Revenue from Indian fantasy sports to top Rs 25,000 cr by FY27: Report

The Indian fantasy sports industry has witnessed a prodigious rise in recent years. Revenue from the sector has grown 31 per cent to reach Rs 6,800 crore in FY22, and is expected to cross Rs 25,240 crore by FY27 at a 33 per cent CAGR, said a recent report.

With over 300 fantasy sports platforms (FSPs) and an estimated 180 million users, India is the fastest-growing fantasy sports market in the world. The sector, valued at Rs 75,000 crore, is projected to reach 500 million in the next five years, according to a report by the Federation of Indian Fantasy Sports (FIFS) and Deloitte India.

A fantasy sport is a game, often played using the Internet, where participants assemble imaginary or virtual teams composed of proxies of real players of a professional sport.