India’s Baazi sees 70% CAGR revenue growth over past three years

BalleBaazi

Indian fantasy sports are seeing surging growth, with Baazi Games alone recording compound average revenue growth of about 70 percent over the past three years, co-founder and marketing director, Varun Ganjoo, told Business Times.

Cricket is the most popular game, making up about 85-90 percent of revenue. Out of its 10 million-strong user base, 7 million are for its BalleBaazi division, which includes cricket, football and kabaddi.
India’s Supreme Court is set to hear a court case into whether fantasy sports can be considered a game of skill and therefore a legal gambling option. If found in favour, experts expect further market growth.