India Fantasy Sports Market Overview
Base Year: 2023
Forecast Years: 2024-2032
Historical Years: 2018-2023
Market Growth Rate: 38.13% (2025-2033)
According to the latest report by IMARC Group, the fantasy sports market in India is expected to exhibit a growth rate (CAGR) of 38.13% during 2024-2032.
India Fantasy Sports Market Trends and Drivers:
Technological advancements and changing consumer preferences are fueling incredible growth for the Indian fantasy sports market. The majority factor in enabling this growth is the availability of affordable smartphones and high-speed internet. All these technological changes are allowing more people in India to access fantasy sports platforms through mobile applications smoothly and readily. Increased smartphone penetration into urban and rural areas creates newer revenue streams for fantasy sports operators to reach an even wider audience; hence these applications have never been more accessible. Additionally, with more and more sports leagues and tournaments happening every year, fans are well offered opportunities to indulge in fantasy sports, especially in the cases of popular cricket and football. The mobile-first nature of this industry draws a lot of attention with new gaming integrations, creating more users and aiding further in the overall market growth.
Furthermore, the changing demographics are in favor of the India fantasy sports market, with younger consumers being a major driving factor. The majority of participants are below 40 years old, especially between the ages of 25 and 40, who are showing a growing interest in online sports gaming. This group has high levels of engagement with digital entertainment, making them the primary target for fantasy sports platforms. Fantasy sports are not only an entertainment avenue but also provide a means for socialization among the users, who create leagues and compete against their friends. Continuous participation by increasing numbers of millennial and Gen Z consumers in fantasy sports means that these two cohorts are keeping the market evergreen, displaying a high sense of loyalty toward their betting platforms. Hence, businesses are starting to come up with personalized marketing and optimizing user experience with this tech-savvy clientele in mind.
Another interesting aspect is the diversity between regions in the India fantasy sports market contingent on the popularity of different sports across the country. Cricket remains a dominant sport in India, while football and some sports are also gaining traction at a rapid pace, showcasing the diversification of the Indian fantasy sports landscape. The fantasy sports platforms are offering a greater variety of sports, keeping them in tune with regional tastes, where local variants of the games entice players from all corners of the country. The inclusion of an array of sport types is being strategically done to see these platforms achieve a broader regional outreach among persons from places that have a forte for specific sports. The expansion of internet infrastructure and accessibility of gaming platforms guarantee to further grow the Indian fantasy sports market, thus supported by vast consumer engagement drivers that cut across various demographics and regions.
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India Fantasy Sports Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Sports Type:
- Cricket
- Football
- Others
Cricket accounts for the majority of the market share
Breakup by Platform:
- Website
- Mobile Application
Mobile application holds the largest share in the industry
Breakup by Demographics:
- Under 25 Years
- 25-40 Years
- Above 40 Years
Under 25 years represents the leading market segment
Breakup by Region:
- North India
- West and Central India
- South India
- East India
North India leads the market, accounting for the largest market share
Competitive Landscape:
- Dream Sports Group
- Mobile Premier League (MPL) (Galactus Funware Technology Private Limited)
- 11 Wickets.com (Ability Games Pvt. Ltd)
- BalleBaazi
- MyTeam11
- MyFab11
- Paytm First Games Pvt. Ltd.
- Fantasy Power 11
- Head Digital Works Pvt Ltd.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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