The performance is converted into points that are compiled and calculated and the winner is announced. The final reward is based on the type of contest the user opts-in the initial stage. It is an entire ecosystem with aspects like online playing, sponsorships, draft parties, merchandise, actual game tickets, brand marketing, etc. Fantasy games today are a more than $ 7.22 billion industry with over 75 million people worldwide engaged in this kind of gaming indefinitely.
Key Drivers of the Global Fantasy Sports Market
Rising consumer spending on recreational activities and growth in the urban population is driving the demand for fantasy sports across the world. Furthermore, young consumers prefer fantasy sports as an alternative to other online games. Technology advancement and rising consumer awareness in untapped markets are expected to boost the growth of the fantasy sports market in the near future.
The disposable income of the millennial population has increased significantly during recent years. Thus, consumers are willing to spend on multiple entertainment alternatives. Affordable subscriptions of mobile apps and the low cost of the internet is shaping consumer attitude and preference for innovative recreational activities such as fantasy sports. Moreover, key companies engaged in the development of fantasy sports platforms are designing more user-friendly and easy-to-understand mobile applications at reasonable membership charges.
BENEFITS OF FANTASY SPORTS TO GAMING COMPANIES
