Online Gaming Bill 2025: Companies warns massive job cuts, shut down, how will it impact industry?

Rajya Sabha on Thursday passed 'The Promotion and Regulation of Online Gaming Bill' amid protests and sloganeering by the Opposition.

Parliament on Thursday cleared the Promotion and Regulation of Online Gaming Bill, 2025, with the Rajya Sabha giving its nod amid uproar and without any debate.

The legislation, introduced by Electronics and IT Minister Ashwini Vaishnaw, aims to prohibit all online money-based games while encouraging the growth of eSports and social gaming platforms.

The Upper House passed the bill after turning down amendments proposed by Opposition members.

What Is Online Gaming Bill?

The bill was passed by the Lok Sabha on Wednesday. It also seeks to prohibit advertisements related to online money games and bar banks and financial institutions from facilitating or transferring funds for any of such games.

Online money games are played by depositing money in expectation of winning monetary and other rewards.

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Massive Layoffs And Companies To Shut Down?

“There are more than 20,000 current jobs at risk, with a possibility of over 300 companies shutting down. Around 50% of franchise domestic/national level sports leagues may be closed and sponsorship revenue loss for teams & leagues could range from 30 to 40%,” an industry source told LiveMint.

The source added, “Non-cricket & grassroots sports may collapse without real money gaming advertisers. The impact of it could lead to a decline in ad spends, with lower sports broadcasting/media revenues.”

Story Highlights

1. Online Gaming Bill
2. What Is Online Gaming Bill
3. How Online Gaming Bill will impact Industry
4. Online Gaming Bill in Lok Sabha