Online Gaming and Casino has Promising Future in Indian Market
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Indians have always been interested in card games and betting and this trend is evident from the growing market for online casino in India in the recent years. With strong internet penetration across the country and low cost 4G internet, the future of online casino and sports betting is looking bright in India. Also, there is immense growth potential as young generation in India is having a higher risk appetite. Many big names in the casino industry have planned major expansion and marketing budget for the Indian market. All these factors confirm that the industry is set to grow at a past pace in the coming years.
During COVID-19 pandemic, as people were stuck at home due to lockdowns, online services have witnessed strong demand. The sectors that benefitted from pandemic include financial services, stock markets, online casino, video streaming and online shopping. Indians buyers have been shifting to online shops and with good discounts available, Indian consumers are confident buying a wide variety of goods and services online.
Bright Future for Online Casino and Sports Betting in India
Indian bettors have embraced online casino in the recent years. The casino platforms are also working hard to offer games specially targeting Indian audience like Teen Patti, Andar Bahar and Rummy. There are other popular games like Roulette, Baccarat, Blackjack, Monopoly and Slots that have witnessed strong interest. For Indian bettors looking for the best roulette casino in India, there are a lot websites that offer excellent roulette casino reviews.
Gaming Studios in Europe have been working hard to improve user interface and offer live casino games for the most popular games. The immersive experience of live casino has received an amazing response from bettors. This has led to higher revenue for online platforms and an amazing experience for bettors, mimicking the experience of real casino.
Indians are passionate about cricket and betting on cricket has been mainly conducted on illegal networks. But, all this has been changing with online sports betting getting popular across the country. Online sports betting platforms offer a safe and legal way to enjoy sports and place bets on sports events. These platforms offer live feeds on sports events and they cover many more sports events and not just cricket. The variety of betting options, security and peace of mind offered by online sports betting platforms has been the main reason for strong growth in this segment.
Due to COVID-19 lockdowns, land-based casinos suffered a major setback and this led to shift in consumer focus on online casino. Online platforms have evolved much stronger in the recent quarters and this trend is expected to continue as per industry experts. There are very few land-based casinos in India and some of them operate on offshore vessels. The government in Goa and Sikkim is considering relaxation in rules for land-based casinos in future.
Financial Numbers for Gaming Industry
As majority of online casino operators in India are not based in India, it isn’t possible to ascertain the revenue figures for Indian market. The operators are mainly headquartered in Europe or North America and they don’t release the revenue numbers for Indian markets (except for stock market listed companies that share some details about their revenue). Gaming industry experts believe that Indian online casino market will grow at a much faster pace in 2022 and with major advertising deals for fantasy sports, online gaming and online casino market is also set to gain further ground.
The recover in US and European gaming markets can give us an idea of how gaming industry has managed to recover from COVID-19 pandemic. As per American Gaming Association’s Commercial Gaming Revenue Tracker, the total revenue from casino games, sports betting and iGaming was recorded at $13.59 billion during Q2-2021. The revenue figures for third quarter have also hit an all-time high for US markets. This suggests that the trend would be strong for Indian market as well.
The future for online casino and sports betting looks promising for the Indian market. With strong offering for Indian bettors and local support staff, online casino platforms are ready for the next phase of growth. COVID-19 pandemic has given boost to online gaming segment and this trend will most likely continue in future as well.
