The revenue earned by India’s online gaming industry exceeded 100 billion Indian rupees in the year 2021. This was estimated to go up to over 153 billion rupees by 2024. Transaction-based games such as rummy and fantasy sports were the key contributors to the revenue raised that year.
A rapid penetration and affordability of smartphones, along with cheap mobile data have led to mobile phones being the most preferred device for gaming. The value of the mobile gaming market in India was projected to reach about 405 million U.S. dollars by the year 2022. This marked a significant increase in the sector's market value from about 266 million dollars in 2016.
Revenue earnings of the online gaming segment in India from 2017 to 2021, with estimates until 2024
(in billion Indian rupees)
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EY. (March 21, 2022). Revenue earnings of the online gaming segment in India from 2017 to 2021, with estimates until 2024 (in billion Indian rupees) [Graph]. In Statista. Retrieved August 11, 2022, from https://www.statista.com/statistics/235850/india-online-gaming-industry-revenue/
EY. "Revenue earnings of the online gaming segment in India from 2017 to 2021, with estimates until 2024 (in billion Indian rupees)." Chart. March 21, 2022. Statista. Accessed August 11, 2022. https://www.statista.com/statistics/235850/india-online-gaming-industry-revenue/
EY. (2022). Revenue earnings of the online gaming segment in India from 2017 to 2021, with estimates until 2024 (in billion Indian rupees). Statista. Statista Inc.. Accessed: August 11, 2022. https://www.statista.com/statistics/235850/india-online-gaming-industry-revenue/
EY. "Revenue Earnings of The Online Gaming Segment in India from 2017 to 2021, with Estimates until 2024 (in Billion Indian Rupees)." Statista, Statista Inc., 21 Mar 2022, https://www.statista.com/statistics/235850/india-online-gaming-industry-revenue/
EY, Revenue earnings of the online gaming segment in India from 2017 to 2021, with estimates until 2024 (in billion Indian rupees) Statista, https://www.statista.com/statistics/235850/india-online-gaming-industry-revenue/ (last visited August 11, 2022)