Fantasy Sports Market Value - By Type (Cricket, Football, Baseball, Basketball, Car Racing), By Platform (Mobile Application, Website), By Demographics (Under 25 Years, Between 25 and 40 Years, and Above 40 Years), By Application (Individual Competition and Team Competition), By Region, Industry Analysis, Size, Share & Forecast, 2023 – 2032

  • ID: 430 |  
  • Published date: July, 2023  |  
  • Report Format: PDF

Recent update: Our research team is keeping a close eye on the potential impact of COVID-19 and other global crises on various industries worldwide, allowing us to stay ahead of the competition.

MVI Statistics and Viewpoints:

  • Fantasy Sports Market size exceeded USD 23.5 Billion in 2022.
  • The market is projected to expand at 13.6% CAGR from 2023 to 2032. 
  • By the end of the forecast period, the market is expected to reach USD 81.4 Billion.

Several companies and manufacturers are focusing on the global market, providing platforms, technologies, and services to the industry. Manufacturers play a critical role in providing participants around the world with engaging and user-friendly fantasy sports experiences. 

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Market Overview:

The global fantasy sports market is an industry centered on online platforms and applications that allow participants to build virtual teams of real players from various sports leagues. Fantasy sports players compete in a simulated competition, earning points based on the real-life performance of the players they have chosen. Football (soccer), American football, basketball, baseball, cricket, and other sports are included in the market. 

The growing availability of internet access, technological advancements, and a growing fan base for various sports have all contributed to the rise in popularity of fantasy sports in recent years. Fantasy sports platforms offer a distinct interactive experience, allowing participants to demonstrate their managerial abilities, compete with friends or other users, and make strategic decisions about team composition, player transfers, and game strategies.

Platform operators, sports leagues, media companies, and technology providers are key players in the global market. These organizations work together to provide a unified user experience, real-time scoring, and access to a massive database of player statistics and information.

Fantasy Sports Market Value Insights

Report Coverage


Base Year


Market Size in 2022

USD 23.5 Billion

Forecast Period

2023 to 2032

CAGR (2023 to 2032)


Forecast Year Value, 2032

USD 81.4 Billion

Historical Data for

2019 to 2022

Segment Covered

Type, Platform, Demographics, Application, Region

Companies Covered

  • MY11Circle
  • MyFantasyLeague (Sideline Software Inc.)
  • CBS Sports Digital
  • Pure Win (Sweetspot N.V.)
  • and more.


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Growth Drivers:

  • Increasing Sports Fan base: The global passion for sports continues to grow, with millions of fans following various sports leagues and competitions around the world. Fantasy sports offer fans an interactive and engaging way to further immerse themselves in their favorite sports. Participants can develop a stronger bond with the games, players, and teams, which improves their overall sports fandom experience.
  • Social Media's Impact on the Market: Fantasy sports vendors' promotional activities on social media attract a large customer base, which is expected to drive the global fantasy sports market in the future. Social media also aids in customer engagement by allowing vendors to hold contests, offer advice, and embrace the current trend in fantasy sports.


  • Competition from Illegal or Unregulated Platforms: The global market is being challenged by illegal or unregulated platforms that operate outside of the scope of laws and regulations. These platforms may not follow fair play practices or provide adequate consumer protection measures, leading to participants to be concerned. The presence of such platforms can erode credibility and trust in the fantasy sports industry as an entire field.

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By Type Synopsys:                      

The market is classified by type into cricket, football, baseball, basketball, car racing, and others. Among these segments, the football segment is expected to hold the largest share of the global fantasy sports market during the forecast period. While cricket fantasy sports are popular in countries such as India, the overall global market is dominated by football (soccer) fantasy sports due to their immense global popularity and fan base. Football fantasy sports are popular across continents and attract a large number of participants, making it the market leader in terms of market share.

By Demographics Synopsys:    

The global market is classified by demographics into under 25 years, between 25 and 40 years, and above 40 years. Among these segments, the 25 and 40 years segment is expected to grow at the fastest CAGR in the Global Fantasy Sports Market over the projected period. The expansion can be attributed to a combination of strong sports interest, financial stability, and the ability to invest time and resources in fantasy sports activities. 

By Application Synopsys:    

The global market is classified by application into individual competition and team competition. Among these segments, the team competition segment is anticipated to account for the largest market share during the forecast period. Team competition formats have a larger share due to their popularity in major sports such as football, basketball, and cricket, which have massive fan bases worldwide.

Regional Overview:

North America is estimated to hold the largest share of the global fantasy sports industry during the projected period. North America, particularly the United States, has one of the largest and most developed fantasy sports markets. Sports such as American football, basketball, baseball, and ice hockey have a strong following in the region. In North America, fantasy sports have deep roots, with dedicated platforms, leagues, and an immense participant base. Because of its established leagues, media coverage, and widespread adoption among sports enthusiasts, the United States has seen significant growth in fantasy sports. 

Europe has a significant market for fantasy sports, with an increasing participant base. Football (soccer) is a major driver of fantasy sports engagement in the region, with a diverse range of sports preferences. Countries with robust fantasy sports ecosystems, including leagues, platforms, and competitions, include the United Kingdom, Germany, Spain, and Italy. Other sports, such as cricket in the United Kingdom and basketball in countries such as Spain, also contribute to the regional market.

The Asia Pacific region is seeing an increase in fantasy sports participation, owing to the growing popularity of sports such as cricket, football, basketball, and others. India, Australia, and China have emerged as key markets for fantasy sports, with a large number of participants and dedicated platforms catering to the region. Growing internet penetration, smartphone usage, and the impact of major sporting events all contribute to the market's growth in Asia Pacific.

Recent Development:

  • In March 2023, DraftKings Inc. revealed plans for launching its renowned online sportsbook in Massachusetts, pending licensing and regulatory approval. DraftKings, headquartered in Boston, will make Massachusetts the 21st state to offer an online sportsbook. DraftKings will offer attractive and exclusive bonuses to Massachusetts residents in addition to providing access to various bet types such as same-game parlays, player props, unique odds, boost options, and more.
  • In January 2023, FanDuel launched its mobile sports betting sportsbook in Ohio. They also declared the opening of their retail sportsbook at Cincinnati's Belterra Park. This launch will likely help the company in providing its Ohio users with the best betting experience possible.

Top Companies Includes In The Fantasy Sports Market:

  • MY11Circle
  • MyFantasyLeague (Sideline Software Inc.)
  • CBS Sports Digital
  • Pure Win (Sweetspot N.V.)
  • Dream Sports Group
  • Realtime Fantasy Sports Inc.
  • Flutter Entertainment plc
  • Vauntek Inc. (Fantrax)
  • DraftKings
  • FanDuel
  • FANTACALCIO (Quandronica Srl)
  • RotoWire (GDC Media Limited)
  • NBC Sports Edge (NBC Sports Group)
  • Office Football Pool (OFP Hosting Inc.)
  • Others

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In-depth analysis of fantasy sports market along with industry coverage and forecasting for the following segments:

Market Size, By Type

  • Cricket
  • Football
  • Baseball
  • Basketball
  • Car Racing
  • Others

Market Size, By Platform

  • Mobile Application
  • Website

Market Size, By Demographics

  • Under 25 Years
  • Between 25 and 40 Years
  • Above 40 Years

Market Size, By Application

  • Individual Competition
  • Team Competition

Frequently Asked Questions (FAQ):

Publisher: Market Value Insights


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