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India Online Gambling Market by Gaming Type (Sport Betting (Football, Horse Racing, E-sports and Other Sports), Bingo (Classic Lotto, 75 ball and 90 ball), Lottery, Matka Satta and Casino (Live Casino, Baccarat, Blackjack, Poker, Slots and Others)), by Device Type (Desktop, Tab and Mobile) and By Region (North India, South India, West India and East India)- Forecast to 2027
India Online Gambling Market Overview:
Online gambling usually refers to the use of the internet to conduct gambling. There are many types of online gambling. The online gaming platform is internationalized, the players are highly dispersed, the number is large, the online gaming gambling population is younger, more and more young people are participating in online gaming. More and more professional online gaming companies, the organization structure is stricter, and the network is convenient. The gambling fund payment channels are networked, with a higher degree of electronization, massive bet amounts, and faster operation of gambling funds.
India Online Gambling Market Insights
The India online gambling market estimated to grow over a significant CAGR during the forecast period. The growth of the market can be attributed to the surge in internet penetration and the growing use of tablets and mobile phones by people for playing online games from their homes and public places. Additionally, the increasing use of artificial intelligence, Chabot, and machine learning in online gambling and convenience of the cashless mode of payment during the gaming is projected to drive the growth of India’s online gambling market size in the future periods. The mounting popularity of the freemium model in India will propel the Indian online gambling Industry in the forecast span. Also, the rising number of participants across India, increasing standard of living, and growing spending capability of the customer will accelerate the growth of the online gaming industry.
Moreover, the cost-effectiveness of mobile apps is fueling the demand for online gambling. The growing popularity of poker and rummy across the online space has propelled the demand for the online gambling market in the coming years. Furthermore, the changing lifestyle, rise in demand for leisure time due to hectic & busy lifestyles, and increase in tourism is expected to foster the market growth. Also, the easy access to online gambling, legalization and cultural approval, corporate sponsorships, and celebrity endorsements will positively impact the Indian online gambling market in the coming years. Additionally, the advances in technology and the accessibility of the web internet gambling sites with multiple benefits and rewards will augment India’s online gambling market share in the anticipated period. The introduction of bitcoin gambling and the upsurge in the use of cryptocurrency such as bitcoin can be used for cross border transactions that will accelerate the robust growth of the India online gambling industry in the estimated period.
Growth Driver
The surge in internet penetration across India
The Indian Internet and Mobile Association (IAMAI) predicts that thanks to the rapid development of the internet in rural areas, Internet users in India are expected to achieve double-digit growth this year, and it is projected to reach 627 million people in 2019. The penetration rate of the internet in urban areas is higher, and the number of users reaches 192 million people. Although the number in rural regions is 259 million, the gap between the urban and rural population distribution in India is considered. The Indian government continues to promote the popularity of the internet through the Digital India Project.
COVID19 Impact Insights
The pandemic COVID-19 has hugely impacted on Indian Economy. To prevent the spread of the virus, the Indian government has imposed lockdown across the country to promote social distancing. The stringent restrictions on people’s movement and the surge shifting to people towards online gambling & on land-based casino operations will impact the robust growth of India’s online gambling industry.
Gaming Type Segmental Analysis
Based on the gaming type, the India online gambling market classified into Sport Betting (Football, Horse Racing, E-sports, and Other Sports), Bingo (Classic Lotto, 75 ball and 90 ball), Lottery, Matka Satta and Casino (Live Casino, Baccarat, Blackjack, Poker, Slots, and Others), The sports betting dominated the India online gambling market with the highest market share in 2019. The growth of the segment can be attributed to the growing use of digital platforms across India, and the rising disposable income has resulted in higher spending capacity. Sports betting includes football, horse racing, e-sports, and other sports.
The casino will witness steady growth in the coming years due to the vast popularity of online card games, online poker’s popularity and acceptance of deposits from online wallets, and even virtual currencies such as Bitcoin.
Device Type Segmental Analysis
Based on the device type, the India online gambling market segregated into the desktop, tab, and mobile. The desktop segment accounted for a significant market share in 2019. It is due to the large screen size of desktops compared to mobile phones, and other devices enable gamblers to enjoy the graphics and intricate details of the game.
Mobile device grows at a significant rate in the forecast period. It is owing to the technological innovations in mobile phones, and enhanced gaming graphics in smartphones led to increased access to online mobile games.
Region Segmental Analysis
By geography, the India online gambling market segmented into North India, South India, West India, and East India. North India estimated to occupy the lion’s share in the Online Gambling market by 2027 based on the upsurge in the use of smartphones, the availability of high-speed internet, and the rising popularity of online casinos in the region.
South India occupies a prominent share of the Online Gambling market due to the growing use of internet services, and high economic growth coupled with increased spending on leisure activities.
Competitor Analysis
Companies such as Genesis Casino, LeoVegas AB, Royal Panda Casino, Betway Casino, 10Cric Casino, Pure Casino, Rizk Casino, 22Bet, Lucky Days Casino, Casoola City Casino, Sevenjackpots, Spin Casino, Jackpot City Casino, ComeOn, and Playzee are the key players in the India online gambling market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- India online gambling service providers
- Research organizations and consulting companies
- Organizations, associations, and alliances related to online gambling
- Regulatory bodies
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Gaming Type
- Sport Betting
- Football
- Horse Racing
- E-sports
- Other Sports
- Bingo
- Classic (Lotto)
- 75 ball
- 90 ball
- Casino
- Live Casino
- Baccarat
- Blackjack
- Poker
- Slots
- Others
- Lottery
- Matka Satta
- Others
By Device Type
- Desktop
- Tab
- Mobile
By Region
- North India
- South India
- West India
- East India
India Online Gambling Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- COVID-19 Impact on India online gambling market
- Economic Factor Analysis
- India Online Gambling Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- Gaming Type
- Sport Betting
- Football
- Horse Racing
- E-sports
- Other Sports
- Bingo
- Classic (Lotto)
- 75 ball
- 90 ball
- Casino
- Live Casino
- Baccarat
- Blackjack
- Poker
- Slots
- Teen Patti
- Others
- Lottery
- Matka Satta
- Others
- Sport Betting
- By Device Type
- Desktop
- Tab
- Mobile
- By Region
- North India
- South India
- West India
- East India
- Gaming Type
- Demand
- Market Size & Forecast, 2016-2027
- North India Online Gambling Market Overview
- North India Online Gambling Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- North India Online Gambling Market Share & Forecast, 2016-2027
- Gaming Type
- Sport Betting
- Football
- Horse Racing
- E-sports
- Other Sports
- Bingo
- Classic (Lotto)
- 75 ball
- 90 ball
- Casino
- Live Casino
- Baccarat
- Blackjack
- Poker
- Slots
- Teen Patti
- Others
- Lottery
- Matka Satta
- Others
- Sport Betting
- By Device Type
- Desktop
- Tab
- Mobile
- Gaming Type
- Demand
- North India Online Gambling Market Size & Forecast, 2016-2027
- South India Online Gambling Market Overview
- South India Online Gambling Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- South India Online Gambling Market Share & Forecast, 2016-2027
- Gaming Type
- Sport Betting
- Football
- Horse Racing
- E-sports
- Other Sports
- Bingo
- Classic (Lotto)
- 75 ball
- 90 ball
- Casino
- Live Casino
- Baccarat
- Blackjack
- Poker
- Slots
- Teen Patti
- Others
- Lottery
- Matka Satta
- Others
- Sport Betting
- By Device Type
- Desktop
- Tab
- Mobile
- Gaming Type
- Demand
- South India Online Gambling Market Size & Forecast, 2016-2027
- West India Online Gambling Market Overview
- West India Online Gambling Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- West India Online Gambling Market Share & Forecast, 2016-2027
- Gaming Type
- Sport Betting
- Football
- Horse Racing
- E-sports
- Other Sports
- Bingo
- Classic (Lotto)
- 75 ball
- 90 ball
- Casino
- Live Casino
- Baccarat
- Blackjack
- Poker
- Slots
- Teen Patti
- Others
- Lottery
- Matka Satta
- Others
- Sport Betting
- By Device Type
- Desktop
- Tab
- Mobile
- Gaming Type
- Demand
- West India Online Gambling Market Size & Forecast, 2016-2027
- East India Online Gambling Market Overview
- East India Online Gambling Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- East India Online Gambling Market Share & Forecast, 2016-2027
- Gaming Type
- Sport Betting
- Football
- Horse Racing
- E-sports
- Other Sports
- Bingo
- Classic (Lotto)
- 75 ball
- 90 ball
- Casino
- Live Casino
- Baccarat
- Blackjack
- Poker
- Slots
- Teen Patti
- Others
- Lottery
- Matka Satta
- Others
- Sport Betting
- By Device Type
- Desktop
- Tab
- Mobile
- Gaming Type
- Demand
- East India Online Gambling Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Genesis Casino
- LeoVegas AB
- Royal Panda Casino
- Betway Casino
- 10Cric Casino
- Pure Casino
- Rizk Casino
- 22Bet
- Lucky Days Casino
- Casoola City Casino
- Sevenjackpots
- Spin Casino
- Jackpot City Casino
- ComeOn
- Playzee
- Other Prominent Players
