Introduction Fantasy Sports Are Online Gaming Platforms Where Users Draft And Manage Virtual Teams Of Actual Professional Sports Players. The Participants Compete With The Fantasy Teams Throughout The Season Or The Entire Sports League. Users May Win Cash Prizes When They Score Maximum Points. To Advertise And Promote Their Platforms, The Leading Players In This Industry Have Partnered With Sports Leagues To Increase Their Market Penetration. The Rising Players’ Popularity In Different Sports And The Launch Of Fantasy Sports Apps Are The Key Factors To Immense Growth Globally.
The global fantasy sports market
The Fantasy Sports Market Has Grown Tremendously Over The Past Few Years, With The Main Influential Factor Being The Proliferation Of Digital Infrastructure In Developing Regions. For Instance, The Number Of Subscribers In India Was Estimated At 639 Million In December 2020 From The 560 Million Subscribers In September 2018. Similarly, The Availability Of Affordable High-Speed Internet Makes The Fantasy Sports Market Thrive.
The fantasy sports market share
North America Holds The Largest Share Of The Fantasy Sports Market. The Region Has Dominated The Market Due To Its Robust Economy, Many Sports Sponsorships, Increasing Availability Of Internet-Accessible Devices, And Rising Sports Popularity. The Asia Pacific Region Comes Second. This Is Attributed To The High Number Of Users In India. The Global Fantasy Sports Market Is Now Driven By Increasing Affordable Smartphones And The Penetration Of High-Speed Internet. Access To Affordable Smartphones Has Helped End-Users Play Fantasy Sports Irrespective Of Their Location And Time.
The daily fantasy sports market size
According To A Report Published In November 2020, The Fantasy Sports Market Was Estimated To Be $18.6 Billion In 2019 And Is Expected And To Reach $48.6 Billion By The End Of 2027. The Fantasy Sports Market Will Have Registered A CAGR Of 13.9% From 2021 To 2027. This Report Gives A Detailed Analysis Of The Fluctuating Market Trends, Top Investment Pockets, Competitive Landscapes, And Market Estimates. Many People Want To Participate In A Game Rather Than View It, Which Has Significantly Raised The Industry’s Bar. Many Participants Can Now Bet On Various Fantasy Sports Platforms Anytime And Anywhere In The World Using Their Smartphones. The Fantasy Sports Users’ Statistics Fantasy Sports Is A Popular Industry With Millions Of Dedicated Fans And Players All Over The World. Up To This Point, Football Is Still The Most Popular Fantasy Sport, With More Than 59.3 Million Players Across Canada And The US Alone. The Average Amount Of Money Spent Per Player On Every Fantasy League Activity Is $557. In 2018, The Fantasy Sports Industry Had A Daily Revenue Of $2.91 Billion, And This Is Expected To Have Increased Since The Number Of Users Has Increased Significantly. Conclusion The Growth Of Digital Infrastructure, Falling Data Prices, Transparency In Transactions, Social Media Platforms, And Increased Investment In Fantasy Sports Have Contributed To The Development Of The Fantasy Sports Market Globally. Similarly, Many Users Can Now Access Smartphones To Play Fantasy Sports From Everywhere In The World, Leading To An Exponential Growth Of The Industry.
