Global Fantasy Sports Market Size, Share & Trends Analysis
The global fantasy sports market size is expected to grow from $22.31 billion in 2021 to $26.02 billion in 2022 at a compound annual growth rate (CAGR) of 16.7%. The fantasy sports market is expected to reach $43.35 billion in 2026 at a CAGR of 13.6%.
By 2030, the world's young population is expected to increase by 7% to 1.3 billion. Thus, the increasing youth population propels the growth of the fantasy sports market.
Artificial intelligence is a key trend gaining popularity in the fantasy sports market as it can help a player to focus on the decisions that matter such as whom to start with and which players to trade.
The growth in the market is mainly due to the increasing youth population, growth in digital infrastructure, availability of affordable smartphones, growing investment in internet infrastructure and the launch of fantasy sports applications.