Online gaming is emerging out as one of the fastest-growing industries in the world, mainly in India over the past few years. The digital games demand curve has seen an upward in the country with more than 250 game development companies offering feature-loaded games. The real money gaming (RMG) market has cemented a strong position in the mobile gaming bastion. This market is expected to reach around Rs. 2,200 crores at a rate of 30% per annum. It’s time now for the skill-based RMG market that is presently worth about Rs 2,000 crore.
Online card-based games including poker and rummy, which are becoming the digital boom for Indian players, had recognized as skill-based games. A game of skill refers to the game where a win depends upon personal abilities, knowledge, experience, and training of a player. If we go back in the previous 5 years, online poker tournaments in India have just about 50-60-odd players at one time. However, the situation has got changed completely now with approximately thousands of players enjoying online poker tournaments and real money games.
Growth Of Online Real Money Skill Gaming Industry in India By 2025
According to AllCasinos.in, smartphone gaming has been considered as one of the biggest contributors to the rapid growth of skill-based, online, and real money gaming. It has been found that a mid-range smartphone has all the basic features and specifications required to play a game.
The gross gaming revenue (GGR) of this industry is estimated to reach around $1 billion or Rs 7,100 crore by the year 2025. Not just the revenue rate, but the number of active monthly gamers in the online world is also gaining a significant rise with around 25 million people. Just 10% of these total players are actively investing in real money games.
Researchers further added that the online gaming sector comprising real money is believed to increase by 3.5 times at 35% CAGR (compound annual growth rate) in the next 5 years to come. The rise in the popularity and growth of real money skill-based gaming is partly due to the easy availability of decent hardware with cheap data. Rummy provides the largest share in this growth followed by very popular poker and fantasy sports.
Scope Of Real Money Skill Games
Online real money skill-based games are expected to have a better and rising scope in the future. Its scope includes fantasy sports platforms such as Mobile Premier League; and arcade games such as the 8-ball pool. To protect the privacy and gaming experience of online players, reputable authorities are setting uniform rules and guidelines for players and operators. Audits are hosted by 3rd party organizations to make sure that operators have standard rules and dispute resolution mechanisms to quickly identify problems of player grievances.
The latest trends of real money skill gaming market will have AI (Artificial Intelligence), VR (Virtual Reality), and AR (Augmented Reality). So, it’ll be interesting to see how this industry will outpace the present growth rate.