The Rise of Fantasy Sports and ONLINE FLASH GAMES
The online gaming market is booming with technology. Now, fantasy sports and online flash games are not limited to entertainment purposes. Online flash games are platforms showing your skillset and use your knowledge to win exciting rewards. Because the launch of the initial gaming in 1950, the online game has never stopped growing.
Online Gaming Business Around the world
In the year 2020, the global gaming market was approximately $62 million. As per the statistics, the business enterprise will undoubtedly be worth $300 billion by 2026. Mobile gaming makes almost 50% of the share market and generates revenue worth $80 billion. Online gaming may be the category of streamliners, developers, publishers, gaming arenas, coaches, and 2.5 billion users across the world.
The start-ups of online gaming have become in India, within the last few years and attracted huge funding from both domestic and foreign investors greater than $ 1 million. The shares of gaming platforms are split between your US and China equally 24 % each, in the Asia-Pacific excluding China is 23%, Latin America has 4%, Canada has 2% and lastly, Europe, Africa, and the Middle East holds 23 % of shares.
Even after such huge success and a large user base, the Indian government is not considering the online game legal. In various states of India, playing fantasy sports isn't allowed and is known as gambling. Pandemic has just doubled the growth of the online games and fantasy sports industry in India when it comes to both fantasy sports app development & fantasy sports app platforms.
Government should look at online gaming with an open mind and understand it in-depth, instead of considering all online flash games, gambling. Government can target betting and gambling but should spare fantasy sports. However, fantasy sports might help the government to create huge revenue and raise the economy of the country.
Forms of Online Gaming
Fantasy Sports
One of the popular gaming platforms for sports fans. Online fantasy is completely different from other gaming styles. The user creates their team online of real players playing out there on the ground. The user's performance completely depends on the player and real-life statistics of the overall game.
newplay88 may be the most beloved format of Fantasy Sports in India. Alongside playing the game, many users religiously follow the score and live matches on the fantasy Sports platforms. It isn't a casino game of chance; you need skills and understanding of the overall game to play and win rewards. "NITI Aayog" has released guidelines to play fantasy sports. Users can play fantasy sports free of charge and real money.
The fantasy sports industry keeps growing and the user base is increasing exponentially. newplay88 to the involvement of money and few cases on the fantasy platform, the government considered it as a gambling platform and doesn't contemplate it legal on the central level. newplay88 follow all of the rules of the Advertising Standards Council of India.