10 Feb, 2025
What’s Next for India’s Real Money Gaming Industry?
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What’s Next for India’s Real Money Gaming Industry?

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Real Money Games (RMG) have become a very popular form of entertainment in India, giving players the opportunity to win real cash prizes. Niko Partners classifies RMG platforms as a separate category from traditional video games, given their reliance on user deposits and ties to gambling.

However, investments in Indian RMG platforms have dwindled due to changes in tax laws and retrospective claims from tax agencies. While these new regulations may have an impact on company revenues, analysis of their impact on monetization and player spending is limited. In this Knowledge Brief, we examine how these changes are impacting monetization, spending patterns and their impact on the broader RMG industry in the Indian market.

Niko Knowledge Briefs are short, timely topical reports written by Niko senior analysts using Niko’s proprietary data on Asia and MENA. Based on Niko’s data and insights, we write and publish a new Knowledge Brief every two weeks. These short-form reports empower companies to access Niko’s high-integrity data, insights and research in a highly concise format. Download the Knowledge Summary you are interested in here. If you are self-employed, a journalist, or an academic, please contact us to obtain a single-user license for the Knowledge Summaries you want, for $49 each.

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