The global fantasy sports market is expected to reach USD 12.87 billion by 2028 from USD 6.45 billion in 2022, growing at a CAGR of 12.19%.

Download the Free Sample Report Now: https://www.arizton.com/request-sample/3641

In recent years, women gamers have increased worldwide owing to the rise in awareness of fantasy sports through social media and other advertising mediums. The rise in social media platforms such as Twitter, Instagram, Facebook, and other sites has created new avenues for gaming to come together and share insights. This encourages women to participate and showcase their presence in the gaming industry, and this rapid growth is expected to add more revenue to the global fantasy sports market. There has been an audience shift toward exploring the fantasy football industry by women. Although the sport is considered to be male-dominated, these days, women are actively participating in this sport.

Order a Free Sample Report Now: https://www.arizton.com/request-sample/3641

A key growth opportunity for vendors in the global fantasy sports market remains in leveraging social media sites and other similar platforms. With a growing target audience among millennials, social media platforms are of great importance for vendors to focus on. Today, fantasy sports fans have a wide range of options to choose from when deciding on the platforms to play in. Also, the quest to post their scores on such social sites and highlight their expertise in their groups further pushes for the need to cater to this fast-growing aspect.

The fantasy sports market was initially served by vendors such as Yahoo and ESPN and is currently dominated by DraftKings and FanDuel, primarily in the North American region. While significant vendors in the global fantasy sports market, such as FanDuel, DraftKings, Yahoo, ESPN, and CBS, are the major revenue generators. Other vendors such as PlayOn, FanTrax, StarsDraft, Dream11, and Sportito are thriving hard to gain a better industry share in the future. Further, vendors catering to the fantasy sports market have a vast range of opportunities to capitalize on, while they also have a list of responsibilities to carry out simultaneously. For instance, the regulatory restrictions across regions tend to imply certain conditions for the fantasy sports operators catering to that area. Failing to abide by these regulations can result in the company being ruled out of the region. Also, while offering these services, one has to ensure that the company stands up to the tax policies and other stringent regulations concerning player earnings and the company’s winnings as set before the game.