{"id":877052,"date":"2024-11-15T08:49:12","date_gmt":"2024-11-15T03:19:12","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=877052"},"modified":"2024-11-15T08:53:48","modified_gmt":"2024-11-15T03:23:48","slug":"google-deloitte-report-forecasts-sluggish-growth-for-indian-fantasy-sports-industry-year-after-gst-blow","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/15\/google-deloitte-report-forecasts-sluggish-growth-for-indian-fantasy-sports-industry-year-after-gst-blow\/","title":{"rendered":"Google-Deloitte report forecasts sluggish growth for Indian fantasy sports industry year after GST blow"},"content":{"rendered":"<p>Amid growing tax woes and legal uncertainty, India\u2019s online fantasy sports industry will see a compounded annual growth rate (CAGR) of 7-9% from $1 billion to $1.6 billion by FY 2030, according to a new report jointly published by Google India and Deloitte. <\/p>\n<p>The country\u2019s real-money gaming industry has seen mass layoffs, shutdowns, and a funding crunch since the central government in July 2023, announced the imposition of a 28% Goods and Services Tax (GST) on player entry fees charged by popular fantasy sports apps such as Dream11 and Mobile Premier League (MPL).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid growing tax woes and legal uncertainty, India\u2019s online fantasy sports industry will see a compounded annual growth rate (CAGR) of 7-9% from $1 billion to $1.6 billion by FY 2030, according to a new report jointly published by Google India and Deloitte. The country\u2019s real-money gaming industry has seen mass layoffs, shutdowns, and a funding crunch since the central government in July 2023, announced the imposition of a 28% Goods and Services Tax (GST) on player entry fees charged by popular fantasy sports apps such as Dream11 and Mobile Premier League (MPL).<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-877052","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/877052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=877052"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/877052\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=877052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=877052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=877052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}