Sportito expands into Brazil where DFS market could reach $1.5 billion by 2020

United Kingdom, London – 10-11-2019 (PRDistribution.com) — Sportito expands into Brazil 

Customers able to play daily Fantasy Sports in Brazil using the innovative and engaging features of Sportito platform

Sportito, one of Europe’s most recognised fantasy sports platforms (DFS), today announced the company will begin offering DFS contests to Brazilian consumers, only 4 months after the launch in India.

“Within the last few years, Brazil’s burgeoning fantasy sports market has dramatically evolved, feeding the appetite of the many passionate sports fans who love getting closer to the teams, athletes and sports they love” said Sportito Chief Executive Officer, Riccardo Mittiga. “Brazil is an important market for Sportito, as it combines most passionate football fans in the world with sophisticated, tech-savvy young (between 18 and 35) consumers – exactly the kind of people who love competing on Sportito.”

When it comes to Daily Fantasy Sports (DFS), a study carried out by Technavio  found that the growing market of DFS in Brazil could reach $1.5 billion by 2020, with a Compound Annual Growth Rate (CAGR) over 20%. Daily Fantasy Football contributes roughly 60% to the industry of DFS in this country.

Brazil is the first country in LATAM region where Sportito will operate and will mark the third country where Sportito is available to consumers. Sportito Brazil will offer to players international and domestic football (soccer) challenges, as well as Basketball, Tennis, Golf and Cricket. Plans are in place to introduce Volleyball and Hockey by years end. The players are free from the salary cap restrictions, allowing them to choose the top players without having to worry about the budget. Real time data is also available for the users to track their teams live, thanks to the partnership with Sportradar AG global data provider

“Soccer is widely played and followed in Brazil. Soccer, as a favorite national pastime, has a wide audience irrespective of gender, age, or economic status. The popularity of the game and the rising Internet penetration in the country have propelled the growth of fantasy soccer and therefore our decision to offer Sportito in Brazil in a similar path as we did in India” added Riccardo Mittiga, Sportito CEO

For more information on Sportito, please visit: www.sportito.com.br

 

About Sportito: Sportito was launched in the United Kingdom in 2016 and has come a long way. Offering users a daily fantasy sports platform with more profit and fun than traditional fantasy sports. Sportito is giving players the chance to win cash prizes every day without waiting a whole season to finish.

Since its launch, Sportito has achieved a striking increase in its user base thanks to a growing number of fantasy sports fans. Remarkably, Sportito has signed sponsorship deals with 3 historical English football clubs in the Premier League and Championship Queens Park Rangers FC, Burnley FC and Fulham FC as their official fantasy sports partners to introduce fantasy sports to the football fans reaching an audience of more than 1.5 Million fans in total. 

 

Contacts:

Email : [email protected]

Linkedin : https://www.linkedin.com/company/sportito-group/

Media Contacts:

Company Name: Sportito
Full Name: Jessica Taylor
Phone:
Email Address: Send Email
Website: https://www.sportito.co.uk

For the original news story, please visit https://prdistribution.com/news/sportito-expands-into-brazil-where-dfs-market-could-reach-15-billion-by-2020.html.

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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