India has the world’s largest fantasy sports user.
As per a latest report by the Federation of Indian Fantasy Sports, India is the world’s biggest fantasy sports consumer/user. With an estimated population of 13 crore individuals, there has been a surge in revenue earned and taxable income emanating from Esports. Pertaining to income, the estimated revenue at the moment is 5,200 crores and this is projected to go up to 1,65,000 crores by FY25. This is a massive leap for a country that is beginning to see the major benefits of legalising fantasy sports in a multitude of different ways. Some of the observations are that Tier 2 and 3 cities have contributed immensely to this growth along with promoting the surge in digital literacy. Along with the Covid pandemic, there is also a major attribution of the growth of fantasy sports to the availability of smartphones, low-cost data plans and other such factors.