IPL valued at $20.6 billion, second only to NFL per match

Houlihan Lokey values the IPL at $20.6 billion, up 11.4% from $18.5 billion in 2025. On a per-match basis, only the NFL ranks higher globally — ahead of the Premier League, NBA and MLB. The league's stand-alone brand value reached $4.3 billion. Record franchise sales, including Blackstone's near-$1.8 billion RCB acquisition, drove the surge.