Call For Regulating Online Gambling in India is Getting Stronger
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There is a growing demand for regulating online gambling in India. India's gaming industry is valued at over 930 million USD. Deloitte reports that the market will grow to 2.8 billion US dollars by next year. India has the second-largest internet user in the world with over 560 million users. The country is being eyed by UK gambling companies.
The pandemic caused a spike in web traffic to online casinos in India. People were bored during the lockdowns and they found entertainment in online gaming. Mobile devices and smartphones becoming cheaper and more powerful also play a role here. There are now over 400 gaming and gambling companies offering their services in the country. This is 15 percent of the global online market. India has over 560 million internet users this year and it is forecasted to grow to 630 million by 2023.
There is a growing demand for regulating online gambling in India. The UK has one of the biggest online betting markets and it is regulated by the UK Gambling Commission. India could follow the example of UK and introduce similar regulations. It's hard to say when the government will look into regulating the industry. It's also hard not to predict that it will happen soon.
