The global fantasy sports market analyst says initially, the professional league industry was highly conservative regarding DFS activities. However, the industry has a much more liberal and accepting view today. Earlier, league authorities dismissed the advent of daily fantasy leagues, pointing out that such activities would lead to players being exploited as assets, rather than being looked upon for their skills on the field. —
Complete report on fantasy sports market spread across 67 pages, analyzing 5 major companies and providing 34 data exhibits are now available at http://www.rnrmarketresearch.com/global-fantasy-sports-market-2016-2020-market-report.html
According to the 2016 fantasy sports market report, the medium allows individuals to exercise direct control over the operations of their fantasy sports team. They also provide the individual with the chance to live vicariously as general managers, franchise owners, or coaches of their own team or teams by structuring and drafting the team. They also have the liberty to structure the team in a manner where they can start and organize rosters of athletes playing for them. In addition, playing fantasy sports creates a competitive experience among friends and fellow fantasy sports enthusiasts.
Fantasy soccer segment was the highest revenue contributing segment and is expected lead the fantasy sports market in the coming years. The wide reach and universal appeal of soccer has made it a highly popular game across the world, which, in turn, has helped make fantasy soccer the most popular fantasy sport globally. Many fantasy soccer games provide the user with a choice of joining either public or private leagues. Public leagues are open for everybody, and these leagues have different clubs in each country. Order a copy of Global Fantasy Sports Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=722279
The global fantasy sports market is characterized by the presence of well diversified vendors. The competition among the vendors is expected to intensify further through an increase in product and service extensions, technological innovations, and M&A. International players have increased their presence in fantasy sports market and will grow by acquiring regional or local players.
The following companies are the key players in the Global Fantasy Sports Market: CBS, DraftKings, ESPN, FanDuel, and Yahoo. Other Prominent Vendors in the market are: Ballr, Bovada, FantasyAces, and Fantrax
North America dominated the global fantasy sports market and will continue to dominate the market until the end of 2020. The US is the largest market in North America as fantasy sports in the country is protected under the Unlawful Internet Gambling Enforcement Act of 2006. The law exempts fantasy sports from the category of illegal gambling and considers these sports as a game of skill rather than a game of chance. Also, the total number of fantasy sports players in North America has been increasing due to the rapid growth of the DFS format of fantasy sports.
Global Fantasy Sports Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the revenue generated from the league fee paid by end-users to participate in fantasy sports events.
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