According to a report of IFSG-KPMG, Right now India’s fantasy sports industry has over 60 platforms along with the audience of more than 20 million players who are engaged in playing these fantasy leagues.
There is a prediction that with current ongoing situations, there will be 100 million sports fans are going to participate in at least one fantasy sports application or platform. According to the fantasy sports data offered by the Indian Federation of Sports Gaming (IFSG), two out of three sports fans in India know about fantasy sports. One reason for the prevalence of fantasy sports in India is the mass accessibility of portable 4G internet because of lesser prices and advertisements like play fantasy cricket and win real cash.
The fantasy India market is relied upon to reach over $5 billion in the following two years. This industry isn’t just drawing in clients but at the same time is prominent among Venture Capital and Private Equity Investors.
One of the leading fantasy sports organizations in India is World Team 11. India’s most reliable fantasy sports platform for all the players, currently, WT11 is offering Cricket, Kabaddi Premier League, Football, and other games as well.
To play fantasy sports, one can browse any of the acclaimed fantasy sports sites, and join a fantasy group with a team of their judgment.
India Fantasy sports and communities
During the Indian Premier League (IPL) in 2008, the Indian fantasy sports market grabbed with the dispatch of India fantasy cricket match-ups and applications
In any case, today, different fantasy sports games are offered through various stages. The most prevalent fantasy sports are cricket, football, b-ball, hockey, and badminton.
In India, the Fantasy cricket class has increased a great deal of fame. Indeed, even kabaddi, carom, and pool fantasy sports games can be played through fantasy sports applications.
The legitimateness of Fantasy Sports in India and GST Applicable
According to Indian law, Fantasy sports are not permitted in a couple of states like Assam, Odisha, and Telangana.
On 30th April 2019, Bombay High Court judges dismissed the charges on fantasy sports associations and they noticed the accompanying:
“The way that the consequence of the fantasy game challenges on the stage isn’t at all reliant on winning or losing a specific team in reality game. Along these lines, no wagering or betting is associated with their fantasy games.”
Prior, on eighteenth April 2017, the Punjab and Haryana High Court likewise decided that playing on the web fantasy sports doesn’t add up to betting as it requires a generous level of aptitude.
To play fantasy sports, one can browse any of the mainstream fantasy sports sites, and join a fantasy association with a group of their decision.
There are a lot of popular platforms available for sports fans to engage with fantasy leagues in India and as well as in the world, such as cricket, fantasy football, Fantasy NBA, fantasy hockey, fantasy MLB, fantasy NFL, and other fantasy leagues.
History of Fantasy Sports
The idea of fantasy sports has been around since not long after World War II when sports fans would choose their preferred players and keep a check of their scores.
The main fantasy baseball association that was accounted for was held in Boston in 1960. Fantasy sports developed with Rotisserie League Baseball in 1980, the book ‘Patton’s 1989 Fantasy Baseball League Price Guide’, Fantasy Football Index (yearly control) in 1987, Fantasy Sports Magazine in1989, and Fantasy Sports Trade Association in 1998.
In 1995, a fantasy hockey site called Molson Breweries was propelled. Hurray started fantasy sports in 1999. The business got a push with the Dotcom blast.
Daily fantasy sports (or DFS) were propelled with Fantasy Sports Live in 2007. DFSs are played over shorter timeframes, for example, a day or seven days of a sports season. They are kept running as challenges.
Dream11 started the first fantasy sports industry in India, and fantasy cricket app, people can compete here and win big cash prizes with their understanding of the game.
