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Fantasy Sports are online prediction games where the fantasy gamers put together a virtual team of real sports players such as players from the Indian Premier League (IPL), English Premier League (EPL) the National Basketball Association (NBA), etc.

These gamers are called “Managers” and they form a team of players in a specific league, who earn points based on real-life statistics that are converted into fantasy points. Managers earn fantasy points based on the players’ performances in real-life sports. Each Manager plays against other Managers and their teams. These managers manage a roster by adding, trading and selling players to form their team.

The Indian fantasy sports market has shown phenomenal growth. Gross revenues of online fantasy sports operators stood at ₹2,400 crore in FY20 compared to ₹920 crore in FY19, up almost three times year-on-year, according to the FIFS-KPMG 2020 report.

The whitepaper by Indiatech said Indian online fantasy sports platforms attracted considerable foreign investment. According to the FIFS report, between 2018 and 2019 the inflow of foreign investments has been to the tune of ₹1,500 crore.

THE FOLLOWING ARE THE TOP FANTASY SPORTS APPS IN INDIA:-

Dream11 is an Indian fantasy sports platform that allows users to play fantasy cricket, hockey, football, kabaddi, and basketball. In April 2019, Dream11 became the first Indian gaming company to enter the "Unicorn Club".Mumbai-based Dream11 is the market leader when it comes to revenue from fantasy sports games. It reported total income of INR 801.7 Cr ($112.4 Mn) in FY19, which is 251.9% higher than the INR 227.8 Cr ($33.3 Mn) revenue it earned in FY18.

MyTeam11, founded in 2016, is an Indian fantasy sport platform, dealing in several games: cricket, football, baseball, basketball, volleyball, rugby, hockey, handball, quiz. 

MyTeam11 says it has grown 30X since launch and looks to close the year with an ARR of $20-22 million. It is targeting revenue of $100 million in the next four to five years.Founded by Jaipur techies Vinit Godara and Sanjit Sihag, the bootstrapped startup counts over 15 million downloads across platforms and claims eight to 10 million users. About 10-12 percent of this user base is active, which is "slightly above" the industry average.

My11Circle is an Indian fantasy sports platform which was launched in 2019 by Games 24×7, a gaming company which also operates an online rummy business. It allows users to play fantasy cricket, hockey, football, kabaddi, basketball, and other sports. It is currently one of the leading fantasy sports platforms in India along with Dream11. The platform runs with a tagline "Play with Champions"MyTeam11 says it has grown 30X since launch and looks to close the year with an ARR of $20-22 million. It is targeting revenue of $100 million in the next four to five years. But, given the meteoric rise of fantasy sports in India lately, that could happen much sooner.

FUTURE OF ONLINE FANTASY SPORTS INDUSTRY:-

According to the report, the industry is already worth INR 43.8 billion and is said to reach INR 118.8 billion by FY23 with a growth rate of CAGR 22.1%.As per a KPMG report, Online Fantasy Sports industry has already generated a user base of 90 million, Rs 2,400 crore in annual revenue and can generate Rs 10,000 crore in the form of foreign direct investments in the next few years.

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