The Rise of Online Casino In India: What does the Future Hold?
Everyone likes to make easy money and beat the hard labor. Gambling, casinos, and betting are risky sports, but they are the easiest and fastest way to earn zillions without having to work long hours.
In India, gambling has been one of the oldest sports, and its history of it can be traced back to 3,300 BC. In the streets of India, the most popular form of casinos and gambling are Andar Bahar and Teen Patti.
However, with the advancement of technology, casinos got online too. But, unfortunately, restrictions made it easier and more accessible to millions of people who couldn’t explore the endless opportunities of online gambling.
Online Casino for real money in India has not made it easier for legal-aged people to explore the options, but the rewards are more rewarding than ever. Moreover, since you have access to games from around the world in online casinos, the chances of winning a more significant amount are also high.
Currently, online gambling is a multi-billion dollar industry in India and growing rapidly. The pandemic has sped up the growth of the online casino industry.
As everyone was trapped between the four walls as the pandemic hit led to lockdown across the country, the gambling industry witnessed a positive outcome. Digital was the only form of entertainment, and people got hooked on mobile games and stuff. Adults who were into betting and casinos gradually but rapidly shifted to online casinos.
The sheer accessibility of gambling websites can be cited as one of the primary reasons behind the rapid growth in the popularity of online gambling in India.
India is a technologically advanced nation being compared to its immediate neighbors. 6 out of 10 people have access to tablets, smartphones, and computers with high-speed internet.
Moreover, since particular states of the country have legalized offline casinos, online casinos are the only option for those who want to explore the multi-beneficial realms of the industry.
Another reason can be the abundant game options absent or unavailable at the offline casinos. Moreover, the online casinos mimic the games available offline precisely the way they are. And the best part is people can access all the fun without leaving the comfort of their home or being physically present at the venue.
According to reports published by leading houses, India forms 15% of the total online casino players in the world.
Since the nation always had a strong gambling culture despite the limitation, the future of online casinos is striving with opportunities for players and the industry. Moreover, no other country is as welcoming as India towards emerging technologies. Around 80% of the total population is involved in gambling at least once a year. The prediction shows that the Indian gambling industry will grow 41% by 2024.
Moreover, India has positioned itself as one of the top gaming software developers in the global market. Numerous Indian companies have played a prominent role in developing some of the most popular digital games in the world.
The future of gambling in India is bright and loaded with opportunities waiting to be explored. However, it needs proper social awareness and more technical literacy amongst the population to grow even further than the estimated.
Future of Online casinos in India: Treat or Trick? (Conclusion)
As India is more open towards online gambling to date, it has become a hotspot for foreign countries to expand their business.
The online gambling industry in India is not only surviving but proliferating. Despite the pandemic that made every business stumble in some aspect, online casinos not only stood firm but grew rapidly.
Moreover, India has the biggest young-adults population who are well-versed with technology and up-to-date with the current world trends.
So, looking at the figures, it can be stated that the future of online casinos in India is not only bright but radiating.