India's real-money gaming industry awaits regulatory clarity from new govt

With the National Democratic Alliance (NDA) set to govern for a third term, India's real-money gaming (RMG) industry anticipates regulatory clarity. RMG, a significant revenue generator in the gaming sector, awaits outcomes of court rulings on GST, state-level bans, and regulatory roles. The industry seeks relief from the 28 percent GST, which led to layoffs and closures. \r

Despite earlier promises, the GST council is yet to review rates. \r

Additionally, retrospective tax notices compound challenges, with firms like Dream Sports facing alleged evasion claims. Pending petitions in the Supreme Court await resolution. Amidst this, the new government must craft a robust regulatory framework, having scrapped plans for self-regulation. \r

Prime Minister Modi's focus on global gaming leadership underscores the sector's potential, projected to reach $7.5 billion by FY28.