The global fantasy sports market is on track to surpass an amazing $60 billion by 2025! Among all the options, hockey continues to be one of the fastest-growing fantasy sports that users are excited about. Developing a Fantasy hockey app is a thrilling opportunity for new businesses, especially given the recent surge in fan engagement and the quick pace of technological advancements.
Here are the top 5 reasons to choose Fantasy Hockey for Your Fantasy Sports Business.
Rising Popularity
With the expansion of the NHL and several international tournaments, hockey is gaining a larger following globally. As with any other sport, an increasing number of fans are looking for interactive ways of engaging with the favourite teams and players, which also makes fantasy hockey an attractive proposition.
High User Engagement
Unlike other sports, hockey has multiple matches each week, ensuring continuous user involvement. Fantasy hockey keeps users engaged throughout the season as they strategize, make transfers, and compete against others daily.
Revenue Potential
There are plenty of revenue generation opportunities like charging admission into the leagues, in-app purchases, sponsored ads, etc. As more and more users are willing to pay for premium features, this becomes quite a financially rewarding market.
Technological advancements
The advanced technologies, such as AI-driven player analysis, blockchain, and real-time data analytics, have transformed the fantasy sports world. These technologies enhance user engagement and contribute to greater credibility for fantasy hockey platforms.
Loyal Fan Base
Hockey fans are extremely passionate about and loyal to this sport. A properly designed fantasy hockey app can successfully entice captive hockey viewership into active engagement and participation for retention and loyalty.
With the fantasy sports industry in an upswing, niche markets are proving to be trend-setting markets. In mainstream sports, fantasy hockey presents a unique, untapped opportunity for startups to open their space in the industry.