Home > Games, Apps & Social Media > Fantasy Sports Post Growth, Creating $3.6 Billion in Revenue Online

Fantasy Sports Post Growth, Creating $3.6 Billion in Revenue Online, Business and Industry Trends Analysis

Fantasy sports leagues, in which amateurs (“gamers”) choose professional players to participate in virtual (“fantasy”) teams are a huge success. Revenues are generated through league fees, transaction fees, web hosting, prize fees and challenge games. Gamers follow their chosen players’ on-field, real-life statistics throughout the season. Many bet against their friends’ teams, contributing to a pool of money. At the end of the season, the fantasy team with the best statistics wins the pot. The practice began in the early 1980s among baseball fans and has expanded to a wide variety of sports, both professional and amateur, including football.

An estimated 63 million fantasy sports gamers participated in the U.S. and Canada as of 2023, according to the Fantasy Sports & Gaming Association (FSGA). Online firms that enable and host these fantasy teams reap big revenues from gamers.

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