Indian fantasy sports revenue increased 24% during IPL 2023: Report

Indian fantasy sports platforms increased revenue by 24 per cent to Rs 2,800 crore during the two-month long Indian Premier League (IPL) 2023 compared to Rs 2,250 crore the previous year, said a report on Tuesday.

The fantasy sports market has grown at a CAGR of 30 per cent since IPL 2019, said Redseer Strategy Consultants.

A fantasy sport is an internet game where participants assemble imaginary or virtual teams that are proxies of real players of a professional sport. Virtual teams compete based on the statistical performance of players in actual games. Popular fantasy gaming platforms in India include two out of the three gaming unicorns (firms with a valuation of over $1 billion): Dream11 and MPL.