#Uttar Pradesh

iGaming Business

Study reveals reliability challenges for online gamblers in India

The findings were published in a new study by Ken Research into online gambling consumer behaviour in the country. The study, entitled'Consumer Behavior Analysis for Online Gambling Industry in India', outlined several reliability issues. Primarily, for over 25% of online gambling participants, 'challenges' included various potential risks. These…

Industry ・ 02 January 2024

European Gaming

Revealing Casino Data: Which States Gamble Online the Most

With its massive population, growing economy, and increasing internet penetration, India stands out as one of the most promising and exciting markets for casino operators in the whole world But which states are leading the charge in this burgeoning industry? A recently published extensive research by the SevenJackpots Casino Website based on…

Industry ・ 15 September 2023

tradebrains.in

The Most Popular Online Casino Games of Indian States Revealed

Residents of Karnataka love online roulette for real money and especially the electrifying Lightning Roulette by Evolution, while Delhi citizens love their slot games, shifting their preference from one popular title to the next big hit. The insights are shared by the SevenJackpots online casino comparison platform in their research paper on…

Games ・ 21 August 2023

Dazeinfo

Indian Online Gaming Market in Doldrums: 28% GST Could Be Disasterous

The latest announcement of a tax increase by the GST council on the online real money gaming industry has sent shockwaves through businesses like Dream11, MPL, Crickpe, Games24x7, and players in the industry. In fact, the move has apparently jeopardised their future growth plans and their existence. The GST council, led by the formidable Union…

Industry ・ 12 July 2023

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

The India Saga

Which Indian States Play Online Casino the Most?

In India, gambling has been a popular pastime throughout history. However, land-based casinos have declined in popularity and are no longer as important in today's digital economy. On the contrary, online gambling provides convenient access to a large database of real money games. The expansion of gaming platforms has led to an expansion of the…

Industry ・ 25 March 2023

CNBC TV 18

Gst Gom Report On Online Gaming, Casinos, Race Courses Finds No Consensus, Say Officials

The much awaited GST Council nominated Group of Ministers (GoM) report on taxation of online gaming, casinos and race courses was submitted by convener-Meghalaya Chief Minister Conrad Sangma to union Finance Minister Nirmala Sitharaman on Thursday. Sangma, after presenting the report said that the GoM could not arrive at a consensus and has…

Law ・ 27 December 2022

The Indian Express

GST on online gaming, casinos, racing: issues in the debate

The final call about the valuation mechanism, however, will be taken by the GST Council as the GoM members have differed on whether it should be levied on the platform fee or the entire amount paid by the participants. The panel, which met on Tuesday (November 22), is likely to fall back on the initial report presented before the GST Council in…

Industry ・ 18 December 2022

Brand Equity

Explained: Tamil Nadu's New Law On Ban Of 'Games Of Chance' And Gambling

The Tamil Nadu government has stated that although only internet gambling has been outlawed in the state, no comprehensive ban on online games has been proposed. They are now asking Governor R. N. Ravi to sign a bill that will outlaw online gambling and govern online games with in state. S. Raghupathy, the state's law minister, noted that no…

Law ・ 18 December 2022

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The Quint

What Does India's Law Say About Online Gaming and Online Gambling?

On 16 November, the Madras High Court withdrew a batch of petitions challenging a Tamil Nadu state ordinance that bans online gaming and online gambling, after the state government said that the ordinance had not come into effect yet. Even as this happens, a central government-appointed task force has recommended a new nationwide legislation to…

Industry ・ 17 November 2022

Outlook

GST Council Meeting Delayed As States’ Ministers Undecided On Tax Formula On Casinos, Horse Racing And Online Games

The Goods and Services Tax (GST) Council meeting that was scheduled to be held in August this year has been delayed as the group of ministers' (GoM's) report for levying of GST on online gaming, horse racing, and casinos is yet to decide on whether to classify such games as games of skill or games of chance, a senior state government official told…

Finance ・ 04 October 2022

Financial Express

Bengal, UP back 28% GST on full value for online gaming

West Bengal and Uttar Pradesh on Monday supported goods and services tax (GST) on online gaming, horse racing and casinos at a uniform rate of 28% on the full value of the consideration, without making a distinction between games of skill or chance, even as the group of ministers (GoM) on the matter sought legal advice. The GoM will take legal…

Industry ・ 06 September 2022

Business Standard

GoM on casinos, online gaming taxation may finalise report in 7-10 days

A panel of state finance ministers on taxation of casinos and on Monday met and decided to seek legal opinion on valuation criteria for all these segments. The Group of Ministers (GoM) headed by Meghalaya chief minister Conrad Sangma said, "After taking the opinion of stakeholders and after successive meetings to seek the suggestions of all…

Finance ・ 05 September 2022

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The Free Press Journal

Goa: Panaji police bust online gambling racket, eight arrested

The Panaji police on Friday arrested eight persons for online gambling and seized articles worth Rs 2.40 lakh from their possession. Details shared with the media state that the gamblers hailing from Chhattisgarh, Maharashtra, Madhya Pradesh, and Uttar Pradesh had hired a penthouse to carry out the illegal activity on a larger scale. Karan Chawani,…

Incidents ・ 27 August 2022

The Goan Everyday

The Goan EveryDay: Panaji police bust online gambling racket, 8 arrested

The Panaji police on Friday arrested eight persons for online gambling and seized articles worth Rs 2.40 lakh from their possession. Details shared with the media state that the gamblers hailing from Chhattisgarh, Maharashtra, Madhya Pradesh, and Uttar Pradesh had hired a penthouse to carry out the illegal activity on a larger scale. Karan Chawani,…

Incidents ・ 26 August 2022

Brand Equity

online gaming: GoM on casinos, online gaming, horse racing to submit report to FM Nirmala in a day or two: Sources

ministers on taxation of casinos and online gaming is likely to submit its report to Finance Minister Nirmala Sitharaman in a day or two, government sources said on Thursday. The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (GoM), the sources added. The GoM, under…

Industry ・ 11 August 2022

Business Standard

GoM on casinos, online gaming to submit report to FM in 1-2 days: Report

A panel of state finance ministers on taxation of casinos and online gaming is likely to submit its report to Finance Minister Nirmala Sitharaman in a day or two, government sources said on Thursday. The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (GoM), the sources…

Industry ・ 11 August 2022

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Mint

GST on online gaming, casinos? Here's what is on proposal

A panel of states' finance ministers is likely to submit their report on taxation of casinos and online gaming to FM Nirmala Sitharaman in a day or two, as per a report by PTI news agency. At present, the current rate of GST on this sector of the online skill gaming industry is 18% on the Gross Gaming Revenue (GGR) and 0% on Contest Entry Fee…

Industry ・ 11 August 2022

Sakshi Post

28 Pc GST On Online Gaming, Casinos And Horse Racing

It is reported that the finance ministers of Goa, Uttar Pradesh, Gujarat, Tamil Nadu, Maharashtra, and revenue officials of Telangana will finalize the imposition of GST on online gaming, casinos, and horse racing. The GST council has been mulling increasing the tax on online gaming to 28 percent. The GST Council has given the Group of Ministers…

Industry ・ 18 July 2022

Business Standard

GST: GoM to finalise report on casinos, online gaming by Aug 10

The state finance ministers' panel looking to bring online gaming and casinos under GST failed to reach a consensus on Tuesday and decided to finalise its report by August 10. Officials said the Group of Ministers (GoM) held a virtual meeting on Tuesday and discussed various methods of taxation of casinos, horse racing and online gaming. The panel…

Industry ・ 12 July 2022

Mint

GST on online gaming, casinos: Group of Ministers to finalise report by 10 Aug

The Group of Ministers (GoM) will finalise its report on taxing casinos, online gaming and horse racing by 10 August. In a virtual meeting held on Tuesday, the GoM discussed various methods of taxation of casinos, horse racing and online gaming. According to reports, the state finance ministers' panel looking to bring online gaming and casinos…

Industry ・ 12 July 2022

Devdiscourse

GST: Group of Ministers to finalise report on casinos, online gaming by Aug 10

The state finance ministers' panel looking to bring online gaming and casinos under GST failed to reach a consensus on Tuesday and decided to finalise its report by August 10. Officials said the Group of Ministers (GoM) held a virtual meeting on Tuesday and discussed various methods of taxation of casinos, horse racing and online gaming. The panel…

Industry ・ 12 July 2022

CNBC TV 18

West Bengal Pushes For 28% Gst To Discourage Online Gaming And Casinos A Day Before Panel Meets

West Bengal finance minister Chandrima Bhattacharya has told Network18 that the state would advocate a 28 percent goods and services tax (GST) charge to discourage online gaming, casinos, and horse racing. This comes after Goa objected to an earlier recommendation and said that casinos needed to be treated differently.The Group of Ministers (GoM)…

Industry ・ 11 July 2022

Financial Express

GST GoM on casinos and online gaming to meet on Tuesday: UP minister

The ministerial panel on casino, race course and online gaming will meet on Tuesday to finalise its report on taxing these activities, ahead of the Goods and Services Tax (GST) Council meeting in the first week of August, Uttar Pradesh finance minister Suresh Kumar Khanna said on Friday while speaking at an industry body Ficci event here. The…

Industry ・ 09 July 2022

Brand Equity

gst on online gaming: GoM on GST levy on casinos, online gaming to meet on July 12

The Group of Ministers (GoM) on casinos, online gaming and horse racing will meet on Tuesday to finalise its report on modalities taxing these activities that are akin to gambling. The GST Council, comprising the Centre and state finance ministers, had referred back the report to the GoM for further discussion and set a deadline of July 15 for the…

Industry ・ 09 July 2022

Financial Express

GoM on GST levy on casinos, online gaming to meet on July 12

The Group of Ministers on casinos, online gaming and horse racing will meet on Tuesday to finalise its report on modalities taxing these activities that are akin to gambling. The GST Council, comprising the Centre and state finance ministers, had referred back the report to the Group of Ministers (GoM) for further discussion and set a deadline of…

Industry ・ 08 July 2022

BW Businessworld

GoM On GST For Casinos Online Gaming Horse Racing To Meet On July 12

Uttar Pradesh finance minister, Suresh Kumar Khanna, who is also a member of the Group of Ministers (GoM) formed to advice the government on GST for online gaming, casinos, and horse racing, while addressing a conference by Federation of Indian Chambers of Commerce & Industry (FICCI), said the panel will meet again on July 12. The meeting will…

Industry ・ 08 July 2022

Mint

Decision on GST levy on casinos and online gaming on July 12

The Group of Ministers on casinos, online gaming and horse racing will meet on July 12 to finalise its report on modalities taxing these activities that are akin to gambling. The GST Council, comprising the Centre and state finance ministers, had referred back the report to the Group of Ministers (GoM) for further discussion and set a deadline of…

Industry ・ 08 July 2022

Hindustan Times

Casinos, online gaming, horse racing likely to pay 28 per cent GST: Report

The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…

Industry ・ 27 June 2022

Daily Excelsior

28 pc GST likely on Casinos, Online gaming

NEW DELHI, June 26: The GST Council in its meeting this week is likely to vet a proposal of the panel of State Finance ministers on levying 28 per cent GST on Online gaming, casinos and horse racing, sources said.The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full…

Industry ・ 26 June 2022

Business Standard

28% GST likely on casinos, online gaming and horse racing: Report

The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…

Industry ・ 26 June 2022

Zee News

28% GST likely on casinos, online gaming, horse races on gross revenue: Report

New Delhi: The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…

Finance ・ 26 June 2022

Business Standard

GoM calls for 28% GST on online gaming, casinos; tax likely on face value

An empowered group of ministers (GoM) - set up to look into taxation of online gaming, casinos and races - has unanimously proposed a flat 28 per cent goods and services tax (GST) on these activities. The panel of ministers, which met on Wednesday, also decided that the tax will be levied on the entire "face value" or "bet amount" and not on the…

Finance ・ 19 May 2022

Sportzwiki

Offshore Gambling and Betting Platforms Are Often Strictly Regulated and Responsible Businesses

Negative Perceptions in Media are Usually Misdirected Offshore gambling and betting websites are often subjected to negative perceptions in the media with claims that such platforms " channel black money, engage in illicit transactions and launder wealth through financial intermediaries." This is undoubtedly true for some shady operators that make…

Law ・ 30 March 2022

The Hindu BusinessLine

GoM on GST for casinos, race course and online gaming reconstituted

New Delhi, February 13|Updated on:Feb 13, 2022 The Finance Ministry has reconstituted the Group of Ministers to look into GST-related matters related to casinos, race course and online gaming. However, there is no change in Terms of Reference (ToR) Now, Meghalaya CM K Sangama will be convenor, replacing Nitin Patel, who was dropped from the…

Industry ・ 13 February 2022

The News Minute

Online Casino Is Booming, Data Reveals Which Indian States Gamble The Most

Statisticians found that India's online gambling demographics are diverse, with just six major cities making up for two-thirds of all internet betting. As India's central government struggles to decide on gambling laws in the country, recent research by media companies shows that this is one of the largest unregulated gambling markets in the world,…

Law ・ 24 January 2022

News18

India Needs Better Regulation to Differentiate Online Gaming from Online Gambling

China, South Korea and Japan are among the many countries that have enacted strict laws to protect minors from video game addiction, writes Shashidhar KJ. (Photo: Reuters) Beijing has enacted new laws to curb video game addiction amongst minors in China and now gamers under the age of 18 will be banned from playing games from 10 pm to 8 am. Gamers…

Law ・ 16 October 2021

Kashmir Life

Study Reveals the Top Smartphone Brands Used for Online Casino Games in India

A fresh online market study explores the types and brands of mobile devices that Indians use to play games. As both real-money and social gaming online become part of daily pastime, desi users are shown to stick to affordable brands they know and trust. The research piece, published by affiliate marketing experts ENV Media, takes a closer look into…

Mobile ・ 23 August 2021

Lexology

Are you skilled enough to take a chance? A legal and regulatory analysis of gambling laws in India

Digital entertainment and online gaming platforms have assumed unprecedented user and subscription base over the last few years and the pandemic has further provided the timely thrust that such businesses needed in a long time. In this article we will briefly walk you through the basic legal aspects prevalent in India that govern the business of…

Law ・ 07 July 2021

India Education

Aditya Bhushan, Indian executive takes on role as NetEnt’s new CTO

Indian executive Aditya Bhushan has taken over the chief technology officer (CTO) role at NetEnt following the departure of Tobias Palmborg last September 4. Bhushan was formerly the director of the game platform as well as the managing director of NetEnt India. He started his career as a software engineer at Nagarro Software AB in 2003 before…

Live Gambling ・ 23 May 2021

The Sentinel

Which Indian states have the most online gamblers per capita?

India's online gambling market is growing, and it's all thanks to improved internet penetration and the rise in mobile device usage nationally, according to new research conducted by ENV Media. The ENV Media report, titled India's Richest Cities and Its Large Online Gambling Communities, matched secondary statistics with its proprietary primary…

Mobile ・ 19 January 2021