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What Should You Know About the Daily Fantasy Sports Industry?
- letmeanalyze
- October 27, 2021
- 9:27 am
- No Comments
What is Daily Fantasy Sport?
The daily fantasy sports are the games that happen every few days or hours rather than a whole season. In these fantasy sports games, the players make their own team from a group of players or professional athletes to earn points on the performance of the team members on the field. There are many online sports betting platforms that allow you to place your bets and win real money in daily fantasy sports. Players participate and engage in contests through online platforms, and win prize money based on the athletes live performance.
Fantasy sports market is observing huge growth in the market since the past few years. The development of phones and high speed internet connection has attracted many people towards the sports betting industry.
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What Makes Daily Fantasy Sports Popular?
There are many fantasy sports platforms in the market that are trusted and completely transparent to the customers in terms of safety and money transactions. The payment gateways are secured and verified that provide satisfaction amongst the users and build more trust for further gameplays. These platforms also allow players to see the teams created by the other players and competitors and also determine the amount of money won by the players with their ranks in the contest. This gives a clear and fair competition between the players.
During the cricket season like IPL or T20 World cup, players play daily fantasy sports on online platforms and win real money also on fantasy gaming platforms in India.
On the other hand, football is also a preferred sport for fantasy gaming where people bet on leagues like EPL. Followed by these, the other famous sports covered in daily fantasy sports are badminton, basketball, tennis and international sports leagues like Cricket (FPL), Football (NFL), Hockey (NHL), Basketball (NBA), Baseball (MLB) and many more.
The market size of fantasy sports was estimated at $18.6 billion in 2019 and it is expected to grow at $48.6 billion by 2027 with a CAGR of 13.9% until 2027.
The dominant segment in the fantasy sports market share in 2019 was Football and it is estimated that Football will retain the dominance throughout.
Best sites for Daily Fantasy Sports
There are many online sites where you fantasy sports with different features. These applications include a wide range of betting games where you can bet. Many people prefer to bet on games that give favourable results and some prefer to place bets on a long shot to score a high payday.
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