Global Fantasy Sports Market

Fantasy Sports Market Size, Share, Growth Analysis, By Sports Type(Football, Baseball, Basketball, Hockey), By Platforms(Mobile application and Website), By Demographics(Under 25 Years, 25 to 40 Years and Above 40 Years), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25P2010 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 90 | Figures: 76

Fantasy Sports Market Regional Insights

North America dominated the 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 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).

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. 'DraftKings (US)', 'FanDuel (US)', 'Yahoo Fantasy Sports (US)', 'ESPN Fantasy Sports (US)', 'CBS Sports Fantasy (US)', 'NFL Fantasy Football (US)', 'NBC Sports Fantasy (US)', 'Fox Sports Fantasy (US)', 'FantasyPros (US)', 'Sleeper (US)', 'MyFantasyLeague (US)', 'RTSports (US)', 'RealTime Fantasy Sports (US)', 'Fantasy Premier League (UK)', 'Dream Team FC (UK)', 'Premier Punt (UK)', 'TFF - Telegraph Fantasy Football (UK)', 'MPL- Mobile Premier League (India)', 'Dream11 (India)', 'MyTeam11 (India)'

One key market trend in the Fantasy Sports Market is the growing popularity of Fantasy Football. Fantasy football, also known as fantasy soccer, has gained immense popularity, mirrored the real-world game, and offered numerous leagues for competition. According to FIFA, soccer, or football, boasts a global fan base of over 5 billion. Prominent football leagues like the Premier League, La Liga, Bundesliga, MLS, Serie A, and Ligue 1 contribute to the sport's widespread appeal. With a staggering nine million participants worldwide, fantasy soccer is played in various formats. Entrepreneurs have seized the opportunity to meet the increasing demand from fans for virtual versions of their beloved sport by offering these sports platforms from different locations. Fantasy football leagues for soccer often emulate the official leagues in different jurisdictions, such as Fantasy Premier League, Fantasy La Liga, Bundesliga, Serie A, and more. However, players also have the flexibility to create customized leagues with a wide range of possibilities.

North America dominated the 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. 

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Global Fantasy Sports Market

Report ID: SQMIG25P2010

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