The Ledger
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Mittersain: India gaming GST moved to 28% on deposits versus 18% on rake
“Now the latest tax on the GST is 28% on deposits, which was earlier 20. I mean, gaming companies were paying 18% on their rake, right?”
Mittersain: A 19-year-old's Roblox game generates $60M in annual revenue
“I just did a Zoom call recently with a 19 year old kid who has a game called Blocks Roots. And it makes something like sixty million dollars a year or something. In revenue.”
Mittersain: Banning real-money gaming in Indian states drives the market underground
“When you ban, you've seen in many states, for example, in India, where games have been banned. The online real money games have been banned. The business has usually gone underground. To more irresponsible players. Which completely exposes the users.”
Mittersain: Ludo King surpassed 1B downloads but struggles to monetize
“It's a, we recently crossed a billion downloads, I think. In India. Yeah, but I. Yeah, monetization is a is a challenge.”