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 to show your skillset and use your knowledge to win exciting rewards. Because the launch of the first gaming in 1950, the online game has never stopped growing.
superwin303 Gaming Business Around the world
In the year 2020, the global gaming market was approximately $62 million. As per the statistics, the business will be worth $300 billion by 2026. Mobile gaming makes almost 50% of the share market and generates revenue worth $80 billion. Online gaming is the family of streamliners, developers, publishers, gaming arenas, coaches, and 2.5 billion users around 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 the US and China equally 24 % each, in the Asia-Pacific excluding China is 23%, Latin America has 4%, Canada has 2% and finally, Europe, Africa, and the Middle East holds 23 % of shares.
Even after such huge success and a big user base, the Indian government is not considering the online game legal. In various states of India, playing fantasy sports is not allowed and is known as gambling. superwin303 has just doubled the growth of the online games and fantasy sports industry in India with regards to both fantasy sports app development & fantasy sports app platforms.
Government should look at online gaming having an open mind and understand it in-depth, rather than considering all online flash games, gambling. Government can target betting and gambling but should spare fantasy sports. However, fantasy sports can help the government to create huge revenue and raise the economy of the united states.
Types of Online Gaming
Fantasy Sports
One of the popular gaming platforms for sports fans. Online fantasy is totally not the same as other gaming styles. The user creates their team online of real players playing out there on the floor. The user's performance completely depends on the player and real-life statistics of the game.