Online gaming opening new doors for players
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Online gaming industry is booming in India. PUBG Mobile has ushered in multiplayer mobile gaming in the country. Ludo King got players aged 45 and above interested in online gaming. Competitive skill-based games commonly known as e-sports are turning gaming into a mainstream event. Indian Olympic Association announced in February that it will officially recognise e sports as a sporting event and Indian gamers can compete at the Asian Games in 2022.
Pranesh Mahajan, 26, is a regular player of Call of Duty Mobile. He used to play it during the pandemic. The Indian gaming industry is one of the few that has managed to stay afloat despite the crisis. There are 433 million users playing online games as of FY21. The sector is currently at Rs 136 billion and is expected to grow to Rs 290 billion by FY25. Live game streaming and e-sports platforms like Loco are growing rapidly. They offer interactive features that other VOD-first platforms don't. It also helps beginner creators. Gamezop is an arcade and gaming solutions provider based in Gurgaon.
The Indian online gaming sector is expected to reach $2 billion by 2023. Mobile Premier League (MPL) saw a 400% increase in the number of games played during the lockdown. MPL has over 85 million users worldwide. The company offers over 70 games across categories such as casual gaming, e-sports and fantasy games. It cuts across all age groups. They come from working professionals, home makers and senior citizens. There are also working people and working families. Their users come in all ages.
EY expects the e-sports market in India to reach Rs 11 billion by FY2025. EY expects it to generate economic value of around Rs 100 billion between now and FY 2025, mainly due to the growth of eSports. Penta started the company during the Covid 19 pandemic. The craze for fantasy games has also skyrocketed, riding on the popularity of the Indian Premier League (IPL). iPenta’s revenue models are powered by solutions for brands who want to connect with young and empowered audiences.
Karnataka Assembly passed the Karnataka Police (Amendment) Bill banning online gambling or betting in the state with maximum imprisonment of three years and penalty up to Rs 1 lakh. The bill bans online games involving all forms of wagering or betting. Gamezop is confident that in future the government will provide further clarification and exclude ‘games of skill’ from the ban. Penta Esports founder Anurag Khurana believes there should be no entry or registration fee for e-sports tournaments and leagues.
