Online gaming grew 28% to reach approximately US$1.3 billion in India in 2021, compared to US$906 million in 2019. Industry is hopeful of growth in revenues as well as jobs
April 29: With the pandemic restricting social interactions and other activities, many Indians looked to gaming to fulfil their needs for connecting, entertainment, earning and competing with others. www.Sky247.com offers a variety of casinos games like roulette games and slots. There is also an option to play on live dealer tables, which gives users a real-time experience of a casino game. The virtual version is although much quicker and allows users to play more hands. As compared to other casinos which have only blackjack and roulette, Sky247 has additional options that are more thrilling for online gaming enthusiasts.
We can say without any second thoughts that Sky247 is one of the best online gaming platforms that have come up in recent times. Furthermore, they have also added secure payment options like UPI and net banking which offers the ease of depositing and withdrawals at the click of a button. It has come up to gain credibility in the shortest possible time and has become a trustworthy and reputed online gaming website.
www.sky247.com has made it to the top list of online gaming platforms which specialises in sportsbook and casino-based games. It was created by a group of gaming enthusiasts who were passionate about sports and gaming. It is the online trading entity established in 2016 under its flagship company Sky Infotech Ltd., led by its managing director Ian Michael Viner. Sky247 comes as a boon for cricket lovers as it has multiple submarkets and gaming options for nearly every available cricket league in the world.
A user has shared his story with Sky247 that he is a classic example of a gig worker, with multiple streams of income. One of them is gaming now. Just a few years ago, he might have been accused of “wasting time” or asked to get “a real job”, but post the Covid-19 pandemic, perceptions about gaming are changing in India, and the industry’s prospects are looking brighter than ever.
In 2021, the online gaming segment in India grew 28 per cent to reach Rs 101 billion or 10,100 crore (approximately US$1.3 billion), according to a report published in March 2022 by EY, a global professional services company, and the Federation of Indian Chambers of Commerce & Industry (FICCI).
The transformation is such that the gaming industry is staring at a boost to over US$2 billion in 2023 from US$906 million in 2019, according to another forecast by the All-India Gaming Federation (AIGF) and EY.
From entertainment to earning
Many players in India are viewing gaming not just as an avenue for entertainment and connection, but also as a way of earning during economic uncertainty.
The future of gaming in India
India is currently the fourth-largest online gaming market worldwide, according to the AIGF-EY report, and, with cheaper access to devices and games, it is only expected to grow.
The industry currently employs over 40,000 people in direct jobs and by 2024 the online skill gaming industry is expected to employ around 2 lakh people. It will be bringing in massive employment, through direct and indirect jobs.
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