Fantasy Sports are becoming very popular all over the world. They allow users to indulge in exciting sports online and use their skills to predict the game. Such games have gained enormous popularity in India also. In India, anyone who watches sports has an opinion and usually loves to flaunt it confidently. Online games and betting sites offer such individuals the opportunity to use their opinions to gain profits.
Many authorized online platforms allow playing diverse sports-associated games and even gaining great bonuses through it. You can form your fantasy teams and then predict the game to win rewards through them. For example, if today's football match prediction made by you is correct, then you can win prizes for it. Prizes can differ for different platforms and sports and according to the percentage of the correctness of your prediction.
Fantasy Football in India
Football is undoubtedly the most admired sport in the world. But if we talk about India, it is the cricket craze that rules over most citizens. However, with time, many other sports are also gaining popularity in the nation, including football, hockey, and kabaddi. Football betting is almost negligible in India. But, fantasy sports are considered to be a game of skill rather than betting. Hence, they have become a famous avenue for earning rewards for football fans. They allow you to predict the game but are different from betting or gambling as they are non-addictive and depend on the availability of real-time matches. This feature is a significant attraction of such matches. If you want to make today's football match prediction, you have to follow the following steps - Firstly, you have to pick a fantasy team of football players who are likely to score points for your team according to their performance in the actual game. It will help you in making today's football match prediction more accurately. You can play individually where your team competes with all the other teams participating in the league or compete in a mini-league where participating teams are of your friends or colleagues. You have to put a certain amount at stake to participate in the league and subsequently shall lose or gain as per the correctness of your prediction. In contemporary times, football match prediction has become easier than before. Therefore, players can follow the steps mentioned above and begin their fantasy football journey.
The Fantasy Sports Market In India
The fantasy sports market is growing day by day in India. Their platforms are capturing a comprehensive market and emerging as a popular source of entertainment. As they provide an opportunity to earn money online just by predicting the outcome of your favorite sport, this has an advantage over other online games. According to a report by FIFS and KPMG, for FY20, the gross revenue of fantasy sports operators is approximately Rs. 2400 crores as compared to about 920 crores in FY19. Thus a three-fold increase in one financial year. It is also estimated that OFS platforms and operators cumulatively paid around Rs 445 crores of GST in FY20. There are currently 150 fantasy sports operators in India. These platforms allow playing sports like cricket, basketball, football, baseball, hockey, kabaddi, volleyball, handball. The top 4- 5 platforms capture around 95% of the market. Although this industry is at the infancy stage, many startups are attempting to try their luck in the market with their attractive and unique ideas. India has around 800 million sports viewers, thus a vast market to be conquered. The Indian government is also striving to create a favorable environment for game developers to make the most of the opportunity and, in turn, increase the sports economy of India. The exponential growth in this industry is also attracting foreign investment in the country. As a result, giant market players are investing a lot of money to attract customers, expecting greater profits in the upcoming years.
Conclusion
Fantasy sports are proving to be beneficial for all. Their platforms have a large number of participants and thus create a large reward pool. Users of these platforms do not have a fear of being cheated as they are authorized platforms. Moreover, they also help users to get good rewards. These platforms keep around 15 - 30% of profit margins before distributing cash rewards to the users. Other sources of revenue for them are advertising and sponsorships. They advertise other products on their platforms as they have a large user base.
It has also helped increase online transactions as most of the transactions made on these platforms are from tier 2 and 3 cities of the country. Today, football match prediction has also become popular. The Indian economy is also getting a boost from them as they provide investment, IT infrastructure, employment, foreign investment. According to the data, they have employed around 3400 people directly and 5100 people indirectly in 2019 - 2020. Hence, Fantasy Sports are proving to be a boon to all the sectors associated with them.
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