Where and Why you should play fantasy sports games in 2021?
If you are a sports lover and watch regular sports then you should give Fantasy sports games a try in 2021. This is the right time to update your skill. Fantasy sports game has changed the perspective of watching sports. You even get paid watching your favorite game. You can use your sports knowledge. If you're smart enough to crack the fantasy code, then you can make a big amount by investing less. The more you invest, the more you will get paid.
2021 is the year when the fantasy sports market is supposed to get big numbers. We have some big events are lineup up including the Indian T20 League 2021, and T20 WC 2021. Next year, Football World Cup is ready to hit the number high. Olympic games are also happening in Tokyo. You have various sports where you can invest your time and money. Fantasy generates engagement and you can search for the change in the viewership of sports in the last two years. It has been increased due to fantasy.
Have you checked out the survey of the Federation of Indian Fantasy Sports (FIFS)?
They are the biggest federation to conduct surveys on such things. 87% of users who engage in fantasy sports are involving more in the analysis of the game because they have invested in fantasy apps. Fantasy users are adding full effort to strategize the game.
Over 48% of fantasy sports users watch every game online and it doesn't matter what the match is irrespective of their favourite team or country. See, how Dream11 launched Fan Code to stream live matches and MyTeam11 came out with the idea of SportsTiger. Other fantasy companies are also launching their own streaming services and analysis tool.
COVID waves didn't harm fantasy
We all have recovered from the second wave of Covid in India but we also see how users invested their time in Pak T20 League, Indian T20 League, International Cricket, Euro Championship, Copa America Cup, etc. Sports is running smoothly and users have a lot of games to invest their time in it.
If we look back from the scratch, the starting user base of fantasy in 2018 was 20 lakhs and it increased to 9 Cr in 2019. According to KPMG reports, revenue cost got triple last year. In 2019, the revenue was 924 crores and in 2020, it crossed 2470 crores. Don't forget 2020 was the year where companies were not even ready for the COVID. They didn't have plans for it.
If we talk about Contest Entry Amount (CEA), fantasy sports apps made 6000 corers and it got double now with 16500 crores in 2020. In the financial year of 2021, we expect this number might touch 20000 crores. The around 15-20% of active users on fantasy platforms are paid users. These numbers have increased during the pandemic time and in 2021, bigger sports events are lined up. You can't believe numbers rising from September to November when the biggest cricketing events will be played.
Let's talk more on CEA, Contest Entry Amount
Fantasy apps attract users by announcing contests at a low price and it allowed new users to participate. Cricket currently takes around 85% of the share in CEA. We can even understand through the Indian T20 League which constitutes 35-40% of the industry revenue.
Fantasy apps deduct 10-20% from the prize money and Dream11 has reduced its fee for private contests from 15% to 5% in 2020. The market is now close to 16500 crores in revenue from CEA and 2500 crore of revenue comes from the revenue of operators. At the end of 2021, data will be increased. Indian T20 League will be back again in the second half of the year, followed by World T20. Major football tournaments are also lined up like Euro Cup.
Conclusion: If these numbers don't push you to play fantasy cricket and win cash daily then what does? 2021 is going to be bigger and next year, when numbers will be released, it will break all the previous records. These data are not wrong and we also know how the fantasy market has been developed. Book your time and set the schedule of games. Give it a try if you admire sports and want to test your skills.