The online gaming market is booming with technology. Now, fantasy sports and online games are not limited to entertainment purposes. newplay88 are platforms showing your skillset and use your knowledge to win exciting rewards. Since the launch of the first video game in 1950, the online game has never stopped growing.

Online Gaming Business Across the World

In the entire year 2020, the global gaming market was approximately $62 million. According to the statistics, the business enterprise will be worth $300 billion by 2026. Mobile gaming makes almost 50% of the share market and generates revenue worth $80 billion. Online gaming may be the category of streamliners, developers, publishers, gaming arenas, coaches, and 2.5 billion users across the world.

The start-ups of online gaming have grown in India, in the last couple of years and attracted huge funding from both domestic and foreign investors of more than $ 1 million. The shares of gaming platforms are split between the US and China equally 24 % each, in the Asia-Pacific excluding China is 23%, Latin America has 4%, Canada has 2% and lastly, Europe, Africa, and the Middle East holds 23 % of shares.

Even with such huge success and a large user base, the Indian government isn’t considering the video game legal. In newplay88 of India, playing fantasy sports is not allowed and is known as gambling. Pandemic has just doubled the growth of the web games and fantasy sports industry in India regarding both fantasy sports app development & fantasy sports app platforms.

Government should look at online gaming with an open mind and understand it in-depth, rather than considering all online games, gambling. Government can target betting and gambling but should spare fantasy sports. However, fantasy sports might help the government to create huge revenue and raise the economy of the united states.

Types of Online Gaming

Fantasy Sports

One of the most popular gaming platforms for sports fans. Online fantasy is completely not the same as other gaming styles. An individual creates their team online of real players playing out there on the floor. The user’s performance completely depends upon the player and real-life statistics of the overall game.

IPL is the most beloved format of Fantasy Sports in India. Alongside playing the overall game, many users religiously follow the score and live matches on the fantasy Sports platforms. It is not a casino game of chance; you need skills and understanding of the overall game to play and win rewards. “NITI Aayog” has released guidelines to play fantasy sports. Users can play fantasy sports free of charge and real money.

The fantasy sports industry is growing and the user base is increasing exponentially. Because of the involvement of money and few cases on the fantasy platform, the federal government considered it as a gambling platform and doesn’t contemplate it legal on the central level. The online fantasy platforms follow all the rules of the Advertising Standards Council of India.