Growth Prospects of Fantasy Sports and Gaming Industry in India

"The Evolving landscape of sports gaming in India" a report by KPMG states that India currently boasts over 20 million fantasy sports users, a number which is expected to sky-rocket to over 100 million users by 2020. It is estimated that 89 per cent of users play fantasy sports at least once a month, 71 per cent of the respondents play fantasy cricket with a 85 per cent being mobile users. According to the report the number of users has grown by over twenty five times (~25x) from June 2016. Further, the overall online gaming industry stood at INR 43.8 billion in FY’18 and is projected to grow at a CAGR of 22.1% over FY18-FY23, to reach a size of INR 118.8 billion by FY23. Thus, Sports gaming in India has significant opportunities for the future and avenues like evolving ecosystem around sports gaming, user stickiness and increasing penetration of mobile internet amongst the regional language users in the country that could drive future growth.