The Public Gambling Act of 1867 prohibits land-based gambling and betting throughout India with a few exceptions. However, these archaic laws do not specifically address online gambling and online betting which has allowed offshore gaming operators and betting sites to target the Indian market.
Market analysts expected India to be one of the emerging markets in the gaming industry but their predictions have been blown out of the water as India’s gaming and betting markets have experienced exponential growth in the last couple of years.
We take a quick look at the six main reasons as to why India’s gaming market has spiked and surpassed the expectations of market analysts.
Internet and Smartphone Usage facilitates accessibility
You cannot talk about India’s gaming market expansion without getting down to the basics. The mass adoption of smartphone usage in India and the affordability of mobile internet coverage has allowed millions of Indians to turn their smartphones and tablets into handheld casinos and sportsbooks.
With millions of Indians now having 24/7 access to these mobile gaming units, they have the option of playing their favorite online casino games and betting on sports like cricket, football, and basketball at any given time. India is estimated to now have over 750 million smartphone users and iGaming operators have customized their casino and sportsbooks to cater to this growing mobile segment.
Real Money Games on the rise
Indian players for years have turned to online gaming sites to play games like rummy and teen-patti in free-to-play mode. Millions of Indians now realize that there are licensed and regulated online gaming sites that offer them the ability to play their favorite games for real money. BettingGuru.in has put together a list of the best online casino and betting sites for Indian players.
While teen-patti and rummy real money games continue to get a lot of attention, Indian players have also started to turn their attention to online slots, popular table games such as roulette and poker. The live dealer casino option has also witnessed more player traffic in recent years as Indian players like the option to be able to interact with a real human dealer and enjoy the experience of playing in a virtual casino environment.
Sophisticated Payment Methods adapted to Growing Market
iGaming operators in India have also customized their offerings to better serve the Indian market. Multiple casinos now offer INR as one of their currencies allowing Indian players to make deposits and withdrawals with the Indian rupee. This ensures Indian players do not have to suffer cross-currency exchange losses as was the case in the past.
Casino operators and betting sites also offer multiple banking methods that are very popular with the Indian market. Indian players have the option of using Paytm, UPI, Western Union, Netbanking and cryptocurrencies to make their deposits and withdrawals.
The Classic Card Game for the Win
Online poker can definitely take credit for causing a spike in gaming revenues in India. Top poker operators including the World Poker Tour (WPT) have stirred up India’s poker market by coming out with huge tournament guarantees and giving Indian players an opportunity to make a living playing online poker from India.
Competition is Healthy
The influx of new gaming and betting sites has increased the market competition which has been good for Indian players as they now have multiple licensed and regulated gaming sites to pick from, compare bonus offers, gaming portfolios, payment methods and VIP programs before making a decision as to which casino and sportsbook is best for them.