Online Gaming Tax Increase Causes Significant Job Losses

  • Spartan Poker, an online real money gaming platform, confirmed the layoff of 125 employees, 40% of its workforce, following the GST Council’s gaming tax rise to 28%.
  • The increased tax aligns online games involving wagering or stakes with gambling games, leading to projected layoffs and decimated industry revenues.
  • Finance Minister Nirmala Sitharaman defended the raise stating issues of morality and compared incentives for the gaming industry with those for essential goods.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications