Fantasy Sports Market to be Worth $56.36 Billion by 2030: Grand View Research, Inc.

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19 Jun, 2023, 10:00 GMT

SAN FRANCISCO, June 19, 2023 /PRNewswire/ -- The global fantasy sports market size is estimated to reach USD 56.36 billion by 2030, registering a CAGR of 14.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The demand for fantasy sports is gaining momentum due to improving internet connectivity and increasing smartphone ownership, which helps in user gain. In fantasy sports, users can make virtual teams, which comprise proxies of real players from any professional sports. These teams compete based on the player's actual performance, which aids the service provider's analytical servers to predict the users' winning and losing.

Key Industry Insights & Findings from the report:

The team sports segment held the largest revenue share in 2022 in the global market for fantasy sports, owing to the worldwide popularity of major team sporting events such as the FIFA World Cup, Cricket World Cup, etc. Predictions are made about which teams have greater odds of winning, and users are aware of these sports' playing regulations, playing terms, and analysis.
Based on sports type, football accounted for the largest market share in 2022 due to the widespread popularity of fantasy football, along with the highly addictive nature of the platform and the ease of managing one's own team.
The application-based platform segment is likely to expand at the fastest CAGR over the forecast period. Fantasy sports applications can be accessed from anywhere and allow users to participate in fantasy tournaments.
The European market is attaining moderate growth due to the presence of several major leagues, run by large corporations such as Barclays, Hublot, and Nike, which has helped in popularizing the concept of fantasy sports in the region.

Read 140-page market research report, "Fantasy Sports Market Size, Share & Trends Analysis Report By Sports, By Sports Type, By Platform, By Gameplay, By Device, By Demographics, By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Fantasy Sports Market Growth & Trends

Fantasy sports operators are looking for opportunities to enhance their relationships and contribution to the sporting industry. Establishing digital footprints help the operator to create future-ready jobs in artificial intelligence, machine learning, and analytics, which allows them to contribute to the expansion of the sporting industry. Operators are also providing extensive funding for sports infrastructure, supporting the adoption of regional sports, and increasing the viewership of regional sports leagues and tournaments.

This enormous growth in the market has generated curiosity and interest among the media, resulting in various YouTube channels, vlogs, TV shows, newspaper columns, blogs, and forums on which experts analyze player and team performance and predict upcoming trends. Key players are acquiring enormous market shares and a higher user base. The industry also provides opportunities for newer companies to grow in the market owing to its vast potential.

North America is the highest revenue contributor for fantasy sports operators due to the availability of the latest technologies such as blockchain and artificial intelligence, which provide a more immersive experience and drives popularity in the region. Asia Pacific is witnessing exponential market growth due to the spike in the user base in economies such as India. The country is one of the key emerging markets, as the craze for cricket and football, along with various leagues such as IPL, ISL, and others, provide a helping hand to the expansion of the market in India as well as the region.

Fantasy Sports Market Segmentation

Grand View Research has segmented the global fantasy sports market based on sports, sports type, platform, gameplay, device, demographic, and region

Fantasy Sports Market - Outlook (Revenue, USD Billion, 2018 - 2030)

Individual Sports
Partner Sports

Team Sports
Invasion Game
Net Games
Fielding & Striking Games
Target Games

Extreme Sports

Fantasy Sports Market - Type Outlook (Revenue, USD Billion, 2018 - 2030)

American Football (Rugby)
Baseball
Basketball
Car Racing
Cricket
Football/Soccer
Others (MMA, Boxing, Golf, eSports, etc.)

Fantasy Sports Market - Platform Outlook (Revenue, USD Billion, 2018 - 2030)

Web-based
Application-based

Fantasy Sports Market - Gameplay Outlook (Revenue, USD Billion, 2018 - 2030)

Individual Competition
Team Competition

Fantasy Sports Market - Device Outlook (Revenue, USD Billion, 2018 - 2030)

Smartphones
Computer
Others

Fantasy Sports Market - Demographics Outlook (Revenue, USD Billion, 2018 - 2030)

Under 25 Years
25 to 40 Years
Above 40 Years

Fantasy Sports Market - Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

U.S.
Canada

Europe

Germany
UK
France
Italy

Asia Pacific

China
Japan
India
South Korea

Latin America

Brazil
Mexico

Middle East and Africa

UAE
Saudi Arabia
South Africa

List of Key Players in the Fantasy Sports Market

Dream Sports Group
CBS Sports Digital
RealTime Fantasy Sports Inc.
Flutter Entertainment plc
Vauntek Inc. (Fantrax)
DraftKings
Pure Win (Sweetspot N.V.)
FanDuel
FantasyPros.com
MY11CIRCLE
FANTACALCIO (Quandronica Srl)
RotoWire (GDC Media Limited)
NBC Sports Edge (NBC Sports Group)
MyFantasyLeague (Sideline Software Inc.)
Office Football Pool (OFP Hosting Inc.)

Check out more market research studies published by Grand View Research:

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Sports Betting Market - The global sports betting market size is estimated to reach USD 182.12 billion by 2030, registering a CAGR of 10.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. This growth of the market is driven by the proliferation of internet infrastructure and evolving regulatory landscape of the entire gambling industry across the world. In addition, the increase in the number of sports events and leagues worldwide such as the NFL, FIFA World Cup, Carabao Cup, and UEFA Europa League has positively influenced the growth of the market. Furthermore, an increase in disposable income and the rising usage of AI and blockchain technologies to improve the prediction algorithms in betting software are likely to boost the growth of the market during the forecast period.
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Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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