Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 1.4 % over the past five years, to reach an estimated $10.4bn in 2025.
Trends and Insights
Expansion of advertising fuels broad consumer exposure to fantasy sports
- An important development in recent years has been the massive expansion and emphasis on advertising for fantasy sports services through television, social media, streaming platforms, and targeted digital ads. Major daily fantasy sports service providers like DraftKings and FanDuel have dominated NFL, NBA and MLB seasons with high-frequency campaign spots, especially during prime-time broadcasts and live sporting events. This advertising surge has not only raised brand recognition but also normalized fantasy sports as part of mainstream fan engagement.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Media partnerships and real-time integration will drive fantasy sports growth
- Major media and technology partnerships will increasingly integrate fantasy sports features into live broadcasts and streaming services, fundamentally changing how fans interact with sports content. For example, ESPN’s August 2025 launch of its direct-to-consumer service and revamped app will introduce in-game overlays, allowing fans to manage lineups or join challenges without leaving the broadcast. This direct connection between fantasy play and live action is expected to substantially increase viewer engagement and session duration, as users can react immediately to game events.
Biggest companies in the Fantasy Sports Services in the US
| Company | Market Share (%)
2025 | Revenue ($m)
2025 | Profit ($m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Yahoo Inc. | 1,273.4 | 33.9 | 2.7 | |
Espn, Inc. | 1,136.3 | 29.2 | 2.6 | |
Draftkings | 255.2 | -31.7 | -12.4 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Season-long fantasy sports services, Daily fantasy sports services and Other. Season-long fantasy sports services is the largest segment of the Fantasy Sports Services in the US.
Trends and Insights
Consumer stagnation in sports viewership impacts season-long fantasy services
- This segment generates revenue from the sale of season-long fantasy sports services to consumers. The main premise of this segment focuses on a season-long league, with consumers able to build their own roster and having more opportunities for control as technology continues to advance.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Fantasy sports service providers develop software and market an online platform for multiplayer fantasy sports. Fantasy sports are games where participants act as general managers to build teams that compete with other fantasy owners based on the statistics generated by real individual players or professional teams. The most common variation converts statistical performance into points compiled and totaled according to a roster a manager selects to make up a fantasy team.
What's included in this industry?
Products and services covered in the Fantasy Sports Services industry in the United States include Season-long fantasy sports services, Daily fantasy sports services and Ancillary services .Companies
Companies covered in the Fantasy Sports Services industry in the United States include Yahoo Inc., Espn, Inc. and Draftkings.Purchase this report to view all 3 major companies in this industry.
Related Terms
Related terms covered in the Fantasy Sports Services industry in the United States include mobile phone app, text message and server.Industry Code
NAICS 713290 - Fantasy Sports Services in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The acceleration of technology strengthens fantasy sports service providers' presence. The heightened use of mobile devices with internet connections helped fantasy sports pr...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Expanding demand for daily fantasy sports fuels consumer activity. As fantasy sports improve efficiency and consumer outreach, daily fantasy sports help provide frequent part...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2025
- Product innovation level
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Large population centers cement establishment presence. Regions with access to a larger population can improve consumer outreach in those areas.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each state in 2025
- Number and share of revenue each state accounts for in 2025
- Number and share of wages each state accounts for in 2025
- Number and share of employees in each state in 2025
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Emphasis on customer service fuels steady internal competition. Many servicers compete for high-quality servicing of their products to make fantasy sports leagues enjoyable f...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Two companies own more than a 5.0% share of the market. ESPN and Yahoo's name recognition and established market presence help them secure a consistent share of the marketpla...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of Yahoo Inc.'s performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Espn, Inc.'s performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Draftkings's performance by revenue, market share and profit margin from 2019 through 2025
Detailed analysis
- Description and key data for Yahoo Inc., and factors influencing its performance in the industry
- Description and key data for Espn, Inc., and factors influencing its performance in the industry
- Description and key data for Draftkings, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Steady growth in advertising expenditures boosts providers' presence. As advertising expenditures expand, fantasy sports service providers have greater exposure to a wide var...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The evolving demand for sports content influences fantasy sports service profit. As consumers spend more on discretionary services like sports, fantasy sports service provide...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Industry Multiples (2018-2023)
- Industry Tax Structure (2018-2023)
- Income Statement (2018-2023)
- Balance Sheet (2018-2023)
- Liquidity Ratios (2018-2023)
- Coverage Ratios (2018-2023)
- Leverage Ratios (2018-2023)
- Operating Ratios (2018-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Fantasy Sports Services industry in the United States in 2025?
The market size of the Fantasy Sports Services industry in the United States is $10.4bn in 2025.
How many businesses are there in the Fantasy Sports Services industry in the United States in 2025?
There are 4,217 businesses in the Fantasy Sports Services industry in the United States, which has declined at a CAGR of 0.1 % between 2020 and 2025.
How may import tariffs affect the Fantasy Sports Services industry in the United States?
The Fantasy Sports Services industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Fantasy Sports Services industry in the United States?
The Fantasy Sports Services industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Fantasy Sports Services industry in the United States grown or declined over the past 5 years?
The market size of the Fantasy Sports Services industry in the United States has been growing at a CAGR of 1.4 % between 2020 and 2025.
What is the forecast growth of the Fantasy Sports Services industry in the United States over the next 5 years?
Over the next five years, the Fantasy Sports Services industry in the United States is expected to grow.
What are the biggest companies in the Fantasy Sports Services industry in the United States?
The biggest companies operating in the Fantasy Sports Services industry in the United States are Yahoo Inc., Espn, Inc. and Draftkings
What does the Fantasy Sports Services industry in the United States include?
Season-long fantasy sports services and Daily fantasy sports services are part of the Fantasy Sports Services industry in the United States.
Which companies have the highest market share in the Fantasy Sports Services industry in the United States?
The company holding the most market share in the Fantasy Sports Services industry in the United States is Yahoo Inc..
How competitive is the Fantasy Sports Services industry in the United States?
The level of competition is moderate and steady in the Fantasy Sports Services industry in the United States.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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