India has always been a sports-mad country. With cricket, football, and Kabaddi as the most popular sports, we have thousands of people all around the country who swear by their passion for a good game. One of the reasons for the emergence of fantasy sports in India is this. It allows sports fans to create their own teams with the best players available. Every sports fan in the country has either attended a sporting event or sat glued to the television. Furthermore, each fan has their own set of viewpoints or expertise in the game. 

This is where Fantasy Sports comes into play. It provides users with the thrill of real-time action, the opportunity to participate in future tournaments firsthand, and cash prizes if they win. Fantasy sports fans are increasing by the day, thanks to the growing popularity of fantasy gaming leagues and frequent contests. In the last ten years, the number of fans profiting from their sports expertise has increased 25-fold, and more potential players are eager to join the trend. Digitalisation, in addition to a tremendous desire for sports, is another reason that has led to the creation of fantasy sports platforms.

Fantasy sports contests are becoming more popular among India’s tech-savvy millennials. In fact, the fantasy sports market has grown by roughly 700 per cent in the last decade. Online fantasy gaming platforms have allowed a large number of sports fans to put their knowledge of the game to good use and participate in online fantasy sports competitions. While the Indian audience’s obsession with cricket is well-known, these sites allow consumers to explore other categories. Most platforms have experienced a significant involvement of devotees with the advent of new-age techniques in Fantasy Cricket, with many of them becoming a part of the Indian T20 League and other events.

These platforms have grown in popularity, and they are now expanding their offerings to include league sports such as football, Kabaddi, and basketball. Users can now participate in different sporting activities thanks to the creation of a link between technology and the sports ecosystem. Sports fans have reacted positively to the change, which has increased involvement in real-time sports that need concentration. In India, approximately 20 million people currently play fantasy games, with the number expected to rise to 150 million by 2022. The market category is likely to grow in the coming years as more individuals turn to fantasy sports. The user-friendly fantasy gaming software and improved internet access across the country are two of the causes for the large engagement.

Aside from rising popularity among sports fans, the industry has seen significant income growth. The industry is expected to earn $3.4 million in sales in 2020. In fact, by 2024, the fantasy sports market is expected to be worth $3.7 billion. As part of the ‘game of skill’ category, fantasy sports platforms in India follow precise criteria and concepts with the possibility for growth. It necessitates planning, comprehension, expertise, and knowledge on the part of the players. The market segment draws a large number of investors because it is a rapidly rising tech-driven industry. The fantasy sports industry has the potential to attract FDI worth more than Rs 10,000 crore in the coming years, according to a report by the NITI Aayog. There has been a tremendous transition in the sports business as a result of continuous digitalization.

Because of the increased use of smartphones, most sports fans may now enjoy the thrill and excitement of sporting contests through fantasy sports. Fantasy gaming platforms have seen an increase in involvement in fantasy sports leagues and contests linked to cricket, football, and Kabaddi, to mention a few, as a result of increased understanding of different athletic activities. Aside from that, India is poised to grow significantly in the online fantasy sports area, thanks to a large population of sports fans, rising demand for fantasy sports, and ever-evolving technological advancements.

The craze for fantasy gaming isn’t going anywhere anytime soon. Fantasy sports platforms have a bright future ahead of them, as games other than cricket are becoming more popular, and there is plenty of room for expansion. However, consumer addiction, financial risks, and state restrictions pose challenges. Assam, Andhra Pradesh, Odisha, Telangana, Nagaland, Sikkim, and Karnataka have all passed legislation prohibiting paid competitions. Users should think about the costs and benefits of playing fantasy games like this, as well as the game’s legal status in their area.