As the online gaming industry complies with the 28% GST decision, time for the government to support growth Change is inevitable. Change is constant, Benjamin Disraeli, the UK’s former Prime Minister said. He could not have been more correct.

The online real money gaming industry also underwent a major change as the 50th and 51st GST (goods and services tax) meetings implemented the 28% GST on face value in place of 18% GST on gross gaming revenue (GGR), blurring the lines between games of chance and games of skill.

As per a report, the online gaming industry has grown at a compound annual growth rate (CAGR) of 28% from FY20 to FY23, culminating in a market value of Rs 16,428 crore in FY23.

Industry estimates suggest that the market is expected to grow at a 15% CAGR to reach Rs 33,243 crore by FY28. The segment has attracted consistent investments totalling Rs 22,931 crore between FY20 and FY24 from both domestic and foreign sources.