Fantasy sports activities giants Dream 11, which not too long ago shut down its real money video games after central authorities handed the ‘Promotion and Regulation of Online Gaming Bill 2025’ in each the Houses of Parliament, has intimated to the BCCI that it will not be capable to proceed with the title sponsorship of the Indian cricket crew as the income stream goes to get hit badly.
PTI was the primary to report on August 20 that cricket’s income stream may very well be badly hit by the brand new invoice as Dream 11 and My11Circle collectively contribute about ₹1000 crore to BCCI by way of title sponsorship of Indian cricket crew and Indian Premier League.
Dream11 has a 2023-2026 contract of $44 million (₹358 crore) for being the title sponsor of the Indian cricket crew.
However, after the federal government invoice was handed stating that “no person shall offer any, aid, abet, induce, indulge, engage in offering online money gaming services nor shall involve in any advertisement which directly or indirectly promotes any person to play any online money game”, it served as a demise knell to the principle income stream of all main fantasy sports activities corporations in India.”
While BCCI secretary Devajit Saikia declined to comment on the development, it is understood that Dream11 might not have to pay any hefty penalty as the contract with the Indian board has a specific clause about getting a waiver in case there is a government regulation in place.
Dream11 is also the official fantasy partner of the Indian Super League.
While the new bill allows social gaming and subscription based use, the real money gaming’s ban means that the biggest chunk of their revenue stream is done away with.
In a latest assertion issued after the regulation was handed within the Upper House of Parliament, Dream 11 said: “We have at all times been a regulation abiding firm and have at all times carried out our enterprise in compliance with the regulation. While we imagine that progressive regulation would have been the way in which ahead, we are going to respect the regulation and totally comply with ‘Promotion and Regulation of Online Gaming Bill 2025’.
“The writing was always on the cards once the real money gaming was banned in the bill. That itself accounts for at least 90 percent of the revenue of all major players in the fantasy market. The next interesting phase will be what My11Circle which pays ₹125 crore annually to BCCI for being official fantasy partner of IPL do? They might also have to go the Dream11 way. As far as individual endorsement of cricketers with various apps are concerned, that market will also be severely hit,” a fantasy gaming trade insider instructed PTI on situation of anonymity.
