Online gambling in India has been growing rapidly over the last decade, be it casino tables, sports, or slots. According to statistics, the Indian market value of the gambling and gaming industry rose to Rs. 72 billion in 2020. That number is expected to rise over the next half-decade to reach 250 billion Indian rupees. But what is contributing to the growth of online gambling in India?
One great indicator of this growth is the increased job opportunities from this industry. Statistics show that by 2022, there will be more than 40,000 employees in the Indian gambling market. This means that more gambling is entering the Indian market. This entry will consequently lead to increased profits. According to various studies, the growth of online gambling in India can be attributed to the following factors:
1. Availability of Online Games
The gaming industry cannot do well if there are no casino games that gamblers can play. These online games such as Andar Bahar online cash game, Teen Patti, roulette, blackjack, etc. are things that have contributed significantly to the growth of the industry. As in any other country, gambling in India is severely restricted. But for lotteries and horse racing, the bar is a little lower.
Also Read: Is it Possible to use Cryptocurrency in Online Gambling
2. Introducing Smartphones
One of the factors contributing to the exponential growth of the gaming industry is the introduction of smartphones. Most game developers now release online casino games. These casino games Teen Patti cash game, roulette, etc. are compatible with Android, tablet, computer, and iOS. This smartphone has greatly contributed to the growth of this industry.
Nowadays, every casino game available online has some rating descriptions.
3. Investments by Big Players
People tend to trust any industry that is supported by significant and reputable players in the market. Recently, some major players in the market such as Flutter Entertainment, The Stars Group and Asia BGE have become significant investors, sponsors, and supporters in the Indian casino industry.
This support has won the trust of many people in online gambling, which has increased. These reputable companies have made significant investments in this gambling industry, which has made it more credible for most gamblers.
4. Localisation
Operators and leading brands know that to come into the Indian market, they know that they would have to make all of their content available in the vernacular. You can now play online casino games in languages such as Hindi, Bengali and Marathi also.
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5. Mobile Casino Growth
As mentioned earlier, most online casino games are now available via smartphone. Most Indian gamers tend to use their mobile phones instead of desktops and laptops.
Mobile games are growing exponentially, mainly due to the affordability of mobile phones. Statistics show that the market value of operational mobile gaming in India by 2022 will be $405 million. The forecast also showed that in 2020, the number of mobile phone users were 748 million.
Read More: Find out which Indian state is on the top in Online Gambling?
6. Huge Youth Population
Statistics show that India is the largest country in the world where most young people live. To this end, most industries on earth are developing a new generation of interests. For many young people, one of their major interests is digital sports, including gambling..
7. Government Support
Surprisingly, even the government plans to support young people to access these digital sports and other entertainment opportunities. The Prime Minister of India has launched a program to install more than 10,000 free Wi-Fi hotspots and is making the internet more easily available to people in the country.
This move will be a good breeding ground for the huge growth of the gaming industry and general online gambling in Delhi and across India.
What is the Future of Online Gambling in India?
As long as the nation is full of younger generations and there are online casinos and betting games, online gambling will continue in India. Over the past five years, India has sparked unusual interest among gambling companies such as Parimatch and Betway which already offer online casino games in countries like the UK and Europe.
Companies aim to obtain a gambling license in the country to have enough time to place gamblers. The state of Sikkim has already granted gambling licenses to these companies and many Indian gambling fans are confident that this state will influence the whole of India to host gambling. For now, we can wait and hope it happens.
Hi guys, I am Faizan, an online casino game enthusiast with over 5+ years of experience. I am passionate about online casino games, and my sole motive is to provide you with all the trustful information regarding online gambling in India. I love to play slots, RNG, and Live Casino games.
My articles have been featured in Cricket Addictor, East Mojo, 1883 and The Bridge.
