Online fantasy sports is instrumental in revolutionising sports, says Rijiju

Union Youth Affairs and Sports Minister Kiren Rijiju on Wednesday stated on-line fantasy sports activities is revolutionising sports activities by bringing followers nearer to their favorite video games.

“I see how fantasy sports is fuelling sports consumption. It is very important. Online fantasy sports is instrumental in revolutionising the manner in which sports enthusiasts engage with their respective favourite sports,” Rijiju stated on the 10th Global Sports Summit: FICCI ‘TURF’ 2020.

During a hearth chat, Harsh Jain, CEO & Co-Founder, Dream11 & Dream Sports, mentioned how fantasy sports activities is a digital sports activities engagement platform that has a direct impression on sports activities and the Indian financial system, each when it comes to development and innovation. When requested concerning the impression of fantasy sports activities within the sports activities trade, he stated, “India is a pretty big market with a billion sports fans, and so we cannot be a one-sport nation. The problem is that sports as an industry is built as top-down, meaning, it is all about mass and scale. We want to build it bottoms-up, and so, we want to focus on other sports that have pockets of users, and in India, even pockets can be lakhs of people.

“Fantasy Sports changes the way you consume sports — you don’t just follow the top team or the team you like; you follow everyone to see the value picks, research, knowledge, chemistry for every player, and sports consumption goes through the roof. It’s based on the actual sports match, and on real-life events and it’s not available 24×7.”

Talking concerning the potential of fantasy sports activities in India, Sangita Reddy, President, FICCI, and Joint MD, Apollo Hospitals Group, stated, “Online Fantasy Sports industry is actively working to develop and strengthen, and provide meaningful impetus to the entire sports ecosystem and is committed to creating impact dual partnerships for the government and other organisations to help realise the true potential of sports. The industry is committing a corpus of INR 20 crores in FY 2020-21 and will be deploying an additional Rs 50 crores in FY 2021-22 to aid and facilitate the development of sports in the sports ecosystem in the country.”

Participating in fantasy sports activities platforms will increase sports activities consumption as a sports activities fan follows the matches, groups, gamers, venue situations and so on. extra intently to have the ability to create a profitable fantasy sports activities workforce.