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.
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.
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.
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.
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.
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.
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.
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.
By Gaming Type
By Device Type