Delhi Capitals reached $1 billion valuation in 2024, up 29.4% from $800 million, per Forbes data. The GMR Group and JSW Group co-owners benefited from IPL media rights expansion, which doubled broadcast fees to $6.2 billion through 2027. Delhi's valuation climb mirrors broader IPL consolidation: five of ten franchises now exceed $1 billion, with Mumbai Indians leading at $2.3 billion. Cricket viewership in India stabilized above 300 million concurrent streams during 2024 IPL playoffs, sustaining premium economics for tier-one teams. Delhi's growth outpaced league average (18%), reflecting strong Delhi NCR demographics and consistent playoff qualification driving revenue multiples higher.