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I think there will be games for a long while for the major sports. Soccer, football, baseball, basketball and hockey. I wouldn't be surprised to see the day that college football meets the same end as college basketball, and it won't have anything to do with EA making it. Regardless of who would be making it, the day will come where it's too costly on the company's bottom line to make a college football game.
So the major sports will continue, but we'll see where things have already gone. There will only be one game, whoever the companies making them at the time in the future are, but there will only be one company, one game. The days of multiple, competing titles in sports are dead and gone. Two companies dueling it out may make for a "cold war" battle trying to improve the game more and put more features in the game than the other company and may make for better games, but it'll lead to lost money for both companies with splitting the number of games sold. So they'll keep trying to get the solo licenses instead of ending up in selling wars with other companies and, regardless of how great or bad the game is, lose money because the other company will sell at least some copies.
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