Fantasy sports booms in India

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Name Nagma
Date Published October 23, 2020
Category Other Services
Country India
State Maharashtra
City Mumbai
Area
Address
Number of Visits 35

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Description

The fantasy sports sector has grown exponentially in India over the past few years. As per the Federation of Indian Fantasy Sports, gross revenues rose up to 2,400 crore (US$326 million) for the 2020 fiscal year from the 920 crore (US$125 million) that was generated in 2019.

To put things in perspective, the number of fantasy sports users in India has risen from just 2 million in the year 2016 to more than 90 million in 2019.

Roland Landers, head of the All India Gaming Federation said: “Online skill gaming in India was already on a growth trajectory in the first half of the calendar year and the last quarter has witnessed a major spike in the business.”

Fantasy sports operators are turning into major players, with industry leader Dream11 winning the title sponsorship rights for the upcoming IPL tournament a testament to this fact. Moreover, Dream 11’s parent company recently raised US$225 million in its latest round of funding.

Ranjana Adhikari, a lawyer with legal firm Nishith Desai associates foresees the upcoming IPL tournament as a perfect platform for fantasy sports operators to come roaring back from the negative impact of the nationwide lockdown due to coronavirus.
To know more: https://www.gaming360.in/fantasy-sports-booms-in-india/


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