What Does the Future Hold for the Online Fantasy Skill Gaming Industry?

October 29, 2024

In the last few years, The online fantasy skill gaming industry has boomed and is now among the most popular means of entertainment for sports fans around the globe.

A multi-billion-dollar industry that was earlier a niche segment of the gaming market which has been driven by technological advancements.

Moreover, an increase in sports fans and an increased realisation of how skill-based fantasy gaming can add another dimension to watching live sports.

Technological Advancements Driving the Industry

Augmented Reality (AR) and Virtual Reality (VR)

Whilst AR/VR becomes more mainstream fall it will bring immersive gaming experiences to consumers. Being in a virtual stadium and seeing the player’s stats in 3D or anger them simulates to see how that match would turn out for your favourite fantasy team. These technologies have the ability to take fan engagement to another level in which interaction can be at its peak.

Although AR and VR are still in the infancy stages when it comes to fantasy gaming. But, we could very well be looking at all leading platforms like Basant Club adopting these technologies eventually to make gaming real. However, if you want to experience the money-making game to win cash then you can start playing on Basant Club.

Artificial Intelligence (AI) and Data Analytics

Artificial intelligence and data analytics are changing how the fantasy gaming sector is being run. These technologies enable users to iterate through massive amounts of data instantly, providing insights into player performance and match conditions/ trends. This should make players make their teams smarter using the decision-making tools powered by AI, increasing their probability of return on investment.

With platforms, AI will be adding value-enhancing user experiences side with personalised recommendations to automate customer support and fraud detection. Wiselytics can also be used for gaining insights into user behaviour and serving more personalised content, promotions and game formats.

Key Trends Shaping the Future of Fantasy Skill Gaming

Several trends are already starting and they will dictate the future of the online fantasy skill gaming industry. These factors are indicative of consumer trends, regulatory implications and broader changes within the gaming/sports ecosystem.

Global Expansion of Fantasy Sports

Fantasy sports is already a flourishing industry in the US, India and the UK — however, now there are other nations where it is quickly picking up. Africa, the Middle East and Southeast Asia show potential new frontier markets for fantasy sports platforms. Given that these territories are home to the rising popularity of sports like football, cricket and basketball.

It is inherent for them to have such a growing demand for fantasy sports since they will ultimately hike up the level at which fans can participate in their favourite games.

Increased Focus on Skill-Based Gaming

In some jurisdictions, fantasy sports is considered a form of gambling and illegal in places where it may be heavily regulated or even banned. The future account of the industry will be reliant on it retaining its skill-based facet and moving away from the gambling stereotype.

Regulatory Developments

Online fantasy skill gaming is regulated quite differently state-wise and region-wise in different countries. The reality is that in a lot of places FanDuel and DraftKings are enjoying full legalisation, but they also operate under the guise of obscurity in certain states.

As the industry matures, governments and gambling commissions will presumably set out more rigorous guidelines for fantasy sports operators.

Regulatory Uncertainty

As mentioned before, the fantasy sports marketplace is a complicated one with regulations differing wildly across different regions. Regulatory uncertainty in some geographical areas about whether fantasy sports are lawful can both keep platforms from entering and lead to restricted user participation.