GST on online gaming resulted in 412% more revenue in six months, netted ₹6,909 crore, says Finance Minister Sitharaman

Finance Minister Nirmala Sitharaman announced a significant increase in revenue from online gaming, with a 412 percent jump to ₹6,909 crore in six months. This follows the implementation of a 28 percent GST on both skill-based and chance-based online games starting October 1, 2023. Casinos also saw a 30 percent revenue increase. India has 442 million gamers, making it the second largest market globally, with the industry expected to grow significantly.