Billion-dollar online gaming industry seeks clarity on valuation, taxation

The industry has now come out with a report to make a case for itself, and put forth the matter of taxing the business

India is the fifth largest market for online gaming, a billion-dollar industry that could double to $2 billion in the country by 2023. However, perception of online gaming hasn’t always been favourable and policies, too, have at times worked against the sector.

For instance, Tamil Nadu had recently made an amendment to the Tamil Nadu Gaming Act to ban pla­ying of online betting games like rummy and poker with stakes. The Madras High Cou­rt struck down, tho­u­gh, earlier this month.

The industry has now come out with a report to make a case for itself, and put forth the matter