According to the latest market research study released by Technavio, the fantasy sports market in Brazil is expected to exceed USD 1.5 billion by 2020, growing at a CAGR of over 20% during the forecast period.
According to Abhay Sinha, lead analyst for outdoor gear research at Technavio, “A fantasy sport is a game, which allows participants to create a team made of players of their choice. These participants compete against teams that are owned by other fantasy players. The winning team is determined based on the performance of the selected players in real-world sports. The players engage in a variety of fantasy sports including fantasy football, cricket, baseball, hockey, and golf. The winners of these games are awarded money, gift cards, or other prizes. ”
Business Wire
Technavio Expects the Fantasy Sports Market in Brazil to Exceed $1.5 Billion by 2020
By Jesse Maida