Fantasy sports are getting highly popular majorly among the youth population. Along with the enhancement of craze among sports enthusiasts, sports companies are getting great opportunities.

In the year 2019, the fantasy sports market was valued at $18.6 billion and it was expected that the market will reach $48.6 billion by the year 2017. The CAGR of the fantasy sports market will be 13.9% from 2021 to 2027.

Fantasy sports are online gaming platforms where the users create a virtual team for their favourite sports consisting of real players. Users will be competing with each other with their virtual teams and the scores will be awarded based on performance by the players in the match on the field.

This new concept is evolved and popularized in a very short time. Have you wondered how fantasy sports have become so much popular at the global level? Here will discuss the 5 key factors driving the popularity of fantasy sports. So let us start our discussion.

  • Digitalization

Digitalization at the global level is the major factor due to which the number of users on fantasy sports apps has rapidly increased. At present, almost half of the population of the world owns a smartphone and has access to the internet.

Due to faster internet connectivity in the last few years and the availability of the smartphone, the expansion & growth of fantasy sports has been ensured. A majority of the fantasy sports platform can be accessed through the smartphone from anywhere.

  • The legality of Fantasy Sports

When fantasy sports were introduced into the market, it was considered illegal and thus banned in various nations. However, after the rulings of the court in various nations, such fantasy sports have been under the ambit of games of skills and not just a game of chance & probabilities. The legal status has fascinated people to try fantasy sports.

  • Partnerships With Sports Leagues

Today the majority of sports leagues are partnerships with fantasy sports platforms. Due to this individuals who are interested in watching these sports leagues also develops an interest to create their team on fantasy sports app to win real cash.

  • Investor’s Interest Increased

Investors have analyzed that there is high potential in fantasy sports, hence they have started investing more money through corporate investments and venture capital. Due to getting enough money from investors, these platforms can adopt new technologies.

  • User-Friendly Interface

All these fantasy sports apps are easy to use and come with a user-friendly interface. By just following a few simple steps, you can earn attractive cash rewards that attract users and contribute positively to enhancing its popularity.

Final Words

If you also want to enter into the world of fantasy sports, you must be looking for a top-notch fantasy sports platform. If you are confused about the same we recommend you to choose Think11 which is a top fantasy sports app where you can play fantasy cricket, fantasy football and fantasy kabaddi.

The registration/login process is highly simple and after that, you can make your virtual team by selecting your favourite sports. There are paid as well as practice contests that you can choose as per your choice. Paid fantasy sports contests will facilitate you in earning real cash and the practice contests will help you in improving your gaming skills.

So, start playing fantasy sports through Think11 and get updated about the latest news about your favourite sports.