PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1719356
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1719356
The U.S. fantasy sports service market is projected to grow from USD 11.1 billion in 2024 to USD 31.4 billion by 2032, with a compound annual growth rate (CAGR) of 14.1%. This growth is driven by the increasing popularity of fantasy sports, facilitated by widespread smartphone and internet access, and the growing integration of sports betting with fantasy platforms. The market is seeing a rise in participation, particularly through platforms offering real-time data and AI-driven analytics. Additionally, partnerships between major sports leagues like the NFL, NBA, and MLB with fantasy providers are enhancing market trust and expanding their reach.
Key Insights
Team sports lead the market with a dominant share, especially NFL Fantasy Football, NBA Fantasy Basketball, and MLB Fantasy Baseball, thanks to the long seasons and high engagement.
Football remains the largest sport in terms of revenue, driven by the widespread fanbase and the success of fantasy football, particularly during the NFL season.
Pay-to-play is the largest pricing model, generating substantial revenue through entry fees and prize allocations, while hybrid models are growing fastest due to increased user engagement.
Application-based platforms are the largest and fastest-growing, with a CAGR of 14.6%, driven by the rise of mobile apps that allow users to participate in fantasy sports anytime, anywhere.
Individual gameplay is the largest segment, with platforms focusing on one-on-one contests, but team-based competitions are also gaining popularity as they offer more interaction and engagement.