Latest News
PMI Unveils Fantasy Sports Market Success: Remarkable US$ 1.6 Billion and Impressive CAGR of 11.20%
Fantasy sport is also called as rotisserie or roto a game played by using internet, where a participants assemble virtual teams which is composed of proxies of real players of professional sport.
A major factor driving the growth of the fantasy sports business is the rise in the number of sporting events organized worldwide. Technological advancements, coupled with the availability of streaming partners, are further driving the fantasy sports market. Growing trend of an increasing number of players, and strong presence of Internet infrastructure will significantly influence Fantasy Sports Market growth.
Recent Key Highlights of Fantasy Sports Market:
- In March 2023, Ashneer’s Grover’s Third Unicorn launched new cricket-focused fantasy sports app ‘CrickPe’ which came ahead of marquee IPL (Indian Premier League) tournament. The company also shared the Apple store and Google Play store links to download applications.
List of Key Players Profiled in the Fantasy Sports Market:
- CBS Corpd
- DraftKings Inc.
- Fox Corp.
- Paddy Power Betfair Plc
- Roto Sports Inc.
- Sporta Technologies Private Ltd.
- Sportech Inc.
- The Football Association Premier League Ltd.
- The Walt Disney Company
- Verizon Communications Inc.
Report Scope & Segmentation:
Attribute | Details |
Base year for estimation | 2022 |
Forecast period | 2022 – 2032 |
Market representation | Revenue in USD Billion & CAGR from 2022 to 2032 |
Market Segmentation | By Sports – Football, Soccer, Basketball, Baseball, Hockey, Golf, Cricket, Other fantasy sports By Gender – Male, and Female |
Regional scope | North America – U.S., Canada Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America – Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Analyst View:
The growing popularity of OTT platforms is expected to augur well for the fantasy sports segment. The OTT sports experience is set to observe innovation, which is mainly driven by the fantasy sports business. Fantasy sport and OTT platforms have become an apt match for the overall entertainment business which is likely to propel market growth.
The Emerging Trends and Innovations in Fantasy Sports Market:
In the dynamic realm of Fantasy Sports, emerging trends and innovations are reshaping the gaming landscape. Augmented Reality (AR) and Artificial Intelligence (AI) are elevating user engagement through personalized insights and immersive experiences. Blockchain technology ensures secure transactions, while social gaming features foster community interaction. Live streaming and Virtual Reality (VR) enhance the viewing experience, attracting a wider audience. Platforms are diversifying with women-centric leagues and embracing sustainability initiatives. Predictive analytics and global expansions cater to diverse sports interests. Strategic partnerships with teams and athletes create exclusive content, enriching user experiences. These advancements signify the sector’s evolution, promising exciting prospects for fantasy sports enthusiasts globally.
What factors are likely to shape the future of the market, and what opportunities and challenges will arise?
Factors Shaping the Future of the Fantasy Sports Market:
- Technological Advancements: Continued advancements in AI, AR, and VR technologies will enhance user experiences, offering more immersive gameplay and personalized insights.
- Global Expansion: The market will expand into new regions, catering to diverse sports interests and fostering a more inclusive gaming environment.
- Partnerships and Collaborations: Strategic alliances with sports organizations and celebrities will provide exclusive content and drive user engagement.
- Mobile Gaming: The proliferation of smartphones will fuel the growth of mobile-based fantasy sports apps, reaching a broader audience globally.
- Innovative Game Formats: Introduction of new and innovative game formats will keep users engaged and attract new players to the platform.
Opportunities:
- Diverse Sports Leagues: Inclusion of niche and emerging sports leagues will tap into specific fan bases, creating new revenue streams.
- E-Sports Integration: Integrating e-sports tournaments into fantasy sports platforms will cater to the growing demand for online competitive gaming.
- Social Gaming Features: Enhanced social gaming features will encourage user interactions, fostering a sense of community and user loyalty.
- Monetization Strategies: Development of creative monetization strategies, such as in-app purchases and premium memberships, will enhance revenue generation.
Challenges:
- Regulatory Compliance: Adhering to varying regulations in different regions regarding online gambling and fantasy sports will pose a challenge for global platforms.
- Data Security: Ensuring the security of user data and transactions amid rising cybersecurity threats will be crucial to maintain user trust.
- Market Saturation: With the increasing number of fantasy sports platforms, standing out in a saturated market and retaining users will be challenging.
- User Addiction Concerns: Addressing concerns related to addictive behavior and responsible gaming practices will be essential for the industry’s reputation.
- Legal Challenges: Potential legal challenges related to player rights, intellectual property, and licensing agreements might emerge as the market evolves.
Asia
OMEN VALORANT Challengers South Asia 2024: Split 1 – Cup 2 Grand Finals To Be Hosted In Vegas Mall Dwarka In Delhi
Leading gaming and esports media company NODWIN Gaming and renowned video game publisher Riot Games has announced that the upcoming OMEN VALORANT Challengers South Asia 2024: Split 1 – Cup 2 LAN Finals will be hosted in Delhi. This announcement follows the successful conclusion of Cup 1 in Pune.
The decision to host the finals in Delhi is part of a strategic effort to expose a broad audience to high-stakes esports competition, capitalizing on the region’s rising enthusiasm for esports. The inaugural Cup of the OMEN VALORANT Challengers South Asia 2024: Split 1 successfully captured significant attention, drawing an impressive crowd of over 25,000 attendees who watched the champions being crowned at the venue. The event also enjoyed robust online engagement, accumulating more than 700,000 views and more than 100,000 hours of gameplay streamed across various digital platforms. OMEN by HP served as the tournament’s title partner and Philips as the styling partner.
OMEN VALORANT Challengers South Asia 2024: Split 1 – Cup 2 Finals will be held on 18th and 19th May, featuring the top 4 teams, True Rippers, Revenant Esports, MLT Esports and GrayFox Esports battling it on LAN in Vegas Mall, Dwarka in Delhi. The event will be live streamed on NODWIN Gaming’s YouTube channel. Like Cup 1, the grand finals will be a LAN event aimed at providing a thrilling esports experience to the attendees.
Akshat Rathee, Co-Founder and Managing Director of NODWIN Gaming, commented on the choice of Delhi, “The successful completion of the Split 1 is a testament to the growing popularity of esports in the region. We are excited to host Cup 2 Grand Finals in Delhi and aim to provide fans in the region a top notch esports competition where the best teams from across regions compete for the championship title. I would like to sincerely thank our partners for their continued support and for sharing our vision to elevate esports in the region.”
Sukamal Pegu, Esports Lead, India & South Asia, Riot Games, said “The OMEN VCSA is an important platform for us to identify top VALORANT Esports talent from India and showcase them. This year we have seen the competition get more intense with international athletes such as SK Rossi playing in the circuit, giving the fans non-stop entertainment and excitement. The Delhi event will be a cracker!”
Arun Rajappa, Country Manager, India & South Asia, Riot Games, said “We are absolutely elated by the support and enthusiasm that the fans, players and teams of the region have shown to VALORANT. After an exciting Cup 1, we are thrilled to bring Cup 2 to Delhi. We are committed to the growth of esports in the region by fostering the ecosystem and providing more opportunities to fans and players alike.”
This announcement coincides with the conclusion of the VCT Game Changers South Asia Split 1, also hosted by NODWIN Gaming, where MLT Esports was victorious. This tournament is part of a broader initiative to promote inclusivity and provide competitive opportunities for women and other marginalized genders within the VALORANT community.
The Delhi grand finals promise to be a highlight for the VALORANT esports community, offering another chapter of high-level competition in the region.
For further updates and information about the VALORANT Challengers South Asia, follow NODWIN Gaming on social media:YouTube/Instagram/Twitter/Facebook
Latest News
Golden Matrix Group Joins Rio Grande do Sul Flood Relief Program
Golden Matrix Group (NASDAQ: GMGI), a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets, today announced its participation in the global coalition initiative for flood relief efforts in Rio Grande do Sul, Brazil.
This partnership aims to provide substantial support to the communities in this Brazilian state that have been most devastated by the recent severe flooding.
This initiative is part of the gaming industry’s larger collaboration with local NGOs and humanitarian organizations, marking a significant expansion of our intensive CSR efforts, which saw over 225 community impact campaigns last year alone, primarily through the actions of its subsidiary Meridianbet.
The past week has witnessed unprecedented rainfall in Rio Grande do Sul, turning streets into rivers and isolating entire towns. The current situation remains dire, with hundreds of individuals still unaccounted for, while rescue operations have successfully evacuated over 200,000 residents using boats and helicopters.
The floods have wreaked havoc on infrastructure, with numerous bridges destroyed, severely disrupting access to Porto Alegre. The aftermath of the disaster has also led to looting in supermarkets during the night, adding to the urgency of the relief efforts.
Golden Matrix Group invites its stakeholders and the global community to contribute to this cause.
About Golden Matrix Group
Golden Matrix Group, based in Las Vegas, Nevada, is a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets. The B2B division of Golden Matrix develops and licenses branded gaming platforms for its extensive list of clients, and RKings, its B2C division, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico. In 2024, Golden Matrix completed the acquisition of MeridianBet, a well-established and B2B and B2C sports betting and gaming platform operating and regulated in multiple markets in Europe, Africa and LatAm, providing the combined entity with additional international operations.
Latest News
Sky Vegas to sponsor new ITV reality show
Sky Vegas has been announced as the headline sponsor of The Fortune Hotel, a brand new ITV1 reality entertainment show hosted by comic actor, Stephen Mangan, and produced by Tuesday’s Child.
The new series, set in a five-star resort in the Caribbean, is a gripping new format which sees contestants work in pairs to compete against other hotel guests and get their hands on a briefcase containing a life changing amount of money.
10 pairs of contestants will arrive at The Fortune Hotel, where they will be given an all-important briefcase. Inside one case is the ultimate jackpot of £250,000 in cash, while eight are empty, and one contains the dreaded Early Checkout Card – whichever pair is left holding that case at the end of each show will see their stay brought to a dramatic, premature end.
Guests will attempt to figure out who is in possession of the cash case, whilst trying to keep the contents of their own a secret, and viewers will be treated to a blend of suspense, subterfuge and glamour as the duos compete over eight episodes.
Airing on Monday 13 May on ITV1 and ITVX (and STV in Scotland), Sky Vegas’ sponsorship includes 80” of accreditations per episode, spanning Monday-Thursday over a two-week period.
The sponsorship deal also includes 10” bumpers around free programme streaming content on the ITVX and STV Player, including website and mobile apps*.
Sky Vegas also has rights to include The Fortune Hotel logo and reference to the sponsorship across their own platforms, including website and social media.
Commenting on the sponsorship, a Sky Vegas spokesperson said: “The Fortune Hotel has the potential to be the next big TV hit, and we are incredibly excited that we are going to be a part of this new show with ITV.
“Our customers enjoy fun and entertaining games, so this sponsorship opportunity just made sense. We’re looking forward to watching the show and enjoying all of its twists and turns with the rest of the nation.”
Bhav Chandrani, Director of BE Studios, added: “It’s brilliant to be bringing a brand new format to screens and The Fortune Hotel is real shout-at-the-telly fun. It’s going to be full of twists and turns as we get to watch the gameplay unfold.”
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