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2020

Fantasy Sports Market

Fantasy Sports Market Size, Share, Competitive Landscape and Trend Analysis Report, by Sports Type, Platform and Demographics : Global Opportunity Analysis and Industry Forecast, 2021-2027

CG : Sports, Fitness and Leisure

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Author's: Himanshu Vig | Roshan Deshmukh
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The fantasy sports market size was valued at $18.6 billion in 2019, and is expected to reach $48.6 billion by 2027, registering a CAGR of 13.9% from 2021 to 2027. The football segment led in terms of the fantasy sports market share in 2019 and is expected to retain its dominance throughout the forecast period.

Fantasy sports are online gaming platforms where participants manage and draft virtual teams of real professional sports players. Users compete against the fantasy teams of each other people, over an entire sports league or season. User that scores maximum points wins money based on the performance of the real professional sports players.

Fantasy-Sports-Market-2020-2027

The fantasy sports market has seen tremendous growth in the past few years. The top most influential factor of rapid market expansion is the proliferation of digital infrastructure in the developing region. The number of internet subscribers in India is estimated to reach 639 million by the end of December 2020 from 560 million in September 2018. Furthermore, average data usage per subscriber has increased significantly owing to availability of affordable smartphones coupled with rapidly falling data prices across the country. This growth in digital infrastructure along with the availability of high speed internet at affordable prices helps in driving the growth of the fantasy sports market in the region.

Players operating in the fantasy sports market offer complete transparency to customers in terms of their monetary transactions. All financial transactions on sports fantasy platforms are secured with verified payment gateways, thus building greater confidence among users. Furthermore, the platforms allow greater transparency by allowing users to view teams created by their competitors and disclosing the amount of money at the start of the game and also revealing the money to be won by different rank holders in a contest. This result in transparent competition between users. High transparency, fair playing policies and regulations along with secure payment gateways results in higher consumer confidence amongst the users of fantasy sports platforms.

The fantasy sports are often confused with illegal sports betting, though fantasy sports are predominantly skill-based. However, the fantasy sports always remains in legal scrutiny of various gambling laws across the countries. The legality of fantasy sports are often based on existing gaming laws and skill game laws. Though fantasy sports are legal; however, states in the U.S. such as Arizona, Hawaii, Alabama, Iowa, Idaho, Montana, Louisiana, Nevada and Washington State have banned one or more fantasy sports platforms such as DraftKings, Yahoo, FanDuel, Fantasy Draft and others. Furthermore, laws related to sports fantasy platforms are highly ambiguous in countries like Indonesia, Japan, Macau, Malaysia, Pakistan, Taiwan, and Vietnam. Absence of regulatory bodies along with ambiguous laws remains a major challenge for the engaged stakeholders in the sports fantasy industry.

The global fantasy sports market is being impacted profoundly amidst the outbreak of coronavirus. The outbreak that started in China has resulted in lockdown and ceasing of sports activities across the world. Furthermore, stringent social distancing norms, closures of sports complexes and public fear for contraction of coronavirus have negatively impacted the sports activities. Absence of major sports leagues have resulted in huge turmoil for the engaged stakeholders, however the disruption is expected to remain short. With sports activities and leagues such as IPL and French Open resuming and more sports leagues likely to take place in the upcoming months, the sports fantasy market is likely to bounce back in the upcoming months of last quarter.

Segment review

The fantasy sports market is segmented into sports type, platform, demographics and region. By sports type, the global market is classified into football, baseball, basketball, hockey, cricket, and others. By platform, it is bifurcated into website, and mobile application. By demographics, the market is divided into Under 25 Years, 25 to 40 Years and Above 40 Years. By region, the market is analyzed across North

Fantasy Sports Market
By Sports Type
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Cricket segment would exhibit the highest CAGR of 17.9% during 2021-2027.

By sports type, the global fantasy sports market is classified into football, baseball, basketball, hockey, cricket, and others. The football segment accounts for the major fantasy sports market share; however, the fantasy cricket segment is expected to grow with the highest CAGR during the analysis period owing to growing popularity of the sports especially in the Asia-Pacific region. 

Fantasy Sports Market
By Platform
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Mobile Application segment would exhibit the highest CAGR of 14.8% during 2020-2027.

By platform, the global fantasy sports market is bifurcated into website, and mobile application. The mobile application segment leads in terms of market share and is expected to gain more market share in the upcoming years.

Fantasy Sports Market
By Demographics
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Under 25 Years segment would exhibit the highest CAGR of 15.9% during 2020-2027.

By demographics, the fantasy sports market is divided into under 25 years, 25 to 40 years and above 40 years. The 25 to 40 years segment leads in terms of market share; however, the under 25 years segment is expected to grow with higher CAGR during the forecast period.

Fantasy Sports Market
By Region
2027
North America 
Europe
Rest of World

Rest of World would exhibit the highest CAGR of 18.2% during 2021-2027.

The report focuses on the fantasy sports market growth prospects, restraints, and opportunities of the global market. The market is evaluated based on the user expenditure on fantasy sports platforms. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the fantasy sports industry. 

Some of the key players profiled in fantasy sports market analysis are Dream Sports, DraftKings Inc., fantacalcio, Fanduel (Flutter Entertainment), Rotoworld, FantasyPros, Rotowire, Fantrax, Sportech Inc., and NFL Fantasy.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging fantasy sports market trends and opportunities.
  • The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing fantasy sports market opportunities in the market.
  • The fantasy sports market forecast is offered along with information related to key drivers, restraints, and opportunities.
  • The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

Fantasy Sports Market Report Highlights

Aspects Details
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By SPORTS TYPE
  • FOOTBALL
  • BASEBALL
  • BASKET BALL
  • HOCKEY
  • CRICKET
  • OTHERS
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By PLATFORM
  • Website
  • Mobile Application
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By DEMOGRAPHICS
  • UNDER 25 YEARS
  • 25 - 40 YEARS
  • ABOVE 40 YEARS
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By Region
  • NORTH AMERICA  (US, CANADA, MEXICO)
  • EUROPE  (UK, GERMANY, RUSSIA, REST OF EUROPE)
  • REST OF WORLD  (INDIA, AUSTRALIA, BRAZIL, AFRICA, OTHER COUNTRIES)
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Key Market Players

NFL ENTERPRISES LLC, DRAFTKINGS INC, ROTO SPORTS, INC, FANDUEL, ROTOWORLD (COMCAST CORPORATION), DREAM SPORTS, FANTASYPROS (MARZEN MEDIA LLC), FANTRAX, GOOD GAMER CORPORATION, SPORTECH INC

Analyst Review

Sports have undergone a massive digital disruption as a result fantasy sports platforms have gained a huge traction in the last two decades. Fanduel, Draftkings, and Dream 11 have emerged as the leading players in the industry with millions of players using their platforms. Furthermore, fantasy sports has positively impacted the value of television rights contracts, particularly for the American sports, as it has boosted advertising and television viewership. However, the coronavirus pandemic has profoundly impacted the thriving market across the world. With limited number of real sports being played, engaged stakeholders in the industry are betting on quizzes along with expanding sports portfolio in order to sustain in the highly competitive market. Nevertheless, the industry will continue to flourish post the COVID-19 pandemic. Furthermore, advancements toward legalizing and regulations of the sports fantasy platforms across the continents will further provide impetus to the growing market.

               

Author Name(s) : Himanshu Vig | Roshan Deshmukh
Frequently Asked Questions?

The fantasy sports market size was valued at $18.6 billion in 2019.

The forecast period in the global fantasy sports market report is from 2021 to 2027.

The base year used for calculation in the global fantasy sports market report is 2019.

Some of the leading players in fantasy sports market are Dream Sports, DraftKings Inc., fantacalcio, Fanduel (Flutter Entertainment), Rotoworld, FantasyPros, Rotowire, Fantrax, Sportech Inc., and NFL Fantasy.

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The fantasy cricket is the most influencing segment in the global fantasy sports market report.

The fantasy football segment holds the maximum market share in the global fantasy sports market.

The company profile has been selected based on revenues, geographical presence, market penetration and product offerings

The fantasy sports market size is expected to reach $48.6 billion by the end of 2027.

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Fantasy Sports Market

Global Opportunity Analysis and Industry Forecast, 2021-2027