The online real-money gaming industry in India is expected to decline significantly after the government imposed a 28% tax on user collections, according to a report by Lumikai. However, the report predicts that the overall gaming industry will continue to grow at a compound annual growth rate of 20% between FY23 and FY28, reaching revenues of $7.5 billion. The growth will be driven by in-app purchases and ad revenues, rather than real-money gaming.
source https://timesofindia.indiatimes.com/business/india-business/real-money-gaming-headed-for-a-squeeze-after-gst-ruling-forecasts-lumikai/google-report/articleshow/104924147.cms
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