What is the Growth and Statistics of Dream11 Clone App?

 

Dream11 provides a gaming platform for multiple sports such as cricket, football, basketball, kabaddi, and hockey. A participant who scores the maximum points in his joined contest attains the first rank on the leader-board. Dream11 offers free and paid contests. A user needs to pay a certain amount to join a contest and can win real cash. To participate in a Dream11 game, a user must be at least 18 years old.

 

 Stats of Dream11

 

In 2014, the company reported 1 million registered users, which grew to 2 million in 2016 and 45 million in 2018. In June 2018, Dream11  reported that it has 4 million users, up from 2 million users in 2017. The company also made to the list and ranked 9 among India's Great Mid-Size Workplaces - 2018.

 

In May 2015, Australian research company research firm IBISWorld reported that fantasy sport was a $2B industry, experiencing 10.7% annual growth, and employing 4,386 people in 292 businesses.

 

According to the Fantasy Sports Trade Association, Fantasy sports is a $7.22 billion industry with 59.3 million fantasy sports players in the United States and Canada as of 2016

 

Growth of the Fantasy Sports Market

 

In comparison to the United States, the UK has hardly 5% of the population participating, whereas the U.S. has about 10% of its population playing fantasy sports. ESPN Super Selector launched in 2001 for fantasy cricket and had 500,000 users during the 2003 ICC World Cup in South Africa. By 2017, there were 40 million fantasy sports players in India.

 

A 2006 study showed 22 percent of U.S. adult males 18 to 49 years old, with Internet access, play fantasy sports. Fantasy Sports is estimated to have a $3–$4 Billion annual economic impact across the sports industry

 

Now you may wonder that whether betting apps are legal or illegal. I will Clarify your doubt.

 

Legality

 

According to The Public Gambling Act, 1867, Section 12 - “Act not to apply to certain games” Dream11 is 100% Legal. This law clears that game played with the “GAME OF SKILLS” which means the participants uses his/her analytical skills and prediction talents about who will win/loss and which player will score more/less. By the above statement it is clear that Dream11 is absolutely legal. Dream11 is also legal in another way as it pays 23% tax to the Government. 

 

Future Predictions

 

The growth of the market has been tremendous. Within a short period, it has reached its peak. Across the World, the most popular fantasy sports app till date is Dream11. They are ruling the gaming market. 

In September 2015, Forbes reported that Eilers Research was projecting that daily fantasy games will generate around $2.6 billion in entry fees this year and grow 41% annually, reaching $14.4 billion in 2020.

 

So, just think why don’t you start a business like Dream11? It is merely possible for a common man/women to start a business with knowledge and love in gaming. There are very few numbers of competitions to give a tough war in fantasy sports.

 

Well, you all know that various sports tournaments are about to be held in the upcoming years. Like ICC World Cup T-20 in 2020, FIFA World Cup in 2022, ICC World Cup in 2023, ICC Champions league in 2021, etc. These are the future coming big events will is going to give you an enormous amount of revenue.

 

Final Words

 

The journey of Dream11 to reach such a height is not simply an easy task. After crossing many hurdles they have become a Unicorn. Are you an entrepreneur and seeking for the best Dream11 Clone App solutions to build your fantasy sports solutions.

 

Post your requirements and queries here >> https://www.startupmart.net/contact-us