Ek 16 saal ke ladke ne apni maa ke account se 36 lakh kharch kiye ek mobile game par! 😱 RMG ka sach kya hai—gaming ya gambling? 🎮📉 Is industry ka future aur challenges dekho ab! Watch full story on Nazar Ya! YouTube Channel.
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00:00In Hyderabad, a 16-year-old boy lost Rs. 36 lakh from his mother's account on an online
00:19mobile game, Free Fire.
00:21He spent all the money on virtual clothes to impress his friends.
00:26These incidents are common all over the world, for example, a 13-year-old girl spent Rs. 52
00:32lakh on a mobile game in China.
00:33Today, in Undekha Nazariya, we will explore the unseen world of real money gaming, which
00:39can reach a revenue of Rs. 7.5 billion by 2028.
00:44Real money gaming is a business model where players invest real money in games and try
00:50to earn more than that.
00:52The platforms that host these games take some commission from each game.
00:57Compared to traditional gaming, which is often dependent on advertising revenue, RNG is more
01:02stable.
01:03But it is often confused with gambling.
01:06RNG supporters say that this is a game of skill, which requires strategy and skill.
01:12Like sports or work tasks, where players try to win by using their abilities.
01:18This separates RNG from pure luck-based gaming.
01:22Online gaming is a little infamous, but horse race betting is considered skill-based and
01:27reputable.
01:28According to India's amended IT rules 2021, fantasy sports like RNG have been clubbed
01:34with regular video games, which brings regulatory and reputational challenges.
01:39RNG companies often use terms like esports and video games to legitimize themselves,
01:45which influences reports and search results and keeps both in the broader gaming category.
01:51Although it is one of India's fastest-growing sectors, some states have banned real money
01:57games.
01:58In India, the legality of RNG is quite complex and different according to the state.
02:03In general, online games of chance are prohibited, whereas games of skill may be allowed.
02:10Gaming platforms like Dream11 achieved the status of a unicorn with a valuation of $1
02:15billion in 2019.
02:17In August 2023, the GST Council imposed a 28% top GST slab on clear deposits, whether
02:23the game is skill-based or chance-based.
02:26According to previous tax rates, RNG platforms had to pay 18% GST on their platform fees,
02:32which was called gross gaming revenue.
02:35With the new tax structure, the company's tax obligations have increased a lot, which
02:41has reached 350% to 400%.
02:44This financial strain has become a major reason for layoffs, and many startups have shut down
02:49this year.
02:50But this new tax regime has also boosted GST collections a lot, which has reached 6,909
02:56crores in just 6 months, which is an increase of 421%.
03:02During the pandemic, when many sectors were in a slowdown, online gaming had increased.
03:07Online gaming saw unprecedented growth when people started using it as escapism.
03:13Mobile game downloads have increased a lot in India.
03:16RNG is now 83 to 84% of Indian online gaming industry revenue.
03:20The most popular games in the lockdown were Ludo, Rummy and Poker.
03:24I also played Among Us with my friends every day.
03:32Today, there are about 100 million online gamers in the RNG space, 90% of whom pay and
03:39game on an average of 8.5 hours.
03:42These statistics show the dominance of RNG.
03:45And projections say that the overall gaming industry can grow by 20% by 2025, which will
03:52reach a revenue of 231 billion rupees.
03:55RNG's popularity is not limited to urban areas.
03:5994% Indian gamers like mobile gaming.
04:02And reports also say that 60% smartphone gamers play daily.
04:0790% real money gamers play at least once a week.
04:12And 43% real money gamers live outside the metro cities.
04:16India's gaming community is the largest in the world, which has 568 million gamers,
04:21which has downloaded 9.5 billion games in 2023.
04:26Of these, 144 million gamers are connected to real money gaming.
04:29And projections say that by 2028, the gaming community can reach up to 916 million, which
04:35will engage 240 million real money gamers.
04:38Despite this, India's gaming industry is facing some challenges.
04:43With 433 million gamers, India's average revenue per user was the lowest in the world
04:49in the fiscal year 2021.
04:51In Indonesia, where there are 120 million gamers, it was $10-20 in December.
04:57Whereas in markets like China and the US, their ARPO is between $60-70 or $200-$220.
05:05In the end, real money gaming is a rapidly growing sector in India, which brings not
05:10only economic potential, but also societal and regulatory challenges.
05:14Did you start online gaming during the pandemic?
05:17And do you still play PUBG?
05:19Let us know in the comments.
05:20Like this video and subscribe to our channel.
05:23See you in the next video.