What is real money gaming? How is its future in India?

Real money gaming means real cash-providing games that can be earned by playing a game and or by advertising and promoting it. Several platforms offer real money earning games. You just have to play the game, win points, or win over your rival, and you will win the prize money assigned to it. Sometimes the currency is in the form of virtual tokens, which can be encashed.

The real money earning games skyrocketed, especially during lockdown when most Indian youngsters leaned towards them to pass their time. As per an All-India Gaming Federation EY Report, the Indian online gaming sector is one of the fastest-growing sectors globally and is estimated to pass $2 billion by 2023.

So, what is its future?

With the launch of affordable smartphones in the market and good internet data pack availability, online gaming is not limited to just the high-class people. Mobile gaming in India accounts for 90% of the market share, with more than 3 billion downloads. The Indian gaming market presently generates $1.5 billion in revenue, which is expected to reach over $5 billion by 2025.

Skill-based gaming

Now the game developers are focusing on launching skill-based games. In the coming future, online gaming will no longer be based on random games but on games that involve strategies, planning, and knowledge. Some renowned skill-based games are fantasy sports, rummy, and racing, which have reduced the role of luck and have transformed gaming into a major entertainment stream.

Innovative technology and payment alternatives

While gamers are pushing the boundaries consistently, developers continue to use new technologies and advanced techniques to enhance their gaming experience. Online gaming experiences come with video chat for Indian gamers to interact with their fellow gamers. With the launch of 5G data, the momentum of gaming has increased. With the advent of Virtual Reality and Augmented Reality, the gaming experience will go to another level. 5G wireless technology and cloud gaming have paved the way for the new online gaming experience. The launch of HTML5 games allows players to avoid downloading and installing the game. You can play them in your browser. The online payment modes have eased withdrawals. So, as soon as the player wins the game, they can conveniently withdraw their earnings through safe payment gateways. 

In the coming years, gaming companies in India will create more non-conventional opportunities that are tech-oriented to offer gaming as a career option.

Heavy money involvement

With the rapid growth of real money earning games in India, and given the Indian population size, it can be said that soon it will have a lot of investors. With investors continuing to back the sector, local companies will enhance their operations and cater to markets in the coming years. 

Though presently, the industry doesn’t have a structured regulatory framework, in the coming years it will surely have a robust regulatory environment to help businesses prosper. Once you have specific and clear policies, the industry will develop to its true potential.