Roland Landers, CEO of the AIGF (All India Gaming Federation) has recently revealed that the real-money online gaming industry in India is currently worth roughly Rs 2,000 crore. It has no doubt benefited from the steady growth of the gaming industry as a whole in the country, and from what Landers said, the gross gaming revenue for online gaming portals has been enjoying a consistent growth pace of around 30-35%.
Landers pointed to mobile gaming as one of the biggest contributors to the industry of online gaming with real money involved. Moreover, he believes that the industry’s gross gaming revenue (GGR) can easily cross the $1 billion (about Rs 7,100 crore) milestone by 2025.
If what Landers projected proves true, the real-money online gaming industry will expand by 3.5 times in the next 5 years, which represents a compound annual growth rate of 35% - the same pace it has reportedly been maintaining for two years. More and more people are investing in the gaming scene in India today, and Landers listed the increasing availability of hardware and affordable internet data as the most prominent factors behind this trend.
Online real-money skill-based games can range from arcade games like 8-ball pool to virtual sports platforms like Mobile Premier League or Dream11. AIGF aims to put regulations on this industry in the future to establish rules and guidelines that all players and other stakeholders must follow. “We work to protect online gamers, and that can only happen when proper procedure is brought by operators,” Landers said. The organization also conducts audits to make sure that online operators follow the rules properly and disputes resolution mechanisms to look into any possible issues reported by players.
With the gaming industry increasingly gaining awareness in India, it’ll be interesting to see if it can maintain or perhaps even exceeds its current growth pace.