Fantasy Sports Global Market Sees Growth Rate Of 17% Through 2022

4 Mar, 2022

The global fantasy sports market size is expected to grow from $22.31 billion in 2021 to $26.02 billion in 2022 at a compound annual growth rate (CAGR) of 16.7%. The growth in the market is mainly due to the increasing youth population, growth in digital infrastructure, availability of affordable smartphones, increasing popularity of players in various sports, growing investment in internet infrastructure and the launch of fantasy sports applications. The fantasy sports market is expected to reach $43.35 billion in 2026 at a CAGR of 13.6%.

What is the Global Fantasy Sports Market?

The fantasy sports market consists of sales of fantasy sports services by entities (organizations, sole traders, and partnerships) that are engaged in providing online gaming and betting services. Fantasy sports, often known as rotisserie sports or roto, are any of a variety of games that allow a player to play a virtual game or a virtual season of a league. These teams compete based on the statistical performance of those players in actual games. In fantasy sports, a player earn points based on real life statistics that are converted into fantasy points. The fans take on the roles of both general manager and field manager for their team, assembling a squad through a draft and deals and putting together lineups in desire of the highest statistical output.

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What drives the Global Fantasy Sports Market?

The increasing youth population is contributing to the growth of the fantasy sports market. With the present youth spending more and more time on smartphones and, by extension, social media, and fantasy sport has provided them with the possibility to connect and have more enjoyable conversations and competitions with their peers. According to the United Nations population projections, there were 1.2 billion people aged 15 to 24 in the globe in 2019, or around one in every six people. By 2030, the world's young population is expected to increase by 7% to 1.3 billion. Thus, the increasing youth population propels the growth of the fantasy sports market.

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Global Fantasy Sports Market Segments
The global fantasy sports market is segmented:
By Sports Type: Football, Baseball, Basketball, Hockey, Cricket, Others
By Platform: Website, Mobile Application
By Usage Type: Free, Paid, Hybrid
By Application: Individual Competition, Team Competition
By Geography: The regions covered in the fantasy sports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Fantasy Sports Global Market Report 2022provides market size and growth forecasts for the global fantasy sports market, global fantasy sports market share, fantasy sports market segments and geographies, fantasy sports market competitive landscape including leading competitors’ revenues, profiles and market shares. The fantasy sports market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Fantasy Sports Industry Playersinclude DraftKings, Fan Duel, Fantrax, Nfl Fantasy, Cbs Sports, ESPN, Dream Sports, Yahoo Fantasy, Bovada, Rotoworld (NBC Sports Edge), Roto Sports (Roto wire), Fox Sports Fantasy Football, StarsDraft (Victiv), MyFantasyLeague, Fantasy Pros, Good Gamer Corporation, Draft Team Fantasy Sports, 11Wickets, Battlefy, Mobile Premier League (Mpl), Playon fantasy sports, Playup, Ballebaazi, Sleeper, Sofa Superstars, Sportito and Winview Games. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.