As the days progress, the number of eSports tournaments is on the rise. This is owing to increase in participating and a colossal amount of youngsters taking up eSports as their career. The newest on the list, Indian LAN Gaming, a national competitive esports competition, has announced the start of its fourth iteration. Tthe tournament’s organisers, League of Extraordinary Gamers (LXG), have not yet revealed the tournament’s dates, prize money, or game titles. However, they have confirmed that it will take place over the course of the following year. It will feature over 30 gaming “cafes” in over 20 cities throughout India.
League of Extraordinary Games (LXG)
Before this announcement, LXG has conducted numerous sponsored gaming competitions. Some of these are “Let’s Go LAN” and “Weekend Brawls,” in eight locations throughout India. According to a press statement from the organisers, the competitions attracted over 2,700 players. According to information from the company’s own website, LXG has attracted over 40,000 players to compete across 13 competitive esports titles and given over 2.75 crores in total prize money.
Tournament mode
Players seated in a “cafe” will only compete against one another in the event. It will solely be focused on Local Area Network (LAN) games. Players partaking in the game will compete against one another in an Esports Arena League. The winners of that competition will be given the opportunity to play in greater esports competitions in the future, according to a statement released by LXG.
The Managing Director of LXG, Shravanth Reddy stated that “the company will bring back competitive LAN environments for both gaming enthusiasts and cafes, from where we left off in 2020, prior to the pandemic. We believe that ILG Cup Season 4 will again strengthen the existing ‘cafe LAN culture’ for budding grass-root-level players, who want to make their name in the community where they also get a chance to face off against professional esports players and rise through the ranks.”
Tax on winnings from online gaming & eSports
The competition takes place during a turbulent time for online gaming tournaments in India. On Wednesday, the industry got taxation adjustments and clarifications at the Union Budget 2023. When a player withdraws their winnings from a platform, the most recent tax law states that 30% of the gains from online gambling would be taxed as tax deducted at source (TDS).
Additionally, the profits must be reported on annual income tax returns under “income from other sources.”
Clarifications on how taxation would vary between esports and real-money gaming must still be explored, though. According to specialists in the field, since esports do not require consumers to deposit money into a prize pool and collect rewards later, the new taxation system will primarily apply only to real-money gaming.
Nevertheless, this tournament appears to be the next-big-thing to hit the eSports market in India. We will receive more details and updates about the tournament in the near future.
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