Fantasy sports are very popular in India right now and there are lakhs of people that try their luck on every single match that is played. Of course, cricket is not the only fantasy sport that Indians can play but it is by far the most popular. What are the laws relating to fantasy sports games in India? Well, the law is pretty clear. Fantasy sports are considered to be completely legal in India.
Read more about it right here.
What are the laws relating to fantasy sports games in India?
The Supreme Court of India has ruled fantasy sports to be games of skill and not just of chance. This is why these games are considered legal. Companies like Dream11, my11circle, and others are free to advertise their offerings on TV or anywhere else knowing fully well that they are protected by law.
The government is also happy to take a large chunk of tax revenue from this industry and so does not mind. If you win anything over Rs. 10,000 then you will need to pay 30% of that money to the government as tax. In fact, the Dream11 will collect that tax on behalf of the government and pay you 30% less than the amount that you have won.
It does not matter what tax slab you fall in, this 30% remains the same for everyone.
What are the laws relating to fantasy sports games in India? The laws are pretty clear and allow fantasy sports to function largely unhindered. You are not going to come under the scanner from any regulatory authority for playing any of these contests.
You should be aware, however, that the chances of your actually winning something are very low. You would have a much better chance at winning on a traditional online betting website. Good luck!
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