The Indian Premier League (IPL), once celebrated as the world’s most valuable cricket tournament, has seen a decline in its valuation for the second consecutive year.

According to a report by D&P Advisory released on October 15, 2025, the IPL’s ecosystem value decreased by nearly 11%, dropping to $8.8 billion (₹76,100 crore) in 2025 from $9.9 billion (₹82,700 crore) in 2024 and ₹92,500 crore in 2023, which was its peak.

The report, titled Beyond 22 Yards – ‘The Power of Platforms, The Price of Regulation’ – attributes the decline to two major factors: the nationwide ban on real money gaming (RMG) and the consolidation of media rights.

The 2025 Promotion & Regulation of Online Gaming Act banned money-game advertising and sponsorship, resulting in a loss of approximately ₹1,500-2,000 cr

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