Fantasy sports

Fantasy sports gaming revenue from IPL set to rise 35%: Study

Last updated : Apr 10, 2023 20:04

SportzPower Team

Apr 06, 2023 18:04

Read more about Fantasy sports gaming revenue from IPL set to rise 35%: Study
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The gross gaming revenue from fantasy sports during the 2023 edition of the TATA Indian Premier League season could reach up to Rs 2,900-3,100 crore, growing at 30-35% over 2022, a study by Redseer Consulting estimates.

The number of transacting users during the 2023 IPL season is expected to be around 68 million, a 25-30% growth over the last season. Around 80% of the users are expected from the smaller cities.

In 2022, the gross gaming revenue was Rs 2,260 crore and the number of transacting users was at an estimated 55m.

Feb 16, 2023 19:02

Crypto on BCCI's list of 'no go' partnerships for WPL teams

The Board of Control for Cricket in India (BCCI) has issued an advisory to the five Women’s Premier League (WPL) franchises stating that while it has no problems with commercial associations with fantasy sports platforms, any partnerships with cryptocurrencies, betting, gambling, real money, and tobacco sectors are a strict "no-no".

Dec 01, 2022 07:12

'Fantasy sports a fan engagement tool for sports leagues'

NEW DELHI: At the FICCI Turf 2022 on Saturday, November 26, Joy Bhattacharjya, director general, Federation of Indian Fantasy Sports and Amit Purohit, CEO and founder, Fantasy Akhada, engaged in a discussion on ‘How Fantasy Sports Enhances Sports Experience’.

Jun 27, 2022 05:06

I&B ministry issues media advisory not to promote online betting

NEW DELHI (June 14): The Union Information and Broadcasting Ministry on June 13 issued an advisory to media platforms, asking them to refrain from accepting advertisements that promote online betting.

Sep 03, 2021 06:09

Facebook enters fantasy sports arena; also offers pop culture games

SOCIAL MEDIA GIANT Facebook is rolling out Facebook Fantasy Games in the US and Canada on the Facebook app for iOS and Android.

Apr 07, 2021 19:04

Dangal Games forays into fantasy gaming, launches ‘FantasyDangal’

NEW DELHI: Dangal Games, India's booming skill-based online gaming platform / application, Wednesday announced the launch of its third initiative prior to the beginning of India’s biggest cricket carnival Indian Premier League, Season 14 and it forays into the league of fantasy gaming as FantasyDangal.

Jan 19, 2021 14:01

Plea to standardise rules for entire online skill gaming sector

NEW DELHI: The online gaming industry on Monday urged the government to set up a self-regulatory body to standardise regulations for the entire online skill gaming sector and not just the fantasy sports industry. PTI quotes the Online Rummy Federation (TORF), in a statement, arguing that like fantasy sports, India's skill gaming industry suffers from the same byzantine set of state-by-state laws and regulations.

Nov 18, 2020 18:11

Fantasy sports platform My11Circle is LPL title sponsor

MUMBAI: The inaugural edition of the Lanka Premier League will be titled My11Circle LPL after the fantasy sports platform secured naming rights for the Twenty20 tournament that has faced multiple kick-off date delays.

Jul 13, 2020 17:07

Indian fantasy sports contributes Rs7.5bn+ in taxes: Survey

MUMBAI: The Federation of Indian Fantasy Sports (FIFS), India’s first & only self-regulatory industry body for Fantasy Sports (FS), Monday unveiled the findings of a report titled ‘Business of Fantasy Sports’ in collaboration with KPMG, at its flagship event FIFS Game Plan 2020.

Feb 08, 2020 16:02

ShareChat testing fantasy sports app: Report

MUMBAI: Indian social media startup ShareChat, which last August raised $100 million in a financing round led by Twitter, has developed a fantasy sports app and has been quietly testing it for six months, TechCrunch reports. ShareChat’s fantasy sports app, called Jeet11, allows betting on cricket and football matches and has already amassed more than 120,000 registered users, according to the website.

Sep 25, 2019 15:09

Nostragamus scores major investment from venture capital fund

NEW DELHI: Venture capital fund Vereeni Investments has acquired a stake in India-facing fantasy sports operator Nostragamus for a reported seven-figure sum, its second major investment in fantasy sports. Vereeni acquired a majority stake in Australian operator Moneyball in March.

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