The Rise of Fantasy Sports and Online Games

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    The market for online gaming is expanding with the advancement of technological advancements. Today you can play fantasy sports online and games aren’t just to be played for entertainment. Online games allow you to test your abilities and make use of your expertise to win thrilling prizes. Since the introduction of the very first game on video in the year 1950, the popularity of online games hasn’t declined in popularity.

    Online Gaming Business Across the World

    In the year 2021, the gaming market in the world was about $62 million. According to the data, the market will reach $300 billion in 2026. Mobile gaming is responsible for more than 50 percent of the share market and earns revenues of 80 billion dollars. Gaming online is the home of developers, streamliners gamers, publishers coaches, and 2.5 billion players around the globe.

    The gaming companies that are starting up online have been growing in India over the past few years, and have attracted massive capital from both domestic as well as foreign investors, which is more than $1 million. Gaming platforms’ shares are divided between the US and China equally at 24 percent each. In the Asia-Pacific with the exception of China is 23 percent, Latin America has 4 percent, Canada has 2%, and finally, Europe, Africa, and the Middle East holds 23 % of shares.

    Despite such huge popularity and a huge number of players, The Indian government isn’t considering the game as legal. In various states in India, it is illegal to play fantasy sports. is not permitted and considered to be gambling. Pandemic has boosted the growth of the online games and the fantasy sports industry in India with regard to both the development of fantasy sports apps and apps for fantasy sports.

    The government must look at gaming on the internet with an open-minded mind and fully understand the game instead of focusing on gambling and games on the internet in general. The government can focus on gambling and betting but not focus on fantasy sports. But, fantasy sports could aid the government in generating enormous revenue and improve the nation’s economy.

    Types of Online Gaming

    Fantasy Sports

    The most well-known gaming platforms for fans of sports. Fantasy online is totally different from other forms of gaming. The player builds their own team online with real players who play on the field. The performance of the player is completely dependent on the player as well as real-world stats for the sport.

    IPL is one of the loved formats for Fantasy Sports in India. Apart from being a part of the sport, a lot of people keep track of the live scores and matches on Fantasy Sports platforms. This isn’t just a chance game, it requires skills and knowledge of the game in order to play and earn prizes. «NITI Aayog» has released guidelines for players to play fantasy sports. Fantasy sports players can play at no cost and with real money.

    The industry of fantasy sports is growing, and the player base is growing rapidly. Because of the use of money and a few instances of the fantasy platform the government has classified it as a gambling platform and hasn’t considered it legal on a central level. The fantasy websites adhere to all rules set by the Advertising Standards Council of India.

    The government has requested states to release guidelines for playing fantasy sports.

    The base of users and revenue

    The earnings from fantasy sports in 2020 will be around 2470 crore. 10 crore people are involved in games of chance in India and more than 80 million viewers watch the sport and also choose nickname tamil for online purposes.

    Online Rummy

    Rummy is a popular online card game that has an extensive player base. Rummy can be described as a sport that requires mastery; it requires memorizing the discarding card as well as the ability to estimate the chance of winning. The player must be a keen observer, and every aspect of his or her game depends on the unrestricted cards. It is played for no cost or with money. The outcome and the loss of the game are determined by the player.

    The base of users and revenue

    According to reports from 2019, the online rummy market was worth $335 million on the Indian market and is expected to increase to $1.4 by 2024.

    The user is responsible for the game’s outcome. in the event of winning or losing the game.

    Electronic Sports

    It’s often referred to as esports, which is a sport that relies on skill. ESports are played as video games and can be played offline and online modes. There are many tournaments that take place in eSports. Many electronic forms live broadcasts of sports such as football, cricket, and many more.

    Revenue and User base

    2021 in 2021, the US world market for Esports is projected to reach $1.08 million. North America and Asia are the top gamers of games in the esports industry. The entire market for esports is derived through sponsorships and advertisements. There are 474 gamers who play esports around the world in 2021. The numbers will increase to 577 million by 2024.

    Esports was recognized as a sport that is recognized by both the Olympic Council of Asia and the International Olympic Committee when India was awarded a gold medal at the Asian Games 2018.

    Online Poker

    Online Poker is the online version of the offline game which requires skill as well as luck. Players can play using real money. The players call and raise real bets, which require the use of money. Because of the use in betting and money, this is thought to be illegal as well as gambling.

    Users base as well as Revenue

    The industry of poker is growing in India at a pace of 35% to 40% each year. As of today, India boasts 3 million regular players of poker online.

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