Majority Of People Think Online Gaming Involves Betting, Gambling: Survey

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A majority of people view fantasy sports as online gaming that involves wagering, betting and gambling, a survey by online platform LocalCircles said on Monday.    The survey on online gaming conducted by LocalCircles found that 91 per cent of the respondents want a ban on pesky SMSes that promote online and fantasy games.     "While the Supreme Court has upheld its position and the position of the Punjab High Court in 2017 and ruled that fantasy sports are a game of skill, the public view continues to differ," the report said.     In response to a question on "should online fantasy sports be considered as online gaming that involves wagering, betting and gambling", nearly 2 out of 3 respondents chose "yes", 14 per cent stated 'no' and the remaining 21 per cent gave no clear response.     "In effect, for 65 per cent, out of 9,507 respondents, online fantasy sports is akin to gambling, wagering or a game of chance with risks in contrast to the position of the Supreme Court," the report said.     LocalCircles said that the nationwide survey received over 33,000 responses from citizens located in 322 districts of India while the number of responses varied from question to question.    Around 68 per cent of respondents were men while 38 per cent were women.     Around 91 per cent of 11,994 respondents want the spam messages sent by the "fantasy game platforms asking them to create a team for a fee and win money with no warnings" should be banned completely.    Around 54 per cent of 12,602 respondents said that there should be a limit on loss in the range of Rs 50-500 per game for online and fantasy gaming "if the state governments fail to ban them".     The survey was conducted between June 1-November 15, LocalCircles said.     A KPMG report has projected that the number of India's online gamers is expected to jump from 43.3 crore in FY21 to 65.7 crore by FY25. The revenue of the online gaming industry stood at Rs 13,600 crore to which casual gamers contributed Rs 6,020 crore in FY21.     

The revenue level of the Indian online gaming industry is expected to increase to Rs 29,000 crore with casual gamers contributing Rs 16,900 crore by FY25, according to KPMG. 

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A majority of people view fantasy #sports as #onlinegaming that involves wagering, #betting and #gambling, a survey by online platform LocalCircles said on Monday. READ MORE HERE:

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#InTheSpotlightFGN - Survey finds 65% of Indians view fantasy sports as #gambling The survey also revealed opinions on loss limits for fantasy sports.

#InTheSpotlightFGN - Survey finds 65% of Indians view fantasy sports as #gambling

The survey also revealed opinions on loss limits for fantasy sports.
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The show-cause notice also revives questions on the taxation of Indian online gaming companies. READ MORE HERE: