- Sports industry continues healthy growth with four percent CAGR
- Sports fans are the wealthiest Americans
- Sports app gives fans an avenue to cheer and vent
The sports industry in America is thriving. With some 60 percent of Americans identifying as sports fans, the revenues from games, accessories, TV rights and hot dogs must be in the hundreds of billions of dollars. Sports fans, it seems, have money to spend, an observation borne out by Gallup, which found that a higher proportion of wealthier Americans are sports fans than their less well-heeled neighbors. FANDOM SPORTS Media Corp. (CSE: FDM) (OTC: FDMSF) (FRANKFURT: TQ42) is out to score with these big spenders. The company is launching an aggressive digital marketing campaign to launch its Android Sports App.
Even though the sports industry in America continues to grow at a CAGR of four percent, up from $60.5 billion in 2014 and expected to reach $73.5 billion by 2019, according to Forbes, the proportion of American “sports fans” remains steady at around…
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