IPL matches are going on in the country. Some cricket lovers bet on their favorite team every day, some people win on that bet, while some people lose. You all must have heard the name of Dream 11, most of the people invest money in the matches on Dream 11. In simple language you can also call it betting or betting. But do you know how much money is spent on this every day?
dream 11
First of all, let us know whose Dream 11 it is and how much it earns. Let us tell you that Dream 11 was started by Harsh Jain. Harsh is an Indian businessman who started Dream 11 with his friend Bhavit Sheth in 2008. Their app has earned big with the success of IPL and other cricket tournaments. Today Dream11 is an 8 billion dollar (Rs 65,000 crore) company. There are about 150 million active users on the Dream 11 platform.
Earning from Dream 11
Cricket lovers earn money by forming teams on Dream 11. Right now IPL is going on, so most of the people are investing money in IPL. Not only are the viewers investing money, but they are also earning a lot of money. In fact, during the match, people bet heavily by investing money on many other apps including Dream 11. During this period many people also win crores of rupees.
what does the data say
According to the information, in the year 2016, players playing on Dream 11 app had earned Rs 350 crore. By October 17, 2023, Dream 11 had made more than 100 people millionaires in India. Most of the people win on Dream 11 by making their own team.
How does the company earn money?
Let us tell you that in the year 2021, the earning of Dream 11 was Rs 2,554 crore. In the year 2022, this earning had increased to Rs 3,841 crore. Whereas Dream 11 has received around Rs 224 crore from the interest on the money lying in the bank account. According to the information, more than 16 crore people play with Dream 11 every day.
TDS is deducted
Let us tell you that TDS is deducted on the amount you win in Dream 11 Sale. Whereas on Dream 11 one can invest from Rs 50 to Rs 1 crore. Any person can invest up to Rs 3 crore in a match three times in a day. However, TDS of 30 percent is deducted on the winning amount.
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