Great news for Android game developers today as a report by Forecasting and Analyzing Digital Entertainment (FADE) has concluded that between the months of January and February the gaming market on the platform grew by an astounding 50% in terms of revenue. That means actual apps bought, not freebie downloads.

Gaming revenue paid out to developers by Google are estimated to be about $900,000. Still a fairly low ball number in comparison to the iPhone App Store, but the fact that it’s increased by $300,000 means a lot to both the developers and to Google.

Additionally, the report adds that the gaming market has had huge growth on the service so far in 2010 with 1200 new titles being added in just two months. Broken down that’s 20 games every day.

Here’s the breakdown for highest selling games:

1. Robo Defense – 24,000 downloads
2. SNESoid
3. NESoid
4. GamBoid
5. Fishin’ 2 Go – 16,000 downlaods

In other Android news (i.e. not gaming related but still interesting anyways) the report found that approximately 289,000,000 apps have been downloaded off of Android thus far.

All around some good news for a service that boasts primarily indie games. Good job Google!