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Skill Gaming Market Size, Share and Analysis, By Skill Spectrums (Mental and Physical), By Game Type (Card Based Games, Fantasy Sports, Puzzle Based Games, Table Games and Others), By Modes (Online, Offline), and Regional Forecast 2024-2034.
Skill Gaming Market is anticipated to grow at a CAGR of 13.5% in the forecast period (2024-2034), with the market size valued at USD 33.6 billion in 2023 and projected to reach USD 135.9 billion by 2034.
Skill gaming refers to game form in which the outcome is dependent upon the player’s ability and skill rather than based on luck. The outcomes depend on strategic and logical thinking applied by players. Skill gaming can be categorized into different categories and subcategories including card-based games like trick-taking and solitaire, as well as fantasy sports betting which involves boxing, football, rugby games and other sports. Additionally, table games include roulettes and poker, contribute to this diverse genre. These games can be accessible on both online or physical platforms making them more attractive and easy for the players and individuals playing them. Technological advancements have played an essential role in increasing the availability of skill based gaming, which allows players to engage efficiently with the convenience of mobile devices. This flexibility helps in improving the overall consumer experience, providing flexibility to enjoy skill-based games.
Skill Gaming Market is anticipated to reach USD 135.9 billion, growing at a CAGR of 13.5% during the forecast period, owing to the rising demand due to significant developments by the companies and increasing interest from public towards these games. The different variations of skill games such as Card Based, Fantasy Sports, Table Based and others, became popular among people that altered better growth of the market, worth billions. The major reasons for the growth of these games are their simple and easy to use structures and the larger reward prizes that one can win and earn with minimal real time currency investment, without specific limitations that were with casinos and offline skill games. Additionally, the Covid-19 pandemic made these games more appealing, since players and individuals were able to play these games on online websites, applications and portals without any physical presence required.
Source: Fatpos Global
Skill Gaming Market is classified based on Game Type into Card Based Games, Fantasy Sports, Puzzle Based Games, Table Games, and Others, Fantasy Sports segment is rapidly moving towards substantial growth with new future projects and changes. Fantasy sports games mock real-time sports like football, basketball, boxing, and others, which involves participants creating their teams or predicting final scores to earn real financial prizes and gifts. The widespread appeal of mainstream sports stands out as a key factor behind the increasing popularity of these fantasy-based games among sports enthusiasts. While the merger of virtual games with real-world sports has created an exciting blend, attracting a diverse audience and promoting an environment where individuals engage passionately in strategic team-building or score predictions, increasing the overall appeal of fantasy sports. While the integration of social media platforms and online communities has created a great bonding among the fantasy sports enthusiasts. Players can now communicate and share their experiences with global communities.
Skill Gaming Market is classified based on Mode Type into Online and Offline Modes. The online segment holds the majority share, with users gathering to the digital platforms like websites and applications to access these games. The appeal lies in the user-friendly interfaces and easy to use applications, improving the overall gaming experience. A significant advantage is the virtual availability of these games, allowing individuals to play from any world corner of the world without having any physical presence. Looking ahead, the online gaming market is experiencing significant expansion, enabling the inclusion of more users as variety of new game formats are being developed.
Source: Fatpos Global
Increase in Smartphone Use and Mobile Gaming will develop Market Growth
The rapid growth of technological devices is making skill-based games more accessible to a wider audience, especially in developing countries where mobile gaming is often the primary form of engagement. Fantasy games and card-based games are particularly well-adapted to mobile platforms due to being very simple and easy to play. As smartphone popularity continues to increase and mobile gaming expands, fantasy games and card-based games are poised for significant growth in mobile markets. Favourable growth in the technologic device industry and improved connectivity can develop the skill gaming environment. By using these trends, game companies can position themselves for success in this rapidly growing market.
Integration of Technology in Skilled Games will drive future market growth
The combination of Technology such as Machine learning and Artificial intelligence in skill-based games is creating exciting opportunities to improve the gaming experience. AI can generate opponents that are more challenging and exciting, offer game suggestions according to individual players, and enhance the fairness of matchmaking systems. ML algorithms can examine player data to recognize patterns and trends, enabling developers to fine-tune game mechanics and equilibrium. As technological advancements take place, new technology and its integration into skill-based games is anticipated to become even more recognizable, continuing to boost market growth.
Government Restrictions and Addiction problems facilitating Market Growth:
The skill-based gaming industry is facing problems due to government actions, like increased taxes on winnings, limitations on user activity, and banning platforms. These interventions have led to a slow growth in overall market growth. There’s an increasing concern among people that playing these games might lead to addiction and consecutive financial losses, rejecting the possibility of winning big prizes. The combination of government restrictions and growing awareness about associated risks poses a significant challenge to the growing skill-based gaming market.
Skill Gaming Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America currently dominates the Skill Gaming Market, with the United States and Canada experiencing remarkable growth in recent years. This increase can be credited to the accessible gaming infrastructure, including devices and consoles, as well as the financial ability and knowledge of individuals to involve in these skill-based games. The region is home to major skill-based gaming companies that significantly contribute to its booming industry.
The Covid-19 pandemic had a mix impact on the Skill Gaming Market, increased engagement with people spending more times, which increased the overall engagement and user growth. As casinos and arcade games saw a hit with restrictions, which boosted demand for online skill games. Popularity in E-sports segment also saw a competitive rise as traditional sports were annulled, which attracted various sponsors that used to sponsor the offline segments. While the pandemic saw some positives for the market, negatives such as regulatory restrictions which tightened gambling activity, with reduced spending on in-app purchase by the general public, due to financial uncertainty and intensive competition affected the market development. While, overall market had a mix impact, it helped the industry to grow significantly post-pandemic, with mobile gaming and e-sports becoming the key segments of growth.
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ATTRIBUTE |
DETAILS |
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Study Period |
2018-2034 |
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Base Year |
2023 |
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Forecast Period |
2024-2034 |
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Historical Period |
2019-2022 |
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Growth Rate |
CAGR of 13.5% from 2024-2034 |
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Unit |
Value (USD Billion) |
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Segmentation |
Main Segments List |
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By Skill Spectrum |
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By Game Type |
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By Modes |
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By Region |
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Skill Gaming Market is based on skill based games such as card games, table games, fantasy sports and others, in which individuals and people participate in order to win monetary prizes or gifts, the outcome and probability of winning depends solely upon the individual skills such as cognitive and physical ability.
Skill Gaming Market size was valued at USD 33.6 billion in 2023 and is projected to reach the value of USD 135.9 billion in 2034, exhibiting a CAGR of 13.5% during the forecast period.
Online mode of game playing accounted for the largest share in Skill Gaming Market.
Key Players in the Skill Gaming Market include, FanDuel, DraftKings, PokerStars, 888poker, William Hill, Bet365, Paddy Power, bwin, betfair, Sky Bet, Ladbrokes Coral, Betsson, Unibet, Vbe, Dream 11 and Other Prominent Players.
Easy access to the internet and user friendly structure of games, are the main factors driving growth of Skill Based Gaming Market.
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