Fantasy Gaming League : Make real money while gaming
What is Fantasy Gaming App you ask?
Well putting it in language of an entrepreneur, it is a game where participants act like owners/managers and compete
against other owners. The fantasy gaming app allows to sign and trade the players as in real-life. The legal status of
fantasy gaming poses a great advantage. Fans can use their knowledge of various sports for making money or simply trying
to make some fun out of the game.
How Does the Fantasy Sports League Work?
It starts with a gaming league/tournament. The owner needs to select a fantastic team that comprises of real players.
The owner then makes a strategic decision. The selection gets based on data provided by the fantasy gaming app. The
owner receives information on the real players on parameters like goals, speed, endurance and agility of the players.
Is there a scope for fantasy leagues in India?
Well, Bhaskar Majumdar, managing partner at Unicorn India Ventures sure thinks so. According to
his article on a leading news portal, fantasy gaming is expected to grow at a compounded annual growth rate (CAGR) of 28% to touch $1.2 billion by 2022. Real
money gaming accounts for 55% of the market with a growing user base. Sports-focused games can offer a clear monetization model. We are a cricket-crazy nation and are increasingly exhibiting
love for other sports such as football, kabaddi and tennis. Entrepreneurs should take note of how the consumer in this segment is becoming more aware as we acknowledge the
emergence of new sporting icons such as Dipa Karmakar, Sakshi Malik, P.V. Sindhu, Geeta Phogat and Mary Kom. Other factors in favour include higher data penetration, falling tariffs, increasing disposable incomes and acceptance
of digital payments. These tell us that the Indian consumer is ready to be indulged in the world of fantasy gaming. The cost of building such a business and the customer acquisition cost are expected to remain low, as it is still
under-penetrated. It offers an immediate connection with users, investors and sports personalities.