tipFantasy sports apps are becoming popular every year and in the last two years, we saw a rapid growth in the fantasy sports market. Even in the last few months, new fantasy-based startups were launched and without any struggle, they picked good growth. Fantasy sports app have changed the perspective of watching sports. You even get paid watching your favourite game. You can use your sports knowledge. If you’re smart enough to crack the fantasy code, then you can make a big amount by investing a huge amount. The more you invest, the more you will get paid.
Fantasy spread the market of sports industry The sports industry was running on only some specific tournaments but since the launch of fantasy sports tips in India, it has increased its standard. Now we will see a huge rise in the sports industry. The future is bright for the sports industry because people are involving in it. We all knew that user-base of sports has been increased in India. People started following sports websites and sports companies. Startups also have grown up during this phase. Big sports companies are now attracting the bigger brands. Fantasy sports has opened all the doors for sponsors and broadcasters. The profit-sharing has been increased. Broadcasters are getting more payment and it’s a great success story for all who are involved in sports. Pandemic gave en edge to fantasy Sports The rapid growth of fantasy sports is pushing this market to the top of the level and in 2021, it’s going to be bigger. The user base was 20 lakhs and it increased to 9 Cr in 2019. According to KPMG reports, revenue cost got triple last year. In 2019, the revenue was 924 crores and in 2020, it crossed 2470 crores. If we talk about Contest Entry Amount (CEA), fantasy sports apps made 6000 corers and it got double now with 16500 crores in 2020. In the financial year of 2021, we expect this number might touch 20000 crores. The around 15-20% of active users on fantasy platforms are paid users. Revenue model came strongly in market Fantasy apps attract users by announcing contests at a low price and it allowed new users to participate. Cricket currently takes around 85%of the share in CEA. We can even understand through the Indian T20 League which constitutes 35-40% of the industry revenue. Fantasy apps deduct 10-20% from the prize money and Dream11 has reduced its fee for private contests from 15% to 5% in 2020. The market is now close to 16500 Cr in revenue from CEA and 2500 crore of revenue comes from the revenue of operators. At the end of 2021, data will be increased. Indian T20 League will be back again in the second half of the year, followed by World T20. Major football tournaments are also lined up like Euro Cup. Revenue jumped among all fantasy apps The tax deduction increased in last one year and it will be bigger in 2021. Basically, fantasy platforms deduct a specific tax amount from user’s winnings. The tax earnings deducted from winnings in 2020 reached to 250 crores, compared to 93 crores in 2019. It might cross 300 crores in 2021. Faboom is a new fantasy sports startup and it has seen a growth of 240 percent. Their revenue jumped by over 5x just and the company crossed $1 million in revenue last year. Dream11 even saw a surge of 44.4% and managed 60 million requests per minute. When D11 was the title sponsor of the Indian T20 League, they witnessed 10x growth in traffic and 50% growth in transactions. MyTeam11 saw a user-base of around 3 million which is triple of their previous number. My11Circle crossed 5x growth from the web and mobile traffic and 7x growth in user-base. Evolution of non-cricketing sports through fantasy If one sport picks the growth, other sports also get the chance to provide the same fire among fans. Since the launch of the Indian T20 League, we saw rapid growth in cricket but after the success of this league, we saw a phase where so many leagues were launched in India. The success story of the Indian Football League is the big one, how this league helped Indian Football to rise. Fantasy sports have also given help to make this league wider. Pro Kabaddi League is another example that also attracted the larger viewership through fantasy. Users showed their interest to follow this game. In the next few years, big sporting events such as Premier League and NBA will set their market in India. Before 2025, we will see a rise of football and basketball in India. Top Fantasy app India users are increasing and don’t forget there is a small margin of users who started playing football, kabaddi, and basketball since the launch of fantasy sports in India. Conclusion: Fantasy Sports Game has changed the entire system of the sports industry. It’s not about making big money and revenue to big brands. Fantasy will add more growth to fans as well. It will create jobs and extra opportunities for all sports lovers. Fans are now exploring different tournaments which are not even happening in India. Fans can look for financial growth through sports because so many sports companies are hiring those who had mastered the game. Few new startups in India were registered by the young sports fans and they knew the wide future of fantasy sports.
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