Indian online gaming on the rise

Indian online gaming on the rise

There are approximately 365 million mobile game users in the country. The Indian online gaming industry expects to reach a valuation of US$3.1bn in 2023.

India.- The online gaming industry in India continues to grow rapidly. Driven by Covid-19 lockdowns, higher quality games and faster Internet, online gaming in India is growing by leaps and bounds, reaching a value of US$1.2bn.

Nazara, India’s only gaming firm with a presence in markets in Africa and North America, entered the Indian esports market through Nodwin Gaming and has invested more than INR3bn (US$42 m) in mobile gaming over the last five years.

Venture capital funds have already invested US$107m in Indian gaming startups in 2021 and US$438m since April 2020.

According to a report made by Limelight Networks, a video delivery and edge cloud services provider, Indian video game players spend an average of 8.5 hours each week playing.

Online Gambling in India

Online gambling is a popular pastime in India and the number of online gamblers has grown during Covid-19 lockdowns. However, some states have banned online gambling in recent months.

The state government of Kerala imposed a ban after recent suicides were linked to financial problems caused by online gaming.

The Rajasthan state government is looking to pass a similar ban, while Tamil Nadu has already made online gaming a punishable offence, with promoters facing up to two years in jail.

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