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The online gaming industry to touch Rs 11,900 crore by 2023: KPMG

The Indian Federation of Sports Gaming (IFSG), the self-regulatory industry body for the sports gaming sector, and KPMG India launched a report on ‘The Evolving Landscape of Sports Gaming in India’ at its second flagship event – Game Plan 2019. The report provides an overview of the online gaming industry with a focus on fantasy sports and esports.

Highlights the findings of a survey conducted by KPMG on fantasy sports users to understand their preferences and playing patterns;

Aims to create awareness about the growth drivers of the fantasy sports market in India and the stark differences between fantasy sports, esports and sports betting;

72 per cent of respondents, the primary motivation for playing fantasy sports are fun and excitement. Further, 69 per cent of respondents say that there are no overlaps between fantasy sports and sports betting and amongst these, 81 per cent say that playing fantasy sports requires profound skill and knowledge

Based on the overall theme of the economy of sports gaming, the GamePlan 2019 event hosted three separate panel discussions: Future of Online Sports Entertainment in India, Growth of Sports Gaming Ecosystem and Fuelling Sports Fan Engagement.

Panellists included the likes of Facebook director global marketing  solutions Melinda Petrunoff; Google  country director sales Vikas Agnihotri ; AWS head business development Navdeep Manaktala,; Hotstar EVP and head product Varun Narang; Pro Kabaddi League president new strategy Ipsita Dasgupta,; FIH  global head and sales Ricky Thussu; KPMG partner Girish Menon,; Dream11 founder and CEO Harsh Jain; Wavemaker CEO SEA Karthik Sharma, Sportz Interactive CEO Arvind Iyengar, FanFight  founder and CEO Akhil Suhag, Fantain and sports  co-founder CPO  Arvind Ramachandran,  industry experts like Amrit Mathur, Gaurav Kapoor and Joy Bhattacharjya, PVL.

Commenting on the occasion IFSG president  John Loffhagen, said, “With the rapidly growing digital infrastructure and emergence of new sports leagues, the Indian online sports gaming industry is witnessing a boom which shows no sign of slowing down. Exponential growth provides users with easy access to a vast variety of sports gaming apps, formats and genres. This could lead to potential confusion and misjudgement among players in choosing the right platform to engage with their favourite sport. As India’s only self- regulated industry body for sports gaming, we are dedicated to creating awareness about fantasy sports, encouraging operators to adopt ethical and best business practices and allowing sports fans to enjoy their favourite sports in a fun, exciting and safe manner.”

KPMG in India partner and head – media and entertainment Girish Menon said, “Online gaming in India is seeing increased traction due to the growth of digital infrastructure, with fantasy sports emerging as an important segment in this space. With the number of fantasy sports operators growing rapidly and the number of users on fantasy sports platforms expected to cross 100 million by 2020, this segment has the potential to spawn a whole ecosystem around it and could help deepen user engagement with their favourite sports.”

Key highlights from the KPMG Report:

A survey was further conducted by KPMG taking into account 336 consumers who have played fantasy sports in the last 12 months. KPMG further expressed that the rapid growth in digital infrastructure has led to the growth of online gaming in the country, with the revenue is expected to touch Rs 11,900 crore by financial year 23. The online gaming industry that was pegged at Rs 2,000 crore in financial year 14 grew 2x to reach Rs 4,400 crore in financial year18. The revenue expected to clip at 22 per cent CAGR from 2018 to 2023 to touch Rs 11,900 crore, according to KPMG.

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