Cricket will grow at a 30 percent CAGR over the next four years, and it will continue to be the primary source of revenue for the business owner of the fantasy cricket app.
Cricket will grow at a 30 percent CAGR over the next four years, and it will continue to be the primary source of revenue for the free entry fantasy sports app. Last year, one of the most popular cricket franchises, the Indian Premier League (IPL), was a big contributor to the rise of fantasy sports users. During Phase 1 of the IPL 2021 season, the IPL fantasy cricket app industry in India grew by over 20 lakh subscribers.
While cricket will remain the most popular sport on fantasy sports platforms (FSPs), other sports like kabaddi, hockey, football, and volleyball are projected to grow in popularity.
According to the survey, female users make up close to 30% of the registered user base for fantasy sports platforms in India, a figure that is likely to continue to climb in the coming years. Males have dominated the fantasy sports user base globally, accounting for 67 percent of total income.
Furthermore, tier 2 and tier 3 cities account for half of all user transactions on fantasy sports sites.
In a number of ways, the player's sports app industry contributes to India's overall growth and development, including the creation of highly skilled jobs, attracting foreign direct investment (FDI), and generating significant revenue for the government. In addition, it promotes athletic culture and non-cricket sports by encouraging people to hone their skills in order to play in fantasy sports events," FIFS chief executive officer Anwar Shirpurwala explained.
ESPN created Super Selector in 2001 as the first-of-its-kind fantasy sports game centered on cricket, and it quickly became the most popular platform in India. It was the first in a long series of future fantasy gaming apps focused on sports, including cricket, football, kabaddi, and hockey, thanks to its restricted reach among cricket aficionados. These individuals are now the driving force behind India's Online Fantasy Sports Gaming (OFSG) boom.
These platforms, which are expected to be worth USD 3.7 billion by 2024, allow players to establish fantasy teams in order to win money through daily fantasy matches on a variety of sports. While the leading players in the industry conduct these daily contests in a variety of sports, the Indian subcontinent has a distinct preference for cricket.
According to a KPMG poll, cricket is the most popular fantasy sport in India, with 77 percent of respondents choosing it as their first choice.
Despite the fact that this may appear to be a stretch, there are several reasons why fantasy cricket is more popular in India than other sports! It's become a common practice to get on your cellphones 10 minutes before the game to choose your fantasy cricket squad for the contest. Below, we'll go through some of the reasons behind Fantasy Cricket's popularity:
Cricket's Legacy in India
The rich history of India's emergence in the international cricketing arena following independence lies at the basis of cricket's appeal in India. In 1983, Kapil Dev, the captain of the Indian cricket team at the time, hoisted the Cricket World Cup after defeating the defending champions, West Indies, at Lord's in London, called "The Home of Cricket."
Since then, India has steadily progressed through the rankings, adding four more international trophies to its collection because of superstars like Sachin Tendulkar, Sunil Gavaskar, and MS Dhoni contributions. The many memories of India's legendary triumphs are something that most Indians wear on their chests like a badge of honor, which translates into a natural fondness for fantasy cricket.
India Has The Most Viewership.
Whether it's the 5-day Test format or the 20-over T20 style, India is fascinated with cricket. Our way of consumption of cricket matches has just switched from radio commentary to live stream, thanks to developments in broadcasting technology and the help of many OTT platforms.
According to industry figures, cricket programming attracts 93 percent of all sports viewers, and it is presently broadcast in seven languages. Furthermore, women account for 48 percent of all watchers, indicating that this is not just a male-dominated audience. All of these spectators may now be more actively involved in live events by participating in daily fantasy matches, thanks to the emergence of fantasy sports.
The Era Of Celebrity Cricketers has Arrived.
Respecting and esteeming your country's athletic idols is something that is witnessed all around the world. Indian fans, on the other hand, take it a step further by honoring their cricketing legends as idols. The notion of live streaming brought these followers closer to their heroes, but as social media became a popular platform, the floodgates opened.
Virat Kohli now has a huge 1.8 million Instagram followers, making him the third most followed sportsman on the planet! The number of social media fan pages dedicated to various cricket stars demonstrates the followers' dedication. The free entry fantasy cricket app allows these die-hard fans to select their favorite players for their fantasy team for the match and earn bragging rights if their side wins big!
The Great Indian T20 League Is Professional Cricket League in India.
The Indian T20 League, now in its 15th season, is unquestionably the crown gem of cricket fans. This league, which began in 2008 to popularise the T20 version of the game while it was still in its infancy, has already hit a key audience milestone in 2021 - 380 million TV viewers!
The T20 format's rapid and dynamic nature contributes to the framework of this league, which brings together world cricket's top stars with local talent under regional teams. Every day over the next 60 days, at least one match between two club teams is played, which serves as the backdrop for fans' daily fantasy cricket contests. If you are a cricket lover and want to play fantasy cricket and win cash daily then download the fantasy cricket app and play the game with your family and friends.
Other Sports Have A Lower Penetration Rate.
Cricket isn't the only freely played sport in India. There are now seven active sports leagues in India, including football, badminton, volleyball, and kabaddi. However, unlike the Indian T20 League, which is India's oldest operational sports league, most of them are still in their infancy.
Furthermore, the other leagues have far lower viewership, which has an effect on their appeal among fantasy sports players. Non-cricketing leagues are becoming more common, and India's worldwide triumphs at the Olympics may catalyze more involvement in non-cricketing fantasy sports as well!