For the first time in its history, the Indian Premier League’s (IPL) valuation has declined for two consecutive years. It has come down to Rs 76,100 crore in 2025 from Rs 82,700 crore in 2024 and Rs 92,500 crore in 2023.

D&P Advisory’s 2025 IPL-WPL Valuation Report , titled ‘Beyond 22 Yards – The Power of Platforms, The Price of Regulation’, attributes the 8% decline in the valuation to two factors: JioStar’s consolidation of media rights and the ban on Real Money Gaming (RMG) advertising.

The merger has ended the competitive tension that once fuelled “auction fever”, and the ban has pulled Rs 1,500–2,000 crore annually from the ecosystem, leaving a clear gap in broadcaster revenues, franchise deals, and fan engagement.

The report mentions that these twin shocks mark a reset for the l

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