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The Fantasy Sports Goldrush: Startups! Are you listening?

Fantasy Sports is a high momentum industry with a growth rate that is phenomenal. It could prove as a treasure for budding startups.

Let's get straight to the point. Here are the Fantasy Sports Statistics for you to go through:

  • User Base: 33.5 Million US Citizens above the age of 12 engage in Fantasy Sports on a regular basis. (2012)
  • Growth Rate: The above mentioned figure denotes a 60% growth in Fantasy Sports industry since 2007
  • Industry Impact: Fantasy Sports cast an impact of 4.5 Billion US Dollars till now, surpassing the likes of NASCAR ($ 612 Million), NBA ($ 3.7 Billion) and NHL ($ 3.4 Billion)
  • Corporate Affiliation: 140 Member Companies are affiliated with the Fantasy Sports Trade Association
  • Social Register: Some of the Wall Street's super bigwigs are avid Fantasy Sports Players such as Stanley Druckenmiller of Duquesne Capital, Michael Novogratz of Fortress Investment and Hedge Fund gurus Paul Tudor Jones and Raj Rajaratnam.

So, Startups, impressive figures huh? Question is

"Are you in the game or not?"

Fantasy Sports is a high momentum industry with a growth rate that is phenomenal. And the reason behind it is simple. It is a core appeal product where a user gets to choose, draft and design their team and through it, their victory and the sense of accomplishment. And it is possible only because truly great online portals such as DumpsterFire and PickliveUSA provide users with a unique, thrilling and high engagement experience of being a sportsman and a manager of their chosen team.
Fantasy Sports currently cast a deep shadow of $ 4.5 Billion which is greater than those of NBA, NHL and NASCAR. At such a vast scale, it means that the user base and the industry is set for high rate growth in the coming years.

So what does this all mean for the Startups?

Well, a host of opportunities are waiting to be tapped. Startups in sports industry constantly strive for a better sports management process where in you can draft and deploy your chosen team while being tension free about the security of money. Fantasy Sports is one of the industries where a good online experience makes the difference between earning a substantial sum of winnings and misinformed decisions. The estimated total spending margin of the Fantasy Sports Users for the year 2012 was $ 800 Million. Such a transfer of finance obviously means Startups have the opportunity to dive in the flow and reap benefits to a level previously unimaginable.
UI and UX design also plays an important role. Because online portals engage users with the high energy of sportsmanship. With a unique and focused fantasy sports website, an entrepreneur such as you can truly emerge as a leading purveyor of the best online fantasy sports experience.

What you truly need to begin?

A great web development team is always the key to a successful web startup. And as such, fantasy sports requires a particular expertise and understanding of the sports and passion for sportsmanship goes a long way. Fantasy Sports right now are dominated by soccer and baseball but in the future, new sports are going to provide opportunities to scale higher and increase the chance of hitting it big!
So if you are a Startup entrepreneur and looking for the next big industry where you can create a big impact and aim high, fantasy sports might just be your thing! Vinfotech is a web development firm with expertise in fantasy league web solutions and sports web experiences. Contact us for some truly thrilling fantasy sports solutions.

About Vinfotech

Vinfotech creates world’s best fantasy sports-based entertainment, marketing and rewards platforms for fantasy sports startups, sports leagues, casinos and media companies. We promise initial set of real engaged users to put turbo in your fantasy platform growth. Our award winning software vFantasy™ allows us to build stellar rewards platform faster and better. Our customers include Zee Digital, Picklive and Arabian Gulf League.

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