Like fine whiskey and advanced technology, Indians also have a heart full of love for gambling. The online industry has notably flourished in the Indian subcontinent in the last few years. However, none have seen as much success as the field of fantasy sports betting. In this article, BetZillion teams up with gambling ingenue Rebecca Martin to offer reasons behind such an unexpected victory. Get a glimpse of the wild triumph fantasy sports has enjoyed and continues to enjoy among Indians in the country.
Fantasy sports is a relatively new phenomenon that has descended on bettors with the advent of the Internet. However, fantasy betting is quite similar if you are into sports betting. If you want to know how you can use only the best betting sites for India, Martin has compiled a nifty list for you. You can hit these spots at your convenience if you want a lucrative bet with favorable odds.
We will answer some of the queries you must surely have. How did India become the best spot for fantasy betting? Is there a stable future for the activity in the country? Is betting even legal in India in the first place? How can sports betting be beneficial and turn over individual profits? These are just some of the many questions our expert, Rebecca Martin, will answer for you today.
What Is Fantasy Sports Betting?
There are many types of entertainment worldwide to satisfy one's need for enjoyment and pleasure. Fantasy sports plays right up among the big names on the list. If you are a newbie and you want to know the details before you start betting, you are in the right place. Keep reading to learn more.
Rebecca Martin explains that a fantasy sport is a form of a game people play over the Internet. Participants form virtual imaginary teams consisting of real sportspeople of a particular professional sport. The athletes are selected based on their statistics and performance in real games or seasons. The performance is calculated as points and listed and added to a roster that each fantasy team manager selects.
There are two ways to measure the points a fantasy team accrues. One way is for the league commissioner to calculate the scores manually. The league commissioner also manages the league as a whole. If the calculations are too complex, you can use computers that compile and calculate as well as track the results of the particular sport in real-time. Like real sports teams, owners of fantasy teams can drop, trade, and welcome players.
Here is why India continues to top the charts regarding fantasy sports bettings. While this certainly is an exciting venture, sports bettors agree that making predictions on the outcomes of the fantasy games and making money off them is even better. Thus, there is little wonder why India has so much fantasy sports development.
The Current Situation in Fantasy Sports Market
The Internet and technology have brought a rising tide of benefits. One such result of progress is sophisticated forms of entertainment that offer something for everyone. Of course, as with our discussion, fantasy sports betting falls right into this category. The present conditions of this activity are rising and ever popular among consumers, while the future is a prediction of vibrance and growth.
So why is fantasy sports betting so popular?
Trend forecasters report that the primary age group of the urban population as of the present consists of age groups willing to spend on leisurely activities. This age group is the most dominant and growing part of the population bracket. Younger betting patrons seem to curve towards fantasy sports bets over other old-school online events. Disposable income is also a characteristic of such people, which often goes to fund activities like fantasy sports betting. Moreover, the affordability of cell phones and internet subscription packs ensures that the habit is nourished and entertained to the fullest. Of course, it also helps that the design of such applications has a much more friendly interface for users to grasp and interact with on their devices.
Globally, the propagation of the Internet to even the most remote corners of the world has helped spread multiple mainstream and alternative forms of entertaining activities. The development of government infrastructure and initiative is also a factor in the popularity of fantasy sports betting. High-speed Internet and digital initiatives help introduce people to the activity and draw in larger crowds. The following are the places in each space that sees a rising clamor for fantasy sporting bets:
- North America
- The USA
- Canada
- Rest of North America
- Europe
- Germany
- France
- The UK
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- The Middle East and Africa
- GCC
- South Africa
- Rest of the Middle East and Africa
- South America
- Brazil
- Rest of South America
What certainly helps the case for fantasy sports betting is that the most promising digital businesses and platforms are aggressively marketing and promoting such events. The investments of the following bigwig digital companies have made a difference in how fantasy sports betting is viewed:
- Dream Sports Inc. (Dream 11)
- Reality Sports Online
- Hypometer Technologies
- UltraPlay
- Boom Fantasy
- DraftKings, Inc.
- FanDuel
- LiveLike
- The Walt Disney Company
- Sportech Inc.
With gaming websites and mobile applications offering newer and better versions of fantasy sporting bets, the future is truly now.
Fantasy Sports Market in India – The Potency of Growth
Indian fantasy sports bookmakers are now making the big bucks in their foray to increase revenue in this aspect. Rebecca Martin writes that according to the FICCI-EY report, 2022 will be an extremely lucrative year for the activity. The report forecasts that the betting industry concerning the Indian fantasy sports will hit the $2.5 billion mark by the end of the year. With a growth rate, the CAGR charts at 32%, predictions are that by 2024, the market will be worth around a cool $3.7 billion after a mere two-year period. Therefore, quite understandably, India top betting sites are already preparing for the action with amazing deals and promos.
Reasons Why India Is a Top-Rated Space for Fantasy Sports
In this article, Rebecca Martin has charted the astounding popularity of fantasy sports betting among Indians. However, there must be something fueling this need for this particular gaming platform. Our gaming expert Martin examines four of the most likely reasons fantasy sports development in India is at an all-time success. Keep reading below to know more:
- Progress of the Internet Revolution
People from all social strata can transcend barriers and grasp new methods of entertainment previously unthought of across the nation. The Internet has truly been a boon in many terms, especially when it comes to fantasy sports betting. The commonplace usage of 4G network, including the increasing spread of 5G network, has also helped shape the industry for good.
Fantasy sports betting continues to top the charts among Indians. The simplicity and ease of access to fantasy betting have made it easier for people to get into the activity. Additionally, the inclusion of well-revered athletes and beloved sports is the perfect combination for a nation that celebrates sports with a devotion unmatched by any other country.
- The Covid-19 Pandemic Situation
Saying that Covid-19 has been a bummer on all forms of recreation is more than just an understatement. All types of industries have suffered under the relentless battering of the viral pandemic. However, online gaming platforms like fantasy sports betting have triumphed.
As more and more quarantines and social distancing norms were imposed, people turned to spaces that offered amusement and momentary reprieve from the ravaging global events. Indian fantasy sports bookmakers have gained more footfall in the past two decades. It helps people to relax and unwind with a round of fantasy betting with their favorite sports and teams during such a stressful time. It helped solidify the position of fantasy sports betting in the hearts of Indian people.
- Rising Number of Key Investors
India barely saw more than 10 operators struggling to create a demand for and market fantasy sports betting in India in the past decade. However, the scene took a for the better after 2016. With 150operators meeting the demand from an ever-growing eager audience, the revenue numbers speak for themselves. After all, the gross income that the market produced in 2019 was Rs. 920 crores (US $131.64 million. In 2020, the number stood at Rs. 2, 400 crores (the US $340.47 million).
- The ambiguity of Indian Betting Laws
When it comes to making bets, Indian regulatory bodies offer a very ambiguous reading of the laws that are already mired in the complexities of a grey area. No law explicitly bars or promotes the activity. However, that places fantasy sports bettors at an advantage. If you are wondering whether fantasy sports are legal in India, trust only secure and well-known establishments.
Betting Money on Fantasy Sports
If you are wondering whether it is profitable to bet on fantasy sports betting sites in India, Rebecca Martin recommends looking at the industry's revenue. With a 700% increase in market structure and more than 2500% increase in signups at online betting sites in India, the numbers speak for themselves. The question remains: where are the betting sites? With BetZillion's promotion of trusty bookies, you should have no worries. You can use only the best betting sites for India, like Parimatch, Betway, and more. Only use the most trustworthy and highest-rated spots BetZillion recommends for a safe and enjoyable betting experience. Sign up today and bet on your favorite sports team now!
A Summary
The last two decades have seen fantasy sports betting rising in popularity with zeal in India. The improvement and spread of the Internet have ensured that almost every generation capable of understanding and using a celluloid device is invested in the activity. Moreover, online betting sites in India have taken advantage of other factors like the Covid-19 pandemic that forced everyone to look for ways to entertain themselves inside their homes.
Such elements have helped boost the fantasy sports betting activity.
Author's Bio for Rebecca Martin
Regarding the betting industry, Rebecca Martin is the ultimate expert. Years and years of working in the industry have made Martin a wise veteran of the entire gambling venture. Now, she writes pieces on the intricate world of gambling to help others become high-stake bettors who take home the jackpot. From a novice to an experienced high roller patron, everyone benefits from Martin's extensive pieces on gamblings, sports betting, casino reviews, and more.
Anyone interested in the art of betting must read at least one of Rebecca Martin's articles. You will know in a beat why gamblers rave about Martin's expertise. Using her tips and do's and dont's at online casinos and sportsbooks, you can become an experienced bettor yourself. Now, read more of gambling expert Rebecca Martin's works on the BetZillion blog site!