isurajitroy.com
The market size soared to Rs 34,600 crore in FY21, with projected growth to Rs 1,65,000 crore by FY25, boasting a remarkable CAGR of 38%.
India's real money gaming (RMG) sector dominated with a $1.5 billion market size in FY 2022, surpassing eSports. Projected CAGR of 27% anticipates significant growth by FY 2027.
In 2023, cricket dominated Indian fantasy sports with 85% of registered users, followed by kabaddi at 26%. Other sports like handball and baseball gained traction amid the pandemic.
0218
Smartphones and affordable Internet access have made fantasy sports popular in India. Digital platforms make fantasy sports easier to play, increasing user numbers.
Cricket large fan base has led to the creation of fantasy sports. India's most popular fantasy sports category is fantasy cricket, which dominates the market.
More discretionary income means more fun, including fantasy sports. Fantasy sports fans love in-app purchases, memberships, and other incentives.
IPL and Pro Kabaddi League have partnered with fantasy sports sites to boost visibility and audience. User participation has grown due to these agreements.
The Indian government licensed and regulated fantasy sports, making them more transparent and legitimate. This boosts user trust and industry investment.
FY22 fantasy sports users in India were youthful, 40% were 25–34, evenly split between metros and non-metros, and mostly male. About 60% of fantasy sports transactions are from tier 2 and 3 locations, and 40% of users participate more than once a week. Only 20% register for paid contests.
0218