Asia

India Fantasy Sports Market Size/Share Worth USD 72.06 Billion by 2030 at a 13.9% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

Published

1 year ago

April 20, 2023

Reading Time: 8 minutes

Custom Market Insights has published a new research report titled “India Fantasy Sports Market Size, Trends and Insights By Sports Type (Cricket, Football, and Others), By Platform (Website and Mobile Application), By Demographics (Under 25 Years, 25-40 Years, and Above 40 Years), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2030” in its research database.

“According to the latest research study, the demand of India Fantasy Sports Market size & share was valued at approximately USD 25.44 Billion in 2022 and is expected to reach USD 28.98 Billion in 2023 and is expected to reach a value of around USD 72.06 Billion by 2030, at a compound annual growth rate (CAGR) of about 13.9% during the forecast period 2022 to 2030.”

The CMI Intelligence Team reports that the increasing number of annual sports events and leagues, such as the IPL T20, Vivo Pro Kabaddi League, and ICC Cricket World Cup, along with the rising popularity of various media channels, such as YouTube channels, vlogs, TV shows, blogs, and forums, where experts analyze upcoming trends related to fantasy sports is significant.

India Fantasy Sports Market: Dynamics

The India fantasy sports market has seen significant growth in recent years, with several factors driving the market dynamics.

Here are some of the key dynamics impacting the market:

Increasing the Internet and smartphone penetration: The proliferation of smartphones and the availability of affordable Internet services have led to the widespread adoption of fantasy sports in India. The increased accessibility of digital platforms has made it easier for users to participate in fantasy sports, leading to a rise in the number of users.
The popularity of cricket: Cricket is the most popular sport in India, and it has a significant fan base, which has translated into the growth of fantasy sports in the country. Fantasy cricket is the most popular category of fantasy sports in India, and it accounts for a significant share of the overall market.
Rise in disposable income: With a rise in disposable income, there has been an increase in discretionary spending on entertainment and leisure activities, including fantasy sports. Users are willing to spend money on in-app purchases, subscription fees, and other features offered by fantasy sports platforms.
Partnership with sports leagues: Fantasy sports platforms have partnered with major sports leagues, such as the Indian Premier League (IPL) and the Pro Kabaddi League, to gain visibility and reach a wider audience. These partnerships have also helped to increase user engagement and participation.
Legalization and regulation: The Indian government has legalized and regulated fantasy sports, which has brought more transparency and legitimacy to the industry. This has helped to build trust among users and has led to a rise in the number of users and investments in the industry.

In conclusion, the India fantasy sports market has been driven by various factors, including the increasing internet and smartphone penetration, the popularity of cricket, the rise in disposable income, partnerships with sports leagues, and legalization and regulation. The market is expected to continue growing in the coming years, with new players entering the market and existing players investing in new features and services to engage users.

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
Includes Tables and figures have been updated
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the India Fantasy Sports report has been modified to include the COVID-19 impact study prior to delivery.)

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 28.98 Billion
Projected Market Size in 2030	USD 72.06 Billion
Market Size in 2022	USD 25.44 Billion
CAGR Growth Rate	13.9% CAGR
Base Year	2022
Forecast Period	2023-2030
Key Segment	By Sports Type, Platform, Demographics, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North India, West and Central India, South India, East India
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

India Fantasy Sports Market: COVID-19 Analysis

The COVID-19 pandemic had a mixed impact on the India fantasy sports market. While the pandemic led to the cancellation or postponement of several sports events, including the Indian Premier League (IPL) and the Indian Super League (ISL), it also led to an increase in the adoption of fantasy sports as a form of entertainment among users stuck at home. Here are some of the key impacts of the COVID-19 pandemic on the India fantasy sports market:

A temporary decline in revenue: The cancellation or postponement of major sports events, such as the IPL and the ISL, led to a temporary decline in revenue for fantasy sports platforms. These platforms rely heavily on these events to attract users and generate revenue through sponsorships and advertising.
Increase in user engagement: With people staying at home due to lockdowns and social distancing measures, fantasy sports became a popular form of entertainment. Users were able to connect with other users online and participate in fantasy sports leagues, providing a sense of community and social interaction during a time of isolation.
Shift in user Behavior: The COVID-19 pandemic led to a shift in user behavior, with users spending more time on digital platforms. This led to an increase in user acquisition for fantasy sports platforms as they could reach a wider audience.
Return of sports events: The resumption of sports events, albeit with restrictions and safety protocols, led to a gradual recovery in the India fantasy sports market. The IPL and the ISL were both held successfully in 2020, and this helped to boost the revenue and engagement for fantasy sports platforms.

Key questions answered in this report:

What is the size of the India Fantasy Sports market and what is its expected growth rate?
What are the primary driving factors that push the India Fantasy Sports market forward?
What are the India Fantasy Sports Industry’s top companies?
What are the different categories that the India Fantasy Sports Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the India Fantasy Sports market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2022−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

List of the prominent players in the India Fantasy Sports Market:

Dream11 (Dream Sports Group)
Mobile Premier League (MPL) (Galactus Funware Technology Private Limited)
11 Wickets.com (Ability Games Pvt. Ltd)
BalleBaazi
MyTeam11
MyFab11
Paytm First Games Pvt. Ltd.
Head Digital Works Pvt Ltd.
Fantasy Power 11
Halaplay
Cricplay
Fanfight
Zapak
Sports Junki
My11Circle
Fancy 11
Ftoss
Livepools
Vision11 Private Limited
CrickPe (Third Unicorn Private Limited)
Others

(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

Key Market Segmentation:

CMI Team provides an analysis of the key trends in each sub-segment of the India fantasy sports market report, along with forecasts at the country and regional level from 2023-2030. Our report has categorized the market based on sports type, platform, and demographics.

By Sports Type:

Cricket
Football
Others

By Platform:

Website
Mobile
Application

By Demographics:

Under 25 Years
25-40 Years
Above40Years

By Region:

North India
West and Central India
South India
East India

Spectacular Deals

Comprehensive coverage
Maximum number of market tables and figures
Subscription-based option offered
Best price guarantee
Free 35% or 60 hours of customization.
Free post-sale service assistance.
25% discount on your next purchase.
Service guarantees are available.
Personalized market brief by author.

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This India Fantasy Sports Market Research/Analysis Report Contains Answers to the following Questions.

Which Manufacturing Technology is used for India Fantasy Sports? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Key Players in This India Fantasy Sports Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Market Status of the India Fantasy Sports Market? What Was the Capacity, Production Value, Cost and PROFIT of the India Fantasy Sports Market?
What Is the Current Market Status of the India Fantasy Sports Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of India Fantasy Sports Market by Considering Applications and Types?
What Are Projections of the India Fantasy Sports Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is India Fantasy Sports Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On India Fantasy Sports Industry? What are Macroeconomic Environment Analysis Results? What Are Macroeconomic Environment Development Trends?
What Are Market Dynamics of India Fantasy Sports Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for India Fantasy Sports Industry?

Reasons to Purchase India Fantasy Sports Market Report

India Fantasy Sports Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
India Fantasy Sports Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
India Fantasy Sports Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
India Fantasy Sports Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the India Fantasy Sports market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide India Fantasy Sports market analysis.

The competitive environment of current and potential participants in the India Fantasy Sports market is covered in the report, as well as those companies’ strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide India Fantasy Sports market should find this report useful. The research will be useful to all market participants in the India Fantasy Sports industry.

Managers in the India Fantasy Sports sector are interested in publishing up-to-date and projected data about the worldwide India Fantasy Sports market.

Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in India Fantasy Sports products’ market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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2 RAIDS NET 10 CHINESE, 26 PINOYS FOR ILLEGAL GAMES, ONLINE SCAMS

Published

10 hours ago

May 2, 2024

Adrienn Sarkany

Reading Time: 2 minutes

The Philippine Amusement and Gaming Corporation (PAGCOR) today said 10 Chinese nationals and 26 Filipinos have been arrested in two separate operations against illegal gaming operations and online scams in Laguna and Parañaque City since Tuesday.

The first operation in Biñan, Laguna on Tuesday, May 1, resulted in the arrest of 16 people who were running an illegal online raffle on Facebook. The raiders are from the Philippine National Police Anti-Cybercrime Group (PNP-ACG) and the PAGCOR security group.

The suspects, which run the FB Page Lucky Dream 4, were caught red-handed in their office located inside a subdivision while livestreaming their 50th raffle event.

Earlier today, May 2, another group of suspects that included 10 Chinese nationals were arrested by joint elements of the CIDG-NCR and PAGCOR inside a house in Multinational Village, Parañaque for violation of the Anti Trafficking in Persons Act (RA 9208), Alien Registration Act (RA 562) and Cybercrime Prevention Act (RA 10175).

PAGCOR Chairman and CEO Alejandro H. Tengco said the arrests are part of the state gaming agency’s intensified campaign against illegal online gambling and other illicit activities through strengthened collaboration with law enforcement agencies.

“We have been receiving reports of illegal online activities including those in social media platforms. As the country’s gaming regulator, it is our duty to protect the public – especially the youth — from these illegal online gambling sites,” he said.

PAGCOR Senior Vice President for Security Cluster Raul Villanueva said Lucky Dream 4, which has 111,000 followers on Facebook, was conducting live online raffles that offered second-hand modified motorcycles as prizes.

Villanueva said that in one raffle event, the group can sell an average of 40,000 to 50,000 tickets, with each ticket costing Php40.

“They have amassed over Php8 million from the time they started this illegal online operation because in one draw, they can sell as many as 50k tickets,” Villanueva said.

“Ang masaklap nito, karamihan sa miyembro ng grupong ito ay kabataan. Ang pinaka-matanda sa kanila ay 27 years old pa lang,” he said.

“The Lucky Dream 4 group is obviously engaged in an illegal online gaming activity. Negosyo na ang ginagawa nila. They need to secure a license from PAGCOR if they want to operate an online gaming platform,” Villanueva added.

In the Parañaque raid, Villanueva said authorities arrested seven male and three female Chinese nationals believed to have been part of a group that managed to escape from an earlier raid on a large gaming compound in Bamban, Tarlac last March.

Nine Filipino female workers were also rescued, while one 1 Filipino male serving as a bodyguard was arrested for possession of an undocumented .45 caliber pistol.

The raiders also confiscated around 75 mobile phones, 30 desktop computers, 50 laptops, assorted credit cards, two cars and one motorcycle along with assorted Chinese government documents.

Two vaults were also found in the house located at 18 Teheran Street inside the exclusive subdivision.

Police said the Chinese suspects were engaged in scamming activities such as love and cryptocurrency scams similar to the illegal activities in the Bamban, Tarlac compound which was raided last March.

Asia

Esports media platform TalkEsport raises $1 million in pre-series A funding round

Published

12 hours ago

May 2, 2024

Adrienn Sarkany

Reading Time: 3 minutes

TalkEsport, India’s leading esports media platform, announced today the successful closure of its pre-series A funding round, securing a significant investment of $1 million from Saswat Ventures. The substantial investment underscores TalkEsport’s robust growth trajectory and reaffirms its position as a pioneering force in the esports industry.

Founded in 2011, TalkEsport was set up with a vision to bring timely news and updates to gaming communities worldwide. As India’s oldest esports media platform, the company now caters to millions of gamers worldwide through its website and social media channels. TalkEsport plans to utilize the investment to scale up its core website while launching a highly interactive application for its audience and setting up a state-of-the-art production studio in Mumbai. Through it, the company will be launching exclusive content IPs focused on gaming and esports.

“We are delighted to welcome Saswat Ventures as our strategic partner,” exclaimed Deepak Ojha, Founder and CEO of TalkEsport. “Their belief in our vision and commitment to the esports ecosystem align seamlessly with our mission to redefine gaming experiences globally. With this investment, we will be scaling up our newsroom to cater to gaming communities worldwide while launching new content IPs targeted towards Indian and international audiences.”

Saswat Ventures, a family fund set up by Mr. BL Sharma, Principal, shares a vision of catapulting TalkEsport into a global phenomenon. Mr. Sharma has businesses across the country and expressed his confidence in TalkEsport’s potential to revolutionize esports media and connect with a vast audience of passionate gamers worldwide, “We believe in TalkEsport’s potential to become a global platform for esports enthusiasts worldwide.”

Trilochan Sharma, a seasoned expert in compliance matters, joins TalkEsport’s board as the Director of Compliance. His wealth of experience will ensure adherence to regulatory standards and bolster the company’s governance framework.

In addition to this pivotal investment, TalkEsport is proud to announce key developments that highlight its commitment to innovation and growth:

Production Studio in Mumbai

TalkEsport is excited to unveil its state-of-the-art production studio in Mumbai. This cutting-edge facility will serve as the epicenter for creating high-quality esports content, launching content IPs, live broadcasts, interviews, and immersive gaming experiences.

Pranav Nalawade, the Editor-in-chief of TalkEsport, said, “Our new era of esports coverage will begin not only with TalkEsport’s revolutionary approach in publishing news and covering esports events but also high-quality esports content courtesy of our new production studio. As one of the oldest esports media platforms, we have built an audience that relies on us for our history of trustworthy and reliable news. Now, we want to double up on this audience, reforming the way content around esports is consumed in India and abroad through podcasts, media, short-form content, and analytical stories – both in the form of video and text.”

Upcoming Mobile App Launch

Furthermore, TalkEsport is gearing up for the launch of its mobile application soon. This innovative app promises to redefine how gamers access news, engage with esports communities, and participate in live tournaments, all from the convenience of their mobile devices.

“Proceeds of the $1 million will be utilized in creating a robust team of gaming enthusiasts and expanding our global reach,” added Deepak. “This investment not only propels TalkEsport’s growth initiatives but also fuels our mission to provide unparalleled experiences for esports enthusiasts worldwide.”

Through its application, esports viewers will be able to get live coverage of esports tournaments, scores, and interviews. Additionally, they will be able to participate in community tournaments, thus providing an end-to-end immersive experience from the convenience of their mobile devices.

The media company continues to lead the charge in transforming the esports landscape, fostering community engagement, and pushing the boundaries of gaming innovation. The company’s dedication to excellence, coupled with strategic partnerships and visionary leadership, sets the stage for an exciting chapter in esports media.

Asia

Delasport Signs a Sports Deal with Philippines’ Leading Regulated Operator OKBET

Published

3 days ago

April 30, 2024

George Miller

Delasport Signs a Sports Deal with Philippines’ Leading Regulated Operator OKBET

Reading Time: < 1 minute

Award-winning iGaming supplier in regulated markets Delasport has just signed a sports deal with Philippines’s number 1 operator OKBET.

The leading software developer will provide sports-services to their new partner, enhancing the experience of sports bettors in the Philippines even further.

“We’re proud to supply our services to such a strong partner as OKBET, and to an exciting and steadily growing market as the Philippines”, Delasport’s CEO Oren Cohen Shwartz comments on the agreement.

Regulated Philippines is marking a stable 5% year-to-year growth with the number of users expected to reach almost 6 million by 2029.

This is yet another deal for Delasport, with the global supplier’s expansion in regulated markets happening at full force.

Same goes for OKBET who have been holding the number one operator spot in iGaming in the Philippines for a long time now.

“I’m excited that OKBET and Delasports are joining forces to redefine the landscape of online sports gaming in the Philippines”, OKBET’s COO Wayne Thong also comments on the deal. “This partnership combines OKBET’s local market expertise with Delasports’ global industry leadership, creating new opportunities for innovation and customer satisfaction. OKBET and Delasports share a common vision for the future: a vibrant and dynamic platform that caters to the diverse interests of sports enthusiasts. By combining cutting-edge technology with a deep understanding of user preferences, this collaboration aims to set new standards for the industry.”