After the online gaming bill 2025 law is enacted, online gaming with real money has been banned in India. Dream 11 has terminated its ₹ 358 crore Team India sponsorship agreement with BCCI. This will affect the BCCI’s earnings.
Dream11 sponsorship end: The online gaming bill from both houses of Parliament passed 2025 during the last monsoon session. Now this has become a law. Its effect has started appearing on the sports world. The BCCI (Board of Control for Cricket in India) from advertising has decreased. Fantasy sports company Dream 11 has told BCCI that it will close Team India’s title sponsorship. His real money games have stopped.
Central government shut down online gambling
The central government has stopped gambling online by making a new law. All such online games in which real money are invested are now banned. There is a ban on running such online games and promoting it. There is a provision of punishment for violating. This has had a serious impact on the earnings of fantasy sports companies in India.
BCCI had a contract of Rs 358 crore with Dream11
BCCI announced Dream11 to become the lead sponsor of Team India in 2023. It replaced Byju. In March 2023, BCCI’s contract with Byju ended. Dream11 signed a 3 -year agreement with BCCI for Team India’s lead sponsorship. Dream 11 was to be paid 358 crores for Team India’s lead sponsorship by 2023-2026. The official partner of the IPL, My 11 Circle, made a deal of Rs 625 crore in February 2024. It is valid until 2028.
Dream 11 is one of the largest advertisers in India. In 2022-2023, its original company Dream Sports spent around Rs 2,964 crore on advertising and publicity. This is 37 percent higher than the previous year.
Advertisement market affected by 5000 crore rupees due to law on online gaming
The advertisement market is expected to change significant changes due to the formation of a new online gaming law. According to the Economic Times report, fantasy sports platforms collectively spend more than Rs 5,000 crore annually on marketing and advertising. Dream 11 spent Rs 2,964 crore on advertisements in 2022-23, while Games 24 X7 (MY11Circle and Rummycircle own) spent Rs 1,421 crore. The Asia Cup 2025 is scheduled to begin on 9 September. Therefore, the BCCI has less time to find a new sponsor.
Online Gaming Bill 2025 was approved by President on 22 August
Let us know that Online Gaming Bill 2025 passed the Lok Sabha on August 20 and the Rajya Sabha on 21 August. President Draupadi Murmu approved it on Friday. With this, this bill has become law. BCCI Secretary Devjit Saikia told ANI, “BCCI and Dream 11 are ending their relationship with each other after the online gaming bill. The BCCI will ensure that he does not have any relations with any such organization in future.”