Fantasy Sports & Mobile Gaming

🎮 The Fantasy Sports Industry

The fantasy sports gaming industry is a dynamic and rapidly growing sector within the broader gaming landscape. It offers fans the chance to engage with their favorite sports leagues and teams in immersive and interactive experiences. Platforms like GameOn enable players to assemble virtual teams and compete based on the real-life statistical performance of athletes.

🏆 Market Size and Projected Growth

The fantasy sports market is on a rapid trajectory, with projections estimating a surge from $32.75 billion in 2024 to $62.58 billion by 2029. North America, with 62.5 million participants in 2022, currently dominates, but the Asia Pacific is expected to drive substantial growth. The global appeal of sports, especially football (soccer) with over 5 billion fans, contributes significantly to market growth.

Fantasy Sports Gaming and Web3

Web3 gaming projects have attracted over $19 billion in investments, with blockchain gaming projects securing approximately $1.5 billion in the first half of 2023. Despite a decline compared to the peak in 2022, stable funding levels indicate the industry's resilience and growth potential. Ongoing innovation and efforts to address challenges like onboarding and negative perceptions are expected to drive exponential growth.

📱 Mobile Gaming

Mobile gaming is a dynamic and burgeoning domain, showcasing remarkable growth and player engagement. With 2.2 billion active mobile gamers globally in 2023, projections indicate the global gaming community will reach 3.5 billion by 2025. Regions like Indonesia, Brazil, Saudi Arabia, Singapore, and South Korea exhibit exceptional dedication, with gamers spending over 5 hours daily in gaming experiences.

Sources: Mordor Intelligence Game7 2023 State of Web3 Gaming Report Udonis

Except the statements of historical fact, the information contained herein are forward looking statements with respect to the fantasy sports industry, Web3 fantasy sports gaming, and mobile gaming. There is no guarantee that this growth shall materialize, or that GameOn will benefit from any potential growth in these markets.

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