confinement measures established to fight COVID-19<\/a><\/em><\/strong>.<\/p>\n\n\n\nThe report from Maple Capital Advisors said the local iGaming sector is currently valued at US$930 million, but forecasts a compounded annual growth rate of 32% to US$3.7 billion by 2024, partly due to a rise in quality and more engaging gaming content.<\/p>\n\n\n\n
Pankaj Karna, founder and MD, Maple Capital Advisors, told The Hindu newspaper: \u201cIn these lockdown times, we see consumption has grown at least 20-30% despite significant impact on live sports, a big driver of fantasy sports gaming,\u201d <\/p>\n\n\n\n
He also saw increasing traction on venture capital investments in iGaming, with over US$350 million invested between 2014 and 2020. Karna expects the rate to double in the next two years. There are about 400 gaming start-ups in India.<\/p>\n\n\n\n
The report added that fantasy sports gaming such as Dream11 and MPL had taken a major hit due to postponement of IPL<\/em><\/strong> and other live sporting events in India.<\/p>\n","protected":false},"excerpt":{"rendered":"Time spent on iGaming websites and apps also increased by 21% during the country’s lockdown.<\/p>\n","protected":false},"author":2,"featured_media":6921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Indian iGaming sector experienced a significant surge in traffic and engagement during the COVID-19 lockdown, with visits increasing by 24% and time spent by 21%. Valued at US$930 million, the market is projected to reach US$3.7 billion by 2024, driven by enhanced content and sustained venture capital interest, despite challenges for fantasy sports due to live event cancellations.","focusai_entities":"Maple Capital Advisors, Pankaj Karna, The Hindu, Dream11, MPL, IPL","focusai_location":"India","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), affiliate_publisher (0.8), product_ux (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"India iGaming Growth Drivers","query":"What specific content verticals and engagement strategies are driving the projected 32% CAGR in the Indian iGaming market, beyond the initial lockdown-induced surge?"},{"label":"VC Investment Impact","query":"How will the anticipated doubling of venture capital investments in Indian iGaming over the next two years influence market consolidation, technological innovation, and the competitive landscape for both B2B and B2C entities?"}],"footnotes":""},"categories":[153,158,16334],"tags":[1897,58],"class_list":["post-6920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-igaming-news","category-slider-home","category-south-asia-news","tag-igaming","tag-india"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=6920"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6920\/revisions"}],"predecessor-version":[{"id":777008300,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6920\/revisions\/777008300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6921"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}