Fantasy Sports Market Growth, Size, Share, Trends, and Forecast 2032

According to the report published by Zion Market Research, the global Fantasy Sports Market size was valued at USD 31.73 Billion in 2023 and is predicted to reach USD 102.37 Billion by the end of 2032. The market is expected to grow with a CAGR of 13.90% during the forecast period. The report analyzes the global Fantasy Sports Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Fantasy Sports Market industry.

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Global Fantasy Sports Market: Overview

Fantasy sports and online gaming websites are where a user creates and manages a virtual team of real professional sports players. The users battle against each other’s fantasy teams in an entire sports season or a league. Users who win the maximum number of games and matches win real money on the basis of the performance of the real professional sports players in that particular sports season.

Global Fantasy Sports Market: Growth Factors

The rapidly transforming gaming industry is majorly affecting the utilization of fantasy sports websites and applications. With the implementation of fantasy chatbots, secured & safe payment gateways, user-friendly interface, and the ease during gameplay are, the expansion of the global fantasy sports market is certain. Moreover, the COVID-19 pandemic has had a favorable effect on the overall demand for fantasy sports due to the restrictions pertaining to social interaction. Sports can be pursued even in these challenging times through fantasy sports platforms without the need to step out of one’s house.

The growing popularity of platforms such as rotoworld.com, cricbuzz.com, playon.co, Fantasy Premier League, Fanduel, Draftday, and several others, the growth of the global fantasy sports industry size is taking wing. Smartphones have been penetrating every nook and corner of the world and with it the millenials tend to spend a significant amount of time on social media and online games. In an attempt to bridge the gap between sports and entertainment, several key industry players have been investing in new and emerging markets as they recognize the potential of this billion-dollar business endeavor.

Global Fantasy Sports Market: Segmentation

The global fantasy sports market has been divided by gender, sports, platform, demographics, and region.

By gender, the market is classified into male and female.

By sports, the global fantasy sports market has been categorized into soccer, football, baseball, basketball, hockey, cricket, golf, and others.

Based on platform, the market can be segregated into mobile application and website. Mobile application segment is ready to witness an exponential growth over the upcoming timeframe, thanks to their ability to enable players to play from anywhere, at any time, and from any device as per convenience.

On the basis of demographics, the global fantasy sports market has been segmented as under 25 years, 25 to 40 years, and above 40 years.

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Fantasy Sports Market : Report Scope

Global Fantasy Sports Market: Regional Analysis

North America accounts for the largest share of the global fantasy sports market and will further provide greater opportunities for development in the forthcoming times. The surging number of popular sports players, the strong development in the field of network connections & fast internet, and the growing popularity of football are the key factors affecting the expansion of the fantasy sports market in this region. Additionally, the growing disposable incomes of the people, inclination towards online games & online betting, partnerships between major sports players or leagues & the fantasy sports platform, the attractiveness of the fantasy sports prizes, and the increase in the aggregate amount of jackpots are the growth factors further impacting the regional market for fantasy sports in a positive manner.

The fantasy sports market in Asia Pacific is projected to develop rapidly due to the emerging sports leagues and growing popularity of sports among the youth. Fantasy sports are set to become the next big thing across the region as India, Indonesia, and China have been exhibiting high acceptance for these websites. In Indonesia, basketball, football, and badminton are gaining escalated popularity. Due to the shortage of local DFS websites in Indonesia, gamers are resorting to other DFS platforms. The global fantasy sports market is likely to receive a major contribution in terms of revenue from Asia Pacific due to the absence of stringent regulatory policies in countries including Japan, Taiwan, India, Malaysia, China, Vietnam, Pakistan, Macau, and Indonesia. A staggering percentage of nearly 60% of the global population resides in Asia Pacific. All these factors are expected to emerge as growth enablers for the global fantasy sports market.

Global Fantasy Sports Market: Competitive Players

Some of the leading companies operating in the global fantasy sports market are gaining momentum by advertising and promoting their platforms, and undertaking activities such as partnerships, expansions, and development of their platforms. For example, the well-known platforms including Halaplay, Dream11, Fantain, and Draftkings 11Wickets have partnered with the official sports leagues and are their fantasy sports game partner.

The Global Fantasy Sports Market is segmented as follows:

Gender 

• male  
• female 

By Sports 

• soccer 
• football 
• baseball
• basketball
• hockey
• cricket 
• golf 
• and others 

By Platform 

• mobile application 
• website 

By Demographics 

• under 25 years 
• 25 to 40 years
• above 40 years

Global Fantasy Sports Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.