The non-governmental gaming body Indian Federation of Sports Gaming (IFSG) recently announced that they’re going to be hosting GamePlan 2.0 on 4th March, i.e. yesterday. The gaming conference came back for the second time after having hosted inaugural GamePlan in 2018.
The topic of discussion for the one-day GamePlan 2.0 was ‘Economy of Sports Gaming’ and a long and healthy panel talk, discussions, etc. ensured at the event’s venue Four Seasons, Mumbai yesterday. Three panel discussions were held yesterday.
The first panel’s topic was titled ‘Future of Online Sports Entertainment in India’, second ‘Growth of Sports Gaming Ecosystem’ and third was titled ‘Fuelling Sports Fan Engagement’. The dignitaries who presided over the panel included the likes of Vikas Agnihotri of Google India, Girish Menon of KPMG, Harsh Jain, CEO of Dream11, Melinda Petrunoff of Facebook, Navdeep Manaktala of Amazon Web Services, Amrit Mathur of IFSG, and others.
KPMG, the global consulting firm who is counted as one of the Big Four audit firms also released a report at the GamePlan 2.0, titled ‘The Evolving Landscape of Sports Gaming in India’. The report was jointly released with IFSG and focussed on fantasy sports and eSports.
Some of the report’s findings are that 72% of respondents say that their primary motivation for playing fantasy sports is fun. Further, 69% of respondents say that there is no intersection between fantasy sports and sports betting. 81% said that fantasy sports requires profound skill and knowledge.
Girish Menon spoke at the launch of this report and said, “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 favourite sports.”
The report further mentioned that 74% of users play fantasy sports 1-3 times a week, with the majority playing once a week and 20% reported playing more than 5 times a week. Coming to the overall revenues, the online gaming industry (real and dummy money) generated over INR 4,400 Crores for FY 2018. The report also states that the industry is expected to grow at a rate of 22% per year. It forecasted that the revenues would reach around INR 11,900 Crores by the end of FY 2023.
The conference ended on a successful note at the Four Seasons, Mumbai and showed a direction to the industry for the future. Keep reading GutshotMagazine.com for more such industry updates as well as for general gaming/gambling news from around the world.
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