Fantasy Sports Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Fantasy Sports Market was valued at USD 29.85 billion in 2023 and is expected to grow at a CAGR of over 15% between 2024 and 2032. This growth is driven by the increasing popularity of sports and the expanding digital landscape. In December 2023, fantasy sports companies in India saw significant growth due to the cricket World Cup. Platforms like Dream11 and SportsBaazi experienced up to 60% increases in active users and substantial revenue boosts. Dream11 surpassed 200 million users, reflecting a booming market driven by high traffic and advertising.

Daily fantasy sports (DFS) platforms are a key driver for the market growth. Unlike traditional season-long leagues, DFS allows users to craft new teams for each game or week for offering a more dynamic and immediate engagement. This approach has broadened the audience, attracting both committed players and casual participants intrigued by short-term, high-stakes contests. Extensive marketing and promotions have also fueled the swift expansion of DFS.

The overall industry is divided into sport category, platform, game format, and region.

The market is divided into mobile applications, web-based platforms, and console/PC games. The console/PC games segment is expected to reach a value of over USD 10 billion by 2032. These platforms benefit from high-quality graphics, advanced gameplay mechanics, and immersive experiences that attract a dedicated gaming audience. Serious gamers often prefer these platforms for a more engaging and comprehensive gaming experience compared to mobile or web-based options. The ability to support high-performance hardware, such as powerful GPUs and expansive storage will further enhance the appeal of console and PC games.

Based on game format, the fantasy sports market is divided into daily fantasy sports, weekly fantasy sports, and season-long fantasy sports. The daily fantasy sports segment is the fastest growing, with a CAGR of over 15% between 2024 and 2032. The format's short duration and immediate results appeal to users looking for quick and frequent gaming experiences. The flexibility of daily fantasy sports allows users to join contests and draft new teams daily for providing more opportunities for participation and engagement.

North America dominated the global fantasy sports market in 2023, accounting for a share of over 30%. The increasing popularity of sports like football, basketball, and baseball has spurred greater interest in fantasy sports. Technological advancements, including enhanced mobile applications and advanced data analytics, provide users with sophisticated tools and real-time insights, making fantasy sports experience more engaging and strategic.

Product Code: 10615

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Rising popularity of sports events
  - 3.8.1.2 Technological innovations in mobile technology and data analytics
  - 3.8.1.3 Effective marketing and advertising
  - 3.8.1.4 Expanding digital access
  - 3.8.1.5 Enhanced user experience
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Regulatory and legal issues
  - 3.8.2.2 High user churn rates
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Sport Category, 2021 - 2032 (USD million)

5.1 Key trends
5.2 Team sports
- 5.2.1 Football (Soccer)
- 5.2.2 American football
- 5.2.3 Basketball
- 5.2.4 Baseball
- 5.2.5 Hockey
- 5.2.6 Cricket
- 5.2.7 Rugby
- 5.2.8 Others (e.g., Volleyball, Handball)
5.3 Individual Sports
- 5.3.1 Golf
- 5.3.2 Tennis
- 5.3.3 Track and field
- 5.3.4 Motorsports
- 5.3.5 Others (e.g., Boxing, MMA)

Chapter 6 Market Estimates and Forecast, By Platform, 2021 - 2032 (USD million)

6.1 Key trends
6.2 Mobile Applications
- 6.2.1 iOS
- 6.2.2 Android
- 6.2.3 Cross-platform
6.3 Web-based platforms
6.4 Console/PC games

Chapter 7 Market Estimates and Forecast, By Game Format, 2021 - 2032 (USD million)

7.1 Key trends
7.2 Daily fantasy sports
7.3 Weekly fantasy sports
7.4 Season-long fantasy sports

Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2032 (USD million)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 CBS Sports Fantasy
9.2 Draft
9.3 DraftKings
9.4 ESPN Fantasy Sports
9.5 FanDuel Racing
9.6 Fanduel Sportsbook
9.7 Fantasy Draft
9.8 Fantasy Football Calculator
9.9 Fantrax
9.10 Monkey Knife Fight
9.11 MyFantasyLeague
9.12 Playoff Fantasy
9.13 PrizePicks
9.14 Pro Football Focus (PFF)
9.15 Rivalry
9.16 RotoGrinders
9.17 Rotoworld (NBC Sports Edge)
9.18 Sleeper
9.19 SportsLine (by CBS Sports)
9.20 SuperDraft
9.21 The Fantasy Footballers
9.22 Underdog Fantasy
9.23 Yahoo Fantasy Sports
9.24 Zebra