FACTORS THAT PLAY A KEY ROLE IN THE GROWTH OF ONLINE GAMING IN INDIA
Online gaming in India has grown rapidly over the past decade, be it casino tables, sports or slots. According to statistics, the Indian market and gambling industry market value has risen to Rs. 72 crore in 2020. This number is expected to increase to Rs. 250 crore in the next half-decade. But what factor is contributing to the growth of online gambling in India?
A good indicator of this growth is the increase in job opportunities in this industry. Statistics show that by 2022, more than 40,000 people will be employed in the Indian gambling market. This means that more gambling games are coming to the Indian market. This entry will therefore lead to an increase in profits. According to numerous studies, the growth of online gambling in India can be ascribed to the following factors:
🔵 Availability of online games
The gambling industry cannot thrive if there are no casino games for players to play. These online games like Andar Bahar, Teen Patti, Roulette, Blackjack etc. have greatly contributed to the growth of the industry. Like in any other country, gambling in India is heavily restricted.
🔵 Presentation of smartphones
One of the factors contributing to the rapid growth of the gaming industry is the introduction of smartphones. Most game developers now issued online casino games. These Teen Patti casino games, roulette, etc. they are compatible with Android, tablets, computers and iOS. This smartphone has contributed immensely to the growth of this sector. Nowadays, every casino game available online has rating descriptions.
🔵 Investments by major players
People tend to trust any industry backed by big and reputable players in the market. Recently, some major market players such as Flutter Entertainment, The Stars Group and Asia BGE have emerged as major investors, sponsors and supporters of the Indian casino industry.
This support has won the trust of many people in the online game which has increased. These reputable companies have made significant investments in this gaming industry which has made them more credible to most gamers.
Operators and big brands know that in order to gain a foothold in the Indian market, they should make all their content available in the vernacular. You can now also play online casino games in languages like Hindi, Bengali and Marathi.
🔵 Growth of mobile casinos
As already mentioned, most online casino games are now available via smartphones. Most Indian players tend to use their mobile phones instead of desktops and laptops.
Mobile games are growing exponentially, largely due to the affordability of mobile phones. Statistics show that the market value of mobile games in India will be $405 million by 2022. Forecasts have also shown that the number of mobile phone users will reach 748 million in 2020.
🔵 Huge youth population
Statistics show that India is the largest country in the world where most of the young people live. To this end, most industries all over the world are developing a new generation of interests. For many young people, one of their main interests is digital sport, including gambling.
🔵 Government support
Amazingly, even the government is planning to help youngsters to access these digital sports and other entertainment opportunities. India's Prime Minister has launched a program to install more than 10,000 free Wi-Fi hotspots, making the internet more easily accessible to people in the country.
This decision will be a good breeding ground for the huge growth of the gambling industry and online gambling in general in Delhi and all over India.
What would be 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 in India will continue. Over the past five years, India has sparked unusual interest from many gambling companies, which already offer online casino games in countries like the UK and Europe.
Companies are trying to get a gambling license in the country to have enough time to place bettors. The state of Sikkim has already allowed gambling licenses to many companies and many Indian gambling fans are convinced that this state will influence all of India to organize gambling. For now, we can wait and hope it happens someday.