Global Daily Fantasy Sports
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Daily Fantasy Sports market size was USD 5,992.74 Million in 2017 and it is forecasted to reach USD 14,875.92 Million by 2029. Daily Fantasy Sports Industry's Compound Annual Growth Rate will be 8.95% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Daily Fantasy Sports market size was USD 5,992.74 Million in 2017 and it is forecasted to reach USD 14,875.92 Million by 2029. Daily Fantasy Sports Industry's Compound Annual Growth Rate will be 8.95% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Daily Fantasy Sports Market Sales Revenue 2017 | $ 5992.74 Million |
Global Daily Fantasy Sports Market Sales Revenue 2029 | $ 14875.9 Million |
Global Daily Fantasy Sports Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.95% |
Market Split by Sports Type |
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Market Split by Platform |
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Market Split by Age Group |
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Market Split by Gender |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Daily Fantasy Sports Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Daily fantasy sports are a subset of fantasy sports betting in which teams are selected, bet on, and awards are awarded on a much shorter time scale. Participants compete in tournaments through online platforms, where they can assemble a team of athletes for a certain league and receive prize money depending on the athletes' real-world performance.
Daily fantasy sports are centered on significantly shorter periods, such as a single day or athletic event. It is often played online against a random pool of rivals. There's also the matter of money, since these sites and apps may attract hundreds of thousands of competitors, each of whom pays a few dollars to compete, with the winner potentially collecting millions of dollars in awards.
These daily fantasy sports provide a variety of activities for both men and women, including football, soccer, basketball, baseball, hockey, golf, cricket, and many others. Several game creators categorize their target players by age, such as under 25 years, 25 - 40 years, and above 40 years, by creating either websites or mobile applications.
Nowadays, with expanding knowledge, disposable cash, and increased use of smart devices, the demand for daily fantasy sports is increasing
Over the last few years, there is a rapid increase in smart device adoption and internet penetration. Smart devices offer flexibility to customers on a smartphone, laptop, desktop, or tablet. With these devices, users are simply able to access several daily fantasy sports apps and websites.
According to a study, the number of unique mobile internet users in 2020 was 4.28 billion, and more than 90% of the worldwide internet population has access to the internet through a mobile device. Until March 2021, the internet penetration rate in Asia was at 62%, 88% in Europe, and 90% in North America.
Similarly, according to the study, the current global smartphone user population is 6.648 billion, which indicates that 83.72 percent of the world’s population possesses a smartphone. This statistic has increased significantly from 2016, when there were just 3.668 billion users, accounting for 49.40 percent of the world’s population at the time.
Furthermore, the usage of tablets, laptops, and desktops is also raising. According to the Australian Bureau of Statistics, desktop or laptop computers are used by 91% of connected households.
As technology advances, various organizations are releasing numerous daily fantasy games that can play online. This enables several people to entertain themselves as well as to earn money. In this app or website, users can play a wide range of fantasy games, including cricket, hockey, football, basketball, and kabaddi. This promotes market expansion.
According to data shared by Indian Super League (ISL) its fantasy football players hail from India, Nepal, Bangladesh, and the UK, with 86% of the traffic coming from mobile phones. As a result, the growing adoption of smart devices coupled with rising internet connectivity drives the growth of the daily fantasy sports market.
As online gaming and associated activities gain traction, the online fantasy sports market is expected to see a considerable increase in income. The popularity of fantasy games has surged with the introduction of various applications and websites. Daily fantasy games, in particular, are gaining popularity, and many individuals are drawn to them. This increases the popularity of daily fantasy sports.
Daily fantasy games are a popular type of online fantasy gaming in which users pay an entrance fee to compete for cash rewards based on the performance of professional athletes whom users choose and then track in their respective professional sports events.
People are drawn to daily fantasy games for a variety of reasons. The primary reason for this is that players can win real money. According to data, one-third (34%) of urban Indians have played online fantasy sports for money in June 2021. There is real money on the line, and anybody has a chance to win. Some players even make a full-time career by joining competitions. It's difficult to say how much profit the top fantasy sports players make, but there's evidence that they might be earning at least $10,000 every week.
As a result, many players want to participate in daily fantasy games. According to the Fantasy Sports and Gaming Association, approximately 59 million individuals in the United States and Canada participate in fantasy sports. It also claims that 20 million individuals in India play fantasy games, with the amount expected to rise to 150 million by 2022. According to the Fantasy Sports Trade Association, the number of fantasy sports participants has increased from 500,000 in 1988 to 59.3 million in 2017, with the business being worth $7.22 billion (FSTA).
Similarly, key players are participating in a variety of measures to increase player numbers. For instance, to increase its appeal to women, Disney introduced a fantasy
league game for ABC's "Bachelorette" show in 2017. More than 700,000 individuals have played the two Bachelorette Fantasy League games thus far, with 75 percent of them being female.
Furthermore, each country has its sporting competitions that attract gamers. Many gamers enjoy playing these games since it allows them to both plays and makes money. For instance, Dream11 now supports more than 130 million active users and is production-ready to support up to 10 million concurrent users during peak hours.
As a result of this rising number of daily fantasy sports players, the market for daily fantasy sports is expanding.
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PlayUp Limited is a Australia based entertainment and technology group. It holds online betting licenses in multiple jurisdictions and currently operate in Australia, New Zealand, India and have recently launched in the USA. The company is offering online betting products including Fixed Odds Sports Betting, Fixed-Odds Racing (Horses and Greyhounds), Esports and Daily Fantasy Sports (DFS).
Platforms of the company are segmented into sportsbook, race book, fantasy sports and E-sports. Fantasy sports are offered under Draftstars brand., which has built a sports enthusiast community of over 300,000.
May 2022
Draftstars, Australia’s Daily Fantasy Sports platform owned by next-generation and entertainment group PlayUp, is once again celebrating the highly anticipated 2022 AFL Daily Fantasy Live Final competition, with a massive $500,000 prize pool.
April 2022
Reaffirming its bullish view on the U.S. iGaming sector, PlayUp announced an expansion to its market access footprint in Indiana that will allow the operator to offer a suite of iGaming products in the state subject to regulatory approvals.
Top Companies Market Share in Daily Fantasy Sports Industry: (In no particular order of Rank)
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Region and country analysis section of Daily Fantasy Sports Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Daily Fantasy Sports market.
The current report Scope analyzes Daily Fantasy Sports Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Daily Fantasy Sports Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Daily Fantasy Sports Industry growth. Daily Fantasy Sports market has been segmented with the help of its Sports Type, Platform Age Group, and others. Daily Fantasy Sports market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Football segment revenue will be USD 3,027.44 Million by 2029. Fantasy football is a game in which players create an imagined squad of real-life football players and score points based on their statistical performance or perceived influence on the field of play. Fantasy football games are typically centered on a single division in a certain country, however, there are exceptions. Fantasy football has grown in popularity as a result of websites dedicated to growing the Fantasy football community and betting sites holding their Fantasy football contests.
Soccer has been and will continue to be the world's most popular sport, and it was only a matter of time until daily fantasy sports services incorporated SOCCER as part of their offering. Its popularity is growing as a result of the introduction of fantasy soccer. It is a fantasy sports game that is mostly played by gamers who want to test their soccer expertise against other enthusiasts. Participants will join leagues and compete against other players for a predetermined buy-in price.
Fantasy basketball operates on the same fundamental principles as any other fantasy sport: teams of players from a particular league are formed and points are earned depending on their real-life performances. The points scored by players decide who wins and who loses on any given day, week, or season. Fantasy basketball might be easier to get into than other fantasy sports because fewer players are picked in normal formats than in other fantasy games.
Baseball fans were introduced to single-day fantasy games for real-money rewards when Daily Fantasy Sports (DFS) was founded. DFS baseball is already one of the most popular alternatives in the thriving market. DFS baseball allows fans to design their lineups with whatever players they choose as long as they stay within a total salary cap. As games go, points are counted and data are compiled on the field. The DFS team with the highest-scoring lineup takes first place.
Daily fantasy hockey (DFH) is the shorter-term equivalent of yearly fantasy hockey. Fantasy hockey leagues are typically available seven days a week on most websites. However, not every day is made equal. While sites run leagues seven days a week, they are pickier about when they hold huge tournaments. Large-scale events are often held on Tuesday and Thursday evenings. The increased number of games enables additional line-up options, which is ideal for large GPP events
Fantasy golf is one of the most alluring and rapidly expanding fantasy sports. Golf is one of the few individual sports that lend itself nicely to daily fantasy sports. Daily fantasy golf is simple since there are no positional constraints for lineups. There are around a hundred players to pick from, scoring plays are common, and the struggle for victory is frequently fierce. DFS golf is strongly dependent on interest in the sport itself, and the sport appears to be doing well right now.
Daily fantasy cricket is often played on online fantasy cricket websites. It is a virtual online cricket game in which players have the incredible possibility to form a team of 11 players. Fantasy cricket is quickly gaining traction across the globe. It is generally recognized as a skill game in which users fight against each other digitally, forming teams with real people. Players are granted points depending on their performance in a real-world match. Fantasy games help fans to acquire a deeper interest and involvement in the game beyond simply following the sport, increasing overall engagement.
Several other games such as kabaddi, auto racing, rugby, volleyball, handball, horse racing, sumo wrestling, and many others can be played virtually with the help of daily fantasy sports sites.
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The Website segment revenue will be USD 3,348.59 Million by 2029. There are currently various fantasy sports websites in the market. These websites provide a variety of games, or occasionally a single game, for which users must join up and play.
Several fantasy sports manufacturers provide unique mobile applications that allow gamers to participate in various fantasy games. These applications are frequently available on the Play Store, where gamers can simply get them.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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The Under 25 Years segment Revenue in Daily Fantasy Sports will be USD 2,884.59 Million by 2029.
Under 25-year-olds are frequently students with plenty of time on their hands regardless of study time. As a result, these children are involved in fantasy sports. Similarly, these individuals are more likely to use smart gadgets. As a result, the popularity of daily fantasy sports among those under the age of 25 is growing.
People aged 25 to 40 make up the majority of daily fantasy sports clients. The average age of a Fantasy Sports user is considered to be approximately 37 years. The most active fantasy sports users are between the ages of 25 and 40, who are willing to enter pay-to-play games owing to the cheap entry prices for each contest and have more spare cash for amusement
People over the age of 40 are less interested in fantasy sports. This age group is less focused on smart technology; hence fantasy sports are less popular among people with age over 40 years.
The Male segment Revenue in Daily Fantasy Sports is expected to reach USD 11,681.73 Million by 2029.
Several daily fantasy games are mostly played by men. Male gamers are frequently more drawn to mobile gaming than female gamers. As a result, some corporations design their marketing campaigns with male gamers in mind.
There are now fewer female gamers accessible in the world who participate in daily fantasy games. These females are either married with children or live in Tier 1 cities.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modeling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product positioning and will assist you to understand opportunities and threats around the globe.
The Global Daily Fantasy Sports Market is witnessing significant growth in the near future.
In 2023, the Football segment accounted for noticeable share of global Daily Fantasy Sports Market and is projected to experience significant growth in the near future.
The Website segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies DraftKings, FanDuel and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Sports Type | Football, Soccer, Basketball, Baseball, Hockey, Golf, Cricket, Others |
Platform | Website, Mobile Application |
Age Group | Under 25 Years, 25 - 40 Years, Above 40 Years |
Gender | Males, Females |
List of Competitors | DraftKings, CBS Corporation, FanDuel, PlayUp Limited, Yahoo Sports, ESPN, Rotoworld, Boom Sports, DraftStars, Others |
This chapter will help you gain GLOBAL Market Analysis of Daily Fantasy Sports. Further deep in this chapter, you will be able to review Global Daily Fantasy Sports Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Sports Type Analysis 2019 -2031, will provide market size split by Sports Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Sports Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Platform Analysis 2019 -2031
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Chapter 12 Market Split by Age Group Analysis 2019 -2031
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Chapter 13 Market Split by Gender Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Daily Fantasy Sports market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Football have a significant impact on Daily Fantasy Sports market? |
What are the key factors affecting the Football and Soccer of Daily Fantasy Sports Market? |
What is the CAGR/Growth Rate of Website during the forecast period? |
By type, which segment accounted for largest share of the global Daily Fantasy Sports Market? |
Which region is expected to dominate the global Daily Fantasy Sports Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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