The last
few years have seen India’s iGaming scene experience a major upsurge, with
India emerging as a new favourite for both avid bettors and seasoned online
casino platforms. In 2019, the online gambling Industry in India showed
remarkable growth, hitting the INR 62B mark! A major contributor to this highly
staggering Rupee figure was online casinos.
This
impressive performance is immensely fuelled by India’s large population,
coupled with rapid technological advancement in the country. Knowing Indians as
highly tech savvy, things can only get better in the nation’s online wagering
sphere, with revenue expected to blow up, reaching INR 250B in a few
coming years.
As the
Indian betting market grows, more online casinos seem to be getting into the
bandwagon of penetrating the market, hoping to establish a niche for
themselves. There are several factors as to why this is the new trend in town.
Healthy Competition Among
Online Casinos
Today, we will delve into some of the reasons
as to why India remains a potentially lucrative market for online casino
operators. If you plan on getting started on your wagering journey in the
country, you can easily find a list of top casino sites, as acknowledged here.
While the
‘contest’ for a top spot among Indian online casinos is understandably stiff,
it remains quite a healthy and vital part of the industry. As established
veterans such as LeoVegas bring bettors the best of experiences based on their
years’ long experience, newer entrants into the scene like Genesis Casino and
Pure Casino are enticing the younger and seemingly more adventurous players,
offering them captivating content and daring sports betting inventions.
Times have
changed for bettors in India, and there could never be a better time to indulge
your online casino gaming quest. This battle for market share leaves
bettors spoilt for choice when it comes to available betting markets, sports
wagering options, high quality gameplay and other exciting casino features. Be
sure to get detailed information on India’s to top casinos to enhance your
betting experience.
Less Stringent Regulation & a More Relaxed
Betting Atmosphere
Historically,
India as a country has not been big on online casino gaming until recently. The
gambling laws governing betting operations have for the longest time been
vague. In addition to this, there is the fact that attitudes towards iGaming, in a country as huge as India, are bound to be diverse and
contradictory. While some states in the country are open to the idea of
legalizing online gambling, others remain conservative, shuddering over the
thought of permitting operation of online casinos.
However,
the recent years have seen a change in attitude and overall trend. Despite the
fact that the legality of online casino gambling operations in India remains a
gray area, there is no one who has really been prosecuted for indulging in
online sports wagering.
There are
no government issued local online casino licenses at the moment, but players in
the country are not restricted from enjoying gameplay at overseas online
casinos. Keep yourself well informed by getting a hold of all the recent news updates on online casino legality in India to ensure
that you are not involved in illegal betting operations.
Rapid Technological Advancements
The last
decade has seen India make enormous strides in tech-related advancements, with
more people having easy and affordable access to smart devices and
strong internet connection. Today, India is brushing shoulders with global
superpowers when it comes to matters technology. After the 2014 digital
revolution in the country, India has never looked back, with over 600 million
people estimated to be regular internet users and 47 million smartphones being
shipped into the country as at 2019. This upsurge in smart device usage has
pushed India’s online betting industry to a whole new level.
Huge Population
India has a population of more than
1.3 Billion people. In addition to this, Indians are naturally big on betting.
This translates to quite a huge market available for penetration. India’s huge
population is actually one of the biggest factors fuelling the increased number
of leading sites in the country.
Swift, Safe and Convenient Banking Options
Online casino
platforms are outdoing themselves, ensuring that they provide users with
banking options that are ideal for them. A while back, funding your online
casino account in India was dangerously close to a nightmare, with some banks
even placing restrictions on betting-related transactions.
Today,
things have changed drastically, and players can enjoy banking convenience like never before. With the
introduction of easy, safe and swift methods such as E-wallets and prepaid
cards, casino transactions are so seamless. As a matter of fact, a good number
of online casinos offer players methods that are specific to the Indian market,
and they accept Rupees as a valid currency.
Indian-Specific Markets
Top online
casinos in India are putting their best foot forward to appeal to the Indian
market as best as they can. Some of them give players an opportunity to go
about their wagering action in Hindi. Better yet, others incorporate popular
casino games of Indian origin such as Teen Patti and Andar Bahar in their
game portfolio. This special connection to Indian-specific markets makes online
casinos all the more appealing to players in the country, which leads to their increased
prevalence.
How the Future of Online Bookies in India Looks
India’s
online bookie scene has taken major strides, and there are no signs of it
slowing down in the near future. The next decade promises a 400% increase in
market value if things continue happening as they are. It is expected that
technological advancements will only get better as banking options grow even
more convenient. Better yet, India’s enormous populations will remain as a
great backbone of the online gambling economy!