USD 27.20 billion
Report ID: SQMIG25P2010 | Region: Global | Published Date: July, 2030 | Pages: 223 | Tables: 90 | Figures: 76
Global Fantasy Sports Market size was valued at USD 27.20 billion in 2022 and is poised to grow from USD 30.95 billion in 2023 to USD 87.07 billion by 2031, growing at a CAGR of 13.80% during the forecast period (2024-2031).
The global fantasy sports market has experienced significant growth in recent years and is expected to continue its upward trajectory. One of the key factors driving the growth of the fantasy sports market is the increasing popularity of various sports leagues and tournaments worldwide. The rise of major sporting events such as the NFL, NBA, Premier League, and IPL has led to a surge in fan engagement, creating a fertile ground for fantasy sports platforms. Additionally, the proliferation of digital technologies, including smartphones and high-speed internet, has made it easier for fans to participate in fantasy sports and track their teams in real-time. The market is also benefiting from the growing trend of online gaming and eSports. As gaming culture continues to expand globally, fantasy sports have found a natural synergy, attracting a new generation of sports enthusiasts who enjoy the competitive and interactive nature of these platforms. Furthermore, the market has witnessed innovative developments in terms of gameplay, user interfaces, and social interaction. Companies are introducing new features such as daily fantasy contests, virtual trading, and augmented reality experiences to enhance user engagement and provide a more immersive experience. However, the market also faces certain challenges, including legal and regulatory issues in some jurisdictions, concerns about the integrity of sports competitions, and the dominance of a few major players in the industry.
US Fantasy Sports Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 27.20 billion
Largest Segment
Mobile application
Fastest Growth
Mobile application
Growth Rate
13.80% CAGR
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Global Fantasy Sports Market is segmented by sports type, platforms, demographics and region. Based on sports type, the market can be segmented into football, baseball, basketball, hockey, cricket, and others. Based on platforms, the market is segmented into mobile application and website. Based on demographics, the market is segmented into Under 25 Years, 25 to 40 Years and Above 40 Years. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Fantasy Sports Market Analysis by Sports Type
The football segment emerged as the top contributor and is the most dominant in the market. To ensure fairness across various fantasy positions, a respected set of statistics and corresponding point values forms the foundation of the standard fantasy football scoring system. Fantasy football's immense popularity, coupled with its addictive nature and the ease of accessing team information for managers, has significantly boosted its global appeal. Consequently, fantasy football has become the leading segment in the global fantasy sports market.
The cricket segment is experiencing the highest rate of growth. Fantasy Cricket is an online strategic sports game that involves creating and competing with a virtual team of cricketers participating in real matches worldwide. Points are awarded based on the performance of these players in actual matches. The objective for users is to assemble the best possible team from the competing squads on a given day and outperform their opponents. With numerous platforms available for fantasy cricket, developers continuously introduce enhancements and innovations to keep the game engaging and enticing, thereby driving the growth of this segment.
Fantasy Sports Market Analysis by Platform
The mobile application sector emerged as the primary contributor and is the most dominant in the market. Compared to mobile websites, applications typically offer faster performance, being 1.5 times faster and executing actions more swiftly. Moreover, they provide various customization options such as drag, pinch, hold, tap, double tap, and more, enhancing user-friendliness. The widespread adoption of mobile phones, coupled with the rapid expansion of the market, has led to the introduction of diverse mobile applications for different operating systems, such as Android and iOS. Enthusiastic users are leveraging these apps to enhance their processes and improve accessibility for their customers, thus driving customer engagement.
The website segment represents the fastest growing segment in the market. Websites offer a user-friendly experience to customers, and efforts are being made to develop mobile-optimized websites that can attract targeted users and keep them engaged for longer periods. Additionally, websites are more cost-effective than mobile applications, providing users with a budget-friendly platform.
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North America dominated the global fantasy sports market, characterized by a strong presence of established fantasy sports platforms and a large user base. North America has a deep-rooted sports culture, with sports like American football, basketball, baseball, and ice hockey enjoying immense popularity. This has created a fertile ground for fantasy sports platforms to thrive, as fans eagerly participate in virtual team-building and compete against each other.
The Asia-Pacific (APAC) region is emerging as a rapidly growing market for fantasy sports. While North America has traditionally dominated the industry, APAC is witnessing significant traction due to multiple factors. Firstly, the region has a massive population and a growing middle class with increasing disposable income. This has resulted in a surge in sports fandom and a greater interest in participating in fantasy sports.
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Fantasy Sports Market Drivers
Increasing integration of advanced technologies
Fantasy Sports Market Restraints
Legal and regulatory challenges faced by operators in various jurisdictions
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Global Fantasy Sports Market is characterized by a mix of established companies and emerging players. The companies invest in research and development, form strategic partnerships, and offer innovative features to gain a competitive edge. Additionally, emerging startups leverage technology advancements to disrupt the market. Collaborations with sports leagues and broadcasters further shape the competitive landscape.
Fantasy Sports Market Top Player’s Company Profiles
Fantasy Sports Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Fantasy Sports Market analysis, the market is experiencing significant growth, driven by the immense popularity of fantasy football or soccer. With over 5 billion fans worldwide, football remains one of the most beloved sports globally. Major leagues such as the Premier League, La Liga, Bundesliga, MLS, Serie A, and Ligue 1 attract a massive following and contribute to the widespread appeal of the sport. Entrepreneurs are capitalizing on the growing demand for virtual sports experiences by offering various fantasy soccer formats. These platforms cater to millions of participants globally, providing customized leagues and replicating official leagues such as Fantasy Premier League and Fantasy La Liga. The market showcases the convergence of sports enthusiasm and virtual gaming, creating a thriving and engaging experience for fans. It offers an engaging and immersive experience for football enthusiasts, allowing them to showcase their knowledge and skills as virtual team managers.
Report Metric | Details |
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Market size value in 2022 | USD 27.20 billion |
Market size value in 2031 | USD 87.07 billion |
Growth Rate | 13.80% |
Base year | 2022 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Fantasy Sports Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Fantasy Sports Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Fantasy Sports Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Fantasy Sports Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Product ID: SQMIG25P2010