The Indian Premier League (IPL) season is held every year and our cricket-crazy nation cannot stop raging about it. One of the most expensive leagues (third to be precise) in the world, IPL is undoubtedly the biggest T20 premier league in the world. A festival in itself for all cricket worshipers.
Well, it is true that due to the pandemic, the IPL was postponed and its remaining matches were rescheduled to be held in UAE in September 2021. However, we don't want any such thing during the IPL 2022, which will come live on March 26, 2022. Scheduled to be played in India, as we all want it, the first match of one of the most anticipated cricketing events of the present will be played in the M. A. Chidambaram Stadium, Chennai.
IPL is a huge money-crunching season for those involved in the play on and off the field. The players, team owners, media outlets, and franchises deal in amounts of millions of rupees. This concept can be traced to the Premier League matches of European football and is closely similar to the NBA of the United States. The then BCCI Vice-President Lalit Modi had declared that they had worked on the same idea for over 2 years before they could materialise the franchise-based T20 cricket competition, IPL, in April 2008.
What could be better than having a cricket frenzy for cricket-crazy people? The first season was a total hit since it involved international players and it was really something new to watch our favourite Indian players pitted against each other group into different teams.
Since everyone is involved in making money, why should you and I be left alone? No, I am not asking you to play or invest in the IPL hoopla although owning an IPL team is on most millennials' bucket lists. However, there are means where people are making the most of the IPL season and also earning from the same meanwhile.
Are you unknown about the ways regarding how to earn money from cricket? Then, let us look at the 5 legitimate ways to earn money from cricket during IPL in 2022.
1. Blogs, Websites, Memes
Social media, with its dearth of privacy, of course, never runs out of entertainment. Users glued to their devices are always looking for a sneak peek into famous people’s lives. Besides, our hotshot IPL players are no exception.
Remember KL Rahul and Hardik Pandya on Koffee with Karan? The series of meme threads it spread was hilarious. This brings us to one of the ways we can cash in on some humour. Memes are a great way to make a quick buck during IPL if you’re the creative one and are able to set off a viral trend on social media.
You can also begin writing or blogging about IPL for example, revolving around interesting facts, and trivia about the players or the games being held. Fans are always eager to know about their favourite players and blogging out fresh new information can only make it more enjoyable. Therefore, IPL event blogging can surely be one of the best ways to earn money from cricket during the Indian Premier League.
2. Fantasy Leagues
Fantasy Leagues are where you create your own team with players from the ongoing season meanwhile the performance of these players in actual games earns you points and monetary rewards. Better the team, the bigger the rewards. Choose your players wisely and you can earn a fortune.
Here are the top 6 Fantasy apps you can try to earn money from cricket now:
MyTeam11 is the fastest growing Fantasy Sports app with a user base of 18+ million. With the legendary batsmen of the Indian cricket team, Virendra Sehwag as its ambassador, MyTeam11 offers fantasy games for more than 10 sports.
The first sports fantasy app to become a unicorn, Dream11 hosts three fantasy sports and gives you access to the latest news, results, and main rankings based on which you can create your own team and even coach it. Dream11 has a maximum payout of INR 30,00,000 and you can withdraw your earned amount within one day.
Playerzpot has referral rewards every time your referrals play at Playerzpot. It has facilities for instant withdrawal by linking your Paytm with the app. Playerzpot offers sports fantasy games such as Cricket, Football, and Kabaddi.
MPL has over 60 games and fantasy cricket is one of them. It offers various transaction options such as Paytm, UPI, Amazon Pay, and bank transfers. With a celebrity face like Virat Kohli, MPL has gained grounds with its 24*7 customer support and huge cashback offers.
Headquartered in Gurgaon, India, Probo is designed to be an opinions trading platform where the users are offered opportunities to put their knowledge or prediction to the test. With a wide variety of niches that Probo covers, including Finance, Sports, Entertainment, News, and more, the platform enables its users to answer questions from their preferred domains in a simple Yes/No and then select the amount they would like to invest on the same. They would then just have to wait for their rewards based on the actual outcome of the events.
Howzat, a Delhi-based app has already over 7 million users and has collaborated with popular players such as Yuvraj Singh and Irfan Pathan to promote itself during the IPL season.
3. IPL Merchandise
India is a cricket-crazy nation and will live up to this title during any Cricket tournament be it T20, ODI, or the World Cup. If you’re looking for cashing in on this cricket frenzy, you can create and sell some IPL merchandise such as jersey replicas, caps, bats, quirky quotes from players on t-shirts, mugs, diaries, and so on. There is a highly functional wholesale market during the IPL season where you buy and sell these items at retail pricing.
4. Organize Hyperlocal T20 Tournaments
You can try and organize a hyperlocal T20 tournament with local sponsors of your community or society. Every season is hyped by cricket enthusiasts and this will encourage people to participate it will be really fun to see your neighbouring uncle aunties sort out their spats through cricket matches. Plus, you will earn some quick bucks, win-win during this IPL season.
5. IPL Screenings
We have all, at least once in our lifetime, been to football or cricket screenings, particularly in a pop café or bars. But why should bars have all the fun? You can organize an IPL screening in your society’s community hall or even your school playground (with official permission of course).
Watching an IPL screening can be really fun, especially when there’s an eagerly cheery crowd and some favourite comfort food. On top of this, you can arrange for happy hours with local drinks and delicacies with a cover charge and there you go, people would love to hop in.
The IPL season might be a great time to sit back and enjoy but while we are high on the gaming season let's not forget we are still fighting our way through the pandemic. Not trying to be a buzz-kill here but after the fearful second wave of the global pandemic, and with more strains developed in China and other parts of the world every alternate day, it is essential that we should take absolute care and maintain the COVID protocols in our homes and outside of them. Let’s enjoy the IPL season without jeopardizing lives and by maintaining the COVID-19 care. Please wear masks outside and avoid a huge gathering at your own place. Cheers to the IPL 2022!
How IPL teams earn money?
The IPL teams earn from Broadcast or Media Rights and Title Sponsorship, which constitute the Central Revenue channel and make up for around 70% of their revenues. The other prominent channels that help the IPL teams earn money are - Ad and Promotional Revenue, and Local Revenue, which adds 20% and 10% of the IPL teams' revenues.
How much do IPL teams earn?
IPL franchises earn 60-70% of their revenue through Media rights. Currently, global media rights have been acquired by Star India. They signed a five-year contract in 2018 for a whopping INR 16,374.50 crores.
How does IPL make money?
BCCI makes money by selling media rights, which is the biggest source of revenue.
How to earn money from cricket?
You can earn money from cricket by hosting screening events, via fantasy apps, selling merchandise, conducting hyperlocal T20 tournaments, and more.
How do IPL sponsors make money?
The IPL sponsors, like Tata, Dream11, Unacademy, Tata Safari, CRED, Upstox, RuPay, Star Sports, Paytm, and others make money from the amount of advertisement done on their behalf, which helps them:
- Build credibility
- Improve ROI
- Enhance the brand image
- Generate relevant leads
- Strengthen marketing
- Multiply sales and revenues