Business use cases for Fantasy Sports (2024)

FAQs

How to use AI to win fantasy football? ›

Optimize the Player Lineup

Using data, AI can help with choosing the best players and increase the chances of winning the game. Experienced managers use AI as an assistant to make better decisions than beginners. But beginners can use AI to learn more about the game and its players.

Fantasy sports apps can enter into sponsorship or partnership agreements with teams, sports leagues, or other brands. These collaborations can involve promotions, branding, or exclusive contests, bringing in additional revenue.

Fantasy Sports Market Analysis

The Fantasy Sports Market size is estimated at USD 32.75 billion in 2024, and is expected to reach USD 62.58 billion by 2029, growing at a CAGR of 13.83% during the forecast period (2024-2029).

Throughout this seven-year partnership, IBM's AI models have produced hundreds of billions of AI-generated insights for ESPN's fantasy football platform.

Although you can technically make a living playing fantasy sports, we don't recommend it. Instead, aim to make a career working in fantasy sports – you'll still need a little bit of luck, but with passion and perseverance, you can succeed.

Advertising is also how sites like Yahoo Sports, ESPN, and NFL.com support their free fantasy-sports leagues. The leagues also drive more traffic (and thus ad revenue) to those websites' other pages: If your fantasy team is on ESPN, you're more likely to visit ESPN for stats and other updates.

Entry fees for fantasy contests totaled $11.5 billion, as of its most recent analysis. While the operator take varies by product offered, as there are different nuances by game, we conservatively believe industry revenue is somewhere between $1.5 billion–$2.0 billion annually.

What is the business model of fantasy gaming? ›

Business Model of Fantasy Gaming Apps

Fantasy sports apps collect entry fees from contest participants. The fantasy sports team keeps 15–20% of these entry fees for themselves. Some of the collected entry fees go to fantasy sports teams, which contribute to the winning team.

FanDuel and DraftKings are the largest fantasy sports companies in the United States. Both companies make money through fees, advertising, and partnerships with other companies in the sports industry. Acquisitions may be a huge part of the future of fantasy sports.

The cricket segment is experiencing the highest rate of growth. Fantasy Cricket is an online strategic sports game that involves creating and competing with a virtual team of cricketers participating in real matches worldwide.

As of 2022, 29.2 million players in the United States participated in fantasy football, making it the most-played U.S. fantasy sport.

As of 2022, a whopping 29.2 million Americans participated in fantasy football, accounting for 75% of the market share and generating an estimated USD 18.17 billion in revenue.

Here are the steps to set up an auto draft on ESPN Fantasy Football: Go on your main team page on ESPN fantasy and find the "Edit Auto-Pick Strategy" button before the draft begins. Once you click on it, you will reach the edit page where you will find the drafts of each round.

Player monitoring - AI is used to help with scouting and recruitment of players, analysing huge amounts of data such as player statistics, movements, and passing patterns.

Using data to analyze players, predictive AI can detect long-term customers, anticipate spending patterns and flag those at risk of problem gambling. With this information, casinos can fine-tune their advertising, alter games and implement new responsible gaming measures that protect players' interests.