Anurag Dwivedi voices concerns over 28% GST's threat to the fantasy gaming sector's viability

The fantasy gaming industry is facing an uncertain future as the government implements a 28% Goods and Services Tax (GST) on online gambling activities. This move has prompted conflicting reactions from industry experts and participants, with some predicting negative ramifications for the sector.

Mr. Anurag Dwivedi, an authoritative voice in the field of fantasy cricket with vast expertise, highlighted concerns about the new tax policy's impact. "This decision could spell doom for many aspiring users," he said. "The financial burden of a 28% GST will likely drive away many players who will find it unaffordable." Only those with significant financial resources may continue to participate, leaving others behind."

He also expressed concern about the loss of chances for newcomers. "The fantasy gaming industry was on the rise, providing a platform for newcomers to learn and grow." "However, this levy may stifle their growth prospects," Mr. Dwivedi observed. "High GST rates are inappropriate for an industry built on accessibility and inclusivity."

The consequences could be especially severe for smaller fantasy game platforms. "The implications for these platforms could be dire," said Mr. Dwivedi. "Survival may become a struggle as the increased tax burden depletes their resources." This change could have repercussions, including changing partnership relations with events such as the IPL."

The fantasy game industry has been catering to a wide range of users, from casual players to die-hard fans. However, the application of GST has created a level of uncertainty that may disrupt the industry environment. Mr. Dwivedi's observations highlight the potential obstacles and setbacks that the industry may experience as a result of this decision.

As the industry braces for the new tax's impact, participants and stakeholders await more developments. The debate over whether the 28% GST rate is acceptable for the industry's future and the experiences of players across the spectrum continues.