MUMBAI: The sports business in India stood at Rs 15,766 crore ($1.9 billion approx) in 2023. Tellingly, cricket’s (read Indian Premier League in particular) share of this is 87 per cent, up from 85 per cent in 2022. All other other sports, including football, kabaddi, hockey, badminton, to name some prominent ones, account for the remaining 13 per cent.
Of the total money spent on sports sponsorship (inclusive of ground, team, and franchise fees) and media spends by brands brought in the biggest chunks.
Endorsements by athletes are a distant third.