अब आप न्यूज्ड हिंदी में पढ़ सकते हैं। यहाँ क्लिक करें
Home » Sports » Howzat and the scope for fantasy sports in India

Howzat and the scope for fantasy sports in India

According to a recent report published by the Federation of Indian Fantasy Sports (FIFS) and KPMG, fantasy sports platforms generated a revenue of $340.47 million in FY20 as compared to US $131.64 million in FY19.

By Newsd
Published on :
Howzat and the scope for fantasy sports in India

Long before the arrival of fantasy sports apps, sports were considered a form of entertainment that people enjoyed sitting in front of their TV sets at home or at the stadium. With the internet boom, a majority of the games became available online.

With the introduction of fantasy games in the online gaming market, people now have the opportunity to play their favorite sports and win cash and other exciting prizes too. Now viewers have the opportunity to become participants who actively participate in fantasy sports. Playing fantasy cricket keeps users engaged in their favorite sports. Consumers get the chance to be managers or owners of the teams and select the players of their choice.

The new generation is quickly developing interest in various sports since many fantasy gaming providers have incorporated several sports into their platforms and they come up with interesting ways of engagement in sports.

Cricket continues to hold a special place in the hearts of not only Indians but also people across the globe. It is now very common to see people from all backgrounds glued to their smartphones playing fantasy cricket.

During the ICC World Cup, the T20 World Cup, the IPL and other major cricketing events, fantasy cricket apps are in greater demand than ever. One of the most popular fantasy cricket apps is Howzat, which has over 8 million active users. The platform has managed to capture everyone’s attention, including cricket legend Yuvraj Singh who serves as the brand ambassador of the fantasy cricket app.

Howzat is a cricket gaming app where you have the opportunity to select your own virtual team using your skills and knowledge of the game and join thrilling contests to win exciting real money prizes and other rewards. You can play both free games and cash games anywhere anytime.

Howzat also has an exciting feature called the Beat the Legend. With the help of this feature, you can challenge and compete with cricket stars like Yuvraj Singh, Irfan Pathan, Kumar Sangakkara and Kieron Pollard. If your team performs better than the team of the cricket legend you are competing with, you get a big cash prize. You can withdraw your cash winnings to your account very easily and quickly by just placing a withdrawal request online.

According to a recent report published by the Federation of Indian Fantasy Sports (FIFS) and KPMG, fantasy sports platforms generated a revenue of $340.47 million in FY20 as compared to US $131.64 million in FY19.

The Indian fantasy sports industry is expected to be worth $3.7 billion by 2024, creating a huge opportunity for new entrants. The market has witnessed a 700% increase in the number of fantasy sports providers in the past decade and a 2,500% spike in the number of fantasy sports users.

It’s not just cricket that is popular across India when it comes to fantasy gaming. Other sports such as football, kabaddi and basketball are also popular, especially in north eastern states of India, West Bengal and Kerala, which clearly indicates how enormous scope there is for the fantasy gaming industry in the future.

There are numerous factors responsible for the growth of fantasy cricket in India. Fantasy sports gaming lets a viewer become an active participant in the sport. That is a huge motivating factor for users to play fantasy games.

Nearly everybody loves to play or watch various sports live in India. However, indulging in them at present is hard because of busy lifestyle, work and study pressure as well as several other factors. But even busy people want a means to have productive entertainment, and fantasy cricket apps provide a great way to everyone to have some fun.

Another major factor is the increase in the usage of smartphones in the country. In 2021, the count of global smartphones users is projected to be around 3.8 billion. Affordable unlimited internet data plans, easy accessibility to smartphones, and needless to say, the interest of people in fantasy gaming are the major factors contributing to the industry’s growth. As the number of mobile and internet users is growing by the day, the future of the fantasy sports industry in the country is bright.

Related