Mumbai: India's gaming sector is witnessing explosive growth, with over 500 million individual gamers and a rapidly expanding community of gaming enthusiasts across India. The gaming industry in India is expected to become a $5 billion industry by 2025. According to statista.com, India recorded about 421 million online gamers in 2022, and this number is projected to exceed 442 million by 2023. Approximately 90 million of these gamers reportedly paid for online games in 2022. The potential for online gaming and esports is huge in India. According to a recent report by Redseer, the gross revenue for fantasy sports platforms during IPL 2023 was Rs 2800 crores, which is a case in point.

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