Total revenues from real-money gaming in India nudged the $1-billion mark in 2021, as per FICCI-EY’s estimates. This counts as a big stride for an industry that’s come into its own only in the past five years.
Even Google is paying attention and has started an experiment of listing a limited number of real-money apps on its Play Store, where the category was completely shut out earlier.
With such momentum, it’s easy to forget that betting allegations, state crackdowns and legal uncertainty have followed the fast-growing industry like a long shadow. Earlier this month, Tamil Nadu served a timely reminder that the difficulties are far from over.
The government there introduced an ordinance which, in essence, puts real-money games, especially rummy and poker, in the same damnable league as online gambling. This automatically results in a ban.
Already a subscriber? Sign In
Be the smartest person in the room. Choose the plan that works for you and join our exclusive subscriber community.
Premium Articles
4 articles every week
Archives
>3 years of archives
Org. Chart
1 every week
Newsletter
4 every week
Gifting Credits
5 premium articles every month
Session
3 screens concurrently
₹3,999
Subscribe Now
Have a coupon code?
Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds
Convinced that The Captable stories and insights
will give you the edge?
Convinced that The Captable stories
and insights will give you the edge?
Subscribe Now
Sign Up Now