The Evolution of Fantasy Sports in India-- Advertisement --Fantasy sports in India have experienced incredible expansion. Indian online fantasy sports platforms reportedly garnered significant international investment, according to a whitepaper by Indiatech. Before paying out winnings to winners, online fantasy sports (OFS) operators and platforms subtract applicable tax at the source. However, the Indian fantasy sports market is expanding at a CAGR of 32%, and by the end of 2024, it is predicted to be worth $3.7 billion. Additionally, according to PwC’s estimate, the Indian market for online fantasy sports is anticipated to be worth $3.7 billion by 2024.

Source: The Telegraph August 09, 2022 13:32 UTC