Scope of Fantasy Sports Industry in the Year 2022-2023
Commencing from just 5,00,000 in 1988 to more than 56.8 million in Canada and USA alone, the count of fantasy sports users has grown tremendously in the past few years. Undoubtedly, fantasy sports is multi-million dollar and its entire ecosystem comprises aspects such as online playing, sponsorships, draft parties, merchandise, actual game tickets, brand marketing , etc. The biggest and most powerful influencers are the fantasy sports players who elevate the popularity of the real games counterparts. Backed by the on-going advancements in technologies, the fantasy sports industry is witnessed as one of the significant catalysts that can contribute in transforming the casual sports fans into the enthusiastic players. The popularity of fantasy sports is increasing tremendously and spinning the adrenaline rush of the fantasy sports fans. As per the prediction by analysts, the market of global fantasy sports is expected to grow at a CAGR of nearly 12% till 2022.
Overview of Fantasy Sports Market In the initial years, the industry of professional leagues used to stay quite conservative for fantasy sports activities. But in recent years, the view of industry has become more accepting and liberal. Previously, the advent of DFS leagues were dismissed by legal authorities as they felt that players get exploited in the form of assets through such activities. However, due to acceptance by the large populace, the way for different daily fantasy and pro league partnerships has been made by the professional leagues. The market size of