Reasons Why Fantasy Sports Is Getting More Popular In The Past Decade

Fantasy Sports has become a rage among sports enthusiasts in the past decade due to its popularity and growth in the market. Many factors contributed to the popularity of the Fantasy Sports industry like legalization, access to technology, etc. 

Experts believe that by 2024 the Fantasy industry will be worth $3.7 billion. The fantasy sports platforms will have a 100 million user base in the coming decade.

The unexpected growth of the industry attracted more users and investors than ever. 

Let’s jump to the main content and learn about the reasons - Why Fantasy Sports had such popularity in the past decade. 

01. Source of Entertainment

Fantasy Sports is a legitimate source of entertainment for sports enthusiasts. It is like a treasure for those sports fans who would like to learn more about the game and showcase their sports skills and knowledge. Sports have always been the primary source of entertainment for the nation, where spectators invest hefty amounts to watch their favorite players and teams playing on the ground.

As the value of sports has increased in the past decade, the number of opportunities for the game

02. Access to Technology 

We all know how fast technology is growing and techno advancement is becoming a boon for all online businesses. For a decade the whole world was working manually, there was limited internet access, mobile phone access, etc. to the citizens. But, now in the past decade, the world went from 3G to 4G and now shifting to 5G. 

Now, the internet is not only available in metro cities or corporate cities, it's reaching up to Tier III areas, where sports enthusiasts are getting a chance to showcase their talent. Moreover, there was a time, when the Internet and gadgets were an expensive affair, but now it is available at an affordable rate which allows everyone to participate in their favorite sports online. 

03. Legislation and Laws

When the Fantasy Sports concept was introduced in the market, it was considered an illegal activity and even the idea didn’t even like by the sports fans. In the beginning, it was considered a betting activity, where the whole game relied on intuition or luck. 

But, over time the Fantasy Sports platform somewhat changed its concept and also fought legal battles against the government to prove its worth. However, fantasy sports platforms like Dream11 successfully beat all the odds and become the number 1 legal fantasy sports platform. Indeed, the platform is not legal in all parts of the world, but gradually the government is analyzing the worth of the industry to generate huge revenue and GDP. 

These laws encouraged the sports enthusiast to be carefree about the frauds from the platforms and play carefree on the platform. 

04. The interest of Fantasy App Developers

As Fantasy Sports and online games had legal issues, developers were afraid to build such software due to the risk involved in the industry. Developers were in doubt about whether their client apps will be allowed or not, they might not even receive the paycheck for developing the software. 

Things have changed after the Government made Fantasy Sports a legal business. Now, Fantasy App Developers know it is safe to develop such apps. Moreover, in the past few years, the demand for Fantasy Sports has increased. As sports have become a source of income and career opportunity in India, it has opened the door for Fantasy Sports Platforms to cover all the contests and attract more users. 

The Fantasy Sports industry began with handball, and now there are more than 7 sports available on fantasy platforms to play. 

05. Number of Investors 

The popularity and stability of the Fantasy Sports industry are attracting new investors daily. The business opportunity and the user base are attracting big investors to invest their money and make a lot of benefit out of it. 

Even foreign investors are taking interest in investing their money in Indian Fantasy Sports platforms after seeing the craze of sports here. Fantasy Cricket platforms attracted more investors than any other type of fantasy sports app, as Cricket is pure love in the nation. 

06. Changing in Marketing Strategy 

Marketing is now not limited to printing ads in newspapers or broadcasting the ads on TV, now it's available on mobile phones. Before the breakout of social media platforms, marketing was not reachable to every citizen of the nation. 

But, now the availability of social media platforms on each mobile device, just doubled the effects of marketing. The branding game has completely changed in the last few years, which has benefited the Fantasy sports industry in the most unexpected ways. 

07. Source of Making Money

If time is an asset, then people would like to use it to make money to buy all the comforts of the world. What spiked the popularity of the Fantasy Sports industry in such a short period is the type of money the industry offers to all the users. 

You read it right, here not only Fantasy Sports operators are making money, but also their user base. The rewards offered on the platform to all the users for winning the game are the most attractive part of the fantasy sports industry. 

Conclusion

Hence, if you want to leave a mark in the fantasy sports industry; it is the right time. Get your fantasy sports app and begin with the app development process. Fantasy App Developers will help you to build an effective and efficient sports platform.