The Daily Fantasy Sports Market is segmented By Product (DFS (Daily Fantasy Sports), Skin Gambling, Loot Boxes, Others), By End User (Adults, Teens), By Revenue Generation (Entry Fee, Advertisements, Others) and By Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa)
The Daily Fantasy Sports Market was estimated at US$ XXX Million in 2022 and is expected to reach US$ XXX Million by the end of 2032 with a CAGR XX% of during the forecast period.
Daily Fantasy Sports (DFS) are a type of fantasy sports game where competitions are held over a short period of time, such as a few days or hours, rather than a full season. Players assemble teams from a pool of professional athletes, just like in traditional fantasy sports betting, and score points based on how well each member of their squad performs individually, can place bets and make money by competing against other gamers on online platforms. Participants take part in online competitions that give them the chance to assemble a squad of athletes for a certain league and compete for prizes based on how well those athletes perform in the real world. It takes skill to pick the appropriate squad in daily fantasy sports.
Partnerships with DFS Leagues to Augment Market Growth
Major League Baseball and the National Football League have been big supporters of daily fantasy almost from the start. Traditional sports betting has not been widely accepted by either league, particularly the NFL. However, by offering monetized daily fantasy games on their own websites, both actually assisted in promoting daily fantasy sports to their fans. Professional sports leagues ranging from NASCAR to the NBA have actively endorsed fantasy sports (and have, in effect, endorsed monetizing the outcomes of sporting events) rather than opposing DFS as they had done with traditional sports betting. DraftKings is currently the NFL and MLBs exclusive daily fantasy sports partner, and they have also partnered with the PGA Tour. FanDuel, in the meantime, has a long-term sponsorship concurrence with the Reproducers Cup for horse racing. The main association that doesnt effectively support everyday dreams is the NCAA. Under the threat of being ineligible to participate in NCAA-sanctioned athletics for a full year, student-athletes are prohibited from registering as participants in any paid fantasy game. Additionally, the league has advocated for the prohibition of DFS service advertisements during NCAA tournament broadcasts.
Fanduel and DraftKings Dominating the Daily Fantasy Sports Market
Fanduel is still one of the most widely used daily fantasy sports apps today. It was the first daily fantasy sports app. Fanduels fantasy football scoring system is different from DraftKings and the standard PPR Formats 1 full-point scoring system. DraftKings is the "fresher" of the big enchiladas, however for certain still truly an outstanding and most famous everyday dream sports application. Fanduels prize pool for DFS contests is slightly lower than DraftKings. DraftKings also uses the PPR format, which is popular in fantasy football, as opposed to Fanduels 0.5-point system.
Social Medias Impact on the Daily Fantasy Sports Market
The global daily fantasy sports market is anticipated to grow in the future as a result of promotional efforts fantasy sports suppliers engage in on social media. Social media platforms such as Facebook, WhatsApp, etc also aid in client interaction, as seen in the contests, advice, and adoption of the daily fantasy sports fad by businesses.
Innovation in Daily Fantasy Sports to Support Market Growth
The development of the next-generation gaming experience will be enhanced in the cloud, so the ultimate fantasy gaming experience will require a cloud platform. In addition, the daily fantasy sports and in-game gambling market is likely to expand as a result of increased use of edge computing, 5G, the Internet of Things (IoT), and real-time analytics made possible by AI and ML. The increased use of online sports games and in-game gambling, as well as improved internet connectivity, are some of the factors that have contributed to the markets expansion. Additionally, developers are concerned about the initial implementation and upkeep costs associated with on-premises data hosting. The current contest and worldwide financial circumstances have sped up the reception of savvy measures to rebuild plans of action. Several additional factors have contributed to the popularity of daily fantasy sports and in-game gambling, including the growing trend among businesses to implement digital transformation and improve the customer experience. In any case, information security in regard to installments is a vital restriction for the development of day-to-day dream sports and the in-game betting business sector. The combination of key players technical expertise and new players’ novel product techniques ensures the launch of new products with enhanced functionalities.
North America Witness an Uproar in the Daily Fantasy Sports Market
North America dominates the Daily Fantasy Sports market because of rising future economic growth, an increase in internet-accessible technologies, as well as sports sponsorships, collaborations, acquisitions, and inventions will all contribute to the industrys considerable expansion. For instance, the National Football League (NFL) and DraftKings Inc., a pioneer in the digital sports entertainment and gaming industry and for its daily fantasy sports and mobile sports betting apps, have made a partnership to expand current daily fantasy sports (DFS) and content partnerships to Canada. By announcing an expanded partnership, the two companies relationship has been enhanced. As the NFL season approaches the Super Bowl, this collaboration will also enhance the DFS user experience in Canada.
Recent Strategic Developments
• In September 2022, Polychain is betting on HotStreak, a web3 platform for daily fantasy sports (DFS) contests, and believes that the blockchains decentralised structure makes it an excellent alternative for DFS platforms.
• In September 2022, Draftea, which bills itself as Latin Americas first daily fantasy sports firm, is bringing fantasy football to the region through a new agreement with the National Football League (NFL) and the NFL Players Association, a labour union that represents the leagues athletes.
• In April 2022, subject to obtaining all necessary licences and regulatory approvals, DraftKings and the Mashantucket Pequot Tribal Nation announced that they had reached an agreement to deepen their partnership and pave the way for offering the DraftKings online and retail sports betting experience in Puerto Rico. The area will have a sizable video wall, bar and food options, two over-the-counter ticket windows, and six betting kiosks once it is finished.
• In May 2022, DraftKings Inc. announced that its online casino and sportsbook offerings would be available in Ontario, Canada. Through its acclaimed sportsbook app, DraftKings will provide users in Ontario with a sports betting experience. DraftKings Casino will also offer more than 130 different online casino game varieties, including baccarat, blackjack, roulette, and slots.
• In April 2022, subject to obtaining all necessary licences and regulatory approvals, DraftKings and the Mashantucket Pequot Tribal Nation announced that they had reached an agreement to deepen their partnership and pave the way for offering the DraftKings online and retail sports betting experience in Puerto Rico The area will have a sizable video wall, bar and food options, two over-the-counter ticket windows, and six betting kiosks once it is finished.
• In March 2022, Eksab receives $3 million in seed funding to expand its fantasy football platform across the Middle East and Africa. According to the company, the round was led by 4DX Ventures and included Darwazah Capital, Golden Palm Investments, P1 Ventures, and other angel investors from the sports and entertainment industries. • In December 2021, Health Canada approved its first domestically developed 3D printed implant Specific 3D mandibular plate.
• In November 2021, Sequoia and the creator of FanDuel placed a wager on the fantasy sports app Draftea.
• In July 2021, DraftKings reveals plans for an NFT collectibles marketplace debut which will curate sports and entertainment-themed digital artefacts for its fan audience.
Years considered for this report
• Historical Years: 2019-2021
• Base Year: 2021
• Forecast Period: 2022-2032
Daily Fantasy Sports Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/ projections/ forecast for revenue and unit sales (2022 - 2032)
• Data breakdown for application Industries (2022 - 2032)
• Integration and collaboration analysis of companies
• Capacity analysis with application sector breakdown
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategies adopted by emerging companies
Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Billion, 2022 - 2032)
• DFS (Daily Fantasy Sports)
• Skin Gambling
• Loot Boxes
• Others
End User Analysis (Revenue, USD Billion, 2022 - 2032)
• Adults
• Teens
Revenue Generation Analysis (Revenue, USD Billion, 2022 - 2032)
• Entry Fee
• Advertisements
• Others
Region Type Analysis (Revenue, USD Billion, 2022 - 2032)
• North America (United States, Mexico, and Canada)
• Latin America (Brazil & Mexico)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, and others)
• Middle East & Africa
• Asia Pacific (China, India, South Korea, Indonesia, Australia, Vietnam, and others)
Key Companies
• Fantasy Draft
• Sony
• DraftKings
• Activision Blizzard
• EA
• Tencent
• Yahoo!
• Dribble
• Sportito
• FanDuel
Available Versions of Daily Fantasy Sports Market Report:
United States Daily Fantasy Sports Market Research Report
Europe Daily Fantasy Sports Market Research Report
Asia Pacific Daily Fantasy Sports Market Research Report
India Daily Fantasy Sports Market Research Report
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