The growing daily fantasy sports (DFS) industry expects to surpass $44.87 billion by 2030.
2022 had a valued fantasy sports market size of $24.39 billion.
Research cited growing popularity of sports leagues, niche sports leagues like badminton and volleyball, and fan engagement as key growth factors.
NEW YORK – The fantasy sports market size will surpass $44.87 billion by 2030, according to a research study conducted by Facts & Factors. The market expects to increase at a compound annual growth rate (CAGR) of 14.84% from 2023-2030.
Daily fantasy sports’ global market size in 2022 was $24.39 billion in terms of revenue. A steady increase in legal sports betting and the growing interest of various sports leagues projects a constant growth of DFS market value.
North America and Football Make Up Biggest Share
North America is the fastest growing region for fantasy sports market value. It’s expected to grow at a CAGR of 10.4% over the next seven years. There are 45 states with daily fantasy sports and plenty of fantasy sports betting going on in Canada and Mexico.
The study also predicts Europe will grow significantly over the forecast period with plenty of new players available in the region. A consistent push for international presence of the NFL, MLB, and NBA factor into that expected growth of European fantasy sports.
Week 5’s game between the Buffalo Bills and Jacksonville Jaguars marks the second of three games where Europeans can bet on the NFL on their home continent. The NFL has three games scheduled in London this season and played a game in Munich, Germany last season.
In addition to regions, Fact & Factor’s study segmented the global fantasy sports market into sports types, demographics and platforms. Football is the most popular game in global fantasy sports, but other sports such as cricket, basketball, hockey, volleyball, and others are important for the future growth of fantasy sports globally.
The full research study is available here.
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News tags: Cricket | Daily Fantasy Sports | DFS | Facts & Factors | football | NFL | Volleyball
Zach graduated from Florida State University with a degree in Writing, Editing, and Media. Zach is interested in the legalization aspect of sports betting and enjoys participating in DFS. He has a passion for sports writing and most enjoys writing about football and baseball both professional and collegiate.