Fantasy sports platforms in India to see a rise of 30-35% in gross gaming revenue, amounting to Rs 2,900 to 3,100 crore this year

• According to a report by Redseer Strategy Consultants, fantasy sports platforms in India are projected to experience a significant boost in revenue during the ongoing Indian Premier League (IPL) 2023 edition.
• The report predicts a rise of 30-35% in gross gaming revenue, amounting to Rs 2,900 to 3,100 crore, with a 25-30% growth in transacting users during this IPL season.
• The surge in user confidence is driven by increasing adoption of fantasy platforms and cross-migration of users from other games, particularly in Tier-2 cities and beyond. To encourage higher spending, platforms are offering lucrative prizes.