10 Essential Strategies To Gamer Websites
The online gaming market is booming with technology. Quite simply, fantasy sports and online games are not only for LOL news entertainment purposes. Online games are platforms to show your skillset and use your knowledge to win exciting rewards. Considering that the launch of the first video game in 1950, the online game has never stopped growing.
In the year 2020, the worldwide gaming market was approximately $62 million. As per the statistics, the business will be worth $300 billion by 2026. Mobile gaming makes almost 50% of the share market and generates revenue worth $80 billion. Online gaming will be the family of streamliners, developers, publishers, gaming arenas, coaches, and 2.5 billion users across the world.
The start-ups of online gaming have grown in India, in the last number of years and attracted huge funding from both domestic and foreign investors of more than $ 1 million. The shares of gaming platforms are split between the united states and China equally 24 % each, in the Asia-Pacific excluding China is 23%, South America has 4%, Canada has 2% and lastly, Europe, Africa, and also the Middle East holds 23 % of shares.
Despite such huge success and also a big user base, the Indian government just isn't taking into consideration the online game legal. In a variety of states of India, playing fantasy-sports is not allowed and is regarded as gambling. Pandemic has just doubled the growth of the online games and fantasy sports industry in India in terms of both fantasy-sports app development & fantasy sports app platforms.
Government should look at online gaming with the open mind and understand it in-depth, instead of considering all online games, gambling. Government can target betting and gambling but should spare fantasy-sports. On the contrary, fantasy-sports will certainly assist the federal government to generate huge revenue and raise the economy of the country.