The Indian Fantasy Sports market has reached INR 8,000 Cr in less than five years but, will the lack of government regulations pull the growth speed of the market? Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit As technology is developing, people have started looking for more ways to take part in their favorite sports. As a result, the fantasy sports sector is registering immense growth. Presently the market has grown at a CAGR of ~164% between 2017 and 2022. 1. The Fantasy sports market is 2 decades old in India, but the market witnessed a boom in users engagement owing to the affordability of mobile internet access in India Digital Media Scenario in India: Click to know more The way a viewer consumes and engages with sports has changed drastically in India over the last few years owing to the increasing importance, availability, and access to the internet. India with a median age of 28 years and smartphone penetration of 42 percent (2020), offers a great market opportunity that could be tapped by Fantasy Sports Players. Additionally, the cost of mobile data in India is INR 51/GB, which is comparatively lower than the global average of INR 316/GB. This makes it affordable for mobile users in India to participate in Fantasy Sports competitions. It is the big reason why most Fantasy Sports market Players offer mobile-based apps for participation. This has resulted in the overall growth of the Fantasy Sports sector. 2. However, the Fantasy Sports industry is currently subject to Varying Rules and Compliance Requirements based on the Socioeconomic Situation of Each State in India Interested to Know More about this Report, Request a Sample Report The State Governments have been given the authority to create legislation on betting and gaming under the Constitution of India’s 7th Schedule. As a result, if state gaming legislation exists, it takes precedence over the Public Gaming Act, which was enacted earlier in time. In addition to the PGA, a number of Indian states have implemented legislation to regulate gambling and gaming. These state laws are usually in line with the PGA, and they exempt games where the outcome is mostly determined by talent. 3. But this won’t impact the growth as the industry is buoyed by the various potential investors which will enable the Fantasy sports sector to experience double-digit growth Visit this Link :- Request for custom report India had around 390 million gamers in 2021 and the population of this gaming sector is poised to grow exponentially in the coming years. Moreover, over the past few years, fantasy sports have been a crucial area for innovation and investment. Fantasy games’ successful past and promising future have driven multiple investments in the industry. Continuous Investor interest in some of the main businesses has aided the rapid growth of Fantasy Sports in India. Other players, such as Daily Fantasy Cricket and CricNWin, have also raised Millions in investment. 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