The online gaming sector in India is expected to grow by over two-fold to USD 9.1 billion by 2029, largely dominated by real money games, a joint report by real money gaming platform WinZO Games and IEIC said on Wednesday.
The report, released at the Game Developers Conference (GDC) in San Francisco, said India's online gaming market revenue was USD 3.7 billion in 2024, with the real money gaming segment accounting for around 86 per cent market share.
"The online gaming industry in India is on an unprecedented growth path, backed by a projected market size of USD 9.1 billion by 2029 and the potential to unlock up to USD 63 billion in investor value by 2029. As we continue to push boundaries in technology innovation, IP creation, and engagement, WinZO remains committed to shaping India into a global gaming powerhouse," WinZO co-founder Paavan Nanda said.
According to the data shared in the report, India is home to 591 million gamers -- about 20 per cent of the total global gamers, ..