The rise of popularity of online fantasy sports has skyrocketed in recent years, and India has witnessed this phenomenon firsthand. By providing a chance for money-making to a wide range of sports fans, Fantasy Sports Apps like Dream11 and MPL commanded a sizable market share. The Indian gaming market is only just starting to grow, with massively multiplayer games like BGMI and the OFS sector driving the sector’s expansion.
Fantasy Sports is an online prediction game where players put together a fantasy term of natural athletes who compete in different sports such as football, football, basketball, hockey, and baseball. The performance of players in real life is converted into fantasy points using a weighted formula as the foundation of the system. Players who manage their Fantasy Sports Apps for gaming are becoming more prevalent as the world becomes more digitized.
What are Fantasy Sports?
Fantasy sport is a type of internet game where players must assemble virtual rosters using real-life athletes. Based on the players’ actual states, you will determine the game’s score. You will receive a higher score the better your players perform in actual matches. In Fantasy Sports Software, creating a virtual team is a rather simple process. The players you choose must be those you believe will perform at their peak during the real contest. After then, take a seat and observe how the players you choose performed in the game. You will receive generous prizes that can be further turned into real money if the selected players perform as you have anticipated.
What is the Future of Fantasy Sports Platforms?
Fantasy sports appear to have a bright future. However, the fantasy sports platforms will likely undergo some improvements shortly that will improve user experience.
01. Integrating Cryptocurrency
Fantasy sports have started to support cryptocurrencies. The acceptance of cryptocurrency payments on numerous platforms has already begun. Even significant and thrilling offers on cryptocurrency payments on multiple platforms have already begun. Even significant and thrilling offers on cryptocurrency deposits are made by some fantasy sports websites. These networks undoubtedly promote and recommend using cryptocurrencies. Cryptocurrencies may soon overtake fiat money as the preferred method of payment for fantasy sports services.
02. Lenient State Laws
At present, several states of India, including Assam, Karnataka, Orissa, etc have forbidden fantasy sports. The legalization of fantasy sports in various Indian states is anticipated to be a significant future change. Fantasy sports are prohibited in these states because they don’t view them as skill-based activities. India is the world’s latest market despite the ban. Imagine the potential if fantasy sports were legal in more states.
03. Esports and Fantasy Sports
Applications for Fantasy Sports Solution are making an effort to include eSports on their platforms. Similar to fantasy sports, in which users pick a team of professional athletes, esports will let users choose a team of professional esports players. Esports have become quite popular all around the world, including India. League of Legends, DOTA2, Valorant, and the CS: GO platform have enormous fan bases, and the user base is set to grow with the addition of an Esports sector to fantasy sports platforms.
Factors Affecting the Growth of Fantasy Sports
Fantasy sports games have increased by an astounding 700% in India during the last ten years. Fantasy sports platforms are becoming more and more popular due to these characteristics.
01. Widespread Internet connectivity
India is developing, and even the most rural locations now have better internet connectivity, which has led to the digitization of many elements of daily life. The popularity of fantasy sports in India is also largely influenced by this. India has an astonishingly large population of smartphone and internet users. More than 94% of online games are played on mobile phones, according to Statista.
02. Smartphone Penetration
With more and more people using smartphones, fantasy sports have become increasingly popular in India. India has undergone a revolution over the last ten years, and today, smartphones are in the hands of nearly everyone. The country has shown a clear preference for Fantasy Sports Software and fantasy sports platforms because of rising smartphone adoption and reasonably priced internet access.
03. Multiplayer Support
Today, playing video games is not seen as an individual activity. Online gamers placed a high value on social gaming. It’s convenient to communicate with your loved ones while playing the game. Because they offer a live chat function that creates an advanced multiplayer game experience.
The play-to-earn feature is the most important element influencing the global expansion of fantasy sports. The “play-to-earn” function enables users to make real money while participating in Fantasy sports. Since more and more players are making money using fantasy sports applications, the bulk of the audience finds this feature quite interesting.
The above-provided information discusses how Fantasy Sports App is taking over the mobile gaming industry. The rise of popularity of online fantasy sports has skyrocketed in recent years, and India has witnessed this phenomenon firsthand. By providing a chance for money-making to a wide range of sports fans, Fantasy Sports Apps like Dream11 and MPL commanded a sizable market share. You can also give read How Gamification Is Revolutionizing The Fantasy Sports Industry?