Fantasy sports is a form of online gaming where participants assemble imaginary teams of professional athletes from leagues in different sports. These teams compete against each other based on the statistical performance of the players in real-life matches. India has recently seen an uptake in Fantasy Sports platforms, with many popular homegrown and international platforms gaining traction.
The industry is expected to grow significantly in the next few years. Here’s a look at what’s driving this growth and some of the key players in the market.
How far Has Fantasy Sports Come in India
According to the Indian Federation of Sports Gaming (IFSG), the fantasy India sports market is expected to reach over $5 billion in the next two years. This industry is not only attracting customers but is also very popular among Venture Capitalists.
The IFSG-KPMG report states that over 60 fantasy sports platforms currently cater to approximately 20 million players in India. By the end of 2019, it is expected that 100 million sports fans will be taking part in one or more fantasy sports apps or platforms. The mass availability of mobile 4G networks was initiated by Reliance Jio and is one of the reasons for the popularity of fantasy sports in India.
So, besides the regular slots and popular Indian games like Andar Bahar and Teen Patti, Indian players now engage in fantasy sports. You can read a text about Andar Bahar games and Teen Patti in reviews. Two out of three sports fans in India know of fantasy sports, and the industry is snowballing.
India Fantasy Sports & Leagues
India is a country with a long and rich history of sporting traditions. From cricket to Kabaddi, Indians have always been passionate about sports. In recent years, there has been a growing trend of Indians playing fantasy sports.
Fantasy sports are online games where players can create their own teams of real-life athletes and compete against other players. The most popular fantasy sports in India are cricket, football, basketball, and hockey. Fantasy cricket leagues have particularly gained a lot of popularity in recent years.
With the launch of several fantasy sports apps during the 2008 Indian Premier League (IPL), it has become easier than ever for Indians to play fantasy sports. Other games that can be played through these apps include Formula 1, rugby, golf, volleyball, tennis, and squash. With so many different games to choose from, there is something for everyone when it comes to fantasy sports in India.
What Differentiates Fantasy Sports from Betting?
Fantasy sports and betting are often lumped together, but there are actually some key differences between the two activities. For one thing, fantasy sports tend to be played in a more casual setting among friends, while betting is often done in a more formal setting, such as at a casino or racetrack.
Additionally, fantasy sports typically involve drafting a team of players and then following their real-life performance over the course of a season, while betting generally involves picking winners and losers of individual games. Fantasy sports also usually involve playing for fun and bragging rights rather than for money.
Finally, fantasy sports leagues typically last for an entire season, while bets can be made on single games or even on single plays. While there are some similarities between fantasy sports and betting, the two activities are actually quite distinct. Understanding the differences can help you decide which one is right for you.
What is the Legality of Fantasy Sports in India?
Fantasy sports have grown in popularity in recent years, with millions of people around the world playing games that allow them to draft, manage, and compete with virtual teams of real-life athletes. India is no exception, with a large and passionate fantasy sports community. However, the legal situation surrounding fantasy sports in India is somewhat uncertain.
Fantasy gaming is not mentioned as a subject in Schedule VII of the Indian Constitution. However, the Constitution recognizes gambling and betting as legislative issues and has included them in List II, Entry 34 of the Seventh Schedule, giving the State the authority to legislate on the subject. As a result, some states have banned fantasy sports entirely, while others have enacted specific laws regulating their play.
The situation is still fluid, and it remains to be seen how the law will ultimately evolve in India. In the meantime, fantasy sports players must stay informed of the latest developments to ensure that they are playing within the bounds of the law.
The Indian fantasy sports industry is growing rapidly, with an estimated market size of $5 billion by 2020. This number is expected to grow as more people get into the sport and regulation improves. The industry is currently unregulated, which has led to several scams and cheating allegations. However, there are some companies that are working to create a legal and regulated environment for the industry.
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Fantasy cricket is the most popular format in India, followed by fantasy football and then fantasy Kabaddi. A few major players in the Indian fantasy sports industry include Dream11, HalaPlay, My11Circle, StarPick, and SportzPools. Dream11 is the current leader in the Indian market, with over 10 million users. The future of the Indian fantasy sports industry looks bright with continued growth potential and increasing regulation.
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