The New Report “Global Fantasy Sports Market Size, Statistics, Trend Analysis, and Forecast Report, 2022 – 2032″ estimates the industry size at $21.46 Billion in 2021 and forecasts to reach $92.61 Billion by 2032. Football, baseball, basketball, hockey, and cricket were all listed as the primary fantasy sports with India giving a major boost to cricket segment. Fantasy sports has grown from being a niche market to sponsoring the largest T20 cricket league in the world.
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“The latest insights and forecasts have revealed new areas of profitability. Football, Rugby and Cricket are the largest contributors in the Global Sports Fantasy market and are anticipated to grow in the future. Globally, the Fantasy Sports industry has been showing healthy growth, with India being the fastest-growing FS markets with the largest user base at 13 crores, which is further expected to grow at a CAGR of 32 percent in the coming years. The country has become a high-growth, in-focus market due to a large tech-savvy millennial population base, growing affiliation with sports, rapid smartphone penetration, and the availability of low-cost mobile data; and is projected to grow from INR 34,600 crore in FY21 to an estimated INR 1,65,000 crore by FY25.”