Real money gaming is a growing segment in India, which occupies a unique position in the fortress of online gaming. The real-money gaming industry includes games such as rummy, poker, trivia, fantasy leagues, and much more.

Real money earning games: TRENDS & GROWTH RATE

The real money gaming industry is a 150 billion strong sector. It is expected to grow at a rate of 30%. In less than a decade since its establishment, there are more than 100 companies offering real money games in this sector. Online rummy operators lead the rankings, followed by online poker and fantasy league companies.

All India Gaming Federation’s CEO, Roland Landers revealed that India’s online gaming industry is currently worth around Rs 200 billion. The industry is taking advantage of the steady growth of the Indian gaming industry. The total gaming revenue of Indian online gaming portals is growing steadily at around 30-35%.

Forecasting the growth rate of this segment of the Indian gaming industry, Landers said, “Smartphone gaming is one of the biggest contributors to the online technology-based gaming industry for real money. By 2025, the industry’s gross gaming revenue (GGR) is projected to reach 1 billion Dollars (about 7.1 billion rupees) will be easily reached. Also, the    active monthly player pool in online mode is about 25 million. However, only about 10% of this pool consists of actively paying and investing players.”

According to one growth forecast, the online real money gaming industry can grow 3.5 times in about five years, maintaining a compound annual growth rate (CAGR) of 35%. Among the many factors, the availability of decent hardware along with cheap data are the most obvious ones.

Real money online games include arcade games like the 8ball pool and fantasy sports platforms like Dream11 and Mobile Premier League.

 It is this industry that AIGF seeks to regulate to establish uniform rules and recommendations for all players and operators.  

COVID-19 AND REAL MONEY GAMING (RMG)

Online real money gaming and fantasy sports betting also grew significantly during the COVID-19 pandemic. This is because the traditional gambling sites around the country closed down to limit the spread of the virus. Hence, to meet the gambling needs of most casino players and gamers, real money gaming i.e., online casino games and fantasy sports surged. This crossroads has significantly increased the user base of popular gambling sites. An increase of about 25% has occurred across major online casinos and by over 38% when it comes to playing poker.

Money Earning Gaming & Its Future

There are innumerable opportunities to contribute to this significant growth and expand one’s base through real money gaming. This includes huge marketing costs and a focus on making players feel comfortable in the gaming ecosystem. Currently, the number of users in this sector is growing at a rate of 50% annually. The aspiration and passion for real money gaming is driving many innovations in this sector. In the future, technologies such as virtual reality, augmented reality, and artificial intelligence is ready to shape up these real money games to give gamers a more immersive gaming experience.

Real-money games like online ludo and many other multiplayer games have evolved significantly in uplifting the reach and creating a collective base for the players. For instance, a game of poker was never accepted by the Indian consumers as much as it is now. Today, a large section of youngsters do not mind trying a hand at poker.

Real-money games of skills is one of the emerging sectors of the Indian economy, and it is pointless to have any apprehensions towards it. We Indians have a pretty long history of playing various home games including gambling. Culturally and sentimentally speaking, gambling’s  viewed as a vice in Indian society and branded as unethical or immoral.

In recent years, gambling and gaming are increasingly moving to “online” or “digital” routes, and in many ways, converging with each other. However, there is a serious dilemma associated with the growing “side effects” in gaming and gambling. People cannot distinguish online skill-based games from gambling.

Therefore, they began to use the two terms gaming and gambling interchangeably. This is quite problematic!  Many industry experts say that  real money games of all kinds should be  entirely stopped because they are a bit like online gambling!

Are apples and oranges the same!

In my opinion, comparing skill-based real money gaming with gambling-which requires only luck, is corresponding to pronouncing that apples and oranges are the same! It makes no sense. But why do I say so? First and foremost, in skill-based gaming, the vital aspect that any gamer might need to grasp will be the skills, techniques, and intensity, understanding of the precise sport he/she is playing.

Secondly, the inducement of game enthusiasts regardless of whether he/she is a novice or a pro — is to play a sport or input right into a gaming match for the fun part. The gaming atmosphere prospers on huge passion, engagement, and vibrancy, more than anything else.

A Quick to get rich

To get rich quickly anyone would go for any gambling sites for their need of money or greed. Furthermore, a certain amount of money is required to start gambling, so he/she will deposit it in some cases.

Basically in India wagers on a monetary basis are placed usually on online card games like teen Patti and poker. Therefore, taking part or playing these games which require money does not mean that person is a gambler.

A distinction should be made between a game which requires only “chance” and a game that requires true “skills”-given the present-day situations in India, in some states betting money on a game of chance is considered to be completely illegal. However, in many places or even in the court of law wagers placed on a game of chance is in fact, legal and can be legally defended in the court of law.

A game of “skill” is considered to be determined by how the player plays it by using his or her skills and knowledge and how he put it to use to succeed. Whereas, in a game of “chance” everything depends on the LUCK factor. Winners too are determined randomly whether you are playing via technology or manually.

Conclusion

In real-money games, cash rewards are paid in exchange for a player’s skill rather than from luck. These kinds of games are legal in most countries of the world, even in countries where online gambling is completely banned. We often confuse skilled-based games with games of chance, but for the sake of brevity and simplicity, it’s important to understand the difference between the two, especially if you are new to playing online.

The future of skill-based games is bright. As the world becomes fully mobile, the cash gaming industry is poised to respond by releasing great games for smartphones and tablets that offer the same features as web games a few years ago. As long as the legal field remains stable, people around the world should continue to have access to real-money games for years to come, despite opposition to something like Daily Fantasy Sports.

Nowadays, everyone knows about gambling and gaming. They share a thin line between them. The terms “GAMING” and “GAMBLING” are interchangeable because both of them are very similar activities. The main difference between these two is that gaming requires skills, whereas gambling doesn’t. In other words, we can say that for gaming the outcome that we achieve is due to our skills. Gambling on the other hand, does not require any skills as the only thing it requires is LUCK.

Before moving ahead to the division between gambling and gaming, it is very important to understand that how gambling takes place.

HOW GAMBLING TAKES PLACE IN ONLINE CASINOS.

Nowadays, gambling takes place through web-based platforms which serves as the backbone of online gambling. Hence, the name online casinos. Online casinos are places that resembles traditional offline gambling. The three major things required to have access in online casinos for gambling are: a device (laptop, mobile or a tablet), a stable internet connection, and yes, how can we forget MONEY! Gambling is a combination of money and luck. To get started, the first thing you need to do is sign up or make an account and deposit some money in it. After depositing some money, you get an option to choose any game to place bets on it. From here, starts the process of gambling which takes place in online casinos. Once you win, the money directly gets credited to your account.

SOME DO’S AND DONT’S FOR ONLINE GAMBLING.

Online Casinos have valid licenses for online gambling. However, if it is not there, you should probably look for some other casino. Be careful while giving an open invitation to scammers and hackers out there who are ready to steal your information regarding bank account details, and any other personal details. Always check before playing because in some countries online casinos are illegal, and you will be committing a crime by accessing any of it. Apart from it, gambling also has age requirements. In some countries it is above 18 but in some you should be at least 21 to gamble. Every country has their own laws of online gambling, and it is upto you if you gamble you should always follow proper rules and regulations.

Online Casinos offers innumerable games such as poker, blackjack just like traditional casinos. Some online casinos games are easy to learn and doesn’t require any math in it unlike poker and blackjack. These online casino games are the secret of increasing popularity among the players.

GAMBLING vs GAMING

Gaming and gambling are completely different activities. Gaming like online ludo require skills. Gambling, on the other hand, is purely chance based. You don’t need money to play with friends but gambling requires money. Now, let’s see the difference between gambling and gaming:

• Gambling

It relies mainly on luck and money. Money is invested by the player in order to play the different games.

• Gaming

It requires knowledge in which challenges are imposed by the developers so that gamers can come up with the solutions through their skills.

There are various categories of games which we can play some of them are:

Video games are easy to play and are available in almost every operating system such as Android and iOS You can play directly from your mobile devices with or against any player from all over the world.

At the end, we can conclude that gaming is a fun activity to play and spend time with our loved ones whereas gambling which makes things thrilling and exciting by betting against each other, which results in gaining and losing money.