Top Tweets for #impactoffs
#FantasySports platforms have seen a significant rise in non-cricket sports engagement with #Kabaddi playing users growing from 9% in FY21 to 26% in FY22. #Basketball and #baseball users grew from 4% to 7% and 2% to 5%, respectively. #ImpactofFS FIFS @DeloitteIndia report
110 million paid #online gamers are taking part in the action-packed world of #FantasySports. The FIFS @DeloitteIndia report highlights the sector’s sustained growth, with # digitalization, new leagues, and #UPI Payments, driving the industry forward. #ImpactofFS
#Fantasysports industry has been a solid contributor to India’s #economic growth in the past few years. Its GST contribution is set to soar 5X in the next 5 years-from INR 2800 crore in FY18-22 to INR 14700 crore between FY23-27. #ImpactofFS FIFS @DeloitteIndia report
India’s #FantasySports industry has grown at a phenomenal rate with the registered users soaring from 13 crore users in FY21 to 18 crore in FY23. With almost 300 FS platforms in #India, the sector has developed a significant foothold. #ImpactofFS FIFS @DeloitteIndia report
The Indian #FantasySports industry was worth a staggering INR 75,000 crore in FY22 and is only set to grow. FS platforms are projected to generate a #revenue of INR 25,240 crore by FY27, signifying the potential of this lucrative industry. FIFS @DeloitteIndia report #ImpactofFS
According to FIFS @DeloitteIndia Report #FantasySports platforms recorded a 35% growth in users playing two or more fantasy sports in 2022, up from 25% in 2020. This highlights the industry’s potential to create a #multisport #culture. #ImpactofFS
#FantasySports companies have invested Rs 3100 cr towards developing the #sports ecosystem through sponsorships and partnerships. The number is expected to grow to Rs 6500 cr by FY27, according to the FIFS @DeloitteIndia report. #ImpactofFS
According to the FIFS @DeloitteIndia report, the #FantasySports industry is not only generating direct #revenue but also indirect revenue for sectors like #Cloud, #FinTech, & #advertising. The industry generated Rs 6,200 cr in indirect revenue in #FY2022 alone! #ImpactofFS
@DeloitteIndia @GoI_MeitY @Rajeev_GoI @AshwiniVaishnaw Increased participation and viewership of women in sports have also led to #Fantasysports seeing more female participation and vice versa. The @Deloitteindia report says 30% of the industry’s user base are #women. #WomeninSport #sportsforwomen #ImpactofFS
@DeloitteIndia @GoI_MeitY @Rajeev_GoI @AshwiniVaishnaw The @DeloitteIndia report showcases the increased engagement of users with #sports due to #FantasySports. 69.8% of FS users engage with new sports and 70.5% said their sports knowledge and sports viewing time had increased due to fantasy sports. #ImpactofFS
@DeloitteIndia @GoI_MeitY @Rajeev_GoI @AshwiniVaishnaw The #FantasySports industry created high-skill jobs for 12,800 people, and indirectly employed 7,500 professionals in FY22. This is in line with the Government’s vision of #AtmanirbharBharat and #MakeIndia. #ImpactofFS @DeloitteIndia
@DeloitteIndia @GoI_MeitY @Rajeev_GoI @AshwiniVaishnaw With over 300 fantasy sports platforms (FSPs) and 18Cr users, #India is the fastest-growing #FantasySports market in the world. The industry grew by 31% to INR 6,800 crore in FY22 and is expected to touch INR 25,240 crore by FY27. #ImpactofFS @DeloitteIndia
@DeloitteIndia @GoI_MeitY @Rajeev_GoI @AshwiniVaishnaw We are delighted to announce the launch of a report titled ‘Fantasy Sports: A Catalyst for the #sports economy’ created in partnership with @DeloitteIndia! The report highlights the industry's significant role in India's sporting ecosystem and its growth potential. #ImpactofFS
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