A CALL FOR CHANGE – ONLINE GAMING
Since 2018 the Real Money Games online sector has grown significantly in India. Tis is mainly down to the clarity on legality at various High Courts in the country plus a huge growth in the mobile phone market. Mobile phone usage has grown enormously over the last few years and this has had a big impact on the availability of online gambling.
A joint report by KPMG and the Indian Federation of Sports Gaming said online gaming revenues in India have doubled over the last four years and now reach Rs43.8bn (2018) and are forecast to reach Rs118.8bn by 2022.
Tis growth in online gaming activity is driven by the increase in the number of gamers which has increased tenfold over the last eight years. Mobile games have an 89 per cent increase in the share of revenues for online gaming compared to other devices.
Te report says the growth is also the result of the increase in smart phones with the number of smart phone users in India estimated to be 530 million in 2019 whilst the mobile gaming market in India is expected to top US$1.1bn by 2020 with the number of gaming users expected to grow to 638 million this year (2020).
Tere is now easy availability of affordable data
As one of the top five countries for mobile gaming in the world the Indian industry is already worth more than $890m. Mobile phones have been a major
contributor to the growth of the online gaming market and the number of game developing companies grew from just 20 in 2010 to around 250 in 2018 (of which 100 are RMG operators).
packs plus easy to use gaming apps have been developed. Women gamers are increasing in numbers whilst there has been an increase in development and marketing of gaming via mobile, console and computer games with a bigger choice.
As one of the top five countries for mobile gaming in the world the Indian industry is already worth more than $890m. Mobile phones have been a major contributor to the growth of the online gaming market and the number of game developing companies grew from just 20 in 2010 to around 250 in 2018 (of which 100 are RMG operators) whilst the number of gamers has grown from around 20 million back in 2010 to 250 million today.
Te All Indian Gaming Federation (IAGF) says India has 120 million gamers and the number has risen by 30 per cent over the last three years.
Meanwhile revenues have doubled in the last four years for the online Real Money Skill Gaming industry in India reaching Rs4,380 crore in FY18. However the government is still losing up to Rs19,000 crore in tax revenue every year due to illegal activities.
Te key in India relating to the online sector is the difference between games of chance and games of skill. Tere is a strict prohibition on participating on games offering money as a prize but skill games are different.
Te online gaming sector is mainly made up of Real Money Games (including mainly rummy, poker, daily fantasy and quizzing), Mobile Centric/Casual games (Candy Crush, Subway Surfers) and e-sports (FIFA, CounterStrike).
Questions still linger over these games as to whether these are gambling or games of skill. Tis coupled with ambiguous laws in certain
NEWSWIRE / INTERACTIVE / MARKET DATA P61
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