People across all socioeconomic groups and ages experience a universal recreational appeal created by gaming. With the evolution of gaming models, a paradigm shift has been witnessed in the gaming industry.
Recently, online gaming in India has realized tremendous growth, driven to a large extent by the surge in digitalization. With the rapid expansion of internet connection, a growing tech-savvy population and a flourishing economy, online gambling is continuously booming in India.
Here are the factors contributing to the growth of the Indian gambling industry in more detail:
India can significantly make a mark on any industry due to its high population growth rate. With a population of about 1.38 billion people, it holds the second position in the world. Increased population has contributed to a surge in internet penetration, which has led to the rapid boom in online gambling.
- Indian Casino Content
Recently, there has been a surge in the number of gaming sites, with India emerging as a favorite destination for online casino companies. Online casinos have become more Indian; most of them accept Rupees, which makes payments seamless for Indian players.
There are also many other ways that Online casinos use to connect with the Indian audience. Some include popular Indian casino games such as Teen Patti and Andar Bahar in their portfolio, while others offer the option of browsing in Hindi. There are also many traditional games available, such as satta king up, which is quite popular amongst Indians.
- Convenient Payment Systems
The ease of casino payment methods has significantly propelled online gambling in India. While some local banks still decline to process gambling transactions, things are a lot better now. With prepaid cards like AstroPay as well as international e-Wallets like Skrill and Neteller, Indians can fund online casinos safely.
More interestingly, the advent of the UPI (Unified Payments Interface) has made cash transactions with different merchants more convenient. UPI-based apps like Google Pay and PhonePe are being listed by some online casinos as deposit options.
- Introduction of Smartphones
The introduction of smartphones is another key contributing factor to the exponential growth of online gambling in India. Casino games that are being released are now compatible with Android and iOS systems. Most of these games can be played anywhere and anytime, which has made online gambling a popular pastime in India.
What the Future Holds for Online gambling in India
The value of online gambling in India is expected to rise by 400% within the next decade. As technology continues to get better, more convenient payment systems will emerge, and the high population will provide the backbone. Although the gambling industry is in a nascent stage, it is sure to grow as new opportunities arise.