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India becomes world's biggest fantasy sports market with 13 crore users: Report

Cricket will continue growing at 30 percent CAGR over the next four years and remain the highest contributor to the overall revenue of the fantasy sports industry.

March 15, 2022 / 08:51 PM IST
Representative image.

Representative image.

India's fantasy sports market is projected to grow from Rs 34,600 crore in FY21 to an estimated Rs 1,65,000 crore by FY25, clocking a CAGR of 38 percent.

According to a report by the Federation of Indian Fantasy Sports (FIFS) in collaboration with Deloitte, India is the world’s biggest fantasy sports market with a user base of over 13 crore.

The report said that the total revenue attributable to the fantasy sports industry is Rs 10,700 crore, including Rs 5,500 crore indirect revenue in FY21 through its vendors and service providers.

Cricket will continue growing at 30 percent CAGR over the next four years and remain the highest contributor to the overall revenue of the fantasy sports industry. One of the key cricketing properties, the Indian Premier League (IPL), was a big contributor last year in addition of users in the fantasy sports space. During Phase 1 of the 2021 edition of IPL, the fantasy sports industry user base in India grew by over 20 lakh users.