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Poker trumps real-money gaming amid GST claims

Mint New Delhi

|

July 22, 2025

Participation numbers have also surged, jumping from 2,200 to over 22,000 unique players

- Gaurav Laghate

While India's gaming industry continues to reel under the weight of retrospective GST claims, the Poker Sports League (PSL) seems to have carved a niche by staying away from real money formats.

Structured like a traditional sports league, with no betting, wagering, or entry fees, the Amit Burman-backed franchise tournament has turned profitable in its sixth season and is now aiming to reach ₹50 crore in revenue by FY29, according to Mind Sports League (MSL).

In FY23, the company's revenue was ₹1.67 crore, which rose to ₹3.41 crore in FY24 and ₹7.03 crore in FY25.

Broadcast live on Jio Hotstar, the league has grown over 15 times in viewership in the last three seasons, from 1.2 million in season 4 to 22.6 million in season 6, as per top officials of the league.

Participation numbers have also seen a massive surge, jumping from 2,200 to over 22,000 unique players, with season 7 expected to cross 30,000.

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