Fantasy Sports Market
From just 15.2 million players in 2003, fantasy sports cater to more than 59.3 million players in the North America market alone, as of 2015. This is a 290% increase in a little more than a decade. Of the 59.3 million players, it is estimated that 66% of them engage with the sport of football.
Meanwhile, according to Allied Market Research, in 2019, the global fantasy sports market was valued at $18.6 billion. At the end of the 2021-27 period, this figure is expected to reach $48.6 billion at a CAGR of 13.9%. 2
In terms of platform wise segmentation, the mobile application outperforms website-based platforms. During the 2020-27 period, the mobile segment is expected to grow even bigger as it will continue to enjoy a double-digit CAGR of 14.8% (refer to the image below).
If viewed according to demographics, then the fantasy sport market can be broken down into the following age groups:
- <25 years
- 25-40 years
- >40 years
Of the three, the 25-40 years segment holds a significant portion of the market currently and this trend is expected to remain the same in the near future. On the other hand, the <25 years segment will witness an exponential growth during this forecast period of 2019-2027, owing to a higher CAGR.