European Fantasy Sports Market
Dublin, Feb. 09, 2024 (GLOBE NEWSWIRE) — The “Europe Fantasy Sports Market – Focused Insights 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
The Europe Fantasy Sports market, valued at USD 1.05 billion in 2022, is expected to grow at a CAGR of 12.56% from 2022 to 2028. The market growth is attributed to Europe’s increasing interest in sports and online gaming. Fantasy sports platforms, offering diverse leagues like football and basketball, provide fans with an interactive way to engage with their favorite teams.
European countries have introduced regulations to ensure fair play and protect consumers. Compliance with data protection laws, responsible gaming practices, and anti-money laundering measures have become paramount for operators in the fantasy sports sector, contributing to a more secure and transparent industry.
The future of the Europe fantasy sports market looks promising, with continued expansion anticipated. Moreover, the integration of Augmented Reality (AR) and Virtual Reality (VR) technologies could further revolutionize the way fans interact with their favorite sports, making fantasy sports an even more immersive and engaging pastime for Europeans.
KEY HIGHLIGHTS:
The European fantasy sports market is experiencing rapid expansion, driven by several factors; for instance, the widespread adoption of digital technology and the internet has made it easier for users to access fantasy sports platforms, fostering growth. Further, the surge in interest in sports at the amateur and professional levels has created a larger pool of potential participants. Also, changing consumer preferences, including a desire for interactive and engaging entertainment options, have shifted attention toward fantasy sports. As a result, the market has witnessed a significant increase in user engagement and revenue generation.
The landscape of fantasy sports in Europe has evolved beyond traditional football leagues. Today, fantasy sports enthusiasts can participate in leagues covering an array of sports, including cricket, rugby, tennis, and even niche sports like esports. This diversification has broadened the appeal of fantasy sports, attracting fans of various athletic disciplines. Users can now immerse themselves in multiple sports seasons, creating more opportunities for engagement and enjoyment.
Mobile applications have emerged as the dominant platform for fantasy sports in Europe. The convenience of mobile access allows users to create, manage, and follow their fantasy teams wherever they are. Real-time updates, push notifications for live scores, and gamification elements within mobile apps enhance user engagement and provide an immersive gaming experience. The shift to mobile has enabled users to stay connected to their favorite sports and fantasy leagues seamlessly.
The fantasy soccer segment is a dominant force in the European fantasy sports market, more than fantasy cricket, hockey, and golf. Given the immense popularity of soccer across Europe, this segment has a massive and dedicated following. It is closely integrated with various European football leagues, including the English Premier League, La Liga, Serie A, Bundesliga, and more. It’s often the first choice for fantasy sports enthusiasts in Europe, providing them with an opportunity to engage with their favorite sport in a unique and immersive way.
Based on gender, the dominance of the men segment in the Europe fantasy sports market is rooted in their long-standing passion for sports. Men have historically been more engaged in sports, which naturally translates into a higher participation rate in fantasy sports. However, the Europe fantasy sports market has seen a significant increase in female participation in recent years. This growth reflects changing societal norms, where women are increasingly encouraged to explore their interests in sports, breaking down gender barriers and fostering a more inclusive environment within the fantasy sports community.
The U.K. region is a significant player in the Europe fantasy sports market, with a strong sporting culture encompassing football, cricket, rugby, and more. It is an integral part of the European fantasy sports market, followed by Germany and France, nations known for their rich sports culture.
The competitive scenario in the European fantasy sports market is intensifying, with global and domestic players offering diverse products. Regarding market share, a few major players are currently dominating the market. Some companies that are currently dominating the market are Flutter Entertainment, DraftKings, Yahoo, and ESPN.
Key Attributes:
|
Report Attribute |
Details |
|
No. of Pages |
77 |
|
Forecast Period |
2022 – 2028 |
|
Estimated Market Value (USD) in 2022 |
$1.06 Billion |
|
Forecasted Market Value (USD) by 2028 |
$2.15 Billion |
|
Compound Annual Growth Rate |
12.5% |
|
Regions Covered |
Europe |
MARKET STRUCTURE
LIST OF VENDORS
Key Vendors
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Flutter Entertainment
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DraftKings
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Yahoo
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ESPN
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Fantrax
Other Prominent Vendors
SEGMENTATION & FORECAST
Sports (Revenue)
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Fantasy Soccer
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Fantasy Football
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Fantasy Basketball
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Fantasy Hockey
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Fantasy Cricket
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Fantasy Golf
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Other Fantasy Sports
Gender (Revenue)
Platform (Revenue)
For more information about this report visit https://www.researchandmarkets.com/r/jpxe7q
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