Online Gaming Bill 2025: How many crores will BCCI lose after Dream11 exit? | Cricket News

In this picture illustration taken on October 12, 2020, a person checks the Dream11 utility of the Indian Premier League (IPL) cricket event, on his cell phone in New Delhi. (AFP)

Dream11, a serious fantasy sports activities firm, has knowledgeable the Board of Control for Cricket in India (BCCI) that it’ll discontinue its title sponsorship of the Indian cricket staff following the passage of the ‘Promotion and Regulation of Online Gaming Bill 2025’ by the central authorities, which led to the shutdown of their actual cash video games operations.The new authorities invoice has successfully banned actual cash gaming providers and associated ads, severely impacting the first income stream of fantasy sports activities firms in India.

In 2023, the BCCI introduced a take care of Dream11 because the lead sponsor for Team India. Dream11 changed BYJU’s, whose contract led to March that yr, and had signed the settlement with BCCI for a interval of three years.Dream11 has a 2023-2026 contract of USD 44 million (Rs 358 crore) for being the title sponsor of the Indian cricket staff. My11Circle, an official IPL accomplice, dedicated Rs 625 crore in February 2024 for a deal legitimate until 2028.Dream11 is amongst India’s largest advertisers. In FY23, its mum or dad firm Dream Sports, spent about Rs 2,964 crore on promoting and promotions, a 37 per cent improve over the earlier yr. The new regulation is anticipated to considerably disrupt the promoting market.According a report within the Economic Times, the fantasy sports activities platforms collectively spend over ₹5,000 crore yearly on advertising and promoting.

Dream11 spent Rs 2,964 crore on adverts in 2022-23, whereas Games24x7, which owns My11Circle and RummyCircle, spent Rs 1,421 crore.And with Asia Cup 2025 set to begin from September 9, the BCCI has working in opposition to the time to discover a new sponsor. The Bill was handed within the Lok Sabha on Wednesday and within the Rajya Sabha the subsequent day. President Droupadi Murmu on Friday gave her assent to The Promotion and Regulation of Online Gaming Bill, 2025, that was handed by Parliament.“BCCI and Dream 11 are discontinuing their relationship with each other after the Online gaming bill. BCCI will ensure not to indulge with any such organisations ahead in future,” BCCI Secretary Devajit Saikia informed ANI.