Fantasy Sports Services in the US - Industry Market Research Report

Pay day: Expanding into new markets will help propel further revenue growth

New products offerings, coupled with expanded access to services, has led revenue for fantasy sports services to strengthen through the end of 2023. Fantasy sports servicers provide a variety of fantasy sports game-types to consumers including daily, weekly and season-long fantasy contests. A large reason for fantasy sports service expansion has been the boosted ease with which consumers can access fantasy sports products from their phones and other internet-connected devices, with an accelerated digital revolution and aggressive advertising fueling steady expansion. Accordingly, revenue swelled at a CAGR of an estimated 1.6% to $9.8 billion through the end of 2023, including an incline of an expected 3.8% in 2023 alone. Despite negative economic impacts during COVID-19, fantasy sports services' relative insulation from pandemic-related restrictions and expanding prevalence in the online space ensured growth during the pandemic. Profit, measured as earnings before interest and taxes, is expected to account for 2.7% of revenue in 2023. Fantasy sports service providers develop software and markets an online platform for multiplayer fantasy sports. Fantasy sports are games where participants act as general managers to build teams that compete with other fantasy owners based on the statistics generated by real individual players or professional teams. The most common variation converts statistical performance into points that are compiled and totaled according to a roster selected by a manager that makes up a fantasy team. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.