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India's Gaming Boom: 420M Players, Weak Monetization Ahead

9/27/2025

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Story summary
  • India's gaming market reaches 420 million players, yet monetization remains weak per Lightbox.
  • Global gaming market projected to grow from USD 177.9B in 2024 to USD 198B by 2027.
  • Average Revenue Per User (ARPU) averages USD 3.03, amid Promotion and Regulation of Online Gaming Act, 2025.
  • Nazara Technologies emphasizes non-real-money gaming growth; hyper-localization and regional-language content attract 75% of users.