Prøve GULL - Gratis
Poker trumps real-money gaming amid GST claims
Mint Mumbai
|July 22, 2025
Participation numbers have also surged, jumping from 2,200 to over 22,000 unique players
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 JioHotstar, 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.
Denne historien er fra July 22, 2025-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
How Taylor Swift rewrote the business of record sales
For almost a decade, Adele’s 25 has held the record for first-week album sales with nearly 3.5 million. That mark appeared insurmountable until Taylor Swift released The Life of a Showgirl on Oct. 3. The pop star blew past Adele's total in five days, ultimately earning a hair more than 4-million sales.
4 mins
October 15, 2025
Mint Mumbai
DMart Ready in metros after q-comm trips it in small cities
Avenue Supermarts Ltd, which runs the DMart retail chain, exited its DMart Ready order-and-pickup operations in five cities in the July-September quarter, signalling continuing pressure from quick commerce companies and a pivot towards metro markets with stronger digital demand for groceries.
2 mins
October 15, 2025
Mint Mumbai
Wholesale inflation dips to 0.13% in Sep on easing food, fuel prices
India’s wholesale inflation eased in September after a sharp rise in the previous month, helped by a decline in food and fuel prices, provisional data from the commerce and industry ministry showed on Tuesday.
1 mins
October 15, 2025
Mint Mumbai
'Tesla scheme' may continue as India’s EV chase sputters
In June, the Centre notified guidelines for the scheme and opened the investment window
2 mins
October 15, 2025
Mint Mumbai
IETF marks first close at $163 mn
The India Energy Transition Fund (IETF), managed by EAAA Alternatives, has achieved its first close at $163 million with a commitment of $60 million from the European Investment Bank’s development arm, EIB Global.
1 min
October 15, 2025
Mint Mumbai
₹110 cr push for Two Brothers Organic
Organic foods products company Two Brothers Organic Farms, based in Pune, has raised ₹110 crore in a Series B funding round led by 360 ONE Asset, Rainmatter Investments, Narotam Sekhsaria Family Office and Rahul Garg of Ignite Growth LLP.
1 min
October 15, 2025
Mint Mumbai
GST reforms done, let us opt for the fastest path to clean mobility
We need a stable tax-policy roadmap that’s better calibrated to incentivize the use of green vehicles
3 mins
October 15, 2025
Mint Mumbai
'Sunjay Kapur's will refers to him as she'
Mahesh Jethmalani, senior counsel representing Samaira Kapoor and Kiaan Raj Kapoor, children of Bollywood actress Karisma Kapoor, who is the former wife of the late Sona Comstar chief Sunjay Kapur, alleged in the Delhi High Court on Tuesday that Kapur’s will was a forgery as it referred to the testator—the person who made the will—as female as many as four times.
2 mins
October 15, 2025
Mint Mumbai
Roche moves SC against Natco over Risdiplam sale in India
Swiss drugmaker Roche has moved the Supreme Court, seeking to restrain Natco Pharma from selling the generic version of its lifesaving spinal muscular atrophy (SMA) drug Risdiplam in India.
1 mins
October 15, 2025
Mint Mumbai
HCL Q2 shines, powers up AI
HCL saw good sequential constant currency revenue growth in Q2FY26, led by IT and business services vertical.
2 mins
October 15, 2025
Listen
Translate
Change font size