India Fantasy Sports Market Size, Statistics, Growth Trend Analysis, and Forecast Report 2022-2032

Indian Fantasy Sport Market is segmented by Sports Type (Football, Kabaddi, Basketball, Hockey, Cricket, Others), by Platform (Website, Mobile Application), by Demographics (Under 25 years, 25-40 years, above 40 years), and Key Market Players (Dream 11, Halaplay, MPL- Mobile Premier League, Cricplay, Fanfight, 11, Zapak, BalleBaazi, MyTeam11, Rummy Circle, MyFab 11, Paytm first game, Sports Junki, My11Circle, Fancy 11, Ftoss, Livepools)

  • Report ID : MD2910
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  • Pages : 120
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  • Tables : 49
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Indian Fantasy Sport Market size exceeded USD** in 2021 and is estimated to achieve over **% CAGR during the forecast period.
Fantasy Sports are virtual guessing games in which the players assemble a virtual team of real-life athletes and then gain points by converting real-world statistics into fantasy points. The better your player does in real life, the more your fantasy points. Unlike online gaming fantasy sports cannot be played 24/7 and time spent on the app is limited to making your fantasy sports team, that too before the live match begins and so this makes it a non- addictive form of engagement. The skill of a player is required for a game to be classified as a game of skill, and success is based on the merit of the player, whereas a game of chance is distinguished by a high degree of likelihood and chance, with the merit of the player playing little or no part.
Fantasy sports are evidently triumphing in the arena of online gaming across the world. The emergence of cricket in the said sector has sky-rocketed the passion for fantasy sports and it is not unusual for us to see our favorite players endorsing fantasy sports apps. Prominent players (M.S. Dhoni, Virat Kohli) have teamed with official sports leagues (IPL, Test Matches, Kabaddi leagues) as their fantasy sports games partner in fantasy sports such as Dream11, My Team11, Halaplay, 11 Wickets, Starpick, and Fantain.

This has greatly aided in maintaining the reputation of their apps and websites. From being a niche market to sponsoring the largest T20 cricket league, fantasy sports have surely come a long way. They have revolutionized the online gaming experience, now fans not only participate as passive spectators but also, form their own teams and contest against many others.
Growth Analysis

The number of fantasy sports participants in India has climbed by 700% in the last 10 years, while the number of fantasy sports users has increased by 2500%. India offers a diverse selection of sports entertainment, from fantasy cricket to fantasy kabaddi. And, as a result of their major possibility, fantasy sports have sparked tremendous interest in virtual sports among Indian gamers. Covid-19s mandated lockdown also considerably accelerated the growth of numerous enterprises beyond expectations. Many people were finally able to enjoy more leisure activities at home due to work from home laws, one of which was fantasy sports in their spare time. The gross income produced by the fantasy sports sector by FY2020 was 2,400 crores (US$ 340.47 million), while the market size was Rs 920 crore (US$ 131.64 million) in 2019. This suggests that during the epidemic, the size expanded thrice.

Fantasy sports in India

Fantasy sports contests have introduced sports fans to sporting events that would not have traditionally gained popularity in India. Fans are now watching sports such as kabaddi, hockey, women’s football, and cricket, and the exposure to such events on FS platforms is restructuring the sports appetite and viewership of sports fans in the country. On the other hand, live-streaming capabilities and the availability of sporting content across traditional and nextgen platforms have further increased user engagement across Fantasy sports platforms. Consistent fan engagement, therefore, is leading to greater viewership and TRP, thereby attracting more sponsorships and the overall development of the sports infrastructure.

Further, the growth in the Indian FS industry is expected to be driven by advancing sporting infrastructure and the popularity of sporting leagues across the country. This growth is also aided by several key environmental factors such as increased media digitization, simplified digital payment platforms, increased adoption of affordable smartphones, and significant global investments in high speed internet infrastructure.

Segmentation Analysis

Most users of Fantasy Sports in India are between the ages of 25 to 40 years. 25% – 30% of the investments used for playing these sports come from the pockets of the players. The annual income of more than 70% of the pay- to- play users is more than 3 lakhs per annum. And, 75% of the respondents play fantasy sports 3 times a week and 20% of the respondents reported playing more than five times a week. Its observed fairly consistent in the age group of 18-24 and 25-36 with nearly 80% of the respondents playing 1-3 times a week, the 37-50 age groups was seen to have a much higher engagement. Nearly 50% of the respondents in the 37-50 age group reported playing fantasy games more than four times a week.

In the startup culture, the Indian fantasy game business has begun to thrive. Cricket sports have been shown to be more popular in fantasy gaming than any other sport. Football, kabaddi, basketball, and other sports followed. This graph shows the category of sports played by gamers in online fantasy sports platforms across India in 2019.


Competitive Analysis
The number of companies in the fantasy sports sector is rapidly expanding in India. There were around ten players in India till 2016, and the number of market players has since increased to 150 in total. Dream 11 is a founding member of the Federation of Indian Fantasy Sports (FIFS) and one of Indias most important participants in the fantasy sports sector. And several of these people are on the list of those who are effectively pushing industry expansion on their own such as MyTeam 11, Rummy Circle and Ftoss.
Strategic Development
• March 2022: India becomes worlds biggest fantasy sports market with 13 Crore users. Cricket will continue growing at 30 percent CAGR over the next four years and remain the highest contributor to the overall revenue of the fantasy sports industry.
• March 2022, EarnU, a crypto-friendly fantasy sports platform, has entered Indian market for the Indian Premier League (IPL) 2022.
• January 2022, Fantasy Sports added Rs 3,000 cr to Indian sports economy in FY21
• June 2022, Fantasy Akhada is finding its niche in Tier II cities and beyond. It was one of the last players to enter the fantasy arena, but Fantasy Akhada has been successful in wooing masses beyond Indias metro cities.
• April 2022, My11Circle developer raises US$75m to develop Indian fantasy sports platform. Games24x7 has developed several mobile titles for the Indian market and offers daily fantasy games.
• June 2022, FanClash, a two-year-old Indian startup, attempted to bring esports such as sleeper hit titles PUBG Mobile, COD and DOTA 2 to this fantasy sports world. Investors predicted that this model and the FanClash team will deliver, and said that they have poured $40 million of fresh funding into the startup.
Years considered for this report
• Historical Years: 2021
• Base Year: 2021
• Forecast Period: 2022-2032
Fantasy Sports Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue (2022 – 2032)
• Data breakdown for every market segment (2022 – 2032)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
• Sports Type Analysis (Revenue, USD Million, 2022 – 2032)
o Football
o Kabaddi
o Basket Ball
o Hockey
o Cricket
o Others
• Platform Analysis (Revenue, USD Million, 2022 – 2032)
o Website
o Mobile Application
• Demographics Analysis (Revenue, USD Million, 2022 – 2032)
o Under 25 Years
o 25 - 40 Years
o Above 40 Years
Key Market Players in Fantasy Sports Market
• Dream 11
• Halaplay
• MPL- Mobile Premier League
• Cricplay
• Fanfight
• 11
• Zapak
• BalleBaazi
• MyTeam11
• Rummy Circle
• MyFab 11
• Paytm first game
• Sports Junki
• My11Circle
• Fancy 11
• Ftoss
• Livepools

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Indian Fantasy sports Market Research Report
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