How To Understand Fantasy Gaming? Types, Competition And Industry
Fantasy Gaming is the latest and the hottest type of online gaming out there. The onset of fantasy gaming started gaining popularity just a few years back and since then there has been no turning back.
Remember a few years back when TV commercials of fantasy gaming companies started suddenly bombarding our TV screens? There were sports stars and athletes encouraging players to play fantasy sports. One such commercial in Indian markets was that of fantasy gaming platform Dream11. A-listers and top players from the Indian cricket team were seen encouraging middle class people to make a team on fantasy gaming platform, while they offered to do their daily tasks saying, “Yeh sab main kar leta hu, aap Dream11 par team bana lo!” (I’ll do all this, you go make a team on Dream11)
Fantasy gaming can be said to be a broad term that encompasses a wide variety of games allowing players to build a team of real-world players or characters and compete against other players. But there is more to it than just creating a fantasy team. Let’s understand this fantasy gaming vertical better in this article.
Understanding Fantasy Gaming
The most popular type of fantasy gaming is fantasy sports, where players draft a team of real-life professional athletes and.
Fantasy games are sports allowing users to create or draft make-believe teams consisting of real-life professional athletes from a specific sport. The player’s selected team or squad then participates in the fantasy sports, and the real-life performance of the athletes the player chooses decides the achievements of the players in the virtual world. To simplify it, players score points based on the athletes performance in actual games
Subsequently, the player who scores the most points, or in other words the player whose team performs the best gets rewarded with real cash rewards. Players get rewards in a leaderboard format, with the top scoring player taking home the highest reward.
Types of fantasy gaming
There are different types of fantasy gaming varying from sport to sport. Some of the most popular fantasy gaming types are fantasy football, fantasy baseball, fantasy basketball, fantasy hockey, and fantasy cricket.
Besides in all these sports there are broadly two types of fantasy gaming contests, namely, season-long and daily. Season-long fantasy games are played over the course of an entire sports season or tournament, and players must draft their teams at the beginning of the season. The second and the most popular type is Daily fantasy sports (DFS). These are played over a shorter period of time, such as based on daily matches, and players draft their teams each day for each upcoming match.
ALSO READ: How Fantasy Gaming Is Different From Video Games And Normal Games?
Fantasy Gaming Competition
As the fantasy gaming space is expanding and welcoming newer players under its umbrella, the competition continues to grow intense. If you are interested in getting involved in the fantasy gaming industry and want to master the game to drive away competition, there are a few things you can do. Firstly, try to learn as much as you can about the industry and how the games are played.
Secondly, start playing fantasy games. There are a lot of free contests you can play for practice. This will give you experience and knowledge about how it is played. Finally, you can network with other players and understand the space better.
Fantasy Gaming industry
The fantasy gaming industry is a rapidly growing industry. In 2022, the global fantasy sports market was estimated to be around $34.8 billion, and it is expected to grow further to $52.8 billion by 2027. The growth of the fantasy gaming industry is being driven by the increasing popularity of fantasy sports, the rise of mobile gaming, and the growing availability of data and analytics.
The fantasy gaming industry is highly competitive. The biggest players in the industry include DraftKings, FanDuel, Dream Sports and more. These platforms offer a variety of fantasy gaming products and services, and they compete for market share by offering competitive pricing, innovative features, and strong customer support.
