The Indian Premier League (IPL), also known as the TATA IPL for sponsorship reasons, is a men's Twenty20 (T20) cricket league held annually in India. Founded by the BCCI (the Board of Control for Cricket in India) in 2007, the league features ten state or city-based franchise teams.[3][4] Most popular and biggest cricket league, it usually takes place during the summer for 2 months, between March and May each year. It has an exclusive window in the ICC Future Tours Programme, resulting in fewer international cricket tours occurring during the IPL seasons.[5]
In 2014, it ranked sixth in average attendance among all sports leagues.[6] In 2010, the IPL became the first sporting event to be broadcast live on YouTube.[7][8] Inspired by the success of the IPL, other Indian sports leagues have been established.[a][11][12][13] In 2022, the league's brand value was estimated at ₹90,038 crore (US$11 billion).[14] According to the BCCI, the 2015 IPL season contributed ₹1,150 crore (US$140 million) to India's GDP.[15] In December 2022, the IPL achieved a valuation of US$10.9 billion, becoming a decacorn and registering a 75% growth in dollar terms since 2020 when it was valued at $6.2 billion, according to a report by the consulting firm D and P Advisory.[16] Its 2023 final became the most streamed live event on the internet, with 32 million viewers.[17]
In 2023, the league sold its media rights for the next 4 seasons for US$6.4 billion to Viacom18 and Star Sports,[18] meaning each IPL match was valued at $13.4 million.[19] As of 2024, there have been seventeen seasons of the tournament. The current champions are the Kolkata Knight Riders, who won the 2024 season after defeating the Sunrisers Hyderabad in the final.[20]
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