Riding on the wave of digitization and technological advancements in India, online gambling is at an all-time high in the country. Many betting companies and online casino operators have already established their presence in India’s internet space, and more are set to follow in the coming months and years.
The emerging Indian market has become the new bride of global online casino operators, with everyone keen to earn a share of the gold mine. The great thing about casinos in India is that the best is yet to come. Once the vague gambling laws in the country are cleared up and casinos are able to operate without restrictions, the industry will experience even more growth.
With over one billion inhabitants, the foundation for growth was already in place in India. India has an incredibly large number of young people (up to 600 million people are aged under 25 and below according to a recent report), and the adventurous middle class is always expanding. That vibrant population has now been merged with a technological revolution, leading to the rapid growth in many sectors of the country.
Mobile devices have become very prevalent, while internet connectivity is now more accessible, even down to the rural areas. The Indian government, through its National Broadband Mission, aims to provide broadband access to all villages by 2022.
Between 2014 and 2019, the government spent 8.55 US dollars on telecommunications infrastructure, about six times more than its expenditure in the five years leading up to that. There has been a concerted effort to take India to the top order of the global technological scale.
The online casino industry in India has been among the great beneficiaries of this technological advancement. The Indian gambling industry was valued at 62 billion Indian Rupees in 2019, with online casinos contributing a sizable percentage to this total. That figure is expected to quadruple in the next ten years.
Online casinos get more techy as they target India’s youth
As India continues to develop, online casinos continue to spring up at a rapid rate, competition is getting more intense. One of the best ways to attract and keep hold of India’s young population is by being techy and attractive.
Casinos are no longer just about the latest slots and table games, but also about great graphics, crisp sounds, striking gaming environment and overall user experience. This is why newer online casinos like Pure Casino and Genesis Casino are gaining lots of attention from Indian players.
These casinos have upped the ante in the gaming experience, offering the most modern games in very aesthetic settings. The older ones have been forced to raise their game, and as a result, online casinos in India are generally of great quality.
Virtually all online casinos in India now have mobile apps or optimized mobile sites, ensuring that casino games are available to Indian players at all times. Indian gamers are very vibrant and always on-the-go. Not many have the time to sit behind a desktop to play casino games!
Online casinos have made online payments more convenient for Indian players. Depositing money into online gambling accounts used to be problematic in India, but that is no longer the case. Most casinos allow traditional Indian payment systems like Netbanking and bank cards, but they also have many other options, including e-wallets like Neteller and Skrill; and prepaid cards like AstroPay.
With India set to keep growing as a global technological force, the future of online casinos in the country is very bright. More and more people will own mobile phones, internet connectivity will become more accessible, online transactions will get easier and faster, and the casinos will get even more creative.