Bangladesh Gambling Market Overview
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Gambling has never been formally legalized in Bangladesh, but the government does not officially endorse any online activities. In 2012, the national Lotteries and Gambling Board of Bangladesh issued licenses to three companies to operate gambling businesses. The three entities that received licenses were Dhaka Gabbling City, Capital Club Ltd., and CineStar Limited. A legal framework for online gaming was adopted in 2016, though the legality of online gambling is still not clear. Bangladesh is negotiating with neighboring countries to legally regulate online casinos.
Bangladesh does not allow gambling in mosques and most of the population lives in poverty. According to Bangladeshi culture, gambling is considered a negative phenomenon. Some major online gambling companies operate in the country. In 2012, more than 20 online betting operators were licensed in Bangladesh and 250,000 people signed up for Internet gambling. By 2017, there were around 50 online gaming companies operating in Bangladesh and more that 4 million people played online games.
The most popular casino games played in Bangladesh are roulette, blackjack and poker. There are more than 30 companies licensed in the country and each offers its own gambling products.
The first online gambling game that was launched in Bangladesh was a slot machine. Nowadays, there are more slot machines in the country and the price of a game ranges between 2,000 and 5,00 taka.
The most popular sports in Bangladesh are cricket, football, athletics, cycling, swimming and other sports that are played in South Asia. The most watched sport in the country is cricket match between Bangladesh and India.
Gambling industry in Bangladesh is developing.
