Indonesian Gaming Industry Earned $1.5 Billion in 2022

The Ministry of Tourism and Creative Economy said the Indonesian gaming industry earned $1.59 billion in 2022. However, most of the revenue went to foreign gambling firms. According to pay per head bookie reports, the companies serve as gaming app providers. On the other hand, local industry companies got 0.5 percent of the market share.

Santosa has stated that his government is encouraging innovative game developers to produce more games, considering the country’s large population of people who play games online.

He said that to hasten the growth of the national gaming business, the government is now formulating a presidential rule. In addition, they hope to implement it in 2024.

Indonesian Gaming Industry Revenue

Indonesian Gaming Industry Earned $1.5 Billion in 2022Santosa explained that the gaming business is being considered for regulation. According to bookie PPH reports, the gaming market provides potential economic significance in foreign exchange revenues. In addition, it can help in promoting local cultural values.

According to bookie pay per head reviews and news sites, he said the rule would pave the way for new players to enter the gaming business and grasp the Rp25 trillion in potentially available income. In addition, he stated that by 2024, his ministry hopes to have the domestic gaming business account for 70 percent of all money generated by the sector, up from 50 cents now.

Santosa emphasized the importance of collaboration between various government agencies, using the tourism and investment ministries as examples. He claims that the gaming sector is more lucrative than the combined music and picture industries.