Fantasy Sports Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 Fantasy sports provide a highly engaging and interactive experience for sports fans. By participating in fantasy sports, fans become more invested in the outcomes of real-life sporting events. It adds a layer of excitement and competition, allowing fans to showcase their knowledge, skills, and strategic abilities. The desire for deeper engagement and the sense of being a part of the game drive participation in the fantasy sports market.

As per the Fantasy Sports & Gaming Association (FSGA) statistics, the number of fantasy sports participants in the United States increased from 42 million in 2015 to 50.4 million in 2022. The overall number of fantasy sports participants in North America reached 62.5 million in 2022, indicating that slightly over 80% of all participants were based in the United States. Such a significant size of fantasy sports players might considerably contribute to the market growth.

Moreover, fantasy football or soccer is one of the most popular sports, just like the real game, with thousands of leagues to compete in. According to FIFA, football, or soccer as it is more often known in the United States, has over 5 billion fans worldwide. Some major football leagues include Premier League, La Liga, the Bundesliga, MLS, Serie A, Ligue 1, etc.

Fantasy soccer has various equivalent formats played worldwide with over nine million participants. Entrepreneurs are offering these sports platforms from multiple locations to appease the growing demand from fans for virtual versions of their preferred sports. Such significant engagement of football fans would significantly drive the market growth. 

The Fantasy Sports Market size is expected to grow from USD 26.98 billion in 2023 to USD 49.53 billion by 2028, at a CAGR of 12.92% during the forecast period (2023-2028). The increasing popularity of players, the emergence of sports leagues, growing investment in digital and internet infrastructure, and the launch of fantasy sports applications as other means to connect with their favorite sports are some factors driving the market's growth. 

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