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Recent Comments

    fantasy sport

    Fantasy Sports in India expected growth at 30% CAGR till 2027

    India is the world’s fastest-growing fantasy cricket market. The fantasy sports platforms are cashing in big with fantasy cricket apps on everyone’s top of the screen and in their minds. It is clocking 18 crores user base with over 300 fantasy sports companies battling in for the pie. Not the metros, but the Tier-II and Tier-III cities are recording 60% of the user transactions on online fantasy games platforms.

    As per the joint study between Deloitte and FIFS, the Federation of Indian Fantasy Sports, India’s fantasy sports user base, is three times that of North America. The 20-year-old Indian fantasy sports industry generated revenue of 6.800 crores in FY’22 almost tripled from FY’20. Fantasy cricket platforms are the catalysts and Gamechanger for the Indian fantasy sports economy, which is merrily riding this growth wave with high revenue generated and added to India’s earnings.

    The table below offers a quick glimpse of both revenue sides.

    We have collated the data from a report by FIFS, the statutory regulatory body for fantasy sports in India, collaborating with the services firm Deloitte India.

    Revenue SourceAmount
    Direct revenue Generated6800 crores
    Paid in corporate tax & TDS between FY’18 & FY’221700 crores
    Expected in corporate taxes and TDS between FY’23 & FY’2711300 crores
    Investment raised till FY’2215000 crores
    Indirect revenue generated in FY’22 covering cloud, fintech, and advertising6200 crores
    Expected FDI by the end of CY’2425000 crores
    GST contribution between FY’18 and FY’222800 crores
    GST contribution between FY’23 and FY’2714700 crores
    Created high-skilled jobs12800
    The expected addition of high-skilled jobs by FY’277000
    Invested through sponsorships in FY’223100 crores
    Expected sponsorship revenue growth in FY’276500 crores

    For the benefit of the people new to fantasy sports, daily fantasy cricket India is a recent phenomenon popular among the millennials hooked up constantly to their smartphones.

    On the fantasy cricket app, the users log in to their registered accounts using their fantasy cricket login credentials and create virtual teams with real-life players from the list of the playing 11 of a live match or tournament.

    Daily fantasy cricket users can earn points by competing with other user-created teams based on the real-life performance and statistics of the players, and these points even get them real money.

    Fantasy sports companies calculate the results after the match based on how the players performed in the live contest.

    The number of people in India using fantasy sports has risen to 18 crores in FY’23, and the industry expects it to reach 50 crores by FY’27.

    The industry expects revenue growth from 262 crores in FY’18 is at 25300 crores in Y’27. In FY’23, it is at 8900 crores. In FY’22, it closed at 6800 crores.

    The following table represents the trajectory of Indian fantasy sports growth.

    Year/forecasted yearRevenue (in crores)
    FY18262
    FY19924
    FY202470
    FY215200
    FY226800
    FY238900
    FY2411700
    FY2515700
    FY2619700
    FY2725300

    The fantasy sports industry in India at a Glance

    HeadsNumber
    Total Valuation of Fantasy Sports in India75000 crores
    Direct Jobs in FY225000
    Indirect Jobs in FY227000
    Start-ups funded by fantasy Sports Platforms (FSPs)15+
    Unicorns03
    Spent towards the growth of the sports ecosystem through sponsorships & partnerships with various sports leagues in FY’223100 crores
    Expected contribution towards the development of sports through marketing and sponsorships for various sports leagues6500 crores

    Final Thoughts

    Fantasy sports have taken the top space on the screen and in the minds of Indian sports fans, especially with fantasy cricket. With cricketing tournaments underway, like T20 contests in India, which are speeding up and gaining momentum, the Indian fantasy sports companies expect a north leap on their user base. The question remains, if online fantasy game is legal, why not online betting?

    Read More:
    1. Strategies to Earn from Daily Fantasy Cricket
    2. How To Earn Money From An Online Fantasy Game?
    3. Tips to Play Fantasy Cricket Like a Pro!

    Posted on May 9, 2023May 9, 2023Author support@11wickets.comCategories daily fantasy cricket, fantasy app, fantasy cricketTags best fantasy cricket sites in india, best online cricket games, cricket fantasy, cricket fantasy app, daily fantasy cricket, daily fantasy cricket india, fantasy app, fantasy cricket, fantasy cricket app, fantasy cricket game, fantasy cricket league, fantasy cricket login, fantasy cricket sites, fantasy cricket website, fantasy games, fantasy games online, fantasy gaming apps in india, fantasy league, fantasy premier league, fantasy sites in india, fantasy sports, fantasy sports India, how to play fantasy cricket, india fantasy cricket, online cricket, online cricket game, online fantasy cricket, online fantasy game, play cricket online, play online cricket games

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