Fantasy Sports has a huge potential in India

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Fantasy Sports has a huge potential in India

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• Long earlier the rise of fantasy sports in India,
  sports take in was simply restricted to passive
  entertainment from the comfort of ones lounge.
• Today, fantasy sports have changed the way fans
  get through their favorite sportpassive viewers
  are now active.
• participants and this sort of gaming keeps them
  at the sting of their seats.
• While cricket certainly has do well among fantasy
  sports in India because of the mass popularity.

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• Market Overview
• Fantasy sports may be a type of skill-based
  online sports where a fan creates his/her own
  team comprising real-life players from upcoming
  games.
• These virtual teams accumulate points supported
  by the particular statistical performance of
  players during real-life matches and winners are
  revealed accordingly.
• According to a recent survey conducted by
  Business of Fantasy Sports and published by the
  Federation of Indian Fantasy Sports (FIFS) and
  KPMG.
• Sales of fantasy sports operators stood at
  Rs.2,400 crores (US 340.47 million) in the year
  2020 compared with Rs. 920 crores (US 131.64
  million) in the year 2019.
• The Indian fantasy sports industry is anticipated
  to be worth US 3.7 billion by 2024, creating a
  large opportunity for brand new entrants.
• The market has witnessed a huge 700 increase
  within the last 10 years within the number of
  fantasy sports operators and a 2,500 spike
  within the number of fantasy sports users.

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• As the fantasy sports industry is rapidly gaining
  critical mass and multiple operators are emerging
  with different and unique business models and
  offerings.
• It's imperative to possess an establishment to
  shape and monitor this fast-growing industry. The
  Federation of Indian Fantasy Sports (FIFS).
• previously called the Indian Federation of Sports
  Gaming (IFSG), was formed in 2017 to safeguard
  consumer interest and make standard best
  practices for the fantasy sports format within
  the country.
• The FIFS could be a self-regulatory body, which
  not only ensures policy compliances but also
  works with key industry stakeholders and
  policymakers to form
• A governance structure to support and growth of
  the fantasy sports industry and make the users
  trust this modern online game and bring them in
  confidence.
• The Indian fantasy sports market has seen huge
  growth because of digital infrastructure, rise
  in mobile internet subscribers.

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• Favourable demographics and rising income,
  tech-savvy and aficionado sports following Indian
  millennials, and increased investor interest in
  fantasy sports.
• Also, the recent case laws have established
  fantasy sports as a game of skill compared with
  illegal activities such as sports betting as
  Indian laws prohibit the establishment and
  promotion of the game of luck or chance.
• This factor has created viable conditions for
  the industry to flourish and be more accessible
  and interesting for Indias sports fans.
• Currently, the fantasy sports industry is at a
  nascent stage, with numerous start-ups competing
  to draw in the countrys 800 million sports
  viewers.
• This trend is probably going to persist as these
  companies thrust into various sports leagues to
  draw in advertisers, customers, and investors.
• but Indians unending love for sports,
  especially cricket, low-cost data plans, and high
  penetration of mobile phones have made these
  start-ups a lucrative bet for investors.
• Over the past five years, investors have almost
  112 million USD into Indias sports fantasy
  platforms.

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• Conclusion
• An enormous opportunity is probably going to
  emerge for the Indian game developer and
  publisher to capitalize.
• The launch of the AatmaNirbhar Bharat Innovate
  Challenge by the Ministry of Electronics and data
  Technology (MeitY) and NITI Aayog is predicted to
  deliver more advanced gaming apps within the
  market.
• This initiative is probably going to boost the
  growth of the Indian mobile gaming market in the
  future and enhance the sports revenue of India.
• Which is slated to be the most important revenue
  earner in the foreseeable future. the govt. is
  creating a conducive ecosystem for Indian game
  developers
• By rationalizing the proper market conditions and
  creating an appropriate policy framework so
  investors make the foremost of this golden
  opportunity.

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• Furthermore, the success of domestic
  stakeholders, exponential growth trajectory of
  the fantasy sports market, and its potential have
  now grabbed the interest of foreign.
• Investors after they have realized the potential
  of fantasy cricket games in India. Multiple
  overseas investors have already invested in.
• Various fantasy sports platforms and also the
  rise in user engagement will likely keep this
  momentum within the coming years.
• Looking at the huge potential in the online
  gaming industry Dragonfleet has launched the
  fantasy cricket game name On Field 11.
• Their unique features and contests are going to
  attract a lot of users from all around the
  country.
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