 5.1.1 Global Fantasy Sports Market share, By Sports Type, 2022 and – 2033
    • 5.2 Football
      • 5.2.1 Global Fantasy Sports Market by Football, 2024 – 2033 (USD Billion)
    • 5.3 Baseball
      • 5.3.1 Global Fantasy Sports Market by Baseball, 2024 – 2033 (USD Billion)
    • 5.4 Basketball
      • 5.4.1 Global Fantasy Sports Market by Basketball, 2024 – 2033 (USD Billion)
    • 5.5 Hockey
      • 5.5.1 Global Fantasy Sports Market by Hockey, 2024 – 2033 (USD Billion)
    • 5.6 Cricket
      • 5.6.1 Global Fantasy Sports Market by Cricket, 2024 – 2033 (USD Billion)
    • 5.7 Others
      • 5.7.1 Global Fantasy Sports Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Fantasy Sports Market – Platform Analysis
    • 6.1 Global Fantasy Sports Market overview: By Platform
      • 6.1.1 Global Fantasy Sports Market share, By Platform, 2022 and – 2033
    • 6.2 Website
      • 6.2.1 Global Fantasy Sports Market by Website, 2024 – 2033 (USD Billion)
    • 6.3 Mobile Application
      • 6.3.1 Global Fantasy Sports Market by Mobile Application, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Fantasy Sports Market – Age Group Analysis
    • 7.1 Global Fantasy Sports Market overview: By Age Group
      • 7.1.1 Global Fantasy Sports Market share, By Age Group, 2022 and – 2033
    • 7.2 UNDER 25 YEARS
      • 7.2.1 Global Fantasy Sports Market by UNDER 25 YEARS, 2024 – 2033 (USD Billion)
    • 7.3 25 – 40 YEARS
      • 7.3.1 Global Fantasy Sports Market by 25 – 40 YEARS, 2024 – 2033 (USD Billion)
    • 7.4 ABOVE 40 YEARS
      • 7.4.1 Global Fantasy Sports Market by ABOVE 40 YEARS, 2024 – 2033 (USD Billion)
  • Chapter 8. Fantasy Sport’s Market – Regional Analysis
    • 8.1 Global Fantasy Sport’s Market Regional Overview
    • 8.2 Global Fantasy Sport’s Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Fantasy Sport’s Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Fantasy Sport’s Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Fantasy Sport’s Market, by Sport’s Type, 2024 – 2033
      • 8.4.1 North America Fantasy Sport’s Market, by Sport’s Type, 2024 – 2033 (USD Billion)
    • 8.5 North America Fantasy Sport’s Market, by Platform, 2024 – 2033
      • 8.5.1 North America Fantasy Sport’s Market, by Platform, 2024 – 2033 (USD Billion)
    • 8.6 North America Fantasy Sport’s Market, by Age Group, 2024 – 2033
      • 8.6.1 North America Fantasy Sport’s Market, by Age Group, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Fantasy Sport’s Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Fantasy Sport’s Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Fantasy Sport’s Market, by Sport’s Type, 2024 – 2033
      • 8.8.1 Europe Fantasy Sport’s Market, by Sport’s Type, 2024 – 2033 (USD Billion)
    • 8.9 Europe Fantasy Sport’s Market, by Platform, 2024 – 2033
      • 8.9.1 Europe Fantasy Sport’s Market, by Platform, 2024 – 2033 (USD Billion)
    • 8.10 Europe Fantasy Sport’s Market, by Age Group, 2024 – 2033
      • 8.10.1 Europe Fantasy Sport’s Market, by Age Group, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Fantasy Sport’s Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Fantasy Sport’s Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Fantasy Sport’s Market, by Sport’s Type, 2024 – 2033
      • 8.12.1 Asia Pacific Fantasy Sport’s Market, by Sport’s Type, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Fantasy Sport’s Market, by Platform, 2024 – 2033
      • 8.13.1 Asia Pacific Fantasy Sport’s Market, by Platform, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Fantasy Sport’s Market, by Age Group, 2024 – 2033
      • 8.14.1 Asia Pacific Fantasy Sport’s Market, by Age Group, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Fantasy Sport’s Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Fantasy Sport’s Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Fantasy Sport’s Market, by Sport’s Type, 2024 – 2033
      • 8.16.1 Latin America Fantasy Sport’s Market, by Sport’s Type, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Fantasy Sport’s Market, by Platform, 2024 – 2033
      • 8.17.1 Latin America Fantasy Sport’s Market, by Platform, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Fantasy Sport’s Market, by Age Group, 2024 – 2033
      • 8.18.1 Latin America Fantasy Sport’s Market, by Age Group, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Fantasy Sport’s Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Fantasy Sport’s Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Fantasy Sport’s Market, by Sport’s Type, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Fantasy Sport’s Market, by Sport’s Type, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Fantasy Sport’s Market, by Platform, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Fantasy Sport’s Market, by Platform, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Fantasy Sport’s Market, by Age Group, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Fantasy Sport’s Market, by Age Group, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 DraftKings Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 FanDuel Group
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Yahoo Fantasy Sports
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 ESPN Fantasy Sports
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 CBS Sports Fantasy
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 NFL Fantasy Football
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 FOX Bet Super 6
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 SuperDraft
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 RTSports
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Sleeper
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 27

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • DraftKings Inc.
  • FanDuel Group
  • Yahoo Fantasy Sports
  • ESPN Fantasy Sports
  • CBS Sports Fantasy
  • NFL Fantasy Football
  • FOX Bet Super 6
  • SuperDraft
  • RTSports
  • Sleeper
  • Others

FAQs

The key factors driving the Market are Growing Sports Fan Base, Advancements in Technology, Monetization Opportunities, Global Expansion, Diversification of Sports Portfolio, Enhanced User Engagement And Integration with Sports Betting.

The “Sports Type” category dominated the market in 2022

The key players in the market are DraftKings Inc., FanDuel Group, Yahoo Fantasy Sports, ESPN Fantasy Sports, CBS Sports Fantasy, NFL Fantasy Football, FOX Bet Super 6, SuperDraft, RTSports, Sleeper, Others

“North America” had the largest share in the Fantasy Sports Market.

The global market is projected to grow at a CAGR of 14.6% during the forecast period, 2023-2032.

The Fantasy Sports Market size was valued at USD 19.1 Billion in 2022.

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