Fantasy Sports Market to be worth US$ 66.4 billion by 2030

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Market Research Report
EXCLUSIVE EDITION
Global Fantasy Sports Market to be worth US
66.4 billion by 2030
Global Industry Analysis, Forecast and Trends,
2022-2030
Slalsville Consulling Píivale
Limiled www.maíkelslalsville.com
sales_at_maíkelslalsville.com 1 [phone]
91-702-496-8807
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Fantasy Sports Market
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Fantasy Sports Market to be worth US 66.4
billion by 2030
Fantasy Sports Market by Sports Type (Baseball,
Hockey, Basket Ball, Football, Cricket, and
Others), by Platform (Mobile Application and
Website), by Age Group (Under 25 Years, 25 to 40
Years, and Above 40 Years), by Usage Type (Free
and Paid), By Gaming Mode, by Region Global
Share and Forecast to 2030 Description The
global fantasy sports market is expected to grow
from USD 22.5 million in 2021 to USD 66.4 billion
by 2030, at a CAGR of 14.5 from 2022 to 2030.
Fantasy sports are online gaming platforms where
participants manage and draft virtual teams of
real professional sports players. Participants
compete against the fantasy teams of each other
people over an entire sports league or season.
The user that scores maximum points wins money
based on the performance of the real professional
sports players. Players operating in the fantasy
sports market offer complete transparency to
customers regarding their monetary transactions.
All financial transactions on sports fantasy
platforms are secured with verified payment
gateways, thus building greater confidence among
users. Also, the platforms allow greater
transparency by allowing users to view teams
created by their competitors, disclosing the
amount of money at the start of the game, and
revealing the money to be won by different rank
holders in a contest. This results in transparent
competition between users. High transparency,
fair playing policies, regulations, and secure
payment gateways result in higher consumer
confidence amongst the users of fantasy sports
platforms.
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Fantasy sports are often confused with illegal
sports betting, though fantasy sports are
predominantly skill-based. However, fantasy
sports always remain in legal scrutiny of various
gambling laws across the countries. The legality
of fantasy sports is often based on existing
gaming laws and skill game laws. Though fantasy
sports are legal however, states in the U.S.
such as Hawaii, Alabama, Arizona, Idaho, Montana,
Louisiana, Iowa, Nevada, and Washington State
have banned one or more fantasy sports platforms
such as Yahoo, FanDuel, Fantasy Draft,
DraftKings, and others. Furthermore, laws related
to sports fantasy platforms are highly ambiguous
in countries like Japan, Macau, Malaysia,
Pakistan, Indonesia, Taiwan, and Vietnam. The
absence of regulatory bodies and ambiguous laws
remains a major challenge for the engaged
stakeholders in the sports fantasy industry.
Moreover, with the sports activities and leagues
such as IPL 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 the last quarter. Request
Sample Copy of this Report https//www.marketstat
sville.com/request-sample/fantasy-
sports-market COVID-19 Impact on the Global
Fantasy Sports Market The global fantasy sports
market is being impacted profoundly amidst
coronavirus outbreaks. The outbreak in China has
resulted in the lockdown and ceasing of sports
activities worldwide. Furthermore, closures of
sports complexes, stringent social distancing
norms, and public fear for contraction of
coronavirus have negatively impacted sports
activities. The absence of major sports leagues
has resulted in huge turmoil for the engaged
stakeholders however, the disruption is expected
to remain short.
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Global Fantasy Sports Market Dynamics Drivers
Digital Infrastructure in the Developing
Region India's number of internet subscribers is
estimated to reach 639 million by the end of
December 2020 from 560 million in September
2018. Also, average data usage per subscriber has
increased significantly due to affordable
smartphones' availability coupled with rapidly
falling data prices across the country. This
growth in digital infrastructure and the
availability of high-speed internet at affordable
prices helps in driving the growth of the
fantasy sports market in the region. Restraints
Lack of Awareness About Fantasy Sports
Platforms The lack of awareness around the larger
context and definition of e-sports amongst the
wider online gaming populace remains a concern
for fantasy sports. While attempting to uncover
this understanding from our dipstick survey of
336 fantasy sports users, it was found that
nearly 55 of the respondents had an incorrect
understanding of e-sports, associating it
exclusively with sports-based games. A further
22 of respondents were completely unaware of
what e-sports constitutes. Fostering a clearer
understanding of the e-sports segment would be
crucial for the industry to harness the segments
true potential. Opportunities Rising Popularity
of Sports Leagues The emergence of various sports
leagues such as the Indian Premier League (IPL)
and National Football League (NFL) increases the
demand for innovative technological engagements.
This is invigorating the market for fantasy
sports as it is a crucial tool of active fan
engagement, and it is increasingly deployed in
various sports. Furthermore, improving internet
connectivity and increasing smartphone ownerships
are anticipated to surge the number of users and
positively impact the industry growth.
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• Scope of the Fantasy Sports
• The study categorizes the fantasy sports market
  based on sports type, platform, age group, usage
  type, and gaming mode at the regional and global
  levels.
• Direct Purchase Report https//www.marketstatsvil
  le.com/buy-now/fantasy-sports-market?opt2950 By
  Sports Type Outlook (Sales, USD Million,
  2017-2030)
• Baseball
• Hockey
• Basket Ball
• Football
• Cricket
• Others
• By Platform Outlook (Sales, USD Million,
  2017-2030)
• Mobile Application
• Website
• By Age Group (Sales, USD Million, 2017-2030)
• Under 25 Years
• 25 to 40 Years
• Above 40 Years
• By Usage Type Outlook (Sales, USD Million,
  2017-2030)
• Free
• Paid

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• By Region Outlook (Sales, USD Million, 2017-2030)
• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru,
  Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain,
  Poland, Russia, Slovenia, Slovakia, Hungary,
  Czech
• Republic, Belgium, the Netherlands, Norway,
  Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea,
  Indonesia, Malaysia, Thailand, Vietnam, Myanmar,
  Cambodia, the Philippines, Singapore, Australia
  New Zealand, Rest of Asia Pacific)
• The Middle East Africa (Saudi Arabia, UAE,
  South Africa, Northern Africa, Rest of MEA)
• Access full Report Description, TOC, Table of
  Figure, Chart,
• etc https//www.marketstatsville.com/table-of-con
  tent/fantasy-sports-market
• The mobile application segment is accounted for
  the largest market share

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The global fantasy sports market is segmented as
website and mobile applications based on the
platform. In 2021, the mobile segment accounted
for the largest market share. And it is estimated
to gain more market share in the upcoming years
during the forecast period. Asia Pacific accounts
for the highest CAGR during the forecast
period Based on the regions, the global fantasy
sports market has been segmented across North
America, Asia-Pacific, Europe, South America,
and the Middle East Africa. Worldwide, Asia
Pacific is estimated to hold the highest CAGR in
the global fantasy sports market during the
forecast period. The region includes the
countries such as China, India, Japan, Australia,
South Korea, Southeast Asia, and the Rest of
Asia-Pacific. The region's growth is primarily
due to strong economic growth in the domestic
emerging countries such as China, Indonesia,
India, and Malaysia. Request For Report
Description https//www.marketstatsville.com/fant
asy-sports-market
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