Sports Business

The great IPL valuation reset as consolidation meets regulation

Sohini Mitter

October 17, 2025 | 3 Min Read

For the first time in its glittering 18-year history, the IPL is learning what maturity looks like, as its valuation dips 11% from a peak of $11.2 billion two years ago. The JioStar merger and RMG crackdown are reshaping the league’s monetisation engine—from speculative to sustainable.

After years of stratospheric growth, the Indian Premier League (IPL) has hit a valuation plateau. The ecosystem’s value has slipped from a peak of ₹92,500 crore ($11.2 billion) in 2023 to ₹76,100 crore ($8.7 billion) in 2025—a more than 11% drop over two years. For a league that once defined India’s soft power and financial exuberance, that’s a slight reality check.

The reason? A double whammy.

First, the consolidation of media rights under JioStar put an end to the bitter rights rivalry and price escalation wars that had defined the past few years of the league.

Second, the Indian government’s sweeping ban on real money gaming (RMG) platforms like Dream 11 and My11Circle halted major sponsorships and advertising.

Together, these factors erased nearly ₹5,000–6,000 crore of annual inflows from India’s cricket economy and roughly ₹1,500–2,000 crore from the showpiece T20 league alone, according to D&P Advisory’s annual IPL valuation report.

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