The gambling market in India is undergoing a major shift. It seems that local gambling enthusiasts are more frequently turning to live casinos India, with land-based establishments gradually losing their popularity. This shift is of particular importance, especially due to the incredible acceptance of games of chance in the country.
According to a recent report, an estimated 40% of all internet users in the country spend at least some time playing RNG and live casino games online. More telling still is that it was estimated that a staggering 80% of all Indian adults spend at least some time gambling on a yearly basis. This means that the region will soon be surpassing the United Kingdom in terms of gamblers per capita, which is an important first in world history. Additionally, what these impressive statistics means that the Indian iGaming market is quickly becoming one of the most valuable in the world, which is nothing to be taken lightly.
The question now being asked by experts is; what are the circumstances that created a nation so invested in online casinos?
It seems that a big part of the recipe is the incredible decentralisation of India as a whole. Regulatory power has been given to each of the many states, and when it came to making decisions on online casinos, only a few states made definitive choices. Three states regulated live casinos India, including Goa, Daman and Sikkim, while two outlawed it, Andhra Pradesh and Telengana. The rest of the states made no decisive decission at all, effectively leaving online casinos in grey territory.
This means that in most states iGaming is accessible, and not punishable by the law. This factor, plus the massive increase in the local smartphone adoption rate, has created one of the biggest iGaming markets in the world.
But there are still more than a few challenges being faced. The fact still stands that the regulations are confusing, and many gambling enthusiasts are still unsure about what rules and regulations apply to them. Furthermore, most players engage in offshore live casino India sites, given that many foreign studios now offer Indian favourites like Andar Bahar, Teen Patti and Rummy.
How the situation will develop in coming years remains to be seen. But given that estimates suggest continued exponential growth in the market, and that smartphone users will increase to around 720 million over the course of 2021, it seems likely that the country will remain an iGaming hotspot.