Revenues from Online Gaming Surge by 412% to Rs 6,909 Crore, According to FM Sitharaman
Monday, 9 September 2024, 20:32
Revenues from Online Gaming Surge by 412%
In a recent press conference following the 54th GST Council meeting, FM Sitharaman announced that revenues from online gaming have surged by 412%, now totaling Rs 6,909 crore. This notable increase highlights the growing popularity of online platforms and the shift in consumer preferences towards digital entertainment.
Key Highlights from the Announcement
- The online gaming industry has experienced unprecedented growth, witnessing a 412% rise.
- Casinos have also reported a significant revenue increase of 30%.
- This growth underlines the potential of the gaming sector as a vital contributor to the economy.
Such impressive statistics not only signify a thriving market but also drive discussions on the implications for taxation and regulations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.