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Online real-money gaming stares at a squeeze: Report
![IndiaTimes]()
Thursday, 2 November 2023
The online real-money gaming (RMG) industry in India is expected to decline after the government imposed a 28% tax on the industry's revenues. However, a report by Lumikai and Google predicts that the industry will still grow at a CAGR of 20% between FY23 and FY28, reaching revenues of $7.5 billion. The growth will mainly come from in-app purchases and ad revenues, as the RMG category is expected to remain muted due to heavy tax liabilities and industry consolidation.
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