Centre Faces Annual Revenue Loss of ₹10,000–₹12,000 Crore Following Ban on Real Money Gaming
The Indian government is projected to lose an estimated ₹10,000 to ₹12,000 crore in annual revenue due to the recent clampdown on real money gaming platforms, according to industry estimates and tax experts.
This setback comes after many state-level restrictions and legal fights. These issues are about how to classify and tax online real money games, like fantasy sports, poker, and rummy. These platforms let users bet real money on skill-based games. They have become a big source of Goods and Services Tax (GST) revenue in recent years.