Sports have billions of followers from different parts of the world, and every sports lover has a different kind of sport that he enjoys. There are fans who enjoy cricket, ones who enjoy football, and others who enjoy basketball, although these are not the only sports available to follow. Fans are passionate about the sports they follow, so they're constantly looking for ways that will help them engage more with that sport that they're in love with. Fantasy sports is one avenue that has provided fans the exact thing they're looking for, as they can win some cash by correctly selecting a successful team. Millions of people with access to an internet connection have created accounts with different fantasy sports platforms which has seen the fantasy sports market grow rapidly.
Due to the millions of players that are playing fantasy sports, it's not surprising that its global market size was estimated to be $18 billion in 2019. With hundreds of new players registering daily, it's projected that its global market cap will exceed $50 billion by 2027, and this represents a big jump. Fantasy sports companies are as transparent as possible in their dealings with clients which creates trust, and the trust created just helps the fantasy sports industry grow.
With science developing, fantasy sports apps or websites can add more sports to ones already available, leading to an increase in market size. It's estimated that America has more percentage of fantasy sports users, and this can be attributed to a high number of people who love sports having access to the internet. Due to the love for cricket, Asia is a continent where you'll get millions who contribute aggressively to the growth of fantasy sports industry. Fantasy sports players not only get money from playing fantasy sports, they get a sense of satisfaction at being able to create their dream team.
People are developing more interest in sports, and one industry that is going to profit from it is the fantasy sports industry. It's already the fastest rising industry because people from different places can compete in leagues while winning cash. Every new account that is created adds something to fantasy sport's market size, so if people keep registering, then fantasy sports will have the $50 billion market size before the proposed date. Fantasy sports market is enormous, but it's only going to get bigger if the trend continues to go upwards, according to analysts.