In 2020 India ranked second in the world in terms of the number of internet users, estimated to be over 749 million. Mobile phones were the most popular device for accessing the internet for 744 million, and it’s expected that this figure will reach 1.5 billion people by 2040.
The rise of smartphones and internet access has made it easier for online gambling sites to penetrate the Indian market.
As a trend, it is expected to continue. The Indian government is likely to consider the potential benefits of legalizing and regulating online gambling in the coming years.
Growth of the Indian Online Gambling Market
The online gambling industry in India is projected to experience rapid growth in the coming years.
With a population of over 1.3 billion and a rapidly expanding middle class, the potential for revenue generation is significant. Even when most forms of gambling are illegal in the country.
Research suggests that about 40 percent of internet users gamble in India, and the report suggests that India might overtake the United Kingdom for gamblers per capita, and 80 percent of all adult Indians gamble at least once a year.
Mobile gaming has become increasingly popular in India due to its convenience and accessibility. Players can play online casino real money games anytime, anywhere without having to leave their homes or offices.
The addition of Artificial Reality (AR) and Virtual Reality (VR) technologies has opened up exciting possibilities for the future of online gambling. With VR gambling, players will be able to enter an immersive 3D version of an online casino.
At this virtual casino, players can explore the area with 360° visuals, interact with dealers and other players, order refreshments, play a range of different games, and even smoke a digital cigarette between matches.
Furthermore, Augmented Reality (AR) technology can help land-based casinos by providing players with information such as last-won jackpots, bonuses and promotions, and payout data for slot machines.
Monopoly Live by Evolution Gaming is an excellent example of where Augmented Reality (AR) gaming is headed. This online game combines the classic board game Monopoly with a live dealer and a 3D-augmented Mr. Monopoly.
With the rise of digital currencies, such as Bitcoin, Ethereum, and Litecoin, more and more online casinos are now accepting cryptocurrency as a payment method. This allows Indian players to make deposits and withdrawals with ease, without having to worry about exchange rates or other financial issues.