IFSG’s GamePlan 2019 a triumph, featuring release of KPMG report on sports gaming ecosystem

The Indian Federation of Sports Gaming (IFSG) held the GamePlan sports gaming conference at the Four Seasons Hotel in Mumbai, focusing on the theme of ‘The Economy of Sports Gaming’. The event included panel discussions on the Future of Online Sports Entertainment in India, Growth of Sports Gaming Ecosystem, and Fuelling Sports Fan Engagement. The esteemed panelists included Melinda Petrunoff from Facebook, Vikas Agnihotri from Google India, Varun Narang from Hotstar, Ipsita Dasgupta from Pro Kabaddi League, Girish Menon from KPMG India, and Harsh Jain, founder and CEO of Dream11.

At the conference, consulting firm KPMG India presented a report titled ‘The Evolving Landscape of Sports Gaming in India’. According to the report, the online gaming industry in India, including real money and casual/social gaming, generated Rs. 4,400 crores in revenues in the fiscal year 2018. The report projects a 22% annual growth rate, estimating revenues to reach around Rs. 11,900 crores by the fiscal year 2023. Additionally, the report highlighted the illegal gambling industry in India, estimating its worth to be around US$130 billion in 2018, compared to $122 billion in 2017.

KPMG’s note also emphasized that over 69% of users are able to differentiate between fantasy sports and sports betting, indicating a growing understanding of the distinction between the two. Girish Menon, Partner and Head – Media and Entertainment at KPMG India, commented on the report’s findings, stating, “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 favorite sports.”

The GamePlan 2019 event and the industry report shed light on the evolving landscape of sports gaming in India and the potential for significant growth and engagement in the coming years.