Fantasy sports have gained potential in recent years. Unfortunately, there is a misconception that participating in fantasy sports is akin to betting, can be addictive and can lead to financial losses. However, fantasy sports platforms offer free-to-play and pay-to-play formats. According to an IndiaTech report, 80% of users opt for free-to-play format.
Furthermore, the ticket sizes for the pay-to-play formats are as low as Rs 15 while the average ticket size amounts to Rs 35. As per the IndiaTech report, of the 20% pay-to-play, 98% of them won or lost less than Rs 10,000 net in their lifetime. Moreover, fantasy sports are dependent on actualities, seasonality as well as the availability of real-time sports matches. Users can only participate in fantasy sports before the start time of a live sports match and there is no scope for further participation after the commencement of the live sports match.
Fantasy sports is for sports engagement. It is believed that fantasy sports have increased viewership and sports engagement. The users’ age ranges from 25 to 40 years.