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Fantasy Sports Services - Industry Market Research Report

  • September 2016
  • 34 pages
  • Ibisworld
Report ID: 961354

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Touchdown: Rising sports popularity and internet usage will bode well for this rapidly growing industry



Abstract

Fantasy Sports Services

The Fantasy Sports Services industry is expanding quickly due to rising interest in fantasy sports, growth in the number of broadband and mobile connections, rising advertising expenditure and an increase in sports participation and viewership. Advertising and sponsorships on fantasy sports websites are one of the largest drivers of industry revenue. Internet ad spending has risen steadily as internet use increased, which has allowed industry revenue to convert rising website traffic into growing revenue. Increasing sports viewership and participation in sports has also supported industry growth. The industry will continue to grow over the next five years. This growth, albeit slower, will be partially due to expansion among new types of fantasy sports leagues, such as auto racing.



This industry develops 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 against 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.



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