The Latest Daily Fantasy Sports Industry Statistics Explained
As of 2020, the global fantasy sports market was valued at around $18.6 billion.
The statistic states that as of the year 2020, the worldwide fantasy sports market was estimated to be worth approximately $18.6 billion. This figure represents the total economic value of the fantasy sports industry, encompassing activities such as online fantasy sports platforms, related advertising and sponsorship deals, merchandise sales, and other associated revenue streams. The substantial valuation of the global fantasy sports market underscores the growing popularity and commercial significance of fantasy sports worldwide, with millions of participants engaging in this form of sports entertainment and driving considerable economic activity in the industry.
The fantasy sports market is expected to reach $48.6 billion by 2027.
The statistic “The fantasy sports market is expected to reach $48.6 billion by 2027” indicates a projected significant growth in the fantasy sports industry over the next few years. This figure represents the total estimated value of the market by the year 2027, encompassing all forms of fantasy sports including platforms, leagues, and related services. The increase in market size suggests a growing interest and participation in fantasy sports globally, driven by factors such as technological advancements, increasing accessibility to sports content, and a growing enthusiasm for interactive and competitive sports-related activities among fans. This statistic serves as a testament to the lucrative potential of the fantasy sports industry and its continued expansion in the coming years.
Approximately 58 million people in the United States and Canada were playing fantasy sports in 2015.
The statistic that approximately 58 million people in the United States and Canada were playing fantasy sports in 2015 represents the widespread popularity and participation in this type of recreational activity during that year. Fantasy sports entail fans creating virtual teams of real players from professional sports leagues and competing based on the statistical performance of those players in actual games. The substantial number of people engaging in fantasy sports highlights the significant role this form of entertainment plays in North American sports culture, with participants forming strategic teams, tracking player statistics, and engaging in friendly competitions with friends or colleagues. This statistic not only underscores the appeal of fantasy sports as a leisure activity but also reflects the impact it has had on the sports industry, fan engagement, and the broader social landscape.
60.6% of fantasy sports players participate in leagues that require an entry fee.
The statistic ‘60.6% of fantasy sports players participate in leagues that require an entry fee’ indicates that the majority of fantasy sports enthusiasts engage in leagues where they have to pay a fee to be eligible to play. This finding suggests that a significant proportion of players are willing to invest financially in their fantasy sports experience, potentially to enhance competition, increase engagement, or seek out higher quality leagues. This statistic highlights the popularity of paid-entry fantasy leagues among players and implies that such leagues may offer added incentives or rewards compared to free leagues.
As of September 2020, DraftKings had a user base of nearly 8 million people.
The statistic states that as of September 2020, DraftKings, a popular online sports betting and daily fantasy sports platform, had accumulated a user base of almost 8 million individuals. This indicates the extensive reach and popularity of the platform among sports enthusiasts and individuals interested in engaging with sports betting and fantasy sports competitions. The large user base suggests that DraftKings has successfully captured a significant portion of the market, likely through effective marketing strategies, a wide range of sports offerings, and user-friendly features. This statistic is important for assessing DraftKings’ market position, potential growth opportunities, and overall impact within the sports betting and fantasy sports industry.
The average annual spending on fantasy sports in the U.S. was $556 per player in 2017.
The statistic that the average annual spending on fantasy sports in the U.S. was $556 per player in 2017 indicates the typical expenditure per individual in the nation on participating in fantasy sports activities for that year. This average amount, calculated across all fantasy sports participants, reflects the combined costs of league fees, player transactions, subscriptions, and other expenses associated with engaging in fantasy sports. By quantifying the average spending at $556 per player, this statistic provides valuable insight into the financial behavior and commitment of individuals who partake in fantasy sports, helping to paint a picture of the economic significance and popularity of this recreational activity within the U.S. population.
The most popular sport for daily fantasy sports in the U.S. is football, followed by baseball and auto racing.
The statistic suggests that among daily fantasy sports participants in the United States, football is the most favored sport, followed by baseball and auto racing. This information highlights the popularity of these particular sports within the daily fantasy sports community. It indicates that a significant number of fantasy sports enthusiasts in the U.S. engage in daily fantasy sports focused on football, baseball, and auto racing, potentially leading to higher levels of participation, engagement, and revenue generation in these sports compared to others. This data could be valuable for companies and organizations involved in the daily fantasy sports industry to tailor their offerings and marketing strategies accordingly to capitalize on the popularity of these sports.
The number of fantasy sports players in India is projected to cross 100 million by 2020.
The statistic that the number of fantasy sports players in India is projected to cross 100 million by 2020 indicates a significant growth in the popularity and participation in fantasy sports in the country. This projection suggests that a large and increasing portion of the Indian population is engaging in fantasy sports, which allows individuals to create virtual teams of real players and compete based on the statistical performance of those players in real-world games. The growth in the number of fantasy sports players could be driven by factors such as increased internet connectivity, rising interest in sports, and the social aspect of playing in fantasy leagues. This statistic highlights the growing trend of fantasy sports as a popular leisure activity in India and signifies the potential for further expansion in the future.
The daily fantasy sports market segment is expected to exhibit accelerated growth with a CAGR of over 13% during the forecast period 2018 to 2023.
This statistic indicates that the daily fantasy sports market is projected to experience significant growth over the forecast period from 2018 to 2023, with a compound annual growth rate (CAGR) of over 13%. This means that the industry is anticipated to expand rapidly, driven by factors such as increasing popularity among sports enthusiasts, technological advancements, and a growing number of participants engaging in daily fantasy sports activities. The CAGR of 13% suggests a steady and consistent growth rate over the five-year period, signaling a promising outlook for the daily fantasy sports market in the upcoming years.
Among those who reported playing fantasy sports, 61% were men and 39% were women.
The statistic “Among those who reported playing fantasy sports, 61% were men and 39% were women” suggests that there is a gender imbalance in participation in fantasy sports with a majority of players being men. This data indicates that there is a higher prevalence of men engaging in fantasy sports compared to women, with nearly two-thirds of players being male. This information can inform marketers, sports leagues, and fantasy sports platforms in tailoring their strategies and offerings to better cater to the preferences and interests of male participants. Additionally, it highlights the potential for growth and targeted outreach efforts to increase female participation in fantasy sports.
The age group of 18‐34 accounts for 34% of fantasy sports players.
This statistic indicates that out of all fantasy sports players, 34% belong to the age group of 18-34. This age group represents a significant portion of the overall fantasy sports player population, suggesting that younger individuals between 18 and 34 years old are actively participating in fantasy sports. This information is valuable for marketers and industry professionals looking to target and engage with this demographic in the realm of fantasy sports. Understanding the demographic composition of fantasy sports players can help tailor marketing strategies and offerings to better resonate with this specific age group.
In 2017, it was reported that 19% of fantasy sports players participated daily.
The statistic ‘In 2017, it was reported that 19% of fantasy sports players participated daily’ indicates that 19% of individuals who engage in playing fantasy sports were reported to actively participate on a daily basis during the year 2017. This statistic provides insights into the frequency and intensity of involvement among fantasy sports enthusiasts, highlighting a significant portion of the player population who are highly engaged and dedicated to participating in fantasy sports activities on a daily basis. The findings suggest a notable level of commitment among a subset of fantasy sports players and may have implications for understanding the behaviors and preferences of this particular demographic within the broader community of fantasy sports participants.
The median monthly income of daily fantasy sports players was reported to be $75,000 – $99,999.
The statistic stating that the median monthly income of daily fantasy sports players falls within the range of $75,000 to $99,999 means that when all the incomes of daily fantasy sports players are arranged in order from lowest to highest, the midpoint value is within this specified range. Specifically, half of the daily fantasy sports players earn less than this range, while the other half earns more. This statistic indicates that the median income level in this group is between $75,000 and $99,999 per month, providing insight into the earning potential and distribution of income among individuals engaged in daily fantasy sports.
By 2018, 70% of daily fantasy sports players reported using a smartphone to play.
The statistic reveals that by the year 2018, a considerable majority of daily fantasy sports players, totaling 70%, reported utilizing smartphones as their primary device for engaging in fantasy sports activities. This trend signifies a notable shift towards mobile platforms for accessing and participating in the fantasy sports realm. The data suggests that smartphones have become a prevalent and preferred technology among fantasy sports enthusiasts, likely due to their convenience, portability, and accessibility, enabling users to seamlessly engage with fantasy sports contests and monitor their teams while on the go. This statistic underscores the increasing importance of mobile technology in the realm of fantasy sports and highlights the evolving preferences and behaviors of fantasy sports players towards smartphone usage for their gaming activities.
The Daily Fantasy Sports segment is projected to reach a user penetration of 0.3% in 2024 in the U.S.
The statistic “The Daily Fantasy Sports segment is projected to reach a user penetration of 0.3% in 2024 in the U.S.” indicates the estimated percentage of the total population of the United States that is expected to participate in Daily Fantasy Sports by the year 2024. A user penetration of 0.3% suggests that a very small fraction of the U.S. population, specifically 0.3 out of every 100 individuals, will engage in Daily Fantasy Sports activities. This projection provides valuable insight into the growing popularity and adoption of Daily Fantasy Sports in the country, highlighting the niche nature of this form of entertainment among American consumers.
Approximately 56% of the fantasy sports industry revenue was generated by media companies.
The statistic that approximately 56% of the fantasy sports industry revenue was generated by media companies indicates that a significant portion of the revenue in this sector comes from companies involved in media activities. This suggests that media companies play a crucial role in the financial landscape of the fantasy sports industry, likely through partnerships, sponsorships, advertising, or direct involvement in fantasy sports platforms. The high percentage implies that media companies are key players in leveraging their platforms and audience reach to drive revenue in the thriving fantasy sports market, highlighting the strategic importance of the intersection between media and sports entertainment in maximizing industry profits.
Users spent an average of 8.67 hours per week consuming fantasy sports content in 2017.
The statistic “Users spent an average of 8.67 hours per week consuming fantasy sports content in 2017” indicates the average amount of time individuals dedicated to engaging with fantasy sports-related content on a weekly basis during the year 2017. This average of 8.67 hours reflects the collective behavior of the user population, emphasizing the significant interest and time commitment towards fantasy sports within that specific time frame. The statistic suggests a substantial engagement with fantasy sports content, demonstrating a persistent consumption pattern among users, likely driven by the entertainment value, competitive nature, and community aspects associated with fantasy sports activities during that period.
References
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