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Concerns have mounted over possible addiction and financial losses for players even as sector draws investors. India's government says it will impose a 28 percent tax on funds that online gaming companies collect from their customers in a setback to the $1. The sector has been growing at an annual compounded rate of 28 percent to 30 percent and has also drawn international investors. United States investment firm Tiger Global has backed Indian gaming start-up Dream11, the lead sponsor of India's national cricket team. Industry executives said they may have to pass on the additional costs to their customers by raising the prices of games. Roland Landers, CEO of The All India Gaming Federation, said the decision was "unconstitutional [and] irrational". Until now, the companies paid a small tax on the fees they charged for offering real money games. The change announced on Tuesday will impose a 28 percent tax on the entire amount collected from players in every game. designer bags cyber monday

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