The online gaming market in India has seen tremendous growth of late, driven, in part, by the surge in digital usage. The revenues have nearly doubled over a period of four years, reaching INR43.8 billion in FY18 and are expected to grow further at a CAGR of 22.1 per cent from FY18-23, The Online Rummy Federation (TORF) in a statement said like fantasy sports, India’s skill gaming industry suffers from the same byzantine set of state-by-state laws and regulations. “There is an equal, if not a larger need, to regulate the broader skill gaming industry,” it said. How Mobile Gaming Will Help Esports Evolve In India In 2021 And Beyond. NEWS. 2 Weeks ago. How Mobile Gaming Will Help Esports Evolve In India In 2021 And Beyond. Rajen said, “Online gaming has been one thing in the time of COVID that has shown how we can stay connected in a social way. “Another major promotional thrust in nationwide popularity of esports and online gaming will emerge from soaring numbers of internet users in India. According to a recent Google KPMG report, the user base will grow to 735m by 2021, this will include 536m users of Indian language internet users.” India | 01/18/2021 "In order to regulate gaming within the state and to bring revenue to the state government, we felt it necessary to enact a law for the same and therefore, the cabinet has approved the draft ordinance," said cabinet minister James K. Sangma. The Sikkim Online Gaming Amendment Rules makes online sports betting legal in Sikkim. Various local local and offshore operators are currently accepting bets from the state, while their number is expected to grow in the nea future. October, 2014: The Sikkim state government issues its first licence to an online gambling operator. Fundraising by Indian online gaming firms in 2021 is expected to surpass previous records as investors will look to make the most of people staying online for longer amid the coronavirus pandemic, industry experts say. The internet penetration in India is expected to reach 53% of its population by 2021. Presently, the average gamer in India spends 42 minutes a day on mobile games. According to a KPMG study, online gaming in the future will also be redefined by the digitization of traditional Indian games. The online skill gaming industry of India has jointly recommended the Central Govt. of India to standardize gaming regulations. The operators have called upon the govt. to establish a new institution which would make the regulations on gaming uniform. Notably, the Apex Court of India has, time and According to the report, the growth in online gaming industry is expected to strengthen the sector's share of total media and entertainment by 4−5%. Published: January 19, 2021 8:58 PM IST
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