Top Facts You Must Know About Fantasy Sports

Fantasy Sports fans in India have found an engaging and entertaining way of connecting with the sporting events and that do from the comfort of their homes. But the debate on legality, format, and impact of fantasy sports on sports has been going on for some time. With the call for regulation, online. 

The fantasy sports sector will get a boost. The media report recognizance fantasy sports as a sports engagement tool and distinguishes them from online gaming. So for those of you thinking fantasy sports to be an online game. We all know that the popularity of fantasy sports development in India is only rising. But did you know that India is the largest online fantasy sports market by user base in the world? With over a hundred million Indian sports fans? Fantasy sports are based on real-life sports and no simulation whatsoever. These are only available for a real-life match, and not anytime one wants to play online gaming to participate in fantasy sports.

Also Read: Top 10 Fantasy Cricket Apps List in 2024

Users create their own watch for teams before the start of a real-life live sporting event. Fantasy sports help promote newer and nonmainstream sports and tournaments, thereby building a sporting culture. Unlike gaming, fantasy sports cannot be played 24/7, and time spent on the app is limited to making your fantasy sports teams that do before the match starts time. And so this also makes it a non-addictive form of engagement. Fantasy sports are available for 10 sports in India, namely cricket, football, kabaddi, basketball, hockey, volleyball, handball, baseball, rugby, American football, and Facebook.

Users participating on a fantasy sports platform can transparently see the choices made by fellow participants and also track their performance in real-time. The outcome of the competition is dependent entirely on the performance of the players in real-life sports events. Many Indian high courts and the Supreme Court of India have held office as a legitimate business under Article 19 1G of the Constitution of India. As for the law, fantasy sport is not betting or gambling. It is also different from online gaming.

A study released by MIT and Columbia University demonstrates that online fantasy sports team selection requires higher skills than mutual fund management. You could perhaps compare online fantasy sports with the stock market, they like the stock market for sports. Fantasy sports depend on actualities, seasonality, availability of real-time sports matches, making it a non-addictive form of engagement with sports. It has been observed that 60 percent of fantasy sports users watch and follow sports more. Forty-eight percent of fantasy sports users watch every sports match, irrespective of the team or country.

Fantasy sports users are in the age group of twenty-five to 40 who are independent or salary plus sports fans. Studies show that 80 percent of fantasy sports users participate in free contests. This proves that engagement with sports is the primary motive to participate in fantasy sports platforms. Ninety-nine point one percent of all users have either won or lost less than ten thousand Indian rupees net in their lifetime on a fantasy sports platform in India. The average ticket size of participation in a bid to participate format is as low as thirty-five Indian rupees.

Typically, the cost of a fantasy sports app the expected to contribute nearly rupees thirteen thousand five hundred crores to the Indian government over the next five years by way of taxes, which holds great promise for the country's economy. Fantasy sports is also expected to create around 12000 jobs via direct and indirect employment in the next few years. Indian Fantasy Sports has a dedicated self-regulatory body called Fight that has also appointed an ombudsman for user grievances. Overall, India's fantasy sports industry is in an exciting phase right now, and meet the guidelines is a revolutionary step towards promoting and protecting the innovative industry of fantasy sports.

Formal recognition of the sector will give it the much-needed boost and faith the way for further growth of both sport and fantasy, says.

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